AQMS
Aqua Metals, Inc.
Price Chart
Latest Quote
$3.49
-0.39 (-10.05%)
Current Price
| Previous Close | $3.88 |
| Open | $3.87 |
| Day High | $3.87 |
| Day Low | $3.46 |
| Volume | 81,807 |
Stock Information
| Shares Outstanding | 3.36M |
| Total Debt | $518K |
| Cash Equivalents | $6.82M |
| Net Income | $-18.29M |
| Sector | Industrials |
| Industry | Waste Management |
| Market Cap | $11.73M |
| EPS (TTM) | $-6.10 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $5.44M |
| Income | $-18.29M |
| Book/sh | $3.92 |
| Cash/sh | $2.03 |
| Employees | 11 |
Financial Ratios
| Quick Ratio | 1.88 |
| Current Ratio | 3.07 |
| Debt/Eq | 3.95 |
Returns & Margins
| ROA | -53.01% |
| ROE | -161.41% |
Ownership
| Insider Ownership | 7.80% |
| Institutional Ownership | 6.85% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -2.18 |
| PEG | 0.72 |
| P/B | 0.89 |
Analyst Data
| Recommendation | none |
| Target Price | $12.00 |
Technical Indicators
| SMA20 | $4.18 |
| SMA50 | $4.32 |
| SMA200 | $5.61 |
| RSI | 28.57 |
| ATR | 0.2169 |
| Shares Float | 3.04M |
| Short Float | 7.68% |
| Short Ratio | 3.97 |
| Rel Volume | 1.44 |
Performance History
| Week | -17.30% |
| Month | -37.68% |
| Quarter | -26.83% |
| 6 Months | -52.13% |
| YTD | -34.52% |
| Year | -55.99% |
| 3 Years | -98.31% |
| 5 Years | -99.38% |
| 10 Years | -99.85% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-05 | $3.49 | 81,900 |
| 2026-06-04 | $3.89 | 41,000 |
| 2026-06-03 | $3.82 | 54,400 |
| 2026-06-02 | $3.88 | 51,100 |
| 2026-06-01 | $4.05 | 59,200 |
| 2026-05-29 | $4.22 | 41,700 |
| 2026-05-28 | $4.08 | 87,500 |
| 2026-05-27 | $4.04 | 35,400 |
| 2026-05-26 | $4.07 | 81,600 |
| 2026-05-22 | $3.96 | 35,300 |
| 2026-05-21 | $3.97 | 29,800 |
| 2026-05-20 | $3.93 | 32,900 |
| 2026-05-19 | $3.91 | 48,000 |
| 2026-05-18 | $3.99 | 57,800 |
| 2026-05-15 | $4.12 | 58,300 |
| 2026-05-14 | $4.62 | 99,600 |
| 2026-05-13 | $5.01 | 71,700 |
| 2026-05-12 | $4.88 | 52,300 |
| 2026-05-11 | $4.91 | 31,600 |
| 2026-05-08 | $4.83 | 86,900 |
| 2026-05-07 | $5.14 | 45,200 |
| 2026-05-06 | $5.60 | 56,800 |
About Aqua Metals, Inc.
Aqua Metals, Inc. develops recycling and refining technologies for the recovery of critical minerals and metals in the United States. It engages in the development of AquaRefining process, an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system. The company serves Metals and Lithium Battery markets. Aqua Metals, Inc. was incorporated in 2014 and is headquartered in Reno, Nevada.
đ° Latest News
Aqua Metals (AQMS) Q4 2025 Earnings Transcript
Motley Fool âĸ 2026-05-27T21:28:14Z
Aqua Metals (AQMS) Q1 2026 Earnings Transcript
Motley Fool âĸ 2026-05-15T17:21:02Z
Aqua Metals, Inc. Q2 2026 Earnings Call Summary
Moby âĸ 2026-05-15T12:30:00Z
Aqua Metals Inc (AQMS) Q1 2026 Earnings Call Highlights: Progress in Commercialization and ...
GuruFocus.com âĸ 2026-05-15T05:02:39ZAqua Metals, Inc. Q1 2026 Earnings Call Summary
Moby âĸ 2026-05-14T12:30:00Z
Aqua Metals CEO on Lion Energy deal and building an end-to-end battery platform
Investing.com âĸ 2026-04-06T15:00:22ZAqua Metals, Inc. Q4 2025 Earnings Call Summary
Moby âĸ 2026-04-01T12:30:00Z
Aqua Metals Inc (AQMS) Q4 2025 Earnings Call Highlights: Technological Advancements and ...
GuruFocus.com âĸ 2026-04-01T03:02:08ZAqua Metals (AQMS) Q3 2025 Earnings Transcript
Motley Fool âĸ 2025-11-13T17:17:41Z
Aqua Metals Inc (AQMS) Q3 2025 Earnings Call Highlights: Strategic Advances and Market Challenges
GuruFocus.com âĸ 2025-11-13T05:01:13Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $2,407,000 | $7,213,000 | $6,282,000 | $3,959,000 |
| Cost Of Revenue | $2,407,000 | $7,213,000 | $6,282,000 | $3,959,000 |
| Total Revenue | $0 | $0 | $25,000 | $4,000 |
| Operating Revenue | $0 | $0 | $25,000 | $4,000 |
| Expenses | ||||
| Interest Expense | $667,000 | $574,000 | $621,000 | $125,000 |
| Total Expenses | $14,217,000 | $20,767,000 | $19,661,000 | $15,587,000 |
| Other Income Expense | $-8,673,000 | $-3,587,000 | $-4,828,000 | $17,000 |
| Net Non Operating Interest Income Expense | $246,000 | $-198,000 | $526,000 | $137,000 |
| Interest Expense Non Operating | $667,000 | $574,000 | $621,000 | $125,000 |
| Operating Expense | $11,810,000 | $13,554,000 | $13,379,000 | $11,628,000 |
| General And Administrative Expense | $10,485,000 | $11,967,000 | $11,638,000 | $9,815,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-22,646,000 | $-24,555,000 | $-23,938,000 | $-15,431,000 |
| Net Interest Income | $246,000 | $-198,000 | $526,000 | $137,000 |
| Interest Income | $913,000 | $376,000 | $1,147,000 | $262,000 |
| Normalized Income | $-15,794,330 | $-21,721,270 | $-19,110,000 | $-15,447,998 |
| Net Income From Continuing And Discontinued Operation | $-22,646,000 | $-24,555,000 | $-23,938,000 | $-15,431,000 |
| Total Operating Income As Reported | $-23,331,000 | $-23,847,000 | $-24,464,000 | $-15,566,000 |
| Net Income Common Stockholders | $-22,646,000 | $-24,555,000 | $-23,938,000 | $-15,431,000 |
| Net Income | $-22,646,000 | $-24,555,000 | $-23,938,000 | $-15,431,000 |
| Net Income Including Noncontrolling Interests | $-22,646,000 | $-24,555,000 | $-23,938,000 | $-15,431,000 |
| Net Income Continuous Operations | $-22,646,000 | $-24,555,000 | $-23,938,000 | $-15,431,000 |
| Pretax Income | $-22,644,000 | $-24,552,000 | $-23,938,000 | $-15,429,000 |
| Special Income Charges | $-9,939,000 | $-3,080,000 | $-4,828,000 | $17,000 |
| Interest Income Non Operating | $913,000 | $376,000 | $1,147,000 | $262,000 |
| Operating Income | $-14,217,000 | $-20,767,000 | $-19,636,000 | $-15,583,000 |
| Gross Profit | $-2,407,000 | $-7,213,000 | $-6,257,000 | $-3,955,000 |
| Per Share | ||||
| Diluted EPS | $-15.15 | $-38.30 | $-51.00 | $-40.00 |
| Basic EPS | $-15.15 | $-38.30 | $-51.00 | $-40.00 |
| Other | ||||
| Tax Effect Of Unusual Items | $-1,821,330 | $-753,270 | $0 | $2 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-12,172,000 | $-19,117,000 | $-17,218,000 | $-14,260,000 |
| Total Unusual Items | $-8,673,000 | $-3,587,000 | $-4,828,000 | $17,000 |
| Total Unusual Items Excluding Goodwill | $-8,673,000 | $-3,587,000 | $-4,828,000 | $17,000 |
| Reconciled Depreciation | $1,132,000 | $1,274,000 | $1,271,000 | $1,061,000 |
| EBITDA (Bullshit earnings) | $-20,845,000 | $-22,704,000 | $-22,046,000 | $-14,243,000 |
| EBIT | $-21,977,000 | $-23,978,000 | $-23,317,000 | $-15,304,000 |
| Diluted Average Shares | $1,494,502 | $641,960 | $469,659 | $379,055 |
| Basic Average Shares | $1,494,502 | $641,960 | $469,659 | $379,055 |
| Diluted NI Availto Com Stockholders | $-22,646,000 | $-24,555,000 | $-23,938,000 | $-15,431,000 |
| Tax Provision | $2,000 | $3,000 | $0 | $2,000 |
| Other Special Charges | $825,000 | - | - | - |
| Impairment Of Capital Assets | $9,114,000 | $3,080,000 | $4,851,000 | $579,000 |
| Gain On Sale Of Security | $1,266,000 | $-507,000 | - | - |
| Research And Development | $1,325,000 | $1,587,000 | $1,741,000 | $1,813,000 |
| Selling General And Administration | $10,485,000 | $11,967,000 | $11,638,000 | $9,815,000 |
| Other Gand A | $10,485,000 | $11,967,000 | $11,638,000 | $9,815,000 |
| Gain On Sale Of Ppe | - | $-440,000 | $23,000 | $596,000 |
| Write Off | - | $2,640,000 | $4,851,000 | $579,000 |
Fetched: 2026-06-06
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $14,694,000 | $16,098,000 | $25,783,000 | $20,455,000 |
| Total Assets | $19,706,000 | $26,365,000 | $33,600,000 | $33,502,000 |
| Total Non Current Assets | $6,301,000 | $21,721,000 | $15,301,000 | $10,293,000 |
| Other Non Current Assets | $20,000 | $20,000 | $160,000 | $20,000 |
| Non Current Prepaid Assets | $0 | $4,540,000 | $4,291,000 | $6,000 |
| Goodwill And Other Intangible Assets | $76,000 | $146,000 | $281,000 | $461,000 |
| Other Intangible Assets | $76,000 | $146,000 | $281,000 | $461,000 |
| Current Assets | $13,405,000 | $4,644,000 | $18,299,000 | $23,209,000 |
| Other Current Assets | $282,000 | $214,000 | $181,000 | $263,000 |
| Inventory | $244,000 | $251,000 | $929,000 | $278,000 |
| Receivables | $2,069,000 | $100,000 | $667,000 | $15,539,000 |
| Notes Receivable | $2,069,000 | $100,000 | $600,000 | $0 |
| Cash Cash Equivalents And Short Term Investments | $10,810,000 | $4,079,000 | $16,522,000 | $7,082,000 |
| Cash And Cash Equivalents | $10,810,000 | $4,079,000 | $16,522,000 | $7,082,000 |
| Accounts Receivable | - | $0 | $67,000 | $12,000 |
| Assets Held For Sale Current | - | - | $0 | $47,000 |
| Prepaid Assets | - | - | - | $263,000 |
| Other Receivables | - | - | - | $15,527,000 |
| Non Current Accounts Receivable | - | - | - | - |
| Debt | ||||
| Total Debt | $592,000 | $4,271,000 | $3,233,000 | $6,481,000 |
| Long Term Debt And Capital Lease Obligation | $281,000 | $446,000 | $2,923,000 | $275,000 |
| Current Debt And Capital Lease Obligation | $311,000 | $3,825,000 | $310,000 | $6,206,000 |
| Current Debt | - | $3,536,000 | $35,000 | $5,899,000 |
| Other Current Borrowings | - | $3,536,000 | $35,000 | $5,899,000 |
| Long Term Debt | - | - | $2,923,000 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $4,936,000 | $10,121,000 | $7,536,000 | $12,586,000 |
| Total Non Current Liabilities Net Minority Interest | $508,000 | $1,939,000 | $2,923,000 | $275,000 |
| Derivative Product Liabilities | $227,000 | $1,493,000 | $0 | - |
| Current Liabilities | $4,428,000 | $8,182,000 | $4,613,000 | $12,311,000 |
| Payables And Accrued Expenses | $4,117,000 | $4,357,000 | $4,303,000 | $2,855,000 |
| Payables | $547,000 | $1,227,000 | $1,836,000 | $1,075,000 |
| Accounts Payable | $547,000 | $1,227,000 | $1,836,000 | $1,075,000 |
| Current Notes Payable | - | $306,000 | $0 | $5,899,000 |
| Other Current Liabilities | - | - | - | $3,250,000 |
| Other Non Current Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $14,770,000 | $16,244,000 | $26,064,000 | $20,916,000 |
| Total Equity Gross Minority Interest | $14,770,000 | $16,244,000 | $26,064,000 | $20,916,000 |
| Stockholders Equity | $14,770,000 | $16,244,000 | $26,064,000 | $20,916,000 |
| Retained Earnings | $-270,416,000 | $-247,770,000 | $-223,215,000 | $-199,277,000 |
| Long Term Equity Investment | - | - | $0 | $2,000,000 |
| Investments In Other Ventures Under Equity Method | - | - | $0 | $2,000,000 |
| Other | ||||
| Treasury Shares Number | $5,306 | $2,941 | $2,142 | - |
| Ordinary Shares Number | $2,999,592 | $773,083 | $539,400 | $397,408 |
| Share Issued | $3,004,898 | $776,024 | $541,542 | $397,408 |
| Tangible Book Value | $14,694,000 | $16,098,000 | $25,783,000 | $20,455,000 |
| Invested Capital | $14,770,000 | $19,780,000 | $29,022,000 | $26,815,000 |
| Working Capital | $8,977,000 | $-3,538,000 | $13,686,000 | $10,898,000 |
| Capital Lease Obligations | $592,000 | $735,000 | $275,000 | $582,000 |
| Total Capitalization | $14,770,000 | $16,244,000 | $28,987,000 | $20,916,000 |
| Treasury Stock | $29,000 | $192,000 | $516,000 | $0 |
| Additional Paid In Capital | $285,212,000 | $264,205,000 | $249,790,000 | $220,114,000 |
| Capital Stock | $3,000 | $1,000 | $5,000 | $79,000 |
| Common Stock | $3,000 | $1,000 | $5,000 | $79,000 |
| Long Term Capital Lease Obligation | $281,000 | $446,000 | $0 | $275,000 |
| Current Capital Lease Obligation | $311,000 | $289,000 | $275,000 | $307,000 |
| Current Accrued Expenses | $3,570,000 | $3,130,000 | $2,467,000 | $1,780,000 |
| Net PPE | $6,205,000 | $17,015,000 | $10,569,000 | $7,806,000 |
| Accumulated Depreciation | $-2,988,000 | $-2,478,000 | $-1,629,000 | $-1,494,000 |
| Gross PPE | $9,193,000 | $19,493,000 | $12,198,000 | $9,300,000 |
| Leases | $80,000 | $80,000 | $80,000 | $80,000 |
| Construction In Progress | $3,990,000 | $9,726,000 | $3,047,000 | $6,486,000 |
| Other Properties | $4,929,000 | $5,221,000 | $4,620,000 | $2,638,000 |
| Machinery Furniture Equipment | $194,000 | $194,000 | $179,000 | $96,000 |
| Buildings And Improvements | $0 | $3,131,000 | $3,131,000 | $0 |
| Land And Improvements | $0 | $1,141,000 | $1,141,000 | $0 |
| Properties | $0 | $0 | $0 | $0 |
| Raw Materials | $244,000 | $251,000 | $794,000 | $250,000 |
| Work In Process | - | $0 | $135,000 | $0 |
| Investments And Advances | - | - | $0 | $2,000,000 |
| Finished Goods | - | - | $0 | $28,000 |
Fetched: 2026-06-06
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-10,909,000 | $-25,790,000 | $-13,076,000 | $-14,919,000 |
| Operating Activities | ||||
| Operating Cash Flow | $-10,253,000 | $-13,632,000 | $-3,193,000 | $-10,148,000 |
| Cash Flow From Continuing Operating Activities | $-10,253,000 | $-13,632,000 | $-3,193,000 | $-10,148,000 |
| Operating Gains Losses | $-627,000 | $507,000 | $158,000 | $-596,000 |
| Investing Activities | ||||
| Capital Expenditure | $-656,000 | $-12,158,000 | $-9,883,000 | $-4,771,000 |
| Investing Cash Flow | $2,898,000 | $-11,636,000 | $-9,813,000 | $-3,420,000 |
| Cash Flow From Continuing Investing Activities | $2,898,000 | $-11,636,000 | $-9,813,000 | $-3,420,000 |
| Net Other Investing Changes | $-1,969,000 | $500,000 | - | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $18,774,000 | $12,320,000 | $26,733,000 | $6,519,000 |
| Financing Cash Flow | $14,086,000 | $12,825,000 | $22,446,000 | $12,513,000 |
| Cash Flow From Continuing Financing Activities | $14,086,000 | $12,825,000 | $22,446,000 | $12,513,000 |
| Net Other Financing Charges | $-149,000 | $-977,000 | $-1,232,000 | - |
| Net Common Stock Issuance | $18,774,000 | $12,320,000 | $26,733,000 | $6,519,000 |
| Common Stock Issuance | $18,774,000 | $12,320,000 | $26,733,000 | $6,519,000 |
| Other | ||||
| Repayment Of Debt | $-4,539,000 | $-72,000 | $-6,000,000 | $0 |
| Issuance Of Debt | $0 | $1,500,000 | $2,931,000 | $5,886,000 |
| Interest Paid Supplemental Data | $528,000 | $333,000 | $480,000 | $84,000 |
| Income Tax Paid Supplemental Data | $2,000 | $3,000 | $0 | $2,000 |
| End Cash Position | $10,810,000 | $4,079,000 | $16,522,000 | $7,082,000 |
| Beginning Cash Position | $4,079,000 | $16,522,000 | $7,082,000 | $8,137,000 |
| Changes In Cash | $6,731,000 | $-12,443,000 | $9,440,000 | $-1,055,000 |
| Proceeds From Stock Option Exercised | $0 | $54,000 | $14,000 | $108,000 |
| Net Issuance Payments Of Debt | $-4,539,000 | $1,428,000 | $-3,069,000 | $5,886,000 |
| Net Short Term Debt Issuance | $0 | $1,500,000 | $0 | $5,886,000 |
| Short Term Debt Issuance | $0 | $1,500,000 | $0 | $5,886,000 |
| Net Long Term Debt Issuance | $-4,539,000 | $-72,000 | $-3,069,000 | $5,886,000 |
| Long Term Debt Payments | $-4,539,000 | $-72,000 | $-6,000,000 | $0 |
| Net PPE Purchase And Sale | $4,867,000 | $-12,136,000 | $-9,813,000 | $-2,920,000 |
| Sale Of PPE | $5,523,000 | $22,000 | $70,000 | $1,851,000 |
| Purchase Of PPE | $-656,000 | $-12,158,000 | $-9,883,000 | $-4,771,000 |
| Change In Working Capital | $-98,000 | $2,209,000 | $-583,000 | $1,011,000 |
| Change In Other Working Capital | $-216,000 | $-130,000 | $-307,000 | $-497,000 |
| Change In Payables And Accrued Expense | $179,000 | $1,909,000 | $348,000 | $1,450,000 |
| Change In Accrued Expense | $440,000 | $1,930,000 | $209,000 | $1,428,000 |
| Change In Payable | $-261,000 | $-21,000 | $139,000 | $22,000 |
| Change In Account Payable | $-261,000 | $-21,000 | $139,000 | $22,000 |
| Change In Prepaid Assets | $-68,000 | $-33,000 | $82,000 | $93,000 |
| Change In Inventory | $7,000 | $396,000 | $-651,000 | $-155,000 |
| Change In Receivables | $0 | $67,000 | $-55,000 | $120,000 |
| Changes In Account Receivables | $0 | $67,000 | $-55,000 | $120,000 |
| Other Non Cash Items | $597,000 | $1,116,000 | $12,514,000 | $973,000 |
| Stock Based Compensation | $2,275,000 | $2,737,000 | $2,534,000 | $2,255,000 |
| Asset Impairment Charge | $9,114,000 | $3,080,000 | $4,851,000 | $579,000 |
| Depreciation Amortization Depletion | $1,132,000 | $1,274,000 | $1,271,000 | $1,061,000 |
| Depreciation And Amortization | $1,132,000 | $1,274,000 | $1,271,000 | $1,061,000 |
| Amortization Cash Flow | $70,000 | $135,000 | $180,000 | $179,000 |
| Amortization Of Intangibles | $70,000 | $135,000 | $180,000 | $179,000 |
| Depreciation | $1,062,000 | $1,139,000 | $1,091,000 | $882,000 |
| Gain Loss On Investment Securities | $-1,266,000 | $507,000 | $181,000 | - |
| Net Income From Continuing Operations | $-22,646,000 | $-24,555,000 | $-23,938,000 | $-15,431,000 |
| Long Term Debt Issuance | - | $0 | $2,931,000 | $5,886,000 |
| Gain Loss On Sale Of PPE | - | $440,000 | $-23,000 | $-596,000 |
| Net Business Purchase And Sale | - | - | $0 | $-500,000 |
| Purchase Of Business | - | - | $0 | $-500,000 |
Fetched: 2026-06-06