GPRE Green Plains, Inc. - Common Stock

NASDAQ · Energy · View on SEC EDGAR ↗
$15.99
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026

About Green Plains, Inc. - Common Stock Company overview from Wikipedia

Green Plains Inc. is an American company based in Omaha, Nebraska that was founded in 2004. The company is the third largest ethanol fuel producer in North America. It was reported in early 2012 that the company ships approximately one billion gallons of ethanol per year. The company employs approximately 640 people, and was founded by Barry Ellsworth. Green Plains Inc. is listed on the NASDAQ Stock Exchange as GPRE.

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Green Plains Inc. is an American company based in Omaha, Nebraska that was founded in 2004. The company is the third largest ethanol fuel producer in North America (as of February 2012). It was reported in early 2012 that the company ships approximately one billion gallons of ethanol per year. The company employs approximately 640 people, and was founded by Barry Ellsworth. Green Plains Inc. is listed on the NASDAQ Stock Exchange as GPRE.

## Corporate events

2014 - Green Plains changed their name from Green Plains Renewable Energy, Inc. to Green Plains Inc. in May 2014.

2012 - Green Plains completed sale of agribusiness assets including 12 grain elevators in northwestern Iowa and western Tennessee to The Andersons in December 2012.

XMS Capital Partners served as financial advisor to Green Plains in the transaction.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

GPRE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$15.99
Market Cap
$1.12B
P/E (TTM)
-8.9
EPS (TTM)
$-1.80
Revenue (TTM)
$2.09B
Div Yield
0.07%
ROE
-14.9%
Debt/Equity
0.5
52W Range
$8 – $20

GPRE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.09B
10-point trend, -38.7%
2016-12-31 2025-12-31
EPS $-1.80
10-point trend, -742.9%
2016-12-31 2025-12-31
Free Cash Flow $74M
10-point trend, +196.8%
2016-12-31 2025-12-31
Margins -5.8%
4-point trend, +74.2%
2022-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
GPRE
Peer Median
P/E (TTM)
5-point trend, +77.9%
-8.9
21.5
P/S (TTM)
5-point trend, -50.3%
0.5
0.9
P/B
5-point trend, -54.4%
1.5
1.0
EV / EBITDA
5-point trend, +66.9%
42.8
Price / FCF
5-point trend, +191.2%
15.2

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
GPRE
Peer Median
Gross Margin
4-point trend, +74.2%
6.6%
11.7%
Operating Margin
5-point trend, -457.8%
-3.2%
Net Profit Margin
5-point trend, -148.9%
-5.8%
-0.49%
ROA
5-point trend, -104.5%
-7.2%
-2.0%
ROE
5-point trend, -80.0%
-14.9%
-6.9%
ROIC
5-point trend, -332.1%
-3.7%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
GPRE
Peer Median
Debt / Equity
5-point trend, -31.4%
0.5
Current Ratio
5-point trend, -24.2%
1.8
1.9
Quick Ratio
5-point trend, -32.8%
1.0

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
GPRE
Peer Median
Revenue YoY
5-point trend, -26.0%
-14.9%
Revenue CAGR 3Y
5-point trend, -26.0%
-17.0%
Revenue CAGR 5Y
5-point trend, -26.0%
1.7%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
GPRE
Peer Median
EPS (Diluted)
5-point trend, -27.7%
$-1.80

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
GPRE
Peer Median
Payout Ratio
5-point trend, +95.8%
-0.59%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.07%
Payout Ratio
-0.59%
5Y Div CAGR
Ex-dateAmount
May 23, 2019$0.1200
Feb. 21, 2019$0.1200
Nov. 26, 2018$0.1200
Aug. 24, 2018$0.1200
May 24, 2018$0.1200
Feb. 22, 2018$0.1200
Nov. 24, 2017$0.1200
Aug. 24, 2017$0.1200
May 24, 2017$0.1200
Feb. 22, 2017$0.1200
Nov. 22, 2016$0.1200
Aug. 24, 2016$0.1200
May 25, 2016$0.1200
Feb. 24, 2016$0.1200
Nov. 24, 2015$0.1200
Aug. 26, 2015$0.1200
May 27, 2015$0.0800
Feb. 25, 2015$0.0800
Nov. 25, 2014$0.0800
Aug. 26, 2014$0.0800

GPRE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 13 analysts
  • Strong Buy 5 38.5%
  • Buy 3 23.1%
  • Hold 5 38.5%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

7 analysts · 2026-08-15
Median target $20.00 +25.1%
Mean target $17.86 +11.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.06%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.83 $0.52 0.31%
March 31, 2026 $0.42 $0.06 0.36%
Dec. 31, 2025 $0.17 $0.02 0.15%
Sept. 30, 2025 $0.17 $-0.07 0.24%
June 30, 2025 $-0.46 $-0.31 -0.15%
March 31, 2025 $-1.14 $-0.57 -0.57%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
GPRE $684M -5.4 -14.9% -5.8% -14.9% 6.6%
SUNC -492.8 11.1% -0.02%
CVI $2.56B 94.2 -5.9% 0.38% 3.8%
WKC $1.27B -2.1 -12.4% -1.7% -37.8% 2.6%
CLMT $1.72B -50.9 -1.2% -0.82% 3.9% 5.9%
REX $1.11B 13.5 1.2% 14.6% 16.2% 14.4%
GEVO $485M -14.3 849.3% -21.1% -7.2%
CLNE $461M -2.1 2.2% -52.3% -34.9%
OPAL 15.7 16.3% 10.4% -45.1%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for GPRE
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, -35.4% $2.09B $2.46B $3.30B $3.66B $2.83B $1.92B $2.42B $2.98B $3.29B $3.41B $2.97B $3.24B
Cost of Revenue · · · · · · · · · · · $2.86B
Gross Profit 7-point trend, -63.5% $137M $130M $165M $113M $202M $112M · · · · · $375M
SG&A Expense 12-point trend, +57.9% $123M $118M $133M $119M $91M $85M $77M $108M $108M $105M $80M $78M
Operating Expenses 12-point trend, -26.8% $2.16B $2.51B $3.36B $3.76B $2.80B $2.05B $2.56B $2.89B $3.27B $3.32B $2.90B $2.95B
Operating Income 12-point trend, -123.5% $-67M $-47M $-62M $-99M $26M $-123M $-143M $90M $24M $92M $61M $286M
Interest Expense 10-point trend, -5.5% · · $38M $33M $67M $40M $40M $87M $84M $52M $40M $40M
Interest Income 12-point trend, +558.3% $4M $8M $12M $5M $575.0K $659.0K $4M $3M $2M $2M $1M $635.0K
Other Non-op 12-point trend, -219.0% $-4M $2M $5M $28M $-2M $900.0K $5M $178.0K $3M $-3M $-457.0K $3M
Pretax Income 12-point trend, -157.4% $-144M $-71M $-82M $-99M $-43M $-161M $-173M $6M $-55M $38M $21M $250M
Income Tax 12-point trend, -156.9% $-52M $6M $-6M $5M $2M $-50M $-21M $-20M $-132M $8M $6M $91M
Net Income 12-point trend, -176.0% $-121M $-82M $-93M $-127M $-66M $-109M $-167M $16M $61M $11M $7M $160M
EPS (Basic) 12-point trend, -141.2% $-1.80 $-1.29 $-1.59 $-2.29 $-1.41 $-3.14 $-4.38 $0.39 $1.56 $0.28 $0.19 $4.37
EPS (Diluted) 12-point trend, -145.5% $-1.80 $-1.29 $-1.59 $-2.29 $-1.41 $-3.14 $-4.38 $0.39 $1.47 $0.28 $0.18 $3.96
Shares (Basic) 12-point trend, +85.1% 67,496,000 63,796,000 58,814,000 55,541,000 46,652,000 34,631,000 38,111,000 40,320,000 39,247,000 38,318,000 37,947,000 36,467,000
Shares (Diluted) 12-point trend, +65.7% 67,496,000 63,796,000 58,814,000 55,541,000 46,652,000 34,631,000 38,111,000 41,254,000 50,240,000 38,573,000 39,028,000 40,730,000
EBITDA 12-point trend, -91.0% $31M $43M $37M $-6M $117M $-44M $-70M $219M $149M $176M $127M $347M
Balance Sheet 31
Annual Balance Sheet data for GPRE
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -57.2% $182M $173M $350M $445M $426M $234M $246M $252M $267M $304M $385M $426M
Short-term Investments 2-point trend, -100.0% · · · $0 $125M · · · · · · ·
Receivables 12-point trend, -46.1% $74M $95M $94M $109M $120M $56M $107M $89M $151M $147M $96M $138M
Prepaid Expense 12-point trend, -3.5% $18M $27M $24M $20M $16M $17M $14M $14M $18M $17M $11M $19M
Other Current Assets · · · · · · · $365.0K · · · ·
Current Assets 12-point trend, -42.2% $523M $569M $733M $929M $1.12B $642M $668M $1.21B $1.21B $1.00B $913M $903M
PP&E (Net) 12-point trend, +16.0% $957M $1.04B $1.02B $1.03B $894M $802M $827M $815M $1.18B $1.18B $922M $825M
PP&E (Gross) 12-point trend, +49.0% $1.64B $1.79B $1.71B $1.66B $1.46B $1.33B $1.31B $1.23B $1.69B $1.60B $1.26B $1.10B
Accum. Depreciation 12-point trend, +148.3% $682M $750M $686M $632M $567M $530M $487M $419M $515M $418M $339M $275M
Goodwill 9-point trend, -28.7% · · · $29M $29M $11M $35M $35M $183M $184M $41M $41M
Intangibles 5-point trend, -53.9% $10M $13M $15M $18M $23M · · · · · · ·
Other Non-current Assets 12-point trend, -20.0% $41M $99M $111M $92M $84M $73M $82M $92M $219M $144M $42M $52M
Total Assets 12-point trend, -13.0% $1.58B $1.78B $1.94B $2.12B $2.16B $1.58B $1.70B $2.22B $2.78B $2.51B $1.92B $1.82B
Accounts Payable 12-point trend, -20.7% $135M $155M $187M $234M $146M $140M $157M $136M $205M $192M $167M $170M
Accrued Liabilities 12-point trend, -39.4% $39M $54M $57M $44M $57M $38M $39M $59M $64M $67M $32M $65M
Short-term Debt 12-point trend, -84.0% $34M $141M $106M $138M $173M $141M $188M $164M $526M $291M $227M $210M
Current Liabilities 12-point trend, -47.5% $269M $386M $385M $487M $472M $453M $542M $834M $886M $595M $439M $512M
Capital Leases 8-point trend, +43648000.00 $44M $49M $54M $56M $50M $50M $38M $0 · · · ·
Deferred Tax 5-point trend, -90.6% · · · · · · · $10M $57M $140M $82M $108M
Other Non-current Liabilities 12-point trend, +602.1% $34M $22M $19M $24M $22M $13M $9M $11M $15M $9M $6M $5M
Total Liabilities 12-point trend, -20.6% $813M $908M $949M $1.06B $1.06B $802M $833M $1.15B $1.73B $1.53B $959M $1.02B
Long-term Debt 12-point trend, -19.1% $374M $438M $499M $504M $559M $431M $434M $356M $852M $818M $437M $463M
Total Debt 12-point trend, -40.6% $400M $575M $600M $635M $723M $526M $564M $891M $1.36B $1.11B $675M $673M
Common Stock 12-point trend, +68.9% $76.0K $68.0K $62.0K $62.0K $62.0K $47.0K $47.0K $47.0K $46.0K $46.0K $45.0K $45.0K
Paid-in Capital 6-point trend, +71.1% $1.27B $1.21B $1.11B $1.11B $1.07B $741M · · · · · ·
Retained Earnings 12-point trend, -247.0% $-440M $-318M $-236M $-142M $-15M $39M $148M $325M $325M $283M $291M $299M
Treasury Stock 12-point trend, -6.6% $61M $31M $31M $31M $92M $131M $120M $58M $55M $76M $70M $66M
AOCI 12-point trend, +88.4% $-618.0K $973.0K $-3M $-27M $-12M $-2M $-11M $-16M $-13M $-4M $-1M $-5M
Stockholders' Equity 12-point trend, -3.9% $766M $865M $844M $910M $950M $647M $752M $947M $942M $863M $798M $797M
Liabilities + Equity 12-point trend, -13.0% $1.58B $1.78B $1.94B $2.12B $2.16B $1.58B $1.70B $2.22B $2.78B $2.51B $1.92B $1.82B
Shares Outstanding 12-point trend, +55.8% 69,828,077 64,707,223 62,327,000 62,101,000 61,840,000 47,471,000 46,964,000 46,638,000 46,410,000 46,079,000 45,282,000 44,809,000
Cash Flow 18
Annual Cash Flow data for GPRE
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +58.4% $98M $91M $98M $93M $92M $78M $72M $98M $104M $84M $66M $62M
Stock-based Comp 12-point trend, +397.7% $17M $8M $13M $9M $6M $8M $10M $11M $12M $9M $9M $3M
Deferred Tax 12-point trend, -325.1% $-53M $4M $-7M $5M $1M $-13M $-17M $-24M $-81M $5M $-28M $24M
Other Non-cash 12-point trend, +770.4% $170M $-50M $45M $91M $-29M $135M $93M $-68M $-259M $-24M $-40M $-25M
Operating Cash Flow 12-point trend, -50.0% $111M $-30M $56M $70M $4M $99M $-10M $39M $-182M $101M $14M $222M
CapEx 12-point trend, -37.5% $37M $95M $108M $212M $187M $111M $75M $41M $45M $58M $63M $60M
Investing Cash Flow 12-point trend, +306.3% $162M $-62M $-107M $-105M $-236M $-11M $31M $507M $-128M $-573M $-183M $-79M
Debt Issued 12-point trend, -94.5% $30M $0 $0 $45M $368M $33M $158M $83M $571M $524M $178M $543M
Net Debt Issued 12-point trend, +297.9% $30M $0 $0 $45M $368M $33M $158M $-493M $60M $417M $-17M $-15M
Stock Issued 4-point trend, +0.00 · · $0 $0 $356M $0 · · · · · ·
Stock Repurchased 11-point trend, +649.4% $30M $0 $0 $0 $0 $11M $62M $3M $7M $6M $4M ·
Net Stock Activity 10-point trend, -649.4% $-30M · $0 $0 $356M $-11M $-62M $-3M $-7M $-6M $-4M ·
Dividends Paid 12-point trend, -91.9% $721.0K $5M $23M $23M $9M $10M $32M $41M $39M $37M $20M $9M
Financing Cash Flow 12-point trend, -2496.1% $-252M $-77M $-71M $-25M $518M $-83M $-69M $-541M $216M $425M $129M $11M
Net Change in Cash 12-point trend, -86.5% $21M $-169M $-122M $-61M $286M $5M $-48M $6M $-94M $-47M $-41M $153M
Taxes Paid 12-point trend, -97.1% $2M $486.0K $1M $583.0K $1M $-61M $563.0K $-22M $-4M $5M $44M $62M
Free Cash Flow 12-point trend, -54.5% $74M $-125M $-52M $-143M $-183M $-12M $-85M $-5M $-206M $25M $-53M $162M
Levered FCF 10-point trend, -163.6% · · $-87M $-177M $-253M $-39M $-120M $-191M $-36M $-16M $-82M $137M
Profitability 8
Annual Profitability data for GPRE
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 5-point trend, -43.4% 6.6% 5.3% 5.8% 3.8% · · · · · · · 11.6%
Operating Margin 12-point trend, -136.4% -3.2% -1.9% -1.9% -2.7% 0.90% -6.4% -5.9% 3.0% 1.2% 2.7% 2.1% 8.8%
Net Margin 12-point trend, -217.6% -5.8% -3.4% -2.8% -3.5% -2.3% -5.7% -6.9% 0.41% 1.7% 0.31% 0.24% 4.9%
Pretax Margin 12-point trend, -188.9% -6.9% -2.9% -2.5% -2.7% -1.5% -8.4% -7.1% 0.52% -1.2% 1.1% 0.72% 7.7%
EBITDA Margin 12-point trend, -86.1% 1.5% 1.8% 1.1% -0.17% 4.2% -2.3% -2.9% 5.7% 4.2% 5.2% 4.3% 10.7%
ROA 12-point trend, -176.1% -7.2% -4.4% -4.6% -5.9% -3.5% -6.6% -8.5% 0.64% 2.3% 0.48% 0.38% 9.5%
ROE 12-point trend, -162.6% -14.9% -9.7% -10.7% -13.7% -8.3% -15.6% -19.7% 1.7% 6.8% 1.3% 0.89% 23.8%
ROIC 12-point trend, -129.8% -3.7% -3.6% -4.0% -6.7% 1.6% -7.2% -9.5% 11.6% -3.4% 3.7% 2.9% 12.4%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for GPRE
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, +0.8% 1.8 1.5 1.9 1.9 2.4 1.4 1.2 1.4 1.4 1.7 2.1 1.8
Quick Ratio 12-point trend, -13.3% 1.0 0.7 1.2 1.1 1.4 0.6 0.7 0.4 0.5 0.8 1.1 1.1
Debt / Equity 12-point trend, -38.2% 0.5 0.7 0.7 0.7 0.8 0.8 0.8 0.9 1.4 1.3 0.8 0.8
LT Debt / Equity 12-point trend, -5.7% 0.5 0.5 0.6 0.5 0.5 0.4 0.3 0.3 0.8 0.9 0.6 0.5
Interest Coverage 10-point trend, -122.8% · · -1.6 -3.0 0.4 -3.1 -3.5 1.1 0.5 1.8 1.5 7.2
Efficiency 2
Annual Efficiency data for GPRE
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -35.4% 1.2 1.3 1.6 1.7 1.5 1.2 1.2 1.5 1.4 1.5 1.6 1.9
Receivables Turnover 12-point trend, -6.5% 24.7 26.0 32.5 32.0 32.2 23.6 24.7 30.6 24.1 28.0 25.3 26.4
Per Share 6
Annual Per Share data for GPRE
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -48.2% $10.97 $13.37 $14.18 $15.35 $17.73 $18.14 $20.87 $23.04 $22.93 $22.48 $21.06 $21.20
Revenue / Share 12-point trend, -61.0% $30.99 $38.54 $56.04 $65.95 $60.60 $55.55 $63.43 $93.16 $71.58 $88.43 $75.99 $79.44
Cash Flow / Share 12-point trend, -69.8% $1.64 $-0.47 $0.96 $1.26 $0.09 $2.86 $-0.25 $0.94 $-3.18 $2.15 $0.26 $5.44
Cash / Share 12-point trend, -76.9% $2.61 $2.67 $5.87 $7.50 $7.95 $6.56 $6.83 $6.12 $6.49 $7.93 $10.16 $11.31
Dividend / Share 3-point trend, +20.0% · · · · · · · $0 $0 $0 · ·
EPS (TTM) 12-point trend, -145.5% $-1.80 $-1.29 $-1.59 $-2.29 $-1.41 $-3.14 $-4.38 $0.39 $1.47 $0.28 $0.18 $3.96
Growth Rates 4
Annual Growth Rates data for GPRE
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -131.8% -14.9% -25.4% -10.0% 29.6% 47.0% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -186.7% -17.0% -4.5% 19.7% · · · · · · · · ·
Revenue CAGR 5Y 1.7% · · · · · · · · · · ·
Dividend CAGR 5Y -40.5% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for GPRE
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, -35.4% $2.09B $2.46B $3.30B $3.66B $2.83B $1.92B $2.42B $2.98B $3.29B $3.41B $2.97B $3.24B
Net Income TTM 12-point trend, -176.0% $-121M $-82M $-93M $-127M $-66M $-109M $-167M $16M $61M $11M $7M $160M
Market Cap 12-point trend, -26.6% $684M $613M $1.50B $1.81B $1.86B $470M $556M $539M $692M $1.07B $868M $932M
Enterprise Value 12-point trend, -23.6% $901M $1.02B $1.75B $2.00B $2.03B $762M $874M $1.18B $1.79B $1.87B $1.16B $1.18B
P/E 12-point trend, -187.0% -5.4 -7.3 -15.9 -13.3 -24.7 -4.2 -3.5 33.6 11.5 99.5 127.2 6.3
P/S 12-point trend, +13.6% 0.3 0.2 0.5 0.5 0.7 0.2 0.2 0.2 0.2 0.3 0.3 0.3
P/B 12-point trend, -23.6% 0.9 0.7 1.8 2.0 2.0 0.7 0.7 0.6 0.7 1.2 1.1 1.2
P / Tangible Book 6-point trend, +22.7% 0.9 0.7 1.8 2.1 2.1 0.7 · · · · · ·
P / Cash Flow 12-point trend, +46.7% 6.2 -20.5 26.6 25.9 438.8 4.7 -58.3 13.8 -4.3 12.9 84.9 4.2
P / FCF 12-point trend, +61.5% 9.3 -4.9 -29.0 -12.7 -10.2 -40.2 -6.5 -103.2 -3.4 43.1 -16.3 5.8
EV / EBITDA 12-point trend, +749.7% 28.9 23.6 47.8 -319.8 17.3 -17.1 -12.4 5.4 12.0 10.6 9.1 3.4
EV / FCF 12-point trend, +68.1% 12.2 -8.1 -33.8 -14.0 -11.1 -65.2 -10.3 -225.7 -8.7 75.5 -21.8 7.3
EV / Revenue 12-point trend, +18.2% 0.4 0.4 0.5 0.5 0.7 0.4 0.4 0.4 0.5 0.5 0.4 0.4
Dividend Yield 12-point trend, -88.5% 0.11% 0.84% 1.5% 1.2% 0.50% 2.1% 5.7% 7.7% 5.7% 3.5% 2.3% 0.96%
Earnings Yield 12-point trend, -215.0% -18.4% -13.6% -6.3% -7.5% -4.1% -23.8% -28.4% 3.0% 8.7% 1.0% 0.79% 16.0%
Payout Ratio 12-point trend, -110.6% -0.59% -6.3% -24.3% -17.7% -14.0% -8.9% -19.0% 259.1% 64.5% 349.6% 280.2% 5.6%
Annual Payout 12-point trend, -91.9% $721.0K $5M $23M $23M $9M $10M $32M $41M $39M $37M $20M $9M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $2.09B$2.46B$3.30B$3.66B$2.83B
Gross Margin % 6.6%5.3%5.8%3.8%
Operating Margin % -3.2%-1.9%-1.9%-2.7%0.90%
Net Income $-121M$-82M$-93M$-127M$-66M
Diluted EPS $-1.80$-1.29$-1.59$-2.29$-1.41
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.50.70.70.70.8
Current Ratio 1.81.51.91.92.4
Quick Ratio 1.00.71.21.11.4
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $74M$-125M$-52M$-143M$-183M

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Institutional owners (13F) 251 filers · $968.9M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
51 (+12 vs prior Q) 22 (-17 vs prior Q) 69 (+5 vs prior Q) 77 (+8 vs prior Q) +12.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Grantham, Mayo, Van Otterloo & Co. LLC $59,966,112 3,898,967 6.19% Shares
STATE STREET CORP $57,649,992 3,748,374 5.95% Shares
VANGUARD CAPITAL MANAGEMENT LLC $45,932,693 2,986,521 4.74% Shares
Ancora Advisors LLC $41,650,701 2,708,108 4.30% Shares
TWO SIGMA INVESTMENTS, LP $39,282,473 2,554,127 4.05% Shares
GOLDMAN SACHS GROUP INC $37,637,413 2,447,166 3.88% Shares
BNP PARIBAS FINANCIAL MARKETS $34,979,441 2,274,346 3.61% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $31,210,603 2,029,298 3.22% Shares
GEODE CAPITAL MANAGEMENT, LLC $27,935,928 1,815,906 2.88% Shares
DIMENSIONAL FUND ADVISORS LP $26,947,190 1,752,093 2.78% Shares
Perpetual Ltd $26,692,728 1,735,548 2.75% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $24,335,251 1,582,266 2.51% Shares
MILLENNIUM MANAGEMENT LLC $24,219,686 1,574,752 2.50% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $23,714,637 1,541,914 2.45% Shares
Thomist Capital Management, LP $19,542,013 1,270,612 2.02% Shares
Qube Research & Technologies Ltd $16,582,301 1,078,173 1.71% Shares
Sourcerock Group LLC $15,708,871 1,021,383 1.62% Shares
MORGAN STANLEY $15,408,668 1,001,864 1.59% Shares
Kailix Advisors LLC $15,149,300 985,000 1.56% Shares
D. E. Shaw & Co., Inc. $15,126,184 983,497 1.56% Shares
AMERIPRISE FINANCIAL INC $15,051,299 978,628 1.55% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $14,258,798 927,100 1.47% Call option
BANK OF AMERICA CORP /DE/ $13,192,995 857,802 1.36% Shares
JUPITER ASSET MANAGEMENT LTD $11,986,172 779,335 1.24% Shares
Walleye Trading LLC $10,735,240 698,000 1.11% Call option
WELLS FARGO & COMPANY/MN $10,392,804 675,735 1.07% Shares
Walleye Capital LLC $10,356,123 673,350 1.07% Shares
FMR LLC $9,757,103 634,402 1.01% Shares
LMR Partners LLP $9,583,278 623,100 0.99% Put option
TWO SIGMA ADVISERS, LP $9,500,120 969,400 0.98% Shares
TUDOR INVESTMENT CORP ET AL $9,137,566 594,120 0.94% Shares
Fulcrum Asset Management LLP $9,004,817 544,756 0.93% Shares
RENAISSANCE TECHNOLOGIES LLC $8,689,346 564,977 0.90% Shares
JPMORGAN CHASE & CO $8,578,840 562,916 0.89% Shares
Balyasny Asset Management L.P. $7,307,576 475,135 0.75% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $7,228,615 470,001 0.75% Shares
VANGUARD FIDUCIARY TRUST CO $7,101,653 461,746 0.73% Shares
Jump Financial, LLC $6,839,486 444,700 0.71% Shares
AQR CAPITAL MANAGEMENT LLC $5,965,518 387,875 0.62% Shares
SG Capital Management LLC $5,302,193 344,746 0.55% Shares
NORGES BANK $5,212,282 338,900 0.54% Shares
OSSIAM $4,970,816 323,200 0.51% Shares
Hillsdale Investment Management Inc. $4,947,361 321,675 0.51% Shares
FEDERATED HERMES, INC. $4,757,772 309,348 0.49% Shares
Point72 Asset Management, L.P. $4,746,699 308,628 0.49% Shares
Squarepoint Ops LLC $4,475,334 290,984 0.46% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $4,450,126 289,345 0.46% Shares
VANGUARD GROUP INC $4,312,274 440,028 0.45% Shares
CITIGROUP INC $4,124,593 268,179 0.43% Shares
ALGERT GLOBAL LLC $4,012,796 260,910 0.41% Shares
Cinctive Capital Management LP $3,972,362 258,281 0.41% Shares
Trexquant Investment LP $3,971,162 258,203 0.41% Shares
Cubist Systematic Strategies, LLC $3,908,121 444,610 0.40% Shares
Parallax Volatility Advisers, L.P. $3,845,000 250,000 0.40% Put option
Assenagon Asset Management S.A. $3,826,744 248,813 0.39% Shares
One Capital Management, LLC $3,386,380 205,859 0.35% Shares
Walleye Trading LLC $3,331,308 216,600 0.34% Put option
Engineers Gate Manager LP $3,118,910 202,790 0.32% Shares
STATE OF WISCONSIN INVESTMENT BOARD $3,105,453 201,915 0.32% Shares
CITADEL ADVISORS LLC $3,012,942 195,900 0.31% Call option
FRANKLIN RESOURCES INC $2,787,425 181,237 0.29% Shares
BARCLAYS PLC $2,780,535 180,789 0.29% Shares
JANE STREET GROUP, LLC $2,642,284 171,800 0.27% Call option
Man Group plc $2,541,745 165,263 0.26% Shares
BOOTHBAY FUND MANAGEMENT, LLC $2,334,653 151,798 0.24% Shares
AMERICAN CENTURY COMPANIES INC $2,308,415 150,092 0.24% Shares
J. Goldman & Co LP $2,114,842 137,506 0.22% Shares
Swiss National Bank $1,993,248 129,600 0.21% Shares
BlackRock, Inc. $1,884,496 122,529 0.19% Shares
SIG BROKERAGE, LP $1,845,600 120,000 0.19% Call option
Caption Management, LLC $1,830,220 119,000 0.19% Call option
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $1,750,336 113,806 0.18% Shares
Future Fund LLC $1,732,203 112,627 0.18% Shares
Walnut Level Capital LLC $1,645,000 100,000 0.17% Call option
Connor, Clark & Lunn Investment Management Ltd. $1,636,770 106,422 0.17% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $1,618,114 105,209 0.17% Shares
Numerai GP LLC $1,617,684 105,181 0.17% Shares
Hartree Partners, LP $1,598,597 103,940 0.16% Shares
Rafferty Asset Management, LLC $1,591,830 103,500 0.16% Shares
ALPS ADVISORS INC $1,586,970 103,184 0.16% Shares
CITADEL ADVISORS LLC $1,569,421 102,043 0.16% Shares
Brandywine Global Investment Management, LLC $1,562,022 159,390 0.16% Shares
RHUMBLINE ADVISERS $1,554,830 101,095 0.16% Shares
Parallax Volatility Advisers, L.P. $1,538,000 100,000 0.16% Call option
PRUDENTIAL FINANCIAL INC $1,519,929 98,825 0.16% Shares
Campbell & CO Investment Adviser LLC $1,518,068 98,704 0.16% Shares
Bank of New York Mellon Corp $1,510,824 98,233 0.16% Shares
Quantbot Technologies LP $1,490,507 96,912 0.15% Shares
Walnut Level Capital LLC $1,476,075 89,731 0.15% Shares
Integrated Quantitative Investments LLC $1,318,897 85,754 0.14% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,313,452 85,400 0.14% Put option
WOLVERINE TRADING, LLC $1,302,960 142,400 0.13% Put option
CoreCommodity Management, LLC $1,274,525 82,869 0.13% Shares
WOLVERINE TRADING, LLC $1,234,335 134,900 0.13% Call option
XTX Topco Ltd $1,231,107 80,046 0.13% Shares
MARTINGALE ASSET MANAGEMENT L P $1,168,188 75,955 0.12% Shares
CITADEL ADVISORS LLC $1,113,512 72,400 0.11% Put option
Swedbank AB $1,087,366 70,700 0.11% Shares
ALLIANCEBERNSTEIN L.P. $1,050,826 63,880 0.11% Shares
Atom Investors LP $936,996 60,923 0.10% Shares

Company insiders 57 insiders · 3 officers · 15 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Ron B. Gillis EVP of Finance & Treaurer April 10, 2010 F 28,358 0 0 $0
Dan E Christensen EXEC VICE PRESIDENT Feb. 26, 2008 P 106,276 0 0 $0
Barry A Ellsworth Exec VP July 13, 2007 A 221,937 0 0 $0
Patrick Francis Sweeney Director June 5, 2026 A 15,402 0 0 $0
Steven J Furcich Director June 5, 2026 A 45,355 0 0 $0
Kimberly Wagner Director June 5, 2026 A 61,131 0 0 $0
Carl J. Grassi Director June 5, 2026 A 45,355 0 0 $0
Farha Aslam Director June 5, 2026 A 54,190 0 0 $0
James D Anderson Director June 5, 2026 A 132,150 0 0 $0
Martin Salinas Director June 5, 2026 A 69,020 0 0 $0
Brian Peterson Director June 5, 2026 A 80,339 0 0 $0
Herschel Collier Patton II Director Nov. 8, 2007 A 58,688 0 0 $0
Roy Stephen Nicholson Director June 25, 2007 A 77,000 0 0 $0
David Allen Hart Director June 25, 2007 A 19,800 0 0 $0
Robert Dale Vavra Director June 25, 2007 A 18,800 0 0 $0
Michael Amie Warren Director May 31, 2007 P 2,000 0 0 $0
Green Plains Inc. 10% owner Jan. 9, 2024 A 23,264,833 0 0 $0
Tourbillon Capital Partners, L.P. 10% owner Dec. 31, 2014 S 30,529 0 0 $0
Greenstar North America Holdings, Inc. 10% owner May 25, 2010 J 11,227,653 0 0 $0
NTR US Biosystems Holdings Ltd 10% owner May 25, 2010 J 0 0 0 $0
Trent Lee Collins April 29, 2026 F 46,757 0 0 $0
Imre Havasi March 13, 2026 F 71,461 0 0 $0
James F Herbert II March 13, 2026 F 86,696 0 0 $0
Chris Osowski March 13, 2026 F 238,390 0 0 $0
Ryan P Loneman Feb. 27, 2026 A 34,882 0 0 $0
Ann Reis Feb. 27, 2026 A 41,558 0 0 $0
Michelle Mapes Jan. 7, 2026 A 67,241 0 1 $-294,373
Philip B Boggs Jan. 5, 2026 A 80,892 0 0 $0
Patrich G Simpkins Jr Aug. 27, 2025 A 280,227 0 0 $0
Ejnar A Knudsen III May 9, 2025 F 44,977 0 0 $0
Alain Treuer May 9, 2025 F 46,089 0 0 $0
Todd A Becker March 7, 2025 A 845,071 0 0 $0
Grant D Kadavy Feb. 6, 2025 D 5,174 0 0 $0
Leslie Van Der Meulen Feb. 6, 2025 D 26,013 0 0 $0
James E Stark Nov. 15, 2024 F 25,269 0 0 $0
Wayne Hoovestol May 5, 2023 F 177,978 0 0 $0
Paul E Kolomaya March 17, 2023 F 78,936 0 0 $0
Negil Mcpherson Jr. March 14, 2022 A 7,202 0 0 $0
James F Crowley May 26, 2021 S 21,286 0 0 $0
Thomas L Manuel May 8, 2021 F 43,616 0 0 $0
Gordon Fredrick Glade May 8, 2021 F 81,332 0 0 $0
EDWARDS S EUGENE May 8, 2021 F 61,531 0 0 $0
Walter S Cronin March 19, 2021 A 83,169 0 0 $0
Mark A Hudak March 19, 2021 A 63,131 0 0 $0
Anthony R Vojslavek Aug. 29, 2019 F 14,739 0 0 $0
Michael A Metzler March 21, 2019 S 46,044 0 0 $0
Joel Jarnagin March 19, 2019 F 26,049 0 0 $0
John W Neppl March 19, 2019 F 74,570 0 0 $0
Jeffrey S. Briggs Dec. 20, 2018 S 95,786 0 0 $0
Kenneth Simril Oct. 3, 2018 F 30,698 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 19 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Ancora Alternatives LLC, Ancora Merlin, LP, ANCORA MERLIN INSTITUTIONAL, LP, Ancora Catalyst, LP, Ancora Catalyst Institutional, LP, Ancora Bellator Fund, LP, Ancora Impact Fund LP - Series Q, Ancora Impact Fund LP - Series S, Ancora Impact Fund SPC Ltd. - Segregated Portfolio H, ANCORA FAMILY WEALTH ADVISORS, LLC, Inverness Holdings LLC, Ancora Holdings Group, LLC, DiSanto Fredrick D. ×4 filings Sept. 11, 2025 4.70% Amendment SEC
Ancora Merlin, LP, Ancora Merlin Institutional, LP, Ancora Catalyst, LP, Ancora Catalyst Institutional, LP, Ancora Bellator Fund LP, Ancora Impact Fund LP Series Q*, Ancora Impact Fund LP Series S*, Ancora Impact Fund SPC Ltd Segregated Portfolio H, Ancora Alternatives LLC, Ancora Holdings Group, LLC, Frederick DiSanto ×5 filings Feb. 7, 2024 Initial filing SEC
Green Plains Inc., GPLP Holdings Inc. ×4 filings Jan. 10, 2024 Initial filing SEC
Sept. 18, 2023 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person Nov. 16, 2018 Initial filing SEC
Undisclosed reporting person March 23, 2015 Initial filing SEC
Wilon Holdings S.A., Alain Treuer ×4 filings Jan. 9, 2015 Initial filing SEC
Undisclosed reporting person Aug. 16, 2013 Initial filing SEC
Undisclosed reporting person June 19, 2013 Initial filing SEC
NTR plc (2), Greenstar North America Holdings, Inc. (2), Greenstar Investments LLC (2) March 23, 2012 Initial filing SEC
Undisclosed reporting person March 19, 2012 Initial filing SEC
Undisclosed reporting person Sept. 21, 2011 Initial filing SEC
NTR plc No IRS Identification Number ×2 filings Sept. 21, 2011 Initial filing SEC
Undisclosed reporting person March 23, 2010 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person March 19, 2010 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 51 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
UPGR · DBX ETF Trust 1.94% 8,110 NS May 29, 2026 N-PORT
ACES · ALPS ETF Trust 1.17% 108,438 NS May 31, 2026 N-PORT
PXI · Invesco Exchange-Traded Fund Trust 1.09% 37,703 SH Aug. 8, 2026 Daily
ICLN · iShares Trust 0.96% 1,306,944 SH Aug. 8, 2026 Daily
PBD · Invesco Exchange-Traded Fund Trust … 0.95% 124,498 SH Aug. 8, 2026 Daily
GUSH · Direxion Shares ETF Trust 0.54% 91,932 NS April 30, 2026 N-PORT
CCNR · Financial Investors Trust 0.34% 76,278 NS April 30, 2026 N-PORT
IWC · iShares Trust 0.24% 235,944 SH Aug. 8, 2026 Daily
IEO · iShares Trust 0.18% 65,699 SH Aug. 8, 2026 Daily
FNDA · SCHWAB STRATEGIC TRUST 0.18% 1,040,565 NS May 31, 2026 N-PORT
AFSM · First Trust Exchange-Traded Fund VI… 0.13% 7,895 NS May 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.12% 159,076 SH Aug. 8, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.11% 220,435 SH Aug. 8, 2026 Daily
VDE · VANGUARD WORLD FUND 0.09% 618,486 SH Aug. 8, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.07% 60,504 SH Aug. 8, 2026 Daily
SMMV · iShares Trust 0.07% 12,999 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.07% 648,268 SH Aug. 8, 2026 Daily
AVSC · AMERICAN CENTURY ETF TRUST 0.07% 119,048 NS May 31, 2026 N-PORT
ESML · iShares Trust 0.04% 83,135 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.04% 29,819 NS April 30, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.04% 22,173 NS May 31, 2026 N-PORT
IWM · iShares Trust 0.03% 1,774,471 SH Aug. 8, 2026 Daily
ISCG · iShares Trust 0.03% 21,295 SH Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.03% 399,784 SH Aug. 8, 2026 Daily
DFAS · Dimensional ETF Trust 0.03% 228,589 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.03% 3,228 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.02% 338,410 NS May 31, 2026 N-PORT
ISCB · iShares Trust 0.02% 3,028 SH Aug. 8, 2026 Daily
UWM · ProShares Trust 0.02% 2,525 NS May 31, 2026 N-PORT
AVIE · AMERICAN CENTURY ETF TRUST 0.02% 103 NS May 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.01% 58,233 NS April 30, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.01% 11,378 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.01% 2,866 NS April 30, 2026 N-PORT
URTY · ProShares Trust 0.01% 2,555 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.01% 802,691 SH Aug. 8, 2026 Daily
WSML · iShares Trust 0.01% 3,477 SH Aug. 8, 2026 Daily
DFAC · Dimensional ETF Trust 0.01% 191,747 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.01% 2,835 NS May 31, 2026 N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe… 0.01% 1,063 SH Aug. 8, 2026 Daily
DCOR · Dimensional ETF Trust 0.01% 8,431 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.00% 64 NS May 31, 2026 N-PORT
ONEQ · Fidelity Commonwealth Trust 0.00% 28,711 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 18,766 NS April 30, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 31,136 NS April 30, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 15,801 NS May 31, 2026 N-PORT
IWV · iShares Trust 0.00% 20,676 SH Aug. 8, 2026 Daily
ITOT · iShares Trust 0.00% 87,954 SH Aug. 8, 2026 Daily
SCHB · SCHWAB STRATEGIC TRUST 0.00% 37,904 NS May 31, 2026 N-PORT
AVUV · AMERICAN CENTURY ETF TRUST 0.00% 16,682 NS May 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 2,114,601 SH Aug. 8, 2026 Daily