Filing Flows › Liquidmetal Technologies (LQMT) › Q3 2025
Liquidmetal Technologies (LQMT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Liquidmetal Technologies (LQMT) reported revenue of $37K for the third quarter 2025 (Q3 2025), -88% from a year earlier and -87% from the quarter before.
Liquidmetal Technologies, Q3 2025: revenue $37K (-88% year over year), net loss $552K, operating cash flow −$746K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37K | -87% | -88% |
| Operating profit | −$945K | — | — |
| Net earnings | −$552K | — | — |
| Operating cash flow | −$746K | — | — |
What changed
Revenue was $37K in Q3 2025, down 88% year over year and down 87% from the previous quarter. Product was the largest line at 76% of revenue. Product lost $288K year over year (down 91%), 103% of the total change.
Gross margin was 54.1%, up 29.7 points from a year earlier. Operating costs exceeded revenue by $945K, an operating margin of -2554.1%. Operating expenses grew 6% against a revenue fall of 88%. The quarter ended with a net loss of $552K, wider than the previous quarter's $525K loss. Non-operating items added $393K, -71% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$746K. Non-cash charges added back $82K of depreciation and amortization and $31K of share-based compensation. Working capital and other items used $307K. Capital expenditures of $3K exceeded it, leaving free cash flow of −$749K.
Questions
What was Liquidmetal Technologies' revenue in the third quarter 2025?
Liquidmetal Technologies (LQMT) reported revenue of $37K for the third quarter 2025 (Q3 2025), -88% from a year earlier and -87% from the quarter before.