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Aqua Metals, Inc. AQMS

Nasdaq · stock · Secondary Smelting & Refining of Nonferrous Metals · website · IPO 2015-07-31 · LEI

Aqua Metals, Inc. statistics & valuation

P / B0.7×
Return on capital-152.7%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-1183.70% -832.30% -837.00% -14252.80% -10095.40% -389150.00% -97856.00% 2016201720182019202020212022202320242025
Return on equity (%)
-23.80% -45.10% -80.40% -90.30% -82.70% -66.10% -73.80% -91.80% -151.20% -153.30% 2016201720182019202020212022202320242025
Shares outstanding
17.9M 27.6M 38.9M 58.0M 64.5M 70.4M 79.5M 5.4M 773084 3.0M 2016201720182019202020212022202320242025
Net debt ($)
-$15.5M -$11.3M $1.7M -$6.2M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-19.00% -35.70% -56.40% -64.50% -73.30% -54.70% -46.10% -71.20% -93.10% -114.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-1324.80% -674.60% -779.20% -13325.90% -5440.50% -372975.00% -35164.00% 2016201720182019202020212022202320242025
Debt / equity (×)
0.17× 0.19× 0.19× 0.01× 2016201720182019202020212022202320242025
EPS ($)
2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-97856.0%-389150.0%-10095.4%-14252.8%-837.0%-832.3%-1183.7%
Net margin-95752.0%-385775.0%-10516.2%-23853.7%-919.1%-904.8%-1265.7%
FCF margin-35164.0%-372975.0%-5440.5%-13325.9%-779.2%-674.6%-1324.8%
Return on assets-114.9%-93.1%-71.2%-46.1%-54.7%-73.3%-64.5%-56.4%-35.7%-19.0%
Return on equity-153.3%-151.2%-91.8%-73.8%-66.1%-82.7%-90.3%-80.4%-45.1%-23.8%
Debt / equity0.01×0.19×0.19×0.17×
Current ratio3.030.573.971.893.052.422.801.936.706.79

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.