Aemetis Inc. (DE) Common Stock (AMTX)

FairStock Score: 31/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Mr. Market is offering Aemetis at $1.56, a $112.6M market cap as of 2026-10-13. In fiscal Q2 2026, ended 2026-06-30, revenue was $62.7M and net income was -$9.4M, or -$0.13 per diluted share. That is a narrower loss than fiscal Q1 2026's -$21.7M and fiscal Q2 2025's -$23.4M, so there is a flicker of operating improvement. But the annual record is grim: FY2023 net loss -$46.4M, FY2024 -$87.5M, FY2025 -$77.0M. The Lynch category is none because the company has lost money in each of the last four years. The competitive moat appears weak; ROCE is -2.73%, FCF is -$39.3M TTM, and FCF yield is -34.9%, so annual cash burn is equal to roughly 34.9% of market capitalization. The Altman Z-Score is -4.44, a distress signal, and the negative P/E of -1.81 means there are no earnings to value. Revenue growth is listed at 27.36% and profit growth at 11.48%, but FY2025 filed revenue of $197.6M was below FY2024's $267.6M, so the trend is uneven. A renewable fuels business may have demand tailwinds, but without durable profits, pricing power, or self-funding cash flow, there is no margin of safety. The FairStock Score is 31/100; the price may look low, but the business is not yet earning its cost of capital. I would need clear evidence of shrinking losses and positive free cash flow before calling this a sound value.

In plain English: Aemetis is a renewable fuels company that makes ethanol, renewable natural gas, and biodiesel. It is growing sales, and its most recent quarter showed a smaller loss than earlier periods, but the business has lost money for years and uses more cash than it brings in. At $1.56 a share, the price does not look cheap against those weak profits and cash losses.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer