NASDAQ$AQST

Aquestive Therapeutics Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Aquestive Therapeutics reported Q3 2025, revenue of $12.8M, net loss of $22M.

For Q3 2025, Aquestive Therapeutics reported revenue of $12.8M, a net loss of $22M. Management discusses segment performance, capital allocation, and sector risks in the quarterly filing.

  • Revenue $12.8M.
  • Net loss $22M.
  • Aquestive Therapeutics MD&A covers liquidity, credit, and operating priorities.

Headline financials

Total Revenue

$12.8M

Previous: $13.5M-5.4%
EPS (adj)

-$0.14

Previous: -$0.13-7.7%
Adj. EBITDA Loss

-$8.6M

Previous: -$6.6M-30.3%
Gross Margin

65.0%

Previous: 67.0%-3.0%
Non-GAAP Gross Margin

67.0%

Previous: 69.0%-2.9%
Capital Expenditures

-$477K

Previous: -$144K-231.3%
Net Income

-$15.4M

Previous: -$11.5M-34.2%
Operating Income

-$11.5M

Previous: -$8.29M-38.5%

Revenue & EPS history

Aquestive · Revenue · Quarterly

$12.8M

Q3 2025-5.4%vs Q3 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Clinical or pre-revenue biotech outlook centers on trial milestones, partnerships, and cash runway.

Tailwinds

  • Pipeline milestones and collaboration optionality.
  • Cash and marketable securities fund operations.

Headwinds

  • Trial failure or delay risk.
  • Dilution from future financings.

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 Q3 2025

Historical avgQ3 2025

-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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