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Side-by-side financial comparison of Gevo, Inc. (GEVO) and System1, Inc. (SST). Click either name above to swap in a different company.

System1, Inc. is the larger business by last-quarter revenue ($51.9M vs $45.3M, roughly 1.1× Gevo, Inc.). Gevo, Inc. runs the higher net margin — -13.2% vs -26.0%, a 12.7% gap on every dollar of revenue. On growth, Gevo, Inc. posted the faster year-over-year revenue change (695.6% vs -31.3%). Over the past eight quarters, Gevo, Inc.'s revenue compounded faster (237.1% CAGR vs -21.8%).

Gevo, Inc. is an American renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado, in the Denver-Aurora metropolitan area. Gevo operates in the sustainability sector, pursuing a business model based on the concept of the "circular economy". The company develops bio-based alternatives to petroleum-based products using a combination of biotechnology and classical chemistry. Gevo uses the GREET model from Argonne National Laboratory as a basis f...

System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.

GEVO vs SST — Head-to-Head

Bigger by revenue
SST
SST
1.1× larger
SST
$51.9M
$45.3M
GEVO
Growing faster (revenue YoY)
GEVO
GEVO
+726.9% gap
GEVO
695.6%
-31.3%
SST
Higher net margin
GEVO
GEVO
12.7% more per $
GEVO
-13.2%
-26.0%
SST
Faster 2-yr revenue CAGR
GEVO
GEVO
Annualised
GEVO
237.1%
-21.8%
SST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GEVO
GEVO
SST
SST
Revenue
$45.3M
$51.9M
Net Profit
$-6.0M
$-13.5M
Gross Margin
41.0%
Operating Margin
-4.8%
-33.6%
Net Margin
-13.2%
-26.0%
Revenue YoY
695.6%
-31.3%
Net Profit YoY
65.9%
4.8%
EPS (diluted)
$-0.03
$-3.58

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GEVO
GEVO
SST
SST
Q4 25
$45.3M
$51.9M
Q3 25
$42.7M
$61.6M
Q2 25
$43.4M
$78.1M
Q1 25
$29.1M
$74.5M
Q4 24
$5.7M
$75.6M
Q3 24
$2.0M
$88.8M
Q2 24
$5.3M
$94.6M
Q1 24
$4.0M
$84.9M
Net Profit
GEVO
GEVO
SST
SST
Q4 25
$-6.0M
$-13.5M
Q3 25
$-8.0M
$-18.5M
Q2 25
$2.1M
$-17.5M
Q1 25
$-21.7M
$-15.9M
Q4 24
$-17.6M
$-14.2M
Q3 24
$-21.2M
$-23.6M
Q2 24
$-21.0M
$-26.4M
Q1 24
$-18.9M
$-10.5M
Gross Margin
GEVO
GEVO
SST
SST
Q4 25
41.0%
Q3 25
36.9%
Q2 25
35.7%
Q1 25
38.2%
Q4 24
42.1%
Q3 24
28.0%
Q2 24
27.6%
Q1 24
21.9%
Operating Margin
GEVO
GEVO
SST
SST
Q4 25
-4.8%
-33.6%
Q3 25
-8.6%
-25.3%
Q2 25
13.4%
-20.4%
Q1 25
-69.2%
-17.6%
Q4 24
-344.7%
-15.7%
Q3 24
-1221.8%
-24.6%
Q2 24
-456.8%
-30.8%
Q1 24
-580.0%
-30.4%
Net Margin
GEVO
GEVO
SST
SST
Q4 25
-13.2%
-26.0%
Q3 25
-18.6%
-30.1%
Q2 25
4.9%
-22.4%
Q1 25
-74.6%
-21.3%
Q4 24
-308.9%
-18.7%
Q3 24
-1076.6%
-26.6%
Q2 24
-399.3%
-27.9%
Q1 24
-473.1%
-12.4%
EPS (diluted)
GEVO
GEVO
SST
SST
Q4 25
$-0.03
$-3.58
Q3 25
$-0.03
$-2.30
Q2 25
$0.01
$-2.23
Q1 25
$-0.09
$-0.21
Q4 24
$-0.08
$-3.41
Q3 24
$-0.09
$-3.37
Q2 24
$-0.09
$-3.80
Q1 24
$-0.08
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GEVO
GEVO
SST
SST
Cash + ST InvestmentsLiquidity on hand
$81.2M
$86.9M
Total DebtLower is stronger
$164.8M
$305.1M
Stockholders' EquityBook value
$466.3M
$30.5M
Total Assets
$718.9M
$405.0M
Debt / EquityLower = less leverage
0.35×
10.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GEVO
GEVO
SST
SST
Q4 25
$81.2M
$86.9M
Q3 25
$72.6M
$54.6M
Q2 25
$57.3M
$63.6M
Q1 25
$65.3M
$43.9M
Q4 24
$189.4M
$63.6M
Q3 24
$223.2M
$69.1M
Q2 24
$245.7M
$75.7M
Q1 24
$270.6M
$69.9M
Total Debt
GEVO
GEVO
SST
SST
Q4 25
$164.8M
$305.1M
Q3 25
$164.5M
$259.2M
Q2 25
$167.5M
$263.3M
Q1 25
$167.0M
$267.4M
Q4 24
$67.1M
$255.1M
Q3 24
$67.0M
$259.2M
Q2 24
$66.8M
$263.3M
Q1 24
$68.3M
$268.6M
Stockholders' Equity
GEVO
GEVO
SST
SST
Q4 25
$466.3M
$30.5M
Q3 25
$468.9M
$42.7M
Q2 25
$474.1M
$58.2M
Q1 25
$469.8M
$67.2M
Q4 24
$489.5M
$80.3M
Q3 24
$504.7M
$90.3M
Q2 24
$522.7M
$109.4M
Q1 24
$541.9M
$131.7M
Total Assets
GEVO
GEVO
SST
SST
Q4 25
$718.9M
$405.0M
Q3 25
$685.2M
$385.2M
Q2 25
$702.1M
$429.2M
Q1 25
$677.8M
$419.2M
Q4 24
$583.9M
$459.1M
Q3 24
$583.9M
$479.3M
Q2 24
$617.9M
$511.3M
Q1 24
$633.6M
$521.1M
Debt / Equity
GEVO
GEVO
SST
SST
Q4 25
0.35×
10.01×
Q3 25
0.35×
6.07×
Q2 25
0.35×
4.53×
Q1 25
0.36×
3.98×
Q4 24
0.14×
3.18×
Q3 24
0.13×
2.87×
Q2 24
0.13×
2.41×
Q1 24
0.13×
2.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GEVO
GEVO
SST
SST
Operating Cash FlowLast quarter
$20.0M
$-10.6M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
24.7%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-43.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GEVO
GEVO
SST
SST
Q4 25
$20.0M
$-10.6M
Q3 25
$-6.8M
$-2.1M
Q2 25
$-2.5M
$24.5M
Q1 25
$-24.0M
$-15.9M
Q4 24
$-18.8M
$772.0K
Q3 24
$-11.0M
$-5.0K
Q2 24
$-11.4M
$10.0M
Q1 24
$-16.1M
$-16.0M
Free Cash Flow
GEVO
GEVO
SST
SST
Q4 25
$8.7M
Q3 25
$-14.6M
Q2 25
$-7.8M
Q1 25
$-29.9M
$-16.0M
Q4 24
$-33.5M
Q3 24
$-20.8M
$-36.0K
Q2 24
$-20.6M
Q1 24
$-33.6M
FCF Margin
GEVO
GEVO
SST
SST
Q4 25
19.3%
Q3 25
-34.2%
Q2 25
-17.9%
Q1 25
-102.7%
-21.5%
Q4 24
-587.2%
Q3 24
-1057.0%
-0.0%
Q2 24
-392.4%
Q1 24
-841.9%
Capex Intensity
GEVO
GEVO
SST
SST
Q4 25
24.7%
0.0%
Q3 25
18.3%
0.0%
Q2 25
12.1%
0.0%
Q1 25
20.0%
0.1%
Q4 24
256.6%
0.0%
Q3 24
496.2%
0.0%
Q2 24
174.8%
0.0%
Q1 24
438.9%
0.0%
Cash Conversion
GEVO
GEVO
SST
SST
Q4 25
Q3 25
Q2 25
-1.18×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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