Aqua Metals, Inc. (AQMS) is a Materials stock trading at $2.87 (as of 2026-09-02), with a market capitalization of $10.21M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Aqua Metals is a pre-revenue materials company in the steel works space, investing in a metallurgical process with no commercial product sales yet. With zero revenue and deeply negative margins, the entire case rests on whether the underlying technology reaches commercial scale.
No profit model exists yet; every dollar of production spend is a loss. The entire investment is a bet on process economics inverting once the metallurgical process reaches commercial volume.
Business quality (Unprofitable): Pre-revenue development stage. No demonstrated path to profitability in current financials; all commercial value is hypothetical.
| Price | $2.87 |
| Market Cap | $10.21M |
| Price / Book | 1.07 |
| FCF Yield | -104.6% |
| Revenue (TTM) | $0.00 |
| Revenue Growth (YoY) | -100.0% |
| EPS Growth (YoY) | 1432.0% |
| FCF Growth (YoY) | 145.2% |
| Sector P/E (Materials) | 23.9 |
| Industry P/E (Steel Works) | 21.0 |
| Sector | Materials |
| Industry | Steel Works |
Data as of 2026-09-02.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.