State Ledger
Company profile

Aqua Metals, Inc. CIK 1621832

Ticker
AQMS (Nasdaq)
Industry
Secondary Smelting & Refining of Nonferrous Metals
Headquarters
Mccarran, NV 89437
Fiscal year end
2025 (FY)
Market Data
Close
$1.99
Change
-$0.01
Change %
-0.50%
Volume
3,758

AQMS · trading date Oct 12, 2026 · previous close $2.00 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
—
Net income
-$22.65M
Total assets
$19.71M
Total liabilities
$4.94M
Stockholders' equity
$14.77M
Cash & equivalents
$10.81M
Operating income
-$23.33M
Operating cash flow
-$10.25M
Capital expenditures
$425.0K

Fiscal year 2025, via 10-K filed 2026-03-31. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
—
Free cash flow
-$10.68M
Free cash flow margin
—
Liabilities / assets
25.0%
Equity / assets
75.0%
CapEx / revenue
—
Operating cash flow / net income
0.45×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 — -$22.65M $19.71M $4.94M $14.77M
2024 $0 -$24.56M $26.37M $10.12M $16.24M
2023 $25.0K -$23.94M $33.60M $7.54M $26.06M
2022 $4.0K -$15.43M $33.50M $12.59M $20.92M
2021 $173.0K -$18.19M $33.27M $5.74M $27.53M
Company Details
SIC code
3341
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form 8-K
2026-09-08
Financials filed via
Form 10-K
filed 2026-03-31

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Mccarran, NV 89437
2500 PERU DR.
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:38 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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