Filing Flows › Liqtech International (LIQT) › Q2 2025
Liqtech International (LIQT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Liqtech International (LIQT) reported revenue of $5.0M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +7% from the quarter before. Operating margin was -42.6%, net loss $2.2M (43.6% of revenue).
Liqtech International, Q2 2025: revenue $5.0M (+10% year over year), operating margin -42.6%, net loss $2.2M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | +7% | +11% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$2.2M | — | — |
| Operating cash flow | −$1.6M | — | — |
What changed
Revenue was $5.0M in Q2 2025, up 11% year over year and up 7% from the previous quarter.
Gross margin was 9.8%, down 6.2 points from a year earlier. Operating costs exceeded revenue by $2.1M, an operating margin of -42.6%. Operating expenses fell 7% while revenue rose 11%. The quarter ended with a net loss of $2.2M, narrower than the previous quarter's $2.4M loss. Minority interests bore $9K of it: to shareholders the quarter was a loss of $2.2M.
Operating cash flow was −$1.6M. Non-cash charges added back $459K of depreciation and amortization and $231K of share-based compensation. Working capital and other items used $139K. Capital expenditures of −$61K exceeded it, leaving free cash flow of −$1.5M.
Questions
What was Liqtech International's revenue in the second quarter 2025?
Liqtech International (LIQT) reported revenue of $5.0M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +7% from the quarter before.
Was Liqtech International profitable in the second quarter 2025?
Operating loss was $2.1M (-42.6% of revenue) and net loss $2.2M.