Aqua Metals (AQMS) Research & Development (2016 - 2026)
Aqua Metals' Research & Development came in at $248,000 for Q2 2026, down 15.9% from $295,000 a year earlier.
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Analysis
Aqua Metals (AQMS) Research & Development (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Aqua Metals reported Research & Development of $1.24 million, down 2.4% year-over-year; for FY2025, it was $1.33 million, down 16.5% from FY2024.
- Research & Development has declined in each of the last three years, though with a five-year compound annual growth rate of 5.2% (FY2020 to FY2025).
- Going back by year, Research & Development was $1.59 million in FY2024 (-8.8%), $1.74 million in FY2023 (-4.0%), $1.81 million in FY2022 (+94.3%) and $933,000 in FY2021 (-9.2%).
- The Q2 2026 figure represents the lowest quarterly Research & Development since Q4 2024.
- Year-over-year, Research & Development increased in two of the last seven quarters, with an average decline of 11.0%.
- The fastest year-over-year change in Research & Development over five years came in Q2 2022 (growth of 196.0%), and the weakest in Q4 2021 (a decline of 45.5%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 14.90 Mn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 47.00 Mn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 53.00 Mn |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 134.00 Mn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | - |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | - |
| 10 | Aqua Metals | 8.93 Mn | 8.93 Mn | - | 248,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 248,000.00 |
| 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 |
API Access
Aqua Metals Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=AQMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "AQMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=AQMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();