Filing Flows › Liqtech International (LIQT) › Q1 2025
Liqtech International (LIQT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Liqtech International (LIQT) reported revenue of $4.6M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +36% from the quarter before. Operating margin was -47.3%, net loss $2.4M (51.1% of revenue).
Liqtech International, Q1 2025: revenue $4.6M (+9% year over year), operating margin -47.3%, net loss $2.4M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6M | +36% | +9% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$2.4M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $4.6M in Q1 2025, up 9% year over year and up 36% from the previous quarter.
Gross margin was 2.7%, down 3.7 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -47.3%. Operating expenses fell 0% while revenue rose 9%. The fastest-growing cost line was Sales & marketing (+39%). The quarter ended with a net loss of $2.4M, narrower than the previous quarter's $3.0M loss. Minority interests bore $7K of it: to shareholders the quarter was a loss of $2.4M.
Operating cash flow was −$1.3M. Non-cash charges added back $442K of depreciation and amortization and $241K of share-based compensation. Working capital and other items added $378K. Capital expenditures of $163K exceeded it, leaving free cash flow of −$1.5M.
Questions
What was Liqtech International's revenue in the first quarter 2025?
Liqtech International (LIQT) reported revenue of $4.6M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +36% from the quarter before.
Was Liqtech International profitable in the first quarter 2025?
Operating loss was $2.2M (-47.3% of revenue) and net loss $2.4M.