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NASDAQ · Industrials

Aqua Metals, Inc. (AQMS)

It posted a net loss of $16M. In fiscal 2025 capital spending exceeded operating cash flow by $10.7M. At June 30, 2026 it held $4.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 30, 2026.

Price
$2.62
+5.22% on the day · September 25, 2026
52-week range $2.16 to $39.40
Market cap
$9.3M

What Aqua Metals, Inc. does

Aqua Metals, Inc. is registered with the SEC under industry code SIC 3341 (Secondary Smelting & Refining of Nonferrous Metals). Its shares trade on NASDAQ under the ticker AQMS.

Revenue and profit by year

Revenue
FY18: $4.4M $4.4M FY18FY19: $4.9M $4.9M FY19FY20: $108K $108K FY20FY21: $173K $173K FY21FY22: $4K $4K FY22FY23: $25K $25K FY23FY24: $0 $0 FY24
Net income
FY18: -$40.3M -$40.3M FY18FY19: -$44.8M -$44.8M FY19FY20: -$25.8M -$25.8M FY20FY21: -$18.2M -$18.2M FY21FY22: -$15.4M -$15.4M FY22FY23: -$23.9M -$23.9M FY23FY24: -$24.6M -$24.6M FY24FY25: -$22.6M -$22.6M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025n/a-$23.3M-$22.6M-$15.15-$10.7M
2024$0-$23.8M-$24.6M-$38.25-$21.6M
2023$25K-$24.5M-$23.9M-$50.93-$8.8M
2022$4K-$15.6M-$15.4M-$40.75-$14.9M
2021$173K-$17.5M-$18.2M-$52.97-$9.4M
2020$108K-$15.4M-$25.8M-$85.57-$14.4M

Full financial statements: income, balance sheet and cash flow

Next report expected around November 11, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 12, 2025. Not a date the company has announced. See the report calendar

Latest SEC filings

What Aqua Metals, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 8, 2026
  2. August 21, 2026
  3. August 21, 2026
  4. July 30, 2026
    Quarterly report 10-Q · period to June 30, 2026Diluted EPS -$1.31 versus -$7.44.
  5. July 30, 2026
  6. July 8, 2026
  7. July 8, 2026
  8. May 14, 2026
  9. May 14, 2026
    Quarterly report 10-Q · period to March 31, 2026Diluted EPS -$1.22 versus -$10.27.
  10. April 30, 2026
    Annual report (amended) 10-K/A · period to December 31, 2025Diluted EPS -$15.15 versus -$38.25.

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 26, 2026. Insider transactions on SEC

Insider trades

What the people running Aqua Metals, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 10 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
August 24, 2026 Taecker Benjamin S.Chief Eng and Opr Officer Received as pay 30,958 - - Form 4
August 24, 2026 West EricChief Financial Officer Received as pay 37,352 - - Form 4
August 24, 2026 Cotton StephenChief Executive Officer, Director Received as pay 104,818 - - Form 4
August 24, 2026 Gangloff Eric JohnDirector Received as pay 10,427 - - Form 4
August 24, 2026 Divito Vincent LDirector Received as pay 15,641 - - Form 4
August 24, 2026 Henderson Steven KDirector Received as pay 10,427 - - Form 4
August 19, 2026 Cotton StephenChief Executive Officer, Director Shares withheld for tax 3,305 $2.67 $8.8K Form 4
August 19, 2026 West EricChief Financial Officer Shares withheld for tax 1,213 $2.67 $3.2K Form 4
August 19, 2026 Taecker Benjamin S.Chief Eng and Opr Officer Shares withheld for tax 1,005 $2.67 $2.7K Form 4
July 1, 2026 Taecker Benjamin S.Chief Eng and Opr Officer Shares withheld for tax 744 $2.97 $2.2K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns AQMS

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

No holder of 5% or more has filed about this company in that window.

Latest filings below 5%: Baird Robert W & Co Inc 0% (February 6, 2026).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

6 insiders reported holding 572,123 shares in total, about $1.5M at the last price.

HolderSharesAs of
Cotton StephenChief Executive Officer, Director 318,784 August 24, 2026
West EricChief Financial Officer 100,476 August 24, 2026
Taecker Benjamin S.Chief Eng and Opr Officer 87,274 August 24, 2026
Divito Vincent LDirector 26,402 August 24, 2026
Gangloff Eric JohnDirector 22,347 August 24, 2026
Henderson Steven KDirector 16,840 August 24, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about AQMS

What does Aqua Metals, Inc. do?

Aqua Metals, Inc. is registered with the SEC under industry code SIC 3341 (Secondary Smelting & Refining of Nonferrous Metals). Its shares trade on NASDAQ under the ticker AQMS.

Is Aqua Metals, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $16M.

When did Aqua Metals, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on July 30, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the other event from September 8, 2026.

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Where the numbers come from

Financial figures are the values Aqua Metals, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.