AQMS · Aqua Metals, Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“Management believes that the Company's capital resources remain insufficient to sustain operations through at least the next twelve months from the date of this filing. Additionally, in view of the Company's expectation to incur significant losses and continue utilizing cash in operations for the foreseeable future, the Company will be required to raise additional capital resources in order to fund its operations, although the availability of, and the Company's access to such resources, cannot be assured. Accordingly, management believes that there is substantial doubt regarding the Company's ability to continue operating as a going concern through the next twelve months from the date of this filing.”View the 10-Q filed Jul 30, 2026
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $0 | — | $0 | $25K | $4000 | $173K | $108K | $4.87M | $4.45M | $2.1M | $0 | — | |
| $1.97M | $2.41M | $7.21M | $6.28M | $3.96M | $7.02M | $5.48M | $24.8M | $22.76M | $9.54M | $0 | — | |
| -$5.73M | — | -$7.21M | -$6.26M | -$3.96M | -$6.84M | -$5.37M | -$19.93M | -$18.31M | -$7.44M | $0 | — | |
| — | — | — | -25028% | -98875% | -3956.07% | -4970.37% | -408.8% | -411.6% | -354.33% | — | — | |
| $1.22M | $1.33M | $1.59M | $1.74M | $1.81M | $933K | $1.03M | $1.56M | $4.5M | $8.1M | $6.35M | $2.28M | |
| $10.56M | $10.49M | $11.97M | $11.64M | $9.82M | $9.69M | $9M | $19.31M | $14.21M | $600K | $6.61M | $3.17M | |
| $64K | $70K | $135K | $180K | $179K | $180K | $180K | $182K | $190K | $163K | $128K | $110K | |
| $48.28M | — | — | — | — | — | — | — | $41.48M | $26.95M | $12.96M | $5.45M | |
| $16.35M | $23.33M | $23.85M | $24.49M | $15.57M | $17.64M | $15.5M | $45.67M | $41.48M | — | — | — | |
| -$16.35M | -$23.33M | -$23.85M | -$24.46M | -$15.57M | -$17.47M | -$15.39M | -$40.79M | -$37.03M | -$24.86M | -$12.96M | -$5.45M | |
| — | — | — | -97856% | -389150% | -10095.38% | -14252.78% | -836.97% | -832.28% | -1183.71% | — | — | |
| $33K | $667K | $574K | $621K | $125K | $21K | $1.62M | $3.48M | $3.45M | $1.76M | $639K | $1.13M | |
| $28.88K | — | — | — | — | — | — | — | — | — | — | $19.22K | |
| $358K | $687K | -$705K | $526K | $137K | -$726K | -$10.37M | -$4M | -$3.22M | -$1.72M | -$598K | -$6.88M | |
| -$15.99M | -$22.64M | -$24.55M | -$23.94M | -$15.43M | -$18.19M | -$25.76M | -$44.79M | -$40.25M | -$26.58M | -$13.56M | -$12.33M | |
| — | $2000 | $3000 | $2000 | $2000 | $2000 | $2000 | $2000 | $2000 | $2000 | $1000 | $3000 | |
| -$16M | -$22.65M | -$24.56M | -$23.94M | -$15.43M | -$18.19M | -$25.76M | -$44.8M | -$40.25M | -$26.58M | -$13.56M | -$12.33M | |
| — | — | — | -95752% | -385775% | -10516.18% | -23853.7% | -919.06% | -904.79% | -1265.71% | — | — | |
| USD/shares | $0.03 | -$15.15 | -$38.25 | -$51.00 | -$40.00 | -$52.00 | — | — | — | — | — | — |
| shares | — | 1.49M | 641.96K | 469.66K | 379.06K | 350.01K | 304.31K | 261.32K | 170.77K | 101.47K | 76.34K | 42.02K |
| shares | — | — | — | — | — | 350.01K | 304.31K | 261.32K | 170.77K | 101.47K | 76.34K | 42.02K |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Finance lease liabilities | 2026-06-30 | USD 122,000 | 10-Q filed 2026-07-30 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Operating lease liabilities | 2026-06-30 | USD 319,000 | 10-Q filed 2026-07-30 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 7 similar-size Waste Management companies (of 22 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Sale of Inventory | $25,000 | $4,000 | $173,000 |