We tested a wet extraction method for lipid extraction from Euglena gracilis water slurry at 0.51 MPa and 20 °C using liquefied dimethyl ether (DME). The yields, proximate analyses, elemental composition, and molecular weight distribution properties of the extracts from E. gracilis and the remaining residues obtained by DME extraction were compared with those of the extracts obtained by hexane Soxhlet extraction.