Filing Flows › Aemetis (AMTX) › Q3 2026 › vs Q2 2026
Aemetis (AMTX) Q3 2026 vs Q2 2026 (quarter over quarter)
Aemetis's revenue rose $25.5M (+41%) from $62.7M in Q2 2026 to $88.2M in Q3 2026. The biggest changes: California Dairy Renewable Natural Gas +$18.6M (+254%); India Biodiesel Segment +$5.9M (+236%); California Ethanol +$939K (+2%). Gross margin 33.4% against 21.6% (+11.9 pts).
Aemetis, Q3 2026: revenue $88.2M (+49% year over year), operating margin 23.7%, net earnings $5.2M, operating cash flow $22.0M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 33.4% | 21.6% | +11.9 pts |
| Operating margin | 23.7% | 9.2% | +14.4 pts |
| Net margin | 5.9% | -14.9% | +20.9 pts |
| Free cash flow margin | 2.0% | -16.6% | +18.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| California Ethanol | $53.8M | $52.9M | $939K | +2% |
| California Dairy Renewable Natural Gas | $25.9M | $7.3M | $18.6M | +254% |
| India Biodiesel Segment | $8.4M | $2.5M | $5.9M | +236% |
| Revenue | $88.2M | $62.7M | $25.5M | +41% |
| Gross profit | $29.5M | $13.5M | $16.0M | +118% |
| Cost of revenue | $58.7M | $49.2M | $9.5M | +19% |
| Operating profit | $20.9M | $5.8M | $15.1M | +261% |
| Operating expenses | $8.6M | $7.7M | $879K | +11% |
| Pre-tax earnings | $5.2M | −$9.4M | $14.6M | — |
| Other expense, net | $15.6M | $15.1M | $499K | +3% |
| Net earnings | $5.2M | −$9.4M | $14.6M | — |
| Income tax | $2K | $0 | $2K | — |
| Depreciation & amortization | $2.6M | $2.5M | $36K | +1% |
| Share-based compensation | $1.2M | $1.1M | $72K | +6% |
| Working capital & other | $13.0M | $3.8M | $9.1M | +240% |
| Operating cash flow | $22.0M | −$1.9M | $23.8M | — |
| Free cash flow (OCF − capex) | $1.7M | −$10.4M | $12.1M | — |
| Capital expenditures | $20.2M | $8.5M | $11.7M | +137% |
Questions
How much did Aemetis's revenue grow quarter over quarter in Q3 2026?
Aemetis's revenue rose $25.5M (+41%) from $62.7M in Q2 2026 to $88.2M in Q3 2026.
What drove Aemetis's revenue change in Q3 2026?
California Dairy Renewable Natural Gas +$18.6M (+254%); India Biodiesel Segment +$5.9M (+236%); California Ethanol +$939K (+2%).