Filing Flows › Liqtech International (LIQT) › Q4 2025
Liqtech International (LIQT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Liqtech International (LIQT) reported revenue of $3.1M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -18% from the quarter before. Operating margin was -85.8%, net loss $2.6M (83.9% of revenue).
Liqtech International, Q4 2025: revenue $3.1M (-8% year over year), operating margin -85.8%, net loss $2.6M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1M | -18% | -8% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $3.1M in Q4 2025, down 8% year over year and down 18% from the previous quarter.
Operating costs exceeded revenue by $2.7M, an operating margin of -85.8%. Total costs fell 6% while revenue fell 8%. The fastest-growing cost line was General & admin (+39%). The quarter ended with a net loss of $2.6M, wider than the previous quarter's $1.5M loss. Minority interests bore $31K of it: to shareholders the quarter was a loss of $2.6M.
Operating cash flow was −$2.1M. Non-cash charges added back $376K of depreciation and amortization and $257K of share-based compensation. Working capital and other items used $141K. Capital expenditures of $166K exceeded it, leaving free cash flow of −$2.3M.
Questions
What was Liqtech International's revenue in the fourth quarter 2025?
Liqtech International (LIQT) reported revenue of $3.1M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -18% from the quarter before.
Was Liqtech International profitable in the fourth quarter 2025?
Operating loss was $2.7M (-85.8% of revenue) and net loss $2.6M.