Flagship explainer

How AEMETIS, INC makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$198M · 100%Cost of revenue$209M · 106%Gross profit−$768000 · −0%Operating income−$37.2M · −19%Income before tax−$95.7M · −48%Income tax−$18.7M · −9%Net income−$77M · −39%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$198M100%
Cost of revenue$209M106%
−$768000−0%
−$37.2M−19%
Income before tax−$95.7M−48%
Income tax−$18.7M−9%
−$77M−39%
Source: · event Dec 31, 2025 · retrieved Sep 19, 2026 · annual-row source set
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