NASDAQ$AQST

Aquestive Therapeutics Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Aquestive Therapeutics reported Q1 2026 revenues of $14.4M and a net loss of $8.1M.

For the three months ended March 31, 2026, Aquestive generated revenues of $14.4 million versus $8.7 million in Q1 2025 and narrowed its net loss to $8.1 million from $22.9 million. The specialty pharma company sells licensed and proprietary products while funding pipeline development; accumulated deficit exceeded $455 million at quarter end.

  • Revenues $14.4M (+66% YoY) from commercialized products and licenses.
  • Net loss $8.1M improved from $22.9M prior-year quarter.
  • Gross margins from product sales partially fund R&D.
  • Debt and ATM facilities support liquidity per notes.
  • Pipeline includes film-based delivery formulations.

Headline financials

Total Revenue

$14.4M

Previous: $8.72M+65.7%
EPS (adj)

-$0.07

Previous: -$0.24+70.8%
Capital Expenditures

-$52K

Previous: -$135K+61.5%
Net Income

-$8.06M

Previous: -$22.9M+64.9%
Operating Income

-$4.2M

Previous: -$19.4M+78.3%

Revenue & EPS history

Aquestive · Revenue · Quarterly

$14.4M

Q1 2026+65.7%vs Q1 2025
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Specialty pharma without detailed annual guide in 10-Q; focuses on product uptake, licensing milestones, and debt service.

Tailwinds

  • Revenue growth and materially smaller net loss YoY.
  • Commercial portfolio generating gross profit.
  • Multiple partnered programs.

Headwinds

  • History of net losses and accumulated deficit.
  • Reliance on financing for pipeline.
  • Regulatory and commercial execution on key products.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.4%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+8.5%

Avg return

30 days after

45%

14 / 31 earnings

Positive

+22.8%

Q3 2019

Best reaction

-44.2%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.2%-1.0%+0.0%
Q4 2025-2.5%-3.9%-5.5%
Q3 2025+2.0%-5.2%+6.3%
Q1 2025-19.4%-16.5%+16.1%
Q4 2024-7.5%-5.4%-2.9%
Q3 2024-13.8%-1.1%-21.9%
Q2 2024+4.3%+4.3%+28.6%
Q1 2024-11.7%-11.7%-19.7%
Q4 2023+20.3%+16.7%-0.5%
Q3 2023+6.9%+5.0%+28.7%
Q2 2023-7.2%-7.2%-24.4%
Q1 2023+20.9%+46.8%+66.2%
Q4 2022+5.6%-1.4%+45.3%
Q3 2022-3.4%+0.6%+7.5%
Q2 2022-2.2%+2.7%+50.5%
Q1 2022+0.7%-14.2%-32.6%
Q4 2021-4.8%-12.6%-18.0%
Q3 2021+12.6%+10.7%+2.7%
Q2 2021+11.2%+12.1%+39.6%
Q1 2021-3.3%-14.1%-6.8%
Q4 2020+11.5%+24.6%+11.5%
Q3 2020+3.6%+4.9%+29.6%
Q2 2020+4.0%+10.5%+26.5%
Q1 2020-4.0%+14.4%+14.2%
Q4 2019-44.2%-55.2%-16.0%
Q3 2019+22.8%+26.8%+95.8%
Q2 2019+12.5%+22.7%+14.1%
Q1 2019-11.4%-14.9%-29.9%
Q4 2018-14.4%-8.3%-18.7%
Q3 2018-1.1%-7.8%-15.1%
Q2 2018-0.3%+5.3%-7.7%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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