Alto Ingredients, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Organization and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

The Company sold to one customer representing 10% or more of the Company’s total net sales, as follows.

The Company purchased corn from suppliers representing 10% or more of the Company’s total corn purchases, as follows:

Inventory balances consisted of the following (in thousands):

Depreciation is computed using the straight-line method over the following estimated useful lives:

Buildings		40 years
Facilities and plant equipment		10 – 25 years
Other equipment, vehicles and furniture		5 – 10 years

The following tables compute basic and diluted income (loss) per share (in thousands, except per share data):

	Year Ended December 31, 2025
	Income Numerator			Shares Denominator		Per-Share Amount
Consolidated net income	$	13,338
Less: Preferred stock dividends		(1,265	)
Basic income per share:
Income attributable to common stockholders	$	12,073			74,507	$	0.16
Add: Dilutive securities		—			1,156
Diluted income per share:
Income attributable to common stockholders	$	12,073			75,663	$	0.16

	Year Ended December 31, 2024
	Loss Numerator			Shares Denominator		Per-Share Amount
Consolidated net loss	$	(58,984	)
Less: Preferred stock dividends		(1,269	)
Basic and diluted loss per share:
Loss attributable to common stockholders	$	(60,253	)		73,482	$	(0.82	)

	Year Ended December 31, 2023
	Loss Numerator			Shares Denominator		Per-Share Amount
Consolidated net loss	$	(28,005	)
Less: Preferred stock dividends		(1,265	)
Basic and diluted loss per share:
Loss attributable to common stockholders	$	(29,270	)		73,339	$	(0.40	)