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Aquestive Therapeutics, Inc. AQST Personnel costs — R&D

Other product segments

Anaphylm project expenses
$1.21M-40.1%
Other
$443K-44.0%
AQST-108 project expenses
$243K+12,050%

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INSMTPIP external R&D expenses — R&D
$38.94M+88.6%

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
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
Selling expenses:
Personnel costs31,7306083,3741,302

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s personnel costs — R&D?
Aquestive Therapeutics, Inc. (AQST) reported personnel costs — R&D of $2.18M in Q2 2026.
How has Aquestive Therapeutics, Inc.'s personnel costs — R&D changed year-over-year?
Aquestive Therapeutics, Inc.'s personnel costs — R&D decreased by 1.7% year-over-year, from $2.22M to $2.18M.
What is the long-term trend for Aquestive Therapeutics, Inc.'s personnel costs — R&D?
Over 2 years (2023 to 2025), Aquestive Therapeutics, Inc.'s personnel costs — R&D has grown at a 17.8% compound annual growth rate (CAGR), from $6.23M to $8.65M.
What does personnel costs — R&D mean?
This metric represents the total compensation and benefits expenses allocated to employees directly involved in research and development activities. It reflects the company's investment in human capital required to drive innovation, clinical trials, and the advancement of the product pipeline. Monitoring this cost helps investors assess the company's commitment to long-term growth through scientific development.

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