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

Other product segments

Manufacture and supply revenue
$8.79M
Co-development and research fees
$258K
Proprietary product revenue, net
$0

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PFERoyalty — Revenue
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Other financials

Income statement

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Revenue$14.4M+65.7%
Gross profit$11.0M+117%
Operating income-$4.2M+78.3%
Net income-$8.1M+64.9%
EPS (diluted)-$0.07+70.8%

Balance sheet

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Cash & equivalents$110.7M+61.3%
Total debt$64.4M+7.4%
Total equity-$34.1M+44.1%
Total assets$141.1M+38.0%

Cash flow

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Operating cash flow-$14.8M+36.7%
CapEx$52.0K-61.5%
Free cash flow-$14.9M+36.9%

Valuation

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Market cap$560.13M+73.5%
Enterprise value$513.76M+63.6%
P/S11.1×+5.2×

Profitability

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Gross margin63.5%-4.9pp
Operating margin-111.2%+96.3pp
Net margin-137.1%+80.7pp
FCF margin-88.2%-2.2pp

Returns & leverage

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Return on equity145.1%
Debt / equity-1.9×
Current ratio4.1×-0.8×

Where this comes from

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

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Aquestive Therapeutics, Inc.’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aquestive Therapeutics, Inc.'s license and royalty revenue a — revenue?
Aquestive Therapeutics, Inc. (AQST) reported license and royalty revenue a — revenue of $500K 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 decreased by 40.4% year-over-year, from $839K to $500K.
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.