10-K · March 13, 2026
Alto Ingredients returned to quarterly profitability in H2 2025 and achieved a small positive operating result for the year despite lower full-year revenue. Revenue fell to approximately $918.0M in 2025 from $965.0M in…
Earnings analysis · 10-Q
ALTO earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Alto Ingredients reported a strong Q1 2026 with revenues of $224.68 million, a 1.7% increase year-over-year, and EPS was $0.05, a significant turnaround from a loss of $0.16 in Q1 2025. Management highlighted improved…
Read full summary
Alto Ingredients reported a strong Q1 2026 with revenues of $224.68 million, a 1.7% increase year-over-year, and EPS was $0.05, a significant turnaround from a loss of $0.16 in Q1 2025. Management highlighted improved margins driven by higher-value renewable fuel sales and successful tax credit utilization, although they faced challenges from seasonal demand fluctuations and operational disruptions due to cold weather.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.05
- Gross margin
- 4.1%
- Segment
- Pekin production
- Segment
- Marketing and distribution
- Segment
- Western production
What stood out
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Revenue Growth
Revenue increased by 1.7% year-over-year, from $226.54 million to $224.68 million.
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Positive EPS
EPS improved from -0.16 in Q1 2025 to 0.05 in Q1 2026, marking a significant turnaround.
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Gross Profit Recovery
Gross profit rose to $9.22 million from a loss of $1.8 million the previous year.
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Cash Flow Improvement
Operating cash flow turned positive, generating $4.2 million, compared to $18.2 million used in Q1 2025.
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Debt Repayment
Reduced term debt by $16.6 million, ending with $38.4 million outstanding.
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Increased Working Capital
Working capital improved to $116.9 million, reflecting strong liquidity.
What to watch
-
Commodity Price Volatility
Fluctuations in corn prices could negatively impact production costs, with market prices subject to unpredictable factors.
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Production Disruptions
Unscheduled downtimes from cold weather disrupted logistics and production capacity.
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Rising Inflation Impact
Increased costs on key inputs may not be recoverable in product pricing, adversely affecting profitability.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · November 7, 2025
Alto Ingredients reported a quarter of clear operational improvement with net income of $14,208,000 and diluted EPS of $0.19 on revenue of $240,986,000. Gross profit expanded to $23,494,000 (≈9.8% margin) and operating…
10-Q · May 9, 2025
Alto reported Q1 net sales of $226,540,000, down $14,089,000 (‑5.9%) vs. Q1 2024, with a smaller gross loss of $1,807,000 (improved from $2,400,000). GAAP diluted net loss per share improved slightly to $(0.16) from…
10-Q · November 8, 2024
Alto reported Q3 net sales of $251,814,000 (down $66,313,000 or 20.8% YoY from $318,127,000) and diluted loss per share of $(0.04), missing consensus EPS of $0.03. Gross profit improved to $5,960,000 (gross margin…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.