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Aqua Metals, Inc.

$2.25 -$3.08 (-57.79%)
NASDAQ · 14 Sep 2026 20:00 UTC
Previous Close
$2.31
Day Range
$2.25$2.46
Year Range
$2.16$39.4
Market Cap
8M
AVG Volume
76.01K
Trailing/Forward PE
-0.29/-
PEG ratio
0.01
Dividend Yield
-
Next Earnings Date
2026-11-03
Primary Exchange
NASDAQUS
Revenue (USD)
00.250.50.75124 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q20
26 Q10
25 Q40
25 Q30
25 Q20
25 Q10
24 Q40
24 Q30
24 Q20
24 Q10
Net Income (USD)
-10M-7.5M-5M-2.5M024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q2-4.48M
26 Q1-3.95M
25 Q4-4.44M
25 Q3-3.12M
25 Q2-6.77M
25 Q1-8.31M
24 Q4-7.44M
24 Q3-5.21M
24 Q2-6.15M
24 Q1-5.75M
Operating Income (USD)
-10M-7.5M-5M-2.5M024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q2-2.54M
26 Q1-4.14M
25 Q4-4.58M
25 Q3-3.04M
25 Q2-7.03M
25 Q1-8.68M
24 Q4-6.68M
24 Q3-5.21M
24 Q2-6.16M
24 Q1-5.79M
EBITDA (USD)
-8M-6M-4M-2M024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q2-4.21M
26 Q1-3.67M
25 Q4-4.15M
25 Q3-2.83M
25 Q2-6.24M
25 Q1-7.61M
24 Q4-3.76M
24 Q3-4.81M
24 Q2-5.72M
24 Q1-5.32M
Cash Flows (USD)
-10M-7.5M-5M-2.5M024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q2-2.63M
26 Q1-3.84M
25 Q4-2.79M
25 Q3-2.35M
25 Q2-2.72M
25 Q1-3.23M
24 Q4-2.73M
24 Q3-5.1M
24 Q2-7.98M
24 Q1-9.98M
EPS (USD)
-15-10-5024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS EPS (USD) by quarter
PeriodEPS (USD)
26 Q2-1.31
26 Q1-1.22
25 Q4-2.97
25 Q3-2.19
25 Q2-7.44
25 Q1-10.27
24 Q4-10.4
24 Q3-7.64
24 Q2-9.94
24 Q1-10.45
Expenses (USD)
02.5M5M7.5M10MR&DSG&ACapex24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Expenses (USD) by quarter
PeriodExpenses (USD)
26 Q21.97M
26 Q13.2M
25 Q44.33M
25 Q32.46M
25 Q22.67M
25 Q13.19M
24 Q43.77M
24 Q34.61M
24 Q28.02M
24 Q19.31M
Cash & Debt (USD)
05M10M15MCashLong Term DebtShort Term Debt24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q24.74M
26 Q16.82M
25 Q410.81M
25 Q33.59M
25 Q21.93M
25 Q11.59M
24 Q44.08M
24 Q32.95M
24 Q27.83M
24 Q18.29M
Debt ratios
-0.200.20.40.624 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Debt ratios by quarter
PeriodDebt ratios
26 Q20.29
26 Q10.37
25 Q40.49
25 Q30.15
25 Q20.06
25 Q1-0.11
24 Q4-0.01
24 Q3-0.03
24 Q20.16
24 Q10.21
Margins
-30000%-20000%-10000%0%18 Q419 Q119 Q219 Q319 Q420 Q120 Q321 Q422 Q223 Q3
AQMS Margins by quarter
PeriodMargins
23 Q3-6980%
22 Q2-26100%
21 Q4-824.86%
20 Q3-1716.67%
20 Q1-7977.78%
19 Q4-692.92%
19 Q3-248.62%
19 Q2-384.49%
19 Q1-971.17%
18 Q4-485.62%
Return on Capital
-150%-100%-50%0%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Return on Capital by quarter
PeriodReturn on Capital
26 Q2-47.01%
26 Q1-30.12%
25 Q4-30.06%
25 Q3-47.85%
25 Q2-132.28%
25 Q1-87.24%
24 Q4-45.82%
24 Q3-24.93%
24 Q2-24.39%
24 Q1-25.17%
Shares Outstanding
01M2M3M4M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Shares Outstanding by quarter
PeriodShares Outstanding
26 Q23.41M
26 Q13.24M
25 Q41.49M
25 Q31.43M
25 Q2910.13K
25 Q1807.28K
24 Q4716.39K
24 Q3681.62K
24 Q2618.97K
24 Q1550.27K
Book Value Per Share (USD)
020406024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q22.8
26 Q14.06
25 Q49.88
25 Q34.57
25 Q25.62
25 Q111.81
24 Q422.67
24 Q330.66
24 Q240.73
24 Q141.53
Total Assets (USD)
010M20M30M40M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
AQMS Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q212.62M
26 Q117.12M
25 Q419.71M
25 Q310.5M
25 Q29.24M
25 Q118.07M
24 Q426.36M
24 Q328.48M
24 Q233.66M
24 Q131.45M
Employee Count
0204060802016201720182019202020212022202320242025
AQMS Employee Count by quarter
PeriodEmployee Count
202511
202411
202353
202230
202123
202021
201923
201861
201730
201667
Free Cash Flow Yield
-800%-600%-400%-200%0%med -187.9%Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
AQMS Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 26-151.5%
Sep 26-147.57%
Sep 26-113.63%
Aug 26-124.86%
Aug 26-121.31%
Aug 26-121.31%
Aug 26-119.19%
Jul 26-134.73%
Jul 26-133.52%
Jul 26-138.11%
Jul 26-136.54%
Jul 26-125.2%
Jun 26-124.34%
Jun 26-109.98%
Jun 26-131.58%
Jun 26-103.68%
May 26-85.74%
May 26-91.37%
May 26-87.82%
May 26-153.7%
May 26-143.6%
Apr 26-159.31%
Apr 26-168.72%
Apr 26-189.38%
Apr 26-191.83%
Mar 26-212.97%
Mar 26-179.79%
Mar 26-165.9%
Mar 26-162.07%
Feb 26-157.77%
Feb 26-161.4%
Feb 26-163.79%
Feb 26-162.07%
Jan 26-162.07%
Jan 26-153.7%
Jan 26-125.71%
Jan 26-140.31%
Jan 26-145.05%
Dec 25-159.4%
Dec 25-142.9%
Dec 25-119.86%
Dec 25-107.52%
Nov 25-95.44%
Nov 25-111.08%
Nov 25-121.56%
Nov 25-205.95%
Oct 25-186.42%
Oct 25-163.82%
Oct 25-103.97%
Oct 25-267.45%
Oct 25-216.56%
Sep 25-207.36%
Sep 25-367.41%
Sep 25-413.59%
Sep 25-363.01%
Aug 25-396.27%
Aug 25-420.48%
Aug 25-389.14%
Aug 25-637.37%
Aug 25-604.69%
Jul 25-449.2%
Jul 25-383.46%
Jul 25-466.06%
Jul 25-449.2%
Jun 25-453.52%
Jun 25-373.15%
Jun 25-302.73%
Jun 25-309.89%
May 25-295.15%
May 25-259.15%
May 25-214.39%
May 25-243.88%
May 25-292.68%
Apr 25-248.28%
Apr 25-230.77%
Apr 25-244.9%
Apr 25-219.51%
Mar 25-230.12%
Mar 25-220.39%
Mar 25-229%
Mar 25-244.5%
Feb 25-238.29%
Feb 25-205%
Feb 25-209.57%
Feb 25-225.69%
Jan 25-266.73%
Jan 25-257.93%
Jan 25-237.09%
Jan 25-203.22%
Jan 25-168.26%
Dec 24-179.18%
Dec 24-244.5%
Dec 24-237.09%
Dec 24-186.29%
Nov 24-196.42%
Nov 24-217.33%
Nov 24-281.1%
Nov 24-216.35%
Nov 24-181.73%
Oct 24-161.22%
Price to Sales
0100002000030000med 1859.92Nov 22Mar 23Jun 23Dec 23Apr 24Jul 24Nov 24
AQMS Price to Sales by quarter
PeriodPrice to Sales
Nov 24571.92
Nov 24680.86
Oct 24767.52
Oct 24834.36
Oct 24819.51
Oct 24834.36
Sep 24975.49
Sep 24948.25
Sep 241101.76
Sep 241005.2
Aug 241091.85
Aug 241156.23
Aug 241265.16
Aug 24922.26
Aug 241362.48
Jul 241399.89
Jul 241523.16
Jul 241648.62
Jul 241397.69
Jun 241408.7
Jun 241540.76
Jun 241677.23
Jun 241699.24
May 241743.26
May 241804.9
May 241914.95
May 241955.82
May 242029.54
Apr 242159.64
Apr 242124.95
Apr 242404.66
Apr 242931.56
Mar 242333.11
Mar 241936.83
Mar 241991.7
Mar 242085.19
Mar 241993.74
Feb 242026.25
Feb 242329.08
Feb 242341.27
Feb 242406.3
Jan 242333.14
Jan 242432.73
Jan 242481.5
Jan 242646.12
Dec 233089.18
Dec 233286.31
Dec 233605.39
Dec 233292.41
Dec 233524.1
Nov 233682.62
Nov 233536.29
Nov 233698.88
Aug 2325808.18
Jul 2326621.03
Jul 2327637.1
Jul 2327332.28
Jul 2324385.68
Jun 2323776.04
Jun 2322353.54
Jun 2323166.4
Jun 2323369.61
Jun 2320524.61
May 2320931.04
May 2321134.26
May 2321134.26
May 2321337.47
Apr 2322606.07
Apr 2320443.75
Apr 2322409.49
Apr 2319126.7
Mar 2319657.45
Mar 2319854.02
Mar 2320247.17
Mar 2321033.47
Mar 23524.76
Feb 23507.27
Feb 23494.15
Feb 23511.64
Feb 23555.37
Jan 23577.24
Jan 23592.55
Jan 23629.72
Jan 23472.29
Dec 22546.63
Dec 22323.6
Dec 22236.14
Dec 22297.37
Dec 22325.57
Nov 22348.97
Nov 22340.44
Nov 22354.43
Nov 22362.96
Oct 22350.79
Oct 22319.35
Oct 22325.72
Oct 22352.7
Sep 22320.83
Sep 22344.2
Sep 22390.95
Price/Operating Cashflow
3040506070med 45.66Aug 23Sep 23Nov 23Dec 23Jan 24Feb 24Mar 24
AQMS Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Mar 2435.04
Mar 2436.03
Mar 2437.72
Mar 2436.07
Feb 2436.65
Feb 2442.13
Feb 2442.35
Feb 2443.53
Jan 2442.21
Jan 2444.01
Jan 2444.89
Jan 2447.87
Dec 2355.88
Dec 2359.45
Dec 2365.22
Dec 2359.56
Dec 2363.75
Nov 2366.62
Nov 2363.97
Nov 2366.91
Nov 2341.45
Oct 2333.69
Oct 2340.92
Oct 2343
Oct 2345.66
Sep 2350.09
Sep 2350.54
Sep 2349.21
Sep 2346.99
Sep 2350.09
Aug 2344.77
Aug 2348.32
Aug 2351.87
Price to Book
0123med 0.74Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
AQMS Price to Book by quarter
PeriodPrice to Book
Sep 260.8
Sep 260.83
Sep 261.07
Aug 260.98
Aug 261
Aug 261
Aug 261.02
Jul 260.9
Jul 260.67
Jul 260.65
Jul 260.65
Jul 260.71
Jun 260.72
Jun 260.81
Jun 260.68
Jun 260.86
May 261.04
May 260.98
May 261.02
May 260.49
May 260.52
Apr 260.47
Apr 260.45
Apr 260.4
Apr 260.39
Mar 260.79
Mar 260.94
Mar 261.02
Mar 261.04
Feb 261.07
Feb 261.05
Feb 261.03
Feb 261.04
Jan 261.04
Jan 261.1
Jan 261.34
Jan 261.2
Jan 261.17
Dec 251.06
Dec 251.18
Dec 251.41
Dec 251.57
Nov 251.77
Nov 251.52
Nov 251.39
Nov 251.31
Oct 251.44
Oct 251.64
Oct 252.59
Oct 251.01
Oct 251.24
Sep 251.3
Sep 250.73
Sep 250.65
Sep 250.74
Aug 250.68
Aug 250.64
Aug 250.69
Aug 250.31
Aug 250.33
Jul 250.44
Jul 250.52
Jul 250.43
Jul 250.44
Jun 250.44
Jun 250.54
Jun 250.66
Jun 250.64
May 250.68
May 250.77
May 250.93
May 250.82
May 250.54
Apr 250.64
Apr 250.69
Apr 250.65
Apr 250.72
Mar 250.67
Mar 250.69
Mar 250.67
Mar 250.63
Feb 250.64
Feb 250.75
Feb 250.73
Feb 250.68
Jan 250.57
Jan 250.59
Jan 250.65
Jan 250.75
Jan 250.91
Dec 240.85
Dec 240.63
Dec 240.65
Dec 240.82
Nov 240.78
Nov 240.7
Nov 240.54
Nov 240.57
Nov 240.68
Oct 240.76
Aqua Metals, Inc.
AQMS
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News: AQMS

Aqua Metals Signs Five-Year Copper and Aluminum Offtake LOI, Completing Commercial Coverage of Three Project Headwaters Product Streams

globenewswire.com · 14 Sep 2026

Aqua Metals Signs Five-Year Copper and Aluminum Offtake LOI, Completing Commercial Coverage of Three Project Headwaters Product Streams

Five-year LOI contemplates purchase of up to 100% of commercially saleable copper and aluminum from Project Headwaters, representing more than $105 million of projected value at current commodity prices. Agreement follows recently announced WMC Group lithium product offtake framework and further advances the commercial foundation for Aqua Metals' planned domestic LFP recycling platform RENO, Nev.

Aqua Metals and WMC Sign LOI Covering 100% of Planned Lithium Carbonate Output from First Commercial-Scale AquaRefining™ Facility

globenewswire.com · 31 Aug 2026

Aqua Metals and WMC Sign LOI Covering 100% of Planned Lithium Carbonate Output from First Commercial-Scale AquaRefining™ Facility

Project Headwaters aims to be first commercial-scale deployment of AquaRefining™ for lithium carbonate production Planned output of approximately 7,000 metric tons through 2032 represents roughly $135 million of illustrative gross value at current market pricing RENO, Nev., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), a leader in sustainable lithium-ion battery recycling, today announced that it has signed a non-binding six-year letter of intent (“LOI”) with WMC Group AG(“WMC”), a global, leading commodity merchant active in the battery raw material value chain, covering 100% of the planned lithium carbonate output from Project Headwaters, which is expected to be the first commercial-scale deployment of the Company's AquaRefining™ process for lithium carbonate production.

Aqua Metals, Inc. (AQMS) Q2 2026 Earnings Call Transcript

seekingalpha.com · 30 Jul 2026

Aqua Metals, Inc. (AQMS) Q2 2026 Earnings Call Transcript

Aqua Metals, Inc. (AQMS) Q2 2026 Earnings Call Transcript

Aqua Metals Reports Second Quarter 2026 Results and Advances Phased Commercialization Plan for Headwaters ARC

globenewswire.com · 30 Jul 2026

Aqua Metals Reports Second Quarter 2026 Results and Advances Phased Commercialization Plan for Headwaters ARC

Staged commercialization plan is designed to establish domestic processing capacity for the fast-growing LFP critical minerals processing market Staged commercialization plan is designed to establish domestic processing capacity for the fast-growing LFP critical minerals processing market

Aqua Metals to Announce Second Quarter 2026 Financial Results and Host Investor Conference Call on July 30, 2026

globenewswire.com · 23 Jul 2026

Aqua Metals to Announce Second Quarter 2026 Financial Results and Host Investor Conference Call on July 30, 2026

RENO, Nev., July 23, 2026 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a U.S. critical minerals processing company commercializing lower-cost recovery and refining technologies, today announced it will report financial results for the second quarter ended June 30, 2026, and provide a business update on Thursday, July 30, 2026. Management will host a conference call that day at 4:30 p.m.

Aqua Metals Advances Headwaters ARC, Planned Midwest Battery Recycling and Critical Minerals Recovery Campus

globenewswire.com · 7 Jul 2026

Aqua Metals Advances Headwaters ARC, Planned Midwest Battery Recycling and Critical Minerals Recovery Campus

RENO, Nev. , July 07, 2026 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable critical minerals recovery and lithium battery recycling, today announced it has advanced to final site-specific diligence and negotiations for Headwaters ARC, the Company's planned commercial battery recycling and critical minerals recovery campus in the Midwest battery manufacturing corridor.

Aqua Metals Advances Headwaters ARC, Planned Midwest Battery Recycling and Critical Minerals Recovery Campus

globenewswire.com · 7 Jul 2026

Aqua Metals Advances Headwaters ARC, Planned Midwest Battery Recycling and Critical Minerals Recovery Campus

Company advances final site-specific diligence for Midwest Headwaters ARC development opportunity with existing industrial infrastructure, substantial expansion acreage, and strategic proximity to rapidly growing LFP battery manufacturing capacity Company advances final site-specific diligence for Midwest Headwaters ARC development opportunity with existing industrial infrastructure, substantial expansion acreage, and strategic proximity to rapidly growing LFP battery manufacturing capacity

Aqua Metals to Participate in NAATBatt 2026 Recycling & Lifecycle Management Workshop

globenewswire.com · 30 Jun 2026

Aqua Metals to Participate in NAATBatt 2026 Recycling & Lifecycle Management Workshop

President & CEO Steve Cotton to present on circular battery supply chains as the Company advances commercialization of its next-generation battery recycling technology President & CEO Steve Cotton to present on circular battery supply chains as the Company advances commercialization of its next-generation battery recycling technology

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