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Aemetis, Inc. (AMTX) Stock Fundamental Analysis & AI Rating 2026

AMTX Nasdaq Industrial Organic Chemicals NV CIK: 0000738214
Updated This Month • Analysis: Mar 19, 2026 • SEC Data: 2025-12-31
Combined AI Rating
STRONG SELL
94% Confidence
STRONG AGREEMENT
STRONG SELL
95% Conf
STRONG SELL
93% Conf

📊 AMTX Key Takeaways

Revenue: $197.6M
Net Margin: -39.0%
Free Cash Flow: $-22.7M
Current Ratio: 0.07x
Debt/Equity: N/A
EPS: $-1.28
AI Rating: STRONG SELL with 95% confidence
Aemetis, Inc. (AMTX) receives a STRONG SELL rating with 94% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $197.6M, net profit margin of -39.0%, Aemetis, Inc. demonstrates mixed fundamentals in the Materials sector. Below is our complete AMTX stock analysis for 2026.

Is Aemetis, Inc. (AMTX) a Good Investment?

Claude

AEMETIS exhibits severe financial distress with negative stockholders equity of -$306.8M, indicating liabilities exceed assets after accounting for equity. The company is unprofitable with a -39% net margin, negative gross margin, and severely constrained liquidity (0.07x current ratio) while burning cash operationally relative to capital expenditure requirements. Fundamental business economics are broken and require substantial operational or structural restructuring to survive.

ChatGPT

Aemetis shows severely stressed fundamentals: revenue is shrinking sharply, gross margin has turned negative, and operating and net losses remain very large relative to sales. Financial health is especially weak, with negative equity, extremely poor liquidity, weak interest coverage, and negative free cash flow, which together suggest a high dependence on external financing despite a modest improvement in net loss and positive operating cash flow.

Why Buy Aemetis, Inc. Stock? AMTX Key Strengths

Claude
  • + Positive operating cash flow of $3.3M suggests core operations generated some cash despite massive net losses
  • + Revenue base of $197.6M indicates established market presence in industrial chemicals sector
  • + 5 Form 4 insider filings suggest active management engagement with the company
ChatGPT
  • + Operating cash flow was positive at $3.26M
  • + Net loss and diluted EPS improved year over year
  • + The business still generates meaningful revenue scale at $197.63M

AMTX Stock Risks: Aemetis, Inc. Investment Risks

Claude
  • ! Negative stockholders equity of -$306.8M means company is technically insolvent from an accounting perspective
  • ! Critical liquidity crisis with current ratio of 0.07x and only $4.9M cash against substantial liabilities
  • ! Operating model fundamentally broken: negative gross margin means revenue-generating activities lose money before operating expenses
  • ! Massive net losses of -$77M with negative ROA of -29.6% indicate asset destruction
  • ! Long-term debt of $63.9M represents 13.6x annual cash available from operations
  • ! Free cash flow of -$22.7M and -11.5% FCF margin indicates capital allocation is negative value-destroying
ChatGPT
  • ! Revenue declined 26.2% year over year, indicating weak growth quality
  • ! Liquidity is critically weak with a 0.07x current ratio and 0.04x quick ratio
  • ! Negative stockholders equity and negative free cash flow signal balance sheet stress and financing risk

Key Metrics to Watch

Claude
  • * Stockholders equity trajectory - movement toward positive territory or deeper insolvency
  • * Gross margin - must turn positive for business to be viable
  • * Operating cash flow sustainability - whether positive $3.3M can be maintained or deteriorates
  • * Debt refinancing ability - critical given low liquidity and negative equity position
  • * Revenue stabilization - whether -26.2% YoY decline continues or stabilizes
ChatGPT
  • * Gross margin and operating margin recovery
  • * Liquidity runway including cash balance, current ratio, and free cash flow

Aemetis, Inc. (AMTX) Financial Metrics & Key Ratios

Revenue
$197.6M
Net Income
$-77.0M
EPS (Diluted)
$-1.28
Free Cash Flow
$-22.7M
Total Assets
$259.8M
Cash Position
$4.9M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

AMTX Profit Margin, ROE & Profitability Analysis

Gross Margin -0.4%
Operating Margin -18.8%
Net Margin -39.0%
ROE N/A
ROA -29.6%
FCF Margin -11.5%

AMTX vs Materials Sector: How Aemetis, Inc. Compares

How Aemetis, Inc. compares to Materials sector averages

Net Margin
AMTX -39.0%
vs
Sector Avg 10.0%
AMTX Sector
ROE
AMTX 0.0%
vs
Sector Avg 14.0%
AMTX Sector
Current Ratio
AMTX 0.1x
vs
Sector Avg 1.6x
AMTX Sector
Debt/Equity
AMTX 0.0x
vs
Sector Avg 0.6x
AMTX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Aemetis, Inc. Stock Overvalued? AMTX Valuation Analysis 2026

Based on fundamental analysis, Aemetis, Inc. has mixed fundamental signals relative to the Materials sector in 2026.

Return on Equity
N/A
Sector avg: 14%
Net Profit Margin
-39.0%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Aemetis, Inc. Balance Sheet: AMTX Debt, Cash & Liquidity

Current Ratio
0.07x
Quick Ratio
0.04x
Debt/Equity
N/A
Debt/Assets
8.3%
Interest Coverage
-0.70x
Long-term Debt
$63.9M

AMTX Revenue & Earnings Growth: 5-Year Financial Trend

AMTX 5-year financial data: Year 2022: Revenue $256.5M, Net Income -$47.1M, EPS $-1.54. Year 2023: Revenue $256.5M, Net Income -$107.8M, EPS $-3.12. Year 2024: Revenue $267.6M, Net Income -$46.4M, EPS $-1.22. Year 2025: Revenue $267.6M, Net Income -$87.5M, EPS $-1.91.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Aemetis, Inc.'s revenue has shown modest growth of 4% over the 5-year period. The most recent EPS of $-1.91 indicates the company is currently unprofitable.

AMTX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-11.5%
Free cash flow / Revenue

AMTX Quarterly Earnings & Performance

Quarterly financial performance data for Aemetis, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $59.2M -$17.9M $-0.37
Q2 2025 $52.2M -$23.4M $-0.41
Q1 2025 $42.9M -$24.2M $-0.47
Q3 2024 $68.7M -$17.9M $-0.38
Q2 2024 $45.1M -$24.2M $0.66
Q1 2024 $2.2M -$24.2M $-0.58
Q3 2023 $68.7M N/A $-0.56
Q2 2023 $45.1M -$209.0K $-0.01

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Aemetis, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$3.3M
Cash generated from operations
Capital Expenditures
$26.0M
Investment in assets
Dividends
None
No dividend program

AMTX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Aemetis, Inc. (CIK: 0000738214)

📋 Recent SEC Filings

Date Form Document Action
Apr 7, 2026 DEF 14A amtx20260206_def14a.htm View →
Mar 23, 2026 4 xslF345X06/primary_doc.xml View →
Mar 23, 2026 4 xslF345X06/primary_doc.xml View →
Mar 23, 2026 4 xslF345X06/primary_doc.xml View →
Mar 23, 2026 4 xslF345X06/primary_doc.xml View →

Frequently Asked Questions about AMTX

What is the AI rating for AMTX?

Aemetis, Inc. (AMTX) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 94% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are AMTX's key strengths?

Claude: Positive operating cash flow of $3.3M suggests core operations generated some cash despite massive net losses. Revenue base of $197.6M indicates established market presence in industrial chemicals sector. ChatGPT: Operating cash flow was positive at $3.26M. Net loss and diluted EPS improved year over year.

What are the risks of investing in AMTX?

Claude: Negative stockholders equity of -$306.8M means company is technically insolvent from an accounting perspective. Critical liquidity crisis with current ratio of 0.07x and only $4.9M cash against substantial liabilities. ChatGPT: Revenue declined 26.2% year over year, indicating weak growth quality. Liquidity is critically weak with a 0.07x current ratio and 0.04x quick ratio.

What is AMTX's revenue and growth?

Aemetis, Inc. reported revenue of $197.6M.

Does AMTX pay dividends?

Aemetis, Inc. does not currently pay dividends.

Where can I find AMTX SEC filings?

Official SEC filings for Aemetis, Inc. (CIK: 0000738214) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is AMTX's EPS?

Aemetis, Inc. has a diluted EPS of $-1.28.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is AMTX a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Aemetis, Inc. has a STRONG SELL rating with 94% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is AMTX stock overvalued or undervalued?

Valuation metrics for AMTX: ROE of N/A (sector avg: 14%), net margin of -39.0% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy AMTX stock in 2026?

Our dual AI analysis gives Aemetis, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is AMTX's free cash flow?

Aemetis, Inc.'s operating cash flow is $3.3M, with capital expenditures of $26.0M. FCF margin is -11.5%.

How does AMTX compare to other Materials stocks?

Vs Materials sector averages: Net margin -39.0% (avg: 10%), ROE N/A (avg: 14%), current ratio 0.07 (avg: 1.6).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 19, 2026 | Data as of: 2025-12-31 | Powered by Claude AI