Aqua Metals financials
$2.64+4.76%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $25.0K | $4.0K | $173.0K | $108.0K | $4.9M | $4.4M | $2.1M | $0.00 |
| Gross profit | -$2.4M | -$7.2M | -$6.3M | -$4.0M | -$6.8M | -$5.4M | -$19.9M | -$18.3M | -$7.5M | $0.00 |
| Gross margin | — | — | −25028.0% | −98875.0% | −3956.1% | −4970.4% | −408.8% | −411.6% | −356.9% | — |
| Operating income | -$14.2M | -$20.8M | -$24.5M | -$16.2M | -$17.5M | -$27.1M | -$40.8M | -$37.0M | -$24.9M | -$13.0M |
| Net income | -$22.6M | -$24.6M | -$23.9M | -$15.4M | -$18.2M | -$25.8M | -$44.8M | -$40.3M | -$26.6M | -$13.6M |
| Net margin | — | — | −95752.0% | −385775.0% | −10516.2% | −23853.7% | −919.1% | −904.8% | −1273.0% | — |
| Diluted EPS | $-15.15 | $-38.25 | $-51.00 | $-0.20 | $-0.26 | $-84.00 | $-172.00 | $-236.00 | $-262.00 | $-178.00 |
| EBITDA | -$13.1M | -$19.5M | -$18.4M | -$14.5M | -$16.1M | -$13.0M | -$36.7M | -$33.6M | -$19.4M | -$12.1M |
| 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 | -$10.9M | -$25.8M | -$13.1M | -$14.8M | -$9.3M | -$14.4M | -$38.3M | -$30.2M | -$28.2M | -$40.5M |
| Diluted shares | 1.5M | 0.6M | 0.5M | 75.8M | 70.0M | 0.3M | 0.3M | 0.2M | 0.1M | 0.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.8M | $4.1M | $16.5M | $7.1M | $8.1M | $6.5M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $0.00 | $3.5M | $3.0M | $5.9M | $0.00 | $332.0K |
| Total assets | $19.7M | $26.4M | $33.6M | $33.5M | $33.3M | $35.1M |
| Total liabilities | $4.9M | $10.1M | $7.5M | $12.6M | $5.7M | $4.0M |
| Shareholders' equity | $14.8M | $16.2M | $26.1M | $20.9M | $27.5M | $31.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology