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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 | -7.2% | 849.3% | - |
| 2024 | $17M | $-56M | $-79M | $-108M | -16.1% | -1.7% | - |
| 2023 | $17M | $-45M | $-66M | $-108M | -11.9% | 1363.8% | - |
| 2022 | $1M | $-89M | $-98M | $-128M | -16.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1.18 | 17.20 | 16.91 | 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 | 90.81 | 94.20 |
| Operating Income | -77.44 | -81.83 | -85.89 | -18.86 |
| EBITDA | -88.95 | -45.05 | -56.46 | 12.27 |
| EBIT | -96.84 | -64.05 | -74.76 | -15.07 |
| Pretax Income | -98.01 | -66.22 | -78.64 | -32.63 |
| Net Income | -98.01 | -66.22 | -78.64 | -33.84 |
| Net Income Common Stockholders | -98.01 | -66.22 | -78.64 | -33.84 |
| Total Expenses | 78.61 | 99.03 | 102.81 | 179.44 |
| Interest Expense | 1.17 | 2.16 | 3.88 | 17.56 |
| Interest Income | 3.48 | 19.09 | 15.74 | 5.11 |
| Research And Development | 17.49 | 21.37 | 23.74 | 16.20 |
| Selling General And Administration | 39.94 | 42.63 | 45.80 | 51.20 |
| Normalized EBITDA | -63.70 | -45.05 | -51.53 | 13.62 |
| Normalized Income | -72.76 | -66.22 | -73.71 | -32.49 |
| Basic EPS | -0.44 | -0.28 | -0.34 | 0 |
| Diluted EPS | -0.44 | -0.28 | -0.34 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Total Unusual Items | -25.25 | 0 | -4.93 | -1.35 |
| Total Unusual Items Excluding Goodwill | -25.25 | 0 | -4.93 | -1.35 |
| Net Income From Continuing Operation Net Minority Interest | -98.01 | -66.22 | -78.64 | -33.84 |
| Reconciled Depreciation | 7.89 | 19.01 | 18.30 | 27.34 |
| Reconciled Cost Of Revenue | 8.70 | 11.99 | 12 | 83.22 |
| Net Interest Income | 2.31 | 16.93 | 11.86 | -12.45 |
| Net Income From Continuing And Discontinued Operation | -98.01 | -66.22 | -78.64 | -33.84 |
| Total Operating Income As Reported | -102.69 | -81.83 | -90.82 | -20.21 |
| Diluted Average Shares | 221.54 | 238.69 | 231.67 | 0 |
| Basic Average Shares | 221.54 | 238.69 | 231.67 | 0 |
| Diluted NI Availto Com Stockholders | -98.01 | -66.22 | -78.64 | -33.84 |
| Minority Interests | 0 | 0 | 0 | -1.21 |
| Net Income Including Noncontrolling Interests | -98.01 | -66.22 | -78.64 | -32.63 |
| Net Income Continuous Operations | -98.01 | -66.22 | -78.64 | -32.63 |
| Other Income Expense | -22.88 | -1.31 | -4.61 | -1.31 |
| Other Non Operating Income Expenses | 2.37 | -1.31 | 0.32 | 0.03 |
| Special Income Charges | -25.25 | 0 | -4.93 | -1.35 |
| Gain On Sale Of Ppe | -0.50 | 0 | 0 | 3.09 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 24.75 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 4.93 | 4.44 |
| Gain On Sale Of Security | 3.04 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | 2.31 | 16.93 | 11.86 | -12.45 |
| Interest Expense Non Operating | 1.17 | 2.16 | 3.88 | 17.56 |
| Interest Income Non Operating | 3.48 | 19.09 | 15.74 | 5.11 |
| Other Operating Expenses | 4.60 | 4.04 | 2.97 | 1.48 |
| 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 |
| Operating Revenue | 1.18 | 17.20 | 16.91 | 160.58 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Gevo, Inc.this co. | GEVO | $461M | - | 0.96 | -7.2% | 83.72 |
| Idaho Strategic Resources, Inc. | IDR | $630M | 34.96 | 5.79 | 15.1% | 32.20 |
| ASP Isotopes Inc. | ASPI | $622M | - | 2.70 | -66.6% | -10.06 |
| SunCoke Energy, Inc. | SXC | $568M | - | 0.95 | -7.1% | 5.67 |
| Intrepid Potash, Inc. | IPI | $517M | 45.31 | 1.03 |
| 2.3% |
| 6.92 |
| Lifezone Metals Limited | LZM | $441M | - | 5.49 | -18.7% | -27.33 |
| Caledonia Mining Corporation Plc | CMCL | $436M | 7.98 | 1.68 | 19.5% | 3.77 |
| Valhi, Inc. | VHI | $414M | - | 0.41 | -4.2% | 18.62 |
| Vox Royalty Corp. | VOXR | $358M | 51.90 | 3.31 | 5.5% | 39.27 |
| Peer Median | - | 40.14 | 2.19 | -1.0% | 6.30 | |