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Aqua Metals(NASDAQ) AQMS

Current Price$2.89
Market Cap$9.99MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2015)-100%
5 Year-99%
1 Year-54%
1 Month-15%
Aqua Metals last closing stock price
MetricPriceDate
Last closeUSD 2.812026-07-20
Aqua Metals stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+7.66%USD 2.612026-07-13
1 month-14.59%USD 3.292026-06-18
3 month-35.99%USD 4.392026-04-21
Year to date-41.46%USD 4.802025-12-31
1 year-54.29%USD 6.152025-07-18
3 year-98.97%USD 272.002023-07-21
5 year-99.42%USD 484.002021-07-21
Since inception-99.74%USD 1,070.002015-07-31

Aqua Metals Financials at a Glance

Market Cap

$9.99MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$0.00

Net Income (TTM)

-$18.29M

EPS (TTM)

-$79.28

P/E Ratio

-0.04

Dividend

$0.00

Beta (Volatility)

1.20 (Average)

Price

$2.89

Volume

15,342.31

Open

$2.86

Previous Close

$2.81

Daily Range

$2.71 - $2.90

52-Week Range

$2.51 - $39.40

Estimated Earnings Date

Aug 14, 2026

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About Aqua Metals

Aqua Metals recycles metals from used batteries, helping reduce waste. Its technology recovers materials like lead and lithium for new batteries. This benefits battery makers and industries needing sustainable raw materials.

Products and Services

  • Recycled lead products: Hard lead, lead compounds, and plastics for battery and manufacturing industries (historically; 100% of revenue before 2020).
  • Lithium-ion battery recycling: Recovery of lithium carbonate, nickel, cobalt, copper, and manganese for battery supply chains (pilot stage; 0% of 2025 revenue).
  • AquaRefining process: Proprietary, electricity-powered recycling method for extracting high-purity metals from batteries.
  • PureMetrics software: Platform for monitoring production and operational data at recycling facilities.

Growth and Expansion

  • Shifted focus in 2025 to lithium-ion battery recycling and new materials.
  • Sold Tahoe-Reno Industrial Center facility in 2025 to reallocate capital.
  • Entered MOUs with Impossible Metals and MOBY Robotics in 2025 for deep-sea mineral recovery research.
  • Signed non-binding term sheet in February 2026 to acquire Lion Energy, expanding into energy storage and battery cell production.

What Makes Aqua Metals Stand Out

Aqua Metals uses a closed-loop, electricity-powered process instead of traditional smelting. Its modular technology allows flexible, scalable recycling operations. The company holds several patents and focuses on reducing waste and emissions.

Five Things You Need to Know

  • No commercial revenue in 2025 or 2024; $25,000 in 2023 (down 100% over two years).
  • Net loss was $22.6 million in 2025, improving 8% from 2024.
  • Operating expenses fell 2% to $23.3 million in 2025.
  • Cash and cash equivalents rose to $10.8 million at year-end 2025.
  • Company had 11 employees and no outstanding debt as of December 2025.

Bottom Line

Aqua Metals has shifted from lead recycling to lithium-ion battery materials. The company remains in pilot stages, focusing on technology development and capital management.

AI Generated • Apr 16, 2026

Industry

Commercial Services and Supplies

Employees

11

CEO

Stephen D. Cotton

Headquarters

Reno, NV 89511, US

AQMS Financials

Key Financial Metrics (TTM)

Gross Margin

0.00%

Operating Margin

0.00%

Net Income Margin

0.00%

Return on Equity

-185.00%

Return on Capital

-151.87%

Return on Assets

-106.80%

Earnings Yield

-25.00%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$9.99MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

3.55M

Volume

15.34K

Avg. Volume

99.68K

Financials (TTM)

Gross Profit

-$2.18M

Operating Income

-$18.79M

EBITDA

-$16.90M

Operating Cash Flow

-$11.34M

Capital Expenditure

-$367.00K

Free Cash Flow

-$11.71M

Cash & ST Invst.

$6.82M

Total Debt

$518.00K

Aqua Metals Performance Analysis

Aqua Metals annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 4,000-97.7%
20232023-12-31USD 25,000525.0%
20242024-12-31USD 0N/A
20252025-12-31USD 0N/A
Aqua Metals sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30N/A
Q32025-09-30N/A
Q42025-12-31N/A
Q12026-03-31N/A
Aqua Metals annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -40.71-21.7%
20232023-12-31USD -50.9725.2%
20242024-12-31USD -38.25-25.0%
20252025-12-31USD -15.15-60.4%
Aqua Metals sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3027.6%
Q32025-09-3070.6%
Q42025-12-31-35.6%
Q12026-03-3158.9%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$0.00

N/A

Gross Profit

-$501.00K

+30.8%

Gross Margin

0.00%

N/A

Market Cap

$9.99MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$908.12K

N/A

Employees

11

N/A

Net Income

-$3.95M

+52.4%

EBITDA

-$3.67M

+51.8%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$6.82M

+328.9%

Total Debt

$518.00K

-86.8%

Accounts Receivable

$3.72M

+2808.6%

Inventory

$244.00K

-0.4%

Long Term Debt

$197.00K

-46.5%

Short Term Debt

$321.00K

-91.0%

Return on Assets

-1.07%

N/A

Return on Invested Capital

-1.39%

N/A

Free Cash Flow

-$3.84M

-19.1%

Operating Cash Flow

-$3.84M

-39.6%

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Questions About AQMS

What is the current price of Aqua Metals?

Aqua Metals is trading at $2.88 per share.

What is the 52-week range for Aqua Metals?

Over the past 52 weeks, Aqua Metals has traded between $2.51 and $39.40.

How much debt does Aqua Metals have?

As of the most recent reporting period, Aqua Metals reported total debt of $518.00K.

How much cash does Aqua Metals have on hand?

Aqua Metals reported $6.82M in cash and cash equivalents in its most recent financial results.

What is Aqua Metals’s dividend yield?

Aqua Metals does not currently have a dividend yield.

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