Aqua Metals, Inc. financials
Source: EDGAR filings · Built 2026-06-19T01:59:17Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -10.72M | -21.63M | -8.79M | -14.98M | -9.44M | -14.40M |
| EBITDA | -22.45M | -22.81M | -23.38M | -14.89M | -16.68M | -13.31M |
| Working Capital | 8.98M | -3.54M | 13.69M | 10.90M | 8.36M | 4.90M |
| Net Debt | -10.22M | 192.00K | -13.29M | -601.00K | -8.14M | -6.15M |
| Gross Margin | — | — | -25028.00% | -98875.00% | -3956.07% | -4970.37% |
| Operating Margin | — | — | -97856.00% | -389150.00% | -10095.38% | -14252.78% |
| Net Margin | — | — | -95752.00% | -385775.00% | -10516.18% | -23853.70% |
| Return on Equity (ROE) | -153.32% | -151.16% | -91.84% | -73.78% | -66.08% | -82.73% |
| Return on Assets (ROA) | -114.92% | -93.13% | -71.24% | -46.06% | -54.68% | -73.32% |
| Current Ratio | 3.03× | 0.57× | 3.97× | 1.89× | 3.05× | 2.42× |
| Debt-to-Equity | 0.04× | 0.26× | 0.12× | 0.31× | 0.00× | 0.01× |
| Effective Tax Rate | -0.01% | -0.01% | -0.01% | -0.01% | -0.01% | -0.01% |
| Cash Conversion Ratio | 0.45× | 0.56× | 0.13× | 0.66× | 0.39× | 0.43× |
| Accruals Ratio | -0.63× | -0.41× | -0.62× | -0.16× | -0.33× | -0.42× |
| SBC % of Revenue | — | — | 10136.00% | 56375.00% | 1272.25% | 3307.41% |
| CapEx Coverage | -22.10× | -1.71× | -0.57× | -2.10× | -2.97× | -3.27× |
| Free Cash Flow Per Share | $-7.17 | $-33.69 | $-1.87 | $-0.19 | $-0.13 | $-0.24 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | 0 | 25.00K | 4.00K | 173.00K | 108.00K |
| Cost of Goods and Services Sold | 2.41M | 7.21M | 6.28M | 3.96M | 7.02M | 5.48M |
| Operating Income (Loss) | -23.33M | -23.85M | -24.46M | -15.57M | -17.46M | -15.39M |
| Income Tax Expense (Benefit) | 2.00K | 3.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Net Income (Loss) Attributable to Parent | -22.65M | -24.55M | -23.94M | -15.43M | -18.19M | -25.76M |
| Earnings Per Share, Basic | $-15.15 | $-38.25 | $-5.10 | $-0.20 | $-0.26 | — |
| Weighted Average Number of Shares Outstanding, Basic | 1.49M | 641,960 | 4.70M | 75.81M | 70.00M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 10.81M | 4.08M | 16.52M | 7.08M | 8.14M | 6.53M |
| Assets, Current | 13.40M | 4.64M | 18.30M | 23.21M | 12.44M | 8.36M |
| Assets | 19.71M | 26.36M | 33.60M | 33.50M | 33.27M | 35.14M |
| Long-term Debt | — | — | — | — | — | 332.00K |
| Liabilities, Current | 4.43M | 8.18M | 4.61M | 12.31M | 4.08M | 3.45M |
| Liabilities | 4.94M | 10.12M | 7.54M | 12.59M | 5.74M | 4.00M |
| Stockholders' Equity Attributable to Parent | 14.77M | 16.24M | 26.06M | 20.92M | 27.53M | 31.14M |
| Common Stock, Shares, Outstanding | 3.00M | 773,084 | 5.39M | 79.48M | 70.42M | 64.46M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -10.25M | -13.63M | -3.19M | -10.15M | -7.06M | -11.03M |
| Payments to Acquire Property, Plant, and Equipment | 425.00K | 7.92M | 5.60M | 4.77M | 2.35M | 3.36M |
| Net Cash Provided by (Used in) Investing Activities | 2.90M | -11.64M | -9.81M | -3.42M | -2.23M | 6.63M |
| Net Cash Provided by (Used in) Financing Activities | 14.09M | 12.82M | 22.45M | 12.51M | 10.89M | 3.35M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.85M | -2.62M | -8.10M | -5.74M | -3.04M | -2.48M |
| EBITDA | -3.93M | -4.34M | -2.87M | -6.83M | -8.44M | -6.44M |
| Working Capital | 7.48M | 8.98M | 508.00K | -1.26M | -4.95M | -3.54M |
| Net Debt | -6.30M | -10.22M | -3.07M | -1.34M | 2.34M | 192.00K |
| Return on Equity (ROE) | -30.12% | -30.06% | -47.85% | -132.28% | -87.24% | -45.82% |
| Return on Assets (ROA) | -23.10% | -22.53% | -29.71% | -73.24% | -46.03% | -28.23% |
| Current Ratio | 3.07× | 3.03× | 1.15× | 0.65× | 0.31× | 0.57× |
| Debt-to-Equity | 0.04× | 0.04× | 0.08× | 0.12× | 0.41× | 0.26× |
| Effective Tax Rate | — | — | — | — | — | 0.00% |
| Cash Conversion Ratio | 0.97× | 0.59× | 2.45× | 0.78× | 0.33× | 0.27× |
| Accruals Ratio | -0.01× | -0.09× | 0.43× | -0.16× | -0.31× | -0.21× |
| CapEx Coverage | -384.40× | -200.38× | -16.96× | -12.02× | -9.53× | -4.13× |
| Free Cash Flow Per Share | $-1.19 | — | $-5.68 | $-6.31 | $-3.76 | $-3.50 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | 0 | — | 0 | 0 |
| Cost of Goods and Services Sold | 501.00K | 331.00K | 576.00K | 776.00K | 724.00K | 1.01M |
| Operating Income (Loss) | -4.14M | -4.55M | -3.06M | -7.03M | -8.68M | -6.68M |
| Income Tax Expense (Benefit) | — | — | — | — | — | 0 |
| Net Income (Loss) Attributable to Parent | -3.95M | -4.44M | -3.12M | -6.77M | -8.31M | -7.44M |
| Earnings Per Share, Basic | $-1.22 | $2.20 | $-2.19 | $-7.44 | $-10.27 | $-10.52 |
| Weighted Average Number of Shares Outstanding, Basic | 3.24M | 1.49M | 1.43M | 910,129 | 809,571 | 641,960 |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 6.82M | 10.81M | 3.59M | 1.93M | 1.59M | 4.08M |
| Assets, Current | 11.10M | 13.40M | 3.97M | 2.37M | 2.22M | 4.64M |
| Assets | 17.12M | 19.71M | 10.50M | 9.24M | 18.07M | 26.36M |
| Liabilities, Current | 3.62M | 4.43M | 3.46M | 3.63M | 7.16M | 8.18M |
| Liabilities | 3.99M | 4.94M | 3.98M | 4.13M | 8.53M | 10.12M |
| Stockholders' Equity Attributable to Parent | 13.13M | 14.77M | 6.52M | 5.12M | 9.53M | 16.24M |
| Common Stock, Shares, Outstanding | — | 3.00M | 1.85M | 1.03M | 8.36M | 773,084 |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.84M | -2.60M | -7.65M | -5.30M | -2.75M | -2.00M |
| Payments to Acquire Property, Plant, and Equipment | 0 | 4.00K | 421.00K | 421.00K | 289.00K | 469.00K |
| Net Cash Provided by (Used in) Investing Activities | -2.00M | -2.07M | 4.97M | 4.94M | -375.00K | -574.00K |
| Net Cash Provided by (Used in) Financing Activities | 1.85M | 11.90M | 2.18M | -1.78M | 638.00K | 3.70M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (AQMS CIK 0001621832),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.