GEVO Balance Sheet (2010-2025) | GEVO

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Balance Sheet	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Assets
Current Assets
Cash & Equivalents (Quarter)	42.12M	22.52M	15.27M	116.48M	105.20M	97.61M	94.22M	73.62M	38.60M	92.00M	66.74M	54.10M	40.59M	25.66M	24.62M	8.42M	5.91M	14.01M	6.36M	4.35M	22.53M	16.20M	17.03M	8.67M	22.62M	31.06M	30.50M	20.39M	16.30M	14.76M	11.55M	7.03M	27.03M	38.32M	33.73M	35.47M	29.16M	80.60M	16.30M	9.29M	6.34M	80.62M			57.65M	49.80M	40.83M	44.63M	5.89M	1.02M	237.12M	342.30M	347.67M	323.51M	77.25M	270.64M	245.68M	223.23M	189.39M	65.29M	57.26M	28.77M	28.77M
Short-term Investments (Quarter)			0.62M		1.34M	1.37M	0.47M	0.06M			0.27M	0.01M	0.05M	0.10M																															246.89M	285.24M	25.03M	265.81M	297.63M	222.01M	1.03M	32.90M			77.20M					2.01M	0.65M	0.01M	0.09M
Cash & Current Investments (Quarter)	42.12M	22.52M	15.90M	116.48M	106.54M	98.97M	94.70M	73.68M	38.60M	92.00M	67.02M	54.11M	40.64M	25.76M	24.62M	8.42M	5.91M	14.01M	6.36M	4.35M	22.53M	16.20M	17.03M	8.67M	22.62M	31.06M	30.50M	20.39M	16.30M	14.76M	11.55M	7.03M	27.03M	38.32M	33.73M	35.47M	29.16M	80.60M	16.30M	9.29M	6.34M	80.62M			304.53M	335.04M	65.86M	310.44M	303.52M	223.04M	238.16M	375.19M	347.67M	323.51M	154.45M	270.64M	245.68M	223.23M	189.39M	67.30M	57.91M	28.79M	28.86M
Receivables - Net (Quarter)			2.83M		2.35M	2.75M	2.94M	3.03M	1.13M	0.74M	0.70M	1.04M	0.50M	0.87M	1.36M	1.66M	3.08M	2.04M	2.36M	2.15M	2.32M	1.13M	1.39M	0.87M	1.67M	1.08M	1.12M	1.20M	1.36M	1.24M	1.05M	1.29M	1.44M	0.64M	0.53M	1.12M	0.17M	0.38M	1.14M	0.15M	0.75M	0.37M	0.50M	0.09M	0.85M	0.51M	0.98M	0.17M	0.19M	0.35M	0.48M	0.10M	1.01M	2.24M	2.62M	30.00M	2.28M	1.41M	2.41M	11.75M	11.03M	7.74M	8.39M
Receivables - Other (Quarter)																																														1.50M	1.53M	1.25M	1.02M	0.69M		1.22M	1.42M	1.40M	1.33M	1.20M	1.04M					0.15M
Receivables (Quarter)			2.83M		2.35M	2.75M	2.94M	3.03M	1.13M	0.74M	0.70M	1.04M	0.50M	0.87M	1.36M	1.66M	3.08M	2.04M	2.36M	2.15M	2.32M	1.13M	1.39M	0.87M	1.67M	1.08M	1.12M	1.20M	1.36M	1.24M	1.05M	1.29M	1.44M	0.64M	0.53M	1.12M	0.17M	0.38M	1.14M	0.15M	0.75M	0.37M	0.50M	0.09M	0.85M	2.01M	2.51M	1.42M	1.21M	1.04M	0.48M	1.32M	2.43M	3.64M	3.95M	31.20M	3.32M	1.41M	2.41M	11.75M	11.03M	7.90M	8.39M
Raw Materials (Quarter)															0.51M		0.31M	0.38M	0.35M	0.16M	0.26M	0.14M	0.00M	0.38M	0.00M	0.19M	0.31M	0.01M	0.39M	0.28M	0.20M																				0.17M		0.16M	0.13M	0.47M	0.10M	0.19M	0.51M	0.20M	3.46M	8.28M	7.36M	3.53M
Work In Process (Quarter)															0.22M		1.42M	0.23M	0.61M	1.41M	1.39M	1.35M	1.42M	0.46M	1.32M	1.31M	1.35M	1.40M	1.47M	1.46M	1.41M																				4.19M				2.07M	1.95M	1.59M	0.49M	0.25M	2.14M	1.16M	5.22M	3.85M
Finished Goods (Quarter)															0.19M		1.07M	0.62M	0.52M	0.88M	0.57M	0.39M	0.51M	0.69M	0.08M	0.01M	0.07M	0.99M	0.58M	0.23M	0.52M																				1.58M		1.18M	1.18M	1.17M	1.17M	1.06M	1.06M	1.25M	2.70M	1.84M	1.56M	2.03M
Inventory (Quarter)			3.77M		6.41M	4.97M	3.81M	5.45M			6.66M	4.43M	3.43M	4.20M	3.58M	3.72M	4.24M	4.03M	4.29M	4.50M	2.90M	2.70M	3.49M	2.99M	2.88M	3.20M	3.46M	4.18M	4.29M	4.33M	4.36M	4.36M	3.85M	3.30M	3.17M	3.19M	3.33M	2.96M	3.20M	2.68M	2.48M	2.55M	2.49M	2.45M	2.22M	2.34M	2.75M	2.73M	2.65M	4.13M	6.35M	4.36M	4.39M	3.69M	3.81M	3.76M	3.44M	5.85M	4.50M	16.79M	16.94M	21.91M	19.08M
Prepaid Assets (Quarter)			1.04M		0.92M	1.29M	1.76M	1.64M			1.51M	1.71M	1.48M	1.27M	1.16M	1.13M	0.94M	0.86M	0.73M	0.55M	0.57M	0.62M	0.73M	1.01M	0.88M	0.84M	0.85M	0.86M	0.96M	0.83M	0.71M	0.63M	0.89M	0.95M	1.28M	1.90M	1.47M	1.56M	3.59M	3.84M	3.79M	4.61M	1.91M	5.66M	4.50M	7.24M	3.61M	5.86M	0.90M	3.63M	3.03M	4.99M	4.44M	4.03M	1.36M	1.83M	1.32M	1.80M	5.92M	8.54M	2.56M	5.69M	1.46M
Current Assets (Quarter)			23.89M		116.58M	107.98M	102.73M	84.19M			75.88M	61.28M	46.05M	32.09M	30.73M	14.94M	14.17M	20.94M	13.74M	11.55M	28.32M	20.66M	22.64M	13.54M	28.06M	36.19M	33.32M	26.64M	22.93M	21.17M	17.68M	13.31M	47.58M	43.20M	38.71M	41.68M	34.12M	25.84M	24.23M	15.96M	13.36M	88.16M	83.27M	533.52M	329.18M	361.34M	348.54M	335.42M	484.62M	431.72M	415.42M	386.41M	428.69M	411.23M	386.38M	282.30M	258.11M	236.63M	203.71M	103.86M	170.44M	136.71M	143.40M
Non-Current Assets
Construction in Progress (Quarter)							8.30M		48.10M	48.10M	56.10M	57.90M	58.50M	63.90M	65.70M	65.70M	65.70M																												-0.80M	-0.80M	-0.80M	-0.70M	-0.70M	-0.90M
Property, Plant & Equipment (Net) (Quarter)			23.46M		23.90M	24.37M	28.78M	42.14M			77.09M	78.13M	77.99M	82.70M	83.47M	83.24M	83.70M	82.51M	81.24M	79.60M	77.90M	76.50M	76.78M	78.56M	77.77M	76.51M	75.59M	74.54M	73.24M	71.92M	70.37M	68.76M	67.18M	66.85M	67.46M	68.05M	68.00M	67.15M	66.70M	65.86M	64.69M	63.32M	66.41M	70.70M	79.24M	102.16M	137.74M	156.90M	176.05M	166.00M	185.17M	19.00M	19.70M	238.12M	211.56M	227.67M	233.32M	219.80M	221.64M	339.07M	344.91M	343.34M	353.58M
Long-Term Investments (Quarter)																																						1.50M	1.50M	1.50M	1.50M	1.50M			175.17M	101.00M	64.40M	32.72M
Goodwill (Quarter)																																																										3.74M	3.74M	41.60M	43.56M	43.56M	43.56M
Intangibles (Quarter)																																											0.11M			9.10M	8.94M	8.66M	8.36M	8.00M	9.48M	7.40M	9.48M	9.48M	6.52M	9.48M	9.48M	12.38M	8.13M	52.11M	70.33M	79.56M	52.73M
Goodwill & Intangibles (Quarter)																																											0.11M			9.10M	8.94M	8.66M	8.36M	8.00M	9.48M	7.40M	9.48M	9.48M	6.52M	9.48M	9.48M	16.12M	11.87M	93.72M	113.89M	123.12M	96.29M
Other Non-Current Assets (Quarter)			0.93M		0.77M	0.69M	1.02M	0.69M			1.40M	1.40M	1.04M	1.40M	1.35M	0.74M	2.61M	0.85M	0.80M	0.80M	0.80M	0.80M	0.80M	2.61M	2.61M	2.61M	0.80M	2.61M	26.10M	0.80M	0.80M	0.80M	1.27M	1.31M	0.86M	1.74M	1.68M	0.98M		0.85M			2.00M		3.40M	6.00M	70.17M	70.24M	70.26M	76.84M	0.28M	76.74M	19.70M	11.76M	44.32M	69.90M	48.86M	63.52M	69.60M	69.18M	69.60M	72.00M	73.99M
Non-Current Assets (Quarter)			27.71M		24.84M	25.19M	30.30M	43.78M			80.23M	55.07M	80.43M	85.04M	85.63M	85.32M	87.80M	86.54M	85.18M	83.46M	81.73M	80.30M	80.19M	81.98M	81.19M	79.92M	79.01M	77.95M	74.05M	72.72M	71.17M	69.57M	68.45M	68.16M	68.33M	69.78M	69.67M	69.63M	69.13M	68.20M	66.75M	65.33M	68.83M	75.20M	356.50M	314.02M	296.84M	303.24M	289.99M	297.69M	285.33M	302.29M	245.87M	258.29M	263.94M	351.27M	359.81M	347.31M	380.23M	573.95M	531.68M	548.50M	575.52M
Assets (Quarter)			51.61M		141.42M	133.18M	133.03M	127.97M			156.11M	116.36M	126.48M	117.13M	116.36M	100.25M	101.97M	107.48M	98.93M	95.02M	110.05M	100.95M	102.83M	95.51M	109.25M	116.11M	112.32M	104.59M	96.97M	93.89M	88.85M	82.87M	116.03M	111.37M	107.03M	111.46M	103.79M	95.47M	93.36M	84.16M	80.10M	153.49M	152.10M	608.73M	685.67M	675.36M	645.38M	638.66M	774.61M	729.41M	700.75M	688.69M	674.56M	669.52M	650.32M	633.57M	617.91M	583.94M	583.94M	677.80M	702.12M	685.21M	718.93M
Liabilities
Current Liabilities
Accounts Payables (Quarter)			7.90M		7.41M	10.22M	12.44M	17.82M			8.24M	8.98M	10.22M	19.22M	6.46M	9.86M	3.23M	2.76M	8.59M	1.76M	6.61M	3.29M	7.48M	3.58M	1.98M	1.86M	6.19M	5.00M	4.74M	5.13M	0.67M	3.47M	1.05M	1.81M	4.90M				1.47M	0.91M	4.00M	4.90M	0.90M	9.71M	16.39M	10.88M	28.15M	13.41M	18.75M	14.92M	5.01M	0.10M	0.30M	27.89M	2.72M	3.60M	1.69M	26.40M	0.54M	5.61M	43.45M	3.19M	36.51M
Notes Payables (Quarter)																								22.40M	23.34M	25.19M	25.77M	16.49M			0.44M								0.52M	0.38M	0.60M	0.70M	0.81M	1.02M	0.17M	0.17M	0.16M	0.09M	0.16M	0.16M	0.16M	0.15M	0.14M	0.14M	0.13M	0.12M	0.09M	0.05M	0.02M	19.93M
Payables (Quarter)			7.90M		7.41M	10.22M	12.44M	17.82M			8.24M	8.98M	10.22M	19.22M	6.46M	9.86M	3.23M	2.76M	8.59M	1.76M	6.61M	3.29M	7.48M	25.98M	25.32M	27.06M	31.96M	21.49M	4.74M	5.13M	1.10M	3.47M	1.05M	1.81M	4.90M				1.99M	1.29M	4.60M	5.61M	1.70M	10.73M	16.57M	11.04M	28.31M	13.50M	18.91M	15.07M	5.17M	0.25M	0.44M	28.03M	2.85M	3.72M	1.77M	26.45M	0.56M	25.53M	43.45M	3.19M	36.51M
Accumulated Expenses (Quarter)							1.63M		8.50M	0.73M	1.11M	1.47M	1.65M	2.19M	0.82M	0.99M	0.83M	0.95M	1.01M	0.72M	0.93M	0.47M	0.84M	0.54M	0.65M	0.56M	1.39M	0.02M	1.40M	0.44M	0.43M	0.47M	0.66M	0.34M	1.65M				1.95M	0.68M	1.45M	1.59M	1.96M	1.68M	2.32M	4.29M	18.64M		11.52M	8.80M	12.59M	16.19M	3.72M	5.20M	6.45M	4.88M	4.89M	12.10M	9.00M	11.49M	6.88M	9.53M	17.71M
Other Accumulated Expenses (Quarter)							1.29M				1.57M	2.34M	2.48M	3.28M	1.75M	1.92M	1.47M	1.49M	0.04M	1.86M	1.12M	1.27M	0.73M	0.62M	0.96M	0.92M	0.22M	1.40M	1.06M	0.92M	0.20M	0.07M	0.34M	0.40M	0.96M				1.61M	1.50M	1.28M	1.16M	1.09M	4.13M	1.27M	2.11M	2.73M				2.05M			0.00M
Short term Debt (Quarter)			1.78M		1.93M	1.75M	0.19M	0.05M			0.01M	0.01M	10.06M	0.01M	0.79M	1.29M	0.27M	0.25M	0.29M	0.30M	0.31M	0.32M	0.33M	0.34M	0.32M	26.10M	26.10M				13.49M				12.55M		13.39M	13.64M	13.90M	14.05M	14.29M	12.51M																	0.02M
Current Leases (Quarter)																							0.14M	0.14M	0.15M	0.15M	0.15M	0.15M															0.01M		-4.90M	-2.70M	0.77M	-4.00M	-6.20M	-2.10M	0.44M	0.42M	0.03M	0.52M	0.04M	0.36M	1.52M	0.35M	0.33M	0.69M	0.68M	0.67M	0.69M
Current Taxes (Quarter)																							0.14M	0.23M	0.07M	0.21M	0.14M	0.16M	0.09M	0.23M	0.17M	0.36M	0.05M	0.17M	0.10M
Current Deferred Revenue (Quarter)											1.20M	1.20M	1.20M	1.49M	1.00M	1.00M
Total Current Liabilities (Quarter)			12.13M		9.34M	11.97M	16.12M	24.24M			16.77M	18.66M	20.28M	29.71M	21.06M	17.11M	13.15M	10.56M	12.03M	13.70M	15.04M	10.53M	18.30M	32.47M	34.52M	40.32M	34.66M	26.43M	15.77M	13.72M	11.19M	7.31M	4.29M	5.58M	5.29M	18.28M	17.69M	18.10M	20.09M	19.00M	19.17M	18.14M	4.93M	10.73M	21.45M	27.47M	29.09M	17.94M	25.62M	17.63M	25.44M	25.56M	89.58M	96.36M	91.43M	22.06M	25.25M	28.67M	24.36M	51.00M	73.23M	71.66M	78.58M
Non-Current Liabilities
Capital Leases (Quarter)																																											0.16M		-19.50M	-19.40M	0.24M	-17.20M	-16.20M	-16.20M	0.18M	0.18M	0.19M	0.20M	0.19M	0.19M	0.99M	0.61M	0.19M	0.21M	0.23M	0.42M	0.39M
Non-Current Debt (Quarter)			18.65M		17.85M	17.67M	28.24M	26.51M	32.44M	69.59M	15.45M	12.88M	10.22M	7.43M	9.34M	8.73M	31.87M	0.56M	0.48M	0.41M	0.33M	0.24M	0.15M	0.06M															0.23M	0.23M	0.77M	0.58M	0.45M	0.21M	0.39M	0.36M	66.49M	0.28M	0.24M	0.20M	0.16M	0.13M	0.09M	0.05M	0.02M					79.77M	99.97M	100.23M	100.50M
Convertible Debt (Quarter)											25.55M	22.47M	15.93M	14.81M	14.50M	13.81M	12.96M	12.92M	13.68M	13.46M	14.31M	15.24M	14.34M	15.39M	16.55M	8.78M	8.22M	1.09M	8.64M	0.52M	18.71M	16.26M	11.73M	12.15M	12.55M	13.11M
Minority Interest (Quarter)																																																												4.96M	5.66M	5.96M	4.83M
Operating Leases (Quarter)																																													1.78M	1.60M	1.90M	2.30M	2.20M	1.73M	1.45M	1.39M	1.31M	1.38M	1.30M	1.22M	1.14M	1.05M	0.97M	1.84M	1.70M	1.53M	1.42M
Other Non-Current Liabilities (Quarter)		14.00M	2.03M		0.46M	0.25M	0.02M	0.02M			0.51M	0.51M	0.41M	0.41M	0.48M	0.47M	0.36M	0.35M	3.11M	0.30M	8.11M	3.40M	0.15M	2.95M	6.15M	10.72M	2.70M	0.17M	0.15M	6.45M	5.22M	1.47M	0.41M	0.41M	0.40M	0.65M	0.51M	0.02M	0.53M	0.10M	0.28M	0.03M	0.18M	2.10M	0.08M	0.09M	0.09M	0.10M		1.52M	0.82M	0.56M	0.28M				1.10M	1.83M	1.83M	2.14M	2.18M	0.36M	2.25M
Total Non-Current Liabilities (Quarter)		-14.00M	29.62M		27.18M	29.64M	40.87M	50.75M			57.77M	54.01M	46.42M	51.95M	44.90M	39.66M	57.98M	49.61M	48.85M	49.27M	43.74M	44.64M	54.36M	45.12M	44.91M	38.40M	40.36M	27.52M	29.21M	21.03M	20.10M	19.84M	16.02M	17.73M	17.84M	18.28M	17.69M	18.53M	20.33M	19.57M	19.94M	18.87M	5.54M	10.94M	109.47M	115.46M	98.04M	104.13M	110.84M	102.95M	94.45M	94.67M	91.18M				94.07M	97.24M	92.62M	200.87M	220.17M	210.01M	245.51M
Total Liabilities (Quarter)			31.65M		27.65M	29.88M	40.89M	50.77M			58.28M	54.52M	46.84M	52.37M	45.38M	40.12M	58.34M	49.96M	51.96M	49.57M	51.86M	48.03M	54.51M	48.07M	51.06M	49.12M	43.06M	27.69M	29.36M	27.49M	25.32M	21.32M	16.43M	18.14M	18.25M	18.93M	18.20M	18.55M	20.86M	19.67M	20.21M	18.90M	5.72M	13.04M	109.55M	115.56M	98.13M	104.22M	110.84M	104.47M	95.27M	95.23M	91.46M	97.99M	92.93M	91.63M	95.17M	99.07M	94.45M	203.01M	222.35M	210.38M	247.76M
Shareholder's Equity
Total Debt (Quarter)			20.43M		19.77M	19.42M	28.43M	26.56M	32.44M	69.59M	15.46M	12.89M	20.28M	7.44M	10.13M	10.02M	32.14M	0.81M	0.77M	0.70M	0.63M	0.56M	0.48M	0.41M	0.32M	26.10M	26.10M				13.49M				12.55M		13.39M	13.64M	14.13M	14.28M	15.07M	13.09M	0.45M	0.21M	0.39M	0.36M	66.49M	0.28M	0.24M	0.20M	0.16M	0.13M	0.09M	0.05M	0.02M				0.02M	79.77M	99.97M	100.23M	100.50M
Common Equity (Quarter)			19.96M		113.77M	103.30M	92.14M	77.21M			97.83M	87.70M	79.64M	64.76M	70.97M	60.13M	43.64M	57.52M	46.96M	45.44M	58.19M	52.92M	48.33M	10.00M	58.19M	66.99M	69.26M	76.90M	67.61M	66.40M	63.53M	61.55M	99.59M	93.22M	88.79M	92.53M	85.60M	76.92M	72.50M	64.49M	59.89M	134.59M	146.38M	595.69M	576.12M	559.80M	547.25M	534.43M	663.77M	624.94M	605.48M	593.46M	583.10M	571.53M	557.39M	541.95M	522.74M	504.72M	489.49M	469.84M	474.10M	468.87M	466.34M
Shareholder's Equity (Quarter)			19.96M		113.77M	103.30M	92.14M	77.21M			97.83M	87.70M	79.64M	64.76M	70.97M	60.13M	43.64M	57.52M	46.96M	45.44M	58.19M	10.00M	48.33M	47.44M	58.19M	66.99M	69.26M	76.90M	67.61M	66.40M	63.53M	61.55M	99.59M	93.22M	88.79M	92.53M	85.60M	76.92M	72.50M	64.49M	59.89M	134.59M	146.38M	595.69M	576.12M	559.80M	547.25M	534.43M	663.77M	624.94M	605.48M	593.46M	583.10M	571.53M	557.39M	541.95M	522.74M	504.72M	489.49M	469.84M	474.10M	468.87M	466.34M
Liabilities and Shareholders Equity (Quarter)			51.61M		141.42M	133.18M	133.03M	127.97M			156.11M	116.36M	126.48M	117.13M	116.36M	100.25M	101.97M	107.48M	98.93M	95.02M	110.05M	100.95M	102.83M	95.51M	109.25M	116.11M	112.32M	104.59M	96.97M	93.89M	88.85M	82.87M	116.03M	111.37M	107.03M	111.46M	103.79M	95.47M	93.36M	84.16M	80.10M	153.49M	152.10M	608.73M	685.67M	675.36M	645.38M	638.66M	774.61M	729.41M	700.75M	688.69M	674.56M	669.52M	650.32M	633.57M	617.91M	583.94M	583.94M	677.80M	702.12M	685.21M	718.93M
Retained Earnings (Quarter)			-85.33M		-108.17M	-120.47M	-134.63M	-153.94M			-195.35M	-213.72M	-228.94M	-244.82M	-262.15M	-274.12M	-291.28M	-292.22M	-303.30M	-310.64M	-325.01M	-331.53M	-339.49M	-343.10M	-364.58M	-374.43M	-376.72M	-382.65M	-392.81M	-396.96M	-401.35M	-403.85M	-415.34M	-422.22M	-429.33M	-435.46M	-442.55M	-451.17M	-457.99M	-467.24M	-473.28M	-480.12M	-498.17M	-508.23M	-0.31M	-540.86M	-0.61M	-1.59M	-586.21M	-2.17M	-1.04M	-0.12M	-687.42M	-703.12M	-721.60M	-740.47M	-761.47M	-782.63M	-800.24M	-821.97M	-819.95M	-827.81M	-834.15M
Preferred Shares (Quarter)			0.15M
Treasury Shares (Quarter)							0.28M				0.18M				0.79M				0.06M				0.02M				0.01M				155.00				0.29M			1.31M	1.31M	1.39M	0.75M	4.74M	4.70M	4.58M	4.07M	6.79M	6.88M	6,754.28M	6,585.11M	5,371.18M	5.25M	5,336.50M			6.16M	2.10M	10.79M	8.22M	7.59M	7.31M	7.92M	6.44M	6.26M

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GEVO Balance Sheet (2010-2025) | GEVO

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