Aquestive Therapeutics (AQST)

Healthcare · Drug Manufacturers - Specialty & Generic
$4.78 +0.42% on the day Market cap $605M 52-week range $2.93 to $7.55 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Aquestive Therapeutics's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from AQST's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation2
Profitability2
Growth9
Financial health9
Cash efficiency0

Results from SEC filings

Fiscal years, from Aquestive Therapeutics's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$51M$48M$51M$58M$45M
Net income-$71M-$54M-$8M-$44M-$84M
Free cash flow-$34M-$11M-$7M-$36M-$53M
EPS (diluted)-$1.85-$1.12-$0.13-$0.51-$0.78
Operating margin-68.2%-88.2%-29.9%-53.5%-159.5%

Where the revenue comes from

Revenue by products, fiscal 2025. Every breakdown, year by year.

Manufacture and supply revenue$40M89%
License and royalty revenue$4M8%
Co-development and research fees$1M3%

Superinvestors who own AQST

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $840,0750.0%Q2 2026
Jay Petschek
Corsair Capital Management
Held $291,2000.04%Q2 2026

Insider buying

Open-market purchases by Aquestive Therapeutics's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of AQST in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Aquestive Therapeutics insiders buying the stock?

No open-market insider purchases of AQST in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Aquestive Therapeutics?

2 of the superinvestors Investingly tracks hold AQST in their latest 13F, including Cliff Asness, Jay Petschek.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.