Aqua Metals, Inc. balance sheet

At the end of fiscal 2024, Aqua Metals, Inc. had total assets of $26.4m, total liabilities of $10.1m and shareholders' equity of $16.2m. It held $4.1m in cash against $3.5m of debt: net cash of $543,000.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Aqua Metals, Inc.: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	LTMMar 2025
Cash and equivalents	25	23	21	8	7	8	7	17	4	2
Receivables	—	1	1	0	0	0	0	0	0	0
Inventory	0	1	1	1	1	0	0	1	0	0
Total current assets	27	26	23	28	8	12	23	18	5	2
Total assets	72	74	71	69	35	33	34	34	26	18
Accounts payable	2	1	2	5	2	1	1	2	1	1
Total current liabilities	4	4	12	10	3	4	12	5	8	7
Long-term debt	10	9	10	9	0	0	0	3	0	—
Total debt	10	9	13	10	0	0	6	3	4	3
Total liabilities	15	15	21	20	4	6	13	8	10	9
Shareholders' equity	57	59	50	50	31	28	21	26	16	10
Net debt (negative = net cash)	−15	−14	−8	2	−6	−8	−1	−14	−1	2
Shares outstanding	—	—	—	—	—	—	—	—	—	8m

US$ millions unless shown otherwise. Fiscal quarters.

Aqua Metals, Inc.: balance sheet, quarterly
Quarter	2023 Q2Jun 2023	2023 Q3Sept 2023	2023 Q4Dec 2023	2024 Q1Mar 2024	2024 Q2Jun 2024	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025
Receivables	0	0	0	0	0	0	0	0
Inventory	1	1	1	1	1	0	0	0
Total current assets	7	27	18	10	9	4	5	2
Total assets	22	42	34	31	34	28	26	18
Accounts payable	1	1	2	2	2	1	1	1
Total current liabilities	3	4	5	8	8	7	8	7
Long-term debt	3	3	3	0	0	0	0	—
Total debt	3	3	3	0	0	0	0	—
Total liabilities	6	7	8	9	8	8	10	9
Shareholders' equity	16	35	26	23	25	21	16	10
Shares outstanding	84m	108m	5m	113m	134m	7m	—	8m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Aqua Metals, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Aqua Metals, Inc.