AQB

MKT CAP:$4M

AquaBounty Technologies, Inc.

Market Cap

$4M

Consumer Defensive·Agricultural Farm Products·🇺🇸 United States·NASDAQ

Consumer Def.·Agricultural·🇺🇸·NASDAQ

Stock Price

$0.97+$0.02 (+2.12%)

Apr 23, 2026

Company Details

AquaBounty Technologies, Inc., a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. The company engages in genetic, genomic, and fish health and nutrition researc...

CEO

David A. Frank

IPO Date

Jan 11, 2017

Website

www.aquabounty.com

Key Metrics TTM

Revenue

-$657.5K

-131.7% YoY

Net Income

-$138M

EPS (Diluted)

-$35.63

Free Cash Flow

-$2.4B

Revenue / Share

-$0.17

Gross Margin

185.9%

Operating Margin

8445.6%

Net Margin

20934.4%

FCF Margin

360936.5%

P/S

—

P/E

—

Earnings Reports

Q2 2025

Apr 30, 2026

PENDING

Q1 2025

May 15, 2025

$0EPS $0.10

FY 2024

Mar 27, 2025

$0EPS -$38.65

Q4 2024

Mar 27, 2025

-$705.3K-227.5%EPS -$21.77

Q3 2024

Nov 5, 2024

$47.8K-93.5%EPS -$0.88

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$227.4K	-$2M	-$5M
Q3 21	$455.4K	-$4M	-$7M
Q4 21	$417.7K	-$3M	-$6M
Q1 22	$962.9K	-$2M	-$5M
Q2 22	$1M	-$2M	-$6M
Q3 22	$653.4K	-$3M	-$6M
Q4 22	$450.9K	-$3M	-$6M
Q1 23	$397.8K	-$3M	-$6M
Q2 23	$788.4K	-$3M	-$6M
Q3 23	$733.1K	-$3M	-$6M
Q4 23	$553.3K	-$4M	-$8M
Q1 24	$0	-$575.5K	-$3M
Q2 24	$0	-$139.5K	-$3M
Q3 24	$47.8K	-$377.2K	-$2M
Q4 24	-$705.3K	-$705.3K	-$49M
Q1 25	$0	$0	-$1M

Valuation

Quarter	P/S	P/E
Q2 21	1042.3x	—
Q3 21	356.3x	—
Q4 21	136.6x	—
Q1 22	66.4x	—
Q2 22	41.8x	—
Q3 22	18.0x	—
Q4 22	18.1x	—
Q1 23	16.3x	—
Q2 23	12.2x	—
Q3 23	7.5x	—
Q4 23	3.7x	—
Q1 24	3.7x	—
Q2 24	4.8x	—
Q3 24	7.8x	—
Q4 24	—	—
Q1 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$6M	-$7M
Q3 21	-$5M	-$6M
Q4 21	-$5M	-$7M
Q1 22	-$5M	-$11M
Q2 22	-$6M	-$31M
Q3 22	-$7M	-$21M
Q4 22	-$3M	-$26M
Q1 23	-$6M	-$29M
Q2 23	-$6M	-$30M
Q3 23	-$6M	-$26M
Q4 23	-$6M	-$8M
Q1 24	-$4M	-$6M
Q2 24	-$4M	-$5M
Q3 24	-$4M	-$5M
Q4 24	-$1M	-$1M
Q1 25	-$2.4B	-$2.4B

Capital Expenditures

Quarter	CapEx
Q2 21	$1M
Q3 21	$2M
Q4 21	$2M
Q1 22	$6M
Q2 22	$25M
Q3 22	$14M
Q4 22	$23M
Q1 23	$23M
Q2 23	$24M
Q3 23	$20M
Q4 23	$3M
Q1 24	$1M
Q2 24	$874.1K
Q3 24	$673.5K
Q4 24	$213.0K
Q1 25	$4

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+7608.2%	+54.1%
Q3 21	+572.0%	+97.5%
Q4 21	+732.1%	+6.1%
Q1 22	+1194.7%	+45.9%
Q2 22	+370.4%	+22.8%
Q3 22	+43.5%	-14.9%
Q4 22	+8.0%	+1.6%
Q1 23	-58.7%	+13.4%
Q2 23	-26.3%	+8.9%
Q3 23	+12.2%	+10.0%
Q4 23	+22.7%	+35.1%
Q1 24	-100.0%	-63.3%
Q2 24	-100.0%	-54.4%
Q3 24	-93.5%	-64.6%
Q4 24	-227.5%	+440.1%
Q1 25	—	-50.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$87.4K	38.4%
Q3 21	$88.6K	19.5%
Q4 21	$88.6K	21.2%
Q1 22	$211.3K	21.9%
Q2 22	$107.3K	10.0%
Q3 22	$107.6K	16.5%
Q4 22	$108.9K	24.1%
Q1 23	$196.6K	49.4%
Q2 23	$106.2K	13.5%
Q3 23	$120.6K	16.4%
Q4 23	$0	0.0%
Q1 24	$105.2K	—
Q2 24	$68.9K	—
Q3 24	$65.6K	137.3%
Q4 24	$59.7K	—
Q1 25	$40.2K	—

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 21	$431.4K	$3M	$548.9K	—
Q3 21	$580.3K	$2M	$201.8K	—
Q4 21	$633.2K	$3M	$192.4K	—
Q1 22	$167.2K	$2M	$247.6K	—
Q2 22	$208.3K	$3M	$349.9K	—
Q3 22	$220.6K	$2M	$186.4K	—
Q4 22	$307.9K	$2M	$354.9K	—
Q1 23	$122.9K	$3M	$198.3K	—
Q2 23	$178.4K	$3M	$194.3K	—
Q3 23	$184.2K	$2M	$191.9K	—
Q4 23	$218.3K	—	—	$4M
Q1 24	$73.8K	—	—	$2M
Q2 24	$76.8K	—	—	$3M
Q3 24	$52.1K	$2M	$44.2K	—
Q4 24	—	$1M	$3.5K	—
Q1 25	—	$2M	$6.6K	—

Revenue Segments

Quarter	Other Revenue
Q1 24	$1.9K
Q2 24	$219

Revenue by Geography

Quarter	C	U
Q1 23	$4.0K	$392.4K
Q2 23	$593	$754.3K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$76M	$103M	$179M
Q2 22	$119M	$29M	$148M
Q3 22	$127M	$0	$127M
Q4 22	$102M	$21.6K	$102M
Q1 23	$73M	$0	$73M
Q2 23	$43M	$0	$43M
Q3 23	$17M	$0	$17M
Q4 23	$8M	$0	$8M
Q1 24	$3M	$11.2K	$3M
Q2 24	$728.3K	$76.6K	$804.9K
Q3 24	$500.4K	$0	$500.4K
Q4 24	$230.4K	$0	$230.4K
Q1 25	$1M	$0	$1M
Q2 25	$729.6K	$0	$729.6K
Q3 25	$951.4K	$0	$951.4K
Q4 25	$501.3K	$0	$501.3K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	4M	+10.0%	+121.2%
Q3 21	4M	0.0%	+82.5%
Q4 21	4M	+0.0%	+50.8%
Q1 22	4M	-0.1%	+10.0%
Q2 22	4M	+0.1%	+0.1%
Q3 22	4M	+7.9%	+7.9%
Q4 22	4M	-7.2%	+0.1%
Q1 23	4M	+0.1%	+0.2%
Q2 23	4M	+8.1%	+8.2%
Q3 23	4M	+0.0%	+0.4%
Q4 23	4M	-0.0%	+8.2%
Q1 24	4M	+0.1%	+8.2%
Q2 24	4M	+0.3%	+0.4%
Q3 24	4M	+0.2%	+0.5%
Q4 24	4M	-0.1%	+0.4%
Q1 25	4M	+0.1%	+0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$3.2K	72
Q3 21	$6.3K	72
Q4 21	$12.3K	34
Q1 22	$28.3K	34
Q2 22	$31.5K	34
Q3 22	$19.2K	34
Q4 22	$32.2K	14
Q1 23	$28.4K	14
Q2 23	$56.3K	14
Q3 23	$52.4K	14
Q4 23	$34.6K	16
Q1 24	$0	16
Q2 24	$0	16
Q3 24	$3.0K	16
Q4 24	-$47.0K	15
Q1 25	$0	15

Revenue / Employee