Alto Ingredients, Inc. (ALTO) Income Statement
ALTO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsALTO revenue and net income
Where ALTO's revenue goes
2025Each bar shows an amount and its share of revenue. ALTO kept 1.5% of revenue as net income.
ALTO profit margins
ALTO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.9% | −11.8% | +0.5% | −2.6% |
| Gross profit | +176.1% | — | −12.7% | +13.7% |
| Operating income | — | — | −6.2% | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | +24.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ALTO quarterly EPS vs estimates
Alto Ingredients beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.07).
ALTO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $917.9M | $965.3M | $1.22B | $1.34B | $1.21B | $897.0M | $1.42B | $1.52B | $1.63B | $1.62B |
| Cost of revenue | $891.1M | $955.5M | $1.21B | $1.36B | $1.14B | $844.2M | $1.43B | $1.53B | $1.63B | $1.57B |
| Gross profit | $26.8M | $9.7M | $15.7M | −$27.6M | $67.8M | $52.9M | −$9.9M | −$15.2M | $5.9M | $51.8M |
| Sales, general & admin | $27.2M | $29.7M | $31.8M | $31.6M | $29.2M | $32.0M | $35.5M | $36.4M | $31.5M | $28.3M |
| Total operating expenses | $19.7M | $61.4M | $39.5M | $33.8M | $27.7M | $43.0M | $64.7M | $36.4M | $31.5M | $28.3M |
| Operating income | $7.1M | −$51.7M | −$23.8M | −$61.4M | $40.1M | $9.9M | −$74.7M | −$51.5M | −$25.6M | $23.5M |
| Interest expense | $10.8M | $7.6M | $7.4M | $1.8M | $3.6M | $17.9M | $20.2M | $17.1M | $12.9M | $22.4M |
| Income before taxes | $12.7M | −$58.8M | −$27.9M | −$39.7M | $47.6M | −$17.3M | −$101.3M | −$68.5M | −$38.4M | $545,000 |
| Income taxes | −$621,000 | $173,000 | $97,000 | $1.9M | $1.5M | −$17,000 | −$20,000 | −$562,000 | −$321,000 | −$981,000 |
| Net income | $13.3M | −$59.0M | −$28.0M | −$41.6M | $46.1M | −$15.1M | −$88.9M | −$60.3M | −$35.0M | $1.4M |
| EBITDA | $48.7M | −$26.8M | $2.6M | −$12.8M | $74.4M | $30.9M | −$33.2M | −$10.5M | $13.2M | $57.9M |
| EPS (diluted) | $0.03 | −$0.56 | −$0.40 | −$0.56 | $0.44 | $0.01 | −$1.29 | −$1.42 | −$0.87 | $0.01 |
| Gross margin | 2.9% | 1.0% | 1.3% | −2.1% | 5.6% | 5.9% | −0.7% | −1.0% | 0.4% | 3.2% |
| Operating margin | 0.8% | −5.4% | −2.0% | −4.6% | 3.3% | 1.1% | −5.2% | −3.4% | −1.6% | 1.4% |
| Net margin | 1.5% | −6.1% | −2.3% | −3.1% | 3.8% | −1.7% | −6.2% | −4.0% | −2.1% | 0.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $245.7M | $224.7M | $232.0M | $241.0M | $218.4M | $226.5M | $236.3M | $251.8M | $236.5M | $240.6M | $273.6M | $318.1M |
| Cost of revenue | $229.1M | $207.0M | $242.5M | $211.7M | $217.8M | $226.6M | $237.7M | $245.9M | $228.9M | $243.0M | $276.1M | $314.0M |
| Gross profit | $16.6M | $17.6M | −$10.5M | $29.3M | $661,000 | −$34,000 | −$1.4M | $6.0M | $7.6M | −$2.4M | −$2.5M | $4.2M |
| Sales, general & admin | $8.0M | $6.7M | $7.3M | $14.4M | $7.2M | $7.2M | $5.3M | $7.5M | $9.0M | $7.9M | $8.4M | $8.5M |
| Total operating expenses | $8.0M | $2.8M | −$627,000 | $6.5M | $6.2M | $7.2M | $37.8M | $6.7M | $9.0M | $7.9M | $14.6M | $8.5M |
| Operating income | $8.6M | $14.8M | −$9.9M | $22.8M | −$5.5M | −$7.2M | −$39.2M | −$720,000 | −$1.4M | −$10.3M | −$17.2M | −$4.3M |
| Interest expense | $2.0M | $2.2M | $2.4M | $2.8M | $2.8M | $2.7M | $2.5M | $1.9M | $1.7M | $1.6M | $2.1M | $2.0M |
| Income before taxes | $11.7M | $4.3M | $21.2M | $14.2M | −$11.0M | −$11.7M | −$41.5M | −$2.4M | −$3.1M | −$11.7M | −$18.8M | −$3.5M |
| Income taxes | — | $312,000 | −$621,000 | $946,000 | $627,000 | $312,000 | $173,000 | −$5.7M | — | $5.7M | $97,000 | −$812,000 |
| Net income | $11.4M | $4.3M | $21.8M | $14.2M | −$11.0M | −$11.7M | −$41.7M | −$2.4M | −$3.1M | −$11.7M | −$18.9M | −$3.5M |
| EBITDA | $10.0M | $12.8M | $29.9M | $23.3M | −$1.8M | −$2.7M | −$32.5M | $5.5M | $4.6M | −$4.4M | −$11.0M | $4.2M |
| EPS (diluted) | $0.15 | −$0.10 | $0.16 | $0.19 | −$0.13 | −$0.19 | −$0.23 | $0.06 | −$0.19 | −$0.20 | −$0.26 | −$0.08 |
| Gross margin | 6.8% | 7.8% | −4.5% | 12.2% | 0.3% | −0.0% | −0.6% | 2.4% | 3.2% | −1.0% | −0.9% | 1.3% |
| Operating margin | 3.5% | 6.6% | −4.3% | 9.5% | −2.5% | −3.2% | −16.6% | −0.3% | −0.6% | −4.3% | −6.3% | −1.4% |
| Net margin | 4.6% | 1.9% | 9.4% | 5.9% | −5.0% | −5.2% | −17.6% | −1.0% | −1.3% | −4.9% | −6.9% | −1.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ALTO's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ALTO financial results
In fiscal year 2025 (ended December 31, 2025), Alto Ingredients reported revenue of $917.9 million, down 4.9% from the year before. It had net income of $13.3 million, a net profit margin of 1.5%. Diluted earnings per share came to $0.03. Over five years revenue grew at an average rate of 0.5% a year.
See the ALTO stock overview for the latest quote and news, or the ALTO chart for price history and technical indicators.
ALTO income statement FAQ
What is Alto Ingredients's annual revenue?
Alto Ingredients reported total revenue of $917.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 4.9% from $965.3 million the previous year.
Is Alto Ingredients profitable?
Yes. Alto Ingredients reported net income of $13.3 million in fiscal 2025, a net profit margin of 1.5%; its operating margin was 0.8%.
What is Alto Ingredients's gross margin?
Alto Ingredients's gross margin was 2.9% in fiscal 2025: for every $100 of revenue, Alto Ingredients kept $3 after the direct cost of its products and services.
How fast is Alto Ingredients growing?
Revenue grew 0.5% a year on average over the last five fiscal years, from $897.0 million to $917.9 million.
What are Alto Ingredients's earnings per share?
Alto Ingredients earned $0.03 per diluted share in fiscal 2025, compared with $-0.56 a year earlier.
When will Alto Ingredients report its next earnings?
Alto Ingredients is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Alto Ingredients's fiscal year end?
Alto Ingredients's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.