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Liqtech International (LIQT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Liqtech International (LIQT) Q2 2026 earnings results →
Q2 2026 Revenue down 12% year over year to $4.4M · 70¢ of every $1 of revenue lost · operating margin -53.4%
Liqtech International made $4.4M in Q2 2026 (-12% Y/Y). Operating margin -53.4%, net loss $3.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
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What changed this quarter
Revenue was $4.4M in Q2 2026, down 12% year over year and up 5% from the previous quarter.
Gross margin was 8.4%, down 1.4 points from Q2 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -53.4%. Operating expenses grew 4% against a revenue fall of 12%. The fastest-growing cost line was Research & development (+12%). The quarter ended with a net loss of $3.1M, wider than the previous quarter's $2.7M loss. Minority interests bore $35K of it: to shareholders the quarter was a loss of $3.0M.
Operating cash flow was −$3.1M. Non-cash charges added back $302K of depreciation and amortization and $218K of share-based compensation. Working capital and other items used $564K. Capital expenditures of $8K exceeded it, leaving free cash flow of −$3.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $4.4M | -12% | -53.4% | −$3.1M | −$3.1M |
| Q1 2026 | 10-Q | May 13, 2026 | $4.1M | -10% | -55.1% | −$2.7M | −$1.9M |
| Q4 2025 | 10-K | Feb 27, 2026 | $3.1M | -8% | -85.8% | −$2.6M | −$2.1M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $3.8M | +54% | -35.0% | −$1.5M | −$1.1M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $5.0M | +10% | -42.6% | −$2.2M | −$1.6M |
| Q1 2025 | 10-Q | May 14, 2025 | $4.6M | +9% | -47.3% | −$2.4M | −$1.3M |
| Q4 2024 | 10-K | Mar 28, 2025 | $3.4M | -13% | -81.2% | −$3.0M | −$2.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Liqtech International against its Misc Industrial & Commercial Machinery & Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -12% against the peers' median +15%. Operating margin: -53.4% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LIQT Liqtech International | Q2 2026 | $4.4M | -12% | -53.4% |
| ETN Eaton | Q3 2026 | $8.9B | +28% | 15.3% |
| MOG-A Moog | Q3 FY26 | $1.1B | +15% | 15.8% |
| CW Curtiss Wright | Q3 2026 | $953M | +10% | 19.7% |
| EPAC Enerpac Tool Group | Q4 FY26 | $186M | +11% | 18.5% |
| QIND Quality Industrial | Q2 2026 | $3.5M | -12% | 3.7% |
| NGTF NightFood Holdings | Q4 FY26 | $2.4M | +409% | n/m |
| VHUB VenHub Global | Q2 2026 | $87K | +536% | n/m |
Source: Liqtech International 10-Q on SEC EDGAR · CIK 1307579 · Misc Industrial & Commercial Machinery & Equipment
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results