Filing Flows › Alto Ingredients (ALTO) › Q3 2026
Alto Ingredients (ALTO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Alto Ingredients (ALTO) reported revenue of $258M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +5% from the quarter before. Operating margin was 2.7%, net earnings $13.0M (5.0% of revenue).
Alto Ingredients, Q3 2026: revenue $258M (+7% year over year), operating margin 2.7%, net earnings $13.0M, operating cash flow $12.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $258M | +5% | +7% |
| Gross profit | $14.8M | -11% | -37% |
| Operating profit | $7.0M | -19% | -59% |
| Net earnings | $13.0M | +11% | -8% |
| Operating cash flow | $12.9M | -55% | -44% |
| Free cash flow | $8.5M | -53% | -60% |
What changed
Revenue was $257.9M in Q3 2026, up 7% year over year and up 5% from the previous quarter.
Gross margin was 5.7%, down 4.0 points from Q3 2025. Operating profit was $7.0M, a 2.7% margin (down 4.3 points year over year). Operating profit fell $10.0M even though revenue rose $16.9M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 20% against revenue growth of 7%. Net earnings were $13.0M, down 8% year over year. The effective tax rate was 0.0%. Non-operating items added $6.0M, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $12.9M (down 44% year over year), 99% of net earnings. Non-cash charges added back $6.7M of depreciation and amortization and $908K of share-based compensation. Working capital and other items used $7.8M. Capital expenditures of $4.4M left free cash flow of $8.5M.
Questions
What was Alto Ingredients' revenue in the third quarter 2026?
Alto Ingredients (ALTO) reported revenue of $258M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +5% from the quarter before.
Was Alto Ingredients profitable in the third quarter 2026?
Operating profit was $7.0M (2.7% of revenue) and net earnings $13.0M.
Source: Alto Ingredients 10-Q on SEC EDGAR.