Aquabounty Technologies Inc Financials
This page shows Aquabounty Technologies Inc (AQB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Aquabounty Technologies Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Aquabounty Technologies Inc generates $0.47 in operating cash flow (-$8.7M OCF vs -$18.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Aquabounty Technologies Inc earns $-19.5 in operating income for every $1 of interest expense (-$4.0M vs $206K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Aquabounty Technologies Inc's EBITDA was -$3.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 97.2% from the prior year.
Aquabounty Technologies Inc reported -$18.5M in net income in fiscal year 2025. This represents an increase of 87.6% from the prior year.
Aquabounty Technologies Inc earned $-4.77 per diluted share (EPS) in fiscal year 2025. This represents an increase of 87.7% from the prior year.
Cash & Balance Sheet
Aquabounty Technologies Inc generated -$11.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 30.5% from the prior year.
Aquabounty Technologies Inc held $501K in cash against $3.5M in long-term debt as of fiscal year 2025.
Aquabounty Technologies Inc had 5M shares outstanding in fiscal year 2025. This represents an increase of 33.1% from the prior year.
Margins & Returns
Capital Allocation
Aquabounty Technologies Inc invested $203K in research and development in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Aquabounty Technologies Inc invested $2.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.0% from the prior year.
AQB Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | $48K-73.5% | $180K-62.2% | $477K-13.7% | $553K |
| Cost of Revenue | N/A | N/A | N/A | N/A | $425K-74.1% | $1.6M-63.3% | $4.5M+16.7% | $3.8M |
| Gross Profit | N/A | N/A | N/A | N/A | -$377K+74.2% | -$1.5M+63.5% | -$4.0M-21.8% | -$3.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | $70K-8.4% | $77K+3.9% | $74K+256.6% | $21K |
| SG&A Expenses | $1.4M-20.2% | $1.8M+13.3% | $1.6M | N/A | $1.5M-52.1% | $3.1M+31.4% | $2.4M-41.9% | $4.1M |
| Operating Income | -$1.5M+55.1% | -$3.3M-161.4% | -$1.3M | N/A | -$1.6M+94.5% | -$29.6M-1069.9% | -$2.5M-147.4% | $5.3M |
| Interest Expense | N/A | $91K | $0 | N/A | $1.0M+4.3% | $963K+361.7% | $209K+92.8% | $108K |
| Income Tax | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
| Net Income | -$1.4M+59.1% | -$3.4M-940.9% | $401K | N/A | -$3.4M+93.3% | -$50.5M-352.7% | -$11.2M-32.4% | -$8.4M |
| EPS (Diluted) | $-0.36+58.6% | $-0.87-970.0% | $0.10 | N/A | $-0.88+93.3% | $-13.08-351.0% | $-2.90 | N/A |
AQB Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $24.2M-9.3% | $26.7M-9.5% | $29.4M-13.6% | $34.1M-71.1% | $117.8M-7.6% | $127.4M-27.7% | $176.2M-6.1% | $187.6M |
| Current Assets | $1.5M-62.6% | $3.9M-41.3% | $6.7M-40.7% | $11.3M-69.6% | $37.3M+1.6% | $36.7M+749.0% | $4.3M-86.0% | $31.0M |
| Cash & Equivalents | $951K+30.4% | $730K-46.6% | $1.4M+493.1% | $230K-54.0% | $500K-31.3% | $728K-71.9% | $2.6M-68.4% | $8.2M |
| Inventory | N/A | N/A | N/A | N/A | $466K+273.3% | $125K-73.5% | $472K-72.8% | $1.7M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.9M-8.5% | $13.0M+4.6% | $12.5M-31.6% | $18.2M+2.9% | $17.7M-26.5% | $24.1M+7.9% | $22.3M-0.9% | $22.5M |
| Current Liabilities | $11.9M-8.4% | $13.0M+4.7% | $12.4M-23.2% | $16.2M+30.8% | $12.4M-33.8% | $18.7M+11.3% | $16.8M+13.7% | $14.8M |
| Long-Term Debt | $7.9M-7.0% | $8.5M+678.5% | $1.1M-45.3% | $2.0M-62.3% | $5.3M+2.7% | $5.2M-2.6% | $5.3M+17.9% | $4.5M |
| Total Equity | $12.2M-10.1% | $13.6M-19.8% | $17.0M+7.1% | $15.8M-84.2% | $100.1M-3.2% | $103.3M-32.8% | $153.8M-6.8% | $165.0M |
| Retained Earnings | -$374.1M-0.4% | -$372.7M-0.9% | -$369.4M+0.1% | -$369.8M-29.4% | -$285.7M-1.2% | -$282.3M-21.8% | -$231.7M-5.1% | -$220.6M |
AQB Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M-6.7% | -$1.5M+34.4% | -$2.4M-111.9% | -$1.1M+72.2% | -$4.0M+7.4% | -$4.3M+2.0% | -$4.4M+23.5% | -$5.8M |
| Capital Expenditures | N/A | N/A | N/A | $256K-62.0% | $674K-22.9% | $874K-22.4% | $1.1M-57.2% | $2.6M |
| Free Cash Flow | N/A | N/A | N/A | -$1.4M+70.7% | -$4.7M+10.0% | -$5.2M+6.2% | -$5.5M+34.1% | -$8.4M |
| Investing Cash Flow | $2.5M+171.3% | $912K-75.5% | $3.7M+413.0% | $725K-91.7% | $8.7M+1298.7% | -$725K+35.6% | -$1.1M+57.2% | -$2.6M |
| Financing Cash Flow | -$600K | $0+100.0% | -$232K-286.7% | $124K+102.5% | -$4.9M-324.3% | $2.2M+3379.9% | -$67K+58.5% | -$161K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AQB Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | -789.0%+21.8pp | -810.8%+27.1pp | -837.9%-244.6pp | -593.3% |
| Operating Margin | N/A | N/A | N/A | N/A | -3380.5%+13025.1pp | -16405.6%-15876.2pp | -529.4%-1492.4pp | 963.0% |
| Net Margin | N/A | N/A | N/A | N/A | -7120.2%+20914.9pp | -28035.1%-25697.2pp | -2337.9%-815.1pp | -1522.8% |
| Return on Equity | -11.3%+13.5pp | -24.8%-27.1pp | 2.4% | N/A | -3.4%+45.5pp | -48.9%-41.6pp | -7.2%-2.1pp | -5.1% |
| Return on Assets | -5.7%+6.9pp | -12.7%-14.0pp | 1.4% | N/A | -2.9%+36.8pp | -39.6%-33.3pp | -6.3%-1.8pp | -4.5% |
| Current Ratio | 0.12-0.2 | 0.30-0.2 | 0.54-0.2 | 0.70-2.3 | 3.02+1.1 | 1.96+1.7 | 0.26-1.8 | 2.10 |
| Debt-to-Equity | 0.65+0.0 | 0.62+0.6 | 0.06-0.1 | 0.13+0.1 | 0.050.0 | 0.05+0.0 | 0.030.0 | 0.03 |
| FCF Margin | N/A | N/A | N/A | N/A | -9789.6%-6903.7pp | -2885.9%-1724.7pp | -1161.2%+358.2pp | -1519.4% |
Note: Shareholder equity is negative (-$1.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
Is Aquabounty Technologies Inc profitable?
No, Aquabounty Technologies Inc (AQB) reported a net income of -$18.5M in fiscal year 2025.
What is Aquabounty Technologies Inc's EBITDA?
Aquabounty Technologies Inc (AQB) had EBITDA of -$3.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Aquabounty Technologies Inc have?
As of fiscal year 2025, Aquabounty Technologies Inc (AQB) had $501K in cash and equivalents against $3.5M in long-term debt.
What is Aquabounty Technologies Inc's free cash flow?
Aquabounty Technologies Inc (AQB) generated -$11.7M in free cash flow during fiscal year 2025. This represents a 30.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Aquabounty Technologies Inc's operating cash flow?
Aquabounty Technologies Inc (AQB) generated -$8.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Aquabounty Technologies Inc's total assets?
Aquabounty Technologies Inc (AQB) had $10.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Aquabounty Technologies Inc's capital expenditures?
Aquabounty Technologies Inc (AQB) invested $2.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Aquabounty Technologies Inc spend on research and development?
Aquabounty Technologies Inc (AQB) invested $203K in research and development during fiscal year 2025.
What is Aquabounty Technologies Inc's current ratio?
Aquabounty Technologies Inc (AQB) had a current ratio of 1.18 as of fiscal year 2025, which is considered adequate.
What is Aquabounty Technologies Inc's debt-to-equity ratio?
Aquabounty Technologies Inc (AQB) had a debt-to-equity ratio of -1.84 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Aquabounty Technologies Inc's return on assets (ROA)?
Aquabounty Technologies Inc (AQB) had a return on assets of -178.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Aquabounty Technologies Inc's cash runway?
Based on fiscal year 2025 data, Aquabounty Technologies Inc (AQB) had $501K in cash against an annual operating cash burn of $8.7M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Aquabounty Technologies Inc's debt-to-equity ratio negative or unusual?
Aquabounty Technologies Inc (AQB) has negative shareholder equity of -$1.9M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Aquabounty Technologies Inc's Piotroski F-Score?
Aquabounty Technologies Inc (AQB) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Aquabounty Technologies Inc's earnings high quality?
Aquabounty Technologies Inc (AQB) has an earnings quality ratio of 0.47x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Aquabounty Technologies Inc cover its interest payments?
Aquabounty Technologies Inc (AQB) has an interest coverage ratio of -19.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.