Aqua Metals (AQMS) Retained Earnings (2014 - 2025)
Aqua Metals (AQMS) reported Retained Earnings of -$270.4 million for Q4 2025, down 9.14% year-over-year from -$297.6 million in Q4 2024, and down 1.67% quarter-over-quarter from -$266.0 million in Q3 2025.
Aqua Metals (AQMS) Retained Earnings (2014 - 2025) Analysis & Trends
Aqua Metals (AQMS) has 12 years of Retained Earnings data on file, last reported at -$270.4 million in Q4 2025.
- Retained Earnings for Q4 2025 came in at -$270.4 million, down 9.14% year-over-year; the trailing twelve-month figure through Dec 2025 was -$270.4 million (down 9.14% YoY), and the FY2025 annual result was -$270.4 million, down 9.14% from the prior year.
- Retained Earnings slipped to -$270.4 million in Q4 2025 per AQMS's latest filing, from -$266.0 million in the prior quarter.
- Over five years, Retained Earnings peaked at -$169.7 million in Q1 2021 and troughed at -$270.4 million in Q4 2025.
- A 5-year average of -$217.1 million and a median of -$210.9 million in 2023 frame the typical range for Retained Earnings.
- The sharpest annual moves came in 2021 and 2022: Retained Earnings retreated 19.86% in 2021, then dropped 7.69% in 2022.
- A 5-year view of Retained Earnings shows it stood at -$183.8 million in 2021, then retreated by 8.39% to -$199.3 million in 2022, then fell by 12.01% to -$223.2 million in 2023, then slipped by 11.0% to -$247.8 million in 2024, then slipped by 9.14% to -$270.4 million in 2025.
- Business Quant data shows AQMS's Retained Earnings at -$270.4 million in Q4 2025, -$266.0 million in Q3 2025, and -$262.9 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | 6.30 Mn |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | -141.78 Mn |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | -213.25 Mn |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 Mn | -130.65 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 | -313.51 Mn |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | -44.00 Mn |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | -118.20 Mn |
| 10 | Aqua Metals | 4.97 Mn | 4.97 Mn | - | -270.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -270.42 Mn |
| Sep 30, 2025 | -265.98 Mn |
| Jun 30, 2025 | -262.86 Mn |
| Mar 31, 2025 | -256.09 Mn |
| Dec 31, 2024 | -247.77 Mn |
| Sep 30, 2024 | -240.30 Mn |
| Jun 30, 2024 | -235.12 Mn |
| Mar 31, 2024 | -229.00 Mn |
| Dec 31, 2023 | -223.22 Mn |
| Sep 30, 2023 | -213.19 Mn |
| Jun 30, 2023 | -208.64 Mn |
| Mar 31, 2023 | -203.88 Mn |
| Dec 31, 2022 | -199.28 Mn |
| Sep 30, 2022 | -195.31 Mn |
| Jun 30, 2022 | -191.42 Mn |
| Mar 31, 2022 | -188.26 Mn |
| Dec 31, 2021 | -183.85 Mn |
| Sep 30, 2021 | -179.14 Mn |
| Jun 30, 2021 | -177.76 Mn |
| Mar 31, 2021 | -169.74 Mn |