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Segments

By product

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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

By segment

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Reportable Segment$13.82M+38.1%

By geography

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United States$9.33M

Other financials

Income statement

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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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues$13,819$10,003$28,265$18,723
Costs and expenses:
Manufacture and supply4,0174,5617,4868,213
Research and development3,9624,1058,1669,466
Selling, general and administrative14,06312,70525,04031,777
Total costs and expenses22,04221,37140,69249,456
Loss from operations(8,223)(11,368)(12,427)(30,733)
Other income/(expenses):

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s total revenue?
Aquestive Therapeutics, Inc. (AQST) reported total revenue of $13.82M in Q2 2026.
How has Aquestive Therapeutics, Inc.'s total revenue changed year-over-year?
Aquestive Therapeutics, Inc.'s total revenue increased by 38.1% year-over-year, from $10M to $13.82M.
What is the long-term trend for Aquestive Therapeutics, Inc.'s total revenue?
Over 4 years (2021 to 2025), Aquestive Therapeutics, Inc.'s total revenue has grown at a -3.2% compound annual growth rate (CAGR), from $50.83M to $44.55M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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