Aqua Metals Inc. (AQMS) carries a Roarable Rating of D- (Sell) with 36/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-03, Aqua Metals Inc. (NASDAQ: AQMS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $1.41 (+3.68% 1D, market cap $4.8M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 5/20. Across 486 tracked Industrials issuers, AQMS ranks #369 in composite RQD confidence.
Within the Industrials sector (Metal Fabrications), AQMS carries a Roarable D- (36/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, GWAV (Greenwave Technology Solutions Inc.) holds a E grade (31/100 RQD, P/E N/A, ROIC -35.0%, cap $5.7M) and HIHO (Highway Holdings Limited) posts a D- grade (42/100 RQD, P/E N/A, ROIC —, cap $3.9M). Among the 5-stock peer group, AQMS leads on earnings multiple (N/A) while AIOS leads on capital efficiency (29.9% ROIC).
Per AQMS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001621832), Aqua Metals Inc. generated $65.3M in revenue (-2.2% YoY), -$22.6M in net income, and -$10.7M in free cash flow against $19.7M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 3/9
SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin
Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)
While AQMS currently carries a cautious 36/100 (D-) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Industrials with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($2.18) and Max Pain ($1.48) forces dealer call-delta covering toward $9.13.
Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.72% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Aqua Metals Inc. (AQMS) surged +3.68% to $1.41, trading at 2% of its 52-week range ($1.27 – $8.7). Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
Benzinga report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
Investing.com UK report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
TradingKey report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
Benzinga report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
Kalkine Media report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
TradingKey report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
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Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. -2.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on AQMS today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for AQMS. Explore sector supply chains on /butterfly.
Across 486 tracked Industrials securities in the Roarable RQD universe, Aqua Metals Inc. (AQMS) ranks #369 by composite RQD confidence (36/100, grade D-) and #462 by equity capitalization ($4.8M). Within this direct 5-issuer industry benchmark cohort, AQMS leads on earnings valuation at N/A trailing P/E, while AIOS leads on capital efficiency and profitability with 29.9% ROIC and 72.0% gross margin. HIHO currently holds the highest overall quantitative score in the immediate peer group at 42/100 (D-) compared with AQMS at 36/100 (D-).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| AQMS
ACTIVE
Aqua Metals Inc. | D- | 36/100 | — | — | -35.0% | +3.68% | $4.8M | Benchmark Subject |
| GWAV Greenwave Technology Solutions Inc. | E | 31/100 | — | — | -35.0% | +5.24% | $5.7M | /gwav-vs-aqms → |
| HIHO Highway Holdings Limited | D- | 42/100 | — | 96.0% | — | +7.40% | $3.9M | /hiho-vs-aqms → |
| TPCS TechPrecision Corporation | E | 29/100 | — | 15.7% | -10.6% | -0.93% | $54.2M | /tpcs-vs-aqms → |
| AIOS AIOS Tech Inc. (Class A) | D- | 42/100 | — | 72.0% | 29.9% | +4.43% | $74.5M | /aios-vs-aqms → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Aqua Metals Inc. (AQMS) reported GAAP revenue of $65.3M (-2.2% vs. FY2024 revenue of $66.8M , and +261207.2% cumulative change since FY2023) , GAAP net income of -$22.6M, operating cash flow of -$10.3M, and free cash flow of -$10.7M (+50.5% YoY). On the balance sheet, AQMS closed FY2025 with $19.7M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $65.3M | -$22.6M | -$10.3M | -$10.7M | $19.7M | — |
| FY2024 (FY) | 2024-12-31 | $66.8M | -$24.6M | -$13.6M | -$21.6M | $26.4M | — |
| FY2023 (FY) | 2023-12-31 | $25.0K | -$23.9M | -$3.2M | -$3.2M | — | — |
As of 2026-11-03, Aqua Metals Inc. (NASDAQ: AQMS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $1.41 (+3.68% 1D, market cap $4.8M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 5/20. Across 486 tracked Industrials issuers, AQMS ranks #369 in composite RQD confidence.
Within the Industrials sector (Metal Fabrications), AQMS carries a Roarable D- (36/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, GWAV (Greenwave Technology Solutions Inc.) holds a E grade (31/100 RQD, P/E N/A, ROIC -35.0%, cap $5.7M) and HIHO (Highway Holdings Limited) posts a D- grade (42/100 RQD, P/E N/A, ROIC —, cap $3.9M). Among the 5-stock peer group, AQMS leads on earnings multiple (N/A) while AIOS leads on capital efficiency (29.9% ROIC).
Per AQMS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001621832), Aqua Metals Inc. generated $65.3M in revenue (-2.2% YoY), -$22.6M in net income, and -$10.7M in free cash flow against $19.7M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.
AQMS last traded at $1.41 (+3.68% on volume of 10,567 shares), positioning the stock -35.32% below its 50-day simple moving average ($2.18) and -59.60% below its 200-day simple moving average ($3.49). Across its 52-week range of $1.27 to $8.70, AQMS sits at the 1.9% percentile with a 14-day RSI of 27.3 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.23 to $1.59).
Aqua Metals Inc. (AQMS) earns a live Roarable RQD composite score of 36/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $1.41 (+3.68% 1D, market capitalization $4.8M).
Aqua Metals Inc. (AQMS) is a NASDAQ-listed issuer in the Industrials sector, Metal Fabrications industry (per the company profile). The profile describes the company as operating in Metal Fabrications with a market capitalization of $0.0B. Per the market data, gross, operating, and net margins are each 0%. Revenue is reported as — across the financial periods provided.
In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Aqua Metals Inc. (AQMS) reported $65.3M in annual revenue (up from $66.8M in FY2024, -2.2% YoY) and -$22.6M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($25.0K revenue, -$23.9M net income) through FY2025, AQMS scaled operating cash flow to -$10.3M and free cash flow to -$10.7M, backed by $19.7M in total assets against $0 in total debt.
Operating in Metal Fabrications (Industrials), AQMS carries a macro regime beta of 1.00 and gross margin of —.
Real-time company headlines, analyst actions, and sector developments for Aqua Metals Inc. (AQMS) • Click "Debate This Headline" to argue it in the Roar Pit below
Benzinga report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
Investing.com UK report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
TradingKey report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
Benzinga report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
Kalkine Media report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
TradingKey report covering Aqua Metals Inc. (AQMS) market action, institutional positioning, and fundamental catalysts.
Don't sleep on AQMS's setup in Industrials. Cash rose from $4.1M to $10.8M between FY 2024 and FY 2025 while the balance sheet scores 10/20 on Altman Z 2.5 and Debt/Equity 0.5.. Beta of 1.0 means it moves fast when momentum turns, and the 5-pillar RQD gauge (36/100) backs up the fundamental quality.
@MultipleCompression Fair point on current EV/EBITDA multiples, but you're ignoring the forward operating leverage in Metal Fabrications. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.
Here is the bear case nobody on the bull side wants to address on AQMS: ROIC is -35%, FCF yield is 0%, and the company posted net losses in all three reported fiscal years with institutional flow scored at 3/20.. At current EV/EBITDA multiples, even a small guidance miss in Metal Fabrications triggers a 12-15% air pocket.
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