Gevo Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Gevo Inc has an operating margin of -536.9%, meaning the company retains $-537 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -475.8% the prior year.
Gevo Inc's revenue declined 1.7% year-over-year, from $17.2M to $16.9M. This contraction results in a growth score of 24/100.
Gevo Inc carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.36, Gevo Inc holds $8.36 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Gevo Inc generated -$57.4M in operating cash flow, capex of $51.1M consumed most of it, leaving -$108.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Gevo Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Gevo Inc generates $0.73 in operating cash flow (-$57.4M OCF vs -$78.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Gevo Inc earns $-23.4 in operating income for every $1 of interest expense (-$90.8M vs $3.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Gevo Inc (GEVO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Gevo Inc generated $16.9M in revenue in fiscal year 2024. This represents a decrease of 1.7% from the prior year.
Gevo Inc's EBITDA was -$72.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 15.4% from the prior year.
Gevo Inc generated -$108.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 0.3% from the prior year.
Gevo Inc reported -$78.6M in net income in fiscal year 2024. This represents a decrease of 18.8% from the prior year.
Gevo Inc earned $-0.34 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 21.4% from the prior year.
Gevo Inc held $189.4M in cash against $67.1M in long-term debt as of fiscal year 2024.
Gevo Inc had 239M shares outstanding in fiscal year 2024. This represents a decrease of 0.6% from the prior year.
Gevo Inc's gross margin was 29.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.
Gevo Inc's operating margin was -536.9% in fiscal year 2024, reflecting core business profitability. This is down 61.2 percentage points from the prior year.
Gevo Inc's net profit margin was -464.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 79.9 percentage points from the prior year.
Gevo Inc invested $5.6M in research and development in fiscal year 2024. This represents a decrease of 16.0% from the prior year.
Gevo Inc spent $4.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Gevo Inc invested $51.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 6.2% from the prior year.
GEVO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $42.7M-1.6% | $43.4M+49.1% | $29.1M+410.7% | $5.7M+8.4% | $5.3M+31.8% | $4.0M-8.8% | $4.4M-3.4% | $4.5M |
| Cost of Revenue | $22.3M+29.1% | $17.3M-19.5% | $21.4M+522.0% | $3.4M+0.7% | $3.4M+32.3% | $2.6M-18.0% | $3.2M+27.2% | $2.5M |
| Gross Profit | $20.4M-21.9% | $26.1M+241.2% | $7.7M+240.3% | $2.3M+22.6% | $1.8M+30.9% | $1.4M+15.1% | $1.2M-40.5% | $2.0M |
| R&D Expenses | $1.3M+36.3% | $934K-11.2% | $1.1M-17.4% | $1.3M-22.4% | $1.6M+6.0% | $1.5M-19.4% | $1.9M+23.3% | $1.6M |
| SG&A Expenses | $11.6M+8.0% | $10.8M-2.7% | $11.1M+6.0% | $10.5M-9.2% | $11.5M-5.2% | $12.2M+13.2% | $10.7M+2.0% | $10.5M |
| Operating Income | -$3.7M-163.7% | $5.8M+128.8% | -$20.1M-2.5% | -$19.6M+18.2% | -$24.0M-3.8% | -$23.1M-8.5% | -$21.3M-2.9% | -$20.7M |
| Interest Expense | $5.2M+19.8% | $4.3M+31.9% | $3.3M+194.9% | $1.1M+0.4% | $1.1M+105.4% | $542K-0.7% | $546K+1.1% | $540K |
| Income Tax | N/A | N/A | $0 | N/A | N/A | $0 | N/A | N/A |
| Net Income | -$8.0M-471.0% | $2.1M+109.9% | -$21.7M-23.4% | -$17.6M+16.2% | -$21.0M-11.3% | -$18.9M-2.2% | -$18.5M-17.7% | -$15.7M |
| EPS (Diluted) | $-0.03-400.0% | $0.01+111.1% | $-0.09-12.5% | $-0.08+11.1% | $-0.09-12.5% | $-0.080.0% | $-0.08-14.3% | $-0.07 |
GEVO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $685.2M-2.4% | $702.1M+3.6% | $677.8M+16.1% | $583.9M-5.5% | $617.9M-2.5% | $633.6M-2.6% | $650.3M-2.9% | $669.5M |
| Current Assets | $136.7M-19.8% | $170.4M+64.1% | $103.9M-49.0% | $203.7M-21.1% | $258.1M-8.6% | $282.3M-26.9% | $386.4M-6.0% | $411.2M |
| Cash & Equivalents | $72.6M+26.8% | $57.3M-12.3% | $65.3M-65.5% | $189.4M-22.9% | $245.7M-9.2% | $270.6M-27.9% | $375.6M+16.1% | $323.5M |
| Inventory | $21.9M+29.4% | $16.9M+0.9% | $16.8M+272.9% | $4.5M+30.7% | $3.4M-8.4% | $3.8M-1.2% | $3.8M+3.3% | $3.7M |
| Accounts Receivable | $7.7M-29.8% | $11.0M-6.1% | $11.7M+387.2% | $2.4M+5.7% | $2.3M-8.3% | $2.5M-5.1% | $2.6M+17.0% | $2.2M |
| Goodwill | $43.6M0.0% | $43.6M+4.7% | $41.6M+1012.4% | $3.7M | N/A | N/A | N/A | N/A |
| Total Liabilities | $210.4M-5.4% | $222.3M+9.5% | $203.0M+114.9% | $94.5M-0.8% | $95.2M+3.9% | $91.6M-1.4% | $92.9M-5.2% | $98.0M |
| Current Liabilities | $71.7M-2.1% | $73.2M+43.6% | $51.0M+109.3% | $24.4M-3.5% | $25.3M+14.4% | $22.1M-75.9% | $91.4M-5.1% | $96.4M |
| Long-Term Debt | $134.2M-3.9% | $139.6M-5.1% | $147.1M+119.2% | $67.1M+0.6% | $66.7M-2.1% | $68.2M+324447.6% | $21K-61.1% | $54K |
| Total Equity | $468.9M-1.1% | $474.1M+0.9% | $469.8M-4.0% | $489.5M-6.4% | $522.7M-3.5% | $541.9M-2.8% | $557.4M-2.5% | $571.5M |
| Retained Earnings | -$827.8M-1.0% | -$819.9M+0.2% | -$822.0M-2.7% | -$800.2M-5.1% | -$761.5M-2.8% | -$740.5M-2.6% | -$721.6M-2.6% | -$703.1M |
GEVO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.8M-169.1% | -$2.5M+89.5% | -$24.0M-27.6% | -$18.8M-64.7% | -$11.4M+28.8% | -$16.1M+50.7% | -$32.6M-933.0% | -$3.2M |
| Capital Expenditures | $7.8M+49.3% | $5.2M-10.1% | $5.8M-60.1% | $14.6M+59.0% | $9.2M-47.5% | $17.5M+351.7% | -$7.0M-133.3% | $20.9M |
| Free Cash Flow | -$14.6M-88.2% | -$7.8M+74.0% | -$29.9M+10.7% | -$33.5M-62.2% | -$20.6M+38.6% | -$33.6M+15.1% | -$39.5M-64.5% | -$24.0M |
| Investing Cash Flow | -$7.8M-49.3% | -$5.2M+97.4% | -$204.3M-1296.8% | -$14.6M-59.0% | -$9.2M+47.5% | -$17.5M-351.7% | $7.0M+133.2% | -$21.0M |
| Financing Cash Flow | -$3.9M-1370.3% | -$266K-100.3% | $104.2M+28349.9% | -$369K+92.0% | -$4.6M-216.6% | -$1.5M-3623.1% | -$39K+18.8% | -$48K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $0-100.0% | $2.7M+90.9% | $1.4M | N/A | N/A |
GEVO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.8%-12.4pp | 60.2%+33.9pp | 26.3%-13.2pp | 39.5%+4.6pp | 34.9%-0.2pp | 35.2%+7.3pp | 27.9%-17.4pp | 45.2% |
| Operating Margin | -8.6%-22.0pp | 13.4%+82.5pp | -69.2%+275.5pp | -344.7%+112.2pp | -456.8%+123.1pp | -580.0%-92.2pp | -487.8%-30.1pp | -457.7% |
| Net Margin | -18.6%-23.6pp | 4.9%+79.6pp | -74.6%+234.3pp | -308.9%+90.4pp | -399.3%+73.8pp | -473.1%-50.6pp | -422.4%-75.7pp | -346.7% |
| Return on Equity | N/A | 0.4% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1.2%-1.5pp | 0.3%+3.5pp | -3.2%-0.2pp | -3.0%+0.4pp | -3.4%-0.4pp | -3.0%-0.1pp | -2.8%-0.5pp | -2.3% |
| Current Ratio | 1.91-0.4 | 2.33+0.3 | 2.04-6.3 | 8.36-1.9 | 10.22-2.6 | 12.80+8.6 | 4.23-0.0 | 4.27 |
| Debt-to-Equity | 0.290.0 | 0.29-0.0 | 0.31+0.2 | 0.140.0 | 0.130.0 | 0.13+0.1 | 0.000.0 | 0.00 |
| FCF Margin | -34.2%-16.3pp | -17.9%+84.8pp | -102.7%+484.5pp | -587.2%-194.8pp | -392.4%+449.5pp | -841.9%+62.3pp | -904.2%-373.3pp | -530.9% |
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Frequently Asked Questions
What is Gevo Inc's annual revenue?
Gevo Inc (GEVO) reported $16.9M in total revenue for fiscal year 2024. This represents a -1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Gevo Inc's revenue growing?
Gevo Inc (GEVO) revenue declined by 1.7% year-over-year, from $17.2M to $16.9M in fiscal year 2024.
Is Gevo Inc profitable?
No, Gevo Inc (GEVO) reported a net income of -$78.6M in fiscal year 2024, with a net profit margin of -464.9%.
What is Gevo Inc's earnings per share (EPS)?
Gevo Inc (GEVO) reported diluted earnings per share of $-0.34 for fiscal year 2024. This represents a -21.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Gevo Inc's EBITDA?
Gevo Inc (GEVO) had EBITDA of -$72.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Gevo Inc have?
As of fiscal year 2024, Gevo Inc (GEVO) had $189.4M in cash and equivalents against $67.1M in long-term debt.
What is Gevo Inc's gross margin?
Gevo Inc (GEVO) had a gross margin of 29.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Gevo Inc's operating margin?
Gevo Inc (GEVO) had an operating margin of -536.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Gevo Inc's net profit margin?
Gevo Inc (GEVO) had a net profit margin of -464.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Gevo Inc's free cash flow?
Gevo Inc (GEVO) generated -$108.5M in free cash flow during fiscal year 2024. This represents a -0.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Gevo Inc's operating cash flow?
Gevo Inc (GEVO) generated -$57.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Gevo Inc's total assets?
Gevo Inc (GEVO) had $583.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Gevo Inc's capital expenditures?
Gevo Inc (GEVO) invested $51.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Gevo Inc spend on research and development?
Gevo Inc (GEVO) invested $5.6M in research and development during fiscal year 2024.
Does Gevo Inc buy back shares?
Yes, Gevo Inc (GEVO) spent $4.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Gevo Inc have outstanding?
Gevo Inc (GEVO) had 239M shares outstanding as of fiscal year 2024.
What is Gevo Inc's current ratio?
Gevo Inc (GEVO) had a current ratio of 8.36 as of fiscal year 2024, which is generally considered healthy.
What is Gevo Inc's debt-to-equity ratio?
Gevo Inc (GEVO) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gevo Inc's return on assets (ROA)?
Gevo Inc (GEVO) had a return on assets of -13.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Gevo Inc's cash runway?
Based on fiscal year 2024 data, Gevo Inc (GEVO) had $189.4M in cash against an annual operating cash burn of $57.4M. This gives an estimated cash runway of approximately 40 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Gevo Inc's Piotroski F-Score?
Gevo Inc (GEVO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Gevo Inc's earnings high quality?
Gevo Inc (GEVO) has an earnings quality ratio of 0.73x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Gevo Inc cover its interest payments?
Gevo Inc (GEVO) has an interest coverage ratio of -23.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Gevo Inc?
Gevo Inc (GEVO) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.