Aqua Metals, Inc. (AQMS) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25K | 0 | 0 | 0 | 0 | 4K | 0 | 173K | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | -100% | - | - | - | - | -100% | - | -100% | - | - | - | - | -100% | - |
| Cost of Goods Sold | 501K | 331K | 576K | 776K | 724K | 1.01M | 1.62M | 2.37M | 2.21M | 1.97M | 1.77M | 1.48M | 1.06M | 933K | 833K | 1.05M | 994K | 1.6M | 1.67M | 2.14M |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | 7080% | - | - | - | - | 26200% | - | 924.86% | - | - |
| Gross Profit | -501K | -331K | -576K | -776K | -724K | -1.01M | -1.62M | -2.37M | -2.21M | -1.97M | -1.75M | -1.48M | -1.06M | -933K | -833K | -1.04M | -994K | -1.43M | -1.67M | -2.14M |
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | -6980% | - | - | - | - | -26100% | - | -824.86% | - | - |
| Gross Profit Growth % | 30.8% | 67.39% | 64.38% | 67.3% | 67.22% | 48.37% | 7.34% | -60.23% | -107.42% | -110.72% | -109.48% | -41.86% | -7.14% | 34.62% | 50.12% | 51.17% | 38.26% | -32.01% | -8.09% | -63.71% |
| Operating Expenses | 3.64M | 4.25M | 2.46M | 6.25M | 7.96M | 5.67M | 3.59M | 3.79M | 3.58M | 3.35M | 3.2M | 3.37M | 3.43M | 2.45M | 3.1M | 2.91M | 3.32M | 2.77M | 2.95M | 2.31M |
| OpEx % of Revenue | - | - | - | - | - | - | - | - | - | - | 12816% | - | - | - | - | 72775% | - | 1603.47% | - | - |
| Selling, General & Admin | 2.92M | 3.78M | 2.14M | 2.19M | 2.38M | 2.8M | 2.75M | 3.43M | 3M | 2.97M | 2.81M | 2.85M | 3.01M | 2.2M | 2.61M | 2.39M | 2.77M | 2.58M | 2.68M | 2.13M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | 11260% | - | - | - | - | 59750% | - | 1490.75% | - | - |
| Research & Development | 282K | 366K | 328K | 295K | 336K | 238K | 398K | 363K | 588K | 382K | 389K | 525K | 445K | 252K | 490K | 521K | 551K | 195K | 273K | 176K |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | 1556% | - | - | - | - | 13025% | - | 112.72% | - | - |
| Other Operating Expenses | 437K | 102K | 0 | 1000K | 1000K | 1000K | 448K | 0 | 0 | 0 | 0 | 0 | -20K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -4.14M | -4.58M | -3.04M | -7.03M | -8.68M | -6.68M | -5.21M | -6.16M | -5.79M | -5.32M | -4.95M | -4.86M | -4.5M | -3.38M | -3.93M | -3.96M | -4.31M | -4.2M | -4.62M | -4.44M |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | -19796% | - | - | - | - | -98875% | - | -2428.32% | - | - |
| Operating Income Growth % | 52.32% | 31.5% | 41.66% | -14.1% | -49.91% | -25.7% | -5.29% | -26.92% | -28.83% | -57.05% | -25.8% | -22.76% | -4.32% | 19.42% | 14.92% | 10.98% | -2.67% | -1.2% | -35.56% | -17.91% |
| EBITDA | -3.86M | -4.3M | -2.76M | -6.75M | -8.38M | -6.39M | -4.89M | -5.82M | -5.47M | -4.95M | -4.59M | -4.5M | -4.31M | -3.19M | -3.7M | -3.73M | -3.9M | -3.94M | -4.38M | -4.13M |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - | - | -18356% | - | - | - | - | -93175% | - | -2278.61% | - | - |
| EBITDA Growth % | 53.92% | 32.74% | 43.5% | -15.96% | -53.37% | -29.13% | -6.6% | -29.49% | -26.84% | -54.93% | -23.99% | -20.63% | -10.51% | 18.95% | 15.44% | 9.71% | -5.43% | -6.51% | -58.19% | -33.72% |
| D&A (Non-Cash Add-back) | 276K | 278K | 276K | 280K | 298K | 290K | 319K | 340K | 325K | 366K | 360K | 359K | 186K | 190K | 233K | 228K | 410K | 259K | 247K | 315K |
| EBIT | -4.14M | -4.43M | -3.11M | -6.52M | -7.91M | -4.05M | -5.13M | -6.06M | -5.65M | -9.92M | -4.46M | -4.5M | -4.43M | -3.87M | -3.88M | -3.15M | -4.41M | -4.7M | -1.38M | -8.01M |
| Net Interest Income | 141K | 101K | 16K | 252K | -123K | -254K | 1K | 15K | 40K | 141K | 402K | 93K | -110K | -7K | 44K | 50K | 52K | 39K | 305K | 20K |
| Interest Income | 149K | 108K | 28K | 497K | 280K | 47K | 84K | 99K | 146K | 244K | 489K | 348K | 66K | 96K | 53K | 62K | 52K | 45K | 310K | 24K |
| Interest Expense | 8K | 7K | 12K | 245K | 403K | 301K | 83K | 84K | 106K | 103K | 87K | 255K | 176K | 103K | 9K | 12K | 0 | 6K | 5K | 4K |
| Other Income/Expense | 188K | 137K | -81K | 263K | 368K | -761K | 1K | 15K | 40K | -4.71M | 402K | 96K | -110K | -585K | 49K | 789K | -98K | -504K | 3.24M | -3.57M |
| Pretax Income | -3.95M | -4.44M | -3.12M | -6.77M | -8.31M | -7.44M | -5.21M | -6.15M | -5.75M | -10.03M | -4.55M | -4.76M | -4.61M | -3.97M | -3.88M | -3.17M | -4.41M | -4.71M | -1.39M | -8.02M |
| Pretax Margin % | - | - | - | - | - | - | - | - | - | - | -18188% | - | - | - | - | -79150% | - | -2719.65% | - | - |
| Income Tax | 2K | 0 | 0 | 2K | 0 | 0 | 0 | 3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 0 | 0 | 0 |
| Effective Tax Rate % | -0.05% | 0% | 0% | -0.03% | 0% | 0% | 0% | -0.05% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -0.05% | 0% | 0% | 0% |
| Net Income | -3.95M | -4.44M | -3.12M | -6.77M | -8.31M | -7.44M | -5.21M | -6.15M | -5.75M | -10.03M | -4.55M | -4.76M | -4.61M | -3.97M | -3.88M | -3.17M | -4.41M | -4.71M | -1.39M | -8.02M |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | -18188% | - | - | - | - | -79150% | - | -2719.65% | - | - |
| Net Income Growth % | 52.45% | 40.35% | 40.1% | -10.08% | -44.56% | 25.76% | -14.58% | -29.23% | -24.88% | -152.54% | -17.04% | -50.32% | -4.44% | 15.62% | -180.3% | 60.5% | -7.93% | 69.67% | 24.55% | -101.26% |
| Net Income (Continuing) | -3.95M | -4.44M | -3.12M | -6.77M | -8.31M | -7.44M | -5.21M | -6.15M | -5.75M | -10.03M | -4.55M | -4.76M | -4.61M | -3.97M | -3.88M | -3.17M | -4.41M | -4.71M | -1.39M | -8.02M |
| Discontinued Operations | 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 |
| EPS (Diluted) | -1.22 | -2.97 | -2.19 | -7.44 | -10.27 | -10.40 | -7.64 | -9.94 | -10.45 | -18.50 | -8.95 | -11.30 | -11.30 | -10.10 | -10.00 | -8.40 | -12.30 | -12.50 | -4.00 | -23.50 |
| EPS Growth % | 88.12% | 71.44% | 71.34% | 25.15% | 1.72% | 43.78% | 14.64% | 12.04% | 7.52% | -83.17% | 10.5% | -34.52% | 8.13% | 19.2% | -150% | 64.26% | -0.82% | 74.75% | 33.33% | -78.03% |
| EPS (Basic) | -1.22 | -2.97 | -2.19 | -7.44 | -10.30 | -10.40 | -7.64 | -9.94 | -10.45 | -18.50 | -8.95 | -11.30 | -11.30 | -10.10 | -10.00 | -8.40 | -12.30 | -12.50 | -4.00 | -23.50 |
| Diluted Shares Outstanding | 3.24M | 1.49M | 1.43M | 910.13K | 809.57K | 716.39K | 681.62K | 618.97K | 550.27K | 542.08K | 508.09K | 420.92K | 406.43K | 393.15K | 387.01K | 376.07K | 359.64K | 376.7K | 348.05K | 340.76K |
| Basic Shares Outstanding | 3.24M | 1.49M | 1.43M | 910.13K | 807.28K | 716.39K | 681.62K | 618.97K | 550.27K | 542.08K | 508.09K | 420.93K | 406.43K | 393.15K | 387.01K | 376.07K | 359.64K | 376.7K | 348.05K | 340.76K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |