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Aquestive Therapeutics, Inc. AQST Royalty Obligations, Net

Royalty Obligations, Net at other companies

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BioCryst PharmaceuticalsBCRX
-$31.48M-19.6%
Tarsus Pharmaceuticals, Inc. logo
Tarsus Pharmaceuticals, Inc.TARS
$7.27M+85.6%
Carter's logo
Carter'sCRI
$4.53M-6.0%
Ardelyx logo
ArdelyxARDX
$6.5M+1.4%
Ondas, Inc.
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Ondas, Inc. ONDS
$85.5K+23.5%
BridgeBio Pharma logo
BridgeBio PharmaBBIO
$871.19M+75.2%

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 aqst:RoyaltyObligationsNet.

The official record: Aquestive Therapeutics, Inc.’s 10-K, filed March 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aquestive Therapeutics, Inc.'s royalty obligations, net?
Aquestive Therapeutics, Inc. (AQST) reported royalty obligations, net of $25.94M in Q4 2025.
What is the long-term trend for Aquestive Therapeutics, Inc.'s royalty obligations, net?
Over 2 years (2023 to 2025), Aquestive Therapeutics, Inc.'s royalty obligations, net has grown at a 32.6% compound annual growth rate (CAGR), from $14.76M to $25.94M.
What does royalty obligations, net mean?
This represents the net liability owed to third parties for the use of licensed technology or intellectual property, adjusted for any prepayments or offsets. It reflects the ongoing cost of maintaining access to essential patents or drug delivery platforms. Managing this obligation is crucial for maintaining long-term profitability in a licensing-heavy business model.