Filing Flows › Liquidmetal Technologies (LQMT) › Q1 2026
Liquidmetal Technologies (LQMT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Liquidmetal Technologies (LQMT) reported revenue of $256K for the first quarter 2026 (Q1 2026), -9% from a year earlier and +45% from the quarter before. Operating margin was -444.5%, net loss $765K (298.8% of revenue).
Liquidmetal Technologies, Q1 2026: revenue $256K (-9% year over year), operating margin -444.5%, net loss $765K, operating cash flow −$226K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $256K | +45% | -9% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$765K | — | — |
| Operating cash flow | −$226K | — | — |
What changed
Revenue was $256K in Q1 2026, down 9% year over year and up 45% from the previous quarter.
Gross margin was 30.1%, up 2.4 points from Q1 2025. Operating costs exceeded revenue by $1.1M, an operating margin of -444.5%. Operating expenses grew 24% against a revenue fall of 9%. The fastest-growing cost line was SG&A (+24%). The quarter ended with a net loss of $765K, wider than the previous quarter's $697K loss. Non-operating items added $373K, -49% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$226K. Non-cash charges added back $96K of depreciation and amortization and $38K of share-based compensation. Working capital and other items added $405K. Capital expenditures of $315K exceeded it, leaving free cash flow of −$541K.
Questions
What was Liquidmetal Technologies' revenue in the first quarter 2026?
Liquidmetal Technologies (LQMT) reported revenue of $256K for the first quarter 2026 (Q1 2026), -9% from a year earlier and +45% from the quarter before.
Was Liquidmetal Technologies profitable in the first quarter 2026?
Operating loss was $1.1M (-444.5% of revenue) and net loss $765K.