Liqtech International Inc (LIQT) Financial Statements
Industry: Misc Industrial & Commercial Machinery & Equipment
In fiscal 2025, Liqtech International reported revenue of $16.5M, up 13.0% from $14.6M the year before. Net income was -$8.5M (a -51.7% net margin). Gross margin was 7.6% and operating margin was -50.3%. Operating activities generated -$6.1M of cash, leaving -$6.5M of free cash flow. At fiscal year end, Liqtech International held $27.3M in total assets against $16.9M in total liabilities, including $5.1M of cash and equivalents.
Open the full interactive Liqtech International financials → Quarterly statements, key ratios, valuation history and price charts.
Liqtech International Key Stats
| Share Price | $0.42 |
|---|---|
| Market Cap | $8.7M |
| Revenue YoY Growth | +13.0% |
| 52-Week Range | $0.41 – $2.96 |
| Shares Outstanding | 20.8 million (basic, 2026 Q2) |
Liqtech International Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $22.5M | $18.3M | $16.0M | $18.0M | $14.6M | $16.5M |
| Cost of Goods Sold | $20.4M | $16.7M | $15.4M | $15.2M | $14.4M | $15.3M |
| Gross Profit | $2.1M | $1.6M | $567,144 | $2.8M | $250,905 | $1.3M |
| Operating Income | -$8.3M | -$10.7M | -$12.5M | -$7.8M | -$9.5M | -$8.3M |
| Pre-Tax Income | -$10.3M | -$11.2M | -$14.4M | -$8.8M | -$10.4M | -$8.6M |
| Income Tax | -$465,145 | -$63,036 | -$237,410 | -$206,207 | -$38,837 | -$1,454 |
| Net Income | -$9.8M | -$11.1M | -$14.2M | -$8.6M | -$10.3M | -$8.5M |
| Diluted EPS | -$3.68 | -$4.16 | — | — | — | — |
Liqtech International Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.8M | $3.1M | $4.1M | $4.4M |
| Net Income | -$1.4M | -$2.6M | -$2.7M | -$3.0M |
Liqtech International Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | $15.4M | — | $10.4M | — | $5.1M |
| Current Assets | $25.7M | $28.1M | $27.7M | $22.1M | $20.6M | $16.0M |
| Total Assets | $42.2M | $45.1M | $40.1M | $36.0M | $32.4M | $27.3M |
| Current Liabilities | $9.8M | $16.9M | $6.1M | $7.5M | $4.9M | $4.7M |
| Total Long-Term Debt | — | $6.2M | $5.5M | $4.7M | $5.3M | $5.5M |
| Total Liabilities | $17.4M | $32.3M | $16.8M | $18.7M | $15.8M | $16.9M |
| Shareholders' Equity | $24.8M | $12.8M | $23.3M | $17.3M | $16.7M | $10.4M |
Liqtech International Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$2.6M | -$7.2M | -$12.0M | -$4.2M | -$7.5M | -$6.1M |
| Cash From Investing | -$4.0M | -$1.5M | -$1.7M | -$2.9M | -$424,036 | -$217,930 |
| Cash From Financing | $7.2M | $13.9M | $13.7M | $580,645 | $8.5M | $719,287 |
| Free Cash Flow | -$6.4M | -$8.3M | -$13.7M | -$7.1M | -$8.9M | -$6.5M |
Figures from Liqtech International's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Liqtech International financials page for every line item.
Liqtech International Company Profile
| Ticker | LIQT |
|---|---|
| Exchange | Nasdaq |
| Industry | Misc Industrial & Commercial Machinery & Equipment |
| Headquarters | Ballerup, Denmark |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001307579 |
Frequently Asked Questions
What was Liqtech International's revenue in fiscal 2025?
Liqtech International (LIQT) reported revenue of $16.5M for fiscal 2025.
What is Liqtech International's annual revenue history?
Liqtech International's annual revenue by fiscal year: 2020: $22.5M; 2021: $18.3M; 2022: $16.0M; 2023: $18.0M; 2024: $14.6M; 2025: $16.5M.
What was Liqtech International's net income in fiscal 2025?
Liqtech International reported net income of -$8.5M for fiscal 2025.
How much free cash flow did Liqtech International generate in fiscal 2025?
Liqtech International generated -$6.5M of free cash flow in fiscal 2025.
What was Liqtech International's revenue last quarter?
In its most recent reported quarter (2026 Q2), Liqtech International reported revenue of $4.4M.
How much debt does Liqtech International have?
Liqtech International reported $5.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Liqtech International are outstanding?
Liqtech International reported a weighted average of 20.8 million basic shares outstanding in 2026 Q2.
What is Liqtech International's market cap?
Based on its latest closing price, Liqtech International (LIQT) has a market capitalization of about $8.7M.
When does Liqtech International's fiscal year end?
Liqtech International's fiscal year end, as registered with the SEC, is December 31.
Where is Liqtech International headquartered?
Liqtech International lists its business address in Ballerup, Denmark in its SEC filings.