Aqua Metals, Inc. income statement

In fiscal 2024, Aqua Metals, Inc. reported revenue of $0, down 100.0% on the year before and net income of −$24.6m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Aqua Metals, Inc.: income statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	LTMMar 2025
Revenue	0	2	4	5	0	0	0	0	0	0
Cost of revenue	0	10	23	25	5	7	4	6	7	6
Gross profit	0	−7	−18	−20	−5	−7	−4	−6	−7	−6
Research and development	6	8	5	2	1	1	2	2	2	1
General and administrative	7	1	14	19	9	10	10	12	12	11
Operating income	−13	−25	−37	−41	−15	−17	−16	−24	−24	−27
Interest expense	1	2	3	3	2	0	0	1	1	1
Income before tax	−14	−27	−40	−45	−26	−18	−15	−24	−25	−27
Income tax	0	0	0	0	0	0	0	0	0	—
Net income	−14	−27	−40	−45	−26	−18	−15	−24	−25	−27
Diluted EPS	−$178.00	−$1.31	−$1.18	−$0.86	−$84.00	−$0.26	—	—	—	—
Diluted shares (average)	—	—	—	—	—	—	—	—	—	—
EBITDA	−12	−22	−34	−37	−13	−17	−15	−24	−23	−26

US$ millions unless shown otherwise. Fiscal quarters.

Aqua Metals, Inc.: income statement, 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
Revenue	0	0	0	0	0	0	0	0
Cost of revenue	1	2	2	2	2	2	1	1
Gross profit	−1	−2	−2	−2	−2	−2	−1	−1
Research and development	1	0	0	1	0	0	0	0
General and administrative	3	3	3	3	3	3	3	2
Operating income	−5	−5	−10	−6	−6	−5	−7	−9
Interest expense	0	0	0	0	0	0	0	0
Provision for credit losses	—	—	—	—	—	—	—	0
Income before tax	−5	−5	−10	—	−6	−5	−7	−8
Income tax	0	0	0	—	0	0	0	—
Net income	−5	−5	−10	−6	−6	−5	−7	−8
EBITDA	−5	−5	−10	−6	−6	−5	−6	−8

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.