AQMS (Aqua Metals, Inc.) Stock Financials & Earnings

AQMSAqua Metals, Inc.

Mkt Cap$15M

Industrials·Waste Management·🇺🇸 United States·NASDAQ

Revenue (TTM)$0

Net Income (TTM)-$26M

EPS (TTM)-$30.30

Free Cash Flow (TTM)-$11M

Gross Margin—

Op. Margin—

Net Margin—

FCF Margin—

P/S Ratio (TTM)—

P/E Ratio (TTM)—

YoY Rev Growth—

Employees—

Earnings Reports

Next: Q4 2025 · Mar 30

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$0	-$933K	-$3M
Q1 23	$0	-$1M	-$4M
Q2 23	$0	-$1M	-$5M
Q3 23	$25K	-$2M	-$5M
Q4 23	$0	-$2M	-$5M
Q1 24	$0	-$2M	-$6M
Q2 24	$0	-$2M	-$6M
Q3 24	$0	-$2M	-$5M
Q4 24	$0	-$1M	-$7M
Q1 25	$0	-$724K	-$9M
Q2 25	$0	-$776K	-$7M
Q3 25	$0	-$576K	-$3M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q4 22	$252K	—	$2M
Q1 23	$445K	$3M	—
Q2 23	$525K	$3M	—
Q3 23	$389K	$3M	—
Q4 23	$382K	—	$3M
Q1 24	$588K	$3M	—
Q2 24	$363K	$3M	—
Q3 24	$398K	$3M	—
Q4 24	$238K	$3M	—
Q1 25	$336K	$2M	—
Q2 25	$295K	$2M	—
Q3 25	$328K	$2M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$7M	$0	$7M
Q1 23	$3M	$0	$3M
Q2 23	$6M	$0	$6M
Q3 23	$26M	$0	$26M
Q4 23	$17M	$0	$17M
Q1 24	$8M	$0	$8M
Q2 24	$8M	$0	$8M
Q3 24	$3M	$0	$3M
Q4 24	$4M	$0	$4M
Q1 25	$2M	$0	$2M
Q2 25	$2M	$0	$2M
Q3 25	$4M	$0	$4M

Shares Outstanding

Revenue Per Employee

Revenue / Employee