Alto Ingredients, Inc.

Listed Company

ALTOCIK 0000778164NasdaqAcceleratedSmaller ReportingIndustrial Organic ChemicalsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$917.93M

Net Income

$13.34M

Total Assets

$388.79M

Equity

$245.24M

Shares Out

77.29M

Op. Cash Flow

$13.24M

Business

Alto Ingredients, Inc. is a producer and distributor of specialty alcohols, renewable fuels and essential ingredients in the United States. It offers specialty alcohols (industrial, pharmaceutical, food- and beverage-grade), fuel-grade ethanol, distillers corn oil, dried yeast, corn protein products, distillers grains and liquid CO2, plus break-bulk alcohol distribution through Eagle Alcohol. The company reports operations in three segments: Pekin production, Marketing and distribution, and Western production (including liquid CO2). It sells products domestically and internationally via truck, rail, barge and third-party logistics, and markets fuel-grade ethanol across the Midwest and Western U.S.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	918	965	1,223	1,336	1,208
Cost of goods sold	883	956	1,207	1,363	1,140
Gross profit	35	10	16	−28	68
Selling, general and administrative expenses	−27	−30	−30	−28	−29
Acquisition-related recoveries (expenses)	460,000	−8	−3	−4	—
Gain (loss) on sale of assets	—	830,000	−293,000	−2	5
Asset impairments	−803,000	−25	−7	—	−3
Income (loss) from operations	7	−52	−24	−61	40
Transferable tax credits, net	8	—	—	—	—
Excess insurance proceeds	7	—	—	—	—
Income from cash grant	—	—	3	23	—
Interest expense, net	−11	−8	−7	—	—
Other income, net	2	508,000	553,000	862,000	1
Income (loss) before provision (benefit) for income taxes	13	−59	−28	−40	48
Provision (benefit) for income taxes	−621,000	173,000	97,000	2	1
Consolidated net income (loss)	13	−59	−28	−42	46
Preferred stock dividends	−1	−1	−1	−1	−1
Income (loss) attributable to common stockholders	12	−60	−29	−43	44
Income (loss) per share, basic (in Dollars per share)	0.16	−0.82	−0.4	−0.6	0.62
Income (loss) per share, diluted (in Dollars per share)	0.16	−0.82	−0.4	−0.6	0.61
Weighted-average shares outstanding, basic (in Shares)	75	73	73	72	71
Weighted-average shares outstanding, diluted (in Shares)	76	73	73	72	72

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	23	35	30	36	51
Restricted cash	2	742,000	15	13	12
Accounts receivable, net of allowance for credit losses of $76 and $23, respectively	55	58	59	69	87
Inventories	62	50	53	67	54
Transferable tax credits, net	8	—	—	—	—
Derivative instruments	525,000	3	2	5	16
Other current assets	5	5	10	9	10
Total current assets	156	153	169	199	230
Property and equipment, net	199	215	249	239	223
Right of use operating lease assets, net	17	21	23	19	13
Intangible assets, net	8	5	8	9	3
Other assets	10	9	6	6	5
Total other assets	34	34	37	40	33
Total Assets	389	401	454	478	485
Accounts payable	15	20	21	28	—
Accrued liabilities	17	24	20	27	21
Current portion long-term debt	17	—	—	—	—
Current portion operating leases	5	5	4	4	9
Derivative instruments	1	1	14	7	14
Other current liabilities	5	7	6	13	8
Total current liabilities	59	58	65	78	70
Long-term debt, net	63	93	82	68	50
Operating leases, net of current portion	13	17	19	15	—
Other liabilities	8	9	8	9	10
Total Liabilities	144	176	175	170	140
Commitments and contingencies	—	—	—	—	—
Preferred stock, value	—	—	—	—	—
Common stock value	77,000	77,000	76,000	75,000	5
Additional paid-in capital	1,052	1,044	1,041	1,041	1,037
Accumulated other comprehensive income	5	5	2	2	−284,000
Accumulated deficit	−812	−824	−764	−735	−692
Total stockholders equity	245	225	280	308	345
Total Liabilities and Stockholders Equity	389	401	454	478	485

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization of intangibles	25	24	23	25	—
Inventory valuation	1	2	2	5	—
Losses (gains) on derivative instruments	−8	−11	8	−19	−22
Amortization of deferred financing costs	1	1	1	177,000	—
Amortization of debt discounts	801,000	804,000	801,000	126,000	−230,000
Stock-based compensation	3	4	4	3	—
Credit loss expense (recovery)	53,000	−50,000	427,000	−217,000	158,000
Accounts receivable	3	562,000	9	24	−44
Inventories	−13	4	12	−15	−16
Other current assets	2	931,000	310,000	8	39
Operating leases	−7	−6	−5	−5	−4
Accounts payable and accrued expenses	−3	10	−13	21	13
Net cash provided by (used in) operating activities	13	−4	22	6	27
Additions to property and equipment	−5	−11	−30	−38	−16
Deferred purchase price payments for Eagle Alcohol	−2	−3	−4	—	—
Proceeds from sale of assets	—	400,000	—	—	—
Purchase of Kodiak Carbonic, net of cash acquired	−7	—	—	−15	—
Excess insurance proceeds	7	—	—	—	—
Net cash used in investing activities	−7	−13	−33	−38	27
Net (payments on) proceeds from Kinergys line of credit	−10	9	13	−32	18
Principal payments on term debt	−5	—	—	—	—
Stock repurchases	—	—	−4	−1	—
Debt issuance costs	—	—	−714,000	−5	—
Preferred stock dividend payments	−1	−1	−1	−1	−3
Net cash (used in) provided by financing activities	−16	8	7	19	−40
Net decrease in cash, cash equivalents and restricted cash	−11	−9	−4	−13	14
Interest paid (net of capitalized interest)	9	8	8	2	3
Capitalized interest	30,000	3	2	720,000	628,000
Income tax refunds (payments)	15,000	627,000	−324,000	−2	448,000

Filings

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