AQST
Aquestive Therapeutics IncNASDAQ
Healthcare • Drug Manufacturers - Specialty & Generic
Factor tilt: Small-Cap Blend
$3.61-1.37%
Close Nov 6, 2026
- Market cap
- $452.87M
- 1 month
- -24.2%
- 3 months
- -15.9%
- 1 year
- -39.8%
- 52-week range
- $2.95$6.62
- Dividend
- No dividends on record
- Short interest
- 24.1% of float27.6M shares · settled Oct 15, 2026 · -4.0% since Sep 30, 2026 · FINRA
Fundamentals · trailing 12 months to Sep 30, 2026
- Revenue
- $48.84M
- Net income
- -$79.28M
- Free cash flow
- -$40.7M
- Book value
- —
- Total debt
- $8.02M
- P/E
- —
- Price / sales
- 9.3×
- Price / book
- —
- FCF yield
- -9.0%
- Net margin
- -162.3%
EODHD (TTM) · as of Nov 6, 2026
End-of-day close from stored market data, not a live quote.
About Aquestive Therapeutics Inc
Aquestive Therapeutics, Inc. operates as a pharmaceutical company in the United States and internationally. It offers Libervant, a buccal soluble film formulation of diazepam for the treatment of seizures; Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; EMYLIF, an oral film formulation of riluzole; ONDIF, an oral soluble film formulation of ondansetron;
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SYMPAZAN, an oral soluble film formulation of clobazam used for the treatment of seizures associated with a rare, intractable form of epilepsy; KYNMOBI, a sublingual film formulation of apomorphine; and AZSTARYS, an fda-approved, once-daily product for the treatment of ADHD in patients age 6 years or older. The company's proprietary pipeline products include Anaphylm, an epinephrine sublingual film, which is in phase 3 clinical trial for the emergency treatment of allergic reactions, including anaphylaxis; and AQST-108, a topical gel that is in phase 2 clinical trial for the treatment of alopecia areata. In addition, it develops PharmFilm technology for patients suffering from certain central nervous system disorders; and Adrenaverse, an epinephrine prodrug platform. The company was incorporated in 2004 and is headquartered in Warren, New Jersey.
- Website
- aquestive.com
- Headquarters
- Warren, NJ, United States
- Employees
- 147
- Listed
- Jul 25, 2018
- Fiscal year ends
- December
Company profile from EODHD, stored Nov 6, 2026.
Quarterly results
The last 8 fiscal quarters as reported (EODHD). Year over year compares the same quarter a year earlier.
| Quarter | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Sep 2026filed Nov 3, 2026 | $7.6M | -41.0% | 52.3% | -$14.5M | -$16.5M |
| Jun 2026filed Aug 11, 2026 | $13.8M | +38.1% | 70.9% | -$8.2M | -$22.9M |
| Mar 2026filed May 13, 2026 | $14.4M | +65.7% | 76.0% | -$4.2M | -$8.1M |
| Dec 2025filed Mar 4, 2026 | $13.0M | +9.7% | 55.2% | -$28.8M | -$31.9M |
| Sep 2025filed Nov 5, 2025 | $12.8M | -5.4% | 64.8% | -$11.5M | -$15.4M |
| Jun 2025filed Aug 11, 2025 | $10.0M | -50.2% | 54.4% | -$11.4M | -$13.5M |
| Mar 2025filed May 12, 2025 | $8.7M | -27.7% | 58.1% | -$19.4M | -$22.9M |
| Dec 2024filed Mar 5, 2025 | $11.9M | -10.1% | 61.9% | -$13.6M | -$17.1M |
Fiscal years · last 6
| Fiscal year | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Dec 2025filed Mar 4, 2026 | $44.5M | -22.6% | 61.5% | -$69.7M | -$83.8M |
| Dec 2024filed Mar 5, 2025 | $57.6M | +13.8% | 69.0% | -$30.8M | -$44.1M |
| Dec 2023filed Mar 5, 2024 | $50.6M | +6.1% | 58.8% | -$15.1M | -$7.9M |
| Dec 2022filed Mar 31, 2023 | $47.7M | -6.2% | 59.3% | -$42.1M | -$54.4M |
| Dec 2021filed Mar 8, 2022 | $50.8M | +10.9% | 70.5% | -$34.7M | -$70.5M |
| Dec 2020filed Mar 9, 2021 | $45.8M | -12.8% | 71.7% | -$42.9M | -$55.8M |
Short-interest history
FINRA reports open short positions for a settlement date. The publication date is later. These are reported positions, with a separate date for each observation.
Compare the reported short exposure around the dates you bought, sold or watched AQST. A long position benefits from price rises; a short position benefits from falls. A change in these counts does not predict either move.
Settlement Oct 15, 2026
27,597,742 shares short
-1,150,470 shares (-4%) vs Sep 30, 2026
24.1% of the stored float. Published Oct 26, 2026.
Settlement Sep 30, 2026
28,748,212 shares short
+1,586,474 shares (+5.8%) vs Sep 15, 2026
25.1% of the stored float. Published Oct 9, 2026.
Settlement Sep 15, 2026
27,161,738 shares short
+1,682,956 shares (+6.6%) vs Aug 31, 2026
Share of float unavailable. Published Sep 24, 2026.
Settlement Aug 31, 2026
25,478,782 shares short
+4,527,035 shares (+21.6%) vs Aug 14, 2026
Share of float unavailable. Published Sep 10, 2026.
Settlement Aug 14, 2026
20,951,747 shares short
+2,903,743 shares (+16.1%) vs Jul 31, 2026
Share of float unavailable. Published Aug 25, 2026.
Settlement Jul 31, 2026
18,048,004 shares short
+1,373,564 shares (+8.2%) vs Jul 15, 2026
Share of float unavailable. Published Aug 11, 2026.
Change = this settlement’s shares short − the previous recorded settlement’s shares short; percentage change divides by that earlier count. A zero earlier count has no percentage change. Split-spanning counts are left uncompared. Float percentages use the stored settlement observation, not today’s float.
Source: stored FINRA equity short-interest records, up to six settlements from the last 240 days. FINRA data and reporting dates · How to read short interest
Dividends and stock splits
See the recorded cash amounts and dates behind AQST’s income, and the splits that change its share count. Dates below are stored event records, not confirmation of a payment to your account.
Cash-dividend records
No qualified cash-dividend records are stored. This does not establish that the company pays no dividend.
Up to six Polygon cash-dividend events, including recorded ex-dates within the next 120 days. Amounts retain their recorded currency and decimal precision. Historical amounts are not restated to a common split basis, annualized, or converted to dollars.
For a long holding, compare the ex-date with when you held the shares and check the pay date against your broker’s cash history. Owning the stock today does not establish past entitlement. For a short holding, a dividend can create a payment obligation to the share lender.
Ex-dates and special dividend rules · Short-sale dividend obligations · Dividend data definitions
Split history
No qualified split events are stored. This does not establish that the stock has never split.
Up to six stored split dates through Nov 7, 2026. Equivalent vendor ratios are combined; conflicting ratios are left out. This history may be incomplete.
A split changes the share count and per-share price basis; it does not by itself add investment value. Put your holding’s earlier and later share counts on the same basis before comparing them. This applies to both long shares and shares owed on a short position.
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Smart money context
Holder IQ: MEDIUM
29 smart-money holders: institutions with a high Holder IQ
Q2 2026, filed Sep 22, 2026
Smart-money 13F trend: unchanged (light)
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Sentiment: bearish
Last trade: sell 22 days ago
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What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
Stored recent-activity label: bearish. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Red flags: 6
Read the insider context evidence
What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
Stored recent-activity label: bearish. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Largest 13-F holders · Q2 2026
185 filers reported a long position in AQST for Q2 2026. 13-F holdings are filed up to 45 days after the quarter ends.
The top 10 hold
61.4%
of the 72M shares 13-F filers reported
Moves vs Q1 2026
5 added2 trimmed
3 unchanged
Net shares held
+0.7%
across the 10 holders with a comparable Q1 2026 book
| Rank | Holder | Value | Shares | Shares vs Q1 2026 |
|---|---|---|---|---|
| 1 | Bratton Capital Management, L.P. | $40.8M · 9.8M shares | 9.8M | Unchanged |
| 2 | BlackRock, Inc. | $33.6M · 8.1M shares | 8.1M | +7.5% |
| 3 | RTW INVESTMENTS, LP | $30.9M · 7.4M shares | 7.4M | Unchanged |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | $19.1M · 4.6M shares | 4.6M | +3.2% |
| 5 | FEDERATED HERMES, INC. | $12.9M · 3.1M shares | 3.1M | +5.9% |
| 6 | STATE STREET CORP | $12.2M · 2.9M shares | 2.9M | +15% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | $10.9M · 2.6M shares | 2.6M | +8.9% |
| 8 | Samsara BioCapital, LLC | $10.4M · 2.5M shares | 2.5M | Unchanged |
| 9 | BANK OF AMERICA CORP /DE/ | $6.9M · 1.7M shares | 1.7M | -30.6% |
| 10 | Sio Capital Management, LLC | $6.2M · 1.5M shares | 1.5M | -22.7% |
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Sign in5% holder filings (13D / 13G)
Holders of more than 5% of AQST file with the SEC within days. A 13D holder may seek to influence the company; a 13G holder is passive. Each holder’s latest filing from the last three years.
| Filed | Holder | % of class |
|---|---|---|
| Oct 7, 2026 | Bass Edward P13G · passive | 7.5% |
| Oct 7, 2026 | BRATTON DOUGLAS K13G · passive · amended | 0.6%under 5% |
| Jul 27, 2026 | BlackRock, Inc.13G · passive · amended | 6.4% |
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