Filing Flows › Liqtech International (LIQT) › Q3 2025
Liqtech International (LIQT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Liqtech International (LIQT) reported revenue of $3.8M for the third quarter 2025 (Q3 2025), +54% from a year earlier and -23% from the quarter before. Operating margin was -35.0%, net loss $1.5M (38.3% of revenue).
Liqtech International, Q3 2025: revenue $3.8M (+54% year over year), operating margin -35.0%, net loss $1.5M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8M | -23% | +54% |
| Operating profit | −$1.3M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $3.8M in Q3 2025, up 54% year over year and down 23% from the previous quarter.
Gross margin was 19.6%. Operating costs exceeded revenue by $1.3M, an operating margin of -35.0%. The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $2.2M loss. Minority interests bore $28K of it: to shareholders the quarter was a loss of $1.4M.
Operating cash flow was −$1.1M. Non-cash charges added back $415K of depreciation and amortization and $259K of share-based compensation. Working capital and other items used $284K. Capital expenditures of $127K exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Liqtech International's revenue in the third quarter 2025?
Liqtech International (LIQT) reported revenue of $3.8M for the third quarter 2025 (Q3 2025), +54% from a year earlier and -23% from the quarter before.
Was Liqtech International profitable in the third quarter 2025?
Operating loss was $1.3M (-35.0% of revenue) and net loss $1.5M.