Aqua Metals, Inc. (AQMS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2500 PERU DR. MCCARRAN, NV 89437 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3341 - Secondary Smelting and Refining of Nonferrous Metals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 16,522 | 7,082 | 8,137 | 6,533 | 7,600 | 20,892 | |||
| Cash and cash equivalent | 16,522 | 7,082 | 8,137 | 6,533 | 7,600 | 20,892 | |||
| Receivables | 667 | 12 | 269 | 32 | 17,690 | 725 | |||
| Inventory, net of allowances, customer advances and progress billings | 929 | 278 | 123 | 1,091 | 1,257 | 765 | |||
| Inventory | 929 | 278 | 123 | 1,091 | 1,257 | 765 | |||
| Asset, held-for-sale, not part of disposal group | 47 | 2,633 | |||||||
| Other undisclosed current assets | 181 | 15,790 | 1,276 | 702 | 956 | 370 | |||
| Total current assets: | 18,299 | 23,209 | 12,438 | 8,358 | 27,503 | 22,752 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 10,347 | 7,343 | 2,367 | 24,883 | 37,643 | 45,548 | |||
| Long-term investments and receivables | 2,000 | 1,500 | |||||||
| Long-term investments | 2,000 | 1,500 | |||||||
| Intangible assets, net (including goodwill) | 281 | 461 | 640 | 819 | 999 | 1,271 | |||
| Intangible assets, net (excluding goodwill) | 281 | 461 | 640 | 819 | 999 | 1,271 | |||
| Other noncurrent assets | 4,673 | 489 | 796 | 1,078 | 3,309 | 1,800 | |||
| Other undisclosed noncurrent assets | 15,528 | ||||||||
| Total noncurrent assets: | 15,301 | 10,293 | 20,831 | 26,780 | 41,951 | 48,619 | |||
| TOTAL ASSETS: | 33,600 | 33,502 | 33,269 | 35,138 | 69,454 | 71,371 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,303 | 2,855 | 3,690 | 2,805 | 8,962 | 7,284 | |||
| Accounts payable | 1,836 | 1,075 | 685 | 1,552 | 4,829 | 2,088 | |||
| Accrued liabilities | 2,467 | 1,780 | 3,005 | 1,253 | 4,133 | 5,196 | |||
| Debt | 35 | 5,899 | 35 | 848 | 311 | ||||
| Restructuring reserve | 121 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8 | ||
| Other undisclosed current liabilities | 275 | 3,557 | 388 | 614 | 4,075 | ||||
| Total current liabilities: | 4,613 | 12,311 | 4,078 | 3,454 | 9,810 | 11,799 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,923 | 323 | 9,265 | 8,600 | |||||
| Long-term debt, excluding current maturities | 2,923 | 303 | 8,404 | 8,600 | |||||
| Finance lease, liability | 20 | 25 | ✕ | ||||||
| Liabilities, other than long-term debt | 790 | 882 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 27 | ||
| Asset retirement obligations | 790 | 745 | |||||||
| Restructuring reserve | 110 | ||||||||
| Operating lease, liability | 836 | ✕ | |||||||
| Derivative instruments and hedges, liabilities | |||||||||
| Other undisclosed noncurrent liabilities | 275 | 1,658 | 222 | ||||||
| Total noncurrent liabilities: | 2,923 | 275 | 1,658 | 545 | 10,055 | 9,482 | |||
| Total liabilities: | 7,536 | 12,586 | 5,736 | 3,999 | 19,865 | 21,281 | |||
| Equity | |||||||||
| Equity, attributable to parent | 26,064 | 20,916 | 27,533 | 31,139 | 49,589 | 50,090 | |||
| Common stock | 108 | 79 | 70 | 64 | 58 | 39 | |||
| Treasury stock, value | (516) | ||||||||
| Additional paid in capital | 249,687 | 220,114 | 211,309 | 196,728 | 189,422 | 145,147 | |||
| Accumulated deficit | (223,215) | (199,277) | (183,846) | (165,653) | (139,891) | (95,096) | |||
| Total equity: | 26,064 | 20,916 | 27,533 | 31,139 | 49,589 | 50,090 | |||
| TOTAL LIABILITIES AND EQUITY: | 33,600 | 33,502 | 33,269 | 35,138 | 69,454 | 71,371 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 25 | 85 | 509 | 433 | 4,874 | 4,449 | ||
| Sales-type lease, interest income | 24 | ✕ | ||||||
| Sublease income | 85 | 509 | 433 | ✕ | ||||
| Cost of revenue | (6,282) | (3,959) | (7,017) | (5,476) | (24,799) | (22,761) | ||
| Cost of product and service sold | (6,282) | (3,959) | (7,017) | (5,476) | (24,799) | (22,761) | ||
| Gross profit: | (6,257) | (3,874) | (6,508) | (5,043) | (19,925) | (18,312) | ||
| Operating expenses | (18,230) | (11,628) | (10,621) | (10,025) | (20,869) | (41,477) | ||
| Other undisclosed operating income (loss) | 23 | (81) | (336) | (325) | 22,761 | |||
| Operating loss: | (24,464) | (15,583) | (17,465) | (15,393) | (40,794) | (37,028) | ||
| Nonoperating income (expense) | 526 | 154 | (726) | (10,367) | (3,999) | (3,224) | ||
| Loss from catastrophes | (792) | |||||||
| Interest and debt expense | (621) | (125) | 332 | (1,620) | (3,477) | (3,447) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,620 | 3,477 | 3,447 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (24,559) | (15,554) | (17,859) | (25,760) | (44,793) | (40,252) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 621 | 125 | (332) | |||||
| Loss from continuing operations before income taxes: | (23,938) | (15,429) | (18,191) | (25,760) | (44,793) | (40,252) | ||
| Income tax expense | (2) | (2) | (2) | (2) | (2) | (2) | ||
| Loss from continuing operations: | (23,940) | (15,431) | (18,193) | (25,762) | (44,795) | (40,254) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (18,193) | (25,762) | (44,795) | (40,254) | |
| Net loss: | (23,940) | (15,431) | (18,193) | (25,762) | (44,795) | (40,254) | ||
| Other undisclosed net income attributable to parent | 2 | |||||||
| Net loss available to common stockholders, diluted: | (23,938) | (15,431) | (18,193) | (25,762) | (44,795) | (40,254) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (23,940) | (15,431) | (18,193) | (25,762) | (44,795) | (40,254) | ||
| Comprehensive loss, net of tax, attributable to parent: | (23,940) | (15,431) | (18,193) | (25,762) | (44,795) | (40,254) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.