Gevo, Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 10, 2026
GEVO$1.39-5.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating Activities | ||
| Net loss | $(172,543) | $(26,621) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Impairment of long-lived assets | 135,788 | — |
| Allowance for credit losses on refundable deposits | 40,282 | — |
| Loss on disposal of property and equipment | 210 | — |
| Loss on extinguishment of bonds | 10,304 | 369 |
| Stock-based compensation | 7,096 | 6,504 |
| Depreciation and amortization | 20,569 | 20,239 |
| Change in fair value of derivative instruments | 968 | (15) |
| Production tax credits generated | (49,448) | (34,006) |
| Amortization of deferred financing costs | 1,576 | 1,334 |
| Other non-cash expense (income) | 1,806 | (793) |
| Changes in operating assets and liabilities, net of effects of acquisition: | ||
| Accounts receivable | (18,948) | (361) |
| Inventories | (1,452) | (4,108) |
| Prepaid expenses and other current assets, deposits and other assets | 3,873 | (7,455) |
| Accounts payable, accrued expenses and non-current liabilities | (9,145) | 6,907 |
| Proceeds from production tax credit sale | 41,089 | 4,650 |
| Net cash provided by (used in) operating activities | 12,025 | (33,356) |
| Investing Activities | ||
| Acquisitions of property, plant and equipment | (51,587) | (18,907) |
| Acquisition of Red Trail Energy, net of cash acquired | — | (198,461) |
| Capitalization of patent costs | (388) | — |
| Equity investment in an unconsolidated entity | (1,500) | — |
| Issuance of note receivable | (250) | — |
| Net cash used in investing activities | (53,725) | (217,368) |
| Financing Activities | ||
| Proceeds from issuance of bonds | — | 40,000 |
| Redemption of bonds | (68,155) | (40,000) |
| Term loan proceeds | 70,000 | 105,000 |
| Payment of debt issuance costs | (2,612) | (9,425) |
| Non-controlling interest | — | 5,000 |
| Payment of prepayment penalty on redemption of bonds | (6,506) | — |
| Proceeds from the exercise of stock options | 345 | 456 |
| Payment of loans payable | — | (21) |
| Payment of finance lease liabilities | (152) | (945) |
| Payments for tax withholdings on employee equity awards | (605) | — |
| Net cash (used in) provided by financing activities | (7,685) | 100,065 |
| Net decrease in cash and cash equivalents | (49,385) | (150,659) |
| Cash, cash equivalents and restricted cash at beginning of period | 116,939 | 259,033 |
| Cash, cash equivalents and restricted cash at end of period | $67,554 | $108,374 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
(Unaudited, in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| Schedule of cash, cash equivalents and restricted cash | 2026 | 2025 |
| Cash and cash equivalents | $67,554 | $72,598 |
| Restricted cash (current) | — | 28,770 |
| Restricted cash (non-current) | — | 7,006 |
| Total cash, cash equivalents and restricted cash | $67,554 | $108,374 |
| Nine Months Ended September 30, | ||
|---|---|---|
| Supplemental disclosures of cash and non-cash investing and financing transactions | 2026 | 2025 |
| Cash paid for interest, net of amounts capitalized | $14,661 | $8,151 |
| Capitalized interest included in property, plant and equipment | $863 | $— |
| Non-cash purchase of property, plant and equipment | $1,992 | $3,997 |
| Redeemable non-controlling interest issued for payment of debt issuance costs | $2,009 | $— |
| Stock-based awards and related share issuances, net | $1,069 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.