Company Analysis

AquaBounty Technologies, Inc. (AQB)

Nasdaq: AQB · Fishing, Hunting and Trapping · Harvard, MA · filing with the SEC since 2014
Grade5.0
◀ Past 5.0● Present 5.0▶ Future 5.0
3 est.

The grade of AquaBounty Technologies, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past5.040% of the headline
● Present5.035% of the headline
▶ Future5.025% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
5.0/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2025-01-17.

weight 45% of this tense · 50th percentile among 1 sector filers · read for itself

From the record

AquaBounty Technologies, Inc.'s filings since 2017 show 3 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2025-01-17); an auditor change (8-K item 4.01, the latest 2021-07-07) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.0/10

What has it actually done, year after year?

8 filed years; profitable in 0 of 8.

weight 33% of this tense · 50th percentile among 1 sector filers · read for its customers

From the record

AquaBounty Technologies, Inc.'s 8 filed years say what it did: it rose in 4 of 6 years; the deepest fall was 32% from fiscal 2019 to fiscal 2020; net income was positive in 0 of 8 of those years (its annual reports).

What it rests on

  • the share of years revenue rosetop 50% of its family
  • the share of filed years with a profittop 50% of its family
  • the deepest fall from a revenue peak31.6%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.0/10

How has it treated the people who own it?

SI estimate 5.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 50th percentile among 1 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 50% of 1 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 1 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: AquaBounty Technologies, Inc.'s shareholder treatment is put at 5.0 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 50% of 1 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.0/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.0/10

Is it financially healthy right now?

Leverage 118%: owes 118¢ per asset dollar.

weight 45% of this tense · 50th percentile among 1 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, AquaBounty Technologies, Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 118 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 50% of its family
  • the share count against the year beforetop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.0/10

How strong is its position in its industry?

top 50% of 1 in its family; net margin -1114.5%.

weight 33% of this tense · 50th percentile among 1 sector filers · read for its customers

From the record

AquaBounty Technologies, Inc.'s standing among 1 graded names in its industry family: revenue of $2 million in fiscal 2023 ranks in the top 50% by size; a net margin of -1114.5% ranks in the top 50%; revenue growth of 168.7% a year over the last 3 filed years ranks in the top 50% (its annual reports).

What it rests on

  • revenue against the family$2.5Mtop 50% of its family
  • net margin-1114.5%top 50% of its family
  • three-year revenue growth168.7%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 22% of this tense · 50th percentile among 3816 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
universe median, 3816 readings behind it.
Confidence
15 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: AquaBounty Technologies, Inc.'s leadership is put at 5.0 of 10 with a confidence of 15 of 100, because fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.0/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
5.0/10

How much room does it have to grow?

SI estimate 5.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 50th percentile among 1 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the top 50% of 1 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 1 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: AquaBounty Technologies, Inc.'s room to expand is put at 5.0 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the top 50% of 1 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

top 50% of 1 in its family for growth drivers.

weight 33% of this tense · 50th percentile among 1 sector filers · read for its customers

From the record

AquaBounty Technologies, Inc.'s growth drivers, from the filed years to fiscal 2023: the newest year grew -21.2% (top 50%); research spending grew -54.4% a year (top 50%); capital spending grew -20% a year (top 50%) (its annual reports). AquaBounty Technologies, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • the newest year's revenue growth-21.2%top 50% of its family
  • three-year growth of research spending-54.4%top 50% of its family
  • three-year growth of capital spending-20.0%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.0/10

Did its newest year beat what its own record pointed to?

top 50% of 1 in its family for expectations against reality.

weight 45% of this tense · 50th percentile among 1 sector filers · read for its shareholders

From the record

AquaBounty Technologies, Inc.'s newest year against its own record: revenue of $2 million in fiscal 2023 came in 84.1% below the $16 million its prior three years' pace pointed to (top 50% of its family); net income of $28 million against a prior three-year average of $20 million (top 50%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-84.1%top 50% of its family
  • net income against the prior three years' average-36%top 50% of its family
  • net margin against its prior averageup more than 100 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton AQB · research, not advice