Filing Flows › Aemetis (AMTX) › Q3 2025
Aemetis (AMTX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Aemetis (AMTX) reported revenue of $59.2M for the third quarter 2025 (Q3 2025), -27% from a year earlier and +13% from the quarter before. Operating margin was -14.4%, net loss $23.7M (40.1% of revenue).
Aemetis, Q3 2025: revenue $59.2M (-27% year over year), operating margin -14.4%, net loss $23.7M, operating cash flow $3.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.2M | +13% | -27% |
| Operating profit | −$8.5M | — | — |
| Net earnings | −$23.7M | — | — |
| Operating cash flow | $3.1M | — | — |
What changed
Revenue was $59.2M in Q3 2025, down 27% year over year and up 13% from the previous quarter. California Ethanol was the largest line at 69% of revenue. India Biodiesel lost $17.8M year over year (down 55%), 80% of the total change.
Operating costs exceeded revenue by $8.5M, an operating margin of -14.4%. The quarter ended with a net loss of $23.7M, wider than the previous quarter's $23.4M loss. Net interest and other expense of $15.2M was the main reason.
Operating cash flow was $3.1M. Non-cash charges added back $2.3M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $23.2M. Capital expenditures of $4.1M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Aemetis' revenue in the third quarter 2025?
Aemetis (AMTX) reported revenue of $59.2M for the third quarter 2025 (Q3 2025), -27% from a year earlier and +13% from the quarter before.
Was Aemetis profitable in the third quarter 2025?
Operating loss was $8.5M (-14.4% of revenue) and net loss $23.7M.
Source: Aemetis 10-Q on SEC EDGAR.