LIQT · Liqtech International Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | $15.26M | $14.35M | $15.23M | $15.42M | $16.70M | $20.38M |
| Gross Profit | $1.25M | $250.9K | $2.78M | $567.1K | $1.58M | $2.15M |
| R&D | $1.16M | $1.35M | $1.42M | $1.84M | $1.86M | $1.28M |
| SG&A | $5.68M | $5.66M | $4.86M | $5.70M | $5.84M | $6.21M |
| Total Operating Expenses | $9.56M | $9.74M | $10.57M | $13.10M | $12.26M | $10.40M |
| D&A | $1.69M | $2.16M | $3.14M | $2.59M | $2.74M | $2.83M |
| Operating Income | ($8.31M) | ($9.49M) | ($7.80M) | ($12.53M) | ($10.69M) | ($8.26M) |
| Interest Expense | - | - | - | - | - | $120.9K |
| Income Tax | ($1.5K) | ($38.8K) | ($206.2K) | ($237.4K) | ($63.0K) | ($465.1K) |
| Net Income | ($8.53M) | ($10.35M) | ($8.57M) | ($14.17M) | ($11.13M) | ($9.81M) |
| EPS - Basic | ($0.89) | ($1.64) | ($1.51) | ($4.16) | - | ($3.68) |
| EPS - Diluted | - | - | - | - | - | ($3.68) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.07M | - | $10.42M | - | $11.75M | - |
| Accounts Receivable | $3.43M | $2.40M | $3.17M | $2.31M | $1.96M | $3.13M |
| Inventory | $6.48M | $5.54M | $5.27M | $4.06M | $5.42M | $5.52M |
| Accounts Payable | $1.55M | $1.30M | $2.44M | $1.39M | $1.65M | $2.33M |
| Current Assets | $15.96M | $20.64M | $22.09M | $27.67M | $28.07M | $25.65M |
| Total Assets | $27.28M | $32.43M | $35.97M | $40.13M | $45.05M | $42.21M |
| Current Liabilities | $4.72M | $4.90M | $7.50M | $6.09M | $16.87M | $9.81M |
| Long-term Debt | - | - | - | - | $0 | - |
| Total Liabilities | $16.91M | $15.77M | $18.70M | $16.82M | $32.28M | $17.39M |
| Stockholders' Equity | $10.43M | $16.65M | $17.28M | $23.31M | $12.77M | $24.82M |
| Retained Earnings | ($94.80M) | ($86.27M) | ($75.92M) | ($67.35M) | ($53.18M) | ($42.05M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($6.11M) | ($7.53M) | ($4.18M) | ($12.04M) | ($7.20M) | ($2.60M) |
| Investing Cash Flow | ($217.9K) | ($424.0K) | ($2.89M) | ($1.69M) | ($1.45M) | ($4.01M) |
| Financing Cash Flow | $719.3K | $8.49M | $580.6K | $13.70M | $13.90M | $7.22M |
| CapEx | $395.2K | $1.37M | $2.89M | $1.69M | $1.13M | $3.75M |
| Free Cash Flow | ($6.50M) | ($8.90M) | ($7.08M) | ($13.73M) | ($8.34M) | ($6.35M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 0.76 | 0.86 | 0.83 | 0.97 | 0.75 | 0.65 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -31.3% | -31.9% | -23.8% | -35.3% | -24.7% | -23.2% |
| Return on equity | -81.7% | -62.1% | -49.6% | -60.8% | -87.1% | -39.5% |
| Return on invested capital | - | - | - | - | -66.1% | - |
| Liquidity | ||||||
| Current ratio | 3.38 | 4.21 | 2.95 | 4.55 | 1.66 | 2.61 |
| Quick ratio | 2.01 | 3.08 | 2.24 | 3.88 | 1.34 | 2.05 |
| Cash ratio | 1.07 | - | 1.39 | - | 0.70 | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | 0.00 | - |
| Debt / Assets | - | - | - | - | 0.00 | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | -68.3x |
| Equity multiplier | 2.61 | 1.95 | 2.08 | 1.72 | 3.53 | 1.70 |
| Liabilities / Assets | 0.62 | 0.49 | 0.52 | 0.42 | 0.72 | 0.41 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | 2.35 | 2.59 | 2.89 | 3.80 | 3.08 | 3.69 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 155d | 141d | 126d | 96d | 119d | 99d |
| Days payable outstanding | 37d | 33d | 59d | 33d | 36d | 42d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | 54.7x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 398.4% | -91.0% | 389.4% | -64.0% | -26.6% | -70.0% |
| Operating income growth (YoY) | 12.4% | -21.7% | 37.8% | -17.3% | -29.5% | -2004.0% |
| Net income growth (YoY) | 17.6% | -20.7% | 39.5% | -27.3% | -13.4% | - |
| EPS growth (YoY) | - | - | - | - | - | -1433.3% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 26.9% | -25.8% | 48.5% | -64.7% | -31.2% | 10.4% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -37.4% | -3.6% | -25.9% | 82.5% | -48.5% | 259.1% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Misc Industrial & Commercial Machinery & Equipment
Comparing LIQTECH INTERNATIONAL INC against the 5 most active filers in the same SIC group.