Liqtech International Inc
LIQT Nasdaq· Misc Industrial & Commercial Machinery & Equipment
Last close · Oct 23, 2026
$0.34
KIRA · Stoqly’s AI analyst, in plain words
- Liqtech International Inc had $16.5M of revenue in fiscal 2025, up 13.0% on the year before. Over five years, revenue changed −6.0% a year on average.
- Its operating margin was −50.3%, up 14.6 pts: of every 100 in sales, about −50 is left after running the business.
- Liqtech International Inc lost $8.5M in fiscal 2025.
- Free cash flow was −$6.5M in fiscal 2025, −39.4% of revenue.
Market cap
—
P/E
—
Revenue
$16.5M
Net income
−$8.5M
Free cash flow
−$6.5M
Operating margin
−50.3%
Liqtech International Inc in 30 seconds · fiscal 2025
Are sales growing?
+13.0%
Yes. Sales grew 13.0% last year.
Does it make a profit?
−51.7%
No. It lost money last year.
Does profit turn into cash?
−39.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
What Liqtech International Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Legal name
- LIQTECH INTERNATIONAL INC
- CIK
- 0001307579
Liqtech International Inc · LIQT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $18.3M | $16.0M | $18.0M | $14.6M | $16.5M |
| Revenue growth | −18.9% | −12.5% | 12.6% | −18.9% | 13.0% |
| Gross margin | 8.6% | 3.5% | 15.4% | 1.7% | 7.6% |
| Operating margin | −58.5% | −78.4% | −43.3% | −65.0% | −50.3% |
| Net income | −$11.1M | −$14.2M | −$8.6M | −$10.3M | −$8.5M |
| Net margin | −60.9% | −88.7% | −47.6% | −70.8% | −51.7% |
| Diluted EPS | −$0.52 | — | — | — | — |
| Cash | |||||
| Cash from operations | −$7.2M | −$12.0M | −$4.2M | −$7.5M | −$6.1M |
| Capital expenditure | $1.1M | $1.7M | $2.9M | $1.4M | $0.4M |
| Free cash flow | −$8.3M | −$13.7M | −$7.1M | −$8.9M | −$6.5M |
| FCF margin | −45.6% | −85.9% | −39.3% | −61.0% | −39.4% |
| Share count change | 1.7% | — | — | — | — |
| Debt and strength | |||||
| Cash and short-term investments | $15.4M | — | $10.4M | — | $5.1M |
| Debt incl. finance leases | $9.1M | — | — | — | — |
| Shareholders' equity | $12.8M | $23.3M | $17.3M | $16.7M | $10.4M |
| Current ratio | 1.7x | 4.5x | 2.9x | 4.2x | 3.4x |
| Returns and quality | |||||
| Return on capital | −234.7% | — | — | — | — |
| Return on equity | −59.2% | −78.5% | −42.2% | −61.0% | −63.0% |
| Return on tangible equity | −91.2% | −62.0% | −50.6% | −63.1% | −84.0% |
| Piotroski F-score | 1 | 2 | 4 | 2 | 4 |
| Altman Z'' | −3.4 | −2.6 | −4.7 | −6.3 | −10.0 |
Insiders bought, 12 months
$0.8M
3 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Liqtech International Inc · LIQT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.34 a share, the company is worth —.
Source: SEC EDGAR XBRL filings (CIK 0001307579). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.