Filing Flows › Alto Ingredients (ALTO) › Q3 2025
Alto Ingredients (ALTO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Alto Ingredients (ALTO) reported revenue of $241M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +10% from the quarter before. Operating margin was 7.0%, net earnings $14.2M (5.9% of revenue).
Alto Ingredients, Q3 2025: revenue $241M (-4% year over year), operating margin 7.0%, net earnings $14.2M, operating cash flow $22.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $241M | +10% | -4% |
| Gross profit | $23.5M | — | +294% |
| Operating profit | $17.0M | — | — |
| Net earnings | $14.2M | — | — |
| Operating cash flow | $22.8M | — | +23% |
| Free cash flow | $21.2M | — | +17% |
What changed
Revenue was $241.0M in Q3 2025, down 4% year over year and up 10% from the previous quarter.
Gross margin was 9.7%, up 7.4 points from a year earlier. Operating profit was $17.0M, a 7.0% margin (up 7.3 points year over year). Operating expenses fell 2% while revenue fell 4%. Net earnings were $14.2M. The effective tax rate was 0.0%.
Operating cash flow was $22.8M (up 23% year over year), 160% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $706K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $1.6M left free cash flow of $21.2M.
Questions
What was Alto Ingredients' revenue in the third quarter 2025?
Alto Ingredients (ALTO) reported revenue of $241M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +10% from the quarter before.
Was Alto Ingredients profitable in the third quarter 2025?
Operating profit was $17.0M (7.0% of revenue) and net earnings $14.2M.
Source: Alto Ingredients 10-Q on SEC EDGAR.