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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adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date.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›AQST

AQST

Aquestive Therapeutics, Inc.

Next earnings Aug 10, 2026 (after close) · consensus $-0.11 EPS, $11.6M rev

Last earnings -0.7% on 2026-05-13

Avoid
$4.39
▼ -1.68%
$4.39▲ +35.08%
over 1Y
L $2.95EODHDH $7.49
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-1.7%
1W-7.0%
1M+9.7%
3M+9.2%
YTD-31.9%
1Y+35.1%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Filings
Flagged
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 15 analysts
Buy

Conservative balance sheet (liabilities/equity -5.77x); but revenue fell -22.6% YoY.

Aquestive Therapeutics, Inc. shows $44.5M in FY2025 revenue (-22.6% YoY), a -188.1% net margin.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$50.8M$47.7M$50.6M$57.6M$44.5M
Gross profit—————
Operating income-$34.7M-$42.1M-$15.1M-$30.8M-$71.1M
Net income-$70.5M-$54.4M-$7.87M-$44.1M-$83.8M
Diluted EPS-$1.85-$1.12-$0.13-$0.51-$0.78
Net margin-138.8%-114.1%-15.6%-76.7%-188.1%

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

Key statistics

Valuation

Enterprise value$460M
EV / EBITDA—
EV / Sales10.3
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-15.6%
FCF yield-9.9%

Quality & risk

ROIC (est.)—
Free cash flow-$53.0M
Total debt$45.0M
Net cash$76.2M
Altman Z-Score-2.67 distress
Piotroski F-Score2/8

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+23.4%

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 — agreement terminated (2026-05-13). Worth a closer look.
  1. S-3 Shelf registration (potential raise)2026-06-26
  2. 8-K Shareholder vote2026-06-10
  3. 8-K Agreement terminated2026-05-13
  4. 10-Q Quarterly report2026-05-13
  5. DEF 14A Proxy statement2026-04-24
  6. 8-K Reg FD disclosure2026-03-30
  7. 8-K Officer / director change2026-03-20
  8. 8-K Material agreement2026-03-04
  9. 10-K Annual report2026-03-04

Recent filings

all on EDGAR ↗
S-3Filing2026-06-26open ↗4Period ending 2026-06-232026-06-24open ↗144Filing2026-06-23open ↗4Period ending 2026-06-152026-06-16open ↗144Filing2026-06-15open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗8-KPeriod ending 2026-06-102026-06-10open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueF
GrowthF
ProfitabilityF
Financial healthF
Momentum—
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✓Liabilities below 2× equity
Revenue
$44.5M
-22.6% YoY
Net margin
-188.1%
ROE
—
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$44.5M-22.6%
Net income-$83.8M-89.8%
Operating income-$71.1M-130.9%
Diluted EPS-$0.78-52.9%
Cash & equivalents$121M+69.4%
Total assets$160M+58.2%
Total liabilities$194M+20.1%
Stockholders' equity-$33.7M+44.0%
Op.: -159.5%L/E: -5.77x

Frequently asked

Is Aquestive Therapeutics, Inc. (AQST) a buy?
AQST currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity -5.77x); but revenue fell -22.6% YoY.
What is Aquestive Therapeutics, Inc.'s quality score?
AQST scores 23.176470588235293/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001398733, latest 10-Q filed 2026-05-13) · EODHD · as of 6/26/2026, 5:53:28 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

Last 90 days: 0 open-market buys · 2 sales

2026-06-23
Krop Julie
Director
Exercise25.0K @ $0.71$17.8K
2026-06-23
Krop Julie
Director
Sell25.0K @ $5.02$125K
2026-06-15
Barber Daniel
President and CEO
Sell25.0K @ $4.16$104K

Earnings history

beat/miss · move
2026-05-13Beat +50.0% est▼ -0.72%8-K ↗
2026-03-04Miss -10.9% est▲ +6.07%8-K ↗
2025-11-05Miss -3.6% est▼ -1.32%8-K ↗
2025-08-11Beat +18.5% est▼ -1.03%8-K ↗
2025-05-12—▲ +2.15%8-K ↗
2025-03-05—▲ +2.20%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 →
Aquestive Therapeutics Q1 Earnings Call HighlightsBullish
finance.yahoo.com· 2026-05-14
12 Health Care Stocks Moving In Wednesday's After-Market SessionBullish
finance.yahoo.com· 2026-05-13
Earnings Scheduled For May 13, 2026Bullish
finance.yahoo.com· 2026-05-13
Aquestive Therapeutics Completes $150 Million Debt Refinancing with OaktreeBullish
globenewswire.com· 2026-05-12
Crinetics Pharmaceuticals, Inc. (CRNX) Reports Q1 Loss, Beats Revenue EstimatesBullish
finance.yahoo.com· 2026-05-07
Will Aquestive Therapeutics (AQST) Report Negative Q1 Earnings? What You Should KnowBullish
finance.yahoo.com· 2026-05-04

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score23 vs 67
Revenue growth-22.6% vs 7.1%
Net margin-188.1% vs 10.5%
Return on equity— vs 12.3%
P/E— vs 25.5

News sentiment

EODHD · 7d
Bullish
+0.17
vs typical · 8 articles
↑ improving

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