Filing Flows › Gevo (GEVO) › Q1 2026
Gevo (GEVO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Gevo (GEVO) reported revenue of $42.9M for the first quarter 2026 (Q1 2026), +48% from a year earlier and -5% from the quarter before. Operating margin was -11.4%, net loss $21.4M (49.7% of revenue).
Gevo, Q1 2026: revenue $42.9M (+48% year over year), operating margin -11.4%, net loss $21.4M, operating cash flow −$21.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.9M | -5% | +48% |
| Operating profit | −$4.9M | — | — |
| Net earnings | −$21.4M | — | — |
| Operating cash flow | −$21.1M | -206% | — |
What changed
Revenue was $42.9M in Q1 2026, up 48% year over year and down 5% from the previous quarter. Ethanol was the largest line at 67% of revenue. Ethanol added $11.4M year over year (up 66%), 82% of the total change. Other declined 42%.
Operating costs exceeded revenue by $4.9M, an operating margin of -11.4%. Total costs fell 3% while revenue rose 48%. The fastest-growing cost line was General & admin (+46%). The quarter ended with a net loss of $21.4M, wider than the previous quarter's $6.0M loss. Net interest and other expense of $16.5M was the main reason.
Operating cash flow was −$21.1M. Non-cash charges added back $6.9M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $8.8M. Capital expenditures of $8.9M exceeded it, leaving free cash flow of −$30.0M.
Questions
What was Gevo's revenue in the first quarter 2026?
Gevo (GEVO) reported revenue of $42.9M for the first quarter 2026 (Q1 2026), +48% from a year earlier and -5% from the quarter before.
Was Gevo profitable in the first quarter 2026?
Operating loss was $4.9M (-11.4% of revenue) and net loss $21.4M.
Source: Gevo 10-Q on SEC EDGAR.