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Aqua Metals (AQMS) Operating Expenses (2016 - 2025)

Aqua Metals has reported Operating Expenses over the past 10 years, most recently at $4.6 million for Q4 2025.

  • Quarterly results put Operating Expenses at $4.6 million for Q4 2025, down 31.89% from a year ago — trailing twelve months through Dec 2025 was $23.3 million (down 2.17% YoY), and the annual figure for FY2025 was $23.3 million, down 2.16%.
  • Operating Expenses for Q4 2025 was $4.6 million at Aqua Metals, up from $3.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for AQMS hit a ceiling of $10.2 million in Q4 2023 and a floor of $3.1 million in Q3 2025.
  • Median Operating Expenses over the past 5 years was $4.6 million (2021), compared with a mean of $5.2 million.
  • Biggest five-year swings in Operating Expenses: skyrocketed 201.87% in 2023 and later tumbled 41.18% in 2025.
  • Aqua Metals' Operating Expenses stood at $4.4 million in 2021, then dropped by 23.0% to $3.4 million in 2022, then skyrocketed by 201.87% to $10.2 million in 2023, then plummeted by 34.28% to $6.7 million in 2024, then plummeted by 31.89% to $4.6 million in 2025.
  • The last three reported values for Operating Expenses were $4.6 million (Q4 2025), $3.1 million (Q3 2025), and $7.0 million (Q2 2025) per Business Quant data.