v3.26.1
Intangible Assets and Goodwill
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill
13. Intangible Assets and Goodwill
During the six months ended June 30, 2026, the Company generated $15.0 million in CFPCs as intangible assets, related to the production and sale of low-carbon transportation fuels under Section 45Z of the Internal Revenue Code. See Note 4, Tax Credit Recognition and Sales. Other identifiable intangible assets consist of developed technology, customer-related intangible assets, trade name and acquired patents, which management evaluates to determine whether they (i) support current products, (ii) support planned research and development, or (iii) prevent others from competing with Gevo’s products, and identifiable intangible assets.
The following tables set forth the Company’s intangible assets by classification (in thousands) as of:
June 30, 2026
Gross Carrying
Amount		Accumulated
Amortization		Identifiable
Intangible
Assets, net		Weighted-
Average Remaining
Useful Life
(Years)
Patents$5,393 $(2,776)$2,617 9.9
Defensive assets4,900 (2,801)2,099 3.6
Developed technology1,300 (477)823 3.2
Customer-related intangible assets46,300 (16,398)29,902 3.1
Intangible assets with finite lives57,893 (22,452)35,441 3.4
Other intangible assets:
CFPC intangible assets36,151 — 36,151 
Total intangible assets$94,044 $(22,452)$71,592 
December 31, 2025
Gross Carrying
Amount		Accumulated
Amortization		Identifiable
Intangible
Assets, Net		Weighted-
Average Remaining
Useful Life
(Years)
Patents$4,280 $(2,485)$1,795 3.1
Defensive assets4,900 (2,508)2,392 4.1
Developed technology1,300 (347)953 3.7
Customer-related intangible assets47,800 (10,735)37,065 3.5
Trade name100 (33)67 2.7
Intangible assets with finite lives58,380 (16,108)42,272 3.5
Other intangible assets:
CFPC intangible assets52,731 — 52,731 
Total intangible assets$111,111 $(16,108)$95,003 
The Company recorded amortization expense of $3.3 million for each of the three months ended June 30, 2026 and 2025. The Company recorded amortization expense of $6.6 million and $5.6 million for the six months ended June 30, 2026 and 2025, respectively.
The following table details the estimated amortization of identifiable intangible assets with finite lives as of June 30, 2026 (in thousands):
PatentsDefensive
Assets		Developed
Technology		Customer
Related		Total
2026 (remaining)$319 $293 $130 $5,787 $6,529 
2027638 586 260 11,575 13,059 
2028638 586 260 11,575 13,059 
2029104 586 173 965 1,828 
203056 48 — — 104 
2031 and thereafter862 — — — 862 
Total intangible assets$2,617 $2,099 $823 $29,902 $35,441 
Goodwill
During 2025, goodwill increased by $39.8 million, primarily as a result of the acquisition of substantially all the assets and certain liabilities of Red Trail Energy. The increase reflects the difference between the fair value of the net assets purchased from Red Trail Energy, including intangible assets, and the purchase price, with the excess recorded as goodwill. The goodwill recognized in this acquisition is primarily attributable to expected synergies from integrating operations, as well as other factors that are not individually identifiable or separately recognized.
The following table sets forth the changes in the carrying amount of goodwill (in thousands) for the periods presented:
Six Months Ended June 30, 2026Year Ended December 31, 2025
Goodwill, beginning of period:
Gevo $3,790 $3,740 
GevoND39,768 — 
Total43,558 3,740 
Acquisitions:
Gevo— — 
GevoND— 37,815 
Total— 37,815 
Balance adjustments (post-acquisition working capital adjustments):
Gevo— 50 
GevoND— 1,953 
Total— 2,003 
Goodwill, end of period:
Gevo3,790 3,790 
GevoND39,768 39,768 
Total$43,558 $43,558