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Aquestive Therapeutics, Inc. AQST Anaphylm project expenses — R&D

Other product segments

Personnel costs
$1.3M-38.1%
Other
$443K-44.0%
AQST-108 project expenses
$243K+12,050%

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Other financials

Income statement

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Revenue$13.8M+38.1%
Gross profit$9.8M+80.1%
Operating income-$8.2M+27.7%
Net income-$22.9M-68.8%
EPS (diluted)-$0.18-28.6%

Balance sheet

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Cash & equivalents$98.5M+62.7%
Total debt$63.4M+6.0%
Total equity-$56.6M+22.0%
Total assets$132.1M+41.0%

Cash flow

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Operating cash flow-$9.4M-19.3%
CapEx$212.0K+98.1%
Free cash flow-$9.7M-20.3%

Valuation

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Market cap$538.25M+40.4%
Enterprise value$503.14M+31.5%
P/S10×+1.3×

Profitability

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Gross margin67%+5.9pp
Operating margin-97.5%-15.0pp
Net margin-144.6%-2.6pp
FCF margin-85%-17.0pp

Returns & leverage

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Return on equity121.1%
Debt / equity-1.1×
Current ratio7.2×+3.7×

Where this comes from

Reported directly by Aquestive Therapeutics, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Aquestive Therapeutics, Inc.’s 10-Q, filed August 11, 2026.

Filed
Aug 11, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001398733-26-000042
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Costs and expenses:
Total Manufacture and Supply Expenses4,0174,5617,4868,213
R&D Project expenses:
Anaphylm project expenses1,0551,2042,1403,692
AQST-108 project expenses152190710385
R&D other expenses:
Personnel costs12,1812,2184,4234,350
Other25744938931,039

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s anaphylm project expenses — R&D?
Aquestive Therapeutics, Inc. (AQST) reported anaphylm project expenses — R&D of $1.06M in Q2 2026.
How has Aquestive Therapeutics, Inc.'s anaphylm project expenses — R&D changed year-over-year?
Aquestive Therapeutics, Inc.'s anaphylm project expenses — R&D decreased by 12.4% year-over-year, from $1.2M to $1.06M.
What is the long-term trend for Aquestive Therapeutics, Inc.'s anaphylm project expenses — R&D?
Over 2 years (2023 to 2025), Aquestive Therapeutics, Inc.'s anaphylm project expenses — R&D has grown at a -0.1% compound annual growth rate (CAGR), from $5.83M to $5.82M.
What does anaphylm project expenses — R&D mean?
This metric represents the direct research and development expenditures allocated specifically to the Anaphylm product candidate. It captures the costs associated with clinical trials, regulatory filings, and formulation development required to bring this therapeutic for severe allergic reactions to market. Monitoring these expenses provides insight into the company's capital allocation toward its high-priority pipeline assets and the progress of its commercialization timeline.

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