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

Aqua Metals (AQMS) has disclosed Operating Expenses for 10 consecutive years, with $3.1 million as the latest value for Q3 2025.

  • On a quarterly basis, Operating Expenses fell 41.18% to $3.1 million in Q3 2025 year-over-year; TTM through Sep 2025 was $25.5 million, a 38.91% decrease, with the full-year FY2024 number at $23.8 million, down 2.62% from a year prior.
  • Operating Expenses was $3.1 million for Q3 2025 at Aqua Metals, down from $7.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $24.5 million in Q4 2023 to a low of $3.1 million in Q3 2025.
  • A 5-year average of $6.0 million and a median of $4.6 million in 2021 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: soared 628.01% in 2023, then tumbled 72.74% in 2024.
  • Aqua Metals' Operating Expenses stood at $4.4 million in 2021, then dropped by 23.02% to $3.4 million in 2022, then skyrocketed by 628.01% to $24.5 million in 2023, then crashed by 72.74% to $6.7 million in 2024, then crashed by 54.13% to $3.1 million in 2025.
  • Per Business Quant, the three most recent readings for AQMS's Operating Expenses are $3.1 million (Q3 2025), $7.0 million (Q2 2025), and $8.7 million (Q1 2025).