Alto Ingredients (ALTO) financial statements
Alto Ingredients reported revenue of $918M in fiscal 2025, down 6.1% a year over 9 years.
Net income was $13M and the operating margin 0.8%, against 1.4% in 2016.
Free cash flow was $9M.
The diluted share count rose 178980% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Alto Ingredients's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.5B | $1.4B | $897M | $1.2B | $1.3B | $1.2B | $965M | $918M |
| Cost of revenue | $1.6B | $1.6B | $1.5B | $1.4B | $844M | $1.1B | $1.4B | $1.2B | $956M | $883M |
| Gross profit | $54M | $6M | -$15M | -$10M | $53M | $68M | -$28M | $16M | $10M | $35M |
| Selling, general and admin | $31M | $32M | $36M | $35M | $32M | $29M | $28M | $30M | $30M | $27M |
| Operating income | $24M | -$26M | -$52M | -$75M | $10M | $40M | -$61M | -$24M | -$52M | $7M |
| Interest expense | $22M | $13M | $17M | $20M | $18M | $4M | $2M | $7M | $8M | $11M |
| Pre-tax income | $545,000 | -$38M | -$68M | -$101M | -$17M | $48M | -$40M | -$28M | -$59M | $13M |
| Income tax | -$981,000 | -$321,000 | -$562,000 | -$20,000 | -$17,000 | $1M | $2M | $97,000 | $173,000 | -$621,000 |
| Net income | $1M | -$35M | -$60M | -$89M | -$15M | $46M | -$42M | -$28M | -$59M | $13M |
| EPS (diluted) | $0.00 | -$0.85 | -$1.42 | -$1.90 | -$0.28 | $0.61 | -$0.60 | -$0.40 | -$0.82 | $0.16 |
| Diluted shares | 0M | 43M | 43M | 47M | 59M | 72M | 72M | 73M | 73M | 76M |
| Gross margin | 3.3% | 0.4% | -1.0% | -0.7% | 5.9% | 5.6% | -2.1% | 1.3% | 1.0% | 3.8% |
| Operating margin | 1.4% | -1.6% | -3.4% | -5.2% | 1.1% | 3.3% | -4.6% | -2.0% | -5.4% | 0.8% |
| Net margin | 0.1% | -2.1% | -4.0% | -6.2% | -1.7% | 3.8% | -3.1% | -2.3% | -6.1% | 1.5% |
Balance sheet
Fiscal years, from Alto Ingredients's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $64M | $49M | $27M | $19M | $48M | $51M | $36M | $30M | $35M | $23M |
| Receivables | $86M | $80M | $68M | $74M | $43M | $87M | $69M | $59M | $58M | $55M |
| Inventory | $60M | $62M | $58M | $61M | $38M | $54M | $67M | $53M | $50M | $62M |
| Total current assets | $235M | $203M | $169M | $232M | $214M | $230M | $199M | $169M | $153M | $156M |
| Property, plant and equipment | $465M | $508M | $483M | $333M | $229M | $223M | $239M | $249M | $215M | $199M |
| Goodwill | — | — | — | — | — | — | $6M | — | — | — |
| Total assets | $708M | $720M | $660M | $612M | $477M | $485M | $478M | $454M | $401M | $389M |
| Total current liabilities | $79M | $91M | $232M | $160M | $87M | $70M | $78M | $65M | $58M | $59M |
| Long-term debt | $188M | $221M | $85M | $181M | $72M | $50M | $68M | $82M | $93M | $63M |
| Total liabilities | $290M | $337M | $341M | $385M | $181M | $140M | $170M | $175M | $176M | $144M |
| Shareholders' equity | $388M | $356M | $300M | $220M | $296M | $345M | $308M | $280M | $225M | $245M |
| Net debt | $134M | $192M | $205M | $225M | $50M | -$251,000 | $32M | $52M | $57M | $56M |
Cash flow
Fiscal years, from Alto Ingredients's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $37M | $37M | $2M | -$31M | $72M | $27M | $6M | $22M | -$4M | $13M |
| Capital spending | $19M | $21M | $15M | $3M | $7M | $16M | $38M | $30M | $11M | $5M |
| Free cash flow | $18M | $16M | -$14M | -$35M | $65M | $10M | -$32M | -$8M | -$15M | $9M |
| Stock-based compensation | $3M | $4M | $3M | $3M | $3M | $3M | $3M | $4M | $4M | $3M |
| Share buybacks (net) | — | — | — | — | — | — | -$1M | -$4M | — | — |
| Net borrowing | — | — | — | — | $10M | — | — | — | — | -$5M |
| Free cash flow margin | 1.1% | 1.0% | -0.9% | -2.4% | 7.3% | 0.9% | -2.4% | -0.6% | -1.5% | 0.9% |
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Open ALTO in InvestinglyQuestions
What was Alto Ingredients's revenue in 2025?
$918M in fiscal 2025, from its 10-K filing.
How much free cash flow does Alto Ingredients generate?
$9M in fiscal 2025 (operating cash flow minus capital spending).
From Alto Ingredients's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.