Financial Statements — GEVO
Balance Sheet
(in billions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.06 | 0.08 | 0.07 | 0.06 | 0.07 | 0.22 | 0.25 | 0.27 | 0.32 | 0.35 | 0.34 | 0.20 | 0.17 | 0.04 | 0.02 | 0.02 | 0.53 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.22 | 0.30 | 0.27 | 0.29 | 0.25 | -- |
| Accounts Receivable | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Assets | 0.10 | 0.12 | 0.14 | 0.17 | 0.10 | 0.24 | 0.26 | 0.28 | 0.41 | 0.43 | 0.39 | 0.43 | 0.48 | 0.34 | 0.36 | 0.33 | 0.53 |
| Property, Plant & Equipment | 0.24 | 0.36 | 0.34 | 0.34 | 0.34 | 0.22 | 0.23 | 0.23 | 0.24 | 0.20 | 0.18 | 0.17 | 0.18 | 0.16 | 0.10 | 0.08 | 0.07 |
| Goodwill | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- |
| Total Non-current Assets* | 0.39 | 0.54 | 0.55 | 0.53 | 0.57 | 0.37 | 0.36 | 0.35 | 0.26 | 0.25 | 0.30 | 0.30 | 0.29 | 0.30 | 0.31 | 0.36 | 0.08 |
| Total Assets | 0.49 | 0.65 | 0.69 | 0.70 | 0.68 | 0.60 | 0.62 | 0.63 | 0.67 | 0.67 | 0.69 | 0.73 | 0.77 | 0.64 | 0.68 | 0.69 | 0.61 |
| Accounts Payable | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 |
| Total Current Liabilities | 0.04 | 0.03 | 0.07 | 0.07 | 0.05 | 0.03 | 0.03 | 0.02 | 0.10 | 0.09 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 | 0.01 |
| Long-term Debt | 0.17 | 0.17 | 0.16 | 0.17 | 0.17 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.00 |
| Total Non-current Liabilities* | 0.17 | 0.17 | 0.14 | 0.15 | 0.15 | 0.07 | 0.07 | 0.07 | 0.00 | 0.00 | 0.07 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.00 |
| Total Liabilities | 0.21 | 0.20 | 0.21 | 0.22 | 0.20 | 0.10 | 0.10 | 0.09 | 0.10 | 0.09 | 0.10 | 0.10 | 0.11 | 0.10 | 0.12 | 0.11 | 0.01 |
| Retained Earnings | (1.03) | (0.86) | (0.83) | (0.82) | (0.82) | (0.78) | (0.76) | (0.74) | (0.70) | (0.69) | (0.67) | (0.63) | (0.59) | (0.57) | (0.54) | (0.53) | (0.51) |
| Total Stockholder Equity | 0.27 | 0.45 | 0.47 | 0.47 | 0.47 | 0.50 | 0.52 | 0.54 | 0.57 | 0.58 | 0.59 | 0.62 | 0.66 | 0.53 | 0.56 | 0.58 | 0.60 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 46.50 | 42.95 | 45.35 | 42.71 | 43.41 | 29.11 | 5.70 | 1.97 | 5.26 | 3.99 | 4.37 | 4.53 | 4.24 | 4.06 | 0.55 | 0.31 | 0.09 | 0.23 | 0.05 | 0.12 |
| Cost of Revenue* | 26.70 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.90 | 3.73 | 4.18 | 3.90 | 3.48 |
| Gross Profit | 19.80 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (3.59) | (3.64) | (3.95) | (3.84) | (3.34) |
| Research & Development | 0.44 | 1.50 | 1.29 | 1.27 | 0.93 | 1.05 | 1.27 | 1.11 | 1.64 | 1.55 | 1.92 | 1.56 | 1.96 | 1.20 | 2.71 | 1.56 | 1.97 | 1.19 | 2.45 | 1.54 |
| Selling, General & Admin | 12.88 | 16.22 | 17.69 | 11.65 | 10.78 | 11.08 | 10.46 | 11.68 | 11.51 | 12.15 | 10.74 | 10.52 | 10.61 | 10.76 | 10.74 | 11.14 | 9.21 | 9.37 | 7.47 | 9.34 |
| Total Operating Expenses | 191.51 | -- | -- | -- | 35.32 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 40.08 | 12.48 | 12.01 | 12.64 | 11.37 |
| Operating Income | (171.71) | (4.90) | (2.18) | (3.69) | 5.80 | (20.14) | (19.65) | (24.01) | (24.03) | (23.14) | (21.34) | (20.73) | (18.91) | (20.86) | (26.95) | (43.67) | (16.11) | (15.95) | (16.48) | (14.71) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.54 | 0.55 | 0.54 | 0.54 | 0.54 | 0.45 | 0.71 | 0.00 | 0.00 | (1.25) | 0.80 |
| Pretax Income* | (176.94) | (21.70) | -- | (7.95) | 2.14 | (21.73) | -- | (21.16) | (21.00) | (18.87) | -- | (15.70) | -- | -- | -- | -- | -- | -- | -- | (14.38) |
| Tax Provision | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- | 0.00 |
| Net Income | (176.94) | (21.70) | (6.30) | (7.95) | 2.14 | (21.73) | (17.61) | (21.16) | (21.00) | (18.87) | (18.48) | (15.70) | (14.42) | (17.62) | (25.39) | (43.79) | (13.16) | (15.67) | (16.51) | (14.38) |
| Basic EPS | (0.75) | (0.09) | (0.03) | (0.03) | 0.01 | (0.09) | (0.08) | (0.09) | (0.09) | (0.08) | (0.08) | (0.07) | (0.06) | (0.07) | (0.11) | (0.19) | (0.06) | (0.08) | -- | -- |
| Diluted EPS | (0.75) | (0.09) | (0.03) | (0.03) | 0.01 | (0.09) | (0.08) | (0.09) | (0.09) | (0.08) | (0.08) | (0.07) | (0.06) | (0.07) | (0.11) | (0.19) | (0.06) | (0.08) | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (8.27) | (21.14) | 19.95 | (6.79) | (2.52) | (24.05) | (18.84) | (11.02) | (11.44) | (16.08) | (32.59) | 8.25 | (9.93) | (19.45) | (15.84) | (19.66) | (4.65) | (12.46) | (14.84) | (9.22) |
| Capital Expenditures | 12.49 | 8.88 | 11.21 | 7.83 | 5.24 | 5.83 | 14.63 | 9.75 | 9.20 | 17.51 | (6.96) | 32.28 | 17.70 | 11.43 | 7.24 | 22.37 | 14.95 | 31.22 | 41.82 | 33.12 |
| Free Cash Flow* | (20.77) | (30.01) | 8.75 | (14.62) | (7.76) | (29.88) | (33.47) | (20.77) | (20.64) | (33.59) | (25.63) | (24.02) | (27.64) | (30.88) | (23.08) | (42.03) | (19.60) | (43.68) | (56.66) | (42.34) |
| Investing Cash Flow | (12.49) | (9.12) | (9.21) | (7.83) | (5.24) | (204.29) | (14.63) | (10.48) | (9.20) | (17.51) | 6.96 | (32.35) | 15.34 | 124.18 | 48.52 | 53.22 | (16.21) | 7.86 | 16.36 | 8.54 |
| Financing Cash Flow | 0.01 | (7.77) | (2.18) | (3.91) | (0.27) | 104.24 | (0.37) | (0.94) | (4.60) | (1.45) | (0.04) | (0.05) | (0.04) | (0.06) | 4.26 | (4.27) | 138.92 | (0.35) | (1.66) | (8.34) |
* Derived from reported values