AQUABOUNTY TECHNOLOGIES INC

Listed Company

AQBCIK 0001603978NasdaqNon-AcceleratedSmaller ReportingFishing, Hunting And TrappingDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-18.49M

Total Assets

$10.34M

Equity

$-1.89M

Shares Out

5.15M

Op. Cash Flow

$-8.74M

Business

AquaBounty Technologies Inc develops and has commercialized genetically engineered Atlantic salmon and has historically pursued land-based recirculating aquaculture system (RAS) production. Its main products and services center on GE Atlantic salmon stock, RAS farm development and associated equipment and operational expertise, though it currently has sold most operational farms and certain IP. Key business components have included grow-out farms, broodstock farms, Ohio Equipment Assets and the Ohio Farm Site, with current activities focused on realizing value from the Ohio Farm Site. Its markets and distribution touch the U.S. salmon market and broader seafood distribution channels including processors, importers, distributors, retailers and food service companies.

Summary from filing dated 2025-03-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales and marketing	6,613	191,299	649,568	1	1
Research and development	—	203,296	506,243	903,981	2
General and administrative	4	9	13	10	9
Asset impairment, net	—	190,732	—	—	—
Total costs and expenses	4	10	14	25	—
Operating loss	−4	−10	14	−22	−22
Interest expense	−206,052	−2	−234,954	—	—
Loan forgiveness	2	—	—	—	—
Other expense, net	−13,388	−17,078	65,672	457,520	115,619
Total other income (expense)	2	−2	−169,282	166,343	−200,823
Loss from continuing operations	−2	−11	14	—	—
Loss from discontinued operations	−16	−138	14	—	—
Net loss	−18	−149	28	−22	−22
Foreign currency gain (loss)	688,229	−282,765	111,311	−301,288	51,771
Comprehensive loss	−18	−149	27	−22	−22
Net loss from continuing operation, per share, basic	−0.57	−2.95	−3.6	—	—
Net loss from continuing operation, per share, diluted	−0.57	−2.95	−3.6	—	—
Net loss from discontinued operation, per share, basic	−4.2	−35.7	−3.57	—	—
Net loss from discontinued operation, per share, diluted	−4.2	−35.7	−3.57	—	—
Total basic net loss per share	−4.77	−38.65	−7.17	−5.78	—
Total diluted net loss per share	−4.77	−38.65	−7.17	−5.78	−0.32
Weighted average number of shares outstanding, basic	4	4	4	4	—
Weighted average number of shares outstanding, diluted	4	4	4	4	69

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	501,295	230,362	8	102	88
Prepaid expenses and other current assets	266,862	292,018	1	2	2
Current assets held for sale	10	11	22	—	—
Total current assets	10	11	31	106	193
Right of use assets, net	23,000	52,000	77,877	222,856	284,320
Non-current assets held for sale	—	23	11	—	—
Total assets	10	34	188	214	228
Accounts payable and accrued liabilities	337,038	893,034	12	12	4
Accrued employee compensation	912,103	977,088	336,409	1	874,589
Current debt	—	1	524,462	2	627,365
Other current liabilities	22,982	28,527	26,368	20,830	66,269
Current liabilities held for sale	7	13	2	—	—
Total current liabilities	9	16	15	15	6
Long-term lease obligations	—	22,982	51,509	203,227	224,058
Long-term debt, net	3	2	4	6	9
Total liabilities	12	18	23	22	15
Commitments and contingencies (Note 11)	—	—	—	—	—
Common stock, $0.001 par value, 75,000,000 shares authorized; 3,877,695 and 3,865,778 shares issued and outstanding at December 31, 2025 and 2024, respectively	3,878	3,866	3,847	3,834	71,026
Additional paid-in capital	386	386	386	385	385
Accumulated other comprehensive loss	—	−688,229	−405,464	−516,775	−255,588
Accumulated deficit	−388	−370	−221	−193	−171
Total stockholders (deficit) equity	−2	16	165	192	214
Total liabilities and stockholders (deficit) equity	10	34	188	214	228

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	—	904,136	2	2	2
Share-based compensation	70,623	299,417	542,265	535,123	394,237
Long-lived asset impairment	14	130	—	—	—
Loan forgiveness	−2	—	—	—	—
Other non-cash items	−374,011	43,393	16,604	22,983	17,386
Inventory	—	2	546,847	−1	267,833
Prepaid expenses and other assets	−141,612	1	375,430	−550,120	−1
Accounts payable and accrued liabilities	−2	614,562	−50,602	−1,905	230,712
Accrued employee compensation	−64,985	640,679	−267,119	147,151	291,288
Net cash used in operating activities	−9	−14	−24	−21	−20
Purchases of and deposits on property, plant and equipment	—	−3	−69	−67	−6
Proceeds from asset sales	7	10	—	—	—
Net cash provided by investing activities	7	8	−69	34	−108
Proceeds from issuance of debt	3	7	417,673	476,228	606,453
Repayment of term debt	−1	−10	−726,140	−640,170	−272,102
Net cash provided by (used in) financing activities	2	−3	−308,467	−162,404	121
Effect of exchange rate changes on cash and cash equivalents	8,769	−10,133	2,827	2,748	36,152
Net change in cash and cash equivalents	270,933	−9	−93	13	−7
Interest paid in cash from continuing operations	—	2	220,125	274,562	299,056
Interest paid in cash from discontinued operations	18,716	566,389	69,013	—	—
Non-cash conversion of accounts payable to current debt	7	—	—	—	—
Property and equipment included in accounts payable and accrued liabilities	—	9	12	11	3

Filings

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