Filing Flows

Filing Flows › Companies › Liqtech International › Cash flow

Liqtech International cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$3.1M in Q2 2026 · −$8.8M over twelve months

Operating cash flow−$3.1M
Capital spending−$8K
Free cash flow−$3.1M
Cash conversion cycle195 days

Analysis

In Q2 2026, Liqtech International generated −$3.1M of operating cash flow and spent $8K on capital projects, leaving free cash flow of −$3.1M. That is $1.6M less than in Q2 2025 (−$1.5M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$8.2M; the largest uses were operating cash flow ($8.2M), capital spending ($570K), net borrowing (+) / repaid (−) ($392K); besides operations, cash came from other financing ($16.0M), asset & business sales ($143K); the cash balance rose by $7.0M.

Operating cash flow was −$3.1M against net income of −$3.1M. The largest differences: receivables −$1.6M, inventory +$678K, payables −$634K.

Its cash conversion cycle was 195 days (receivables 93 + inventory 142 − payables 39).

Free cash flow

Liqtech International: free cash flow by quarterLiqtech International: free cash flow by quarter−$2.1MQ3 2024−$2.4MQ4 2024−$1.5MQ1 2025−$1.5MQ2 2025−$1.2MQ3 2025−$2.3MQ4 2025−$2.2MQ1 2026−$3.1MQ2 2026
Operating cash flow less capital spending.
Liqtech International: operating cash flow against capital spendingLiqtech International: operating cash flow against capital spendingOperating cash flowCapital spending−$1.7M$365KQ3 2024−$2.0M$390KQ4 2024−$1.3M$163KQ1 2025−$1.6M−$61KQ2 2025−$1.1M$127KQ3 2025−$2.1M$166KQ4 2025−$1.9M$270KQ1 2026−$3.1M$8KQ2 2026
Latest (Q2 2026): Operating cash flow −$3.1M, Capital spending $8K.

Capital allocation, year by year

Liqtech International: where the cash came from (up) and went (down), by fiscal yearLiqtech International: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow −$7.2MFY2021: Net borrowing $13.8MFY2021: Asset sales $1KFY2021: Capital spending −$1.1MFY2021: Acquisitions −$318K$13.8MFY2021FY2022: Operating cash flow −$12.0MFY2022: Net borrowing $5.6MFY2022: Asset sales $1KFY2022: Capital spending −$1.7M$5.6MFY2022FY2023: Operating cash flow −$4.2MFY2023: Asset sales $7KFY2023: Capital spending −$2.9M$7KFY2023FY2024: Operating cash flow −$7.5MFY2024: Net borrowing −$1.4MFY2024: Asset sales $944KFY2024: Capital spending −$1.4M$944KFY2024FY2025: Operating cash flow −$6.1MFY2025: Net borrowing $703KFY2025: Asset sales $177KFY2025: Capital spending −$395K$880KFY2025
Over these 5 years operating cash flow totalled −$37.1M; the largest uses were operating cash flow ($37.1M) and capital spending ($7.5M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$2.7M
Debtnone
Net cash$2.7M
Cash runway4 months

Liqtech International is burning cash: its operations consume cash, a free cash flow of −$8.8M a year at the current rate against $2.7M of cash and investments: a runway of about 4 months before any new financing.

Where the cash came from and went

Liqtech International: sources (+) and uses (−) of cash, Q2 2026Liqtech International: sources (+) and uses (−) of cash, Q2 2026Other financing$16.2MCash drawn (+) / kept (−)−$12.9MOperating cash flow−$3.1MNet borrowing (+) / repaid (−)−$127KExchange rates−$64KAsset & business sales$20KCapital spending−$8K
Liqtech International: sources (+) and uses (−) of cash, TTM to Q2 2026Liqtech International: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$16.0MOperating cash flow−$8.2MCash drawn (+) / kept (−)−$7.0MCapital spending−$570KNet borrowing (+) / repaid (−)−$392KAsset & business sales$143KExchange rates$24K

From profit to cash

Liqtech International: net income to operating cash flow, Q2 2026Liqtech International: net income to operating cash flow, Q2 2026Net income−$3.1MDepreciation & amortization$302KStock-based pay$218KGains on disposals−$15KReceivables−$1.6MInventory$678KPayables−$634KAccrued liabilities$324KDeferred revenue−$84KContract assets$295KPrepaid and other assets$108KOperating cash flow−$3.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20269314239195
Q1 20267715643190
Q4 202510618450240
Q3 20259518053222
Q2 20256911433150
Q1 20255711331139
Q4 20246413835166
Q3 20249520360238

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$3.1M−$8K−$127K−$12.9M−$3.1M
Q1 2026−$1.9M−$270K−$127K$2.3M−$2.2M
Q4 2025−$2.1M−$166K−$62K$2.3M−$2.3M
Q3 2025−$1.1M−$127K−$77K$1.3M−$1.2M
Q2 2025−$1.6M$61K−$132K$1.8M−$1.5M
Q1 2025−$1.3M−$163K$973K$421K−$1.5M
Q4 2024−$2.0M−$390K−$22K−$6.3M−$2.4M
Q3 2024−$1.7M−$365K—$955K−$2.1M

Liqtech International: income statement and cash flow

Liqtech International, Q2 2026: revenue $4.4M (-12% year over year), operating margin -53.4%. The chart follows the revenue to costs, profit and cash.

Liqtech International: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.