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NASDAQ · SECONDARY SMELTING & REFINING OF NONFERROUS METALS · SMALL CAP

Aqua Metals, Inc. AQMS

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$-22.6M
$-10.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Growth

·
Revenue, FY2025 · full 11-year series below
Revenue $M Net income $M
FY2024 · Revenue 0.0 · Net income -24.6
-20M-40M
20152018202120242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2019 · Operating -837.0% · Net -919.1%
-500%-1000%
201520202025
ROE
FY2025 · ROE -146.0%
-50%-100%
201520202025
Three returns, three denominators.

Each USD of equity lost 146 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -10.7
-15M-30M
201520202025

Total assetsUSD 19.7M
EquityUSD 14.8M
CashUSD 10.8M
Current ratio3.03×

Equity funds 75% of total assets.

The 11-year record

11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
AQMS, 11-year financial record
Metric 20252024202320222021202020192018201720162015
Revenue $B◌0.00.00.00.00.00.00.00.00.0◌
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $◌◌◌◌−0.26−0.42−0.86−1.18−1.31−0.89−1.47
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————————
ROE %−146.0−116.1−101.9−63.7−62.0−63.8−89.9−73.8−45.8−29.9—
Shares out B0.000.010.110.080.070.060.060.040.030.020.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 11 of the 11 fiscal years we could check. 14 checks were skipped: the balance sheet is not tagged before 2014. Nine checks were skipped: revenue is not tagged before 2016. Eight checks were skipped: EPS is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySecondary Smelting & Refining of Nonferrous Metals
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2014

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