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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:WeightedAverageNumberOfDilutedSharesOutstanding.

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
Numerator:
Net loss$(22,864)$(13,548)$(30,921)$(36,478)
Denominator:
Weighted-average number of common shares – basic and diluted124,994,16599,326,701123,808,66697,422,458
Loss per common share – basic and diluted$(0.18)$(0.14)$(0.25)$(0.37)

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s shares (diluted)?
Aquestive Therapeutics, Inc. (AQST) reported shares (diluted) of 125M in Q2 2026.
How has Aquestive Therapeutics, Inc.'s shares (diluted) changed year-over-year?
Aquestive Therapeutics, Inc.'s shares (diluted) increased by 25.8% year-over-year, from 99.3M to 125M.
What is the long-term trend for Aquestive Therapeutics, Inc.'s shares (diluted)?
Over 4 years (2021 to 2025), Aquestive Therapeutics, Inc.'s shares (diluted) has grown at a 28.8% compound annual growth rate (CAGR), from 149.9M to 412.3M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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