AEMETIS, INC
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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FY2025 · Filed Mar 16, 2026
AMTX$1.59-8.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Years ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities: | ||
| Net loss | $(77,001) | $(87,537) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Share-based compensation | 5,771 | 8,314 |
| Stock issued for services | 200 | - |
| Depreciation | 9,579 | 8,341 |
| Bad debt expense | 385 | - |
| Intangibles and other amortization expense | 46 | 46 |
| Debt related fees and amortization expense | 6,707 | 6,463 |
| Accretion and other expenses of Series A preferred units | 8,226 | 12,698 |
| Gain (Loss) on asset disposals | (4) | 3,702 |
| Gain on debt/liability extinguishment | (1,007) | (162) |
| Loss on impairment of intangibles | 43 | - |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,302 | 6,754 |
| Inventories | 13,115 | (7,766) |
| Prepaid expenses | 276 | 1,533 |
| Tax credit sale receivable | 12,300 | (12,300) |
| Other assets | (4,537) | (2,839) |
| Accounts payable | (7,533) | (1,294) |
| Accrued interest expense and fees, net of interest paid | 30,790 | 27,910 |
| Other liabilities | 4,605 | 3,208 |
| Net cash provided by (used in) operating activities | 3,263 | (32,929) |
| Investing activities: | ||
| Capital expenditures | (26,002) | (20,254) |
| Grant proceeds received for capital expenditures | 411 | 6,105 |
| Net cash used in investing activities | (25,591) | (14,149) |
| Financing activities: | ||
| Proceeds from borrowings | 44,926 | 19,461 |
| Repayments of borrowings | (37,104) | (5,010) |
| Lender debt renewal and waiver fee payments | (1,307) | (1,441) |
| Payments on Series A preferred financing | (8,270) | - |
| Payments on finance leases | (168) | (179) |
| Proceeds from sales of common stock | 28,075 | 31,750 |
| Proceeds from the exercise of stock options | 257 | 36 |
| Net cash provided by financing activities | 26,409 | 44,617 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (26) | 12 |
| Net change in cash and cash equivalents and restricted cash for period | 4,055 | (2,449) |
| Cash, cash equivalents, and restricted cash at beginning of period | 3,831 | 6,280 |
| Cash, cash equivalents, and restricted cash at end of period | 7,886 | 3,831 |
| Supplemental disclosures of cash flow information, cash paid: | ||
| Cash paid for interest | $13,853 | $9,223 |
| Income taxes paid | 626 | 1,814 |
| Supplemental disclosures of cash flow information, non-cash transactions: | ||
| Settlement of Accounts Payable via issuance of common stock | 45 | 265 |
| Subordinated debt extension fees added to debt | 1,020 | 680 |
| Fair value of warrants issued to subordinated debt holders | 740 | 916 |
| Lender debt extension, waiver, and other fees added to debt | 1,883 | 695 |
| Cumulative capital expenditures in accounts payable and accruals | 8,345 | 11,152 |
| Unpaid capital expenditures in construction financing | 3,470 | - |
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