Aqua Metals, INC. (AQMS) — SEC Filings

Overview

Aqua Metals, INC. (AQMS) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Nov 12, 2025: Aqua Metals, Inc. (AQMS) reported a net loss of $18.21 million for the nine months ended September 30, 2025, an increase from $17.11 million in the same period of 2024. The company's loss from operations also widened to $18.78 million in 2025 from $17.17 million in 2024. A significant non-cash impai

Sentiment Summary

Across 35 filings, the sentiment breakdown is: 5 bearish, 28 neutral, 2 mixed. The dominant filing sentiment for Aqua Metals, INC. is neutral.

Filing Type Overview

Aqua Metals, INC. (AQMS) has filed 21 8-K, 6 10-Q, 2 S-1, 3 DEF 14A, 2 10-K, 1 SC 13G/A with the SEC between Feb 2024 to Dec 2025.

Filings by Year

2025 · 2024

Recent Filings (35)

• 8-K Filing — 8-K · Dec 2, 2025
• Aqua Metals' Losses Widen Amid Facility Sale, Secures $12M Post-Q3 — 10-Q · Nov 12, 2025 Risk: high
  Aqua Metals, Inc. (AQMS) reported a net loss of $18.21 million for the nine months ended September 30, 2025, an increase from $17.11 million in the same period
• Aqua Metals Files 8-K: Material Agreement & Equity Sales — 8-K · Oct 16, 2025 Risk: medium
  Aqua Metals, Inc. announced on October 15, 2025, that it entered into a material definitive agreement. The company also reported on unregistered sales of equity
• Aqua Metals Files S-1 for Lincoln Park Resale, Seeks $9.1M More Funding — S-1 · Oct 2, 2025 Risk: high
  Aqua Metals, Inc. (AQMS) filed an S-1 to register up to 1,000,000 shares of common stock for resale by Lincoln Park Capital Fund, LLC, stemming from a May 15, 2
• Aqua Metals Faces Delisting Notice — 8-K · Sep 8, 2025 Risk: high
  Aqua Metals, Inc. filed an 8-K on September 8, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earlie
• Aqua Metals' Losses Mount Amid Asset Sale, Liquidity Concerns — 10-Q · Aug 13, 2025 Risk: high
  Aqua Metals, Inc. (AQMS) reported a significant net loss of $15,085,000 for the six months ended June 30, 2025, an increase from the $11,902,000 net loss in the
• Aqua Metals Stockholders to Vote on Share Increase — 8-K · Jul 24, 2025 Risk: medium
  Aqua Metals, Inc. filed an 8-K on July 24, 2025, reporting that a special meeting of stockholders will be held on August 22, 2025. The primary purpose of this m
• Aqua Metals Faces Delisting Concerns — 8-K · Jul 3, 2025 Risk: high
  Aqua Metals, Inc. filed an 8-K on July 3, 2025, to report a notice of delisting or failure to satisfy a continued listing rule or standard, or a transfer of lis
• Aqua Metals DEF 14A Details Executive Equity Compensation — DEF 14A · Jun 23, 2025 Risk: low
  Aqua Metals, Inc.'s DEF 14A filing for the period ending December 31, 2024, primarily details executive compensation and governance matters, rather than providi
• Aqua Metals Changes Fiscal Year End — 8-K · Jun 13, 2025 Risk: low
  Aqua Metals, Inc. filed an 8-K on June 13, 2025, reporting a change in its fiscal year end from December 31 to June 30, effective June 9, 2025. This change will
• Aqua Metals Files S-1 for Continuous Offering, Signaling Capital Raise — S-1 · Jun 4, 2025 Risk: medium
  Aqua Metals, Inc. (AQMS) filed an S-1 registration statement on June 4, 2025, for a delayed or continuous offering of securities under Rule 415. The company, cl
• Aqua Metals Appoints New CEO and Directors — 8-K · May 29, 2025 Risk: medium
  Aqua Metals, Inc. announced on May 22, 2025, a series of executive and board changes. Dr. Stephen E. Phelps has been appointed as the new Chief Executive Office
• Aqua Metals Enters Material Definitive Agreement — 8-K · May 16, 2025 Risk: medium
  Aqua Metals, Inc. announced on May 12, 2025, that it has entered into a material definitive agreement. The company, incorporated in Delaware with its principal
• Aqua Metals Announces Board and Compensation Changes — 8-K · May 13, 2025 Risk: low
  Aqua Metals, Inc. announced on May 7, 2025, a change in its board of directors and executive compensation arrangements. Specifically, the company elected a new
• Aqua Metals Q1 2025: Assets $8.39M, Liabilities $7.76M — 10-Q · May 8, 2025 Risk: medium
  Aqua Metals, Inc. filed its Q1 2025 10-Q report on May 8, 2025, for the period ending March 31, 2025. The company reported total assets of $8.389 million and to
• Aqua Metals Announces Executive and Board Changes — 8-K · May 1, 2025 Risk: medium
  Aqua Metals, Inc. announced on April 25, 2025, a series of executive and board changes. These include the appointment of Dr. Stephen E. Phelps as Chief Technolo
• Aqua Metals Reports 2024 Results — 10-K · Mar 31, 2025 Risk: medium
  Aqua Metals, Inc. filed its 2024 10-K on March 31, 2025, reporting on its fiscal year ending December 31, 2024. The company's primary business involves secondar
• Aqua Metals Reports Director/Officer Changes & Financials — 8-K · Feb 7, 2025 Risk: medium
  Aqua Metals, Inc. filed an 8-K on February 7, 2025, reporting events as of February 3, 2025. The filing pertains to the departure of directors or certain office
• Aqua Metals Enters Material Agreement, Reports Equity Sales — 8-K · Dec 23, 2024 Risk: medium
  Aqua Metals, Inc. entered into a Material Definitive Agreement on December 18, 2024, which also created a direct financial obligation for the registrant. The co
• Aqua Metals Q3 2024: Assets $6.86M, Liabilities $5.42M — 10-Q · Nov 14, 2024 Risk: medium
  Aqua Metals, Inc. filed its Q3 2024 10-Q report on November 14, 2024, detailing its financial position as of September 30, 2024. The company reported total asse
• Aqua Metals Files 8-K on Shareholder Votes & Financials — 8-K · Nov 1, 2024 Risk: low
  Aqua Metals, Inc. filed an 8-K on October 28, 2024, reporting on matters submitted to a vote of security holders and financial statements. The filing also indic
• Aqua Metals Sets Special Shareholder Meeting for Oct 28 — DEF 14A · Sep 27, 2024 Risk: medium
  Aqua Metals, Inc. is holding a Special Meeting of Stockholders on October 28, 2024, to vote on key proposals. The definitive proxy statement, filed on September
• Aqua Metals Faces Delisting Concerns — 8-K · Sep 6, 2024 Risk: high
  Aqua Metals, Inc. filed an 8-K on September 6, 2024, to report a notice of delisting or failure to satisfy a continued listing rule or standard. The company is
• Aqua Metals Terminates Material Definitive Agreement — 8-K · Aug 30, 2024 Risk: medium
  Aqua Metals, Inc. announced on August 29, 2024, the termination of a material definitive agreement. The company, incorporated in Delaware, is involved in the se
• Aqua Metals Elects New Directors, Updates Compensation — 8-K · Aug 22, 2024 Risk: low
  Aqua Metals, Inc. announced on August 21, 2024, a change in its board of directors. Specifically, the company elected two new directors, Dr. David L. Johnson an
• Aqua Metals Reports Q2 Loss Amid Facility Build-Out — 10-Q · Aug 14, 2024 Risk: medium
  Aqua Metals, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported total assets of $134.3 million and total liabilities of $0.4 million.
• Aqua Metals Appoints New Directors, Adjusts Executive Compensation — 8-K · Aug 8, 2024 Risk: medium
  Aqua Metals, Inc. announced on August 2, 2024, changes in its executive and director roles. The company elected David L. Johnson and Michael J. Smith to its Boa
• Aqua Metals Files 8-K on Operations and Financials — 8-K · Aug 5, 2024 Risk: low
  Aqua Metals, Inc. filed an 8-K on August 5, 2024, reporting on its results of operations and financial condition. The filing includes financial statements and e
• Aqua Metals Reports on Security Holder Votes — 8-K · May 23, 2024 Risk: low
  Aqua Metals, Inc. filed an 8-K on May 23, 2024, to report on matters submitted to a vote of its security holders. The filing does not contain specific details a
• Aqua Metals, Inc. Files 10-Q for Period Ending March 31, 2024 — 10-Q · May 15, 2024 Risk: medium
  Aqua Metals, Inc. (AQMS) filed a Quarterly Report (10-Q) with the SEC on May 15, 2024. Aqua Metals, Inc. reported financial results for the first quarter of 202
• Aqua Metals, Inc. Announces 2024 Annual Meeting of Stockholders — DEF 14A · Apr 16, 2024 Risk: low
  Aqua Metals, Inc. (AQMS) filed a Proxy Statement (DEF 14A) with the SEC on April 16, 2024. The 2024 Annual Meeting of Stockholders for Aqua Metals, Inc. will be
• Aqua Metals Appoints New Director, Sees Another Depart — 8-K · Apr 10, 2024 Risk: low
  Aqua Metals, Inc. announced on April 4, 2024, a change in its board of directors. Specifically, Dr. Stephen E. E. Phelps has been appointed as a new director, a
• Aqua Metals, Inc. Files 2023 10-K Report — 10-K · Mar 28, 2024 Risk: medium
  Aqua Metals, Inc. (AQMS) filed a Annual Report (10-K) with the SEC on March 28, 2024. Aqua Metals, Inc. reported $0 in revenue for the fiscal year ended Decembe
• Aqua Metals Files 8-K on Financials — 8-K · Mar 27, 2024 Risk: low
  Aqua Metals, Inc. filed an 8-K on March 27, 2024, reporting on its results of operations and financial condition. The filing includes financial statements and e
• Robert W. Baird & Co. Maintains Significant Stake in Aqua Metals — SC 13G/A · Feb 12, 2024 Risk: low
  Robert W. Baird & Co. Incorporated filed an amended SC 13G/A on February 12, 2024, disclosing its beneficial ownership in Aqua Metals, Inc. as of December 31, 2

Risk Profile

Risk Assessment: Of AQMS's 34 recent filings, 6 were flagged as high-risk, 17 as medium-risk, and 11 as low-risk. The overall risk profile suggests moderate risk with a balanced mix of positive and cautionary disclosures.

Financial Highlights

Key financial metrics from Aqua Metals, INC.'s most recent 10-Q filing (Nov 12, 2025):

• Net Income: -$18.21M
• Cash Position: $3.59M
• Total Assets: $10.50M
• Total Debt: $3.98M

Key Executives

• Stephen Cotton
• Daniel K. Donahue
• Non-PEO/NEO
• Dr. Stephen E. Phelps
• Ms. Jennifer L. Johnson
• Mr. David L. Johnson
• Ms. Sarah E. Johnson
• Dr. David L. Johnson
• David L. Johnson
• Michael J. Smith
• Dr. Stephen R. Clarke
• Dr. Stephen E. E. Phelps

Industry Context

The battery recycling industry is experiencing rapid growth driven by the increasing demand for electric vehicles and the need for sustainable resource management. Key players are focused on developing efficient and cost-effective recycling technologies to recover valuable metals like lithium, cobalt, and nickel. Competition is intensifying as new entrants and established companies invest in advanced recycling processes and infrastructure.

Top Tags

financials (5) · material-agreement (4) · board-changes (4) · 10-Q (4) · Equity Financing (3) · delisting (3) · listing-standards (3) · operations (3) · financial-reporting (3) · Battery Recycling (2)

Key Numbers

• Net Loss: $18.21M — for the nine months ended September 30, 2025, increased from $17.11M in 2024
• Impairment and Loss on Disposal of Property, Plant and Equipment: $9.04M — primarily from the sale of the TRIC facility
• Cash and Cash Equivalents: $3.59M — as of September 30, 2025, down from $4.08M at December 31, 2024
• Net Cash Used in Operating Activities: $7.65M — for the nine months ended September 30, 2025
• Net Proceeds from Offering: $12.00M — received on October 16, 2025, from a registered direct offering and private placement
• Available ELOC Capacity: $9.10M — remaining under the Equity Line of Credit as of September 30, 2025
• Reverse Stock Splits: 2 — one-for-20 on Nov 5, 2024, and one-for-10 on Aug 4, 2025
• Accumulated Deficit: $265.98M — as of September 30, 2025
• Maximum commitment from Lincoln Park: $10,000,000 — Aggregate amount of shares Lincoln Park committed to purchase under the Purchase Agreement
• Shares of common stock offered for resale: 1,000,000 — Maximum number of shares Lincoln Park may sell from time to time
• Gross proceeds from prior sales to Lincoln Park: $903,392 — Amount of common stock sold to Lincoln Park prior to this prospectus
• Potential future gross proceeds: $9,096,608 — Maximum aggregate gross proceeds Aqua Metals may receive from future sales to Lincoln Park
• Closing price of common stock: $6.77 — Closing price on Nasdaq Capital Market on October 1, 2025
• Shares of Common Stock Outstanding Prior to This Offering: 1,848,968 — Total shares outstanding before the potential 1,000,000 share issuance to Lincoln Park
• Shares of Common Stock Outstanding After This Offering: 2,848,968 — Total shares outstanding assuming the full 1,000,000 shares are issued to Lincoln Park

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