AQST Cuplikan Saham Harga, kapitalisasi pasar, P/E, EPS, ROE, utang/ekuitas, kisaran 52 minggu

03

Harga $4.17

Kapitalisasi Pasar (MRQ) $523M

P/E (TTM) -6.4

EPS (TTM) $-0.65

Pendapatan (TTM) $54M

ROE (TTM) 121.1%

Rentang 52M $3–$7

AQST Grafik Harga Saham OHLCV harian dengan indikator teknis — geser, perbesar, dan sesuaikan tampilan Anda

04

rentang

batang

Granularitas batang menyesuaikan dengan periode yang dipilih — arahkan kursor ke bagan untuk melihat buka/tinggi/rendah/tutup untuk sebuah batang.

Kinerja 10 Tahun Tren Pendapatan, laba bersih, margin, dan EPS

06

Pendapatan$45M

2017-12-31 → 2025-12-31

EPS$-0.78

2020-12-31 → 2025-12-31

Arus Kas Bebas$-53M

2018-12-31 → 2025-12-31

Margin bersih-144.6%

2018-12-31 → 2025-12-31

Valuasi & Rasio 07–12

Valuasi Rasio P/E, P/S, P/B, EV/EBITDA — apakah sahamnya mahal atau murah?

Metrik	AQST	rata-rata 5T	Median Rekan	Kesimpulan
P/E (TTM)	-6.4rata-rata 5T ≈-6.7	≈-6.7	·	·
P/S (TTM)	9.7rata-rata 5T ≈6.1	≈6.1	4.9	Terlalu mahal
P/B (MRQ)	-9.2rata-rata 5T ≈-6.5	≈-6.5	·	·
Harga / FCF (TTM)	-11.4rata-rata 5T ≈-10.4	≈-10.4	·	·
Harga / Arus Kas (TTM)	-11.5rata-rata 5T ≈-11.2	≈-11.2	·	·

Median rekan dihitung berdasarkan basis standar per metrik dan mungkin tidak selalu cocok dengan basis TTM/MRQ yang ditampilkan untuk saham ini.

Profitabilitas Margin kotor, operasional, dan bersih; ROE, ROA, ROIC

Metrik	AQST	rata-rata 5T	Median Rekan	Kesimpulan
Margin Operasi (TTM)	-97.5%rata-rata 5T ≈-79.9%	≈-79.9%	-5.4%	Lemah
EBITDA Margin (Margin EBITDA)	-159.5%rata-rata 5T ≈-79.9%	≈-79.9%	-5.3%	Lemah
Margin Sebelum Pajak (TTM)	-144.6%rata-rata 5T ≈-106.5%	≈-106.5%	11.2%	Lemah
Margin Laba Bersih (TTM)	-144.6%rata-rata 5T ≈-106.6%	≈-106.6%	-9.6%	Lemah
ROA (TTM)	-69.3%rata-rata 5T ≈-67.5%	≈-67.5%	-20.8%	Lemah
ROE (TTM)	121.1%rata-rata 5T ≈79.2%	≈79.2%	52.4%	Tingkat teratas
ROIC	211.1%rata-rata 5T ≈70.9%	≈70.9%	40.3%	Tingkat teratas

Kesehatan Keuangan Utang, likuiditas, solvabilitas — kekuatan neraca

Metrik	Tren 5 Tahun	AQST	rata-rata 5T	Median Rekan	Kesimpulan
Rasio Lancar (MRQ)		7.2rata-rata 5T ≈2.6	≈2.6	3.5	Likuiditas kuat
Quick Ratio (Rasio Cepat)		0.4	·	2.2	Likuiditas kuat

Pertumbuhan Pertumbuhan Pendapatan, EPS, dan Laba Bersih: YoY, CAGR 3T, CAGR 5T

Metrik	AQST	rata-rata 5T	Median Rekan	Kesimpulan
Revenue YoY (Pendapatan YoY)	-22.6%rata-rata 5T ≈0.39%	≈0.39%	·	·
Revenue CAGR 3Y (CAGR Pendapatan 3T)	-2.2%rata-rata 5T ≈1.8%	≈1.8%	·	·
Revenue CAGR 5Y (CAGR Pendapatan 5T)	-0.58%	·	·	·

Metrik Per Saham EPS, nilai buku per saham, arus kas per saham, dividen per saham

Metrik	AQST	rata-rata 5T	Median Rekan	Kesimpulan
EPS (Diluted)	$-0.78rata-rata 5T ≈$-0.88	≈$-0.88	·	·
Revenue / Share (Pendapatan / Saham)	$0.42rata-rata 5T ≈$0.84	≈$0.84	·	·
Cash Flow / Share (Arus Kas / Saham)	$-0.49rata-rata 5T ≈$-0.41	≈$-0.41	·	·

Efisiensi Modal Perputaran aset, perputaran persediaan, perputaran piutang

Metrik	AQST	rata-rata 5T	Median Rekan	Kesimpulan
Asset Turnover (Perputaran Aset)	0.3rata-rata 5T ≈0.7	≈0.7	0.5	Lemah
Inventory Turnover (Perputaran Persediaan)	3.0rata-rata 5T ≈3.0	≈3.0	1.2	Tingkat teratas
Receivables Turnover (Perputaran Piutang)	3.5	·	4.5	Lemah
Revenue / Employee (Pendapatan Tahunan ÷ karyawan (jumlah karyawan, yfinance). Turunan — bukan konsep SEC-XBRL yang tersimpan.)	≈$303.0K	·	·	·

nilai · ≈ rata-rata 5T · median industri · penilaian relatif terhadap median

Riwayat Pendapatan EPS aktual vs perkiraan, kejutan %, tingkat keberhasilan, tanggal pendapatan berikutnya

14

Kejutan Rata-rata 6.6%

Laporan Berikutnya Nov 03, 2026

Periode	Laporan	EPS Aktual	EPS Estimasi	Kejutan
30 Juni 2026	Agu 11, 2026	$-0.08	$-0.11	24.1%
31 Maret 2026	Mei 13, 2026	$-0.07	$-0.14	50.0%
31 Des. 2025		$-0.15	$-0.14	-10.9%
30 Sep. 2025		$-0.14	$-0.14	-3.6%
30 Juni 2025		$-0.14	$-0.17	18.5%
31 Maret 2025		$-0.24	$-0.17	-38.4%

Fundamental Lengkap Semua metrik per tahun — laporan laba rugi, neraca, arus kas

15

Laporan Laba Rugi 16

Metrik	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue	$45M	$58M	$51M	$48M	$51M	$46M	$53M	$67M	$67M
Cost of Revenue	$19M	$18M	$21M	$19M	·	$13M	$20M	·	·
R&D Expense	$17M	$20M	$13M	$17M	$17M	$20M	$21M	$23M	$22M
SG&A Expense	$80M	$50M	$32M	$53M	$53M	$56M	$64M	$72M	$25M
Operating Expenses	$116M	$88M	$66M	$90M	$86M	$89M	$105M	$116M	$67M
Operating Income	$-71M	$-31M	$-15M	$-42M	$-35M	$-43M	$-53M	$-49M	$-113.0K
Interest Expense	·	·	$6M	$7M	$10M	$11M	$9M	$8M	$8M
Interest Income	·	·	·	·	·	$132.0K	$636.0K	·	·
Pretax Income	$-84M	$-44M	$-8M	$-54M	$-71M	$-56M	$-66M	$-61M	$-9M
Income Tax	$0	$-14.0K	$245.0K	$0	$0	$0	$0	$0	$0
Net Income	$-84M	$-44M	$-8M	$-54M	$-71M	$-56M	$-66M	$-61M	$-9M
EPS (Basic)	$-0.78	$-0.51	$-0.13	$-1.12	$-1.85	$-1.66	·	·	·
EPS (Diluted)	$-0.78	$-0.51	$-0.13	$-1.12	$-1.85	$-1.66	·	·	·
Shares (Basic)	106,926,528	86,726,211	61,255,864	48,734,377	38,077,660	33,651,127	·	·	·
Shares (Diluted)	106,926,528	86,726,211	61,255,864	48,734,377	38,077,660	33,651,127	·	·	·
EBITDA	$-71M	$-31M	$-15M	$-42M	$-35M	$-43M	$-53M	$-46M	·

Neraca 24

Metrik	2025	2024	2023	2022	2021	2020	2019	2018	2017
Cash & Equivalents	$121M	$72M	$24M	$27M	$28M	$32M	$49M	$61M	$17M
Receivables	$18M	$7M	$8M	·	·	·	·	·	$6M
Inventory	$6M	$6M	$7M	$6M	$4M	$2M	$3M	$5M	$4M
Prepaid Expense	$4M	$3M	$2M	$2M	$3M	$3M	$3M	$2M	$591.0K
Current Assets	$149M	$88M	$41M	$40M	$47M	$45M	$68M	$74M	$28M
PP&E (Net)	$4M	$4M	$4M	$4M	$5M	$7M	$10M	$12M	$13M
PP&E (Gross)	$48M	$47M	$47M	$46M	$45M	$48M	$48M	$47M	$45M
Accum. Depreciation	$44M	$44M	$43M	$42M	$40M	$41M	$38M	$35M	$32M
Intangibles	$0	$0	$1M	$1M	$51.0K	$102.0K	$153.0K	$204.0K	$254.0K
Other Non-current Assets	$3M	$4M	$5M	$6M	$7M	$8M	$286.0K	$239.0K	$1M
Total Assets	$160M	$101M	$57M	$57M	$62M	$63M	$78M	$87M	$43M
Accounts Payable	$30M	$10M	$9M	$10M	$8M	$7M	$12M	$20M	$10M
Accrued Liabilities	$5M	$6M	$6M	$8M	$9M	$9M	$5M	$7M	$4M
Current Liabilities	$48M	$19M	$18M	$40M	$22M	$21M	$19M	$33M	$15M
Capital Leases	$4M	$5M	$5M	$5M	$2M	$3M	$0	·	·
Other Non-current Liabilities	$7M	$2M	$2M	$2M	$2M	$2M	$1M	·	·
Total Liabilities	$194M	$162M	$164M	$176M	$144M	$111M	$85M	$77M	$70M
Long-term Debt	$45M	$45M	$45M	·	·	$52M	$70M	·	·
Common Stock	$122.0K	$91.0K	$69.0K	$55.0K	$41.0K	$35.0K	$34.0K	$25.0K	$0
Paid-in Capital	$413M	$303M	$213M	$193M	$175M	$138M	$124M	$71M	$0
Retained Earnings	$-447M	$-363M	$-319M	$-311M	$-257M	$-186M	$-130M	$-61M	$-120M
Stockholders' Equity	$-34M	$-60M	$-106M	$-119M	$-82M	$-48M	$-6M	$10M	$-26M
Liabilities + Equity	$160M	$101M	$57M	$57M	$62M	$63M	$78M	$87M	$43M
Shares Outstanding	122,044,299	91,413,742	68,533,085	54,827,734	41,228,736	34,569,254	33,562,885	24,957,309	·

Arus Kas 13

Metrik	2025	2024	2023	2022	2021	2020	2019	2018	2017
D&A	$548.0K	$718.0K	$1M	$2M	$3M	$3M	$3M	$3M	$4M
Stock-based Comp	$8M	$7M	$3M	$4M	$7M	$7M	$7M	$30M	$0
Deferred Tax	$0	$0	$0	$0	·	·	·	·	·
Amort. of Intangibles	$0	$78.0K	$157.0K	$116.0K	$51.0K	$51.0K	$50.0K	$50.0K	$51.0K
Other Non-cash	·	·	·	·	·	·	·	$15M	·
Operating Cash Flow	$-52M	$-36M	$-6M	$-10M	$-33M	$-45M	$-60M	$-13M	$6M
CapEx	$562.0K	$159.0K	$995.0K	$1M	$913.0K	$517.0K	$663.0K	$2M	$2M
Investing Cash Flow	$-562.0K	$-159.0K	$-995.0K	$-3M	$-913.0K	$-517.0K	$-663.0K	$-2M	$-2M
Financing Cash Flow	$103M	$84M	$4M	$12M	$30M	$28M	$50M	$58M	$4M
Net Change in Cash	$50M	$48M	$-3M	$-751.0K	$-4M	$-18M	·	$43M	$8M
Taxes Paid	$0	$305.0K	$0	·	·	·	·	·	·
Free Cash Flow	$-53M	$-36M	$-7M	$-11M	$-34M	$-46M	$-61M	$-15M	·
Levered FCF	·	·	$-14M	$-17M	$-44M	$-57M	$-70M	$-23M	·

Profitabilitas 7

Metrik	2025	2024	2023	2022	2021	2020	2019	2018	2017
Operating Margin	-159.5%	-53.5%	-29.9%	-88.2%	-68.2%	-93.5%	-100.1%	-72.6%	·
Net Margin	-188.1%	-76.7%	-15.6%	-114.1%	-138.8%	-121.7%	-125.9%	-91.0%	·
Pretax Margin	-188.1%	-76.7%	-15.1%	-114.1%	-138.8%	-121.7%	-125.9%	-91.0%	·
EBITDA Margin	-159.5%	-53.5%	-29.9%	-88.2%	-68.2%	-93.5%	-100.1%	-67.8%	·
ROA	-64.0%	-55.6%	-13.8%	-91.4%	-113.0%	-78.9%	-80.1%	-94.5%	·
ROE	157.7%	83.6%	7.5%	48.1%	99.0%	131.2%	326.5%	-366.2%	·
ROIC	211.1%	51.1%	14.6%	35.5%	42.2%	88.4%	860.3%	-485.5%	·

Likuiditas & Solvabilitas 3

Metrik	2025	2024	2023	2022	2021	2020	2019	2018	2017
Current Ratio	3.1	4.7	2.2	1.0	2.2	2.1	3.7	2.3	·
Quick Ratio	0.4	0.4	·	·	·	1.5	2.7	1.8	·
Interest Coverage	·	·	-2.4	-6.4	-3.5	-3.9	-5.7	-6.3	·

Efisiensi 3

Metrik	2025	2024	2023	2022	2021	2020	2019	2018	2017
Asset Turnover	0.3	0.7	0.9	0.8	0.8	0.6	0.6	1.0	·
Inventory Turnover	3.0	2.8	3.3	·	·	4.9	·	·	·
Receivables Turnover	3.5	7.3	·	·	·	·	·	·	·

Per Saham 5

Metrik	2025	2024	2023	2022	2021	2020	2019	2018	2017
Book Value / Share	$-0.28	$-0.66	$-1.55	$-2.16	$-1.99	$-1.40	$-0.18	$0.40	·
Revenue / Share	$0.42	$0.66	$0.83	$0.98	$1.33	·	·	·	·
Cash Flow / Share	$-0.49	$-0.41	$-0.10	$-0.20	$-0.87	·	·	·	·
Cash / Share	·	·	·	·	·	$0.92	$1.47	$2.43	·
EPS (TTM)	$-0.78	$-0.51	$-0.13	$-1.12	$-1.85	$-1.66	·	·	·

Tingkat Pertumbuhan 3

Metrik	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue YoY	-22.6%	13.8%	6.1%	-6.2%	10.9%	·	·	·	·
Revenue CAGR 3Y	-2.2%	4.2%	3.3%	·	·	·	·	·	·
Revenue CAGR 5Y	-0.58%	·	·	·	·	·	·	·	·

Valuasi (TTM) 9

Metrik	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue TTM	$45M	$58M	$51M	$48M	$51M	$46M	$53M	$67M	·
Net Income TTM	$-84M	$-44M	$-8M	$-54M	$-71M	$-56M	$-66M	$-61M	·
Market Cap	$788M	$325M	$138M	$49M	$160M	$185M	$195M	$157M	·
P/E	-8.3	-7.0	-15.5	-0.8	-2.1	-3.2	·	·	·
P/S	17.7	5.7	2.7	1.0	3.2	4.0	3.7	2.3	·
P/B	-23.4	-5.4	-1.3	-0.4	-2.0	-3.8	-31.9	15.6	·
P / Cash Flow	-15.0	-9.1	-21.7	-5.1	-4.9	-4.1	-3.2	-12.1	·
P / FCF	-14.9	-9.1	-18.8	-4.6	-4.7	-4.0	-3.2	-10.6	·
Earnings Yield	-12.1%	-14.3%	-6.4%	-124.2%	-47.6%	-31.0%	·	·	·

Laporan Laba Rugi 15

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$14M	$14M	$13M	$13M	$10M	$9M	$12M	$14M	$20M	$12M	$13M	$13M	$13M	$11M	$11M	$11M
Cost of Revenue	$4M	$3M	$6M	$5M	$5M	$4M	$5M	$4M	$5M	$4M	$5M	$5M	$7M	$5M	$5M	$5M
R&D Expense	$4M	$4M	$3M	$5M	$4M	$5M	$5M	$5M	$4M	$6M	$3M	$3M	$3M	$4M	$4M	$3M
SG&A Expense	$14M	$11M	$33M	$15M	$13M	$19M	$16M	$12M	$11M	$11M	$10M	$7M	$7M	$7M	$12M	$12M
Operating Expenses	$22M	$19M	$42M	$24M	$21M	$28M	$25M	$22M	$20M	$21M	$17M	$15M	$17M	$16M	$21M	$20M
Operating Income	$-8M	$-4M	$-29M	$-11M	$-11M	$-19M	$-14M	$-8M	$55.0K	$-9M	$-4M	$-2M	$-4M	$-5M	$-11M	$-9M
Interest Expense	·	·	·	·	·	·	·	·	$3M	$3M	·	$1M	$1M	$1M	$2M	$2M
Pretax Income	$-23M	$-8M	$-32M	$-15M	$-14M	$-23M	$-17M	$-12M	$-3M	$-13M	$-8M	$-2M	$-6M	$8M	$-12M	$-13M
Income Tax	$0	$0	$0	$0	$0	$0	$-14.0K	$0	$0	$0	$101.0K	$-140.0K	$284.0K	$0	$0	$0
Net Income	$-23M	$-8M	$-32M	$-15M	$-14M	$-23M	$-17M	$-12M	$-3M	$-13M	$-8M	$-2M	$-6M	$8M	$-12M	$-13M
EPS (Basic)	$-0.18	$-0.07	$-0.26	$-0.14	$-0.14	$-0.24	$-0.18	$-0.13	$-0.03	$-0.17	$-0.15	$-0.03	$-0.10	$0.15	$-0.21	$-0.23
EPS (Diluted)	$-0.18	$-0.07	$-0.26	$-0.14	$-0.14	$-0.24	$-0.18	$-0.13	$-0.03	$-0.17	$-0.11	$-0.03	$-0.10	$0.11	$-0.21	$-0.23
Shares (Basic)	124,994,165	122,609,995	·	110,584,371	99,326,701	95,497,056	·	91,082,081	90,911,626	73,614,710	·	64,678,761	57,350,902	55,631,947	·	53,424,922
Shares (Diluted)	124,994,165	122,609,995	·	110,584,371	99,326,701	95,497,056	·	91,082,081	90,911,626	73,614,710	·	64,678,761	57,350,902	73,792,886	·	53,424,922
EBITDA	$-8M	$-4M	·	$-11M	$-11M	$-19M	·	$-8M	$55.0K	$-9M	·	$-2M	$-4M	$-5M	·	$-9M

Neraca 24

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$98M	$111M	·	$129M	$61M	$69M	·	$78M	$90M	$95M	·	$25M	$22M	$27M	·	$19M
Receivables	$9M	$7M	$18M	·	·	·	$7M	·	·	·	$8M	·	·	·	·	·
Inventory	$7M	$8M	$6M	$8M	$8M	$7M	$6M	$7M	$7M	$8M	$7M	$7M	$6M	$7M	$6M	$7M
Prepaid Expense	$3M	$5M	$4M	$3M	$1M	$3M	$3M	$2M	$1M	$2M	$2M	$2M	$1M	$2M	$2M	$2M
Current Assets	$118M	$130M	$149M	$152M	$82M	$89M	$88M	$97M	$104M	$113M	$41M	$42M	$40M	$44M	$40M	$38M
PP&E (Net)	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$5M	$5M	$4M	$4M	$4M
PP&E (Gross)	$48M	$48M	$48M	$48M	$48M	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$46M	$46M	$46M
Accum. Depreciation	$44M	$44M	$44M	$44M	$44M	$44M	$44M	$43M	$43M	$43M	$43M	$43M	$42M	$42M	$42M	$42M
Intangibles	·	·	$0	$0	$0	$0	$0	$0	$0	$1M	$1M	$1M	$1M	$1M	$1M	$1M
Other Non-current Assets	$2M	$3M	$3M	$3M	$3M	$4M	$4M	$4M	$4M	$5M	$5M	$5M	$5M	$6M	$6M	$6M
Total Assets	$132M	$141M	$160M	$164M	$94M	$102M	$101M	$110M	$118M	$130M	$57M	$59M	$57M	$61M	$57M	$52M
Accounts Payable	$9M	$12M	$30M	$11M	$12M	$12M	$10M	$8M	$6M	$11M	$9M	$10M	$11M	$12M	$10M	$11M
Accrued Liabilities	$5M	$3M	$5M	$5M	$5M	$3M	$6M	$5M	$6M	$5M	$6M	$5M	$4M	$5M	$8M	$8M
Current Liabilities	$16M	$32M	$48M	$26M	$23M	$18M	$19M	$15M	$14M	$18M	$18M	$24M	$39M	$40M	$40M	$37M
Capital Leases	$8M	$4M	$4M	$5M	$5M	$5M	$5M	$5M	$5M	$5M	$5M	$6M	$6M	$6M	$5M	$1M
Other Non-current Liabilities	$6M	$6M	$7M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M
Total Liabilities	$189M	$175M	$194M	$168M	$166M	$163M	$162M	$155M	$153M	$166M	$164M	$162M	$164M	$171M	$176M	$160M
Long-term Debt	$55M	$45M	$45M	$45M	$45M	$45M	·	$45M	$45M	$45M	·	$39M	$39M	$42M	·	$52M
Common Stock	$126.0K	$124.0K	$122.0K	$121.0K	$99.0K	$99.0K	$91.0K	$91.0K	$91.0K	$90.0K	$69.0K	$67.0K	$62.0K	$56.0K	$55.0K	$54.0K
Paid-in Capital	$421M	$421M	$413M	$411M	$327M	$325M	$303M	$301M	$299M	$296M	$213M	$208M	$202M	$194M	$193M	$191M
Retained Earnings	$-478M	$-455M	$-447M	$-415M	$-400M	$-386M	$-363M	$-346M	$-335M	$-332M	$-319M	$-311M	$-309M	$-303M	$-311M	$-299M
Stockholders' Equity	$-57M	$-34M	$-34M	$-4M	$-73M	$-61M	$-60M	$-45M	$-35M	$-36M	$-106M	$-103M	$-107M	$-109M	$-119M	$-108M
Liabilities + Equity	$132M	$141M	$160M	$164M	$94M	$102M	$101M	$110M	$118M	$130M	$57M	$59M	$57M	$61M	$57M	$52M
Shares Outstanding	125,511,648	124,284,542	122,044,299	121,658,113	99,353,270	99,317,153	91,413,742	91,178,193	91,059,760	90,478,731	68,533,085	66,740,765	61,615,959	55,922,361	54,827,734	53,852,126

Arus Kas 11

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$136.0K	$113.0K	$130.0K	$139.0K	$140.0K	$139.0K	$147.0K	$159.0K	$205.0K	$207.0K	$467.0K	$264.0K	$289.0K	$325.0K	$397.0K	$596.0K
Stock-based Comp	$3M	$2M	$1M	$3M	$2M	$2M	$2M	$2M	$2M	$2M	$940.0K	$774.0K	$631.0K	$344.0K	$714.0K	$535.0K
Amort. of Intangibles	·	·	$0	$0	$0	$0	$0	$0	$39.0K	$39.0K	$40.0K	$39.0K	$39.0K	$39.0K	$51.0K	$39.0K
Operating Cash Flow	$-9M	$-15M	$-8M	$-13M	$-8M	$-23M	$-6M	$-12M	$-7M	$-10M	$-5M	$-2M	$-8M	$9M	$8M	$3M
CapEx	$212.0K	$52.0K	$85.0K	$235.0K	$107.0K	$135.0K	$15.0K	$80.0K	$35.0K	$29.0K	$16.0K	$151.0K	$826.0K	$2.0K	$26.0K	$217.0K
Investing Cash Flow	$-212.0K	$-52.0K	$-85.0K	$-235.0K	$-107.0K	$-135.0K	$-15.0K	$-80.0K	$-35.0K	$-29.0K	$-16.0K	$-151.0K	$-826.0K	$-2.0K	$-26.0K	$-2M
Financing Cash Flow	$-3M	$4M	$660.0K	$81M	$-100.0K	$21M	$157.0K	$-17.0K	$2M	$82M	$4M	$5M	$4M	$-9M	$234.0K	$-138.0K
Net Change in Cash	$-12M	$-10M	$-8M	$69M	$-8M	$-3M	$-6M	$-12M	$-5M	$71M	$-1M	$2M	$-4M	$-391.0K	$9M	$954.0K
Taxes Paid	·	·	$0	$0	$-2M	$2M	$0	$0	$-698.0K	$1M	$0	$0	·	·	·	·
Free Cash Flow	·	$-15M	·	·	·	$-24M	·	·	·	$-10M	·	·	·	$9M	·	·
Levered FCF	·	·	·	·	·	·	·	·	·	$-13M	·	·	·	$7M	·	·

Profitabilitas 7

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	-59.5%	-29.1%	·	-89.6%	-113.7%	-222.1%	·	-61.2%	0.27%	-74.3%	·	-18.3%	-31.8%	-41.4%	·	-77.2%
Net Margin	-165.5%	-55.8%	·	-120.6%	-135.4%	-263.0%	·	-85.0%	-13.7%	-106.4%	·	-15.7%	-43.7%	72.5%	·	-109.4%
Pretax Margin	-165.5%	-55.8%	·	-120.6%	-135.4%	-263.0%	·	-85.0%	-13.7%	-106.4%	·	-16.7%	-41.6%	72.5%	·	-109.4%
EBITDA Margin	-59.5%	-29.1%	·	-89.6%	-113.7%	-222.1%	·	-61.2%	0.27%	-74.3%	·	-18.3%	-31.8%	-41.4%	·	-77.2%
ROA	-20.2%	-6.6%	·	-11.3%	-12.8%	-19.8%	·	-13.6%	-3.1%	-13.5%	·	-3.7%	-10.2%	13.7%	·	-21.4%
ROE	35.4%	17.0%	·	62.4%	25.1%	47.2%	·	15.5%	3.9%	17.6%	·	1.9%	5.7%	-8.0%	·	14.9%
ROIC	14.5%	12.3%	·	279.4%	15.7%	31.8%	·	18.2%	-0.16%	24.7%	·	2.2%	4.2%	4.2%	·	8.2%

Likuiditas & Solvabilitas 3

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	7.2	4.1	·	5.9	3.5	4.9	·	6.4	7.5	6.3	·	1.8	1.0	1.1	·	1.0
Quick Ratio	6.5	3.7	·	5.0	2.6	3.8	·	5.1	6.5	5.3	·	1.0	0.6	0.7	·	0.5
Interest Coverage	·	·	·	·	·	·	·	·	0.0	-3.2	·	-1.9	-3.1	-3.2	·	-5.4

Efisiensi 3

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover	0.1	0.1	·	0.1	0.1	0.1	·	0.2	0.2	0.1	·	0.2	0.2	0.2	·	0.2
Inventory Turnover	0.5	0.5	·	0.6	0.6	0.5	·	0.6	0.7	0.6	·	0.7	1.2	0.8	·	1.0
Receivables Turnover	1.7	4.2	·	·	·	·	·	·	·	·	·	·	·	·	·	·

Per Saham 5

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$-0.45	$-0.27	·	$-0.03	$-0.73	$-0.61	·	$-0.50	$-0.39	$-0.40	·	$-1.54	$-1.73	$-1.95	·	$-2.00
Revenue / Share	$0.11	$0.12	·	$0.12	$0.10	$0.09	·	$0.15	$0.22	$0.16	·	$0.20	$0.23	$0.15	·	$0.21
Cash Flow / Share	·	$-0.12	·	·	·	$-0.24	·	·	·	$-0.14	·	·	·	$0.12	·	·
Cash / Share	$0.78	$0.89	·	$1.06	$0.61	$0.69	·	$0.85	$0.99	$1.05	·	$0.37	$0.36	$0.48	·	$0.35
EPS (TTM)	$-0.65	$-0.61	·	$-0.70	$-0.69	$-0.58	·	$-0.44	$-0.34	$-0.41	·	$-0.23	$-0.43	$-0.69	·	$-1.65

Valuasi (TTM) 8

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$54M	$50M	·	$43M	$44M	$54M	·	$59M	$58M	$52M	·	$48M	$47M	$47M	·	$48M
Net Income TTM	$-78M	$-69M	·	$-69M	$-65M	$-54M	·	$-35M	$-26M	$-29M	·	$-12M	$-23M	$-33M	·	$-71M
Market Cap	$522M	$516M	·	$680M	$329M	$288M	·	$454M	$237M	$385M	·	$102M	$102M	$64M	·	$63M
P/E	-6.4	-6.8	·	-8.0	-4.8	-5.0	·	-11.3	-7.6	-10.4	·	-6.7	-3.8	-1.7	·	-0.7
P/S	9.7	10.3	·	15.7	7.5	5.3	·	7.7	4.1	7.5	·	2.1	2.2	1.4	·	1.3
P/B	-9.2	-15.1	·	-165.5	-4.5	-4.7	·	-10.0	-6.7	-10.6	·	-1.0	-1.0	-0.6	·	-0.6
P / Cash Flow	·	-34.8	·	·	·	-12.3	·	·	·	-37.1	·	·	·	7.2	·	·
Earnings Yield	-15.6%	-14.7%	·	-12.5%	-20.8%	-20.0%	·	-8.8%	-13.1%	-9.6%	·	-15.0%	-26.1%	-60.5%	·	-141.0%

Periode terbaru di sebelah kiri · nilai null ditampilkan sebagai ·

Laporan Keuangan Laporan laba rugi, neraca, arus kas — tahunan, 5 tahun terakhir

16

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Pendapatan	$45M	$58M	$51M	$48M	$51M
Margin Operasi %	-159.5%	-53.5%	-29.9%	-88.2%	-68.2%
Laba Bersih	$-84M	$-44M	$-8M	$-54M	$-71M
EPS Dilusian	$-0.78	$-0.51	$-0.13	$-1.12	$-1.85

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Rasio Lancar	3.1	4.7	2.2	1.0	2.2
Rasio Cepat	0.4	0.4	·	·	·

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Arus Kas Bebas	$-53M	$-36M	$-7M	$-11M	$-34M

Pemilik institusional (13F) 195 pengaju · $337.4M total · Per tanggal 30 Sep. 2026

17

Institusi yang melaporkan kepemilikan saham ini dalam SEC Form 13F triwulanan mereka. Hanya posisi panjang; satu pengaju dapat muncul dua kali untuk leg opsi terpisah. Kaki put/call offset yang besar biasanya mencerminkan pembuatan pasar atau inventaris yang dilindungi, bukan keyakinan arah.

Pemegang 195

Nilai yang dipegang $337.4M

Posisi baru 26

Posisi yang keluar 18

Aktivitas institusional — Q2 2026 vs kuartal sebelumnya

Posisi baru	Posisi yang keluar	Meningkat	Menurun	Perubahan bersih saham
26 (-23 vs Kuartal sebelumnya)	18 (-29 vs Kuartal sebelumnya)	69 (+10 vs Kuartal sebelumnya)	49 (0 vs Kuartal sebelumnya)	+154K

Dibandingkan dengan Q1 2026. Pengajuan Formulir 13F SEC jatuh tempo dalam waktu 45 hari setelah akhir kuartal ditambah kelonggaran singkat untuk pengaju terlambat — kuartal yang masih dalam jangka waktu tersebut dilewati demi pasangan terakhir yang dilaporkan sepenuhnya.

Institusi	Nilai	Saham	% dari 13F yang dilacak	Tipe
Bratton Capital Management, L.P.	$40.813.585	9.810.958	12,10%	Saham
VANGUARD GROUP INC	$38.064.478	5.892.334	11,28%	Saham
BlackRock, Inc.	$33.568.590	8.069.373	9,95%	Saham
RTW INVESTMENTS, LP	$30.894.119	7.426.471	9,16%	Saham
VANGUARD CAPITAL MANAGEMENT LLC	$19.071.657	4.584.533	5,65%	Saham
FEDERATED HERMES, INC.	$12.948.253	3.112.561	3,84%	Saham
STATE STREET CORP	$12.180.563	2.928.020	3,61%	Saham
GEODE CAPITAL MANAGEMENT, LLC	$10.913.743	2.622.888	3,23%	Saham
SAMSARA BIOCAPITAL, LLC	$10.400.000	2.500.000	3,08%	Saham
BANK OF AMERICA CORP /DE/	$6.940.640	1.668.423	2,06%	Saham
Sio Capital Management, LLC	$6.182.488	1.486.175	1,83%	Saham
Propel Bio Management, LLC	$6.000.372	1.442.397	1,78%	Saham
TWO SIGMA INVESTMENTS, LP	$5.329.904	1.281.227	1,58%	Saham
Nuveen, LLC	$5.055.336	1.215.225	1,50%	Saham
WELLS FARGO & COMPANY/MN	$4.530.394	1.089.037	1,34%	Saham
COMMONWEALTH EQUITY SERVICES, LLC	$4.352.090	1.046.175	1,29%	Saham
BARCLAYS PLC	$4.146.126	996.665	1,23%	Saham
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$3.951.168	949.800	1,17%	Opsi beli
Blue Owl Capital Holdings LP	$3.922.597	942.932	1,16%	Saham
NORTHERN TRUST CORP	$3.457.589	831.151	1,02%	Saham
BNP PARIBAS FINANCIAL MARKETS	$3.305.902	794.688	0,98%	Saham
Balyasny Asset Management L.P.	$3.097.270	744.536	0,92%	Saham
VANGUARD PORTFOLIO MANAGEMENT LLC	$3.054.459	734.245	0,91%	Saham
WASATCH ADVISORS LP	$3.001.041	648.173	0,89%	Saham
MORGAN STANLEY	$2.739.848	658.617	0,81%	Saham
VANGUARD FIDUCIARY TRUST CO	$2.709.038	651.211	0,80%	Saham
DAFNA Capital Management LLC	$2.687.006	645.915	0,80%	Saham
Everstar Asset Management, LLC	$2.545.683	611.943	0,75%	Saham
TWO SIGMA ADVISERS, LP	$2.147.304	332.400	0,64%	Saham
AWM Investment Company, Inc.	$1.977.664	475.400	0,59%	Saham
GOLDMAN SACHS GROUP INC	$1.949.247	468.569	0,58%	Saham
Bracebridge Capital, LLC	$1.910.339	459.216	0,57%	Saham
UBS Group AG	$1.907.002	458.414	0,57%	Saham
CITADEL ADVISORS LLC	$1.881.140	452.197	0,56%	Saham
JANE STREET GROUP, LLC	$1.819.958	437.490	0,54%	Saham
RENAISSANCE TECHNOLOGIES LLC	$1.731.592	416.248	0,51%	Saham
STIFEL FINANCIAL CORP	$1.505.516	361.903	0,45%	Saham
Man Group plc	$1.463.072	351.700	0,43%	Saham
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.286.272	309.200	0,38%	Opsi jual
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$1.274.599	306.394	0,38%	Saham
WELLINGTON MANAGEMENT GROUP LLP	$1.254.852	301.647	0,37%	Saham
MARSHALL WACE, LLP	$1.188.340	285.659	0,35%	Saham
Walleye Capital LLC	$1.175.483	282.568	0,35%	Saham
Simplify Asset Management Inc.	$1.159.488	278.723	0,34%	Saham
Bank of New York Mellon Corp	$1.146.264	275.544	0,34%	Saham
Russell Investments Group, Ltd.	$1.083.599	260.481	0,32%	Saham
Rosalind Advisors, Inc.	$1.040.000	250.000	0,31%	Saham
Latash Investments, LLC	$1.011.437	243.134	0,30%	Saham
Hudson Bay Capital Management LP	$973.440	234.000	0,29%	Saham
Lido Advisors, LLC	$895.715	215.316	0,27%	Saham

Tampilkan semua 195 pemilik institusional →

Orang dalam perusahaan 29 orang dalam · 19 pejabat · 11 direktur

19

Orang Dalam	Peran	Aktivitas terakhir	Saham dimiliki	Jual 12m	Bersih 12m
Daniel Barber	President and CEO	15 Okt. 2026 S	627.317	8	$-1.326.235
Keith J Kendall	CEO and President	10 Maret 2022 A	1.000	0	$0
Ernest A Toth JR	Chief Financial Officer	5 Mei 2026 F	283.460	1	$-242.919
John T. Maxwell	SVP-Chief Financial Officer	18 Agu 2020 S	150.614	0	$0
Cassie Jung	Chief Operating Officer	3 Sep. 2026 X	206.833	1	$-190.948
Sherry Korczynski	Chief Commercial Officer	9 Sep. 2026 M	235.689	2	$-111.315
Peter E. Boyd	Chief People Officer	9 Sep. 2026 X	284.024	1	$-124.324
Thomas A. Zalewski	Chief Legal Officer	18 Mei 2026 A	100.000	0	$0
Melina Cioffi	SVP, Regulatory Affairs	15 Mei 2026 F	273.200	1	$-105.547
Lori J Braender	Corporate Secretary	7 Mei 2026 F	231.042	1	$-167.225
Matthew J. Greenhawt	Chief Medical Officer	9 Maret 2026 A	75.000	0	$0
Matthew W. Davis	Chief Development Officer	9 Maret 2026 A	100.000	0	$0
Carl N Kraus	Chief Medical Officer	15 Okt. 2025 S	282.475	0	$0
Stephen Wargacki	Chief Science Officer	7 Maret 2025 A	343.552	0	$0
Alexander Mark Schobel	Chief Innovation/Tech Officer	9 Maret 2024 F	980.726	0	$0
Ken W. Marshall	SVP, Chief Commercial Officer	9 Agu 2023 A	150.000	0	$0
Kenneth Truitt	Chief Medical Officer	6 Sep. 2022 A	·	0	$0
Theresa Wood	SVP-HR and Org. Development	10 Maret 2022 A	80.765	0	$0
Gary H Slatko	SVP, Chief Medical Officer	16 Maret 2020 A	·	0	$0
John Cochran	Direktur	21 Okt. 2026 J	161.715	0	$0
Julie Krop	Direktur	23 Juni 2026 M	0	1	$-125.500
Abigail L. Jenkins	Direktur	10 Juni 2026 A	·	0	$0
Marco Taglietti	Direktur	10 Juni 2026 A	·	0	$0
Gregory B Brown	Direktur	10 Juni 2026 A	·	0	$0
Timothy E Morris	Direktur	10 Juni 2026 A	·	0	$0
COSTA SANTO J	Direktur	20 Juni 2024 A	·	0	$0
Nancy Lurker	Direktur	15 Juni 2021 A	·	0	$0
James S Scibetta	Direktur	15 Juni 2021 A	31.635	0	$0
Douglas K Bratton	Pemilik 10%	2 Des. 2024 G	199.841	0	$0

Orang dalam dari pengajuan SEC Form 3/4/5; bersih = hanya P/S pasar terbuka

Kepemilikan ETF Dimiliki oleh 16 ETF

20

Bobot mencerminkan kepemilikan ekuitas langsung (N-PORT) saja; dana berbasis leverage atau derivatif mungkin memiliki eksposur swap tambahan yang tidak ditampilkan.

Dana	Bobot	Unit	Per tanggal	Sumber
PILL · Direxion Shares ETF Trust	0,51%	28.299 NS	31 Juli 2026	N-PORT
QQQS · Invesco Exchange-Traded Fund Trust …	0,46%	22.601 SH	23 Okt. 2026	Harian
IWC · iShares Trust	0,13%	367.240 SH	11 Sep. 2026	Harian
IBBQ · Invesco Exchange-Traded Fund Trust …	0,03%	9.531 SH	23 Okt. 2026	Harian
VTWV · VANGUARD SCOTTSDALE FUNDS	0,02%	59.348 SH	19 Agu 2026	Harian
IWM · iShares Trust	0,02%	2.767.037 SH	11 Sep. 2026	Harian
IWO · iShares Trust	0,01%	374.338 SH	11 Sep. 2026	Harian
RSSL · Global X Funds	0,01%	51.582 NS	31 Juli 2026	N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS	0,01%	621.390 SH	19 Agu 2026	Harian
VTWG · VANGUARD SCOTTSDALE FUNDS	0,01%	43.284 SH	19 Agu 2026	Harian
ITOT · iShares Trust	0,00%	165.523 SH	11 Sep. 2026	Harian
IWV · iShares Trust	0,00%	34.314 SH	11 Sep. 2026	Harian
VXF · VANGUARD INDEX FUNDS	0,00%	1.077.349 SH	19 Agu 2026	Harian
VTI · VANGUARD INDEX FUNDS	0,00%	3.403.709 SH	19 Agu 2026	Harian
VTHR · VANGUARD SCOTTSDALE FUNDS	0,00%	10.223 SH	19 Agu 2026	Harian
IWN · iShares Trust	·	638.760 SH	11 Sep. 2026	Harian

AQST Konsensus Analis Opini analis bullish dan bearish, target harga 12 bulan, potensi kenaikan

21

peringkat · 15 analis BELI

Target median $10.00 +140,1%

4 26,7% Beli Kuat

10 66,7% Beli

1 6,7% Tahan

0 0,0% Jual

0 0,0% Jual Kuat

Target Harga 12 Bulan

9 analis · 2026-10-25

Target rata-rata $9.33 +124,1%

← Di bawah semua target Harga saat ini $4.17

Rendah$6.00 Rata-rata$9.33 Tinggi$11.00

Perbandingan rekan (sub-industri GICS) Metrik utama vs rekan sektor

22

Dasar FY, harga per penutupan akhir tahun fiskal terakhir setiap perusahaan.

Ticker	Kapitalisasi Pasar	P/E	Pendapatan YoY	Margin Bersih	ROE	Margin Kotor
AQST	$788M	-8.3	-22.6%	-188.1%	157.7%	·
CRMD	$922M	5.7	617.0%	52.3%	52.1%	88.5%
ZVRA	$509M	6.6	350.9%	78.2%	61.2%	·
ACRS	$363M	-5.7	-58.2%	-829.6%	-55.3%	·
PHAT	$1.18B	-5.5	216.9%	-126.4%	52.4%	87.1%
ARVN	$753M	-10.4	-0.30%	-30.8%	-15.5%	·
EOLS	$432M	-8.3	11.6%	-17.4%	247.3%	66.3%

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AQST Aquestive Therapeutics, Inc. - Common Stock