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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+40.4%
Enterprise value$459.23M+31.5%
P/S9.1×+1.2×

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:ContractWithCustomerLiabilityNoncurrent.

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
Royalty obligations, net27,83525,941
Liability related to the sale of future revenue, net61,16862,023
Lease liabilities7,5254,337
Deferred revenue, net of current portion18,84519,390
Other non-current liabilities6,1857,269
Total liabilities188,690194,087
Contingencies (Note 20)
Stockholders’ deficit:

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s contract liabilities?
Aquestive Therapeutics, Inc. (AQST) reported contract liabilities of $18.85M in Q2 2026.
How has Aquestive Therapeutics, Inc.'s contract liabilities changed year-over-year?
Aquestive Therapeutics, Inc.'s contract liabilities decreased by 5.5% year-over-year, from $19.94M to $18.85M.
What is the long-term trend for Aquestive Therapeutics, Inc.'s contract liabilities?
Over 5 years (2020 to 2025), Aquestive Therapeutics, Inc.'s contract liabilities has grown at a 39.8% compound annual growth rate (CAGR), from $3.63M to $19.39M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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