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AQST

AQST

Aquestive Therapeutics, Inc.
$4.05
+5.74% Oct 20 close
Healthcare
-61%-41%-22%-2%+17%Oct 2025Oct 2026Apr 2026
AQSTSPY
1W
-13.3%
1M
-12.1%
3M
+0.2%
6M
-6.7%
YTD
-37.3%
1Y
-45.9%

Live chart

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What they do

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. 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.

Healthcare · Drug Manufacturers - Specialty & Generic

For information only · Important disclosures

Grades vs sector

No sector grades for AQST yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Aquestive Therapeutics Says FDA Accepts Resubmitted Filing for Anaphylm in Severe Allergy
MT Newswires · Oct 15
Aquestive Therapeutics Announces FDA Acceptance of Anaphylm™ NDA Resubmission and PDUFA Goal Date of March 16, 2027
GlobeNewswire · Oct 15
Sector Update: Healthcare Stocks Edge Higher Pre-Bell Wednesday
MT Newswires · Oct 14
Eton Pharmaceuticals Licenses US Rights to Aquestive's Epilepsy Drug
MT Newswires · Oct 14
Eton Pharmaceuticals and Aquestive Therapeutics Announce Exclusive U.S. Licensing Agreement for LIBERVANT® (diazepam) Buccal Film
GlobeNewswire · Oct 14

Key stats

Market value$508.3M
P/E (next 12 months, estimated)-7.1
52-week range$2.93 – $7.18
Revenue growth (latest quarter vs a year ago)+38.1%
Dividend yieldNo dividend
Analyst consensusStrong Buy (9)
Average analyst price target$9.33 (+130%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
No cash-flow valuation
Model read-out from the numbers below, not advice. Score -1 (DCF counts double).
▼Piotroski F-score2/9
▼Altman Z-3.4 (distress)
▲Analyst target+130% (9 analysts)

Discounted cash flow

Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.
Reverse DCFfor context, not a signal
Trailing free cash flow is zero or negative, so there's no growth rate to solve for. The price is betting on a turnaround to positive cash flow.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.49 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Forward EPS $-0.57 vs trailing $-0.66. Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
67.0%
Operating margin
-97.5%
FCF margin
-85.0%
Net margin
-144.6%
Return on equity
–
Return on invested capital
–
Net debt / EBITDA
–
Current ratio
7.2×
Interest cover
-4.7×
Cash conversion (OCF/NI)
–
Piotroski F-score 2/9 · last two fiscal years
✗ Positive net income✗ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Altman Z-score -3.4 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$9
+130%
Analysts
9
Strong Buy
Range
$6–$11
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$44.5M$-83.8M$-53.0M
2024$57.6M$-44.1M$-35.9M
2023$50.6M$-7.9M$-7.4M
2022$47.7M$-54.4M$-10.8M
2021$50.8M$-70.5M$-33.9M
2020$45.8M$-55.8M$-46.0M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -2.2%.

Earnings

Next report: 2026-11-04 · during market · EPS est -0.13
24-1125-0325-0525-0825-1126-0326-0526-08-0.220.00
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-11-0.12-0.07+45.7%
2026-05-13-0.13-0.05+64.7%
2026-03-04-0.12-0.14-18.1%
2025-11-05-0.11-0.11-4.2%
2025-08-11-0.17-0.12+32.3%
2025-05-12-0.16-0.22-39.7%
2025-03-05-0.13-0.16-21.3%
2024-11-04-0.12-0.11+7.2%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$13.8M+38.1%
2026-03-31$14.4M–
2025-12-31$13.0M–
2025-09-30$12.8M–
2025-06-30$10.0M–
Analyst actions
HC Wainwright & Co.
2026-08-24 · reit
Buy → Buy
PT $10
Piper Sandler
2025-11-07 · main
Overweight → Overweight
PT $8
JMP Securities
2025-10-09 · main
Market Outperform → Market Outperform
PT $12
Oppenheimer
2025-09-08 · main
Outperform → Outperform
PT $8
HC Wainwright & Co.
2025-06-17 · reit
Buy → Buy
PT $10
HC Wainwright & Co.
2025-05-15 · reit
Buy → Buy
PT $10

Stats refreshed 2026-10-21 01:31:49 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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COTEAU

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026