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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›AQMS

AQMS

Aqua Metals, Inc.

Next earnings Aug 11, 2026

Last earnings -7.8% on 2026-05-14

Sell
$2.91
▲ +0.87%
$2.91▼ -54.05%
over 1Y
L $2.75EODHDH $29.62
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.9%
1W-7.8%
1M-28.1%
3M-20.0%
YTD-45.5%
1Y-54.0%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
D
Valuation
Fair value
Filings
Flagged
Sell
Conviction
Horizon
Medium (3–12mo)
Street · 7 analysts
Buy

Conservative balance sheet (liabilities/equity 0.33x); but revenue fell -100.0% YoY.

Aqua Metals, Inc. shows $0.00 in FY2024 revenue (-100.0% YoY), and -153.3% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$173K$4.00K$25.0K$0.00—
Gross profit—————
Operating income-$17.5M-$15.6M-$24.5M-$23.8M-$23.3M
Net income-$18.2M-$15.4M-$23.9M-$24.6M-$22.6M
Diluted EPS-$0.26————
Net margin-10516.2%-385775.0%-95752.0%——

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value-$744K
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-232.7%
FCF yield-109.7%

Quality & risk

ROIC (est.)-122.0%
Free cash flow-$10.7M
Total debt$332K
Net cash$10.5M
Altman Z-Score-21.39 distress
Piotroski F-Score4/8

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY-59.6%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Red flag in recent filings — restated periodic report (2026-04-30). Worth a closer look.
  1. 8-K Earnings results2026-05-14
  2. 10-Q Quarterly report2026-05-14
  3. 10-K/A Restated periodic report2026-04-30
  4. 8-K Earnings results2026-03-31
  5. 10-K Annual report2026-03-31
  6. 8-K Material agreement2026-02-11
  7. 8-K Other event2025-12-02
  8. 8-K Earnings results2025-11-12
  9. 10-Q Quarterly report2025-11-12

Recent filings

all on EDGAR ↗
4Period ending 2026-05-192026-05-20open ↗8-KPeriod ending 2026-05-142026-05-14open ↗10-QPeriod ending 2026-03-312026-05-14open ↗10-K/APeriod ending 2025-12-312026-04-30open ↗4Period ending 2026-04-132026-04-15open ↗4Period ending 2026-04-132026-04-15open ↗4Period ending 2026-04-132026-04-15open ↗8-KPeriod ending 2026-03-312026-03-31open ↗10-KPeriod ending 2025-12-312026-03-31open ↗4Period ending 2026-02-242026-02-26open ↗4Period ending 2026-02-242026-02-26open ↗4Period ending 2026-02-242026-02-26open ↗

Quality score

D
ValueGrowthProfitHealthMom.
Value—
GrowthD
ProfitabilityF
Financial healthB-
Momentum—
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
Revenue
$0.00
-100.0% YoY
Net margin
—
ROE
-153.3%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$0.00-100.0%
Net income-$22.6M+7.8%
Operating income-$23.3M+2.2%
Diluted EPS-$0.26+38.1%
Cash & equivalents$10.8M+165.0%
Total assets$19.7M-25.3%
Total liabilities$4.94M-51.2%
Stockholders' equity$14.8M-9.1%
L/E: 0.33x

Frequently asked

Is Aqua Metals, Inc. (AQMS) a buy?
AQMS currently carries a Sell rating with 3/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity 0.33x); but revenue fell -100.0% YoY.
What is Aqua Metals, Inc.'s quality score?
AQMS scores 43.46153846153846/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001621832, latest 10-Q filed 2026-05-14) · EODHD · as of 6/26/2026, 8:17:48 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-05-19
West Eric
Chief Financial Officer
Tax721.00 @ $3.91$2.82K
2026-04-13
West Eric
Chief Financial Officer
Tax863.00 @ $3.92$3.38K
2026-04-13
Taecker Benjamin S.
Chief Eng and Opr Officer
Tax715.00 @ $3.92$2.80K
2026-04-13
Cotton Stephen
Chief Executive Officer
Tax2.35K @ $3.92$9.22K
2026-02-24
Cotton Stephen
Chief Executive Officer
Tax3.31K @ $4.76$15.7K
2026-02-24
Taecker Benjamin S.
Chief Eng and Opr Officer
Tax1.01K @ $4.76$4.79K
2026-02-24
West Eric
Chief Financial Officer
Tax1.21K @ $4.76$5.78K
2026-02-13
West Eric
Chief Financial Officer
Award28.4K @ $4.72$134K

Earnings history

beat/miss · move
2026-05-14—▼ -7.78%8-K ↗
2026-03-31—▲ +14.13%8-K ↗
2025-11-12Miss -257.8% est▲ +15.65%8-K ↗
2025-08-13—▲ +2.43%8-K ↗
2025-05-08Miss -68.3% est▲ +4.25%8-K ↗
2025-03-31Miss -68.3% est▼ -8.33%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Aqua Metals (AQMS) Q4 2025 Earnings TranscriptBullish
finance.yahoo.com· 2026-05-27
Aqua Metals signals site selection push for first commercial lithium recycling facility while dropping Lion Energy acquisition structureBullish
seekingalpha.com· 2026-05-14
$67.2 Bn Industrial Water Reuse Systems Market - Global Forecast to 2036 Featuring Veolia, Xylem, Suez, Evoqua Water Technologies, Pentair, Aqua Metals, Thermax, Doosan Hydro, Alfa Laval, and PallBullish
finance.yahoo.com· 2026-04-22
Aqua Metals, Inc. Q4 2025 Earnings Call SummaryBullish
finance.yahoo.com· 2026-04-01
Aqua Metals outlines 10,000 to 60,000 metric tons ARC facility range while advancing Lion Energy dealBullish
seekingalpha.com· 2026-04-01
Aqua Metals GAAP EPS of -$15.15Bullish
seekingalpha.com· 2026-03-31

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score43 vs 67
Revenue growth-100.0% vs 7.1%
Net margin— vs 10.5%
Return on equity-153.3% vs 12.3%
P/E— vs 25.5

News sentiment

EODHD · 2d
Bullish
+0.18
vs typical · 2 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.