Stocktoria
Aqua Metals, Inc. AQMS
Nasdaq · stock · Secondary Smelting & Refining of Nonferrous Metals · website · IPO 2015-07-31 · LEI
Aqua Metals, Inc. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $25,000 | $4,000 | $173,000 | $108,000 | $4.9M | $4.4M | $2.1M | $0 |
| R&D expense | — | — | — | — | — | — | — | — | $8.1M | $6.3M |
| Operating income | -$23.3M | -$23.8M | -$24.5M | -$15.6M | -$17.5M | -$15.4M | -$40.8M | -$37.0M | -$24.9M | -$13.0M |
| Interest expense | — | — | $621,000 | $125,000 | $21,000 | $1.6M | $3.5M | $3.4M | $1.8M | $639,000 |
| Income tax | $2,000 | $3,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $1,000 |
| Net income | -$22.6M | -$24.6M | -$23.9M | -$15.4M | -$18.2M | -$25.8M | -$44.8M | -$40.3M | -$26.6M | -$13.6M |
| Operating cash flow | -$10.3M | -$13.6M | -$3.2M | -$10.1M | -$7.1M | -$11.0M | -$25.2M | -$26.3M | -$19.0M | -$11.1M |
| Free cash flow | -$10.7M | -$21.6M | -$8.8M | -$14.9M | -$9.4M | -$14.4M | -$38.0M | -$30.0M | -$27.8M | -$40.3M |
| Cash & equivalents | $10.8M | $4.1M | $16.5M | $7.1M | $8.1M | $6.5M | $7.6M | $20.9M | $22.8M | $25.5M |
| Inventory | $244,000 | $251,000 | $929,000 | $278,000 | $123,000 | $1.1M | $1.3M | $765,000 | $1.2M | $59,000 |
| Total assets | $19.7M | $26.4M | $33.6M | $33.5M | $33.3M | $35.1M | $69.5M | $71.4M | $74.4M | $71.5M |
| Total liabilities | $4.9M | $10.1M | $7.5M | $12.6M | $5.7M | $4.0M | $19.9M | $21.3M | $15.5M | $14.5M |
| Shareholders' equity | $14.8M | $16.2M | $26.1M | $20.9M | $27.5M | $31.1M | $49.6M | $50.1M | $59.0M | $57.0M |
Growth · year-over-year
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | — | -100.0% | +525.0% | -97.7% | +60.2% | -97.8% | +9.6% | +111.9% | — | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.