{ "ok": true, "cik": "1621832", "ticker": "AQMS", "name": "Aqua Metals, Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-08", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1621832/000143774926029824/0001437749-26-029824-index.htm" }, { "form": "8-K", "filed": "2026-08-21", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1621832/000143774926028733/0001437749-26-028733-index.htm" }, { "form": "10-Q", "filed": "2026-07-30", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1621832/000143774926025091/0001437749-26-025091-index.htm" }, { "form": "8-K", "filed": "2026-07-30", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1621832/000143774926025088/0001437749-26-025088-index.htm" }, { "form": "DEF 14A", "filed": "2026-07-08", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1621832/000143774926023053/0001437749-26-023053-index.htm" }, { "form": "8-K", "filed": "2026-05-14", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1621832/000143774926017044/0001437749-26-017044-index.htm" } ], "events12m": 9, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001621832.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1621832" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up Aqua Metals, Inc. ($AQMS). Last filing: 8-K (8.01 Other Events), 2026-09-08. 9 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2024-12-31", "revenue": 0, "revenueGrowth1y": -1, "revenueGrowthPerYear": null, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": -978.56, "netMargin": null, "operatingCashFlow": -13632000, "capitalSpending": 7921000, "freeCashFlow": -21553000, "researchAndDevelopment": 1587000, "researchShareOfRevenue": null, "cash": 4079000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2020-12-31", "revenue": 108000 }, { "fiscalYearEnd": "2021-12-31", "revenue": 173000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 4000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 25000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 0 } ], "totalEquity": 16244000, "totalAssets": 26365000, "equityRatio": 0.616119855869524, "returnOnEquity": -1.5116350652548634, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 0, "high": 0, "baseline": 0, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 0, "high": 0 } }, "edgarette": "🔖 Exposure: revenue $0K (FY2024). Experience: revenue down 100.0% on the year; operating margin null, down from -97856.0%. Soundness: equity 61.6% of assets, return on equity -151.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $0K and $0K next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (17 filers, $50M+ revenue, its industry group): operating margin null against a 8.1% median; growth -100.0% against 10.6%.", "peers": { "sic": 3341, "sicDescription": "Secondary Smelting & Refining of Nonferrous Metals", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "33", "growth": [ 0.106, 22 ], "opMargin": [ 0.0812, 17 ], "equityRatio": [ 0.3812, 21 ], "returnOnEquity": [ 0.1143, 21 ], "payoutRatio": [ 0.241, 10 ] }, "summary": "Aqua Metals (AQMS) saw revenue fall 100% in FY2024 to $0 million, operating margin null against a 8.1% median for secondary smelting & refining of nonferrous metals, equity 61.6% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Aqua Metals, Inc. against its own record and its peers
Revenue, on the yearPeer median 10.6%-100.0%Equity of assetsPeer median 38.1%61.6%Return on equityPeer median 11.4%-151.2%Gold tick: the median of 21–21 peers with $50M+ revenue in secondary smelting & refining of nonferrous metals
", "chartHorizon": null, "backtest": { "tests": 4, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:41.869Z", "hash": "d5ffe1bd387328a5", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Aqua Metals (AQMS) saw revenue fall 100% in FY2024 to $0 million, operating margin null against a 8.1% median for secondary smelting & refining of nonferrous metals, equity 61.6% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2024-12-31", "revenue": 0, "totalDebt": null, "cash": 4079000 }, "experience": { "revenueGrowth1y": -1, "revenueGrowthPerYear": null, "operatingMargin": null, "operatingMarginPrior": -978.56, "netMargin": null, "freeCashFlow": -21553000 }, "soundness": { "equityRatio": 0.616119855869524, "returnOnEquity": -1.5116350652548634, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3341, "sicDescription": "Secondary Smelting & Refining of Nonferrous Metals", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "33", "growth": [ 0.106, 22 ], "opMargin": [ 0.0812, 17 ], "equityRatio": [ 0.3812, 21 ], "returnOnEquity": [ 0.1143, 21 ], "payoutRatio": [ 0.241, 10 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 0, "high": 0, "baseline": 0, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 4, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:41.869Z", "hash": "d5ffe1bd387328a5", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001621832.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1621832" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }