Compared to Estimates, Aquestive Therapeutics (AQST) Q4 Earnings: A Look at Key Metrics

By Zacks Equity Research | March 04, 2026, 6:30 PM

For the quarter ended December 2025, Aquestive Therapeutics (AQST) reported revenue of $13.02 million, up 9.7% over the same period last year. EPS came in at -$0.26, compared to -$0.19 in the year-ago quarter.

The reported revenue represents a surprise of -2.64% over the Zacks Consensus Estimate of $13.37 million. With the consensus EPS estimate being -$0.13, the EPS surprise was -100%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Aquestive Therapeutics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenues- License and royalty revenue: $0.85 million compared to the $1.82 million average estimate based on three analysts. The reported number represents a change of +2.5% year over year.
  • Revenues- Co-development and research fees: $0.18 million versus the two-analyst average estimate of $0.55 million. The reported number represents a year-over-year change of -33.9%.
  • Revenues- Manufacture and supply revenue: $11.98 million versus the two-analyst average estimate of $11.4 million. The reported number represents a year-over-year change of +12.4%.

View all Key Company Metrics for Aquestive Therapeutics here>>>

Shares of Aquestive Therapeutics have returned +0.5% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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