Aqua Metals, Inc.
AQMS Nasdaq· Secondary Smelting & Refining Of Nonferrous Metals
Last close · Oct 26, 2026
$1.47
KIRA · Stoqly’s AI analyst, in plain words
- Aqua Metals, Inc. lost $22.6M in fiscal 2025.
- Free cash flow was −$10.7M in fiscal 2025, — of revenue.
Market cap
—
P/E
—
Revenue
—
Net income
−$22.6M
Free cash flow
−$10.7M
Operating margin
—
Aqua Metals, Inc. in 30 seconds · fiscal 2025
Does it make a profit?
−$22.6M
No. It lost money last year.
What Aqua Metals, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Legal name
- Aqua Metals, Inc.
- CIK
- 0001621832
Aqua Metals, Inc. · AQMS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $0.2M | $0.0M | $0.0M | $0.0M | — |
| Revenue growth | 60.2% | −97.7% | 525.0% | −100.0% | — |
| Gross margin | −3,956.1% | −98,875.0% | −25,028.0% | — | — |
| Operating margin | −10,095.4% | −389,150.0% | −97,856.0% | — | — |
| Net income | −$18.2M | −$15.4M | −$23.9M | −$24.6M | −$22.6M |
| Net margin | −10,516.2% | −385,775.0% | −95,752.0% | — | — |
| Diluted EPS | −$0.26 | — | — | — | — |
| Cash | |||||
| Cash from operations | −$7.1M | −$10.1M | −$3.2M | −$13.6M | −$10.3M |
| Capital expenditure | $2.4M | $4.8M | $5.6M | $7.9M | $0.4M |
| Free cash flow | −$9.4M | −$14.9M | −$8.8M | −$21.6M | −$10.7M |
| FCF margin | −5,440.5% | −372,975.0% | −35,164.0% | — | — |
| Share count change | 15.0% | — | — | — | — |
| Debt and strength | |||||
| Cash and short-term investments | $8.1M | $7.1M | $16.5M | $4.1M | $10.8M |
| Shareholders' equity | $27.5M | $20.9M | $26.1M | $16.2M | $14.8M |
| Current ratio | 3.1x | 1.9x | 4.0x | 0.6x | 3.0x |
| Interest coverage | −831.7x | −124.5x | −39.4x | −41.5x | −35.0x |
| Returns and quality | |||||
| Return on equity | −62.0% | −63.7% | −101.9% | −116.1% | −146.0% |
| Return on tangible equity | −67.6% | −75.4% | −92.8% | −152.5% | −154.1% |
| Piotroski F-score | 5 | 2 | 4 | — | — |
| Altman Z'' | −14.9 | −18.6 | −20.2 | −35.9 | −46.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Aqua Metals, Inc. · AQMS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.47 a share, the company is worth —.
Source: SEC EDGAR XBRL filings (CIK 0001621832). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.