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Gevo (GEVO)
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Gevo Income Statement 2025-2005 | GEVO
Brief overview of revenue and earnings at Gevo
The overview follows changes across a five-year period. The revenue attributed to Gevo moved from 5.5 million dollars to 161 million dollars between the two endpoints. Overall revenue changed by +2800.7%, equal to an annualized rate of about 96.1%. The company expanded its revenue base at a high speed.
The five-year change in gross profit reached +895.8%: from −$9.5 million to $75.3 million. The relationship between sales and direct costs improved over the period. Gross margin moved from −171% to 46.9%. Improving gross profitability strengthens the quality of revenue growth.
Over the period, EBITDA shifted from −20.2 million dollars to 5.1 million dollars, a change of +125.3%. EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin was −364.5% at the start and 3.2% at the end. The business generated more EBITDA from each unit of revenue.
Comparing the endpoints shows a move from −40.2 million dollars to −33.8 million dollars. The loss reduction is constructive, but the recovery is incomplete.
Market value was $124 million at the start and $449 million at the end. Valuation expanded much faster than the underlying results.
Overall conclusion
The results present an uneven picture without one dominant signal. The financial profile benefits from an improving EBITDA margin, sales growth and improving gross profitability. The main areas of concern are a low EBITDA margin. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Gevo
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
449 M | 445 M | 193 M | 370 M | 670 M | 124 M | 24 M | 13.1 M | 8.96 M | 11.4 M | 6.73 M | 10.5 M | 61.7 M | 76 M | 146 M | - | - | - | - | - | - |
Shares |
234 M | 232 M | 239 M | 222 M | 196 M | 56.9 M | 12.2 M | 4.88 M | 815 K | 192 K | 35.1 K | 13.4 K | 7.51 K | 5.44 K | 3.82 K | 1.15 M | - | - | - | - | - |
Historical Prices |
1.92 | 1.92 | 0.81 | 1.67 | 3.42 | 10.2 | 2.01 | 2.61 | 11 | 60 | 192 | 780 | 8.34 K | 13.8 K | 52 K | - | - | - | - | - | - |
Net Income |
-33.8 M | -78.6 M | -66.2 M | -98 M | -59.2 M | -40.2 M | -28.7 M | -28 M | -24.6 M | -37.2 M | -36.2 M | -41.1 M | -66.8 M | -60.7 M | -48.2 M | -40.1 M | -19.9 M | -14.5 M | -7.23 M | -1.11 M | -259 K |
Revenue |
161 M | 16.9 M | 17.2 M | 1.18 M | 533 K | 5.54 M | 24.5 M | 32.9 M | 27.5 M | 27.2 M | 30.1 M | 28.3 M | 8.22 M | 24.4 M | 64.5 M | 16.4 M | 660 K | - | - | - | - |
Cost of Revenue |
85.2 M | 12 M | 12 M | 8.7 M | 7.69 M | 15 M | 36.7 M | 41.6 M | 38.2 M | 37 M | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | -9.47 M | -12.2 M | -8.7 M | -10.6 M | -9.8 M | -8.62 M | -7.32 M | -9.69 M | -8.02 M | 3.96 M | 2.95 M | 660 K | - | - | - | - |
Operating Income |
-20.2 M | -90.8 M | -81.8 M | -103 M | -60.3 M | -27 M | -26.4 M | -22.2 M | -23.3 M | -24 M | -31.9 M | -39.8 M | -55.5 M | -71.4 M | -44.7 M | -35.5 M | - | - | - | - | - |
Interest Expense |
34 K | 323 K | 2.16 M | 1.17 M | 251 K | 2.09 M | 2.74 M | 3 K | 2.95 M | 7.84 M | 8.24 M | 8 K | 9.3 M | 6.34 M | 3.58 M | 2.37 M | 1.1 M | - | - | - | - |
EBITDA |
5.11 M | -72.5 M | -62.8 M | -94.8 M | -55.1 M | -20.2 M | -19.7 M | -15.7 M | -16.6 M | -17.2 M | -25.4 M | -34.9 M | -52 M | -68.1 M | -40.1 M | -32.3 M | 1.51 M | - | - | - | - |
Operating Expenses |
- | - | - | - | - | 16.6 M | 14.1 M | 13.5 M | 12.7 M | 14.2 M | 23.3 M | 32.5 M | 45.7 M | 63.4 M | 48.6 M | 38.5 M | 19.2 M | - | - | - | - |
General and Administrative Expenses |
51.2 M | 45.8 M | 42.6 M | 39.9 M | 25.5 M | 12.5 M | 10.1 M | 8.12 M | 7.47 M | 8.96 M | 16.7 M | 18.3 M | 25.5 M | 44 M | 28.9 M | 23.6 M | 8.7 M | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Gevo
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
237 M | 237 M | 233 M | 233 M | 232 M | 239 M | 239 M | 239 M | 241 M | 240 M | 240 M | 237 M | 237 M | 237 M | 237 M | 210 M | 202 M | 202 M | 199 M | 198 M | 184 M | 128 M | 77 M | 15.1 M | 14.5 M | 14.1 M | 13 M | 11.9 M | 10.2 M | 8.64 M | 8.09 M | 1.6 M | 1.13 M | 1.09 M | 825 K | 769 K | 11.6 M | 7.07 M | 4.84 M | 2.45 M | 1.15 M | 1.08 M | 16.7 M | 13 M | 8.31 M | 6.64 M | 5.81 M | 4.53 M | 4.52 M | 68.5 M | 46.1 M | 43.4 M | 41 M | 39.6 M | 38.5 M | 26.2 M | 26.2 M | 26.4 M | 25.9 M | 25.9 M | 26.4 M |
Net Income |
-177 M | -21.7 M | -7.95 M | 2.14 M | -21.7 M | - | -21.2 M | -21 M | -18.9 M | - | -15.7 M | -14.4 M | -17.6 M | - | -43.8 M | -13.2 M | -15.7 M | - | -14.4 M | -18.3 M | -10.1 M | - | -6.84 M | -18.3 M | -9.25 M | - | -8.62 M | -7.09 M | -6.14 M | - | -6.88 M | -11.5 M | -2.5 M | - | -4.15 M | -10.2 M | -5.93 M | - | -9.85 M | -21.5 M | -3.6 M | - | -6.52 M | -14.4 M | -7.34 M | - | -938 K | -17.2 M | -12 M | - | -15.9 M | -15.2 M | -18.4 M | - | -12.1 M | -16.2 M | -19.3 M | - | -12.3 M | -12.5 M | -9.28 M |
Revenue |
46.5 M | 42.9 M | 42.7 M | 43.4 M | 29.1 M | - | 1.96 M | 5.26 M | 3.99 M | - | 4.53 M | 4.24 M | 4.06 M | - | 309 K | 89 K | 232 K | - | 120 K | 346 K | 93 K | - | 192 K | 988 K | 3.82 M | - | 6.11 M | 5.09 M | 6.4 M | - | 8.58 M | 9.42 M | 8.24 M | - | 7.7 M | 7.54 M | 5.62 M | - | 6.94 M | 8.11 M | 6.32 M | - | 8.02 M | 8.92 M | 5.9 M | - | 10.1 M | 7.72 M | 903 K | - | 1.13 M | 1.86 M | 3.54 M | - | 562 K | 7.03 M | 14.9 M | - | 17.5 M | 14.5 M | 15.3 M |
Cost of Revenue |
19.9 M | 20.2 M | 22.3 M | 17.3 M | 21.4 M | - | 2.54 M | 3.42 M | 2.59 M | - | 2.48 M | 1.93 M | 4.42 M | - | 3.9 M | 3.73 M | 3.09 M | - | 3.48 M | 2.79 M | 1.99 M | - | 2.26 M | 2.64 M | 8.14 M | - | 9.89 M | 8.45 M | 8.96 M | - | 10.6 M | 10.7 M | 10.6 M | - | 9.71 M | 9.7 M | 9.41 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
19.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.59 M | -3.64 M | -3.95 M | - | -3.36 M | -2.45 M | -1.9 M | - | -2.07 M | -1.66 M | -4.31 M | - | -3.78 M | -3.37 M | -2.56 M | - | -2.05 M | -1.27 M | -2.34 M | - | -2.01 M | -2.16 M | -3.79 M | - | -2.71 M | -1.88 M | -2.9 M | - | -2.61 M | -974 K | -3.34 M | - | -1.62 M | -548 K | -3.78 M | - | -3.62 M | -1.76 M | -960 K | - | -5.52 M | -1.48 M | -138 K | - | 1.27 M | 896 K | 88 K |
Operating Income |
-172 M | -4.9 M | -3.69 M | 5.8 M | -20.1 M | - | -24 M | -24 M | -23.1 M | - | -20.7 M | -18.9 M | -20.9 M | - | -43.9 M | -16.1 M | -16 M | - | -14.7 M | -19.1 M | -9.88 M | - | -6.1 M | -5.26 M | -7.98 M | - | -8 M | -6.49 M | -5.63 M | - | -6.11 M | -4.38 M | -5 M | - | -5.11 M | -6.18 M | -7.18 M | - | -6.14 M | -5.49 M | -5.87 M | - | -9.27 M | -6.53 M | -9.54 M | - | -8.91 M | -9.03 M | -12.9 M | - | -15.8 M | -13.9 M | -12.9 M | - | -24.4 M | -15.7 M | -18.2 M | - | -11.5 M | -11.6 M | - |
Interest Expense |
446 K | -1.79 M | 332 K | -44 K | -110 K | - | 116 K | -3 K | 215 K | - | 305 K | -7 K | 539 K | - | 455 K | 2 K | 2 K | - | 67 K | 6 K | 5 K | - | 500 K | -13 K | 30 K | - | -9 K | 20 K | - | - | -3 K | 8 K | 8 K | - | 26 K | 20 K | 6 K | - | 1 K | 206 K | - | - | 14 K | 2 K | 11 K | - | 7 K | 2.61 M | 1.6 M | - | 1.73 M | 2.31 M | 3.28 M | - | 2.62 M | 450 K | 1.09 M | - | 798 K | 851 K | 892 K |
EBITDA |
-165 M | 1.96 M | 3.71 M | 13 M | -14.5 M | - | -20.5 M | -19.8 M | -18.7 M | - | -15.7 M | -14.2 M | -16.3 M | - | -42.3 M | -14.6 M | -14.5 M | - | -11.2 M | -16.7 M | -8.73 M | - | -4.63 M | -3.63 M | -6.33 M | - | -6.4 M | -4.88 M | -4.02 M | - | -4.49 M | -2.74 M | -3.35 M | - | -3.46 M | -4.51 M | -5.51 M | - | -4.38 M | -3.83 M | -4.24 M | - | -7.66 M | -4.91 M | -7.87 M | - | -7.3 M | -8.25 M | -12.1 M | - | -14.9 M | -13 M | -12 M | - | -23.5 M | -14.9 M | -17.4 M | - | -8.15 M | -9.46 M | 1.01 M |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 40.1 M | 12.5 M | 12 M | - | 11.4 M | 16.6 M | 7.98 M | - | 4.04 M | 3.6 M | 3.66 M | - | 4.22 M | 3.13 M | 3.07 M | - | 4.06 M | 3.11 M | 2.66 M | - | 3.1 M | 4.01 M | 3.39 M | - | 3.43 M | 3.62 M | 2.96 M | - | 6.66 M | 5.56 M | 6.2 M | - | 7.29 M | 8.48 M | 9.14 M | - | 12.1 M | 12.1 M | 11.9 M | - | 18.9 M | 14.3 M | 18.1 M | - | 12.8 M | 12.5 M | 8.5 M |
General and Administrative Expenses |
12.9 M | 16.2 M | 11.6 M | 10.8 M | 11.1 M | - | 11.7 M | 11.5 M | 12.2 M | - | 10.5 M | 10.6 M | 10.8 M | - | 11.1 M | 8.69 M | 9.37 M | - | 9.29 M | 4.85 M | 3.81 M | - | 2.89 M | 2.7 M | 2.63 M | - | 2.43 M | 2.18 M | 2.09 M | - | 2.19 M | 1.64 M | 1.87 M | - | 1.89 M | 2.12 M | 2.17 M | - | 2.27 M | 2.15 M | 1.92 M | - | 5.14 M | 3.79 M | 4.48 M | - | 3.57 M | 4.9 M | 5.04 M | - | 6.67 M | 6.28 M | 6.95 M | - | 13.5 M | 9.54 M | 13.1 M | - | 7.59 M | 7.18 M | 5.23 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Gevo (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.