Aqua Metals (AQMS) Operating Expenses (2015 - 2026)
Aqua Metals (AQMS) posted quarterly Operating Expenses of $4.6 million for Q2 2026, down 34.66% year-over-year from $7.0 million in Q2 2025, and up 0.94% quarter-over-quarter from $4.6 million in Q4 2025.
Aqua Metals (AQMS) Operating Expenses (2015 - 2026) Analysis & Trends
Aqua Metals (AQMS) has reported Operating Expenses for 12 consecutive years, with $4.6 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses fell 34.66% year-over-year to $4.6 million; the TTM figure through Jun 2026 stood at $19.2 million (down 30.3% YoY), while the FY2025 annual figure was $23.3 million, down 2.16% from the prior year.
- Operating Expenses rose to $4.6 million in Q2 2026 per AQMS's latest filing, from $4.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $10.2 million in Q4 2023 and bottomed at $3.1 million in Q3 2025.
- Historically, Operating Expenses has averaged $5.4 million across 5 years, with a median of $4.9 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 201.87% — and 2025, when it slumped 41.18%.
- Aqua Metals' Operating Expenses stood at $3.4 million in 2022, then surged by 201.87% to $10.2 million in 2023, then slumped by 34.28% to $6.7 million in 2024, then tumbled by 31.89% to $4.6 million in 2025, then rose by 0.94% to $4.6 million in 2026.
- Business Quant data shows AQMS's Operating Expenses at $4.6 million in Q2 2026, $4.6 million in Q4 2025, and $3.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 89.92 Bn | 89.37 Bn | 2.73 Bn | 5.43 Bn |
| 2 | Republic Services | 67.61 Bn | 67.50 Bn | 1.87 Bn | 448.00 Mn |
| 3 | Waste Connections | 42.73 Bn | 42.63 Bn | 1.08 Bn | 538.77 Mn |
| 4 | Clean Harbors | 16.86 Bn | 16.34 Bn | 608.78 Mn | 214.57 Mn |
| 5 | GFL Environmental | 14.92 Bn | 14.73 Bn | 278.90 Mn | 433.83 Mn |
| 6 | Casella Waste Systems | 5.90 Bn | 5.88 Bn | 178.80 Mn | 523.78 Mn |
| 7 | Onterris | 530.20 Mn | 516.50 Mn | 82.26 Mn | 66.50 Mn |
| 8 | Sino Green Land | 453.86 Mn | 453.78 Mn | -78,936.00 | 201,005.00 |
| 9 | Perma Fix Environmental Services | 341.05 Mn | 307.10 Mn | -2.50 Mn | 4.00 Mn |
| 10 | Aqua Metals | 9.47 Mn | 9.47 Mn | - | 4.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.59 Mn |
| Dec 31, 2025 | 4.55 Mn |
| Sep 30, 2025 | 3.07 Mn |
| Jun 30, 2025 | 7.03 Mn |
| Mar 31, 2025 | 8.68 Mn |
| Dec 31, 2024 | 6.68 Mn |
| Sep 30, 2024 | 5.21 Mn |
| Jun 30, 2024 | 6.16 Mn |
| Mar 31, 2024 | 5.79 Mn |
| Dec 31, 2023 | 10.17 Mn |
| Sep 30, 2023 | 4.97 Mn |
| Jun 30, 2023 | 4.85 Mn |
| Mar 31, 2023 | 4.50 Mn |
| Dec 31, 2022 | 3.37 Mn |
| Sep 30, 2022 | 3.93 Mn |
| Jun 30, 2022 | 3.96 Mn |
| Mar 31, 2022 | 4.31 Mn |
| Dec 31, 2021 | 4.37 Mn |
| Sep 30, 2021 | 4.62 Mn |
| Jun 30, 2021 | 4.44 Mn |