CoverageForm 410-K10-Q8-K13D13G13F

AQMS · Aqua Metals, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · AQMS

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue-$0$25.0K$4.0K$173.0K$108.0K
Cost of Revenue$2.41M$7.21M$6.28M$3.96M$7.02M$5.48M
Gross Profit-($7.21M)($6.26M)($3.96M)($6.84M)($5.37M)
R&D$1.32M$1.59M$1.74M$1.81M$933.0K$1.03M
SG&A$10.48M$11.97M$11.64M$9.81M$9.69M$9.00M
Total Operating Expenses$23.33M$23.85M$24.49M$15.59M$17.64M$15.50M
D&A$815.0K$900.0K$900.0K$500.0K$600.0K$1.90M
Operating Income($23.33M)($23.85M)($24.46M)($15.58M)($17.46M)($15.39M)
Interest Expense$667.0K$574.0K$621.0K$125.0K$21.0K$1.62M
Income Tax$2.0K$3.0K$2.0K$2.0K$2.0K$2.0K
Net Income($22.65M)($24.55M)($23.94M)($15.43M)($18.19M)($25.76M)
EPS - Basic($15.15)($38.30)($50.00)($52.00)--
EPS - Diluted------

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$10.81M$4.08M$16.52M$7.08M$8.14M$6.53M
Accounts Receivable-$0$67.0K$12.0K$269.0K$32.0K
Inventory$244.0K$251.0K$929.0K$278.0K$123.0K$1.09M
Accounts Payable$547.0K$1.23M$1.84M$1.07M$685.0K$1.55M
Current Assets$13.40M$4.64M$18.30M$23.21M$12.44M$8.36M
Total Assets$19.71M$26.36M$33.60M$33.50M$33.27M$35.14M
Current Liabilities$4.43M$8.18M$4.61M$12.31M$4.08M$3.45M
Long-term Debt-----$332.0K
Total Liabilities$4.94M$10.12M$7.54M$12.59M$5.74M$4.00M
Stockholders' Equity$14.77M$16.24M$26.06M$20.92M$27.53M$31.14M
Retained Earnings($270.42M)($247.77M)($223.22M)($199.28M)($183.85M)($165.65M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow($10.25M)($13.63M)($3.19M)($10.15M)($7.62M)($11.03M)
Investing Cash Flow$2.90M($11.64M)($9.81M)($3.42M)($2.23M)$6.63M
Financing Cash Flow$14.09M$12.82M$22.45M$12.51M$11.45M$3.35M
CapEx$425.0K$7.92M$5.60M$4.77M$2.35M$3.36M
Free Cash Flow($10.68M)($21.55M)($8.79M)($14.92M)($9.96M)($14.39M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin---25028.0%-98875.0%-3956.1%-4970.4%
Operating margin---97856.0%-389575.0%-10095.4%-14252.8%
EBITDA margin---94256.0%-377075.0%-9748.6%-12493.5%
Net margin---95752.0%-385775.0%-10516.2%-23853.7%
Free cash flow margin---35164.0%-372975.0%-5760.1%-13325.0%
FCF / Net income0.470.880.370.970.550.56
R&D / Revenue--6964.0%45325.0%539.3%950.9%
SG&A / Revenue--46552.0%245375.0%5600.0%8331.5%
Effective tax rate------
Return on assets-114.9%-93.1%-71.2%-46.1%-54.7%-73.3%
Return on equity-153.3%-151.2%-91.8%-73.8%-66.1%-82.7%
Return on invested capital------38.6%
Liquidity
Current ratio3.030.573.971.893.052.42
Quick ratio2.970.543.771.863.022.10
Cash ratio2.440.503.580.582.001.89
Leverage
Debt / Equity-----0.01
Debt / Assets-----0.01
Debt / EBITDA------
Interest coverage-35.0x-41.5x-39.4x-124.7x-831.7x-9.5x
Equity multiplier1.331.621.291.601.211.13
Liabilities / Assets0.250.380.220.380.170.11
Efficiency
Asset turnover-0.000.000.000.010.00
Inventory turnover9.8628.746.7614.2457.055.02
Days sales outstanding--978d1095d568d108d
Days inventory outstanding37d13d54d26d6d73d
Days payable outstanding83d62d107d99d36d103d
Cash conversion cycle--926d1022d538d77d
Valuation
P / E------
P / B------
P / S------
EV / EBITDA------
Growth
Revenue growth (YoY)--100.0%525.0%-97.7%60.2%-97.8%
Revenue CAGR (3y)---38.6%-90.6%--62.8%
Revenue CAGR (5y)----71.4%--
Gross profit growth (YoY)--15.3%-58.2%42.2%-27.5%73.1%
Operating income growth (YoY)2.2%2.5%-57.0%10.8%-13.5%62.3%
Net income growth (YoY)7.8%-2.6%-55.1%15.2%29.4%42.5%
EPS growth (YoY)------
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)50.5%-145.2%41.1%-49.7%30.8%62.1%
FCF CAGR (5y)------
Book value growth (YoY)-9.1%-37.7%24.6%-24.0%-11.6%-37.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2023-12-31.

Product / service

$25.0K total
Sale Of Inventory$25.0K · 100.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

2/9
Weak
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • -No share dilution
  • -Gross margin improved
  • -Asset turnover improved

Peer comparison

Same SIC group: Secondary Smelting & Refining of Nonferrous Metals

CompanyRevenue (last FY)Net marginROE
CSTM$8.45B3.2%28.7%

Comparing Aqua Metals against the 1 most active filer in the same SIC group.