Aquestive Therapeutics, Inc. logo

Aquestive Therapeutics, Inc.

AQST

NASDAQHealthcareDrug Manufacturers - Specialty & Generic

Previous close

$4.66

+$0.165 · +3.67%

Aug 21, 4:00 PM ET

AQST company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

45

Fair Value

Momentum

42

Neutral

Sentiment

38

Bearish

Risk resilience

31

High Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Aquestive Therapeutics, Inc. is a pharmaceutical company focused on discovering, developing, and commercializing products to address significant unmet medical needs across both the United States and international markets. The company's commercialized portfolio includes: Sympazan, an oral soluble film formulation of clobazam for individuals with Lennox-Gastaut syndrome. Suboxone, a sublingual film containing buprenorphine and naloxone, indicated for the treatment of opioid dependence. Zuplenz, an oral soluble film of ondansetron, used to manage nausea and vomiting associated with chemotherapy and post-operative recovery. Azstarys, a once-daily medication for attention deficit hyperactivity disorder. Aquestive maintains a robust proprietary pipeline of drug candidates. These include: Libervant, a buccal soluble film formulation of diazepam currently in development for the treatment of seizures. Exservan, an oral soluble film of riluzole, aimed at treating amyotrophic lateral sclerosis (ALS). Within its complex molecule pipeline, the company is advancing: AQST-108, a sublingual film designed to deliver systemic epinephrine for conditions other than anaphylaxis. AQST-305, a sublingual film formulation of octreotide for managing acromegaly. AQST-109, an orally administered epinephrine product candidate intended for the emergency treatment of severe allergic reactions, including anaphylaxis. Furthermore, Aquestive Therapeutics played a role in the development of KYNMOBI, a sublingual film formulation of apomorphine, used to address episodic "off" periods in patients with Parkinson's disease. Established in 2004, Aquestive Therapeutics, Inc. is headquartered in Warren, New Jersey.

Industry
Drug Manufacturers - Specialty & Generic
Sector
Healthcare
Headquarters
US
CEO
Daniel Barber
Listed since
Jul 25, 2018
Employees
147

Market position

Day range

Current $4.66

52-week range

Current $4.66

Open
$4.53
Previous close
$4.495
Volume
2.02M
0.9× average
Average volume
2.23M
Average daily volume
Market cap
584.68M USD
Beta
1.43
Market reference 1
50-day average
$4.1699
+11.75% above average
200-day average
$4.4934
+3.71% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
798.18M USD
P/E (TTM)
-7.17×
P/B (TTM)
-10.29×
P/S (TTM)
10.81×
EV / EBITDA
-12.07×
Earnings yield
-10.63%
Free cash flow yield
-6.73%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
67.04%
Operating margin
-97.52%
Net margin
-144.63%
Return on equity
248.90%
Return on assets
-52.23%
Return on invested capital
-55.97%

Financial health

Debt / equity
-1.04×
Current ratio
3.14×
Altman Z-score
-3.42
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends96%-7%-111%-214%Gross margin, FY2021: 70.51%Gross margin, FY2022: 59.34%Gross margin, FY2023: 58.82%Gross margin, FY2024: 68.95%Gross margin, FY2025: 61.49%Operating margin, FY2021: -68.22%Operating margin, FY2022: -88.23%Operating margin, FY2023: -29.86%Operating margin, FY2024: -53.46%Operating margin, FY2025: -156.36%Net margin, FY2021: -138.77%Net margin, FY2022: -114.11%Net margin, FY2023: -15.56%Net margin, FY2024: -76.68%Net margin, FY2025: -188.09%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 70.51%. Gross margin FY2022 59.34%. Gross margin FY2023 58.82%. Gross margin FY2024 68.95%. Gross margin FY2025 61.49%. Operating margin FY2021 -68.22%. Operating margin FY2022 -88.23%. Operating margin FY2023 -29.86%. Operating margin FY2024 -53.46%. Operating margin FY2025 -156.36%. Net margin FY2021 -138.77%. Net margin FY2022 -114.11%. Net margin FY2023 -15.56%. Net margin FY2024 -76.68%. Net margin FY2025 -188.09%.

Income trends

Revenue

44.55M USD-22.61%

Operating income

−69.65M USD-126.35%

Net income

−83.78M USD-89.83%
Income trends across reported periods71.7M USD15.16M USD−41.38M USD−97.92M USDRevenue, FY2021: 50.83M USDRevenue, FY2022: 47.68M USDRevenue, FY2023: 50.58M USDRevenue, FY2024: 57.56M USDRevenue, FY2025: 44.55M USDOperating income, FY2021: −34.68M USDOperating income, FY2022: −42.07M USDOperating income, FY2023: −15.1M USDOperating income, FY2024: −30.77M USDOperating income, FY2025: −69.65M USDNet income, FY2021: −70.54M USDNet income, FY2022: −54.41M USDNet income, FY2023: −7.87M USDNet income, FY2024: −44.14M USDNet income, FY2025: −83.78M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 50.83M USD. Revenue FY2022 47.68M USD. Revenue FY2023 50.58M USD. Revenue FY2024 57.56M USD. Revenue FY2025 44.55M USD. Operating income FY2021 −34.68M USD. Operating income FY2022 −42.07M USD. Operating income FY2023 −15.1M USD. Operating income FY2024 −30.77M USD. Operating income FY2025 −69.65M USD. Net income FY2021 −70.54M USD. Net income FY2022 −54.41M USD. Net income FY2023 −7.87M USD. Net income FY2024 −44.14M USD. Net income FY2025 −83.78M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue44.55M USD57.56M USD50.58M USD47.68M USD50.83M USD
Cost of goods sold17.15M USD17.87M USD20.83M USD19.39M USD14.99M USD
Gross profit27.39M USD39.69M USD29.75M USD28.29M USD35.84M USD
Research and development17.19M USD20.28M USD13.1M USD17.48M USD17.05M USD
Selling, general, and administrative79.85M USD50.18M USD31.75M USD52.88M USD53.48M USD
Operating expenses97.04M USD70.46M USD44.85M USD70.36M USD70.52M USD
Interest income3.44M USD16.32M USD99K USD423K USD
Interest expense17.1M USD16.82M USD7.46M USD12.44M USD22.46M USD
Depreciation and amortization559K USD718K USD1.35M USD2.39M USD2.96M USD
Operating income−69.65M USD−30.77M USD−15.1M USD−42.07M USD−34.68M USD
Net income−83.78M USD−44.14M USD−7.87M USD−54.41M USD−70.54M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
-25.26%
11 comparable reports
Latest EPS result
-0.18
Estimate -0.11 · Miss by 71.43%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.06-0.14-0.22-0.3Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual -0.19, estimate -0.14, surprise -35.71%, Miss. Q2 2025, reported May 12, 2025: actual -0.24, estimate -0.17, surprise -41.18%, Miss. Q3 2025, reported Aug 11, 2025: actual -0.14, estimate -0.18, surprise +22.22%, Beat. Q4 2025, reported Nov 5, 2025: actual -0.14, estimate -0.11, surprise -27.27%, Miss. Q1 2026, reported Mar 4, 2026: actual -0.26, estimate -0.13, surprise -100.00%, Miss. Q2 2026, reported May 13, 2026: actual -0.07, estimate -0.14, surprise +50.00%, Beat. Q3 2026, reported Aug 11, 2026: actual -0.18, estimate -0.105, surprise -71.43%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate -0.13, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates15.02M12.73M10.44M8.14MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual 11.87M USD, estimate 13.11M USD, surprise -9.50%, Miss. Q2 2025, reported May 12, 2025: actual 8.72M USD, estimate 12.23M USD, surprise -28.70%, Miss. Q3 2025, reported Aug 11, 2025: actual 10M USD, estimate 12.2M USD, surprise -17.98%, Miss. Q4 2025, reported Nov 5, 2025: actual 12.81M USD, estimate 12.94M USD, surprise -1.05%, Miss. Q1 2026, reported Mar 4, 2026: actual 13.02M USD, estimate 13.29M USD, surprise -2.04%, Miss. Q2 2026, reported May 13, 2026: actual 14.45M USD, estimate 10.9M USD, surprise +32.58%, Beat. Q3 2026, reported Aug 11, 2026: actual 13.82M USD, estimate 11.42M USD, surprise +21.03%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 11.02M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$9.75

109.23% upside
Past 12 months12-month forecastHigh $12.00Average $9.75Low $6.00

AQST news

AQST peers

ETFs holding AQST

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research AQST

research.disclaimer