Filing Flows › Liqtech International (LIQT) › Q1 2026
Liqtech International (LIQT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Liqtech International (LIQT) reported revenue of $4.1M for the first quarter 2026 (Q1 2026), -10% from a year earlier and +32% from the quarter before. Operating margin was -55.1%, net loss $2.7M (65.9% of revenue).
Liqtech International, Q1 2026: revenue $4.1M (-10% year over year), operating margin -55.1%, net loss $2.7M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +32% | -10% |
| Operating profit | −$2.3M | — | — |
| Net earnings | −$2.7M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $4.1M in Q1 2026, down 10% year over year and up 32% from the previous quarter.
Gross margin was 9.5%, up 6.8 points from Q1 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -55.1%. Operating expenses grew 16% against a revenue fall of 10%. The fastest-growing cost line was Sales & marketing (+37%). The quarter ended with a net loss of $2.7M, wider than the previous quarter's $2.6M loss. Minority interests bore $15K of it: to shareholders the quarter was a loss of $2.7M.
Operating cash flow was −$1.9M. Non-cash charges added back $357K of depreciation and amortization and $218K of share-based compensation. Working capital and other items added $208K. Capital expenditures of $270K exceeded it, leaving free cash flow of −$2.2M.
Questions
What was Liqtech International's revenue in the first quarter 2026?
Liqtech International (LIQT) reported revenue of $4.1M for the first quarter 2026 (Q1 2026), -10% from a year earlier and +32% from the quarter before.
Was Liqtech International profitable in the first quarter 2026?
Operating loss was $2.3M (-55.1% of revenue) and net loss $2.7M.