Gevo, Inc.

Listed Company

GEVOCIK 0001392380NasdaqNon-AcceleratedSmaller ReportingIndustrial Organic ChemicalsDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-33.84M

Total Assets

$718.93M

Equity

$466.34M

Shares Out

242.82M

Op. Cash Flow

$-13.40M

Business

Gevo, Inc. develops and operates technologies to produce renewable, drop-in hydrocarbon fuels and related low‑carbon products from carbohydrate feedstocks. It produces sustainable aviation fuel (SAF), renewable natural gas (RNG), alcohol intermediates (ethanol, isobutanol), hydrocarbons for motor fuels and chemicals, and traceability software through its Verity subsidiary. Gevo organizes operations principally into two segments: GevoFuels (Alcohol‑to‑Jet/SAF development and plant construction) and GevoRNG (anaerobic digestion and RNG production). Its products and services are sold and distributed primarily in U.S. markets and into regulatory credit markets, with technology and designs intended for broader global deployment.

Summary from filing dated 2025-03-27

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
Total revenues	161	17	17	1	533,000
Cost of production	85	12	12	9	8
Depreciation, amortization and accretion	25	18	—	—	—
Research and development expense	5	6	7	7	7
General and administrative expense	51	46	43	40	25
Project development costs	12	18	15	10	11
Acquisition related costs	4	5	—	—	—
Facility idling costs	1	3	4	5	0
Gain on disposal of assets, net	−3	—	—	—	—
Total operating expenses	181	108	99	104	61
Loss from operations	−20	−91	−82	−103	−60
Interest expense	−18	−4	−2	—	—
Interest and investment income	5	16	19	3	571,000
Other income, net	34,000	323,000	−1	2	104,000
Total other (expense) income, net	−12	12	16	5	1
Net loss	−33	−79	—	—	—
Net income attributable to redeemable non-controlling interest	1	—	—	—	—
Net loss attributed to Gevo, Inc.	−34	−79	−66	−98	−59
Net loss per share - basic (in dollars per share)	−0.14	−0.34	−0.28	−0.44	−0.3
Net loss per share - diluted (in dollars per share)	−0.14	−0.34	−0.28	−0.44	−0.3
Weighted-average common shares outstanding - basic (in shares)	234	232	239	222	196
Weighted-average common shares outstanding - diluted (in shares)	234	232	239	222	196

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	81	189	298	237	41
Restricted cash	29	1	77	—	25
Trade accounts receivable, net	8	2	3	476,000	978,000
Inventories	19	5	4	6	3
Prepaid expenses and other current assets	6	6	4	3	4
Total current assets	143	204	386	415	349
Property, plant and equipment, net	354	222	212	185	138
Restricted cash	7	68	—	—	70
Operating right-of-use assets	2	1	1	1	2
Finance right-of-use assets	430,000	2	210,000	219,000	236,000
Intangible assets, net	95	8	—	—	—
Goodwill	44	4	—	—	—
Deposits and other assets	74	76	44	14	13
Total assets	719	584	650	701	645
Accounts payable and accrued liabilities	37	22	23	25	28
Deferred clean fuel production tax credits	41	—	—	—	—
Operating lease liabilities	689,000	333,000	532,000	438,000	772,000
Finance lease liabilities	273,000	2	45,000	79,000	11,000
Loans payable	—	21,000	—	—	—
Total current liabilities	79	24	91	25	29
Bonds payable, net	64	67	—	67	66
Loans payable	101	—	—	—	—
Operating lease liabilities	1	966,000	1	1	2
Finance lease liabilities	394,000	187,000	187,000	183,000	242,000
Asset retirement obligation	2	—	—	—	—
Other long-term liabilities	365,000	2	—	820,000	87,000
Total liabilities	248	94	93	95	98
Redeemable non-controlling interest	5	—	—	—	—
Common stock, $0.01 par value per share; 500,000,000 shares authorized; 242,464,470 and 239,176,293 shares issued and outstanding at December 31, 2025, and December 31, 2024, respectively.	2	2	2	2	2
Additional paid-in capital	1,298	1,287	1,277	1,260	1,103
Accumulated deficit	−834	−800	−722	−655	−557
Total stockholders' equity	466	489	557	605	547
Total liabilities and stockholders' equity	719	584	650	701	645

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
Stock-based compensation	9	15	17	17	10
Production tax credits generated	−52	—	—	—	—
Amortization of deferred financing costs	2	—	—	—	—
Lease Amortization	2	—	—	—	—
Other non-cash expense	1	2	908,000	877,000	89,000
Accounts receivable	−1	417,000	−2	502,000	−257,000
Inventories	−4	−706,000	670,000	−2	−259,000
Prepaid expenses and other current assets, deposits and other assets	−7	−19	−26	−3	−13
Accounts payable, accrued expenses and non-current liabilities	5	5	3	4	−271,000
Deferred clean fuel production tax credits	41	—	—	—	—
Net cash used in operating activities	−13	−57	−54	−44	−48
Acquisitions of property, plant and equipment	−30	−51	−54	−84	−57
Acquisition of Red Trail Energy, net of cash acquired	−198	—	—	—	—
Proceeds from sale of Agri-Energy assets	2	—	—	—	—
Proceeds from sale of investment tax credit	—	15	—	—	—
Payment of earnest money deposit	—	−10	—	—	—
Acquisition of CultivateAI, net of cash acquired	—	−6	—	—	—
Net cash used in investing activities	−227	−52	114	85	−411
Proceeds from issuance of bonds	40	68	—	—	—
Redemption of bonds	−40	−68	—	—	—
Loan proceeds	105	—	—	—	—
Payment of debt issuance costs	−10	−2	—	—	—
Non-controlling interest	5	—	—	—	—
Distribution to non-controlling interest	−1	—	—	—	—
Proceeds from the exercise of warrants	—	49,000	—	3,000	1
Proceeds from the exercise of stock options	798,000	—	—	—	—
Payment of loans payable	−21,000	−130,000	−167,000	−150,000	−154,000
Payment of finance lease liabilities	−2	−906,000	−22,000	−12,000	−15,000
Repurchases of common stock	—	−5	—	—	—
Net cash provided by (used in) financing activities	98	−7	−189,000	139	517
Net decrease in cash and cash equivalents	−142	−117	60	179	58
Cash paid for interest, net of amounts capitalized	13	2	1	522,000	−806,000
Capitalized interest included in property, plant and equipment	114,000	—	—	—	1
Non-cash purchase of property, plant and equipment	6	3	8	14	20
Right-of-use asset purchased with financing leases	202,000	3	—	0	245,000
Right-of-use asset purchased with operating lease	148,000	32,000	199,000	0	2

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro