The massive revenue miss vs consensus will likely drive a sharp sell-off. Monitor the upcoming financing updates, 45Z credit cadence, and ability to refinance near-term debt maturities. The India IPO progress and MVR project completion are potential catalysts but do not offset near-term liquidity risk.
Price Chart
Executive Summary
Aemetis reported Q1 2026 revenue of $54.6M, a 27% YoY increase but a 47% miss vs consensus of $103.1M. EPS of -$0.33 missed the -$0.20 consensus by 65%. Despite operational improvements and 45Z tax credit recognition, the massive revenue miss and continued net loss of $21.7M signal significant headwinds.
Key Financial Metrics
Key Facts
- Revenue $54.6M vs consensus $103.1M (47% miss)
- EPS -$0.33 vs consensus -$0.20 (65% miss)
- Gross profit of $2.8M improved from gross loss of $5.1M in Q1 2025
- Operating loss narrowed 60% YoY to $6.3M
- Cash at end of Q1: $4.8M, down from $4.9M at Dec 2025
- Current liabilities of $396M far exceed current assets of $34.7M
- Accumulated deficit deepened to $661.7M
Financial Impact
Revenue shortfall of ~$48.5M vs consensus; EPS miss of $0.13
Risk Factors
- Liquidity crisis with only $4.8M cash vs $293.8M current debt
- Negative equity of $321M
- Dependence on financing and 45Z credit monetization
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-015360 |
| Document: amtx20260506_8k.htm | 0001437749-26-015360 |
| Document: 0001437749-26-015360-index-headers.html | 0001437749-26-015360 |
| Document: 0001437749-26-015360-index.html | 0001437749-26-015360 |
| Document: 0001437749-26-015360.txt | 0001437749-26-015360 |
| 8-K Data (Synthetic) | 0001437749-26-015360 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | Press Release | $1.63 $1.83 | ▼ −12.27% | ▼ −11.67% | $1.72 (−5.52%) |
May 7, 2026 21w ago | 8-K | $3.12 $2.45 | ▲ +21.47% | ▲ +24.61% | $1.72 (+44.87%) |
May 1, 2026 22w ago | Press Release | $3.52 $2.64 | ▼ −25.00% | ▼ −30.28% | $1.72 (−51.14%) |
Mar 12, 2026 29w ago | Press Release | $1.92 $2.27 | ▲ +18.23% | ▲ +16.25% | $1.72 (−10.42%) |
US Market Status
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