Aemetis, Inc. (AMTX)

From the record

Aemetis, Inc.'s filings since 2017 show 11 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 8 times, the latest 2020-06-09); an auditor change (8-K item 4.01, the latest 2026-03-16); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2024-03-15) (its current reports).

From the record

Aemetis, Inc.'s 5 filed years say what it did: revenue went from $212 million in fiscal 2021 to $198 million in fiscal 2025, down 1.7% a year; it rose in 2 of 4 years; the deepest fall was 27% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 5 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Aemetis, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned less than nothing, about minus 0 cents per dollar of everything the company owns. Leverage: it owed about 218 cents per dollar of assets, and net share issuance: its share count grew 30.7% over the year (the filed statements).

From the record

Aemetis, Inc.'s standing among 20 graded names in its industry family: revenue of $198 million in fiscal 2025 ranks in the bottom 48% by size; a net margin of -39% ranks in the bottom 33%; revenue growth of -8.3% a year over the last 3 filed years ranks in the top 45% (its annual reports).

From the record

Aemetis, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mcafee, Eric A (Chief Executive Officer, as filed), filing under that title since 2007-03-19, 19.7 years (top 9% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 15.5 years (top 10%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (top 3%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Aemetis, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $5 million against debt of $64 million leaves -22.7% of its assets as net cash, bottom 31% of its family; cash from operations less capital spending is -11.5% of revenue (bottom 43%); a gross margin of -0.4% (bottom 19%) (its annual report).

From the record

Aemetis, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -8.3% a year over the last three filed years against -1.7% over all 5, slowing (top 29% of its family); the newest year grew -26.2% (bottom 24%); research spending grew -10.6% a year (bottom 27%); capital spending grew -12.8% a year (bottom 38%) (its annual reports). Aemetis, Inc. reported 3 lines of business in fiscal 2025: California Ethanol at $153 million, India Biodiesel at $30 million, California Dairy Renewable Natural Gas at $15 million. 1 of 3 grew in the latest filed year, and the largest line is 78% of revenue (its annual report).

From the record

Aemetis, Inc.'s newest year against its own record: revenue of $198 million in fiscal 2025 came in 27.7% below the $273 million its prior three years' pace pointed to (bottom 18% of its family); net income of $77 million against a prior three-year average of $81 million (top 45%); a net margin of -39% against -33.2% before (bottom 39%) (its annual reports).