Aqua Metals AQMS

Steel, Basic Materials

$1.47

−1.34%

Market cap: $5.2M
PE: n/m; one or more of the four quarters through 2026-06-30 missing
Forward PE: n/m; not a meaningful number
Price to sales: n/m; one or more of the four quarters through 2026-06-30 missing
EV/EBIT: n/m; a loss over the last year
Revenue, 12 months: n/m; one or more of the four quarters through 2026-06-30 missing
Net margin: n/m; one or more of the four quarters through 2026-06-30 missing
Free cash flow yield: −218.2%

Charts

Financials

Income statement for AQMS, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$25K	$0	n/a	n/a	$0	$0	n/a	n/a	n/a	n/a	n/a	n/a
Cost of revenue	$1.8M+113%	$2M+111%	$2.2M+107%	$2.4M+60%	$1.6M−9%	$1M−48%	$724K−67%	$776K−67%	$576K−64%	$331K−67%	$501K−31%	$564K−27%
Gross profit	−$1.7M+110%	−$2M+111%	n/a	n/a	−$1.6M−7%	−$1M−48%	n/a	n/a	n/a	n/a	n/a	n/a
R&D	$389K−21%	$382K+52%	$588K+32%	$363K−31%	$398K+2%	$238K−38%	$336K−43%	$295K−19%	$328K−18%	$365K+53%	$282K−16%	$248K−16%
SG&A	$2.8M+8%	$3M+35%	$3M−0%	$3.4M+20%	$2.7M−2%	$2.8M−6%	$2.4M−21%	$2.2M−36%	$2.1M−22%	$3.8M+35%	$2.9M+23%	$1.7M−22%
	−$4.9M+26%	−$10.2M+202%	−$5.8M+29%	−$6.2M+27%	−$5.2M+5%	−$6.7M−34%	−$8.7M+50%	−$7M+14%	−$3.1M−41%	−$4.6M−32%	−$4.1M−52%	−$4.6M−35%
Interest expense	$87K+867%	$103K+0%	$106K−40%	$84K−67%	$83K−5%	$301K+192%	$403K+280%	$245K+192%	$12K−86%	$8K−97%	$8K−98%	$6K−98%
Pre-tax income	−$4.5M+17%	−$10M+153%	n/a	−$6.1M+29%	−$5.2M+15%	−$7.4M−26%	−$8.3M	−$6.8M+10%	−$3.1M−40%	−$4.4M−40%	−$4M−53%	−$4.5M−34%
	$0	$0	n/a	$3K	$0	$0	$0	$2K−33%	$0	$0	$2K	$0
Net income	−$4.5M+17%	−$10M+153%	−$5.8M+25%	−$6.2M+29%	−$5.2M+15%	−$7.4M−26%	−$8.3M+45%	−$6.8M+10%	−$3.1M−40%	−$4.4M−40%	−$4M−52%	−$4.5M−34%
	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a

Gross profit: 28 periods, Q1 FY17 to Q4 FY24: not printed by the filing, worked out from its own lines.

Net income: Q1 FY15: 6 months less the 3 months printed beside them.

EPS, diluted: 4 periods, Q4 FY14 to Q4 FY21: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY14: a loss quarter: its basic count, share-days: the 6-month average less the 3-month, weighted by days. Q1 FY15: share-days: the 6-month average less the second quarter's. Q4 FY21: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Basic Materials nearest Aqua Metals' size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
AQMSAqua Metals	$5.2M	n/m	n/a	n/m	n/m	n/m
OXBROXBRIDGE RE HOLDINGS	$7.7M	47.5×	9.6×	2.8×	+40%	4.7%
EDUCEducational Development	$8.7M	5.4×	11.3×	0.4×	−32%	8.6%
GTIMGood Times Restaurants	$13.6M	6.1×	13.6×	0.1×	−6%	1.7%
MDRRMedalist Diversified	$15.4M	2.5×	3.0×	1.6×	−1%	80.2%
BCGBinah Capital	$18.2M	6.7×	20.8×	0.1×	+8%	2.2%
VIPVulcan Infrastructure & Power	$19.6M	17.9×	24.4×	0.4×	−14%	1.0%
MXCMexco Energy	$20.5M	13.4×	13.3×	3.0×	−9%	23.3%
CKXCKX Lands	$21.5M	7.4×	32.6×	31.0×	−17%	n/m
MSGMMotorsport Games	$22.5M	11.4×	11.5×	1.5×	+79%	16.2%
ATCHAtlasClear	$24M	15.8×	17.5×	1.2×	+85%	9.8%
Peer median	$18.9M	9.4×	13.4×	1.4×	−3%	8.6%