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Aquestive Therapeutics, Inc. AQST License and royalty revenue (a) — Revenue

Other product segments

Manufacture and supply revenue
$11.91M+24.3%
Co-development and research fees
$582K+54.0%
Proprietary product revenue, net
$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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Manufacture and supply revenue$11,911$9,583$20,704$16,776
License and royalty revenue (a)1,3268396,7211,629
Co-development and research fees582378840796
Proprietary product revenue, net(797)(478)
Total revenues$13,819$10,003$28,265$18,723

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s license and royalty revenue (a) — revenue?
Aquestive Therapeutics, Inc. (AQST) reported license and royalty revenue (a) — revenue of $1.33M in Q2 2026.
How has Aquestive Therapeutics, Inc.'s license and royalty revenue (a) — revenue changed year-over-year?
Aquestive Therapeutics, Inc.'s license and royalty revenue (a) — revenue increased by 58.0% year-over-year, from $839K to $1.33M.
What is the long-term trend for Aquestive Therapeutics, Inc.'s license and royalty revenue (a) — revenue?
Over 4 years (2021 to 2025), Aquestive Therapeutics, Inc.'s license and royalty revenue (a) — revenue has grown at a -14.9% compound annual growth rate (CAGR), from $6.71M to $3.52M.
What does license and royalty revenue (a) — revenue mean?
This metric represents the total revenue recognized from licensing intellectual property and royalty payments received from third-party partners for the commercialization of the company's proprietary pharmaceutical technologies. It reflects the monetization of the company's R&D efforts through external partnerships rather than direct product sales. This stream is a key indicator of the company's ability to generate recurring, high-margin cash flow from its technology platform and patent portfolio.

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