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Aquestive Therapeutics, Inc. AQST Q3 2025 earnings

Reported November 5, 2025 · After market close

Revenue$12.8MMiss by $136.5K
EPS-$0.14Miss by $0.03
Revenue estimate$12.9M
EPS estimate-$0.11

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$11.0M
EPS estimate-$0.10

Financials

Q3 2025

Income statement

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Revenue$12.8M-5.4%
Gross profit$8.3M-8.8%
Operating income-$11.5M-38.5%
Net income-$15.4M-34.2%
EPS (diluted)-$0.14-7.7%

Balance sheet

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Cash & equivalents$129.1M+65.7%
Total debt$59.6M+17.9%
Total equity-$4.1M+91.0%
Total assets$163.6M+48.7%

Cash flow

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Operating cash flow-$12.6M-6.5%
CapEx$235.0K+194%
Free cash flow-$12.9M-7.7%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$676.24M+49.1%
Enterprise value$606.83M+42.4%
P/S15.6×+7.9×

Profitability

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Gross margin60.3%-9.1pp
Operating margin-128.6%-210pp
Net margin-158.9%-400pp
FCF margin-117.4%-10,227pp

Returns & leverage

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Current ratio5.9×-0.4×

Segments

By product

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Manufacture and supply revenue$11.5M+7.5%
License and royalty revenue (a)$1.0M-52.0%
Co-development and research fees$302.0K-38.6%

By segment

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Reportable Segment$12.8M-5.4%

FAQ

When did Aquestive Therapeutics, Inc. report Q3 2025 earnings?
Aquestive Therapeutics, Inc. (AQST) reported Q3 2025 earnings on November 5, 2025 after market close.
What were Aquestive Therapeutics, Inc.'s Q3 2025 revenue and EPS?
Aquestive Therapeutics, Inc. reported revenue of $12.8M and eps of $-0.14 for Q3 2025.
Did Aquestive Therapeutics, Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $12.9M by $136.5K. EPS missed the consensus estimate of $-0.11 by $0.03.
How did Aquestive Therapeutics, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 5.4% from $13.5M a year earlier and eps declined 7.7% from $-0.13.
Where can I find Aquestive Therapeutics, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001398733-25-000027) and the 10-Q periodic report (0001398733-25-000028) directly on SEC EDGAR. The filing index links above go to sec.gov.