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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $3.74M | - | $3.06M | $4.47M | $4.49M | - | $2.69M | $3.77M | $3.96M | - |
| Gross Profit | $393.7K | - | $747.9K | $484.6K | $125.1K | - | ($209.5K) | $717.2K | $271.1K | - |
| R&D | $276.1K | - | $269.4K | $242.6K | $230.1K | - | $278.4K | $407.3K | $254.8K | - |
| SG&A | $1.41M | - | $1.27M | $1.54M | $1.36M | - | $1.49M | $1.54M | $1.54M | - |
| Total Operating Expenses | $2.67M | - | $2.08M | $2.59M | $2.31M | - | $2.38M | $2.80M | $2.32M | - |
| D&A | $356.9K | - | - | - | $442.0K | - | - | - | $541.4K | - |
| Operating Income | ($2.28M) | - | ($1.33M) | ($2.11M) | ($2.19M) | - | ($2.59M) | ($2.09M) | ($2.05M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($377) | - | ($375) | ($360) | ($339) | - | ($10.1K) | ($14.2K) | ($14.4K) | - |
| Net Income | ($2.71M) | - | ($1.43M) | ($2.15M) | ($2.35M) | - | ($2.84M) | ($2.11M) | ($2.39M) | - |
| EPS - Basic | ($0.28) | - | ($0.15) | ($0.22) | ($0.25) | - | ($0.49) | ($0.36) | ($0.41) | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.73M | $5.07M | - | - | - | - | $4.54M | $5.49M | $7.73M | $10.42M |
| Accounts Receivable | $3.66M | $3.43M | $3.78M | $4.10M | $3.44M | $2.40M | $2.32M | $2.80M | $2.71M | $3.17M |
| Inventory | $6.48M | $6.48M | $6.43M | $5.51M | $5.71M | $5.54M | $6.26M | $5.62M | $5.51M | $5.27M |
| Accounts Payable | $2.04M | $1.55M | $1.96M | $1.53M | $1.76M | $1.30M | $1.72M | $1.81M | $2.16M | $2.44M |
| Current Assets | $14.15M | $15.96M | $18.78M | $19.79M | $20.91M | $20.64M | $15.96M | $17.18M | $19.41M | $22.09M |
| Total Assets | $24.95M | $27.28M | $30.30M | $31.72M | $32.57M | $32.43M | $28.73M | $28.58M | $31.37M | $35.97M |
| Current Liabilities | $5.66M | $4.72M | $5.37M | $5.48M | $5.51M | $4.90M | $6.00M | $6.26M | $6.63M | $7.50M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $17.40M | $16.91M | $17.52M | $17.79M | $17.50M | $15.77M | $17.30M | $16.31M | $16.83M | $18.70M |
| Stockholders' Equity | $7.63M | $10.43M | $12.81M | $13.93M | $15.06M | $16.65M | $11.42M | $12.27M | $14.54M | $17.28M |
| Retained Earnings | ($97.51M) | ($94.80M) | ($92.20M) | ($90.77M) | ($88.62M) | ($86.27M) | ($83.26M) | ($80.42M) | ($78.31M) | ($75.92M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.94M) | - | - | - | ($1.30M) | - | - | - | ($1.96M) | - |
| Investing Cash Flow | ($269.7K) | - | - | - | ($110.9K) | - | - | - | $551.8K | - |
| Financing Cash Flow | ($309.3K) | - | - | - | $989.7K | - | - | - | ($1.01M) | - |
| CapEx | $269.7K | - | - | - | $163.5K | - | - | - | $389.4K | - |
| Free Cash Flow | ($2.21M) | - | - | - | ($1.46M) | - | - | - | ($2.35M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.82 | - | - | - | 0.62 | - | - | - | 0.98 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -10.9% | - | -4.7% | -6.8% | -7.2% | - | -9.9% | -7.4% | -7.6% | - |
| Return on equity | -35.5% | - | -11.2% | -15.4% | -15.6% | - | -24.9% | -17.2% | -16.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.50 | 3.38 | 3.50 | 3.61 | 3.80 | 4.21 | 2.66 | 2.74 | 2.93 | 2.95 |
| Quick ratio | 1.35 | 2.01 | 2.30 | 2.61 | 2.76 | 3.08 | 1.62 | 1.85 | 2.10 | 2.24 |
| Cash ratio | 0.48 | 1.07 | - | - | - | - | 0.76 | 0.88 | 1.16 | 1.39 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.27 | 2.61 | 2.37 | 2.28 | 2.16 | 1.95 | 2.52 | 2.33 | 2.16 | 2.08 |
| Liabilities / Assets | 0.70 | 0.62 | 0.58 | 0.56 | 0.54 | 0.49 | 0.60 | 0.57 | 0.54 | 0.52 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | 0.58 | - | 0.48 | 0.81 | 0.79 | - | 0.43 | 0.67 | 0.72 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 632d | - | 767d | 450d | 464d | - | 851d | 544d | 507d | - |
| Days payable outstanding | 199d | - | 234d | 125d | 143d | - | 233d | 176d | 199d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 214.9% | - | - | -32.4% | -53.9% | - | - | -38.3% | -30.7% | - |
| Operating income growth (YoY) | -4.2% | - | 48.5% | -1.1% | -6.8% | - | -52.5% | -30.2% | 6.7% | - |
| Net income growth (YoY) | -15.3% | - | 49.6% | -1.9% | 1.5% | - | -100.9% | -35.8% | 0.1% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -51.4% | - | - | - | 37.7% | - | - | - | 1.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -49.4% | -37.4% | 12.1% | 13.5% | 3.6% | -3.6% | -40.7% | -38.7% | -32.3% | -25.9% |
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.