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Liquidmetal Technologies (LQMT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Liquidmetal Technologies (LQMT) Q2 2026 earnings results →
Q2 2026 Revenue down 32% year over year to $196K · 429¢ of every $1 of revenue lost · operating margin -604.6%
Liquidmetal Technologies made $196K in Q2 2026 (-32% Y/Y): Product $193K, License $3K. Operating margin -604.6%, net loss $841K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $196K in Q2 2026, down 32% year over year and down 23% from the previous quarter. Product was the largest line at 98% of revenue. Product lost $96K year over year (down 33%), 103% of the total change.
Gross margin was 45.4%, up 18.8 points from Q2 2025. Operating costs exceeded revenue by $1.2M, an operating margin of -604.6%. Operating expenses grew 37% against a revenue fall of 32%. The fastest-growing cost line was SG&A (+37%). The quarter ended with a net loss of $841K, wider than the previous quarter's $765K loss. Minority interests bore $1K of it: to shareholders the quarter was a loss of $840K. Non-operating items added $345K, -41% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$193K. Non-cash charges added back $134K of depreciation and amortization and $33K of share-based compensation. Working capital and other items added $481K. Capital expenditures of $156K exceeded it, leaving free cash flow of −$349K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $196K | -32% | -604.6% | −$841K | −$193K |
| Q1 2026 | 10-Q | May 8, 2026 | $256K | -9% | -444.5% | −$765K | −$226K |
| Q4 2025 | 10-K | Mar 12, 2026 | $176K | +36% | -592.6% | −$697K | −$1.4M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $37K | -88% | n/m | −$552K | −$746K |
| Q2 2025 | 10-Q | Aug 13, 2025 | $289K | +19% | -294.8% | −$525K | −$280K |
| Q1 2025 | 10-Q | May 13, 2025 | $282K | +63% | -319.5% | −$568K | −$299K |
| Q4 2024 | 10-K | Mar 13, 2025 | $129K | -55% | -732.6% | −$496K | −$1.0M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Liquidmetal Technologies
In this Annual Report on Form 10-K, unless the context indicates otherwise, references to “the Company”, “Liquidmetal Technologies”, “our Company”, “we”, “us”, and similar references refer to Liquidmetal Technologies, Inc. and its subsidiaries. We are a materials technology and manufacturing company focused on the development and commercialization of products made from proprietary amorphous alloys and/or utilizing proprietary amorphous alloy manufacturing technologies. In addition to developing our own manufacturing facility through our subsidiary in China, we work with third-party manufacturing and commercial partners to develop and commercial products made from our proprietary amorphous alloys.
In its own words, from its 10-K, filed Mar 12, 2026.
Liquidmetal Technologies against its Chemicals & Allied Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -32% against the peers' median +8%. Operating margin: -604.6% against the peers' median 8.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LQMT Liquidmetal Technologies | Q2 2026 | $196K | -32% | -604.6% |
| OLN Olin | Q3 2026 | $1.7B | +2% | 3.4% |
| HUN Huntsman | Q3 2026 | $1.7B | +18% | 2.3% |
| Huntsman International LLC | Q2 2026 | $1.7B | +14% | 2.2% |
| CC Chemours | Q3 2026 | $1.5B | +3% | 14.4% |
| SOLS Solstice Advanced Materials | Q3 2026 | $1.0B | +8% | 10.7% |
| IOSP Innospec | Q3 2026 | $474M | +7% | 8.8% |
| PRM Perimeter Group | Q3 2026 | $390M | +24% | 106.8% |
| ECVT Ecovyst | Q3 2026 | $309M | +51% | 9.5% |
Source: Liquidmetal Technologies 10-Q on SEC EDGAR · CIK 1141240 · Chemicals & Allied Products
More on LQMT
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results