Aqua Metals annual operating expenses
2015
2016
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2021
2022
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2025
Aqua Metals Operating Expenses Growth & History (AQMS)
Aqua Metals's operating expenses was $11.8M for fiscal 2025.
View full Aqua Metals company overviewAqua Metals annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $11.8M | −$12.0M | −50.48% |
| 2024 | 2024-12-31 | $23.8M | −$642,000 | −2.62% |
| 2023 | 2023-12-31 | $24.5M | $8.9M | +57.28% |
| 2022 | 2022-12-31 | $15.6M | −$2.1M | −11.72% |
| 2021 | 2021-12-31 | $17.6M | $2.1M | +13.79% |
| 2020 | 2020-12-31 | $15.5M | −$30.2M | −66.06% |
| 2019 | 2019-12-31 | $45.7M | $4.2M | +10.10% |
| 2018 | 2018-12-31 | $41.5M | $14.5M | +53.93% |
| 2017 | 2017-12-31 | $26.9M | $14.0M | +107.95% |
| 2016 | 2016-12-31 | $13.0M | $7.5M | +137.72% |
| 2015 | 2015-12-31 | $5.5M | — | — |
Aqua Metals quarterly operating expenses
Q3.15
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q2.23
Q3.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.0M | $1.5M | +61.85% |
| Q1 2026 | 2026-03-31 | $3.6M | −$5.0M | −58.09% |
| Q4 2025 | 2025-12-31 | $4.1M | −$2.5M | −38.00% |
| Q3 2025 | 2025-09-30 | $2.5M | −$2.7M | −52.72% |
| Q2 2025 | 2025-06-30 | $2.5M | −$3.7M | −59.59% |
| Q1 2025 | 2025-03-31 | $8.7M | $2.9M | +49.91% |
| Q4 2024 | 2024-12-31 | $6.7M | — | — |
| Q3 2024 | 2024-09-30 | $5.2M | $237,000 | +4.76% |
| Q2 2024 | 2024-06-30 | $6.2M | $1.3M | +27.00% |
| Q1 2024 | 2024-03-31 | $5.8M | — | — |
| Q3 2023 | 2023-09-30 | $5.0M | $1.0M | +26.44% |
| Q2 2023 | 2023-06-30 | $4.9M | $893,000 | +22.56% |
| Q4 2022 | 2022-12-31 | $3.4M | −$1.0M | −23.00% |
| Q3 2022 | 2022-09-30 | $3.9M | −$690,000 | −14.92% |
| Q2 2022 | 2022-06-30 | $4.0M | −$484,000 | −10.89% |
| Q1 2022 | 2022-03-31 | $4.3M | $112,000 | +2.67% |
| Q4 2021 | 2021-12-31 | $4.4M | $222,000 | +5.35% |
| Q3 2021 | 2021-09-30 | $4.6M | $1.1M | +32.08% |
| Q2 2021 | 2021-06-30 | $4.4M | $675,000 | +17.91% |
| Q1 2021 | 2021-03-31 | $4.2M | $117,000 | +2.87% |
| Q4 2020 | 2020-12-31 | $4.2M | −$6.7M | −61.82% |
| Q3 2020 | 2020-09-30 | $3.5M | −$10.1M | −74.30% |
| Q2 2020 | 2020-06-30 | $3.8M | −$8.1M | −68.22% |
| Q1 2020 | 2020-03-31 | $4.1M | −$5.2M | −56.20% |
| Q4 2019 | 2019-12-31 | $10.9M | −$2.6M | −19.35% |
| Q3 2019 | 2019-09-30 | $13.6M | $4.0M | +41.96% |
| Q2 2019 | 2019-06-30 | $11.9M | $2.1M | +22.05% |
| Q1 2019 | 2019-03-31 | $9.3M | $631,000 | +7.26% |
| Q4 2018 | 2018-12-31 | $13.5M | $6.1M | +81.46% |
| Q3 2018 | 2018-09-30 | $9.6M | $3.2M | +49.16% |
| Q2 2018 | 2018-06-30 | $9.7M | $1.1M | +13.37% |
| Q1 2018 | 2018-03-31 | $8.7M | $4.2M | +92.38% |
| Q4 2017 | 2017-12-31 | $7.4M | $2.8M | +60.32% |
| Q3 2017 | 2017-09-30 | $6.4M | $3.1M | +93.68% |
| Q2 2017 | 2017-06-30 | $8.6M | $5.7M | +203.36% |
| Q1 2017 | 2017-03-31 | $4.5M | $2.3M | +107.30% |
| Q4 2016 | 2016-12-31 | $4.6M | $2.3M | +94.71% |
| Q3 2016 | 2016-09-30 | $3.3M | $2.0M | +151.02% |
| Q2 2016 | 2016-06-30 | $2.8M | $1.8M | +166.01% |
| Q1 2016 | 2016-03-31 | $2.2M | $1.5M | +217.49% |
| Q4 2015 | 2015-12-31 | $2.4M | — | — |
| Q3 2015 · Sep 30 | 2015-09-30 | $1.3M | $1.1M | +476.31% |
| Q2 2015 | 2015-06-30 | $1.1M | — | — |
| Q1 2015 | 2015-03-31 | $686,000 | — | — |
| Q3 2015 · Sep 30 | 2014-09-30 | $229,564 | — | — |
Aqua Metals operating expenses trends
Over the last five fiscal years, Aqua Metals's operating expenses decreased from $15.5M to $11.8M, a change of −$3.7M. The latest reported quarter, Q2 2026, shows $4.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Aqua Metals source filings ↗