Aqua Metals, Inc. (AQMS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 11.1M | 13.4M | 3.97M | 2.37M | 2.22M | 4.64M | 4.16M | 9.31M | 10.08M | 18.3M | 26.74M | 7.11M | 19.19M | 23.21M | 26.7M | 24.13M | 12.07M | 12.44M | 16.59M | 17.16M |
| Cash & Short-Term Investments | 6.82M | 10.81M | 3.59M | 1.93M | 1.59M | 4.08M | 2.95M | 7.83M | 8.29M | 16.52M | 25.6M | 6.2M | 3.35M | 7.08M | 9.29M | 6.42M | 9.04M | 8.14M | 11.7M | 10.7M |
| Cash Only | 6.82M | 10.81M | 3.59M | 1.93M | 1.59M | 4.08M | 2.95M | 7.83M | 8.29M | 16.52M | 25.6M | 6.2M | 3.35M | 7.08M | 9.29M | 6.42M | 9.04M | 8.14M | 11.7M | 10.7M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.72M | 2.07M | 0 | 0 | 128K | 100K | 486K | 400K | 450K | 667K | 76K | 104K | 15.24M | 15.54M | 15.9M | 16.27M | 1.45M | 1.19M | 1.07M | 1.07M |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | 331.2 | - | - | - | - | 201.62K | - | 600.92 | - | - |
| Inventory | 244K | 244K | 244K | 245K | 245K | 251K | 330K | 908K | 1.04M | 929K | 891K | 631K | 302K | 278K | 28K | 28K | 45K | 123K | 333K | 662K |
| Days Inventory Outstanding | 43.83 | 67.82 | 39.05 | 28.73 | 30.83 | 26.33 | 35.22 | 37.35 | 40.56 | 42.58 | 39.55 | 28.66 | 24.51 | 15.09 | 3.09 | 3.17 | 7.61 | 13.11 | 27.41 | 37.31 |
| Other Current Assets | 313K | 282K | 137K | 0 | 257K | 214K | 250K | 174K | 296K | 181K | 172K | 0 | 286K | 47K | 1.48M | 1.1M | 1.1M | 2.63M | 3.18M | 4.34M |
| Total Non-Current Assets | 6.02M | 6.3M | 6.54M | 6.88M | 15.85M | 21.72M | 24.32M | 24.34M | 21.37M | 15.3M | 15.24M | 14.77M | 14.77M | 10.29M | 8.26M | 6.75M | 21.51M | 20.83M | 20.73M | 20.97M |
| Property, Plant & Equipment | 5.94M | 5.76M | 5.91M | 5.41M | 11.59M | 17.02M | 17.21M | 17.67M | 14.81M | 10.57M | 12.39M | 12.29M | 11.89M | 7.81M | 4.63M | 3.31M | 2.78M | 2.88M | 2.5M | 1.93M |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | 0.00x | - | - | - | - | 0.00x | - | 0.06x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 61K | 76K | 93K | 110K | 128K | 146K | 164K | 191K | 236K | 281K | 326K | 371K | 416K | 461K | 505K | 550K | 595K | 640K | 685K | 730K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 1.5M | 1.5M | 1.5M |
| Other Non-Current Assets | 20K | 462K | 533K | 1.36M | 4.13M | 4.56M | 6.94M | 6.49M | 6.32M | 4.45M | 532K | 105K | 463K | 26K | 1.13M | 893K | 16.13M | 15.81M | 16.05M | 16.81M |
| Total Assets | 17.12M | 19.71M | 10.5M | 9.24M | 18.07M | 26.36M | 28.48M | 33.66M | 31.45M | 33.6M | 41.98M | 21.88M | 33.96M | 33.5M | 34.96M | 30.89M | 33.57M | 33.27M | 37.33M | 38.13M |
| Asset Turnover | - | - | - | - | - | - | - | - | - | - | 0.00x | - | - | - | - | 0.00x | - | 0.00x | - | - |
| Asset Growth % | -5.23% | -25.26% | -63.12% | -72.54% | -42.55% | -21.53% | -32.15% | 53.82% | -7.4% | 0.29% | 20.08% | -29.15% | 1.16% | 0.7% | -6.34% | -19% | -19.23% | -5.32% | -33.28% | -33.83% |
| Total Current Liabilities | 3.62M | 4.43M | 3.46M | 3.63M | 7.16M | 8.18M | 7.07M | 7.85M | 8.45M | 4.61M | 3.59M | 3.11M | 11.79M | 12.31M | 11.17M | 3.52M | 4.2M | 4.08M | 6.27M | 6.42M |
| Accounts Payable | 839K | 547K | 718K | 905K | 788K | 1.23M | 1.48M | 1.68M | 2M | 1.84M | 987K | 776K | 770K | 1.07M | 867K | 898K | 1.02M | 685K | 1.06M | 1.24M |
| Days Payables Outstanding | 124.49 | 175.8 | 129.61 | 99.27 | 125.24 | 122.55 | 89.78 | 70.48 | 78.95 | 66.05 | 45.82 | 47.5 | 77.96 | 95.75 | 97.47 | 83.49 | 77.41 | 50.26 | 63.33 | 62.42 |
| Short-Term Debt | 321K | 0 | 0 | 0 | 3.27M | 3.54M | 2.99M | 2.98M | 2.97M | 35K | 34K | 34K | 5.95M | 5.9M | 6.19M | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.78M | 0 | 0 | 560K | 0 | 0 | 674K | 0 | 0 | 0 | 0 | 560K | 3.25M | 4.61M | 2.69M | 0 | 0 | 0 | 3.65M | 0 |
| Current Ratio | 3.07x | 3.03x | 1.15x | 0.65x | 0.31x | 0.57x | 0.59x | 1.19x | 1.19x | 3.97x | 7.45x | 2.29x | 1.63x | 1.89x | 2.39x | 6.86x | 2.88x | 3.05x | 2.65x | 2.67x |
| Quick Ratio | 3.00x | 2.97x | 1.08x | 0.58x | 0.28x | 0.54x | 0.54x | 1.07x | 1.07x | 3.77x | 7.20x | 2.08x | 1.60x | 1.86x | 2.39x | 6.85x | 2.86x | 3.02x | 2.59x | 2.57x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | 324.94 | - | - | - | - | 201.54K | - | 563.78 | - | - |
| Total Non-Current Liabilities | 377K | 508K | 523K | 493K | 1.37M | 1.94M | 520K | 593K | 143K | 2.92M | 2.95M | 3.03M | 3.1M | 275K | 350K | 1.68M | 1.76M | 1.66M | 269K | 17K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.92M | 2.92M | 2.91M | 2.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 197K | 281K | 285K | 327K | 368K | 446K | 520K | 593K | 143K | 0 | 38K | 118K | 197K | 275K | 350K | 434K | 508K | 330K | 269K | 17K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 180K | 227K | 238K | 166K | 1M | 1.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.25M | 1.25M | 1.33M | 0 | 0 |
| Total Liabilities | 3.99M | 4.94M | 3.98M | 4.13M | 8.53M | 10.12M | 7.58M | 8.45M | 8.59M | 7.54M | 6.54M | 6.14M | 14.88M | 12.59M | 11.52M | 5.2M | 5.95M | 5.74M | 6.54M | 6.43M |
| Total Debt | 518K | 592K | 520K | 593K | 3.93M | 4.27M | 3.79M | 3.86M | 3.37M | 3.23M | 3.3M | 3.38M | 9.36M | 6.48M | 6.84M | 722K | 790K | 718K | 770K | 562K |
| Net Debt | -6.3M | -10.22M | -3.07M | -1.34M | 2.34M | 192K | 844K | -3.97M | -4.93M | -13.29M | -22.3M | -2.82M | 6M | -601K | -2.45M | -5.7M | -8.25M | -7.42M | -10.93M | -10.14M |
| Debt / Equity | 0.04x | 0.04x | 0.08x | 0.12x | 0.41x | 0.26x | 0.18x | 0.15x | 0.15x | 0.12x | 0.09x | 0.21x | 0.49x | 0.31x | 0.29x | 0.03x | 0.03x | 0.03x | 0.03x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -517.50x | -633.14x | -259.08x | -26.62x | -19.63x | -13.46x | -61.77x | -72.18x | -53.26x | -96.34x | -51.26x | -17.66x | -25.17x | -37.54x | -430.67x | -262.83x | - | -783.17x | -276.20x | -2003.00x |
| Total Equity | 13.13M | 14.77M | 6.52M | 5.12M | 9.53M | 16.24M | 20.9M | 25.21M | 22.85M | 26.06M | 35.44M | 15.74M | 19.08M | 20.92M | 23.44M | 25.68M | 27.62M | 27.53M | 30.79M | 31.7M |
| Equity Growth % | 37.72% | -9.07% | -68.79% | -79.7% | -58.29% | -37.68% | -41.03% | 60.14% | 19.79% | 24.61% | 51.17% | -38.7% | -30.93% | -24.03% | -23.86% | -18.97% | -25.84% | -11.58% | -25.63% | -25.8% |
| Book Value per Share | 4.06 | 9.88 | 4.57 | 5.62 | 11.77 | 22.67 | 30.66 | 40.73 | 41.53 | 48.08 | 69.75 | 37.40 | 46.94 | 53.20 | 60.57 | 68.29 | 76.79 | 73.09 | 88.46 | 93.02 |
| Total Shareholders' Equity | 13.13M | 14.77M | 6.52M | 5.12M | 9.53M | 16.24M | 20.9M | 25.21M | 22.85M | 26.06M | 35.44M | 15.74M | 19.08M | 20.92M | 23.44M | 25.68M | 27.62M | 27.53M | 30.79M | 31.7M |
| Common Stock | 3K | 3K | 2K | 1K | 8K | 8K | 7K | 134K | 113K | 108K | 108K | 84K | 83K | 79K | 78K | 76K | 75K | 70K | 70K | 69K |
| Retained Earnings | -274.37M | -270.42M | -265.98M | -262.86M | -256.08M | -247.77M | -240.33M | -235.12M | -228.97M | -223.22M | -213.19M | -208.64M | -203.88M | -199.28M | -195.31M | -191.42M | -188.26M | -183.85M | -179.14M | -177.75M |
| Treasury Stock | -32K | -29K | -31K | -67K | -67K | -192K | -192K | -360K | -360K | -516K | -516K | -577K | -577K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |