Gevo finished 2025 with $45 million in Q4 revenue and achieved a positive cash flow from operations of $20 million for the quarter. The company successfully integrated the Gevo North Dakota (formerly Red Trail Energy) acquisition, which contributed significantly to record ethanol production and carbon removal credits. Gevo is now targeting neutral to positive cash flow from operations for the full year 2026.

Gevo delivered solid operational performance in Q3 2025, with the Gevo North Dakota segment producing substantial income and the RNG facility contributing positively to Adjusted EBITDA. The company also completed the sale of $30 million in clean fuel tax credits during the quarter.

Gevo achieved a landmark quarter with positive net income of $2.1 million and positive Adjusted EBITDA of $17.3 million, primarily due to successful operations at Gevo North Dakota, the commencement of Carbon Dioxide Removal (CDR) credit sales, and Clean Fuel Production Credit (CFPC) sales.

Gevo reported a significant increase in total operating revenue in the first quarter of 2025, primarily driven by the acquisition of Gevo North Dakota. The company's net loss per share was $0.09. Gevo is focused on achieving positive Adjusted EBITDA in 2025, supported by the performance of its RNG and newly acquired North Dakota facilities, and the expected monetization of Section 45Z tax credits.

In Q4 2024, Gevo posted $8.9 million in combined operating revenue and investment income and ended the quarter with $259 million in cash, cash equivalents, and restricted cash. The company reported a net loss per share of $0.08, an operating loss of $19.6 million, and an adjusted EBITDA loss of $11.3 million. Its RNG subsidiary posted a modest adjusted EBITDA profit despite a loss from operations.

Gevo's combined revenue and interest and investment income for the third quarter of 2024 was $5.8 million. The company ended the quarter with $292.9 million in cash, cash equivalents, and restricted cash. Gevo also secured a conditional commitment for a $1.6 billion loan guarantee from the DOE for its NZ1 project and acquired CultivateAI.