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Gevo, Inc. operates as a carbon abatement company. It operates in four segments: Gevo, GevoFuels, GevoRNG, and GevoND. The company offers sustainable aviation fuel, motor fuels, and chemicals and materials; certain specialty fuels, on-road fuels, and certain products for the food chain comprising protein and feeds; hydrocarbons for gasoline, racing fuel blend stocks, and diesel fuel; ethylene and butenes; plastics and materials; and renewable natural gas, isobutanol, and isooctane. It is also involved in development, construction, and operation of Alcohol-to-Jet projects; provision of GevoRNG, a project which leverages anaerobic digestion technology to capture and convert methane emissions into renewable natural gas; and operates Verity platform that tracks, measures, and verifies various attributes throughout the supply chain. In addition, it offers products manufactured by ethanol plant, including ethanol and distillers grains. The company was formerly known as Methanotech, Inc. and changed its name to Gevo, Inc. in March 2006. Gevo, Inc. was incorporated in 2005 and is headquartered in Englewood, Colorado.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $161M | $12M | $-34M | $-44M | -7.3% | 849.3% | -57.0% |
| 2024 | $17M | $-56M | $-79M | $-108M | -16.1% | -1.7% | 18.8% |
| 2023 | $17M | $-45M | $-66M | $-108M | -11.9% | 1363.8% | -32.4% |
| 2022 | $1M | $-89M | $-98M | $-128M | -16.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1.18 | 17.20 | 16.92 | 160.58 |
| Operating Revenue | - | 1.18 | 17.20 | 16.92 | 160.58 |
| Cost Of Revenue | - | 8.70 | 11.99 | 12 | 85.24 |
| Gross Profit | - | -7.52 | 5.21 | 4.91 | 75.34 |
| Operating Expense | - | 69.92 | 87.04 | 90.80 | 94.20 |
| Research And Development | - | 17.49 | 21.37 | 23.74 | 16.20 |
| Selling General And Administration | - | 39.94 | 42.63 | 45.80 | 51.20 |
| Total Expenses | - | 78.61 | 99.04 | 102.81 | 179.44 |
| Operating Income | - | -77.44 | -81.83 | -85.89 | -18.86 |
| Total Operating Income As Reported | - | -102.69 | -81.83 | -90.82 | -20.21 |
| EBITDA | - | -88.95 | -45.05 | -56.46 | 12.27 |
| Normalized EBITDA | - | -63.70 | -45.05 | -51.53 | 13.62 |
| EBIT | - | -96.84 | -64.05 | -74.76 | -15.07 |
| Interest Income | - | 3.48 | 19.09 | 15.74 | 5.11 |
| Interest Expense | - | 1.17 | 2.16 | 3.88 | 17.56 |
| Net Interest Income | - | 2.31 | 16.93 | 11.86 | -12.45 |
| Other Non Operating Income Expenses | - | 2.37 | -1.31 | 0.32 | 0.03 |
| Other Income Expense | - | -22.88 | -1.31 | -4.61 | -1.31 |
| Interest Income Non Operating | - | 3.48 | 19.09 | 15.74 | 5.11 |
| Interest Expense Non Operating | - | 1.17 | 2.16 | 3.88 | 17.56 |
| Net Non Operating Interest Income Expense | - | 2.31 | 16.93 | 11.86 | -12.45 |
| Pretax Income | - | -98.01 | -66.22 | -78.64 | -32.63 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -98.01 | -66.22 | -78.64 | -32.63 |
| Net Income From Continuing And Discontinued Operation | - | -98.01 | -66.22 | -78.64 | -33.84 |
| Net Income From Continuing Operation Net Minority Interest | - | -98.01 | -66.22 | -78.64 | -33.84 |
| Net Income | - | -98.01 | -66.22 | -78.64 | -33.84 |
| Net Income Common Stockholders | - | -98.01 | -66.22 | -78.64 | -33.84 |
| Net Income Including Noncontrolling Interests | - | -98.01 | -66.22 | -78.64 | -32.63 |
| Normalized Income | - | -72.76 | -66.22 | -73.71 | -32.49 |
| Diluted NI Availto Com Stockholders | - | -98.01 | -66.22 | -78.64 | -33.84 |
| Basic Average Shares | - | 221.54 | 238.69 | 231.67 | 234.01 |
| Diluted Average Shares | - | 221.54 | 238.69 | 231.67 | 234.01 |
| Reconciled Depreciation | - | 7.89 | 19.01 | 18.30 | 27.34 |
| Reconciled Cost Of Revenue | - | 8.70 | 11.99 | 12 | 83.22 |
| Total Unusual Items | - | -25.25 | 0 | -4.93 | -1.35 |
| Total Unusual Items Excluding Goodwill | - | -25.25 | 0 | -4.93 | -1.35 |
| Minority Interests | - | - | - | 0 | -1.21 |
| Special Income Charges | - | -25.25 | 0 | -4.93 | -1.35 |
| Other Special Charges | -0.64 | - | - | - | - |
| Impairment Of Capital Assets | 0 | 24.75 | 0 | - | - |
| Restructuring And Mergern Acquisition | 0 | - | 0 | 4.93 | 4.44 |
| Gain On Sale Of Security | 0.57 | 3.04 | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 7.89 | 19.01 | 18.30 | 25.32 |
| Depreciation And Amortization In Income Statement | - | 7.89 | 19.01 | 18.30 | 25.32 |
| General And Administrative Expense | - | 39.94 | 42.63 | 45.80 | 51.20 |
| Other Gand A | - | 39.94 | 42.63 | 45.80 | 51.20 |
| Gain On Sale Of Ppe | -5.14 | -0.50 | 0 | - | 3.09 |
| Other Operating Expenses | - | 4.60 | 4.04 | 2.97 | 1.48 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Gevo, Inc.this co. | GEVO | $431M | -12.73 | 0.92 | -7.3% | 42.14 |
| Contango Silver & Gold Inc. | CTGO | $576M | -15.95 | 22.94 | -143.8% | -19.42 |
| Intrepid Potash, Inc. | IPI | $499M | 44.65 | 1.02 | 2.3% | 8.06 |
| Lifezone Metals Limited | LZM | $464M | -34.07 | 6.29 | -18.5% | -200.38 |
| Mativ Holdings, Inc. | MATV | $423M | -1.25 | 0.85 |
| - |
| - |
| - |
| - |
| -67.7% |
| -5.67 |
| Caledonia Mining Corporation Plc | CMCL | $411M | 7.45 | 1.59 | 21.3% | 3.24 |
| Valhi, Inc. | VHI | $410M | -7.12 | 0.40 | -5.6% | 10.03 |
| Orion S.A. | OEC | $405M | -5.78 | 1.05 | -18.2% | 9.14 |
| Vox Royalty Corp. | VOXR | $395M | 67.19 | 3.69 | 5.5% | 27.50 |
| Peer Median | - | -3.52 | 1.32 | -11.9% | 5.65 | |