Jun 2026 (Q2 FY26) — Jul 30, 2026
Aqua Metals Q2 FY26 — Commercial Execution of Headwaters Arc
Read the full callAqua Metals earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | -4.5 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $29.62 on 14 Oct 2025 → $1.69. High $29.62 (14 Oct 2025), low $1.69 (15 Oct 2026).
Overview
Call summaries
Aqua Metals Q2 FY26 — Commercial Execution of Headwaters Arc
Read the full callEvery analysed call
Financials
Net profit, year on year: +34% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | — | — | — | — | — |
| Expenses | 5 | 7 | 9 | 7 | 3 | 5 | 4 | 5 |
| Operating profit | -5 | -7 | -9 | -7 | -3 | -5 | -4 | -5 |
| Other income | 0 | -1 | 0 | 0 | -0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -5 | -7 | -8 | -7 | -3 | -4 | -4 | -4 |
| Tax rate | 0.0% | 0.0% | — | — | — | — | — | — |
| Net profit | -5 | -7 | -8 | -7 | -3 | -4 | -4 | -4 |
| EPS ($ per share) | -7.64 | — | -10.27 | -7.44 | -2.19 | — | -1.22 | -1.31 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -95 | -140 | -166 | -184 | -199 | -223 | -248 | -270 |
| Total liabilities | 21 | 20 | 4 | 6 | 13 | 8 | 10 | 5 |
| Fixed assets | 46 | 38 | 25 | 2 | 7 | 10 | 16 | 6 |
| Total assets | 71 | 69 | 35 | 33 | 34 | 34 | 26 | 20 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -26 | -25 | -11 | -7 | -10 | -3 | -14 | -10 |
| Cash from investing | -4 | -11 | 7 | -2 | -3 | -10 | -12 | 3 |
| Cash from financing | 28 | 22 | 3 | 11 | 13 | 22 | 13 | 14 |
| Net cash flow | -2 | -13 | -1 | 2 | -1 | 9 | -12 | 7 |
| Capital expenditure | -4 | -13 | -3 | -2 | -5 | -6 | -8 | -0 |
| Free cash flow | -30 | -38 | -14 | -9 | -15 | -9 | -22 | -11 |
28 filings between Nov 20, 2025 and Aug 24, 2026.
Nobody bought or sold AQMS on the open market in this window. The filings below are 10 awards, 16 tax withholdings and 2 dispositions to the issuer.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 24, 2026 | West Eric Chief Financial Officer | Award | 37,352 | $0 |
| Aug 24, 2026 | Cotton Stephen Chief Executive Officer | Award | 104,818 | $0 |
| Aug 24, 2026 | Taecker Benjamin S. Chief Eng and Opr Officer | Award | 30,958 | $0 |
| Aug 24, 2026 | Gangloff Eric John Director | Award | 10,427 | $0 |
| Aug 24, 2026 | DIVITO VINCENT L Director | Award | 15,641 | $0 |
| Aug 24, 2026 | HENDERSON STEVEN K Director | Award | 10,427 | $0 |
| Aug 19, 2026 | Cotton Stephen Chief Executive Officer | Tax withheld | 3,305 | $8.8K |
| Aug 19, 2026 | West Eric Chief Financial Officer | Tax withheld | 1,213 | $3.2K |
| Aug 19, 2026 | Taecker Benjamin S. Chief Eng and Opr Officer | Tax withheld | 1,005 | $2.7K |
| Jul 1, 2026 | Cotton Stephen Chief Executive Officer | Tax withheld | 2,402 | $7.1K |
| Jul 1, 2026 | Taecker Benjamin S. Chief Eng and Opr Officer | Tax withheld | 744 | $2.2K |
| May 19, 2026 | West Eric Chief Financial Officer | Tax withheld | 721 | $2.8K |
| Apr 13, 2026 | Cotton Stephen Chief Executive Officer | Tax withheld | 2,352 | $9.2K |
| Apr 13, 2026 | Taecker Benjamin S. Chief Eng and Opr Officer | Tax withheld | 715 | $2.8K |
| Apr 13, 2026 | West Eric Chief Financial Officer | Tax withheld | 863 | $3.4K |
| Feb 24, 2026 | West Eric Chief Financial Officer | Tax withheld | 1,214 | $5.8K |
| Feb 24, 2026 | Taecker Benjamin S. Chief Eng and Opr Officer | Tax withheld | 1,006 | $4.8K |
| Feb 24, 2026 | Cotton Stephen Chief Executive Officer | Tax withheld | 3,307 | $15.7K |
| Feb 13, 2026 | Taecker Benjamin S. Chief Eng and Opr Officer | Award | 23,306 | $110.0K |
| Feb 13, 2026 | Cotton Stephen Chief Executive Officer | Award | 79,873 | $377.0K |
| Feb 13, 2026 | West Eric Chief Financial Officer | Award | 28,390 | $134.0K |
| Jan 7, 2026 | Cotton Stephen Chief Executive Officer | Disposition to issuer | 2,100 | $0 |
| Jan 7, 2026 | Taecker Benjamin S. Chief Eng and Opr Officer | Disposition to issuer | 13 | $0 |
| Jan 2, 2026 | Taecker Benjamin S. Chief Eng and Opr Officer | Tax withheld | 979 | $4.7K |
| Jan 2, 2026 | Cotton Stephen Chief Executive Officer | Tax withheld | 3,208 | $15.4K |
| Dec 18, 2025 | Cotton Stephen Chief Executive Officer | Award | 14,749 | $0 |
| Dec 18, 2025 | Cotton Stephen Chief Executive Officer | Tax withheld | 6,247 | $34.1K |
| Nov 20, 2025 | West Eric Chief Financial Officer | Tax withheld | 720 | $7.1K |
| Oct 13, 2025 | Taecker Benjamin S. Chief Eng and Opr Officer | Award | 10,132 | $97.1K |
| Oct 13, 2025 | West Eric Chief Financial Officer | Award | 12,224 | $117.1K |
| Oct 13, 2025 | Cotton Stephen Chief Executive Officer | Award | 33,320 | $319.2K |
| Sep 19, 2025 | Cotton Stephen Chief Executive Officer | Award | 11,250 | $0 |
| Sep 19, 2025 | Cotton Stephen Chief Executive Officer | Tax withheld | 4,765 | $19.6K |
| Aug 20, 2025 | Taecker Benjamin S. Chief Eng and Opr Officer | Tax withheld | 564 | $2.1K |
| Aug 20, 2025 | Cotton Stephen Chief Executive Officer | Tax withheld | 1,920 | $7.1K |
| Aug 19, 2025 | West Eric Chief Financial Officer | Award | 17,179 | $67.9K |
| Aug 19, 2025 | Cotton Stephen Chief Executive Officer | Award | 46,824 | $185.0K |
| Aug 19, 2025 | Taecker Benjamin S. Chief Eng and Opr Officer | Award | 14,238 | $56.2K |
| Jul 1, 2025 | Taecker Benjamin S. Chief Eng and Opr Officer | Tax withheld | 3,043 | $1.5K |
| Jul 1, 2025 | Cotton Stephen Chief Executive Officer | Tax withheld | 9,301 | $4.6K |
| May 6, 2025 | HENDERSON STEVEN K Director | Award | 54,347 | $0 |
| May 6, 2025 | DIVITO VINCENT L Director | Award | 65,217 | $0 |
| May 6, 2025 | Zhang Peifang Director | Award | 43,478 | $0 |
| May 6, 2025 | Gangloff Eric John Director | Award | 54,347 | $0 |
| Apr 2, 2025 | Zhang Peifang Director | Award | 16,129 | $30.0K |
| Apr 2, 2025 | DIVITO VINCENT L Director | Award | 12,096 | $22.5K |
| Apr 2, 2025 | HENDERSON STEVEN K Director | Award | 9,789 | $18.2K |
| Apr 2, 2025 | Gangloff Eric John Director | Award | 7,661 | $14.2K |
| Feb 20, 2025 | Cotton Stephen Chief Executive Officer | Award | 37,103 | $0 |
| Feb 20, 2025 | Merrill Judd Chief Financial Officer | Award | 27,208 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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