Filing Flows › Liqtech International (LIQT) › Q2 2026
Liqtech International (LIQT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 12, 2026
Liqtech International (LIQT) reported revenue of $4.4M for the second quarter 2026 (Q2 2026), -12% from a year earlier and +5% from the quarter before. Operating margin was -53.4%, net loss $3.1M (69.9% of revenue).
Liqtech International, Q2 2026: revenue $4.4M (-12% year over year), operating margin -53.4%, net loss $3.1M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4M | +5% | -12% |
| Operating profit | −$2.3M | — | — |
| Net earnings | −$3.1M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
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.
Questions
What was Liqtech International's revenue in the second quarter 2026?
Liqtech International (LIQT) reported revenue of $4.4M for the second quarter 2026 (Q2 2026), -12% from a year earlier and +5% from the quarter before.
Was Liqtech International profitable in the second quarter 2026?
Operating loss was $2.3M (-53.4% of revenue) and net loss $3.1M.