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Aquestive Therapeutics, Inc. AQST AQST-108 project expenses — R&D

Other product segments

Personnel costs
$1.3M-38.1%
Anaphylm project expenses
$1.21M-40.1%
Other
$443K-44.0%

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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$494.34M+28.9%
Enterprise value$459.23M+20.0%
P/S9.1×+0.5×

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
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
Total Research and Development Expenses3,9624,1058,1669,466

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s AQST-108 project expenses — R&D?
Aquestive Therapeutics, Inc. (AQST) reported AQST-108 project expenses — R&D of $152K in Q2 2026.
How has Aquestive Therapeutics, Inc.'s AQST-108 project expenses — R&D changed year-over-year?
Aquestive Therapeutics, Inc.'s AQST-108 project expenses — R&D decreased by 20.0% year-over-year, from $190K to $152K.
What does AQST-108 project expenses — R&D mean?
This metric represents the direct research and development expenditures specifically allocated to the AQST-108 pharmaceutical development project. It captures the costs associated with clinical trials, formulation development, and regulatory activities required to advance this specific therapeutic candidate toward commercialization. Monitoring these expenses provides insight into the company's capital allocation strategy and the progress of its pipeline toward potential market entry.

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