California Ethanol was the largest of Aemetis, Inc’s 3 reported lines in fiscal 2025, at $115.83M — 78% of $148.00M.
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| North America | — | — | — | — | ||||||
| Ethanol Sales | — | — | — | — | ||||||
| Ethanol & High-Grade Alcohol Sales | — | — | — | — | ||||||
| California Ethanol | $165.88M | $78.40M | $118.88M | $115.83M | ||||||
| India Biodiesel | $27.04M | $74.50M | $86.65M | $23.51M | ||||||
| Wet Distiller'S Grains Sales | — | — | — | — | ||||||
| Biodiesel Sales | — | — | — | — | ||||||
| India | — | — | — | — | ||||||
| California Dairy Renewable Natural Gas | — | $4.47M | $9.21M | $8.66M | ||||||
| Other Sales | — | — | — | — | ||||||
| Refined Glycerin Sales | — | — | — | — | ||||||
| Pfad Sales | — | — | — | — | ||||||
| Total | $192.92M | $157.38M | $214.74M | $148.00M |
In fiscal 2025, which ended December 31, 2025, the 3 segments Aemetis, Inc reported in this breakdown added up to $148.00M. That was down 31.1% from $214.74M in fiscal 2024. California Ethanol was the largest segment, at $115.83M or 78.3% of the total, followed by India Biodiesel ($23.51M, 15.9%) and California Dairy Renewable Natural Gas ($8.66M, 5.9%). Together, the two largest segments made up 94.1% of this total.
Compared with fiscal 2024, every sizeable segment reported in both years shrank. California Ethanol held up best, down 2.6% to $115.83M, while India Biodiesel fell the most, down 72.9% to $23.51M.
California Dairy Renewable Natural Gas was first reported as a separate segment in fiscal 2023. The table also keeps 9 segments that Aemetis, Inc no longer reports, so earlier years can still be read on their original basis; use "Show 9 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2016 to 2025, as reported in Aemetis, Inc's annual filings.
Ethanol Sales was the largest of Aemetis, Inc’s 7 reported lines in fiscal 2024, at $118.88M — 45% of $261.45M.
| Product and Service | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Alternative Energy, Ethanol | $165.88M | — | — |
| Ethanol Sales | — | $78.40M | $118.88M |
| Renewable Energy, Biodiesel | $27.04M | $74.50M | $86.65M |
| Wet Distillers Grains | $50.93M | $21.96M | $36.21M |
| Product & Service, Other | $11.39M | $3.70M | $6.66M |
| Rin Sales | — | $4.47M | $9.21M |
| Lcfs Credit Sales | — | — | $2.92M |
| Gas Sales | — | $981.00K | $907.00K |
| Gas Molecules & Rin Credits | $208.00K | — | — |
| Total | $255.44M | $184.03M | $261.45M |
In fiscal 2024, which ended December 31, 2024, the 7 revenue lines Aemetis, Inc reported in this breakdown added up to $261.45M. The revenue lines reported changed from fiscal 2023, so the total is not directly comparable with the $184.03M reported that year. Ethanol Sales was the largest revenue line, at $118.88M or 45.5% of the total, followed by Renewable Energy, Biodiesel ($86.65M, 33.1%) and Wet Distillers Grains ($36.21M, 13.9%). Together, the two largest revenue lines made up 78.6% of this total.
Compared with fiscal 2023, Rin Sales grew the fastest, rising 105.8% to $9.21M. Every sizeable revenue line reported in both years grew. Because revenue lines were added or dropped between the two years, part of this reflects how Aemetis, Inc regrouped its reporting.
Ethanol Sales (fiscal 2023), Rin Sales (fiscal 2023), Lcfs Credit Sales (fiscal 2024) and Gas Sales (fiscal 2023) were first reported as separate revenue lines during this period. The table also keeps 2 revenue lines that Aemetis, Inc no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2022 to 2024, as reported in Aemetis, Inc's annual filings.
Kinergy was the largest of Aemetis, Inc’s 3 reported lines in fiscal 2021, at $110.70M — 54% of $203.88M.
| Counterparty Name | FY 2021 |
|---|---|
| Kinergy | $110.70M |
| Murex | $51.70M |
| J.D. Heiskell | $41.48M |
| Total | $203.88M |
In fiscal 2021, which ended December 31, 2021, the 3 revenue lines Aemetis, Inc reported in this breakdown added up to $203.88M. Kinergy was the largest revenue line, at $110.70M or 54.3% of the total, followed by Murex ($51.70M, 25.4%) and J.D. Heiskell ($41.48M, 20.3%). Together, the two largest revenue lines made up 79.7% of this total.
This breakdown covers every fiscal year from 2021 to 2021, as reported in Aemetis, Inc's annual filings.
Aemetis, Inc (AMTX) breaks its revenue down by segment and revenue line. In fiscal 2025, its largest segment was California Ethanol, with $115.83M or 78.3% of the total, followed by India Biodiesel at $23.51M (15.9%).
California Ethanol was Aemetis, Inc's largest segment in fiscal 2025, with $115.83M in revenue, 78.3% of the $148.00M reported across its 3 segments.
Ethanol Sales was Aemetis, Inc's largest revenue line in fiscal 2024, with $118.88M in revenue, 45.5% of the $261.45M reported across its 7 revenue lines.
Every figure is taken from Aemetis, Inc's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2016 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.