Gevo Inc
NASDAQ:GEVO
Income Statement
Earnings Waterfall
Gevo Inc
Income Statement
Gevo Inc
| Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
2
|
2
|
3
|
3
|
3
|
4
|
4
|
3
|
5
|
6
|
9
|
10
|
9
|
9
|
8
|
8
|
8
|
8
|
9
|
8
|
8
|
8
|
8
|
9
|
9
|
8
|
6
|
5
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
3
|
3
|
4
|
7
|
10
|
14
|
|
| Revenue |
2
N/A
|
16
+583%
|
31
+91%
|
45
+45%
|
61
+35%
|
65
+5%
|
64
-1%
|
57
-12%
|
40
-30%
|
24
-39%
|
13
-46%
|
8
-40%
|
8
+7%
|
8
-3%
|
6
-32%
|
11
+105%
|
20
+79%
|
28
+38%
|
33
+18%
|
34
+4%
|
32
-6%
|
30
-7%
|
31
+1%
|
30
-3%
|
29
-4%
|
27
-5%
|
27
-3%
|
26
-2%
|
27
+3%
|
28
+3%
|
30
+10%
|
32
+6%
|
33
+3%
|
33
0%
|
31
-6%
|
27
-14%
|
24
-9%
|
24
+1%
|
22
-10%
|
18
-19%
|
12
-33%
|
6
-53%
|
2
-69%
|
1
-37%
|
1
-6%
|
1
-48%
|
1
+42%
|
0
-35%
|
1
+39%
|
1
+74%
|
5
+325%
|
9
+83%
|
13
+46%
|
17
+29%
|
17
0%
|
18
+6%
|
16
-14%
|
17
+9%
|
42
+149%
|
80
+91%
|
121
+51%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1)
|
(13)
|
(29)
|
(42)
|
(58)
|
(61)
|
(60)
|
(55)
|
(45)
|
(32)
|
(22)
|
(17)
|
(16)
|
(18)
|
(18)
|
(23)
|
(30)
|
(36)
|
(40)
|
(42)
|
(41)
|
(39)
|
(39)
|
(39)
|
(38)
|
(37)
|
(37)
|
(37)
|
(37)
|
(38)
|
(39)
|
(40)
|
(41)
|
(42)
|
(40)
|
(38)
|
(37)
|
(37)
|
(36)
|
(30)
|
(22)
|
(15)
|
(9)
|
(9)
|
(10)
|
(8)
|
(10)
|
(11)
|
(11)
|
(13)
|
(15)
|
(15)
|
(14)
|
(16)
|
(14)
|
(15)
|
(15)
|
(15)
|
(33)
|
(47)
|
(67)
|
|
| Gross Profit |
1
N/A
|
3
+106%
|
3
-8%
|
3
+16%
|
4
+20%
|
4
+5%
|
4
-6%
|
1
-64%
|
(5)
N/A
|
(8)
-48%
|
(9)
-10%
|
(9)
-3%
|
(7)
+21%
|
(10)
-34%
|
(13)
-29%
|
(11)
+10%
|
(9)
+18%
|
(7)
+21%
|
(7)
+6%
|
(7)
-6%
|
(8)
-14%
|
(9)
-4%
|
(8)
+5%
|
(9)
-11%
|
(9)
-1%
|
(10)
-7%
|
(11)
-9%
|
(11)
-3%
|
(10)
+6%
|
(11)
-3%
|
(9)
+14%
|
(8)
+10%
|
(8)
0%
|
(9)
-5%
|
(9)
-2%
|
(11)
-24%
|
(13)
-16%
|
(12)
+4%
|
(14)
-14%
|
(12)
+12%
|
(11)
+14%
|
(9)
+10%
|
(7)
+25%
|
(8)
-11%
|
(9)
-16%
|
(7)
+22%
|
(9)
-28%
|
(10)
-13%
|
(11)
-2%
|
(12)
-15%
|
(10)
+15%
|
(5)
+48%
|
(1)
+87%
|
1
N/A
|
3
+144%
|
3
-5%
|
0
-84%
|
2
+344%
|
9
+346%
|
33
+281%
|
54
+64%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(37)
|
(38)
|
(40)
|
(44)
|
(42)
|
(49)
|
(58)
|
(60)
|
(66)
|
(63)
|
(57)
|
(55)
|
(48)
|
(46)
|
(43)
|
(39)
|
(35)
|
(32)
|
(30)
|
(27)
|
(26)
|
(23)
|
(20)
|
(18)
|
(15)
|
(14)
|
(15)
|
(15)
|
(15)
|
(13)
|
(12)
|
(11)
|
(12)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(17)
|
(21)
|
(29)
|
(36)
|
(48)
|
(57)
|
(53)
|
(57)
|
(65)
|
(97)
|
(105)
|
(86)
|
(83)
|
(87)
|
(92)
|
(93)
|
(88)
|
(87)
|
(82)
|
(82)
|
|
| Selling, General & Administrative |
(22)
|
(24)
|
(26)
|
(29)
|
(25)
|
(29)
|
(37)
|
(39)
|
(45)
|
(44)
|
(38)
|
(35)
|
(28)
|
(26)
|
(24)
|
(22)
|
(19)
|
(18)
|
(18)
|
(17)
|
(18)
|
(17)
|
(14)
|
(13)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(11)
|
(12)
|
(14)
|
(20)
|
(25)
|
(31)
|
(36)
|
(38)
|
(40)
|
(42)
|
(43)
|
(43)
|
(43)
|
(44)
|
(45)
|
(46)
|
(46)
|
(45)
|
(44)
|
(44)
|
|
| Research & Development |
(15)
|
(15)
|
(13)
|
(16)
|
(17)
|
(20)
|
(21)
|
(21)
|
(21)
|
(19)
|
(19)
|
(21)
|
(21)
|
(20)
|
(19)
|
(17)
|
(15)
|
(14)
|
(12)
|
(10)
|
(8)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(5)
|
(4)
|
(5)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(5)
|
(5)
|
(6)
|
(6)
|
(8)
|
(12)
|
(16)
|
(21)
|
(19)
|
(19)
|
(18)
|
(17)
|
(18)
|
(19)
|
(22)
|
(26)
|
|
| Other Operating Expenses |
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(4)
|
(10)
|
(10)
|
(11)
|
(13)
|
(4)
|
(6)
|
(10)
|
(36)
|
(38)
|
(15)
|
(15)
|
(17)
|
(22)
|
(24)
|
(18)
|
(18)
|
(11)
|
(8)
|
|
| Operating Income |
(36)
N/A
|
(36)
+1%
|
(37)
-4%
|
(41)
-11%
|
(38)
+7%
|
(45)
-18%
|
(54)
-22%
|
(59)
-8%
|
(72)
-22%
|
(71)
+0%
|
(66)
+7%
|
(64)
+3%
|
(56)
+13%
|
(56)
+0%
|
(56)
0%
|
(51)
+9%
|
(44)
+14%
|
(40)
+9%
|
(36)
+9%
|
(34)
+7%
|
(34)
-1%
|
(32)
+7%
|
(28)
+11%
|
(27)
+4%
|
(24)
+12%
|
(24)
+0%
|
(25)
-6%
|
(26)
-3%
|
(25)
+4%
|
(23)
+7%
|
(21)
+9%
|
(19)
+9%
|
(20)
-5%
|
(22)
-8%
|
(23)
-4%
|
(25)
-9%
|
(27)
-8%
|
(26)
+4%
|
(28)
-10%
|
(27)
+4%
|
(25)
+7%
|
(26)
-3%
|
(28)
-9%
|
(37)
-31%
|
(46)
-23%
|
(55)
-21%
|
(66)
-19%
|
(63)
+4%
|
(67)
-7%
|
(77)
-15%
|
(108)
-39%
|
(110)
-3%
|
(87)
+21%
|
(82)
+6%
|
(84)
-3%
|
(89)
-6%
|
(93)
-4%
|
(86)
+7%
|
(78)
+9%
|
(49)
+38%
|
(28)
+42%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(5)
|
(5)
|
(5)
|
(4)
|
(2)
|
(4)
|
(4)
|
(3)
|
10
|
11
|
7
|
7
|
(5)
|
(9)
|
(4)
|
(3)
|
(0)
|
2
|
(1)
|
(9)
|
(9)
|
(8)
|
(3)
|
(11)
|
(15)
|
(8)
|
(9)
|
6
|
8
|
4
|
4
|
(1)
|
(3)
|
(4)
|
(7)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(11)
|
(10)
|
(9)
|
(9)
|
0
|
1
|
1
|
1
|
2
|
5
|
9
|
14
|
17
|
18
|
16
|
14
|
12
|
6
|
0
|
(7)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(5)
|
1
|
1
|
5
|
9
|
4
|
4
|
(1)
|
(1)
|
(4)
|
(5)
|
(5)
|
(8)
|
(6)
|
(5)
|
(4)
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(4)
|
(3)
|
(7)
|
(6)
|
(5)
|
0
|
(0)
|
(25)
|
(25)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
(5)
|
(9)
|
(9)
|
(9)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(4)
|
(4)
|
(4)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
3
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
0
|
|
| Pre-Tax Income |
(41)
N/A
|
(40)
+2%
|
(42)
-4%
|
(45)
-9%
|
(40)
+11%
|
(48)
-19%
|
(58)
-21%
|
(62)
-6%
|
(62)
+0%
|
(61)
+2%
|
(60)
+2%
|
(59)
+2%
|
(63)
-7%
|
(67)
-7%
|
(60)
+10%
|
(62)
-3%
|
(47)
+24%
|
(41)
+13%
|
(37)
+11%
|
(34)
+8%
|
(39)
-17%
|
(36)
+8%
|
(32)
+10%
|
(40)
-22%
|
(43)
-8%
|
(37)
+13%
|
(40)
-6%
|
(28)
+29%
|
(23)
+20%
|
(25)
-9%
|
(21)
+14%
|
(23)
-6%
|
(25)
-12%
|
(28)
-11%
|
(32)
-13%
|
(27)
+14%
|
(29)
-6%
|
(29)
+1%
|
(32)
-11%
|
(31)
+3%
|
(29)
+6%
|
(40)
-39%
|
(41)
-2%
|
(53)
-30%
|
(61)
-14%
|
(59)
+3%
|
(65)
-9%
|
(60)
+8%
|
(89)
-49%
|
(98)
-10%
|
(100)
-2%
|
(101)
-1%
|
(73)
+28%
|
(66)
+9%
|
(67)
-2%
|
(74)
-10%
|
(80)
-7%
|
(79)
+1%
|
(82)
-4%
|
(58)
+29%
|
(44)
+23%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
(41)
|
(40)
|
(42)
|
(45)
|
(40)
|
(48)
|
(58)
|
(62)
|
(62)
|
(61)
|
(60)
|
(59)
|
(63)
|
(67)
|
(60)
|
(62)
|
(47)
|
(41)
|
(37)
|
(34)
|
(39)
|
(36)
|
(32)
|
(40)
|
(43)
|
(37)
|
(40)
|
(28)
|
(23)
|
(25)
|
(21)
|
(23)
|
(25)
|
(28)
|
(32)
|
(27)
|
(29)
|
(29)
|
(32)
|
(31)
|
(29)
|
(40)
|
(41)
|
(53)
|
(61)
|
(59)
|
(65)
|
(60)
|
(89)
|
(98)
|
(100)
|
(101)
|
(73)
|
(66)
|
(67)
|
(74)
|
(80)
|
(79)
|
(82)
|
(58)
|
(44)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
|
| Net Income (Common) |
(43)
N/A
|
(43)
-1%
|
(45)
-6%
|
(48)
-7%
|
(42)
+12%
|
(49)
-16%
|
(58)
-18%
|
(62)
-6%
|
(62)
+0%
|
(61)
+2%
|
(60)
+2%
|
(59)
+2%
|
(63)
-7%
|
(67)
-7%
|
(60)
+10%
|
(62)
-3%
|
(47)
+24%
|
(41)
+13%
|
(37)
+11%
|
(34)
+8%
|
(39)
-17%
|
(36)
+8%
|
(32)
+10%
|
(40)
-22%
|
(43)
-8%
|
(37)
+13%
|
(40)
-6%
|
(28)
+29%
|
(23)
+20%
|
(25)
-9%
|
(21)
+14%
|
(23)
-6%
|
(25)
-12%
|
(28)
-11%
|
(32)
-13%
|
(27)
+14%
|
(29)
-6%
|
(29)
+1%
|
(32)
-11%
|
(31)
+3%
|
(29)
+6%
|
(40)
-39%
|
(41)
-2%
|
(53)
-30%
|
(61)
-14%
|
(59)
+3%
|
(65)
-9%
|
(60)
+8%
|
(89)
-49%
|
(98)
-10%
|
(100)
-2%
|
(101)
-1%
|
(73)
+28%
|
(66)
+9%
|
(67)
-2%
|
(74)
-10%
|
(80)
-7%
|
(79)
+1%
|
(81)
-4%
|
(58)
+28%
|
(45)
+23%
|
|
| EPS (Diluted) |
-10 378.41
N/A
|
-10 444.89
-1%
|
-11 052.98
-6%
|
-11 662.2
-6%
|
-10 060.54
+14%
|
-12 914.83
-28%
|
-13 439.2
-4%
|
-14 244.65
-6%
|
-6 170
+57%
|
-6 071
+2%
|
-5 978
+2%
|
-5 882
+2%
|
-6 266
-7%
|
-6 681
-7%
|
-6 040.99
+10%
|
-6 235
-3%
|
-4 740
+24%
|
-4 115
+13%
|
-1 826
+56%
|
-1 124.33
+38%
|
-982.75
+13%
|
-904.74
+8%
|
-541
+40%
|
-329.83
+39%
|
-178.79
+46%
|
-195.94
-10%
|
-68.2
+65%
|
-36.66
+46%
|
-27.14
+26%
|
-30.4
-12%
|
-18.76
+38%
|
-14.08
+25%
|
-3.12
+78%
|
-5.74
-84%
|
-3.11
+46%
|
-2.28
+27%
|
-2.23
+2%
|
-2.35
-5%
|
-2.19
+7%
|
-2.01
+8%
|
-0.37
+82%
|
-0.71
-92%
|
-0.21
+70%
|
-0.26
-24%
|
-0.3
-15%
|
-0.3
N/A
|
-0.32
-7%
|
-0.29
+9%
|
-0.37
-28%
|
-0.44
-19%
|
-0.43
+2%
|
-0.43
N/A
|
-0.31
+28%
|
-0.28
+10%
|
-0.28
N/A
|
-0.31
-11%
|
-0.33
-6%
|
-0.34
-3%
|
-0.35
-3%
|
-0.26
+26%
|
-0.2
+23%
|
|