AQMS (Aqua Metals) Gross Margin %: 0.00% (As of Mar. 2026)


AQMS Aqua Metals Inc AQMS
25 GF Score
Price $2.90
! 3 Warning Signs
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What is Aqua Metals Gross Margin %?

Aqua Metals AQMS -2.68% 25 Gross Margin % is 0.00% as of Mar. 2026. GuruFocus rates AQMS with a GF Score™ of 25/100. The stock has 3 warning signs investors should review. Among 236 Waste Management companies, Aqua Metals ranks worse than 423728.39% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Aqua Metals's Gross Profit for the three months ended in Mar. 2026 was $-0.50 Mil. Aqua Metals's Revenue for the three months ended in Mar. 2026 was $0.00 Mil. Therefore, Aqua Metals's Gross Margin % for the quarter that ended in Mar. 2026 was 0.00%.


The historical rank and industry rank for Aqua Metals's Gross Margin % or its related term are showing as below:


During the past 12 years, the highest Gross Margin % of Aqua Metals was -356.94%. The lowest was -98875.00%. And the median was -3956.07%.

AQMS's Gross Margin % is not ranked *
in the Waste Management industry.
Industry Median: 27.35
* Ranked among companies with meaningful Gross Margin % only.

Aqua Metals had a gross margin of % for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Aqua Metals was 0.00% per year.


Aqua Metals  (NAS:AQMS) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Aqua Metals had a gross margin of % for the quarter that ended in Mar. 2026 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Aqua Metals Gross Margin % Related Terms


Aqua Metals Gross Margin % Historical Data

* Premium members only.

The historical data trend for Aqua Metals's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aqua Metals Gross Margin % Chart

Aqua Metals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,956.07 -98,875.00 -25,028.00 0.00 0.00

Aqua Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

AQMS vs AWX, OCLN, CDTG: Gross Margin % Comparison

For the Waste Management subindustry, Aqua Metals's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aqua Metals Gross Margin % vs Waste Management Industry

For the Waste Management industry and Industrials sector, Aqua Metals's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Aqua Metals's Gross Margin % falls into.


AQMS
25GF Score
Aqua Metals Inc AQMS
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Aqua Metals Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Aqua Metals's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-2.4 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 2.407) / 0
= %

Aqua Metals's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-0.5 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.501) / 0
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 0.00% mean?
Aqua Metals (AQMS) has a Gross Margin % of 0.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Aqua Metals and its competitors. According to the industry distribution chart, Aqua Metals ranks #999999 out of 236 companies in the Waste Management industry.
Is Aqua Metals' Gross Margin % too high?
Aqua Metals' current Gross Margin % is 0.00%. Based on the distribution chart, Aqua Metals ranks #999999 out of 236 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Aqua Metals has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Aqua Metals' Gross Margin % compare to AWX and OCLN?
According to the Waste Management industry distribution chart, Aqua Metals ranks #999999 out of 236 companies for Gross Margin %. This places Aqua Metals in the lower half of its industry. The industry median Gross Margin % is 27.35. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Waste Management company?
The median Gross Margin % among Waste Management companies is 27.35, based on 236 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Aqua Metals and its competitors. For the Waste Management industry, the median Gross Margin % is 27.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqua Metals's current Gross Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqua Metals stock overvalued right now?
Aqua Metals (AQMS) has a current Gross Margin % of 0.00%. The current Gross Margin % is 0.00%. Aqua Metals' overall GF Score™ is 25/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Aqua Metals (AQMS), the current Gross Margin % is 0.00% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Aqua Metals Business Description

Other Exchanges 0HH6:UK
Address 5370 Kietzke Lane, Suite 201, Reno, NV, USA, 89511
Aqua Metals Inc is developing and seeking to commercialize proprietary recycling and refining technologies for the recovery of critical minerals and metals. Its patented and patent-pending AquaRefining process is an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system powered by electricity. Its idea is to reduce CAPEX and OPEX costs, reduce emissions, hazardous waste, and reliance on conventional smelting and chemical-intensive refining processes. It has one operating segment: sustainable metals recycling. It focused on the development and commercialization of AquaRefining technology for the clean and efficient recovery of valuable metals from lead-acid and lithium-ion batteries.
25GF Score

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