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Financials · LIQT

LiqTech International Inc. (LIQT) financials

For the twelve months ended Jun 30, 2026, LiqTech International Inc. reported $15.43M of revenue and -$9.75M of net income.

Revenue, TTM
$15.43M
Revenue growth, YoY
-0.2%
Net income, TTM
-$9.75M
Net margin
-63.2%
Free cash flow, TTM
-$8.81M
P/S
0.62
Market cap
$9.5M
Annual revenue$16.51M
FY2017FY2025
Annual net income-$8.53M
FY2016FY2025
Annual free cash flow-$6.50M
FY2016FY2025

LIQT revenue and earnings growth

LIQT revenueQ2 2026$4.36M

Quarter YoY
-12.0%
QoQ
+5.5%
FY YoY
+13.0%
5Y CAGR
-6.0%

LIQT revenue was $4.36M in fiscal Q2 2026 (ended Jun 30, 2026), down 12.0% from a year earlier and up 5.5% from the prior quarter. For the full fiscal 2025 it was $16.51M, up 13.0% from fiscal 2024. Compound annual growth was -6.0% over 5 years. It rose in 4 of the last 8 fiscal years.

LIQT net incomeQ2 2026-$3.02M

LIQT net income was -$3.02M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.15M a year earlier. For the full fiscal 2025 it was -$8.53M, compared with -$10.35M in fiscal 2024.

LIQT free cash flowQ2 2026-$3.10M

LIQT free cash flow was -$3.10M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.67M a year earlier. For the full fiscal 2025 it was -$6.50M, compared with -$8.90M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$16.51M$14.60M$18.00M$15.98M$18.27M$22.53M$32.64M$12.23M$11.34M-
Cost of revenue$15.26M$14.35M$15.23M$15.42M$16.70M$20.38M$25.48M$11.17M$11.14M$12.47M
Gross profit$1.25M$250.9K$2.78M$567.1K$1.58M$2.15M$7.16M$1.07M$206.8K$1.43M
Research and development$1.16M$1.35M$1.42M$1.84M$1.86M$1.28M$749.2K$661.0K$536.8K$626.1K
Selling, general and admin$5.68M$5.66M$4.86M$5.70M$5.84M$6.21M$4.56M$3.19M$2.33M$4.00M
Operating income-$8.31M-$9.49M-$7.80M-$12.53M-$10.69M-$8.26M-$577.1K-$4.49M-$4.61M-$13.13M
Interest expense-----$120.9K$18.8K$71.8K$45.9K$38.9K
Pre-tax income-$8.60M-$10.38M-$8.78M-$14.41M-$11.19M-$10.27M-$257.6K-$4.18M-$4.78M-$13.20M
Income tax-$1.5K-$38.8K-$206.2K-$237.4K-$63.0K-$465.1K-$297.3K-$365.4K-$317.8K$3.22M
Net income-$8.53M-$10.35M-$8.57M-$14.17M-$11.13M-$9.81M$39.6K-$3.81M-$4.46M-$16.42M
EPS, basic-$0.89-$1.64-$1.51-$3.20-$0.52-$0.46$0.00-$0.24-$0.11-$0.45
EPS, diluted-----$0.52-$0.46$0.00-$0.24-$0.11-$0.45
Diluted shares----21.6M21.2M19.7M16.0M41.6M36.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$5.07M-$10.42M-$15.36M$11.75M$7.07M$3.78M$2.49M$1.21M
Receivables$3.43M$2.40M$3.17M$2.31M$1.96M$3.13M$6.27M$1.31M$1.12M$1.11M
Inventory$6.48M$5.54M$5.27M$4.06M$5.42M$5.52M$5.20M$4.43M$4.66M$5.17M
Current assets$15.96M$20.64M$22.09M$27.67M$28.07M$25.65M$27.49M$11.37M$9.43M$8.51M
Goodwill$248.1K$220.7K$233.7K$226.1K$240.3K$260.2K$236.1K---
Total assets$27.28M$32.43M$35.97M$40.13M$45.05M$42.21M$38.59M$13.16M$11.68M$11.41M
Current liabilities$4.72M$4.90M$7.50M$6.09M$16.87M$9.81M$10.33M$4.62M$4.77M$5.01M
Long-term debt----$6.19M$0----
Total debt----$6.19M$0----
Total liabilities$16.91M$15.77M$18.70M$16.82M$32.28M$17.39M$15.58M$4.62M$4.77M$5.14M
Shareholders' equity$10.43M$16.65M$17.28M$23.31M$12.77M$24.82M$23.01M$8.54M$6.91M$6.27M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$6.11M-$7.53M-$4.18M-$12.04M-$7.20M-$2.60M-$4.55M-$3.91M-$3.32M$415.8K
Capital expenditures$395.2K$1.37M$2.89M$1.69M$1.13M$3.75M$2.54M$178.9K$137.7K$373.7K
Free cash flow-$6.50M-$8.90M-$7.08M-$13.73M-$8.34M-$6.35M-$7.09M-$4.09M-$3.45M$42.1K
Investing cash flow-$217.9K-$424.0K-$2.89M-$1.69M-$1.45M-$4.01M-$3.70M-$170.9K-$123.7K-$373.7K
Financing cash flow$719.3K$8.49M$580.6K$13.70M$13.90M$7.22M$14.63M$6.02M$4.10M-$202.6K
Stock-based compensation$987.1K$664.4K$627.9K$934.4K$481.1K$343.8K$197.9K$116.4K$178.9K$435.8K
Depreciation and amortization$1.69M$2.16M$2.58M$2.59M$2.74M$2.83M$1.34M$648.7K$939.5K$1.38M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY13.0%-18.9%12.6%-12.5%-18.9%-31.0%166.8%7.8%--
Gross margin7.6%1.7%15.4%3.5%8.6%9.5%21.9%8.7%1.8%-
Operating margin-50.3%-65.0%-43.3%-78.4%-58.5%-36.6%-1.8%-36.7%-40.6%-
Net margin-51.7%-70.8%-47.6%-88.7%-60.9%-43.5%0.1%-31.2%-39.3%-
Free cash flow margin-39.4%-61.0%-39.3%-85.9%-45.6%-28.2%-21.7%-33.5%-30.4%-
Return on equity-81.7%-62.1%-49.6%-60.8%-87.1%-39.5%0.2%-44.7%-64.5%-261.9%
Return on assets-31.3%-31.9%-23.8%-35.3%-24.7%-23.2%0.1%-29.0%-38.2%-143.9%
Current ratio3.384.212.954.551.662.612.662.461.981.70
Debt to equity----0.480.00----

Source: XBRL data LiqTech International Inc. files with the SEC, latest filing dated Aug 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LIQT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LIQT$15.43M-0.2%-$9.75M-63.2%$9.5M
ASML€32.67B+15.6%€9.61B29.4%$549.12B
TMO$47.35B+8.3%$7.07B14.9%$257.42B
LRCX$26.13B+33.4%$8.45B32.3%$250.38B
DE$47.98B+8.0%$4.87B10.2%$181.09B
DHR$25.61B+5.5%$4.33B16.9%$161.98B
ETN$31.98B+20.1%$3.90B12.2%$132.76B
JCI$24.43B+5.1%$3.53B14.5%$81.79B
ITW$16.65B+4.8%$3.23B19.4%$79.84B

LIQT FAQ

7 questions
  • What is LIQT revenue?
    LiqTech International Inc. (LIQT) reported $15.43M of revenue for the twelve months ended Jun 30, 2026. That is down 0.2% from the year before. Revenue for fiscal 2025 was $16.51M.
  • Is LIQT profitable?
    No. LiqTech International Inc. reported a net loss of $9.75M for the twelve months ended Jun 30, 2026.
  • How fast is LIQT revenue growing?
    LiqTech International Inc.'s revenue changed +13.0% in fiscal 2025, to $16.51M. Its compound annual growth rate was -6.0% over 5 years.
  • What is LIQT gross margin?
    LiqTech International Inc.'s gross profit was $1.40M on $15.43M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 9.1%.
  • What is LIQT free cash flow?
    LiqTech International Inc. generated -$8.81M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$8.24M less capital expenditures.
  • When did LIQT last report financial results?
    The latest statements here come from LiqTech International Inc.'s 10-Q filed on Aug 12, 2026, covering the period ended Jun 30, 2026.
  • Where does this LIQT financial data come from?
    Quantisnow builds these statements from the structured XBRL data LiqTech International Inc. files with the SEC. It is provided for information only and is not investment advice.