Gevo, Inc. (GEVO) Income Statement
GEVO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGEVO revenue and net income
Where GEVO's revenue goes
2025Each bar shows an amount and its share of revenue. GEVO kept −21.1% of revenue as net income.
GEVO profit margins
GEVO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +849.3% | +415.1% | +96.1% | +18.7% |
| Gross profit | +888.0% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GEVO quarterly EPS vs estimates
Gevo beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.04).
GEVO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $160.6M | $16.9M | $17.2M | $1.2M | $533,000 | $5.5M | $24.5M | $32.9M | $27.3M | $26.5M |
| Cost of revenue | $112.0M | $12.0M | $12.0M | $8.7M | $7.7M | $15.0M | $36.7M | $41.6M | $38.2M | $37.0M |
| Gross profit | $48.5M | $4.9M | $5.2M | −$7.5M | −$7.2M | −$9.5M | −$12.3M | −$8.7M | −$10.9M | −$10.5M |
| Research & development | $4.5M | $23.7M | $6.6M | $17.5M | $17.4M | $3.5M | $4.0M | $5.4M | $5.2M | $5.2M |
| Sales, general & admin | $51.2M | $45.8M | $57.4M | $39.9M | $25.5M | $12.5M | $10.1M | $8.1M | $7.5M | $9.0M |
| Total operating expenses | $67.4M | $95.7M | $87.0M | $95.2M | $53.1M | $17.5M | $14.1M | $13.5M | $12.4M | $13.5M |
| Operating income | −$18.9M | −$90.8M | −$81.8M | −$102.7M | −$60.3M | −$27.0M | −$26.4M | −$22.2M | −$23.3M | −$24.0M |
| Interest income | $5.1M | $15.7M | $19.1M | $3.5M | $571,000 | $102,000 | $2.3M | $3.6M | $3.9M | $8.5M |
| Interest expense | $17.6M | $3.9M | $2.2M | $1.2M | $251,000 | $2.1M | $2.7M | $3.2M | $3.0M | $7.8M |
| Income before taxes | −$32.6M | −$78.6M | −$66.2M | −$98.0M | −$59.2M | −$40.2M | −$28.7M | −$28.0M | −$24.6M | −$37.2M |
| Income taxes | — | — | $18.8M | $20.6M | $177,000 | −$1.0M | $2.7M | −$2.5M | $3.0M | $6.5M |
| Net income | −$33.8M | −$78.6M | −$66.2M | −$98.0M | −$59.2M | −$40.2M | −$28.7M | −$28.0M | −$24.6M | −$37.2M |
| EBITDA | $10.3M | −$56.5M | −$45.0M | −$89.0M | −$53.8M | −$32.2M | −$19.3M | −$18.2M | −$15.0M | −$22.6M |
| EPS (diluted) | −$0.13 | −$0.35 | −$0.28 | −$0.44 | −$0.29 | −$1.26 | −$2.39 | −$11.07 | −$30.20 | −$166.60 |
| Gross margin | 30.2% | 29.0% | 30.3% | −640.3% | −1,342.2% | −171.0% | −50.2% | −26.5% | −39.8% | −39.5% |
| Operating margin | −11.7% | −536.9% | −475.8% | −8,739.2% | −11,307.3% | −487.0% | −107.8% | −67.6% | −85.3% | −90.4% |
| Net margin | −21.1% | −464.9% | −385.0% | −8,341.0% | −11,107.5% | −725.9% | −117.2% | −85.1% | −90.2% | −140.3% |
| 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 | $46.5M | $42.9M | $45.3M | $42.7M | $43.4M | $29.1M | $5.7M | $2.0M | $5.3M | $4.0M | $4.4M | $4.5M |
| Cost of revenue | $26.7M | $20.2M | $24.2M | $30.2M | $17.3M | $21.4M | $3.4M | $2.5M | $3.4M | $2.6M | $3.2M | $2.5M |
| Gross profit | $19.8M | $22.7M | $21.1M | $12.5M | $26.1M | $7.7M | $2.3M | −$579,000 | $1.8M | $1.4M | $1.2M | $2.0M |
| Research & development | $440,000 | $4.5M | $3.9M | $1.3M | $934,000 | $1.1M | $208,000 | $1.1M | $1.6M | $1.5M | $1.9M | $1.6M |
| Sales, general & admin | $12.9M | $16.2M | $17.7M | $11.6M | $10.8M | $11.1M | $10.5M | $11.7M | $19.2M | $17.5M | $14.8M | $15.3M |
| Total operating expenses | $191.5M | $27.6M | $26.5M | $16.1M | $20.4M | $27.8M | $21.9M | $23.4M | $25.9M | $24.5M | $22.6M | $22.8M |
| Operating income | −$171.7M | −$4.9M | −$5.4M | −$3.6M | $5.8M | −$20.1M | −$19.6M | −$24.0M | −$24.0M | −$23.1M | −$21.3M | −$20.7M |
| Interest income | $630,000 | $813,000 | $1.0M | $988,000 | $1.3M | $1.8M | $3.2M | $3.8M | $4.1M | $4.6M | $5.0M | $5.3M |
| Interest expense | $5.6M | $5.2M | $4.7M | $5.2M | $4.3M | $3.3M | $1.1M | $1.1M | $1.1M | $542,000 | $546,000 | $540,000 |
| Income before taxes | −$176.3M | −$21.4M | −$6.0M | −$7.6M | $2.7M | −$21.8M | −$17.6M | −$21.2M | −$21.0M | −$18.9M | −$18.5M | −$15.7M |
| Income taxes | — | — | $540,000 | — | — | — | — | — | — | $4.4M | $1 | $5.0M |
| Net income | −$176.9M | −$21.7M | −$6.3M | −$8.0M | $2.1M | −$21.7M | −$17.6M | −$21.2M | −$21.0M | −$18.9M | −$18.5M | −$15.7M |
| EBITDA | −$163.8M | −$9.3M | $3.8M | $5.0M | $13.9M | −$12.9M | −$10.4M | −$16.6M | −$15.6M | −$13.9M | −$13.2M | −$10.2M |
| EPS (diluted) | −$0.01 | −$0.03 | −$0.02 | −$0.03 | $0.01 | −$0.09 | −$0.09 | −$0.09 | −$0.09 | −$0.08 | −$0.08 | −$0.07 |
| Gross margin | 42.6% | 52.9% | 46.5% | 29.4% | 60.2% | 26.3% | 39.5% | −29.5% | 34.9% | 35.2% | 27.9% | 45.2% |
| Operating margin | −369.3% | −11.4% | −11.8% | −8.4% | 13.4% | −69.2% | −344.7% | −1,221.8% | −456.8% | −580.0% | −487.8% | −457.7% |
| Net margin | −380.5% | −50.5% | −13.9% | −18.6% | 4.9% | −74.6% | −308.9% | −1,076.6% | −399.3% | −473.1% | −422.4% | −346.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GEVO's financial statements (latest annual report filed March 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GEVO financial results
In fiscal year 2025 (ended December 31, 2025), Gevo reported revenue of $160.6 million, up 849.3% from the year before. It had a net loss of $33.8 million, a net profit margin of −21.1%. Diluted earnings per share came to −$0.13. Over five years revenue grew at an average rate of 96.1% a year.
See the GEVO stock overview for the latest quote and news, or the GEVO chart for price history and technical indicators.
GEVO income statement FAQ
What is Gevo's annual revenue?
Gevo reported total revenue of $160.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 849.3% from $16.9 million the previous year.
Is Gevo profitable?
No. Gevo reported a net loss of $33.8 million in fiscal 2025, a net profit margin of −21.1%; its operating margin was −11.7%.
What is Gevo's gross margin?
Gevo's gross margin was 30.2% in fiscal 2025: for every $100 of revenue, Gevo kept $30 after the direct cost of its products and services.
How much does Gevo spend on research and development?
Gevo spent $4.5 million on research and development in fiscal 2025, 2.8% of revenue.
How fast is Gevo growing?
Revenue grew 96.1% a year on average over the last five fiscal years, from $5.5 million to $160.6 million.
What are Gevo's earnings per share?
Gevo earned $-0.13 per diluted share in fiscal 2025, compared with $-0.35 a year earlier.
When will Gevo report its next earnings?
Gevo is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Gevo's fiscal year end?
Gevo's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 5, 2026.