Gevo, Inc.

GEVO · Industrial Organic Chemicals · 243.4M shares · +6%/yr ↑ dilution · EDGAR filings ↗

Net buyback after stock comp: -$10M (gross $5M, SBC $15M)

Reference price $1.40 · est. market cap ~$340M — last insider sale, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

D50

Renewable-fuels/SAF developer pre-profitability but with a longer runway and a DOE loan-guarantee commitment.

Strengths

~$81M cash (76th pct), 7.5-quarter runway (64th pct), moderate leverage (D/E 0.35)
DOE EDF ~$1.6B conditional loan commitment; Red Trail Energy acquisition adds CCS assets

Risks

Net margin -21%, operating margin -13%, FCF -$44M — history of net losses
Project execution and financing risk on ATJ-30; needs substantial additional capital
Dependent on government incentives (RINs, IRA credits) and feedstock/petroleum prices

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Net lossNet loss (net margin -21.1%)
Cash burnNegative free cash flow (-43.5M)
Insider sellingInsider selling — 21 open-market sale(s) by 9 insider(s) (cluster of 9 insiders, ~$2M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $43M2025-09-30 · $43M2025-12-31 · $45M2026-03-31 · $43M

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

-12.6%

Net margin

-21.1%

Return on equity

-7.3%

Return on assets

-4.7%

ROIC

-2.5%

Revenue growth (QoQ)

-5.3%

Debt / equity

0.4×

Net debt / EBITDA

16.4×

Current ratio

1.8×

Free cash flow

-$44M

EBITDA

$5M

Tangible book value

$328M

Cash & investments

$81M

Cash runway

Stock comp / revenue

5.7%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-12	Gruber Patrick R.	Sell	158K	$1.40
2026-06-12	Bloom Paul D	Sell	35K	$1.43
2026-06-12	Bowron Kimberly T	Sell	15K	$1.43
2026-06-12	Shafer Andrew	Sell	9.4K	$1.43
2026-06-12	Gendenjamts Davaajargal	Sell	4.3K	$1.43
2026-06-12	Agiri Oluwagbemileke Yusuf	Sell	63K	$1.40
2026-06-12	Ryan Christopher Michael	Sell	35K	$1.43
2026-05-27	Mize Gary W.	Grant	70K	—
2026-05-27	Gruber Patrick R.	Grant	70K	—
2026-05-27	Gruber Patrick R.	Sell	186K	$1.76
2026-05-27	Marsh Andrew	Grant	70K	—
2026-05-27	Barber James J	Grant	70K	—
2026-05-27	Ryan Christopher Michael	Sell	88K	$1.76
2026-05-27	Agiri Oluwagbemileke Yusuf	Sell	32K	$1.77
2026-05-27	Ellet Mary Kathryn	Grant	70K	—
2026-05-27	Shafer Andrew	Sell	33K	$1.76
2026-05-27	Guillen Jaime	Grant	70K	—
2026-05-27	Bowron Kimberly T	Sell	25K	$1.76
2026-05-27	Bloom Paul D	Sell	76K	$1.76
2026-05-20	JAMES KYLE DEAN	Grant	133K	—
2026-05-20	Bloom Paul D	Grant	671K	—
2026-05-20	Kettner David Michael	Grant	133K	—
2026-05-20	Agiri Oluwagbemileke Yusuf	Grant	305K	—
2026-05-20	Fitzgerald Lindsay Clinton	Grant	59K	—
2026-05-20	Gendenjamts Davaajargal	Grant	53K	—
2026-05-20	Shafer Andrew	Grant	83K	—
2026-05-20	Bowron Kimberly T	Grant	256K	—
2026-05-01	Shafer Andrew	Sell	5.5K	$2.00
2026-05-01	Shafer Andrew	Option exercise	5.5K	$0.71
2026-04-01	Kettner David Michael	Grant	158K	—
2026-04-01	Kettner David Michael	Grant	158K	—
2026-04-01	Kettner David Michael	Tax withheld	27K	$2.40
2026-04-01	JAMES KYLE DEAN	Grant	158K	—
2026-04-01	JAMES KYLE DEAN	Tax withheld	25K	$2.40
2026-04-01	Kettner David Michael	Tax withheld	25K	$2.40
2026-04-01	JAMES KYLE DEAN	Grant	158K	—
2026-04-01	JAMES KYLE DEAN	Tax withheld	27K	$2.40
2026-04-01	Shafer Andrew	Option exercise	5.5K	$0.71
2026-04-01	Shafer Andrew	Sell	5.5K	$2.71
2026-03-31	Ryan Christopher Michael	Sell	30K	$2.96
2026-03-30	Ryan Christopher Michael	Sell	100K	$2.76
2026-03-12	Mize Gary W.	Sell	107K	$2.33
2026-03-12	Fitzgerald Lindsay Clinton	Sell	20K	$2.51
2026-03-10	Shafer Andrew	Sell	5.5K	$2.21
2026-03-10	Shafer Andrew	Option exercise	5.5K	$0.71
2026-01-20	Shafer Andrew	Sell	5.0K	$1.99
2026-01-01	Agiri Oluwagbemileke Yusuf	Grant	10K	—
2025-12-22	Shafer Andrew	Sell	5.0K	$2.19
2025-12-05	Agiri Oluwagbemileke Yusuf	Option exercise	36K	$1.59
2025-12-05	Agiri Oluwagbemileke Yusuf	Option exercise	32K	$0.71
2025-12-05	Agiri Oluwagbemileke Yusuf	Sell	73K	$2.31
2025-12-04	Gendenjamts Davaajargal	Sell	2.6K	$2.32
2025-11-20	Shafer Andrew	Sell	5.0K	$1.99
2025-11-13	Battershell Carol Jane	Option exercise	225K	$0.67
2025-11-13	Battershell Carol Jane	Sell	76K	$2.02
2025-11-03	Shafer Andrew	Sell	30K	$2.28
2025-10-20	Shafer Andrew	Sell	5.0K	$2.53
2025-10-15	Ryan Christopher Michael	Sell	100K	$2.82
2025-10-14	Amorelli Angelo	Sell	100K	$2.50
2025-10-14	Amorelli Angelo	Option exercise	100K	$0.67
2025-09-22	Shafer Andrew	Sell	5.0K	$2.01
2025-09-17	Bloom Paul D	Sell	75K	$2.01
2025-09-04	Bowron Kimberly T	Sell	1.5K	$1.63
2025-09-04	Agiri Oluwagbemileke Yusuf	Sell	1.7K	$1.63
2025-09-04	Bloom Paul D	Sell	2.1K	$1.63
2025-09-04	Ryan Christopher Michael	Sell	1.7K	$1.63
2025-09-04	Gruber Patrick R.	Sell	1.6K	$1.63
2025-08-20	Shafer Andrew	Sell	5.0K	$1.58
2025-08-20	Agiri Oluwagbemileke Yusuf	Sell	58K	$1.63
2025-08-18	Mize Gary W.	Sell	91K	$1.68
2025-08-18	Mize Gary W.	Option exercise	225K	$0.67
2025-08-13	Amorelli Angelo	Sell	16K	$2.00
2025-08-12	Amorelli Angelo	Sell	184K	$1.95
2025-08-12	Amorelli Angelo	Option exercise	100K	$0.67
2025-08-05	Bloom Paul D	Sell	42K	$1.23
2025-08-05	Ryan Christopher Michael	Sell	42K	$1.23
2025-08-05	Gruber Patrick R.	Sell	116K	$1.23
2025-08-05	Agiri Oluwagbemileke Yusuf	Sell	5.7K	$1.23
2025-08-05	Fitzgerald Lindsay Clinton	Sell	8.1K	$1.23
2025-08-05	Bowron Kimberly T	Sell	12K	$1.23
2025-08-05	Smull L Lynn	Sell	37K	$1.23
2025-08-01	Smull L Lynn	Sell	33K	$1.25
2025-08-01	Fitzgerald Lindsay Clinton	Sell	5.2K	$1.25
2025-08-01	Bowron Kimberly T	Sell	12K	$1.25
2025-08-01	Bloom Paul D	Sell	28K	$1.25
2025-08-01	Ryan Christopher Michael	Sell	44K	$1.25
2025-08-01	Gruber Patrick R.	Sell	120K	$1.25
2025-07-21	Shafer Andrew	Sell	5.0K	$1.55
2025-07-01	Smull L Lynn	Sell	3.9K	$1.33
2025-06-20	Shafer Andrew	Sell	5.0K	$1.35
2025-06-09	Smull L Lynn	Grant	62K	—
2025-06-09	Fitzgerald Lindsay Clinton	Grant	84K	—
2025-06-09	Bowron Kimberly T	Grant	116K	—
2025-06-09	Agiri Oluwagbemileke Yusuf	Grant	189K	—
2025-06-09	Bloom Paul D	Grant	210K	—
2025-06-09	Ryan Christopher Michael	Grant	210K	—
2025-06-09	Gruber Patrick R.	Grant	473K	—
2025-06-09	Gendenjamts Davaajargal	Grant	36K	—
2025-06-09	Shafer Andrew	Grant	56K	—
2025-06-03	Agiri Oluwagbemileke Yusuf	Sell	11K	$1.16
2025-06-03	Fitzgerald Lindsay Clinton	Sell	9.0K	$1.16
2025-05-30	Shafer Andrew	Sell	28K	$1.28
2025-05-30	Smull L Lynn	Sell	60K	$1.28
2025-05-30	Bloom Paul D	Sell	87K	$1.28
2025-05-30	Ryan Christopher Michael	Sell	74K	$1.28
2025-05-30	Gruber Patrick R.	Sell	157K	$1.28
2025-05-30	Bowron Kimberly T	Sell	24K	$1.28
2025-05-20	Shafer Andrew	Sell	5.0K	$1.15
2025-04-21	Shafer Andrew	Sell	5.0K	$1.11
2025-03-24	Shafer Andrew	Sell	10K	$1.33

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-05-26	Shareholder vote	filing ↗
2026-05-07	ResultsExhibits	filing ↗
2026-04-27	Exec/director changeExhibits	filing ↗
2026-04-15	Other	filing ↗
2026-03-16	Exec/director change	filing ↗
2026-03-05	ResultsExhibits	filing ↗
2026-02-11	Material agreement1.02Debt obligationReg FDExhibits	filing ↗
2026-01-05	Exec/director changeReg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-05-26	2026-05-20	0001104659-26-066257 ↗
10-Q	2026-05-07	2026-03-31	0001392380-26-000016 ↗
8-K	2026-05-07	2026-05-07	0001392380-26-000012 ↗
8-K	2026-04-27	2026-04-22	0001104659-26-049429 ↗
8-K	2026-04-15	2026-04-15	0001104659-26-043850 ↗
8-K	2026-03-16	2026-03-11	0001104659-26-028440 ↗
10-K	2026-03-05	2025-12-31	0001392380-26-000006 ↗
8-K	2026-03-05	2026-03-05	0001392380-26-000003 ↗
8-K	2026-02-11	2026-02-11	0001104659-26-013096 ↗
8-K	2026-01-05	2026-01-01	0001104659-26-000442 ↗
8-K	2025-12-15	2025-12-09	0001104659-25-120909 ↗
10-Q	2025-11-10	2025-09-30	0001392380-25-000032 ↗