AQST

Aquestive Therapeutics, Inc.

Fundamental data last updated:September 4, 2026

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company profile

SECTOR

Healthcare

industry

Drug Manufacturers - Specialty & Generic

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Aquestive Therapeutics, Inc., a pharmaceutical company, focuses on identifying, developing, and commercializing various products to address unmet medical needs in the United States and internationally. The company markets Sympazan, an oral soluble film formulation of clobazam for the treatment of lennox-gastaut syndrome; Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; Zuplenz, an oral soluble film formulation of ondansetron for the treatment of nausea and vomiting associated with chemotherapy and post-operative recovery; and Azstarys, a once-daily product for the treatment of attention deficit hyperactivity disorder. The company's proprietary product candidates comprise Libervant, a buccal soluble film formulation of diazepam for the treatment of seizures; and Exservan, an oral soluble film formulation of riluzole for the treatment of amyotrophic lateral sclerosis. Its proprietary pipeline of complex molecule products include AQST-108, a sublingual film formulation delivering systemic epinephrine for the treatment of conditions other than anaphylaxis; AQST-305, a sublingual film formulation of octreotide for the treatment of acromegaly; and AQST-109, an orally delivered epinephrine product candidate for the emergency treatment of allergic reactions, including anaphylaxis. Further, the company develops KYNMOBI, a sublingual film formulation of apomorphine for the treatment of episodic off-periods in Parkinson's disease. Aquestive Therapeutics, Inc. was incorporated in 2004 and is headquartered in Warren, New Jersey.

 


VALUATION

P/E

-7.13

Market Cap ($M USD)

$398.22M

Forward P/E

19.56

PEG

0.14

PRICE TO SALES

7.92

PRICE TO BOOK

-14.44

EV / EBITDA

-7.61

5-Year Average P/E

Free Cash Flow Yield

-11.13%

DCF Value

$-2.25

Graham Number

N/A

Price to FCF

-8.99

EV to FCF

-9.50

Earnings Yield

-14.02%

FCF Yield

-11.13%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$0.56

Next Year EPS Growth Estimate

$0.21

Next Year Revenue Growth Estimate

$252.61M

Return on Equity (ROE)

190.87%

FREE CASH FLOW

Operating Margin

-111.18%

Debt-to-Equity

-3.90

Piotroski F-Score

2

Altman Z-Score

-3.27

Return on Invested Capital (ROIC)

-51.10%

Current Ratio

4.10

Quick Ratio

3.85

Net Debt to EBITDA

-0.41

Interest Coverage

-3.34

Gross Profit margin

63.45%

FCF PER SHARE

$-0.36

REVENUE PER SHARE

$0.41

Gainseekers Quantitative Analysis

Summary

The market seems to be mispricing Aquestive Therapeutics, Inc. significantly. With a DCF value deeply negative and a Graham Number unavailable, the stock’s valuation is in question. The Forward P/E of 22.74 suggests optimism for future earnings, yet the negative Earnings Yield and Altman Z-score of -2.93 highlight financial distress and potential bankruptcy risk. The company’s negative Price/Book ratio further underscores its precarious position. Investors should be wary of the disconnect between market expectations and underlying financial health.

AI Exposure / Tech Reliance

Operating in the healthcare sector, Aquestive Therapeutics is well-positioned to leverage AI advancements in drug development and personalized medicine. The specialty and generic drug industry is ripe for technological integration, potentially enhancing R&D efficiency. However, adaptability will be key to maintaining competitive advantage.

The Bull Case

For the bullish investor, the Forward PEG ratio of 0.18 is a beacon of hope, indicating potential undervaluation relative to growth. Despite a dismal Piotroski F-Score of 1, the impressive Return on Equity of 195.65% suggests management's ability to generate returns. The company's robust Current Ratio of 3.13 indicates strong liquidity, providing a buffer against short-term liabilities. These factors could appeal to those seeking growth at a reasonable price.

The Bear Case

The bear case is compelling, with structural weaknesses evident in the company's financials. A staggering negative Operating Margin of -159.50% and a Price/Sales ratio of 9.63 suggest inefficiencies and overvaluation. The negative FCF Yield and Price to FCF ratio highlight cash flow struggles, while the Altman Z-score signals distress. These metrics paint a picture of a company facing significant operational and financial challenges.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$9.00

Institutional Ownership %

1-Year Beta

1.50

Insider Buying % (6 Mo)

Distance to 52-Week High

88.28%

Distance to 52-Week Low

34.16%

EARNINGS SURPRISE %

50.00%

50-DAY SMA

$4.15

200-DAY SMA

$4.88

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.