Aqua Metals (AQMS) Research & Development (2015 - 2025)
Aqua Metals (AQMS) reported Research & Development of $365000.0 for Q4 2025, up 53.36% year-over-year from $238000.0 in Q4 2024, and up 11.28% quarter-over-quarter from $328000.0 in Q3 2025.
Aqua Metals (AQMS) Research & Development (2015 - 2025) Analysis & Trends
Aqua Metals (AQMS) has 11 years of Research & Development data on file, last reported at $365000.0 in Q4 2025.
- Research & Development for Q4 2025 came in at $365000.0, up 53.36% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.3 million (down 16.57% YoY), and the FY2025 annual result was $1.3 million, down 16.51% from the prior year.
- Research & Development advanced to $365000.0 in Q4 2025 per AQMS's latest filing, from $328000.0 in the prior quarter.
- Over five years, Research & Development peaked at $588000.0 in Q1 2024 and troughed at $176000.0 in Q2 2021.
- A 5-year average of $369950.0 and a median of $364000.0 in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2021 and 2022: Research & Development tumbled 45.53% in 2021, then soared 196.02% in 2022.
- A 5-year view of Research & Development shows it stood at $195000.0 in 2021, then climbed by 29.23% to $252000.0 in 2022, then soared by 51.59% to $382000.0 in 2023, then plunged by 37.7% to $238000.0 in 2024, then jumped by 53.36% to $365000.0 in 2025.
- Business Quant data shows AQMS's Research & Development at $365000.0 in Q4 2025, $328000.0 in Q3 2025, and $295000.0 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | - |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | - |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | - |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 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 | 657,021.00 |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | - |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | 303,000.00 |
| 10 | Aqua Metals | 4.97 Mn | 4.97 Mn | - | 365,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 365,000.00 |
| Sep 30, 2025 | 328,000.00 |
| Jun 30, 2025 | 295,000.00 |
| Mar 31, 2025 | 336,000.00 |
| Dec 31, 2024 | 238,000.00 |
| Sep 30, 2024 | 398,000.00 |
| Jun 30, 2024 | 363,000.00 |
| Mar 31, 2024 | 588,000.00 |
| Dec 31, 2023 | 382,000.00 |
| Sep 30, 2023 | 389,000.00 |
| Jun 30, 2023 | 525,000.00 |
| Mar 31, 2023 | 445,000.00 |
| Dec 31, 2022 | 252,000.00 |
| Sep 30, 2022 | 490,000.00 |
| Jun 30, 2022 | 521,000.00 |
| Mar 31, 2022 | 551,000.00 |
| Dec 31, 2021 | 195,000.00 |
| Sep 30, 2021 | 273,000.00 |
| Jun 30, 2021 | 176,000.00 |
| Mar 31, 2021 | 289,000.00 |