The stock may react positively to the dramatic profitability improvement and strategic shift toward higher-margin products, but traders should monitor whether the revenue decline continues and if the company can sustain the improved margins and tax credit benefits in 2026.
Price Chart
Executive Summary
Alto Ingredients reported a strong turnaround in Q4 and full-year 2025, with gross profit turning positive and net income swinging from losses to profits year-over-year. The improvement was driven by higher crush margins, 45Z tax credits, and strong renewable fuel exports, despite a 4.5% decline in annual revenue.
Key Financial Metrics
Key Facts
- Q4 2025 gross profit was $15.2M vs. $1.4M gross loss in Q4 2024
- Q4 2025 net income was $21.5M ($0.28/share) vs. $42.0M net loss ($0.57/share) in Q4 2024
- Full-year 2025 net income was $12.1M ($0.16/share) vs. $60.3M net loss ($0.82/share) in 2024
- Annual revenue declined 4.9% to $917.9M from $965.3M in 2024
- Adjusted EBITDA improved to $44.7M in 2025 vs. negative $8.5M in 2024
Financial Impact
Significant improvement in profitability with $72.4M swing from net loss to net income year-over-year, despite 4.9% revenue decline
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Pekin Campus | $591.5M | +0.9% |
| Marketing and distribution | $231.1M | +1.7% |
| Western production | $100.5M | -33.7% |
Risk Factors
- Annual revenue declined 4.9% year-over-year
- Western production segment revenue dropped 33.7% to $100.6M from $152.2M
- Cash balance decreased to $23.4M from $35.5M year-ago
- Future 45Z tax credit benefits are uncertain and may not be sustained
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-023650 |
| Document: ea0279954-8k_alto.htm | 0001213900-26-023650 |
| Document: 0001213900-26-023650-index-headers.html | 0001213900-26-023650 |
| Document: 0001213900-26-023650-index.html | 0001213900-26-023650 |
| Document: 0001213900-26-023650.txt | 0001213900-26-023650 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Institutional Cluster | $3.82 $3.56 | ▲ +6.81% | ▲ +6.25% | $3.61 (+5.50%) |
Jun 23, 2026 17w ago | 8-K | $5.05 $5.08 | ▲ +0.49% | ▼ −1.44% | $3.61 (−28.51%) |
Jun 11, 2026 19w ago | Institutional Cluster | $5.65 $5.67 | ▲ +0.35% | ▼ −1.54% | $3.61 (−36.11%) |
May 26, 2026 21w ago | EFFECT | $5.22 $4.98 | ▼ −4.60% | ▼ −2.65% | $3.61 (−30.84%) |
May 6, 2026 24w ago | 8-K | $4.54 $5.53 | ▲ +21.81% | ▲ +18.67% | $3.61 (−20.48%) |
Apr 30, 2026 25w ago | DEFA14A | $5.43 $5.71 | ▲ +5.16% | ▼ −0.11% | $3.61 (−33.52%) |
Mar 4, 2026 33w ago | 8-K | $4.02 $4.67 | ▲ +16.17% | ▲ +19.96% | $3.61 (−10.20%) |
Mar 4, 2026 33w ago | Press Release | $4.02 $4.67 | ▲ +16.17% | ▲ +19.96% | $3.61 (−10.20%) |
US Market Status
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