Is Aemetis going out of business?

AEMETIS, INC (AMTX) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

AEMETIS, INC (AMTX) scores 21 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 24.86% (YoY)

Five questions, kept separate

Survival - Critical

Under 1 mo of estimated runway from 2026-06-30, based on $973K of cash and short-term investments against $22.7M of annual burn. Adjusted shares outstanding increased 24.9% over the comparison year.

Business quality - Poor

-18.8% operating margin and -11.5% FCF margin produce a poor Business Quality assessment.

Trajectory - Mixed

Revenue weakened 1.7%; operating margin improved 14.2pp; FCF margin weakened 5.2pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-15.6% normalized FCF yield supports an extreme expectations Valuation assessment on the annual basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. It appears across 2 scanned filings. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Shares dilution YoY: 24.86% (YoY)
• Debt / Equity: Negative equity (balance sheet deficit; monitor solvency)
• Interest coverage: -0.2x
• Filing event risk: Going-Concern Warning (-8 pts)
• Gross margin (industrial): -0.39%
• FCF margin: -11.51%
• Asset Efficiency: 0.68x
• Net income trend: 59.96% (Loss narrowing)
• Revenue CAGR (3Y): 91.57%
• Operating leverage: 4846.1%
• Revenue growth YoY: 20.02% (Industrial YoY) - Growth from a low base; sustainability uncertain.
• ROE quality: 23.91%

Read from filings through 2026-08-06.

Price as of 2026-09-11.