AquaBounty Technologies Inc 2025年度报告

Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December31, 2025TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ________________ to ________________Commission file number: 001-36426_____________________________ AquaBounty Technologies, Inc.(Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction ofincorporation or organization) 233 Ayer Road, Suite 4Harvard, Massachusetts 01451(978) 648-6000 (Address and telephone number of the registrant’s principal executive offices)Securities registered pursuant to Section12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, par value $0.001 per shareAQBThe NASDAQ Stock Market LLC Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.YesNo Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of RegulationS-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2 of the Exchange Act.Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).YesNo At June30, 2025, the aggregate market value of the 3,838,910 shares of common stock held by non-affiliates of the registrant was approximately$2.8million. At March27, 2026, the registrant had 5,147,204 shares of common stock outstanding.DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s Proxy Statement for its Annual Meeting of Stockholders to be held on June 16, 2026 (the “2026 Proxy Statement”), areincorporated by reference into Part III of this Annual Report on Form10‑K. ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER31, 2025 Table of Contents PART IPageItem 1.Business1Item 1A.Risk Factors4Item 1B.Unresolved Staff Comments10Item 1C.Cybersecurity10Item 2.Properties11Item 3.Legal Proceedings11Item 4.Mine Safety Disclosures11PART IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities11Item 6.Reserved12Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations12Item 7A.Quantitative and Qualitative Disclosures About Market Risk17Item 8.Financial Statements and Supplementary Data18Item 9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure18Item 9A.Controls and Procedures18Item 9B.Other Information19Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections19PART IIIItem 10.Directors, Executive Officers and Corporate Governance19Item 11.Executive Compensation19Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters19Item 13.Certain Relationships and Related Transactions, and Director Independence19Item 1