Aemetis, Inc.
AMTX · Price history
Price at last available close
$1.30
−$0.53 (-28.96%) 1M
2026-10-28
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About Aemetis, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Aemetis, Inc. is an enterprise specializing in renewable natural gas and sustainable fuels, conducting operations across North America and India. The company's business activities are structured into three primary divisions: California Ethanol, Dairy Renewable Natural Gas, and India Biodiesel. A core objective for Aemetis is the procurement, development, and market launch of innovative products and technologies that offer negative carbon intensity, serving as eco-friendly alternatives to traditional petroleum-based goods.
How they make money
Aemetis operates as a renewable natural gas and renewable fuels company that produces low and negative carbon intensity products. It generates revenue primarily through the sale of ethanol, renewable natural gas, and related agricultural byproducts, while also leveraging production tax credits to enhance its financial performance.
Products & services
Ethanol, renewable natural gas (RNG), wet distillers grains (WDG), distillers corn oil (DCO), and condensed distillers solubles (CDS).
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Ethanol marketersSource
Disclosed major customers
- J.D. HeiskellSource
Customer concentration
The company sells substantially all of its California ethanol, WDG, DCO, and CDS production to J.D. Heiskell under a purchasing agreement as of the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Agricultural producers — Suppliers of agricultural products and waste used as feedstock for biofuel production; specific supplier companies are unnamed.Source
Competitors
- Commercial ethanol production facilities — The company competes with approximately 191 commercial ethanol production facilities in the U.S. as reported by the EIA.Source
Strengths
- Development of low and negative carbon intensity technologiesSource
Risks
- Dependence on a single customer for ethanol and byproduct salesSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
10
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
17
Poor
Financial Strength
6
Business Quality / Moat
0
Management
33
Growth Quality
46
Risk / Durability
15
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
27
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
36/100
Building Historical Record
Model Score 36/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •CRITICAL: Going-concern warning
- •Severe debt stress
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for AMTX
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can AMTX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can AMTX fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is AMTX's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for AMTX to reach sustainable profitability?
- •What future growth or profitability would be needed to justify AMTX's current valuation?
Essential Investment Snapshot
Wall Street Score
10
Opportunity Score
27
Market Cap
$93.8M
P/E Ratio
-2.0
EPS
$-0.91
52-Week High
$3.80
52-Week Low
$1.30
Beta
1.47
Analyst Target
$3.50
Shares Outstanding
65.8M
Total Revenue
$230.2M
Total Debt
$419.9M
Dividend
No current dividend
Liquidation Value / Share
$-4.90
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AMTX
Detected from reported data — verify before acting.CRITICAL: Going-concern warning
A recent SEC filing contains explicit going-concern language. Wall Street Score is capped at 15 until the distress condition is resolved in later filings.
Supporting filingSevere debt stress
Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on AMTX.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Development of low and negative carbon intensity technologies.
Potential downside factors
- −Debt risk (severe): Negative shareholder equity.
- −Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
10
Sep 8, 2026
Change
Unchanged
Current Score
10
Oct 1, 2026
Category Changes
AMTX score was unchanged.
Projected Score
Projected Score
10
Projected Change
+0.1 points
Preliminary comparable-period financial changes suggest improvement of approximately 0.1 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.30
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $230.2M | $208.0M | $267.6M | $186.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $206.2M | $208.7M | $268.2M | $184.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $23.9M | -$768K | -$580K | $2.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $152K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $26.4M | $36.5M | $39.8M | $39.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $35.5M | $36.5M | $39.8M | $39.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$9.3M | -$24.4M | -$49.8M | -$34.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$11.6M | -$37.2M | -$40.4M | -$37.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $46.8M | $61.1M | $40.2M | $33.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$71.7M | -$95.7M | -$98.4M | -$100.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$11.6M | -$18.7M | -$10.8M | -$53.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$60.2M | -$77.0M | -$87.5M | -$46.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.91 | $-1.28 | $-1.91 | $-1.22 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 70.89M | 65.78M | 45.90M | 38.06M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 70.89M | 65.78M | 45.90M | 38.06M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$62.7M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.13
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+22.0%
Cash Change
-40.9%
Margin Change
+29.8 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, net income margin. Pressure indicators included EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 20.0%. EPS declined 68.3%. Cash declined 40.9%. Total debt increased 22.0%. Net income margin improved by 29.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Chemicals - SpecialtyNews
Aemetis Begins Operation of Two New Biogas Digesters
3 Stocks Put Traders Are Targeting Today: AMTX, ACAD, REZI
Aemetis Receives $22.4 million from Sale of Section 45Z Clean Fuel Production Tax Credits
Aemetis Receives $22.4 million from Sale of Section 45Z Clean Fuel Production Tax Credits
Rumor Mill · AMTX
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial