Cash flow Gevo, Inc.

Equities

GEVO

US3743964062

Renewable Fuels

Market Closed - Nasdaq Other stock markets 04:00:00 2026-03-10 pm EDT			5-day change	1st Jan Change
2.300 ^USD	+2.68%		+23.66%	+15.00%

Mar. 05	Gevo, Inc., Q4 2025 Earnings Call, Mar 05, 2026
Mar. 05	Gevo Q4 Loss From Operations Narrows	MT

795a580015c9f3ea13dc23258616a5.HXlMVapa9J527PsjUabI4Q3NO4mnlYKaOhZtWShSKsU.disOD58egd9Pvc0XHfaKiGCKSsXC7NbAb1VUPmQqYZ9OIDsNyTyuqTGckA

Published financial data: GEVO, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	533K	1.18M	17.2M	16.92M	161M
Other Revenues, Total	178K	-	-	-	-
Total Revenues	711K	1.18M	17.2M	16.92M	161M
Cost of Goods Sold, Total	7.69M	23.36M	30.76M	33.14M	98.37M
Gross Profit	-6.98M	-22.18M	-13.56M	-16.22M	62.21M
Selling General & Admin Expenses, Total	25.49M	39.94M	42.63M	45.7M	51.2M
Pre-Opening Costs	10.58M	-	-	-	-
R&D Expenses	6.78M	7.43M	6.64M	5.58M	4.55M
Depreciation & Amortization - (IS)	5.13M	7.89M	19.01M	18.3M	25.32M
Other Operating Expenses, Total	47.98M	55.26M	68.27M	69.57M	81.07M
Operating Income	-54.95M	-77.44M	-81.84M	-85.79M	-18.86M
Interest Expense, Total	-251K	-1.17M	-2.16M	-3.88M	-17.56M
Interest And Investment Income	571K	3.04M	19.09M	15.74M	7.81M
Net Interest Expenses	320K	1.88M	16.93M	11.86M	-9.75M
Other Non Operating Income (Expenses)	-74K	-97K	291K	323K	-2.67M
EBT, Excl. Unusual Items	-54.71M	-75.66M	-64.62M	-73.61M	-31.28M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-5.03M	-4.44M
Gain (Loss) On Sale Of Assets	-5.14M	-499K	-	-	3.09M
Asset Writedown	-	-24.75M	-	-	-
Other Unusual Items	641K	2.9M	-1.6M	-	-
EBT, Incl. Unusual Items	-59.2M	-98.01M	-66.22M	-78.64M	-32.63M
Earnings From Continuing Operations	-59.2M	-98.01M	-66.22M	-78.64M	-32.63M
Net Income to Company	-59.2M	-98.01M	-66.22M	-78.64M	-32.63M
Minority Interest	-	-	-	-	-1.21M
Net Income - (IS)	-59.2M	-98.01M	-66.22M	-78.64M	-33.84M
Net Income to Common Incl Extra Items	-59.2M	-98.01M	-66.22M	-78.64M	-33.84M
Net Income to Common Excl. Extra Items	-59.2M	-98.01M	-66.22M	-78.64M	-33.84M
Per Share Items
Net EPS - Basic	-0.3	-0.44	-0.28	-0.34	-0.14
Basic EPS - Continuing Operations	-0.3	-0.44	-0.28	-0.34	-0.14
Basic Weighted Average Shares Outstanding	196M	222M	239M	232M	234M
Net EPS - Diluted	-0.3	-0.44	-0.28	-0.34	-0.14
Diluted EPS - Continuing Operations	-0.3	-0.44	-0.28	-0.34	-0.14
Diluted Weighted Average Shares Outstanding	196M	222M	239M	232M	234M
Normalized Basic EPS	-0.17	-0.21	-0.17	-0.2	-0.09
Normalized Diluted EPS	-0.17	-0.21	-0.17	-0.2	-0.09
Supplemental Items
EBITDA	-49.82M	-69.55M	-62.83M	-67.58M	6.46M
EBITA	-54.61M	-76.14M	-80.64M	-84.58M	-6.66M
EBIT	-54.95M	-77.44M	-81.84M	-85.79M	-18.86M
EBITDAR	-47.95M	-	-	-67.3M	7.04M
Total Revenues (As Reported)	711K	-	-	-	-
Normalized Net Income	-34.19M	-47.29M	-40.38M	-46M	-20.76M
Interest Capitalized	2.1M	300K	300K	-	114
Interest on Long-Term Debt	251K	1.47M	2.16M	3.88M	17.56M
Supplemental Operating Expense Items
General and Administrative Expenses	-	39.94M	42.63M	45.7M	51.2M
Research And Development Expense From Footnotes	6.78M	7.43M	6.64M	5.66M	4.55M
Net Rental Expense, Total	1.88M	-	-	281K	585K
Imputed Operating Lease Interest Expense	764K	-	-	124K	690K
Imputed Operating Lease Depreciation	1.11M	-	-	157K	-105K
Stock-Based Comp., COGS (Total)	40K	-25K	59K	60K	49K
Stock-Based Comp., R&D Exp. (Total)	2M	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	14.34M	15.2M	12.75M	8.09M
Stock-Based Comp., SG&A Exp. (Total)	7.8M	-	-	-	-
Stock-Based Comp., Other (Total)	70K	3.1M	1.82M	1.93M	1.07M
Total Stock-Based Compensation	9.91M	17.42M	17.09M	14.73M	9.21M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	40.83M	237M	298M	189M	81.16M
Short Term Investments	275M	167M	-	-	-
Total Cash And Short Term Investments	316M	405M	298M	189M	81.16M
Accounts Receivable, Total	978K	476K	2.62M	2.41M	8.39M
Other Receivables	1.5M	514K	1.33M	730K	986K
Total Receivables	2.48M	990K	3.95M	3.14M	9.38M
Inventory	2.75M	6.35M	3.81M	4.5M	19.08M
Prepaid Expenses	5.36M	2.52M	1.66M	2.62M	3.36M
Restricted Cash	25.03M	1.03M	77.25M	1.49M	28.77M
Other Current Assets, Total	-	-	1.36M	2.57M	1.65M
Total Current Assets	352M	415M	386M	204M	143M
Gross Property Plant And Equipment	233M	250M	299M	326M	403M
Accumulated Depreciation	-63.86M	-71.64M	-86.32M	-101M	-46.68M
Net Property Plant And Equipment	169M	178M	213M	225M	356M
Long-term Investments	64.4M	1.5M	1.5M	1.5M	1.5M
Goodwill	-	-	-	3.74M	43.56M
Other Intangibles, Total	8.94M	7.69M	6.52M	8.13M	95M
Deferred Charges Long-Term	-	-	-	-	1.91M
Other Long-Term Assets, Total	72.5M	97.71M	42.82M	142M	77.59M
Total Assets	666M	701M	650M	584M	719M
Liabilities
Accounts Payable, Total	4.87M	5.01M	2.72M	539K	1.08M
Accrued Expenses, Total	7.41M	19.75M	20.03M	21.47M	35.42M
Current Portion of Long-Term Debt	158K	159K	68.1M	21K	-
Current Portion of Leases	4.18M	517K	577K	2.33M	962K
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	16.01M	-	-	-	41.12M
Total Current Liabilities	32.63M	25.44M	91.43M	24.36M	78.58M
Long-Term Debt	66.8M	67.38M	21K	67.11M	165M
Long-Term Leases	19.7M	1.63M	1.49M	1.15M	1.81M
Other Non Current Liabilities	87K	820K	-	1.83M	2.62M
Total Liabilities	119M	95.27M	92.93M	94.45M	248M
Common Stock, Total	2.02M	2.37M	2.4M	2.39M	2.42M
Additional Paid In Capital	1.1B	1.26B	1.28B	1.29B	1.3B
Retained Earnings	-557M	-655M	-722M	-800M	-834M
Comprehensive Income and Other	-614K	-1.04M	-	-	-
Total Common Equity	547M	605M	557M	489M	466M
Minority Interest	-	-	-	-	4.83M
Total Equity	547M	605M	557M	489M	471M
Total Liabilities And Equity	666M	701M	650M	584M	719M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	195M	232M	234M	232M	237M
ECS Total Common Shares Outstanding	195M	232M	234M	232M	236M
Book Value / Share	2.8	2.61	2.38	2.11	1.97
Tangible Book Value	538M	598M	551M	478M	328M
Tangible Book Value Per Share	2.76	2.58	2.35	2.06	1.39
Total Debt	90.85M	69.69M	70.18M	70.62M	168M
Net Debt	-290M	-335M	-228M	-119M	86.36M
Debt Equivalent Oper. Leases	15.02M	-	-	2.25M	4.68M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	4.83M
Account Code - Inventory Valuation	6	6	6	6	5
Inventories - Raw Materials, Total	752K	168K	104K	198K	8.25M
Inventories - Work In Process, Total	83K	51K	2.07M	2.39M	5.27M
Inventories - Finished Goods, Total	654K	5.77M	1.17M	1.25M	2.03M
Inventories - Others	1.26M	354K	471K	660K	3.53M
Land - (BS)	-	6.45M	6.5M	6.59M	12.23M
Buildings, Total	2.54M	-	-	-	-
Machinery, Total	30.69M	90.22M	98.08M	82.42M	143M
Full Time Employees	97	87	101	122	151
Part Time Employees	2	2	2	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-59.2M	-98.01M	-66.22M	-78.64M	-33.84M
Depreciation & Amortization - CF	4.78M	6.59M	17.81M	17M	15.14M
Amortization of Goodwill and Intangible Assets - (CF)	346K	1.3M	1.2M	1.21M	12.2M
Depreciation & Amortization, Total	5.13M	7.89M	19.01M	18.21M	27.34M
Amortization of Deferred Charges, Total - (CF)	-	-	-	87K	1.95M
(Gain) Loss From Sale Of Asset	5.14M	499K	-	-	-3.09M
(Gain) Loss on Sale of Investments - (CF)	-	2.72M	-102K	-	-
Asset Writedown & Restructuring Costs	-	24.75M	-	-	-
Stock-Based Compensation (CF)	9.87M	17.42M	17.09M	14.73M	9.21M
Other Operating Activities, Total	-552K	877K	908K	2.5M	-49.74M
Change In Accounts Receivable	-257K	502K	-2.15M	417K	-1.01M
Change In Inventories	-259K	-2M	670K	-706K	-4.06M
Change In Accounts Payable	-271K	3.64M	2.69M	5.07M	5.28M
Change In Deferred Taxes	-	-	-	-	41.12M
Change in Other Net Operating Assets	-3.13M	-10.89M	-25.62M	-19.05M	-6.56M
Cash from Operations	-43.54M	-52.61M	-53.72M	-57.38M	-13.4M
Capital Expenditure	-59.66M	-75.78M	-54.46M	-51.08M	-30.11M
Sale of Property, Plant, and Equipment	-	-	34K	-	2M
Cash Acquisitions	-	-	-	-6.07M	-198M
Sale (Purchase) of Intangible assets	-9.17M	-10K	-	-	-
Investment in Marketable and Equity Securities, Total	-343M	169M	169M	-	-
Other Investing Activities, Total	-	-	-	5.34M	-
Cash from Investing	-412M	93.39M	114M	-51.82M	-227M
Long-Term Debt Issued, Total	69M	-	-	68.16M	145M
Total Debt Issued	69M	-	-	68.16M	145M
Long-Term Debt Repaid, Total	-4.64M	-162K	-189K	-69.19M	-41.79M
Total Debt Repaid	-4.64M	-162K	-189K	-69.19M	-41.79M
Issuance of Common Stock	490M	150M	-	49K	798K
Repurchase of Common Stock	-7.04M	-286K	-	-4.71M	-
Other Financing Activities, Total	-34.96M	-10.99M	-	-1.66M	-6.13M
Cash from Financing	513M	139M	-189K	-7.36M	97.88M
Net Change in Cash	57.7M	179M	60.22M	-117M	-142M
Supplemental Items
Cash Interest Paid	214K	-	1.03M	1.62M	12.56M
Levered Free Cash Flow	-94.64M	-81.52M	-150M	-1.13M	-6.68M
Unlevered Free Cash Flow	-94.48M	-80.79M	-149M	1.29M	2.35M
Change In Net Working Capital	6.34M	-18.09M	79.15M	-72.96M	-7.7M
Net Debt Issued / Repaid	64.35M	-162K	-189K	-1.04M	103M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-8.39	-7.19	-7.57	-8.69	-1.81
Return on Total Capital	-8.74	-7.49	-7.85	-9.03	-1.97
Return On Equity %	-17.07	-17	-11.39	-15.02	-6.79
Return on Common Equity	-17.07	-17	-11.39	-15.02	-7.08
Margin Analysis
Gross Profit Margin %	-981.15	-1.89K	-78.85	-95.89	38.74
SG&A Margin	3.59K	3.4K	247.84	270.16	31.88
EBITDA Margin %	-7.01K	-5.92K	-365.28	-399.53	4.02
EBITA Margin %	-7.68K	-6.48K	-468.81	-500.02	-4.15
EBIT Margin %	-7.73K	-6.59K	-475.78	-507.19	-11.75
Income From Continuing Operations Margin %	-8.33K	-8.34K	-384.97	-464.91	-20.32
Net Income Margin %	-8.33K	-8.34K	-384.97	-464.91	-21.07
Net Avail. For Common Margin %	-8.33K	-8.34K	-384.97	-464.91	-21.07
Normalized Net Income Margin	-4.81K	-4.02K	-234.79	-271.98	-12.93
Levered Free Cash Flow Margin	-13.31K	-6.94K	-872.15	-6.7	-4.16
Unlevered Free Cash Flow Margin	-13.29K	-6.88K	-864.3	7.63	1.46
Asset Turnover
Asset Turnover	0	0	0.03	0.03	0.25
Fixed Assets Turnover	0.01	0.01	0.09	0.08	0.55
Receivables Turnover (Average Receivables)	0.71	1.62	11.1	6.72	29.72
Inventory Turnover (Average Inventory)	2.93	5.13	6.06	7.97	8.34
Short Term Liquidity
Current Ratio	10.78	16.33	4.23	8.36	1.82
Quick Ratio	9.77	15.94	3.31	7.9	1.15
Operating Cash Flow to Current Liabilities	-1.33	-2.07	-0.59	-2.36	-0.17
Days Sales Outstanding (Average Receivables)	515.31	225.83	32.88	54.46	12.28
Days Outstanding Inventory (Average Inventory)	124.45	71.08	60.25	45.9	43.74
Average Days Payable Outstanding	132.39	66.62	49.96	17.62	2.62
Cash Conversion Cycle (Average Days)	507.38	230.3	43.17	82.74	53.4
Long Term Solvency
Total Debt/Equity	16.6	11.51	12.59	14.43	35.55
Total Debt / Total Capital	14.24	10.32	11.18	12.61	26.23
LT Debt/Equity	15.81	11.4	0.27	13.95	35.35
Long-Term Debt / Total Capital	13.56	10.22	0.24	12.19	26.08
Total Liabilities / Total Assets	17.89	13.6	14.29	16.18	34.46
EBIT / Interest Expense	-218.94	-66.36	-37.87	-22.12	-1.07
EBITDA / Interest Expense	-191.02	-56.38	-29.07	-17.35	0.4
(EBITDA - Capex) / Interest Expense	-428.72	-121.31	-54.27	-30.52	-1.31
Total Debt / EBITDA	-1.89	-1.06	-1.12	-1.05	23.79
Net Debt / EBITDA	6.04	5.09	3.63	1.76	12.26
Total Debt / (EBITDA - Capex)	-0.84	-0.49	-0.6	-0.6	-7.26
Net Debt / (EBITDA - Capex)	2.69	2.37	1.95	1	-3.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-87.16	120.45	1.36K	-1.66	849.33
Gross Profit, 1 Yr. Growth %	84.7	25.08	-38.86	19.59	-483.53
EBITDA, 1 Yr. Growth %	146.93	39.09	-9.67	7.56	-109.54
EBITA, 1 Yr. Growth %	109.54	38.86	5.91	4.89	-92.13
EBIT, 1 Yr. Growth %	110.69	40.46	5.68	4.84	-78.04
Earnings From Cont. Operations, 1 Yr. Growth %	47.32	65.54	-32.44	18.76	-58.51
Net Income, 1 Yr. Growth %	47.32	65.54	-32.44	18.76	-56.97
Normalized Net Income, 1 Yr. Growth %	41.82	38.3	-9.55	13.92	-54.94
Diluted EPS Before Extra, 1 Yr. Growth %	-57.2	46.31	-36.71	22.36	-57.4
Accounts Receivable, 1 Yr. Growth %	85.58	-51.33	451.05	-8.08	248.15
Inventory, 1 Yr. Growth %	10.44	130.72	-39.99	18.19	323.72
Net Property, Plant and Equip., 1 Yr. Growth %	153.09	27.09	14.12	5.39	58.5
Total Assets, 1 Yr. Growth %	338.19	8.58	-7.2	-10.21	23.12
Tangible Book Value, 1 Yr. Growth %	268.04	11.05	-7.85	-13.3	-31.37
Common Equity, 1 Yr. Growth %	273.86	10.64	-7.94	-12.18	-4.73
Cash From Operations, 1 Yr. Growth %	125.13	9	21.23	6.82	-76.65
Capital Expenditures, 1 Yr. Growth %	910.36	33.48	-35.23	-6.19	-41.05
Levered Free Cash Flow, 1 Yr. Growth %	565.2	-8.18	67.01	-99.24	458.81
Unlevered Free Cash Flow, 1 Yr. Growth %	631.37	-8.84	66.86	-100.87	90.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-82.96	-53.93	468.07	279.42	205.55
Gross Profit, 2 Yr. CAGR %	9.68	142.35	-12.55	-14.49	114.16
EBITDA, 2 Yr. CAGR %	59.05	85.66	12.09	-1.43	-67.94
EBITA, 2 Yr. CAGR %	44.41	70.92	21.27	5.4	-71.25
EBIT, 2 Yr. CAGR %	44.41	72.31	21.83	5.26	-51.99
Earnings From Cont. Operations, 2 Yr. CAGR %	43.73	56.17	5.76	-10.42	-29.8
Net Income, 2 Yr. CAGR %	43.73	56.17	5.76	-10.42	-28.52
Normalized Net Income, 2 Yr. CAGR %	38.17	40.05	8.68	1.51	-28.31
Diluted EPS Before Extra, 2 Yr. CAGR %	-64.16	-20.87	-3.77	-12.41	-27.8
Accounts Receivable, 2 Yr. CAGR %	-7.17	-4.96	63.77	125.06	78.89
Inventory, 2 Yr. CAGR %	-7.3	59.62	17.67	-15.78	123.79
Net Property, Plant and Equip., 2 Yr. CAGR %	59.11	63.53	23.2	9.67	29.25
Total Assets, 2 Yr. CAGR %	167.19	114.64	0.38	-8.71	5.14
Tangible Book Value, 2 Yr. CAGR %	172.48	102.16	1.16	-10.61	-22.86
Common Equity, 2 Yr. CAGR %	174.73	103.38	0.92	-10.09	-8.53
Cash From Operations, 2 Yr. CAGR %	44.54	64.95	5.49	13.8	-50.05
Capital Expenditures, 2 Yr. CAGR %	215.63	258.22	-2.06	-22.05	-25.64
Levered Free Cash Flow, 2 Yr. CAGR %	125.11	139.37	29.99	-88.77	-78.89
Unlevered Free Cash Flow, 2 Yr. CAGR %	135.99	150.08	29.52	-87.96	-87.44
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-72.14	-63.66	45.92	216.6	415.09
Gross Profit, 3 Yr. CAGR %	-7.12	56.39	53.13	-2.93	41.02
EBITDA, 3 Yr. CAGR %	47.01	52.28	46.02	10.56	-54.72
EBITA, 3 Yr. CAGR %	34.99	42.73	45.72	15.54	-55.6
EBIT, 3 Yr. CAGR %	35.27	43.24	46.4	15.88	-37.54
Earnings From Cont. Operations, 3 Yr. CAGR %	28.39	50.66	18.11	9.93	-30.69
Net Income, 3 Yr. CAGR %	28.39	50.66	18.11	9.93	-29.85
Normalized Net Income, 3 Yr. CAGR %	28.52	38.21	18.76	10.4	-22.53
Diluted EPS Before Extra, 3 Yr. CAGR %	-62.51	-42.72	-26.55	3.93	-31.12
Accounts Receivable, 3 Yr. CAGR %	22.97	-25.15	70.74	35.09	160.29
Inventory, 3 Yr. CAGR %	-4.58	25.63	15.21	17.84	44.31
Net Property, Plant and Equip., 3 Yr. CAGR %	35.77	38.82	47.27	16.95	24
Total Assets, 3 Yr. CAGR %	83.97	95.8	62.31	-3.28	0.86
Tangible Book Value, 3 Yr. CAGR %	82.35	102.02	55.59	-3.91	-18.15
Common Equity, 3 Yr. CAGR %	83.35	102.88	56.16	-3.65	-8.34
Cash From Operations, 3 Yr. CAGR %	40.04	36.17	40.57	5.93	-32.88
Capital Expenditures, 3 Yr. CAGR %	198.95	133.02	109.7	-3.46	-28.98
Levered Free Cash Flow, 3 Yr. CAGR %	82.1	63.43	119.28	-76.63	-57.94
Unlevered Free Cash Flow, 3 Yr. CAGR %	90.58	68.24	125.77	-75.58	-70.25
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-51.76	-46.79	-12.15	-7.13	96.11
Gross Profit, 5 Yr. CAGR %	-6.58	15.85	9.27	22.84	75.12
EBITDA, 5 Yr. CAGR %	23.65	33.11	31.99	27.97	-20.38
EBITA, 5 Yr. CAGR %	17.89	26.74	29.43	26.43	-23.87
EBIT, 5 Yr. CAGR %	18.03	27.17	29.81	26.63	-6.27
Earnings From Cont. Operations, 5 Yr. CAGR %	9.72	31.81	18.8	22.37	-4.08
Net Income, 5 Yr. CAGR %	9.72	31.81	18.8	22.37	-3.38
Normalized Net Income, 5 Yr. CAGR %	11.78	31.34	20.18	20.77	-2.95
Diluted EPS Before Extra, 5 Yr. CAGR %	-72.54	-57.04	-45.34	-32.11	-27.19
Accounts Receivable, 5 Yr. CAGR %	-2.71	-14.7	37.9	16.26	73.95
Inventory, 5 Yr. CAGR %	-4.47	7.79	3.77	7.06	50.25
Net Property, Plant and Equip., 5 Yr. CAGR %	17.44	20.45	25.86	27.48	39.78
Total Assets, 5 Yr. CAGR %	42.78	51.14	43.46	44.29	36.43
Tangible Book Value, 5 Yr. CAGR %	50.7	56.57	44.06	45.8	17.51
Common Equity, 5 Yr. CAGR %	51.19	56.97	44.4	46.51	26.08
Cash From Operations, 5 Yr. CAGR %	16.24	20.6	27.65	22.46	-7.07
Capital Expenditures, 5 Yr. CAGR %	58.64	108.87	89.42	53.53	38.52
Levered Free Cash Flow, 5 Yr. CAGR %	28.42	53.73	57.11	-42.9	-14.03
Unlevered Free Cash Flow, 5 Yr. CAGR %	33.6	60.22	61.22	-40.26	-28.91