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