LIQT

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LiqTech International, Inc.

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Key Metrics

Previous Close: $0.54
52-Week Range: $0.52 – $3.35
Market Cap: $18.25M
P/E (TTM): —
EPS (TTM): -0.91
Dividend Yield: —

Advanced Metrics

Price/Book: 0.70
PEG Ratio: 0.80
Return on Equity: -49.63%
Return on Assets: -15.47%
Gross Margin: 9.07%
Operating Margin: -53.44%
Profit Margin: -63.18%
Current Ratio: 4.37
Debt/Equity: 0.31
Total Debt: $8.10M
Free Cash Flow: $-4.32M
Revenue Growth: -12.00%
Earnings Growth: —
Enterprise Value: $10.13M

LIQT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$15.98M	$18.00M	$14.60M	$16.51M
Cost of Revenue	$15.42M	$15.23M	$14.35M	$15.26M
Gross Profit	$567.14K	$2.78M	$250.91K	$1.25M
Research & Development	$1.84M	$1.42M	$1.35M	$1.16M
Selling, General & Admin	$9.37M	$9.16M	$8.39M	$8.40M
Operating Expenses	$11.21M	$10.57M	$9.74M	$9.56M
Operating Income	-$10.64M	-$7.80M	-$9.49M	-$8.31M
EBITDA	-$9.01M	-$5.08M	-$6.87M	-$5.56M
Pretax Income	-$14.41M	-$8.78M	-$10.38M	-$8.60M
Income Tax	-$237.41K	-$206.21K	-$38.84K	-$1.45K
Net Income	-$14.17M	-$8.57M	-$10.35M	-$8.53M
Diluted EPS	-3.20	-1.51	-1.64	-0.89
Diluted Shares	4.42M	5.69M	6.31M	9.61M

LIQT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$15.16M	$9.48M	$10.87M	$5.07M
Receivables	$4.56M	$6.06M	$4.06M	$4.16M
Inventory	$4.06M	$5.27M	$5.54M	$6.48M
Current Assets	$27.67M	$22.09M	$20.64M	$15.96M
Total Assets	$40.13M	$35.97M	$32.43M	$27.28M
Current Liabilities	$6.09M	$7.50M	$4.90M	$4.72M
Long-Term Debt	$5.48M	$4.69M	$5.30M	$6.78M
Total Debt	$11.54M	$12.22M	$11.81M	$13.35M
Total Liabilities	$16.82M	$18.70M	$15.77M	$16.84M
Retained Earnings	-$67.35M	-$75.92M	-$86.27M	-$94.80M
Shareholders' Equity	$23.31M	$17.28M	$16.65M	$10.43M
Working Capital	$21.58M	$14.59M	$15.74M	$11.24M
Net Debt	—	—	—	$1.71M

LIQT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$12.04M	-$4.18M	-$7.53M	-$6.11M
Capital Expenditure	-$1.69M	-$2.89M	-$1.37M	-$395.18K
Free Cash Flow	-$13.73M	-$7.08M	-$8.90M	-$6.50M
Depreciation & Amortisation	$2.59M	$3.14M	$2.74M	$2.30M
Stock-Based Compensation	$934.42K	$627.90K	$664.43K	$987.07K
Investing Cash Flow	-$1.69M	-$2.89M	-$424.04K	-$217.93K
Financing Cash Flow	$13.70M	$580.64K	$8.49M	$719.29K
Net Change in Cash	-$32.45K	-$6.49M	$535.19K	-$5.61M

LIQT Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$4.62M	$4.96M	$3.81M	$3.13M	$4.14M
Cost of Revenue	$4.49M	$4.47M	$3.06M	$3.23M	$3.74M
Gross Profit	$125.06K	$484.58K	$747.88K	-$106.99K	$393.74K
Research & Development	$230.12K	$242.56K	$269.43K	$421.55K	$276.13K
Selling, General & Admin	$2.08M	$2.35M	$1.81M	$2.15M	$2.39M
Operating Expenses	$2.31M	$2.59M	$2.08M	$2.57M	$2.67M
Operating Income	-$2.19M	-$2.11M	-$1.33M	-$2.68M	-$2.28M
EBITDA	-$1.57M	-$1.41M	-$741.56K	-$1.85M	-$1.90M
Pretax Income	-$2.36M	-$2.16M	-$1.46M	-$2.62M	-$2.73M
Income Tax	-$339.00	-$360.00	-$375.00	-$380.00	-$377.00
Net Income	-$2.35M	-$2.15M	-$1.43M	-$2.59M	-$2.71M
Diluted EPS	-0.25	-0.22	-0.15	—	-0.28
Diluted Shares	9.60M	9.61M	9.62M	—	9.85M

LIQT Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$10.45M	$8.67M	$7.35M	$5.07M	$2.73M
Receivables	$4.29M	$5.24M	$4.74M	$4.16M	$4.30M
Inventory	$5.71M	$5.51M	$6.43M	$6.48M	$6.48M
Current Assets	$20.91M	$19.79M	$18.78M	$15.96M	$14.15M
Total Assets	$32.57M	$31.72M	$30.30M	$27.28M	$24.95M
Current Liabilities	$5.51M	$5.48M	$5.37M	$4.72M	$5.66M
Long-Term Debt	$6.37M	$6.50M	$6.63M	$6.78M	$6.76M
Total Debt	$12.99M	$13.39M	$13.23M	$13.35M	$12.89M
Total Liabilities	$17.50M	$17.79M	$17.52M	$16.84M	$17.40M
Retained Earnings	-$88.62M	-$90.77M	-$92.20M	-$94.80M	-$97.51M
Shareholders' Equity	$15.06M	$13.93M	$12.81M	$10.43M	$7.63M
Working Capital	$15.40M	$14.31M	$13.41M	$11.24M	$8.48M
Net Debt	—	—	—	$1.71M	$4.02M

LIQT Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$1.30M	-$1.61M	-$1.07M	-$2.13M	-$1.94M
Capital Expenditure	-$163.47K	—	-$126.59K	-$166.25K	-$269.72K
Free Cash Flow	-$1.46M	-$1.55M	-$1.20M	-$2.30M	-$2.21M
Depreciation & Amortisation	$576.83K	$605.58K	$568.57K	$546.30K	$529.76K
Stock-Based Compensation	$241.25K	$230.55K	$258.54K	$256.74K	$218.32K
Investing Cash Flow	-$110.86K	$62.98K	-$125.25K	-$44.79K	-$269.72K
Financing Cash Flow	$989.72K	-$133.23K	-$69.47K	-$67.74K	-$309.27K
Share Repurchases	$0.00	—	—	—	-$182.50K
Net Change in Cash	-$418.32K	-$1.68M	-$1.26M	-$2.24M	-$2.52M

Market Snapshot

About

LiqTech International, Inc. is a clean technology company that develops and manufactures ceramic silicon carbide filtration products. The company's membranes and filters are used for liquid and gas purification in industrial applications including water treatment, marine scrubber systems, and diesel particulate filtration. LiqTech's silicon carbide technology offers advantages in durability, chemical resistance, and filtration efficiency. The company serves customers in environmental protection, maritime, and industrial processing sectors.