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Aquestive Therapeutics, Inc. AQST Business Segments — R&D

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YSSReportable Segment — R&D
$5.29M+20.2%

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
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
Other44442,9127215,174
Total Selling expenses2,1743,5204,0956,476

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s business segments — R&D?
Aquestive Therapeutics, Inc. (AQST) reported business segments — R&D of $3.96M in Q2 2026.
How has Aquestive Therapeutics, Inc.'s business segments — R&D changed year-over-year?
Aquestive Therapeutics, Inc.'s business segments — R&D decreased by 3.5% year-over-year, from $4.11M to $3.96M.
What is the long-term trend for Aquestive Therapeutics, Inc.'s business segments — R&D?
Over 2 years (2023 to 2025), Aquestive Therapeutics, Inc.'s business segments — R&D has grown at a 14.5% compound annual growth rate (CAGR), from $13.1M to $17.19M.
What does business segments — R&D mean?
Captures the expenditures dedicated to the discovery, clinical development, and regulatory advancement of the segment's pharmaceutical pipeline. This investment is critical for long-term value creation and future product commercialization. It reflects the company's commitment to innovation and its strategic focus on addressing unmet medical needs.

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