Ethanol was Gevo’s largest product and service line in fiscal 2025, bringing in $105.18M of $160.58M (65%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethanol | — | — | — | $105.18M | ||||||
| Ethanol Related Products | — | — | — | $31.10M | ||||||
| Ethanol Sales & Related Products, Net | — | — | — | — | ||||||
| Ethanol Sales & Related Products | — | — | — | — | ||||||
| Environmental Attributes | $214.00K | $14.80M | $15.11M | $17.74M | ||||||
| Hydrocarbon Revenue | — | — | $164.00K | $4.82M | ||||||
| Hydrocarbon | — | — | — | — | ||||||
| Licensing & Development Revenue | — | $1.30M | — | — | ||||||
| Rng Revenue | — | — | $691.00K | $1.05M | ||||||
| Renewable Natural Gas Commodity | $640.00K | $659.00K | — | — | ||||||
| Other Revenue | — | $443.00K | $955.00K | $696.00K | ||||||
| Other Hydrocarbon Revenue - Ethanol, Isooctane, Iba | $321.00K | — | — | — | ||||||
| Grant & Other | — | — | — | — | ||||||
| Total | $1.18M | $17.20M | $16.92M | $160.58M |
Gevo brought in $160.58M from its six product and service lines in fiscal 2025, the year ended December 31, 2025. Gevo regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $16.92M. Ethanol was the largest at $105.18M (65.5%), ahead of Ethanol Related Products at $31.10M (19.4%) and Environmental Attributes at $17.74M (11.0%). The other three lines brought in $6.57M combined.
Compared with fiscal 2024, Hydrocarbon Revenue grew 2,840.2% to $4.82M and Environmental Attributes grew 17.4% to $17.74M.
Gevo began breaking out Ethanol in fiscal 2025, Ethanol Related Products in fiscal 2025, Rng Revenue in fiscal 2024 and Other Revenue in fiscal 2023. Gevo stopped reporting Licensing & Development Revenue ($1.30M in fiscal 2023), Renewable Natural Gas Commodity ($659.00K in fiscal 2023) and Other Hydrocarbon Revenue - Ethanol, Isooctane, Iba ($321.00K in fiscal 2022) as separate lines.
United States was Gevo’s largest region in fiscal 2020, bringing in $4.08M of $5.54M (74%).
| Geography | FY 2016 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|
| United States | $31.64M | $22.15M | $4.08M | |
| All Other Countries | — | — | — | |
| Non-Us | $1.22M | $2.34M | $1.45M | |
| Total | $32.86M | $24.49M | $5.54M |
Gevo brought in $5.54M from its two regions in fiscal 2020, the year ended December 31, 2020. That was down 77.4% from $24.49M in fiscal 2019. United States was the largest at $4.08M (73.7%), ahead of Non-Us at $1.45M (26.3%).
Compared with fiscal 2019, Non-Us fell 37.8% to $1.45M and United States fell 81.6% to $4.08M. From fiscal 2018 to 2020, combined revenue from these regions fell from $32.86M to $5.54M, a compound annual decline of 59.0%. United States' share of the total fell from 96.3% to 73.7%.
Agri-Energy was Gevo’s largest revenue line in fiscal 2015, bringing in $27.23M of $30.14M (90%).
| Consolidated Entities | FY 2015 |
|---|---|
| Agri-Energy | $27.23M |
| Gevo | $2.91M |
| Total | $30.14M |
Gevo brought in $30.14M from its two revenue lines in fiscal 2015, the year ended December 31, 2015. Agri-Energy was the largest at $27.23M (90.3%), ahead of Gevo at $2.91M (9.7%).
Gevo (GEVO) reports its revenue by product and service, by geography and by consolidated entities. In fiscal 2025, Ethanol was its largest product and service line, bringing in $105.18M (65.5% of the total), followed by Ethanol Related Products at $31.10M (19.4%).
Ethanol was Gevo's largest product and service line in fiscal 2025, bringing in $105.18M, or 65.5% of the $160.58M total across its six product and service lines.
United States was Gevo's largest region in fiscal 2020, bringing in $4.08M, or 73.7% of the $5.54M total across its two regions.
Agri-Energy was Gevo's largest revenue line in fiscal 2015, bringing in $27.23M, or 90.3% of the $30.14M total across its two revenue lines.
Every figure comes from Gevo's annual financial filings, as reported. Each line keeps the name Gevo gives it, and years follow its fiscal calendar.
Gevo's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.