Saturday 17 October 2026
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Aqua Metals, Inc.
AQMS Industrials Waste Management
Aqua Metals, Inc.’s revenue for fiscal 2023 (year ended December 2023) was $25,000.00, up 525.0% from fiscal 2022. In the quarter to June 2026, EPS grew 82.4% and free cash flow fell 257.6%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
1.70
0.01
+0.59%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | — | 4 | 3 | 4 | 3 | 4 | — | — |
P/E ratio |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
P/S ratio |
— | 0.00 | 13.97 | 8.10 | 59.63 | 98.51 | 305.94 | 244.18 | — | — |
Altman Z-Score |
— | (0.08) | (1.58) | (3.19) | 19.52 | (0.16) | (4.95) | (5.53) | — | — |
Altman Z″-Score (non-manufacturers) |
— | 1.28 | (4.35) | (6.22) | (9.22) | (14.85) | (18.63) | (20.25) | — | — |
P/FCF ratio |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
P/Operating CF |
— | (8.51) | (8.97) | (5.99) | (89.63) | (26.02) | (59.07) | (13.17) | — | — |
P/B ratio |
— | 0.82 | 1.24 | 0.80 | 5.86 | 3.13 | 4.17 | 2.74 | — | — |
Price to Tangible BV |
— | 0.84 | 1.27 | 0.81 | 6.02 | 3.20 | 4.26 | 2.77 | — | — |
EV/Sales |
— | 0.00 | 12.13 | 9.10 | 58.92 | 94.24 | 296.35 | 211.56 | — | — |
EV/EBITDA |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
EV/Operating CF |
— | (2.17) | (2.05) | (1.76) | (16.36) | (11.66) | (8.32) | (19.35) | — | — |
EV/FCF |
— | (1.45) | (1.80) | (1.17) | (12.68) | (9.01) | (6.42) | (7.08) | — | — |
Quick Ratio |
6.59 | 6.18 | 1.83 | 2.58 | 1.90 | 2.29 | 1.84 | 3.60 | 0.50 | 2.44 |
Current Ratio |
6.79 | 6.70 | 1.93 | 2.80 | 2.42 | 3.05 | 1.89 | 3.97 | 0.57 | 3.03 |
Net Debt/EBITDA |
1.39 | 0.57 | 0.26 | (0.02) | 0.51 | 0.48 | 0.47 | 0.59 | 0.18 | 0.49 |
Debt/Assets |
13.77% | 14.21% | 17.76% | 12.10% | 0.86% | 0.99% | 0.82% | 8.70% | 0.00% | 0.00% |
Debt/Equity |
0.17 | 0.18 | 0.25 | 0.17 | 0.01 | 0.01 | 0.01 | 0.11 | 0.00 | 0.00 |
Asset Turnover |
0.00 | 0.03 | 0.06 | 0.07 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Operating CF/Net income |
0.82 | 0.71 | 0.65 | 0.56 | 0.43 | 0.39 | 0.66 | 0.13 | 0.56 | 0.45 |
Capex/Depreciation |
(31.53) | (2.68) | (0.68) | (3.06) | (1.05) | (1.57) | (2.80) | (3.95) | (5.86) | 2.70 |
Interest Coverage |
(20.28) | (14.12) | (10.74) | (11.73) | (9.50) | (831.67) | (124.53) | (39.39) | (41.55) | (34.98) |
| (29.91%) | (45.85%) | (73.82%) | (89.88%) | (63.82%) | (62.02%) | (63.70%) | (101.91%) | (116.08%) | (146.04%) | |
| (22.82%) | (36.42%) | (55.21%) | (63.62%) | (49.26%) | (53.19%) | (46.22%) | (71.35%) | (81.90%) | (98.31%) | |
ROIC |
(20.12%) | (33.23%) | (55.27%) | (50.57%) | (38.62%) | (55.34%) | (68.95%) | (122.66%) | (122.52%) | (368.23%) |
Return on Tangible Assets |
(20.94%) | (39.33%) | (71.24%) | (80.95%) | (86.49%) | (169.60%) | (84.60%) | (99.60%) | (189.83%) | (153.64%) |
Average Days of Receivables |
— | 154.18 | 59.48 | 1,324.75 | 108.15 | 2,508.58 | 1,417,933.75 | 978.20 | — | — |
Research and Development Expense of Revenue |
0.00% | 388.07% | 101.19% | 31.90% | 950.93% | 539.31% | 45,325.00% | 6,964.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 330.03% | 319.49% | 396.27% | 8,331.48% | 5,600.00% | 245,375.00% | 46,552.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 51.77% | 26.99% | 86.29% | 3,307.41% | 1,272.25% | 56,375.00% | 10,136.00% | 0.00% | 0.00% |
Graham Net Nets |
— | 0.21 | 0.02 | 0.19 | 0.02 | 0.08 | 0.12 | 0.15 | — | — |
Graham Number |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
Earnings Yield |
— | (55.04%) | (65.38%) | (116.56%) | (14.00%) | (21.14%) | (17.39%) | (34.26%) | — | — |
Free Cash Flow Yield |
— | (58.85%) | (48.27%) | (96.26%) | (7.79%) | (10.61%) | (15.09%) | (12.23%) | — | — |
Revenue per Share |
0.00 | 20.57 | 26.05 | 18.65 | 0.35 | 0.49 | 0.01 | 0.05 | 0.00 | 0.00 |
Operating CF per Share |
(145.75) | (187.21) | (154.09) | (96.35) | (36.24) | (20.18) | (26.77) | (6.80) | (21.23) | (6.86) |
Capex per Share |
(384.74) | (92.91) | (21.62) | (48.99) | (10.52) | (5.93) | (7.94) | (11.77) | (12.30) | 2.65 |
Free Cash Flow per Share |
(530.50) | (280.12) | (175.71) | (145.35) | (46.76) | (26.11) | (34.71) | (18.57) | (33.54) | (4.21) |
Cash per Share |
348.39 | 224.56 | 122.32 | 28.99 | 21.47 | 23.25 | 18.68 | 35.18 | 6.35 | 7.23 |
Shareholders Equity per Share |
746.92 | 580.94 | 293.27 | 189.78 | 102.33 | 78.67 | 55.17 | 55.49 | 25.30 | 9.88 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
746.92 | 580.94 | 293.27 | 189.78 | 102.33 | 78.67 | 55.17 | 55.49 | 25.30 | 9.88 |
Free Cash Flow |
(40.48) | (28.43) | (30.01) | (37.98) | (14.23) | (9.14) | (13.16) | (8.72) | (21.53) | (6.30) |
Working Capital |
23.34 | 21.85 | 10.95 | 17.69 | 4.90 | 8.36 | 10.90 | 13.69 | (3.54) | 8.98 |
Capital Expenditures |
(29.36) | (9.43) | (3.69) | (12.80) | (3.20) | (2.07) | (3.01) | (5.53) | (7.90) | 3.96 |
Net Current Asset Value |
12.83 | 10.21 | 1.47 | 7.64 | 4.36 | 6.70 | 10.62 | 10.76 | (5.48) | 8.47 |
EV/EBIT |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
Capex to Sales |
0.00 | 4.52 | 0.83 | 2.63 | 29.64 | 11.99 | 752.75 | 221.12 | 0.00 | 0.00 |
Price to Operating Income |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.02 | 0.08 | 0.12 | 0.11 | 0.12 | 0.56 | 0.15 | 0.14 | 0.08 | 0.25 |
Cash ROIC |
(43.33%) | (30.79%) | (35.87%) | (57.92%) | (37.47%) | (25.38%) | (46.54%) | (19.16%) | (105.94%) | (24.61%) |
Accounts Receivable Turnover |
— | 2.60 | 5.54 | 0.53 | 0.01 | 0.28 | 0.00 | 0.00 | — | — |
Accounts Payable Turnover |
0.34 | 6.34 | 12.92 | 7.17 | 1.72 | 6.27 | 4.50 | 4.32 | 4.71 | 2.71 |
Inventory Turnover |
1.26 | 14.70 | 22.72 | 24.53 | 4.66 | 11.56 | 19.75 | 10.41 | 12.23 | 9.73 |
Average Days of Payables |
704.02 | 54.94 | 33.48 | 71.07 | 103.45 | 35.63 | 99.11 | 106.68 | 62.09 | 82.95 |
Days of Inventory on Hand |
26.42 | 47.40 | 12.27 | 18.50 | 72.72 | 6.40 | 25.63 | 53.98 | 12.70 | 37.00 |
Average Receivables |
— | 0.80 | 0.80 | 9.21 | 8.86 | 0.61 | 8.36 | 7.80 | — | — |
Average Payables |
2.38 | 1.50 | 1.76 | 3.46 | 3.19 | 1.12 | 0.88 | 1.46 | 1.53 | 0.89 |
Average Inventory |
0.65 | 0.65 | 1.00 | 1.01 | 1.17 | 0.61 | 0.20 | 0.60 | 0.59 | 0.25 |
Average Assets |
59.40 | 72.99 | 72.91 | 70.41 | 52.30 | 34.20 | 33.39 | 33.55 | 29.98 | 23.04 |
Average Common Equity |
45.33 | 57.98 | 54.53 | 49.84 | 40.36 | 29.34 | 24.22 | 23.49 | 21.15 | 15.51 |
Columns are period end dates · fundamentals updated 5 Oct 2026