On this page of Benford's Law Stocks.com we present our study of AquaBounty Technologies, Inc. — ticker symbol AQB. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/9/2021 to 10/28/2025 for AquaBounty Technologies, Inc. under CIK number 0001603978. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for AQB, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for AquaBounty Technologies, Inc. based on the past AQB filings our system processed in the past.
25.1
15.1
21.1
6.4
6.7
8.4
6.7
6.0
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, AQB stockholder letter ]
Total numbers found: 450
Recent share count: 3,877,695 (3's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
450
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 4 numbers to move any given column by a full percentage point.
70

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 1's percentage was below the company's typical historical range.
 • The 3's percentage was higher than the 2's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 3, we canceled the penalty multiplier.
 • We deducted points upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 3's percentage was above the company's typical historical range.
 • We deducted point upon observing the 4's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 4's percentage was below the company's typical historical range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 6's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 6's percentage was above the company's typical historical range.
 • We deducted point upon observing the 8's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
AQB
Low score compared to other filers, falling in the bottom quartile.
PBF
RCUS
CLMT
GAN
QUAD
SKIL
BCDA
COEP
Check our work! We provide our AquaBounty Technologies, Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the AQB filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 113 numbers that start with the digit 1. Here they are:
1
10,819,909
1,475,461
11,342,289
10,104,853
1,261,039
11,933,588
16,201,548
1,996,558
11,933,588
18,221,088
12,240,203
15,840,710
187,502
1,412,112
1,501,811
1,287,413
1,480,659
1,616,278
1,480,659
1,616,278
1,004,120
17,813
11,119
1,021,933
1,772,692
1,484,330
103,557
1,380,773
107,941
1,380,773
1.10
1.12
16.87
165,016,718
11,158,248
11,158,248
116,307
116,307
10,422
10
105,145
105,155
153,847,318
103,344,648
100,071,650
15,840,710
16,970,235
16,718
16,727
13,613,925
1,380,773
1,380,773
12,240,203
1,287,413
100,182
1,265,142
1,041,947
12,748,669
16,903
14,831
13.0
1.3
10,754,879
10,819,909
106,590
18,207
15,468
103,557
103,557
17,268
103,557
100,182
100,811
1,400,135
155,595
140,059
101.9
1,996,558
1,261,039
1,261,039
1,996,558
1.3
1.8
101,917
12,567
11,917
13.05
106
19,125
1,074
10.00
16,517
13,412
100.00
1,516
1,516
1,675
1,675
134
12
1.5
1,941
1,641
103
171
187
16,015
146
1,287
100
1,093
1,381
We found 68 numbers that start with the digit 2. Here they are:
230,362
292,018
22,668,000
22,668,000
24,173,791
28,527
22,982
24,173,791
220,916
26,264,943
224,235
2,148,397
2,008,046
27,136
2,175,533
2,638,211
29,198,379
20
220,579,878
231,738,126
282,252,367
285,656,698
239,693
2,008,046
208,310
2,673,631
2,788,101
230,362
2,111,160
2,565,881
22,206
216
22,468,279
29,126,636
21,079
29,198,379
22,468,279
249,178
259,257
2,453
203,999
292,018
22,026,655
22,026,655
22,668,000
22,668,000
22,668,000
22,668,000
200,000
2.9
2.0
28,527
22,982
21,826
23,611
23,611
20.00
24,998
24,998
200.00
200.00
2,820
272
2,361
240
2,108
2,674
259
We found 95 numbers that start with the digit 3. Here they are:
3,877,695
30,330
34,061,798
3,069,766
30,330
3,830,041
3,877,695
3,865,778
3,878
3,866
386,361,538
386,297,611
374,125,213
369,772,538
34,061,798
33,702,908
33,702,908
3,671
3,671
35,878,441
3,404,331
3,338,630
3,664,446
38
36
3,877,695
3,865,778
3,872,456
3,858,642
3,847,022
3,847
385,998,213
3,857,444
3,857
386,103,358
3,865,778
3,866
386,172,255
3,404,331
3,404,331
3,865,778
3,866
386,237,887
3,865,778
3,866
386,297,611
369,772,538
3,583
3
3,869,361
3,869
386,337,769
369,371,403
3,373,037
3,373,037
3,877,695
3,878
386,354,487
372,744,440
3,877,695
3,878
386,361,538
374,125,213
344,671
344,772
374
305
3.2
3,260,005
3,830,041
330
386,003
3,518
32,194
376,515
3,257,597
3
30,330
30,330
30,330
30,011
319
30,330
32,679
32,679
33
38.57
31.69
300.00
30
3,262
317
3,332
3,607
3,404
4's 5's 6's
We found 29 numbers that start with the digit 4. Here they are:
44,167
4,741,144
4,262,478
4,352,675
405,464
401,135
401,135
40,158
40,161
4,352,675
48,733,222
43,393
44,144
4,659
45,894
408,863
47,812
425,057
44,706
49.37
44,706
41.25
41,601
43.79
44,706
41,601
4,512
48,733
4,353
We found 30 numbers that start with the digit 5. Here they are:
519,027
5,000
51,509
521,771
50,514,241
50,514,241
57,335
57,335
579,106
513,405
5,561,387
500,434
51,198
5,330
5.2
5
5.0
5
5,000
5,000
54,583
519,027
524,449
524,449
51,509
51,509
50.00
550
550
5,873
We found 38 numbers that start with the digit 6. Here they are:
688,229
6,613
68,547
6,035,170
6,035,170
65,076,820
65,701
688,229
65,184,761
68
68,897
68,906
65,701
65,701
65,632
65,632
688,229
688,229
688,229
65,076,820
63,939
63,021
6,837,994
6,759,257
6.3
65,030
6,542,437
641,345
641,345
6.3
650
64,905
6,600
66
64
69
674
65,077
7's 8's 9's
We found 30 numbers that start with the digit 7. Here they are:
7,910,684
75,000,000
70,300
7,029,547
766,120
7.57
7,051
7,051
7,105,884
7,105,884
721,072
7,386,235
72,375
73,590
705,262
72,929
745,041
72,929
71,743
766,120
7,386,235
7,910,684
7,910,684
7.4
7,386,235
7,910,684
7,870
7,870
7
763
We found 27 numbers that start with the digit 8. Here they are:
8,741
88
8,334
8,334
868,292
832,194
832,194
8,769
8,703,435
81,091
8,741
8,741
805,384
855,998
88,019
857
8
8
8
8
8,185
8,803
8,803
8.96
818
868
802
We found 20 numbers that start with the digit 9. Here they are:
951,434
914,067
977,088
90,197
9.30
9
9
9,511,625
9,547,358
9,203,869
951,434
9,473,373
951
9.5
90,197
9.18
930
902
977
956
While the above AQB 10Q Filed 10/28/2025 is interesting in isolation, we have found that it is also useful to take a look at older AquaBounty Technologies, Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 10/28/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical AQB 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

25.1
15.1
21.1
6.4
6.7
8.4
6.7
6.0
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL?   [ original filing ]
Total numbers found: 450

= Typical AQB range from 3/9/2021 to 10/28/2025
27.7
22.4
17.2
5.6
8.5
5.6
4.9
4.0
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 447

= Typical AQB range from 3/9/2021 to 10/28/2025
35.2
17.1
17.1
8.8
6.5
4.7
6.0
3.6
1.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 386

= Typical AQB range from 3/9/2021 to 10/28/2025
33.3
15.7
12.9
9.0
5.8
6.2
10.7
4.3
2.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 62
XBRL?   [ original filing ]
Total numbers found: 466

= Typical AQB range from 3/9/2021 to 10/28/2025
32.0
17.9
9.3
9.9
6.9
7.5
8.9
6.3
1.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL?   [ original filing ]
Total numbers found: 507

= Typical AQB range from 3/9/2021 to 10/28/2025
28.6
21.3
10.2
10.2
7.7
6.8
5.3
5.5
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 469

= Typical AQB range from 3/9/2021 to 10/28/2025
29.8
18.6
11.2
11.0
7.4
7.6
6.2
6.4
1.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 420

= Typical AQB range from 3/9/2021 to 10/28/2025
27.3
17.8
19.9
6.1
7.2
5.8
6.8
5.1
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 428

= Typical AQB range from 3/9/2021 to 10/28/2025
34.3
12.8
16.5
6.0
8.5
8.3
6.2
5.0
2.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 516

= Typical AQB range from 3/9/2021 to 10/28/2025
28.8
25.6
12.7
7.5
7.7
3.9
4.5
5.8
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 73
XBRL?   [ original filing ]
Total numbers found: 465

= Typical AQB range from 3/9/2021 to 10/28/2025
26.5
19.5
11.4
7.8
7.2
7.8
12.3
5.3
2.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 47
XBRL?   [ original filing ]
Total numbers found: 359

= Typical AQB range from 3/9/2021 to 10/28/2025
31.0
15.1
13.2
9.6
6.1
6.3
8.8
7.5
2.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL?   [ original filing ]
Total numbers found: 491

= Typical AQB range from 3/9/2021 to 10/28/2025
31.1
15.6
12.1
10.1
6.6
8.3
8.6
5.0
2.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 544

= Typical AQB range from 3/9/2021 to 10/28/2025
33.4
19.3
10.5
7.7
7.5
6.1
4.3
6.5
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 703

= Typical AQB range from 3/9/2021 to 10/28/2025
32.8
20.4
16.4
10.9
5.8
5.5
2.7
3.0
2.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 329

= Typical AQB range from 3/9/2021 to 10/28/2025
32.6
13.8
15.5
8.5
7.9
6.4
8.9
2.7
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL?   [ original filing ]
Total numbers found: 484

= Typical AQB range from 3/9/2021 to 10/28/2025
35.6
16.8
15.6
8.1
7.3
6.7
4.9
3.6
1.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 506

= Typical AQB range from 3/9/2021 to 10/28/2025
32.3
22.9
9.8
7.4
7.4
5.8
5.0
7.6
2.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 502

= Typical AQB range from 3/9/2021 to 10/28/2025
26.1
17.4
10.0
12.8
5.9
7.4
11.3
6.6
2.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 32
XBRL?   [ original filing ]
Total numbers found: 391

= Typical AQB range from 3/9/2021 to 10/28/2025
28.7
16.2
13.2
9.7
7.1
7.9
7.9
5.7
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 506

= Typical AQB range from 3/9/2021 to 10/28/2025
 

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