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Manufacture and supply revenue
$11.91M+24.3%
License and royalty revenue (a)
$1.33M+58.0%
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 itemJune 30, 2026December 31, 2025
Liability related to the sale of future revenue, net at beginning of the period$63,023$63,718
Royalties related to the sale of future revenue(976)(938)
Amortization of issuance costs121243
Liability related to the sale of future revenue, net at end of the period (includes current portion of $1,000 and $1,000, respectively)$62,168$63,023

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s royalty — revenue?
Aquestive Therapeutics, Inc. (AQST) reported royalty — revenue of $976K in Q2 2026.
How has Aquestive Therapeutics, Inc.'s royalty — revenue changed year-over-year?
Aquestive Therapeutics, Inc.'s royalty — revenue increased by 6.8% year-over-year, from $914K to $976K.
What is the long-term trend for Aquestive Therapeutics, Inc.'s royalty — revenue?
Over 3 years (2021 to 2025), Aquestive Therapeutics, Inc.'s royalty — revenue has grown at a -5.2% compound annual growth rate (CAGR), from -$1.1M to $938K.
What does royalty — revenue mean?
This metric represents the total gross income recognized from intellectual property licensing agreements and royalty-bearing product sales within the specific business segment. It reflects the company's ability to monetize its proprietary technology and pharmaceutical formulations through third-party commercialization or partnership arrangements. Monitoring this revenue stream is essential for assessing the long-term value of the company's patent portfolio and the success of its out-licensing strategy.

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