# Aqua Metals, Inc.: overview AQMS · Nasdaq · CIK 1621832 · [Materials](/sectors/materials.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/aqms.md) · [Financials](/companies/aqms/financials.md) · [Filings](/companies/aqms/filings.md) · [Insiders](/companies/aqms/insiders.md) Latest reported revenue: [$0](/filings/0001437749-25-026499.md) for Q1 FY2025, three months to 2025-03-31, from the 10-Q filed Aug 13, 2025 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001437749-25-026499). ## Last eight quarters | Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $k | [0.0](/filings/0001437749-24-035288.md) | [0.0 d](/filings/0001437749-25-010177.md) | [0.0](/filings/0001437749-25-026499.md) | not reported | not reported | not reported | not reported | not reported | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Free cash flow | $k | [(4,647) d](/filings/0001437749-25-034439.md) | [(2,464) d](/filings/0001437749-26-010705.md) | [(3,042)](/filings/0001437749-26-017038.md) | [(2,678) d](/filings/0001437749-26-025091.md) | [(2,349) d](/filings/0001437749-25-034439.md) | [(2,609) d](/filings/0001437749-26-010705.md) | [(3,844)](/filings/0001437749-26-017038.md) | [(2,630) d](/filings/0001437749-26-025091.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL not reported. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [0.2](/filings/0001437749-23-005964.md) | [0.0](/filings/0001437749-24-009870.md) | [0.0](/filings/0001437749-25-010177.md) | [0.0](/filings/0001437749-25-010177.md) | not reported | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [(10095.4%)](/filings/0001437749-23-005964.md) | [(389150.0%)](/filings/0001437749-24-009870.md) | [(97856.0%)](/filings/0001437749-25-010177.md) | not reported | not reported | | Net margin | % | [(10516.2%)](/filings/0001437749-23-005964.md) | [(385775.0%)](/filings/0001437749-24-009870.md) | [(95752.0%)](/filings/0001437749-25-010177.md) | not reported | not reported | | Diluted EPS | $ per share | [(0.26)](/filings/0001437749-22-004317.md) | not reported | not reported | not reported | not reported | | Free cash flow | $m | [(9.4)](/filings/0001437749-23-005964.md) | [(14.9)](/filings/0001437749-24-009870.md) | [(8.8)](/filings/0001437749-25-010177.md) | [(21.6)](/filings/0001437749-26-010705.md) | [(10.7)](/filings/0001437749-26-010705.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/aqms/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [STIFEL FINANCIAL CORP](/funds/720672.md) | 2026-06-30 | $296.6k | 102,642 | | Added +20,826 | | [HAMILTON CAPITAL PARTNERS, LLC](/funds/2037578.md) | 2026-06-30 | $179.8k | 62,204 | | New +62,204 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $99.4k | 34,410 | | Reduced −6,783 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $84.4k | 29,215 | | Unchanged | | [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $45.0k | 15,587 | | Unchanged | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $14.0k | 4,849 | | Unchanged | | [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $5.0k | 1,739 | | Added +1,248 | | [Arax Advisory Partners](/funds/1586767.md) | 2026-06-30 | $3.7k | 1,295 | | Reduced −45 | | [WELLS FARGO & COMPANY/MN](/funds/72971.md) | 2026-06-30 | $1.4k | 500 | | Unchanged | | [NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO](/funds/1141802.md) | 2026-06-30 | $902 | 312 | | Unchanged | ## Recent filings [All 751 filings](/companies/aqms/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-09-08 | 20:04 ET | [8-K](/filings/0001437749-26-029824.md) | 8.01 Other events | 0001437749-26-029824 | | 2026-08-21 | 20:10 ET | [8-K](/filings/0001437749-26-028733.md) | 5.07 Shareholder vote results | 0001437749-26-028733 | | 2026-07-30 | 20:48 ET | [10-Q](/filings/0001437749-26-025091.md) | Quarterly report, period 2026-06-30 | 0001437749-26-025091 | | 2026-07-30 | 20:44 ET | [8-K](/filings/0001437749-26-025088.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-025088 | | 2026-07-08 | 21:02 ET | [DEF 14A](/filings/0001437749-26-023053.md) | Proxy statement, period 2026-08-18 | 0001437749-26-023053 | | 2026-05-14 | 20:06 ET | [8-K](/filings/0001437749-26-017044.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-017044 | | 2026-05-14 | 20:03 ET | [10-Q](/filings/0001437749-26-017038.md) | Quarterly report, period 2026-03-31 | 0001437749-26-017038 | | 2026-04-30 | 20:12 ET | [10-K/A](/filings/0001437749-26-014205.md) | Annual report, amended, period 2025-12-31 | 0001437749-26-014205 | | 2026-03-31 | 20:52 ET | [8-K](/filings/0001437749-26-010716.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-010716 | | 2026-03-31 | 20:43 ET | [10-K](/filings/0001437749-26-010705.md) | Annual report, period 2025-12-31 | 0001437749-26-010705 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-010705.md), filed Mar 31, 2026. ## Forecast league Not in this season’s league. [This season’s league](/leagues.md) ## About the filer - CIK: 1621832 - Tickers: AQMS - Exchange: Nasdaq - SIC code: 3341 Secondary Smelting & Refining of Nonferrous Metals - State of incorporation: DE - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:44 ET. No prices; not investment advice.