Company research
Aqua Metals, Inc.
CIK 1621832Updated Sep 24, 2026
SecurityAQMS · NASDAQ · equity
AQMS price & chart
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NASDAQ:AQMS on TradingView ↗In the news
Aqua Metals to Announce First Quarter 2026 Financial Results and Host Investor Conference Call on May 14, 2026 ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 19,706,000Source | 26,365,000Source | 33,600,000Source | 33,502,000Source |
| Property, Plant and Equipment, NetUSD | 5,763,000Source | 16,473,000Source | 10,347,000Source | 7,343,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 10,810,000Source | 4,079,000Source | 16,522,000Source | 7,082,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | 0Source | 67,000Source | 12,000Source |
| Inventory, NetUSD | 244,000Source | 251,000Source | 929,000Source | 278,000Source |
| Assets, CurrentUSD | 13,405,000Source | 4,644,000Source | 18,299,000Source | 23,209,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 282,000Source | 214,000Source | 181,000Source | 263,000Source |
| Other Assets, NoncurrentUSD | 462,000Source | 5,102,000Source | 4,673,000Source | 489,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 4,936,000Source | 10,121,000Source | 7,536,000Source | 12,586,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 3,000Source | 8,000Source | 108,000Source | 79,000Source |
| Retained Earnings (Accumulated Deficit)USD | -270,416,000Source | -247,770,000Source | -223,215,000Source | -199,277,000Source |
| Stockholders' Equity Attributable to ParentUSD | 14,770,000Source | 16,244,000Source | 26,064,000Source | 20,916,000Source |
| Additional Paid in Capital, Common StockUSD | 285,212,000Source | 264,198,000Source | 249,687,000Source | 220,114,000Source |
| Liabilities and EquityUSD | 19,706,000Source | 26,365,000Source | 33,600,000Source | 33,502,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 4,428,000Source | 8,182,000Source | 4,613,000Source | 12,311,000Source |
| Operating Lease, Liability, CurrentUSD | 269,000Source | 249,000Source | — | — |
| Accounts Payable, CurrentUSD | 547,000Source | 1,227,000Source | 1,836,000Source | 1,075,000Source |
| Operating Lease, Liability, NoncurrentUSD | 180,000Source | 303,000Source | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 3,570,000Source | 3,130,000Source | 2,467,000Source | 1,780,000Source |
| Deferred Tax Liabilities, NetUSD | 7,000Source | 20,000Source | 47,000Source | 83,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,275,000Source | 2,737,000Source | 2,534,000Source | 2,255,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 0Source | -67,000Source | 55,000Source | -120,000Source |
| Increase (Decrease) in InventoriesUSD | -7,000Source | -396,000Source | 651,000Source | 155,000Source |
| Increase (Decrease) in Accounts PayableUSD | -261,000Source | -21,000Source | 139,000Source | 22,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -10,253,000Source | -13,632,000Source | -3,193,000Source | -10,148,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 2,898,000Source | -11,636,000Source | -9,813,000Source | -3,420,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 425,000Source | 7,921,000Source | 5,598,000Source | 4,771,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 147,000Source | 552,000Source | 1,092,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 14,086,000Source | 12,825,000Source | 22,446,000Source | 12,513,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 6,731,000Source | -12,443,000Source | 9,440,000Source | -1,055,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 528,000Source | 333,000Source | 480,000Source | 21,000Source |
| Income Taxes Paid, NetUSD | 2,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 2,275,000Source | 2,737,000Source | 2,534,000Source | 2,255,000Source |
| Amortization of Debt Issuance CostsUSD | 336,000Source | 73,000Source | 128,000Source | 13,000Source |
| Amortization of Intangible AssetsUSD | 70,000Source | 135,000Source | 180,000Source | 179,000Source |
| DepreciationUSD | 815,000Source | 900,000Source | 900,000Source | 500,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | 0Source | 1,400,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -9,114,000Source | -440,000Source | 23,000Source | 596,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -825,000Source | — | — | 0Source |
| General and Administrative ExpenseUSD | 10,485,000Source | 11,967,000Source | 11,638,000Source | 9,815,000Source |
| Income Tax Expense (Benefit)USD | 2,000Source | 3,000Source | 2,000Source | 2,000Source |
| InterestExpenseNonoperatingUSD | 667,000Source | 574,000Source | — | — |
| Inventory Write-downUSD | 0Source | 283,000Source | — | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -22,646,000Source | -24,555,000Source | -23,938,000Source | -15,431,000Source |
| Nonoperating Income (Expense)USD | 687,000Source | -705,000Source | 526,000Source | 154,000Source |
| Payments to Acquire InvestmentsUSD | — | — | 0Source | 500,000Source |
| Proceeds from Issuance of Common StockUSD | — | 5,014,000Source | 3,786,000Source | 6,519,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 0Source |
| Sales-type Lease, Selling Profit (Loss)USD | — | — | — | -920,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | 0Source | 25,000Source | 4,000Source |
| Cost of RevenueUSD | 2,407,000Source | 7,213,000Source | 6,282,000Source | 3,959,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -23,331,000Source | -23,847,000Source | -24,464,000Source | -15,583,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -22,644,000Source | -24,552,000Source | -23,938,000Source | -15,429,000Source |
| Income Tax Expense (Benefit)USD | 2,000Source | 3,000Source | 2,000Source | 2,000Source |
| Net Income (Loss) Attributable to ParentUSD | -22,646,000Source | -24,555,000Source | -23,938,000Source | -15,431,000Source |
| Earnings Per Share, BasicUSD per share | -15.15Source | -3.83Source | -0.25Source | -0.2Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,494,502Source | 6,419,607Source | 93,931,948Source | 75,811,034Source |
| Interest Expense (non-operating)USD | 667,000Source | 574,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 70,000Source | 135,000Source | 180,000Source | 179,000Source |
| Costs and ExpensesUSD | 23,331,000Source | 23,847,000Source | 24,489,000Source | 15,587,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | 0Source | 1,400,000Source | — |
| General and Administrative ExpenseUSD | 10,485,000Source | 11,967,000Source | 11,638,000Source | 9,815,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -22,644,000Source | -24,552,000Source | -23,938,000Source | -15,429,000Source |
| Interest and Other IncomeUSD | 913,000Source | 376,000Source | 1,147,000Source | 262,000Source |
| Interest ExpenseUSD | — | — | 621,000Source | 125,000Source |
| Nonoperating Income (Expense)USD | 687,000Source | -705,000Source | 526,000Source | 154,000Source |
| Sales-type Lease, Selling Profit (Loss)USD | — | — | — | -920,000Source |