Every 10-Q that Aqua Metals, Inc. (AQMS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AQMS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AQMS filings page.
Aqua Metals, which is developing its AquaRefining clean recycling technology for lithium‑ion and lead‑acid batteries, reported a net loss of $4,480,000 for the three months and $8,434,000 for the six months ended June 30, 2026, with no commercial revenue. Total assets were $12,622,000 and stockholders’ equity $9,530,000 as of that date.
The company advanced its Project Headwaters ARC commercialization plans but recorded a $2,496,000 allowance for credit losses on its $4,160,000 Lion Energy participation interest after default and reduced information access. Cash and cash equivalents were $4,744,000, and operating cash outflow was $6,474,000 for the six months, leading management to conclude there is substantial doubt about continuing as a going concern despite raising $1,876,000 via its ATM program and $621,000 through its 2026 ESPP.
Aqua Metals, Inc. reported a net loss of $3.95M for the quarter ended March 31, 2026, narrower than the $8.32M loss a year earlier, mainly because the prior period included a large non-cash impairment. The company still generated no revenue and used $3.84M of cash in operating activities.
Cash and cash equivalents were $6.82M with working capital of $7.48M, while management disclosed “substantial doubt” about the ability to continue as a going concern without new financing. Aqua Metals raised $1.30M via its at-the-market program and $0.62M through its employee stock purchase plan.
The company recorded a $437K allowance for credit losses on its $4.1M Lion Energy exposure, reflecting default under Lion’s senior facility and subordinated positioning. Development of its lithium-ion recycling technology and pilot operations continued, but commercialization and construction of a first commercial facility remain dependent on securing additional capital.
Aqua Metals (AQMS) filed its Q3 2025 10‑Q, reporting continued losses and a going concern warning. The company posted a net loss of $3,121,000 for the quarter and $18,206,000 for the nine months. Cash and cash equivalents were $3,586,000, and total stockholders’ equity was $6,522,000.
The balance sheet reflects the June sale of the TRIC facility, driving a non‑cash impairment and loss on disposal of property, plant and equipment of $9,037,000. The company repaid $3,000,000 to Summit and $1,500,000 of secured notes in 2025. Operating cash outflow was $7,648,000 for the nine months.
To fund operations, Aqua Metals raised $5,921,000 via its ATM and $903,000 through an equity line of credit (ELOC) in the nine months. As of September 30, 2025, the ATM had no remaining capacity, while $9,097,000 remained available under the ELOC. Subsequent event: on October 16, 2025, the company closed a registered direct offering and concurrent private placement for aggregate net proceeds of approximately $12,000,000. Management states there is “substantial doubt” about the company’s ability to continue as a going concern.
Common shares outstanding were 2,979,263 as of November 7, 2025, after 1‑for‑20 and 1‑for‑10 reverse splits in November 2024 and August 2025.
Aqua Metals, Inc. reported a net loss of $15,085,000 for the six months ended June 30, 2025 (quarterly loss $6,770,000) and had $1,933,000 of cash at period end. The company did not generate revenue from commercial operations during the periods presented and recorded a noncash $9,012,000 impairment and loss on disposal of property, plant and equipment related to the sale of its TRIC facility.
Management retired approximately $4,000,000 of notes payable (including a $3,000,000 Summit loan) in connection with the asset sale and received net proceeds of approximately $4,064,000 from that sale. The company entered an equity line purchase agreement (ELOC) with Lincoln Park providing committed purchases up to $10,000,000 (subject to Nasdaq and contractual limits) and generated net proceeds of $2.735M from ATM sales plus $69,000 under the ELOC in the six months. Despite these actions, management states it does not have sufficient capital resources to sustain operations through the next twelve months and notes substantial doubt about continuing as a going concern.