Aqua Metals (AQMS) Operating Income (2015 - 2025)
Aqua Metals (AQMS) reported Operating Income of -$4.6 million for Q4 2025, up 31.89% year-over-year from -$3.5 million in Q4 2024, and down 48.48% quarter-over-quarter from -$3.1 million in Q3 2025.
Aqua Metals (AQMS) Operating Income (2015 - 2025) Analysis & Trends
Aqua Metals (AQMS) has 11 years of Operating Income data on file, last reported at -$4.6 million in Q4 2025.
- Operating Income for Q4 2025 came in at -$4.6 million, up 31.89% year-over-year; the trailing twelve-month figure through Dec 2025 was -$23.3 million (up 2.17% YoY), and the FY2025 annual result was -$23.3 million, up 2.16% from the prior year.
- Operating Income fell to -$4.6 million in Q4 2025 per AQMS's latest filing, from -$3.1 million in the prior quarter.
- Over five years, Operating Income peaked at -$3.1 million in Q3 2025 and troughed at -$10.2 million in Q4 2023.
- A 5-year average of -$5.2 million and a median of -$4.6 million in 2021 frame the typical range for Operating Income.
- The sharpest annual moves came in 2023 and 2025: Operating Income slumped 201.87% in 2023, then jumped 41.18% in 2025.
- A 5-year view of Operating Income shows it stood at -$4.2 million in 2021, then grew by 19.83% to -$3.4 million in 2022, then tumbled by 201.87% to -$10.2 million in 2023, then jumped by 34.28% to -$6.7 million in 2024, then surged by 31.89% to -$4.6 million in 2025.
- Business Quant data shows AQMS's Operating Income at -$4.6 million in Q4 2025, -$3.1 million in Q3 2025, and -$7.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | -181.94 Mn |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | 364.08 Mn |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | 118.94 Mn |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 Mn | 4.86 Mn |
| 5 | Enviri | 1.71 Bn | 1.63 Bn | - | - |
| 6 | Onterris | 613.85 Mn | 602.80 Mn | - | - |
| 7 | American Battery Technology | 425.23 Mn | 386.75 Mn | 737,749.00 | -34.41 Mn |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | 1.11 Bn |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | -7.48 Mn |
| 10 | Aqua Metals | 4.97 Mn | 4.97 Mn | - | -4.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -4.95 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 | -4.20 Mn |
| Sep 30, 2021 | -4.62 Mn |
| Jun 30, 2021 | -4.44 Mn |
| Mar 31, 2021 | -4.20 Mn |