Aquestive Therapeutics, Inc. (AQST)

NASDAQ: AQST · Real-Time Price · USD

4.850

+0.040 (0.83%)

Sep 16, 2026, 10:27 AM EDT - Market open

Aquestive Therapeutics Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	54.09	44.55	57.56	50.58	47.68	50.83
Revenue Growth	22.56%	-22.61%	13.79%	6.09%	-6.20%	10.87%
Gross Profit	36.26	25.99	39.69	29.75	28.29	35.84
Operating Income	-52.75	-71.05	-30.77	-15.1	-42.07	-34.68
Net Income	-78.23	-83.78	-44.14	-7.87	-54.41	-70.54
Earnings Per Share	-0.65	-0.78	-0.51	-0.13	-1.12	-1.85
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
United States	43.75	29.6	39.93	37.1	40.79	42.86
Ex-United States	10.34	14.94	17.63	13.48	6.89	7.97
Total	54.09	44.55	57.56	50.58	47.68	50.83

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	98.49	121.17	71.55	23.87	27.27	28.02
Total Debt	59.03	42.48	38	33.32	57.49	56.42
Net Cash (Debt)	39.46	78.69	33.54	-9.45	-30.22	-28.4
Net Cash Growth	94.59%	134.59%	-	-	-	-
Net Cash Per Share	0.33	0.74	0.39	-0.15	-0.62	-0.75

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-45.37	-52.43	-35.76	-6.38	-9.82	-32.98
Capital Expenditures	-0.58	-0.56	-0.16	-1	-1.02	-0.91
Free Cash Flow	-45.95	-52.99	-35.92	-7.38	-10.84	-33.89
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	67.04%	58.34%	68.95%	58.82%	59.34%	70.51%
Operating Margin	-97.52%	-159.50%	-53.46%	-29.86%	-88.23%	-68.22%
Pretax Margin	-144.63%	-188.09%	-76.70%	-15.07%	-114.11%	-138.77%
Profit Margin	-144.63%	-188.09%	-76.68%	-15.56%	-114.12%	-138.77%
FCF Margin	-84.95%	-118.97%	-62.40%	-14.58%	-22.74%	-66.67%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 16, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PS Ratio	11.16	17.69	5.64	2.67	1.02	3.07