GEVOHIGH SIGNALFINANCIAL10-K

GEVO experienced a dramatic 87% revenue collapse while simultaneously more than doubling total debt and current liabilities, creating severe financial stress.

The massive revenue decline combined with exploding debt levels (from $67M to $165M) and current liabilities (from $24M to $79M) signals acute liquidity pressure and potential operational distress. While operating losses improved, this appears driven by the revenue collapse rather than operational efficiency, creating questions about the company's ability to service its dramatically increased debt burden.

Comparing 2026-03-05 vs 2025-03-27View on EDGAR →
FINANCIAL ANALYSIS

GEVO's financials show severe deterioration with revenue plummeting 87% to just $711K while total debt more than doubled to $165M and current liabilities tripled to $79M. Working capital components like inventory and accounts receivable surged 300%+ despite the revenue collapse, suggesting operational dysfunction or timing issues. Although operating losses and cash burn improved significantly, this improvement is overshadowed by the company's dramatically weakened balance sheet and minimal revenue generation relative to its debt obligations.

FINANCIAL STATEMENT CHANGES
Inventory
Balance Sheet
+323.7%
$4.5M→$19.1M

Inventory surged 323.7% — growing significantly faster than typical sales pace; potential demand softening or supply chain overcorrection.

Accounts Receivable
Balance Sheet
+248.2%
$2.4M→$8.4M

Receivables surged 248.2% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Current Liabilities
Balance Sheet
+222.6%
$24.4M→$78.6M

Current liabilities surged 222.6% — significant near-term obligations; verify ability to meet short-term debt.

Total Liabilities
Balance Sheet
+162.3%
$94.5M→$247.8M

Liabilities grew 162.3% — significant increase in debt or obligations, assess impact on financial flexibility.

Total Debt
Balance Sheet
+145.4%
$67.1M→$164.8M

Debt increased 145.4% — substantial leverage increase; assess whether deployed for growth or covering losses.

SG&A Expense
P&L
+103.5%
$12.5M→$25.5M

SG&A up 103.5% — significant increase in sales or administrative costs, monitor impact on operating leverage.

Revenue
P&L
-87.2%
$5.5M→$711K

Revenue declined 87.2% — significant demand weakness or market share loss warrants investigation.

Interest Expense
P&L
+85.2%
$1.2M→$2.2M

Interest expense surged 85.2% — significant debt increase or rising rates materially impacting earnings.

Operating Income
P&L
+77.7%
-$90.8M→-$20.2M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Operating Cash Flow
Cash Flow
+76.6%
-$57.4M→-$13.4M

Operating cash flow surged 76.6% — exceptional cash generation, highest quality earnings signal.

LANGUAGE CHANGES
NEW — 2026-03-05
PRIOR — 2025-03-27
ADDED
As of March 3, 2026, the number of outstanding shares of the registrant s common stock, par value $0.01 per share, was 242,820,602 .
As our SAF has not previously been used as a commercial fuel in significant amounts, its use exposes us to product liability risks.
(Nasdaq: GEVO), a Delaware corporation founded in 2005, is a growth-oriented company that focuses on hard to decarbonize market sectors such as jet fuel, certain specialty fuels, on-road fuels, chemicals and materials, and certain products for the food chain such as protein and feeds made as co-products from our processes.
Each of the market areas that Gevo focuses on has the common need for carbon-based products and is not conducive to full electrification or hydrogen.
We produce and sell competitively priced, renewable, drop-in products for these sectors, and generate carbon abatement value through our plant design and business systems.
+7 more — sign up free →
REMOVED
As of March 26, 2025, the number of outstanding shares of the registrant s common stock, par value $0.01 per share, was 239,609,874 .
We may not be successful in the commercialization of alcohol-to-SAF projects utilizing Axens technology.
The technological and logistical challenges associated with producing, marketing, selling and distributing renewable hydrocarbon products are complex, and we may not be able to resolve such complexities in a timely or cost-effective manner, or at all.
We may be unable to produce renewable hydrocarbon products in accordance with customer specifications.
The amount of our indebtedness could adversely affect our ability to raise additional capital to fund our operations, limit our ability to react to changes in the economy or our industry and prevent us from fulfilling certain obligations.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →