Alto Ingredients, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting third-quarter net income of $13.0 million and a reduction in total liabilities compared to year-end 2025.

Key Highlights

  • Third-quarter net sales: $257,885 thousand, up from $240,986 thousand in the same quarter of 2025, according to the filing.
  • Third-quarter net income: $13,022 thousand, compared to $14,208 thousand in Q3 2025.
  • Nine-month net income: $28,994 thousand for the nine months ended September 30, 2026, versus a net loss of $8,468 thousand for the same period in 2025.
  • Transferable tax credits generated, net: $7,565 thousand in Q3 2026 and $16,577 thousand for the nine months ended September 30, 2026, with no comparable amount reported for 2025.
  • Total assets: $402,450 thousand as of September 30, 2026, up from $388,786 thousand at December 31, 2025.
  • Debt reduction: Principal payments on term debt of $25,100 thousand were made during the nine months ended September 30, 2026.
  • Shares outstanding: 77,570,731 shares of common stock as of November 5, 2026, per the filing.

Alto Ingredients Reports Q3 2026 Results: Revenue Growth and Swing to Nine-Month Profitability

Alto Ingredients, Inc. (NASDAQ:ALTO) reported third-quarter 2026 net sales of $257,885 thousand, an increase from $240,986 thousand in the third quarter of 2025, according to the 10-Q filing. Cost of goods sold for the quarter was $243,084 thousand, producing gross profit of $14,801 thousand, compared with gross profit of $23,494 thousand in Q3 2025. Selling, general and administrative expenses were $7,786 thousand for the quarter, versus $6,514 thousand a year earlier. Income from operations for Q3 2026 was $7,015 thousand, compared to $16,980 thousand in Q3 2025.

For the nine months ended September 30, 2026, the company reported net income of $28,994 thousand, a shift from a net loss of $8,468 thousand in the comparable prior-year period. The filing attributes part of this change to transferable tax credits generated, net, which totaled $16,577 thousand for the nine-month period, with no such amount recorded in 2025. Interest expense, net, declined to $5,678 thousand for the nine months from $8,340 thousand a year earlier, reflecting the company's $25,100 thousand in term debt principal payments made during the period.

As of September 30, 2026, the company reported total assets of $402,450 thousand, total liabilities of $128,996 thousand, and total stockholders' equity of $273,454 thousand, compared to total liabilities of $143,545 thousand and stockholders' equity of $245,241 thousand at December 31, 2025. The accumulated deficit narrowed to $784,045 thousand from $812,093 thousand at year-end 2025. Net cash provided by operating activities for the nine months was $45,554 thousand, versus $3,705 thousand in the prior-year period. The company's diluted net income per share for Q3 2026 was $0.16, and $0.36 for the nine-month period.

What Was Disclosed

Alto Ingredients filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing revenue, profitability, balance sheet, and cash flow data, including transferable tax credits, debt repayment activity, and share counts as of November 5, 2026.