AEMETIS, INC (AMTX)

Nasdaq · Common Stock · Industrial Organic Chemicals

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

38 entities across 5 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-16 — see the exhibit.

Which other public companies file entities in the same places:

Delaware29 Nevada4 California3 Mauritius1 India1

Subsidiaries of AEMETIS, INC as disclosed in its SEC filing
Entity	Jurisdiction	Note
Aemetis Advanced Biorefinery Keyes, Inc.	Delaware
Aemetis Advanced Fuels, Inc.	Nevada
Aemetis Advanced Products Keyes, Inc.	Delaware
Aemetis Health Products, Inc.	Delaware
Aemetis Properties Riverbank, Inc.	Delaware
Aemetis Riverbank, Inc.	Delaware
Aemetis Advanced Products Riverbank, Inc.	Delaware
Energy Efficiency Holdings LLC	Delaware
MVR Services LLC	California
Aemetis Americas, Inc.	Nevada
AE Biofuels, Inc.	Delaware
Aemetis Biofuels, Inc.	Delaware
Energy Enzymes, Inc.	Delaware
Aemetis Biogas LLC	Delaware
Aemetis Biogas Holdings LLC	Delaware
Aemetis Biogas 1 LLC	Delaware
Aemetis Biogas 2 LLC	Delaware
Aemetis Biogas 3 LLC	Delaware
Aemetis Biogas 4 LLC	Delaware
Aemetis Biogas 5 LLC	Delaware
Aemetis Biogas 6 LLC	Delaware
Aemetis Biogas 7 LLC	Delaware
Aemetis Biogas 8 LLC	Delaware
Aemetis Biogas Services LLC	Delaware
Aemetis RNG Fuels 1 LLC	California
Aemetis Carbon Capture, Inc.	Nevada
Caprock Project Holding, Inc.	Delaware
Riverbank Well 1, Inc.	California
Aemetis International, Inc.	Nevada
International Biofuels Ltd	Mauritius	offshore centre
Universal Biofuels Private Limited	India
Aemetis Technologies, Inc.	Delaware
AE Advanced Fuels, Inc.	Delaware
Aemetis Advanced Fuels Keyes, Inc.	Delaware
Aemetis Facility Keyes, Inc.	Delaware
Aemetis Property Keyes, Inc.	Delaware
EdenIQ Acquisition Corp	Delaware
Goodland Advanced Fuels, Inc.	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

FAILReturn on assets positiveROA -29.6%
PASSOperating cash flow positiveOCF 3M
PASSReturn on assets improving-33.8% → -29.6%
PASSCash flow exceeds earningsOCF 3M vs NI -77M
PASSLong-term debt ratio falling95.5% → 24.6% of assets
FAILCurrent ratio improving0.31 → 0.07
FAILNo share dilution46M → 60M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improvingno data

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$165.6M	−$36.7M	−$16.9M	6.7%	21,012
FY2021	$211.9M	−$47.1M	−$47.3M	3.7%	30,682,000
FY2022	$28.1M	−$107.8M	−$62.0M	-19.7%	34,585,000
FY2023	$77.2M	−$46.4M	−$19.3M	2.6%	38,061,000
FY2024	—	−$87.5M	−$53.2M	—	45,902,000
FY2025	—	−$77.0M	−$22.7M	—	59,982,000

Ownership flow

9 institutions tracked — 6 added, 3 reduced, 2 sold out. Index money added 4,750,973 shares while active managers cut 36,958.

Institutional holders of AEMETIS, INC and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	3,970,470	+3,337,254	$6.5M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,720,035	+989,419	$2.8M
STATE STREET CORP	Index	726,199	+424,300	$1.2M
CITADEL ADVISORS LLC	Hedge fund	459,509	−121,006	$753,595
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	119,806	+86,043	$197,000
BANK OF AMERICA CORP /DE/	Active fund	56,934	−44,552	$93,372
JPMORGAN CHASE & CO	Active fund	30,557	+26,875	$51,642
FMR LLC	Active fund	18,864	+17,524	$30,937
MORGAN STANLEY	Active fund	76,807	−1,842	$125,964

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0000738214
LEI: 254900DQF4U5U9W7AR72
FIGI: BBG000BWBZY9
SIC: 2860 · Industrial Organic Chemicals
Incorporated: NV
Headquarters: CUPERTINO, CA

Ownership

Institutional: 24.7%
Institutions: 116
Insiders: 7.0%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other industrial organic chemicals companies

AEMETIS, INC files under SIC 2860 — all 10 industrial organic chemicals companies compared on assets and F-score.

INTERNATIONAL FLAVORS & FRAGRANCES INCIFF WESTLAKE CORPWLK NEWMARKET CORPNEU SENSIENT TECHNOLOGIES CORPSXT Green Plains Inc.GPRE REX AMERICAN RESOURCES CorpREX

Questions about AEMETIS, INC

How many subsidiaries does AEMETIS, INC file with the SEC?: 38, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Delaware, Nevada, California. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is AEMETIS, INC financially healthy?: AEMETIS, INC scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of AEMETIS, INC?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

38 entities across 5 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-16 — see the exhibit.

Which other public companies file entities in the same places:

Delaware29 Nevada4 California3 Mauritius1 India1

Entity

Jurisdiction

Note

Aemetis Advanced Biorefinery Keyes, Inc.

Delaware

Aemetis Advanced Fuels, Inc.

Nevada

Aemetis Advanced Products Keyes, Inc.

Delaware

Aemetis Health Products, Inc.

Delaware

Aemetis Properties Riverbank, Inc.

Delaware

Aemetis Riverbank, Inc.

Delaware

Aemetis Advanced Products Riverbank, Inc.

Delaware

Energy Efficiency Holdings LLC

Delaware

MVR Services LLC

California

Aemetis Americas, Inc.

Nevada

AE Biofuels, Inc.

Delaware

Aemetis Biofuels, Inc.

Delaware

Energy Enzymes, Inc.

Delaware

Aemetis Biogas LLC

Delaware

Aemetis Biogas Holdings LLC

Delaware

Aemetis Biogas 1 LLC

Delaware

Aemetis Biogas 2 LLC

Delaware

Aemetis Biogas 3 LLC

Delaware

Aemetis Biogas 4 LLC

Delaware

Aemetis Biogas 5 LLC

Delaware

Aemetis Biogas 6 LLC

Delaware

Aemetis Biogas 7 LLC

Delaware

Aemetis Biogas 8 LLC

Delaware

Aemetis Biogas Services LLC

Delaware

Aemetis RNG Fuels 1 LLC

California

Aemetis Carbon Capture, Inc.

Nevada

Caprock Project Holding, Inc.

Delaware

Riverbank Well 1, Inc.

California

Aemetis International, Inc.

Nevada

International Biofuels Ltd

Mauritius

offshore centre

Universal Biofuels Private Limited

India

Aemetis Technologies, Inc.

Delaware

AE Advanced Fuels, Inc.

Delaware

Aemetis Advanced Fuels Keyes, Inc.

Delaware

Aemetis Facility Keyes, Inc.

Delaware

Aemetis Property Keyes, Inc.

Delaware

EdenIQ Acquisition Corp

Delaware

Goodland Advanced Fuels, Inc.

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

FAILReturn on assets positiveROA -29.6%
PASSOperating cash flow positiveOCF 3M
PASSReturn on assets improving-33.8% → -29.6%
PASSCash flow exceeds earningsOCF 3M vs NI -77M
PASSLong-term debt ratio falling95.5% → 24.6% of assets
FAILCurrent ratio improving0.31 → 0.07
FAILNo share dilution46M → 60M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improvingno data

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$165.6M	−$36.7M	−$16.9M	6.7%	21,012
FY2021	$211.9M	−$47.1M	−$47.3M	3.7%	30,682,000
FY2022	$28.1M	−$107.8M	−$62.0M	-19.7%	34,585,000
FY2023	$77.2M	−$46.4M	−$19.3M	2.6%	38,061,000
FY2024	—	−$87.5M	−$53.2M	—	45,902,000
FY2025	—	−$77.0M	−$22.7M	—	59,982,000

Ownership flow

9 institutions tracked — 6 added, 3 reduced, 2 sold out. Index money added 4,750,973 shares while active managers cut 36,958.

Institutional holders of AEMETIS, INC and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	3,970,470	+3,337,254	$6.5M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,720,035	+989,419	$2.8M
STATE STREET CORP	Index	726,199	+424,300	$1.2M
CITADEL ADVISORS LLC	Hedge fund	459,509	−121,006	$753,595
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	119,806	+86,043	$197,000
BANK OF AMERICA CORP /DE/	Active fund	56,934	−44,552	$93,372
JPMORGAN CHASE & CO	Active fund	30,557	+26,875	$51,642
FMR LLC	Active fund	18,864	+17,524	$30,937
MORGAN STANLEY	Active fund	76,807	−1,842	$125,964

Questions about AEMETIS, INC

How many subsidiaries does AEMETIS, INC file with the SEC?

38, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Delaware, Nevada, California. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is AEMETIS, INC financially healthy?

AEMETIS, INC scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of AEMETIS, INC?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.