# Aemetis Inc. (AMTX)

**Exchange:** NASDAQ  
**Sector:** Basic Materials  
**Market cap:** $121M  
**Price:** $2.02 (+0.25%)

> Aemetis Inc. is a renewable natural gas, renewable fuels, and biochemicals company that develops and commercializes innovative technologies to replace traditional petroleum-based products with low and negative carbon intensity alternatives. It operates through key segments including California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel, producing ethanol, wet distillers grains, distillers corn oil, condensed distillers solubles for animal feed, distilled biodiesel, refined glycerin, renewable natural gas, USP alcohol, and hand sanitizer. The company owns and manages production facilities such as a large ethanol plant in Keyes, California, a network of biogas digesters converting dairy waste into renewable natural gas, and a biodiesel facility on India's East Coast. Aemetis Inc. also advances sustainable aviation fuel and renewable diesel from agricultural wastes like corn oil, biogas, and wood waste, alongside high-value biochemicals and personal care products through patented industrial biotechnologies and a research laboratory. Founded in 2006 and headquartered in Cupertino, California, Aemetis Inc. plays a significant role in the low-carbon fuels sector by building a circular bioeconomy that utilizes agricultural waste to reduce emissions and enhance air quality.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $198M | -$768,000 | -$37M | -$77M | — |
| 2024 | $268M | -$580,000 | -$40M | -$88M | — |
| 2023 | $77M | $2M | -$37M | -$46M | — |
| 2022 | $28M | -$6M | -$34M | -$108M | — |
| 2021 | $212M | $8M | -$16M | -$47M | — |
| 2020 | $166M | $11M | -$6M | -$37M | — |
| 2019 | $202M | $13M | -$5M | -$39M | — |
| 2018 | $172M | $5M | -$11M | -$36M | — |
| 2017 | $150M | $3M | -$12M | -$32M | — |
| 2016 | $143M | $12M | -$781,000 | -$16M | — |
| 2015 | $147M | $4M | -$9M | -$27M | — |
| 2014 | $208M | $37M | $24M | $7M | — |
| 2013 | $178M | $18M | $2M | -$24M | — |
| 2012 | $189M | -$9M | -$21M | -$4M | — |
| 2011 | $142M | $5M | -$5M | -$18M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $260M | $567M | -$307M | $5M | $64M |
| 2024 | $259M | $523M | -$264M | $898,000 | $338M |
| 2023 | $243M | $460M | -$217M | $3M | $295M |
| 2022 | $207M | $409M | -$202M | $4M | $246M |
| 2021 | $161M | $281M | -$120M | $8M | $190M |
| 2020 | $125M | $310M | -$185M | $592,000 | $230M |
| 2019 | $100M | $254M | -$154M | $656,000 | $180M |
| 2018 | $92M | $207M | -$116M | $1M | $158M |
| 2017 | $94M | $173M | -$78M | $428,000 | $138M |
| 2016 | $78M | $128M | -$50M | $1M | $100M |
| 2015 | $83M | $118M | -$35M | $283,000 | $89M |
| 2014 | $89M | $92M | -$3M | $332,000 | $65M |
| 2013 | $97M | $110M | -$13M | $5M | $74M |
| 2012 | $97M | $93M | $4M | $291,000 | $36M |
| 2011 | $27M | $20M | -$22M | $249,000 | $30M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $3M | $26M | -$23M |
| 2024 | -$33M | $20M | -$53M |
| 2023 | $14M | $33M | -$19M |
| 2022 | -$23M | $39M | -$62M |
| 2021 | -$21M | $27M | -$47M |
| 2020 | $2M | $19M | -$17M |
| 2019 | -$2M | $9M | -$11M |
| 2018 | -$6M | $4M | -$10M |
| 2017 | -$9M | $1M | -$10M |
| 2016 | $371,000 | $629,000 | -$258,000 |
| 2015 | -$786,000 | $71,000 | -$857,000 |
| 2014 | $21M | $2M | $19M |
| 2013 | -$2M | $1M | -$3M |
| 2012 | -$17M | $1M | -$18M |
| 2011 | -$1M | $3M | -$4M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AMTX)