Filing Flows › Gevo (GEVO) › Q3 2025
Gevo (GEVO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Gevo (GEVO) reported revenue of $42.7M for the third quarter 2025 (Q3 2025), up 22-fold from a year earlier and -2% from the quarter before. Operating margin was -8.6%, net loss $7.6M (17.7% of revenue).
Gevo, Q3 2025: revenue $42.7M (22× year over year), operating margin -8.6%, net loss $7.6M, operating cash flow −$6.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.7M | -2% | 22× |
| Operating profit | −$3.7M | -164% | — |
| Net earnings | −$7.6M | -453% | — |
| Operating cash flow | −$6.8M | — | — |
What changed
Revenue was $42.7M in Q3 2025, up 2074% year over year and down 2% from the previous quarter. Ethanol was the largest line at 71% of revenue. Environmental attributes added $1.9M year over year (up 109%), 5% of the total change.
Operating costs exceeded revenue by $3.7M, an operating margin of -8.6%. Total costs grew 79% against revenue growth of 2074%. The fastest-growing cost line was Cost of revenue (+776%). The quarter ended with a net loss of $7.6M, after a profit of $2.7M the previous quarter. Net interest and other expense of $3.9M was the main reason.
Operating cash flow was −$6.8M. Non-cash charges added back $7.4M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $9.0M. Capital expenditures of $7.8M exceeded it, leaving free cash flow of −$14.6M.
Questions
What was Gevo's revenue in the third quarter 2025?
Gevo (GEVO) reported revenue of $42.7M for the third quarter 2025 (Q3 2025), up 22-fold from a year earlier and -2% from the quarter before.
Was Gevo profitable in the third quarter 2025?
Operating loss was $3.7M (-8.6% of revenue) and net loss $7.6M.
Source: Gevo 10-Q on SEC EDGAR.