Filing Flows › Aemetis (AMTX) › Q3 2026 › vs Q3 2025
Aemetis (AMTX) Q3 2026 vs Q3 2025 (year over year)
Aemetis's revenue rose $29.0M (+49%) from $59.2M in Q3 2025 to $88.2M in Q3 2026. The biggest changes: California Dairy Renewable Natural Gas +$21.9M (+549%); California Ethanol +$13.1M (+32%); India Biodiesel Segment −$6.0M (-42%). Operating margin 23.7% against -14.4% (+38.0 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 23.7% | -14.4% | +38.0 pts |
| Net margin | 5.9% | -40.1% | +46.0 pts |
| Free cash flow margin | 2.0% | -1.7% | +3.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| California Ethanol | $53.8M | $40.7M | $13.1M | +32% |
| California Dairy Renewable Natural Gas | $25.9M | $4.0M | $21.9M | +549% |
| India Biodiesel Segment | $8.4M | $14.5M | −$6.0M | -42% |
| Revenue | $88.2M | $59.2M | $29.0M | +49% |
| Cost of revenue | $58.7M | $59.2M | −$568K | -1% |
| Operating profit | $20.9M | −$8.5M | $29.4M | — |
| Pre-tax earnings | $5.2M | −$23.7M | $29.0M | — |
| Other expense, net | $15.6M | $15.2M | $406K | +3% |
| Net earnings | $5.2M | −$23.7M | $29.0M | — |
| Income tax | $2K | $6K | −$4K | -67% |
| Depreciation & amortization | $2.6M | $2.3M | $243K | +10% |
| Share-based compensation | $1.2M | $1.3M | −$92K | -7% |
| Working capital & other | $13.0M | $23.2M | −$10.2M | -44% |
| Operating cash flow | $22.0M | $3.1M | $18.9M | +616% |
| Free cash flow (OCF − capex) | $1.7M | −$1.0M | $2.8M | — |
| Capital expenditures | $20.2M | $4.1M | $16.1M | +394% |
Questions
How much did Aemetis's revenue grow year over year in Q3 2026?
Aemetis's revenue rose $29.0M (+49%) from $59.2M in Q3 2025 to $88.2M in Q3 2026.
What drove Aemetis's revenue change in Q3 2026?
California Dairy Renewable Natural Gas +$21.9M (+549%); California Ethanol +$13.1M (+32%); India Biodiesel Segment −$6.0M (-42%).