)
Aemetis (AMTX) investor relations material
Aemetis Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached $59.2 million, up $7 million sequentially, driven by India biodiesel and improved ethanol pricing and production in California, with operations spanning California Ethanol, California Dairy RNG, and India Biodiesel, plus SAF, renewable diesel, and carbon capture projects.
Focused on energy efficiency, carbon intensity reduction, and expansion of renewable fuel production and infrastructure, with significant investments in digesters, pipeline, and plant upgrades.
Operating loss narrowed sequentially, but Q3 2025 net loss was $23.7 million, compared to $17.9 million in Q3 2024.
Cash at quarter end was $5.6 million, up from $0.9 million at year-end 2024, after $4.1 million invested in carbon intensity reduction and RNG expansion.
Financial highlights
Q3 2025 revenue was $59.2 million, down from $81.4 million in Q3 2024 but up $7 million from Q2 2025; nine-month revenue was $154.3 million, down 30% year-over-year.
Gross loss for Q3 2025 was $58 thousand, compared to a $3.9 million gross profit in Q3 2024.
California Dairy RNG generated $4 million in Q3 2025 from 12 digesters, with 7 using CARB-approved LCFS pathways.
India Biodiesel contributed $14.5 million in Q3 2025 revenue, primarily from new OMC allocations.
Cash and cash equivalents at September 30, 2025, were $5.6 million.
Outlook and guidance
Multiple income streams from India, LCFS credits, and federal tax incentives expected to ramp up in Q4, positioning for a strong year-end and increased 45(z) income in 2026.
Anticipates strong positive cash flow in Q4 2025 and expanding in 2026 as new RNG projects come online and LCFS credit prices rise.
India subsidiary IPO targeted for early 2026, with plans to sell 20-25% at a valuation between $100M-$300M.
Plans to optimize plant operations, reduce natural gas use, and monetize new Section 45Z tax credits for both ethanol and RNG.
Substantial doubt remains about ability to continue as a going concern due to high debt and negative cash flow.
Next Aemetis earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)