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Side-by-side financial comparison of Aquestive Therapeutics, Inc. (AQST) and TRANSACT TECHNOLOGIES INC (TACT). Click either name above to swap in a different company.

Aquestive Therapeutics, Inc. is the larger business by last-quarter revenue ($13.0M vs $11.5M, roughly 1.1× TRANSACT TECHNOLOGIES INC). On growth, TRANSACT TECHNOLOGIES INC posted the faster year-over-year revenue change (11.9% vs 9.7%). TRANSACT TECHNOLOGIES INC produced more free cash flow last quarter ($589.0K vs $-8.6M). Over the past eight quarters, Aquestive Therapeutics, Inc.'s revenue compounded faster (3.9% CAGR vs 3.5%).

Aquestive Therapeutics is a specialty pharmaceutical company focused on developing and commercializing innovative treatments for central nervous system disorders. It leverages proprietary drug delivery technologies to create accessible, patient-friendly therapeutic options, serving healthcare providers and patients across North America and European markets, with core offerings addressing unmet needs in neurology and psychiatry.

Roper Technologies, Inc. is a holding company that owns companies in the technology sector.

AQST vs TACT — Head-to-Head

Bigger by revenue
AQST
AQST
1.1× larger
AQST
$13.0M
$11.5M
TACT
Growing faster (revenue YoY)
TACT
TACT
+2.3% gap
TACT
11.9%
9.7%
AQST
More free cash flow
TACT
TACT
$9.1M more FCF
TACT
$589.0K
$-8.6M
AQST
Faster 2-yr revenue CAGR
AQST
AQST
Annualised
AQST
3.9%
3.5%
TACT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AQST
AQST
TACT
TACT
Revenue
$13.0M
$11.5M
Net Profit
$-31.9M
Gross Margin
55.2%
47.6%
Operating Margin
-221.6%
-10.1%
Net Margin
-244.8%
Revenue YoY
9.7%
11.9%
Net Profit YoY
-86.8%
EPS (diluted)
$-0.26
$-0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AQST
AQST
TACT
TACT
Q4 25
$13.0M
$11.5M
Q3 25
$12.8M
$13.2M
Q2 25
$10.0M
$13.8M
Q1 25
$8.7M
$13.1M
Q4 24
$11.9M
$10.2M
Q3 24
$13.5M
$10.9M
Q2 24
$20.1M
$11.6M
Q1 24
$12.1M
$10.7M
Net Profit
AQST
AQST
TACT
TACT
Q4 25
$-31.9M
Q3 25
$-15.4M
$15.0K
Q2 25
$-13.5M
$-143.0K
Q1 25
$-22.9M
$19.0K
Q4 24
$-17.1M
Q3 24
$-11.5M
$-551.0K
Q2 24
$-2.7M
$-319.0K
Q1 24
$-12.8M
$-1.0M
Gross Margin
AQST
AQST
TACT
TACT
Q4 25
55.2%
47.6%
Q3 25
64.8%
49.8%
Q2 25
54.4%
48.2%
Q1 25
58.1%
48.7%
Q4 24
61.9%
44.2%
Q3 24
67.2%
48.1%
Q2 24
77.5%
52.7%
Q1 24
63.6%
52.6%
Operating Margin
AQST
AQST
TACT
TACT
Q4 25
-221.6%
-10.1%
Q3 25
-89.6%
0.1%
Q2 25
-113.6%
-1.9%
Q1 25
-222.1%
-0.1%
Q4 24
-114.4%
-10.3%
Q3 24
-61.2%
-7.7%
Q2 24
0.3%
-3.8%
Q1 24
-74.3%
-12.2%
Net Margin
AQST
AQST
TACT
TACT
Q4 25
-244.8%
Q3 25
-120.6%
0.1%
Q2 25
-135.4%
-1.0%
Q1 25
-263.0%
0.1%
Q4 24
-143.7%
Q3 24
-85.0%
-5.1%
Q2 24
-13.7%
-2.8%
Q1 24
-106.4%
-9.7%
EPS (diluted)
AQST
AQST
TACT
TACT
Q4 25
$-0.26
$-0.11
Q3 25
$-0.14
$0.00
Q2 25
$-0.14
$-0.01
Q1 25
$-0.24
$0.00
Q4 24
$-0.18
$-0.80
Q3 24
$-0.13
$-0.06
Q2 24
$-0.03
$-0.03
Q1 24
$-0.17
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AQST
AQST
TACT
TACT
Cash + ST InvestmentsLiquidity on hand
$20.4M
Total DebtLower is stronger
$27.5M
Stockholders' EquityBook value
$-33.7M
$31.1M
Total Assets
$160.4M
$44.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AQST
AQST
TACT
TACT
Q4 25
$20.4M
Q3 25
$129.1M
$20.0M
Q2 25
$60.5M
$17.7M
Q1 25
$68.7M
$14.2M
Q4 24
$71.5M
$14.4M
Q3 24
$77.9M
$11.3M
Q2 24
$89.9M
$11.1M
Q1 24
$95.2M
$10.6M
Total Debt
AQST
AQST
TACT
TACT
Q4 25
$27.5M
Q3 25
$45.0M
Q2 25
$45.0M
Q1 25
$45.0M
Q4 24
$32.5M
Q3 24
$45.0M
Q2 24
$45.0M
Q1 24
$45.0M
Stockholders' Equity
AQST
AQST
TACT
TACT
Q4 25
$-33.7M
$31.1M
Q3 25
$-4.1M
$31.8M
Q2 25
$-72.6M
$31.3M
Q1 25
$-60.9M
$30.9M
Q4 24
$-60.2M
$30.6M
Q3 24
$-45.4M
$38.4M
Q2 24
$-35.5M
$38.5M
Q1 24
$-36.3M
$38.6M
Total Assets
AQST
AQST
TACT
TACT
Q4 25
$160.4M
$44.8M
Q3 25
$163.6M
$45.0M
Q2 25
$93.7M
$44.5M
Q1 25
$102.2M
$44.2M
Q4 24
$101.4M
$44.0M
Q3 24
$110.0M
$50.5M
Q2 24
$117.6M
$50.4M
Q1 24
$129.5M
$51.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AQST
AQST
TACT
TACT
Operating Cash FlowLast quarter
$-8.5M
$609.0K
Free Cash FlowOCF − Capex
$-8.6M
$589.0K
FCF MarginFCF / Revenue
-65.7%
5.1%
Capex IntensityCapex / Revenue
0.7%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-53.0M
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AQST
AQST
TACT
TACT
Q4 25
$-8.5M
$609.0K
Q3 25
$-12.6M
$3.6M
Q2 25
$-7.9M
$3.6M
Q1 25
$-23.4M
$-161.0K
Q4 24
$-6.5M
$2.4M
Q3 24
$-11.9M
$327.0K
Q2 24
$-7.0M
$636.0K
Q1 24
$-10.4M
$-1.5M
Free Cash Flow
AQST
AQST
TACT
TACT
Q4 25
$-8.6M
$589.0K
Q3 25
$-12.9M
$3.6M
Q2 25
$-8.0M
$3.6M
Q1 25
$-23.5M
$-171.0K
Q4 24
$-6.5M
$2.4M
Q3 24
$-12.0M
$259.0K
Q2 24
$-7.0M
$499.0K
Q1 24
$-10.4M
$-1.6M
FCF Margin
AQST
AQST
TACT
TACT
Q4 25
-65.7%
5.1%
Q3 25
-100.6%
27.1%
Q2 25
-80.2%
25.9%
Q1 25
-269.9%
-1.3%
Q4 24
-54.8%
23.2%
Q3 24
-88.3%
2.4%
Q2 24
-35.0%
4.3%
Q1 24
-86.4%
-14.9%
Capex Intensity
AQST
AQST
TACT
TACT
Q4 25
0.7%
0.2%
Q3 25
1.8%
0.5%
Q2 25
1.1%
0.1%
Q1 25
1.5%
0.1%
Q4 24
0.1%
0.1%
Q3 24
0.6%
0.6%
Q2 24
0.2%
1.2%
Q1 24
0.2%
1.0%
Cash Conversion
AQST
AQST
TACT
TACT
Q4 25
Q3 25
242.00×
Q2 25
Q1 25
-8.47×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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