Aqua Metals Inc (AQMS) - Net Assets
Based on the latest financial reports, Aqua Metals Inc (AQMS) has net assets worth $13.13 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($17.12 Million) and total liabilities ($3.99 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AQMS goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $13.13 Million |
| % of Total Assets | 76.67% |
| Annual Growth Rate | N/A |
| 5-Year Change | -46.36% |
| 10-Year Change | -74.08% |
| Growth Volatility | 30.16 |
Aqua Metals Inc - Net Assets Trend (2014–2025)
This chart illustrates how Aqua Metals Inc's net assets have evolved over time, based on quarterly financial data. See AQMS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Aqua Metals Inc (2014–2025)
The table below shows the annual net assets of Aqua Metals Inc from 2014 to 2025. For live valuation and market cap data, see AQMS stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $14.77 Million | -9.07% |
| 2024-12-31 | $16.24 Million | -37.68% |
| 2023-12-31 | $26.06 Million | +24.61% |
| 2022-12-31 | $20.92 Million | -24.03% |
| 2021-12-31 | $27.53 Million | -11.58% |
| 2020-12-31 | $31.14 Million | -37.21% |
| 2019-12-31 | $49.59 Million | -1.00% |
| 2018-12-31 | $50.09 Million | -15.05% |
| 2017-12-31 | $58.97 Million | +3.47% |
| 2016-12-31 | $56.99 Million | +69.28% |
| 2015-12-31 | $33.67 Million | +4475.76% |
| 2014-12-31 | $-769.36K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aqua Metals Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 26804224900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.00K | 0.02% |
| Other Components | $285.18 Million | 1930.83% |
| Total Equity | $14.77 Million | 100.00% |
Aqua Metals Inc Competitors by Market Cap
The table below lists competitors of Aqua Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alice QUEEN Ltd
AU:AQX
|
$10.90 Million |
|
Arita Prima Indonesia Tbk
JK:APII
|
$10.91 Million |
|
Standard Industries Limited
NSE:SIL
|
$10.91 Million |
|
Hiap Huat Holdings Bhd
KLSE:0160
|
$10.91 Million |
|
GOLDSTORM METALS CORP.
F:B2U
|
$10.89 Million |
|
Celsius Resources Limited
F:FX8
|
$10.88 Million |
|
Metals Australia Ltd
AU:MLS
|
$10.87 Million |
|
Unibap AB
ST:UNIBAP
|
$10.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aqua Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,244,000 to 14,770,000, a change of -1,474,000 (-9.1%).
- Net loss of 22,646,000 reduced equity.
- New share issuances of 18,774,000 increased equity.
- Other factors increased equity by 2,398,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-22.65 Million | -153.32% |
| Share Issuances | $18.77 Million | +127.11% |
| Other Changes | $2.40 Million | +16.24% |
| Total Change | $- | -9.07% |
Book Value vs Market Value Analysis
This analysis compares Aqua Metals Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.33x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $-35.26 | $3.24 | x |
| 2015-12-31 | $4.01 | $3.24 | x |
| 2016-12-31 | $746.57 | $3.24 | x |
| 2017-12-31 | $581.13 | $3.24 | x |
| 2018-12-31 | $293.31 | $3.24 | x |
| 2019-12-31 | $189.76 | $3.24 | x |
| 2020-12-31 | $102.33 | $3.24 | x |
| 2021-12-31 | $78.66 | $3.24 | x |
| 2022-12-31 | $55.18 | $3.24 | x |
| 2023-12-31 | $55.50 | $3.24 | x |
| 2024-12-31 | $25.30 | $3.24 | x |
| 2025-12-31 | $9.88 | $3.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aqua Metals Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -153.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.33x
- Recent ROE (-153.32%) is below the historical average (-74.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.67 Million |
| 2015 | -36.63% | 0.00% | 0.00x | 1.40x | $-15.70 Million |
| 2016 | -23.79% | 0.00% | 0.00x | 1.26x | $-19.26 Million |
| 2017 | -45.08% | -1272.99% | 0.03x | 1.26x | $-32.48 Million |
| 2018 | -80.36% | -904.79% | 0.06x | 1.42x | $-45.26 Million |
| 2019 | -90.33% | -919.06% | 0.07x | 1.40x | $-49.75 Million |
| 2020 | -82.73% | -23853.70% | 0.00x | 1.13x | $-28.88 Million |
| 2021 | -66.08% | -10516.18% | 0.01x | 1.21x | $-20.95 Million |
| 2022 | -73.78% | -385775.00% | 0.00x | 1.60x | $-17.52 Million |
| 2023 | -91.84% | -95752.00% | 0.00x | 1.29x | $-26.54 Million |
| 2024 | -151.16% | 0.00% | 0.00x | 1.62x | $-26.18 Million |
| 2025 | -153.32% | 0.00% | 0.00x | 1.33x | $-24.12 Million |
Industry Comparison
This section compares Aqua Metals Inc's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $68,835,564
- Average return on equity (ROE) among peers: 28.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aqua Metals Inc (AQMS) | $13.13 Million | 0.00% | 0.30x | $10.89 Million |
| American Battery Technology Company Common Stock (ABAT) | $-86.14K | 0.00% | 0.00x | $402.91 Million |
| Ambipar Emergency Response (AMBI) | $447.09 Million | 36.12% | 6.69x | $6.48 Million |
| Ambipar Emergency Response (AMBIQ) | $28.67 Million | 0.00% | 1.21x | $3.16 Million |
| Avalon Holdings Corporation (AWX) | $42.92 Million | -2.52% | 0.35x | $8.52 Million |
| CDT Environmental Technology Investment Holdings Limited ordinary shares (CDTG) | $3.68 Million | 157.26% | 1.11x | $5.17 Million |
| Clean Harbors Inc (CLH) | $115.66 Million | 22.15% | 4.31x | $14.71 Billion |
| Casella Waste Systems Inc (CWST) | $-21.60 Million | 0.00% | 0.00x | $5.39 Billion |
| Decent Holding Inc Ordinary Shares (DXST) | $5.02 Million | 41.92% | 1.24x | $3.48 Million |
| Energys Group Limited Ordinary Shares (ENGS) | $-1.83 Million | 0.00% | 0.00x | $13.67 Million |
About Aqua Metals Inc
Aqua Metals, Inc. develops recycling and refining technologies for the recovery of critical minerals and metals in the United States. It engages in the development of AquaRefining process, an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system. The company serves Metals and Lithium Battery markets. … Read more