Aqua Metals (AQMS) Free Cash Flow (2015 - 2025)
Aqua Metals (AQMS) posted quarterly Free Cash Flow of -$2.6 million for Q4 2025, down 5.88% year-over-year from -$2.8 million in Q4 2024, and down 11.07% quarter-over-quarter from -$2.3 million in Q3 2025.
Aqua Metals (AQMS) Free Cash Flow (2015 - 2025) Analysis & Trends
Aqua Metals (AQMS) has reported Free Cash Flow for 11 consecutive years, with -$2.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Free Cash Flow fell 5.88% year-over-year to -$2.6 million; the TTM figure through Jun 2026 stood at -$7.6 million (up 40.49% YoY), while the FY2025 annual figure was -$10.7 million, up 50.46% from the prior year.
- Free Cash Flow eased to -$2.6 million in Q4 2025 per AQMS's latest filing, from -$2.3 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $8.2 million in Q2 2023 and bottomed at -$8.2 million in Q1 2023.
- Historically, Free Cash Flow has averaged -$3.1 million across 5 years, with a median of -$3.4 million in 2021.
- On a YoY basis, Free Cash Flow climbed as much as 350.83% in 2023 and fell as far as 475.18% in 2023.
- Aqua Metals' Free Cash Flow stood at -$4.0 million in 2021, then increased by 0.75% to -$4.0 million in 2022, then declined by 23.1% to -$4.9 million in 2023, then surged by 49.41% to -$2.5 million in 2024, then dropped by 5.88% to -$2.6 million in 2025.
- Business Quant data shows AQMS's Free Cash Flow at -$2.6 million in Q4 2025, -$2.3 million in Q3 2025, and -$2.7 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 89.87 Bn | 89.31 Bn | 2.73 Bn | 1.10 Bn |
| 2 | Republic Services | 67.76 Bn | 67.65 Bn | 1.87 Bn | 761.00 Mn |
| 3 | Waste Connections | 43.02 Bn | 42.93 Bn | 1.08 Bn | 430.94 Mn |
| 4 | Clean Harbors | 16.72 Bn | 16.20 Bn | 608.78 Mn | 112.98 Mn |
| 5 | GFL Environmental | 14.88 Bn | 14.69 Bn | 278.90 Mn | 558.46 Mn |
| 6 | Casella Waste Systems | 5.85 Bn | 5.83 Bn | 178.80 Mn | 26.46 Mn |
| 7 | Sino Green Land | 972.56 Mn | 972.48 Mn | -78,936.00 | -911,621.00 |
| 8 | Onterris | 564.12 Mn | 550.43 Mn | 82.26 Mn | 499,000.00 |
| 9 | Perma Fix Environmental Services | 341.45 Mn | 307.49 Mn | -2.50 Mn | -6.99 Mn |
| 10 | Aqua Metals | 9.58 Mn | 9.58 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.61 Mn |
| Dec 31, 2025 | -2.61 Mn |
| Sep 30, 2025 | -2.35 Mn |
| Sep 30, 2025 | -2.35 Mn |
| Jun 30, 2025 | -2.68 Mn |
| Jun 30, 2025 | -2.68 Mn |
| Mar 31, 2025 | -3.04 Mn |
| Mar 31, 2025 | -3.04 Mn |
| Dec 31, 2024 | -2.46 Mn |
| Dec 31, 2024 | -2.46 Mn |
| Sep 30, 2024 | -4.65 Mn |
| Sep 30, 2024 | -4.65 Mn |
| Jun 30, 2024 | -7.45 Mn |
| Jun 30, 2024 | -7.45 Mn |
| Mar 31, 2024 | -6.99 Mn |
| Mar 31, 2024 | -6.99 Mn |
| Dec 31, 2023 | -4.85 Mn |
| Dec 31, 2023 | -4.85 Mn |
| Sep 30, 2023 | -3.91 Mn |
| Sep 30, 2023 | -3.91 Mn |