Home / Going-concern warnings / Aqua Metals, Inc.
Filed 2026-03-31 路 Form 10-K 路 Accession 0001437749-26-010705 nano
Price before filing: $3.75 (2026-03-30 close, split/dividend-adjusted)
Market cap at flag: $13.9M (2026-03-31) 路 Latest: $5.8M (2026-10-16)
| Window | AQMS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +36.8% | +13.7% | +23.1% | 2026-04-30 |
| 90 days | -20.8% | +17.6% | -38.4% | 2026-06-29 |
| 180 days | -32.8% | +21.8% | -54.6% | 2026-09-28 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"As discussed in Note 1 to the financial statements, the Company has incurred substantial operating losses and negative cash flows from operations since inception that raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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