Filing Flows › Aemetis (AMTX) › Q4 2025
Aemetis (AMTX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
Aemetis (AMTX) reported revenue of $43.3M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -27% from the quarter before. Operating margin was -5.7%, net loss $5.3M (12.3% of revenue).
Aemetis, Q4 2025: revenue $43.3M (-8% year over year), operating margin -5.7%, net loss $5.3M, operating cash flow $5.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.3M | -27% | -8% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$5.3M | — | — |
| Operating cash flow | $5.8M | +88% | — |
What changed
Revenue was $43.3M in Q4 2025, down 8% year over year and down 27% from the previous quarter.
Gross margin was 17.8%. Operating costs exceeded revenue by $2.5M, an operating margin of -5.7%. The quarter ended with a net loss of $5.3M, narrower than the previous quarter's $23.7M loss. Net interest and other expense of $14.3M was the main reason.
Operating cash flow was $5.8M. Non-cash charges added back $2.6M of depreciation and amortization and $795K of share-based compensation. Working capital and other items added $7.8M. Capital expenditures of $16.6M exceeded it, leaving free cash flow of −$10.8M.
Questions
What was Aemetis' revenue in the fourth quarter 2025?
Aemetis (AMTX) reported revenue of $43.3M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -27% from the quarter before.
Was Aemetis profitable in the fourth quarter 2025?
Operating loss was $2.5M (-5.7% of revenue) and net loss $5.3M.
Source: Aemetis 10-K on SEC EDGAR.