Filing Flows › Liquidmetal Technologies (LQMT) › Q4 2025
Liquidmetal Technologies (LQMT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Liquidmetal Technologies (LQMT) reported revenue of $176K for the fourth quarter 2025 (Q4 2025), +36% from a year earlier and +376% from the quarter before. Operating margin was -592.6%, net loss $697K (396.0% of revenue).
Liquidmetal Technologies, Q4 2025: revenue $176K (+36% year over year), operating margin -592.6%, net loss $697K, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $176K | +376% | +36% |
| Operating profit | −$1.0M | — | — |
| Net earnings | −$697K | — | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $176K in Q4 2025, up 36% year over year and up 376% from the previous quarter.
Gross margin was 31.2%, down 4.4 points from Q4 2024. Operating costs exceeded revenue by $1.0M, an operating margin of -592.6%. Operating expenses grew 11% against revenue growth of 36%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $697K, wider than the previous quarter's $552K loss. Non-operating items added $346K, -50% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.4M. Non-cash charges added back $81K of depreciation and amortization and $32K of share-based compensation. Working capital and other items used $843K. Capital expenditures of $1K exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Liquidmetal Technologies' revenue in the fourth quarter 2025?
Liquidmetal Technologies (LQMT) reported revenue of $176K for the fourth quarter 2025 (Q4 2025), +36% from a year earlier and +376% from the quarter before.
Was Liquidmetal Technologies profitable in the fourth quarter 2025?
Operating loss was $1.0M (-592.6% of revenue) and net loss $697K.