What is AARD's capex?

AARD (AARD) reported capex of $0 in Q4 2025.

How has AARD's capex changed year-over-year?

AARD's capex decreased by 100.0% year-over-year, from $6K to $0.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

AARD AARD CapEx

CapEx at other companies

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$265M+12.8%

Aquestive Therapeutics, Inc.AQST

$52K-61.5%

ArvinasARVN

$1.3M+225%

Protagonist TherapeuticsPTGX

$215K-60.6%

Arcus BiosciencesRCUS

$0-100%

Other financials

Income statement

See full

Revenue-—

Operating income-$22.5M-115%

Net income-$21.6M-132%

EPS (diluted)-$0.99-39.4%

Balance sheet

See full

Cash & equivalents$62.4M+136%

Total debt$336.0K-53.7%

Total equity$87.0M-42.3%

Total assets$98.6M-37.2%

Cash flow

See full

Operating cash flow-$18.9M-65.7%

Free cash flow-$16.8M-117%

Valuation

See full

Market cap$124.35M-58.6%

Enterprise value$62.25M-77.4%

Returns & leverage

See full

Return on equity-58.8%—

Debt / equity0×0.0×

Current ratio8.1×-17.8×

Where this comes from

Reported directly by AARD in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: AARD’s 10-K, filed March 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AARD's capex?: AARD (AARD) reported capex of $0 in Q4 2025.
How has AARD's capex changed year-over-year?: AARD's capex decreased by 100.0% year-over-year, from $6K to $0.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.