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Stocks · Industrials · Misc Industrial & Commercial Machinery & Equipment

LIQTECH INTERNATIONAL INC

LIQT Clue Score36
Denmark Fiscal year ends December CIK 0001307579
$0.41 -9.35% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $0.41 −93.47% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Operating income−13.1Net income−16.4EPS, diluted−0.45Fiscal year 2017Revenue11.3Operating income−4.6Net income−4.5EPS, diluted−0.11Fiscal year 2018Revenue12.2 +7.8%Operating income−4.5Net income−3.8EPS, diluted−0.24Fiscal year 2019Revenue32.6 +166.8%Operating income−0.6Net income0.0EPS, diluted0.00Fiscal year 2020Revenue22.5 −31.0%Operating income−8.3Net income−9.8 −24,858.6%EPS, diluted−0.46Fiscal year 2021Revenue18.3 −18.9%Operating income−10.7Net income−11.1Fiscal year 2022Revenue16.0 −12.5%Operating income−12.5Net income−14.2Fiscal year 2023Revenue18.0 +12.6%Operating income−7.8Net income−8.6Fiscal year 2024Revenue14.6 −18.9%Operating income−9.5Net income−10.3Fiscal year 2025Revenue16.5 +13.0%Operating income−8.3Net income−8.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a 11.3 12.2 32.6 22.5 18.3 16.0 18.0 14.6 16.5
Growth +7.8% +166.8% −31.0% −18.9% −12.5% +12.6% −18.9% +13.0%
Operating income −13.1 −4.6 −4.5 −0.6 −8.3 −10.7 −12.5 −7.8 −9.5 −8.3
Net income −16.4 −4.5 −3.8 0.0 −9.8 −11.1 −14.2 −8.6 −10.3 −8.5
Growth −24,858.6%
EPS, diluted −0.45 −0.11 −0.24 0.00 −0.46 n/a n/a n/a n/a n/a

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Fiscal year 2017Gross margin1.8%Operating margin−40.6%Net margin−39.3%Free cash flow margin−30.4%Fiscal year 2018Gross margin8.7%Operating margin−36.7%Net margin−31.2%Free cash flow margin−33.5%Fiscal year 2019Gross margin21.9%Operating margin−1.8%Net margin0.1%Free cash flow margin−21.7%Fiscal year 2020Gross margin9.5%Operating margin−36.6%Net margin−43.5%Free cash flow margin−28.2%Fiscal year 2021Gross margin8.6%Operating margin−58.5%Net margin−60.9%Free cash flow margin−45.6%Fiscal year 2022Gross margin3.5%Operating margin−78.4%Net margin−88.7%Free cash flow margin−85.9%Fiscal year 2023Gross margin15.4%Operating margin−43.3%Net margin−47.6%Free cash flow margin−39.3%Fiscal year 2024Gross margin1.7%Operating margin−65.0%Net margin−70.8%Free cash flow margin−61.0%Fiscal year 2025Gross margin7.6%Operating margin−50.3%Net margin−51.7%Free cash flow margin−39.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 1.8% 8.7% 21.9% 9.5% 8.6% 3.5% 15.4% 1.7% 7.6%
Operating margin n/a −40.6% −36.7% −1.8% −36.6% −58.5% −78.4% −43.3% −65.0% −50.3%
Net margin n/a −39.3% −31.2% 0.1% −43.5% −60.9% −88.7% −47.6% −70.8% −51.7%
Free cash flow margin n/a −30.4% −33.5% −21.7% −28.2% −45.6% −85.9% −39.3% −61.0% −39.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.4Capital expenditure−0.4Free cash flow0.0Fiscal year 2017Operating cash flow−3.3Capital expenditure−0.1Free cash flow−3.5 −8,311.0%Fiscal year 2018Operating cash flow−3.9Capital expenditure−0.2Free cash flow−4.1Fiscal year 2019Operating cash flow−4.5Capital expenditure−2.5Free cash flow−7.1Fiscal year 2020Operating cash flow−2.6Capital expenditure−3.8Free cash flow−6.4Fiscal year 2021Operating cash flow−7.2Capital expenditure−1.1Free cash flow−8.3Fiscal year 2022Operating cash flow−12.0Capital expenditure−1.7Free cash flow−13.7Fiscal year 2023Operating cash flow−4.2Capital expenditure−2.9Free cash flow−7.1Fiscal year 2024Operating cash flow−7.5Capital expenditure−1.4Free cash flow−8.9Fiscal year 2025Operating cash flow−6.1Capital expenditure−0.4Free cash flow−6.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.4 −3.3 −3.9 −4.5 −2.6 −7.2 −12.0 −4.2 −7.5 −6.1
Capital expenditure −0.4 −0.1 −0.2 −2.5 −3.8 −1.1 −1.7 −2.9 −1.4 −0.4
Free cash flow 0.0 −3.5 −4.1 −7.1 −6.4 −8.3 −13.7 −7.1 −8.9 −6.5
Growth −8,311.0%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.2Shareholders’ equity6.3Fiscal year 2017Cash2.5Shareholders’ equity6.9Fiscal year 2018Cash3.8Shareholders’ equity8.5Fiscal year 2019Cash7.1Shareholders’ equity23.0Fiscal year 2020Cash11.7Total debt0.0Net cash (debt)11.7Shareholders’ equity24.8Debt to equity0.00Fiscal year 2021Cash15.4Total debt6.2Net cash (debt)9.2Shareholders’ equity12.8Debt to equity0.48Fiscal year 2022Shareholders’ equity23.3Fiscal year 2023Cash10.4Shareholders’ equity17.3Fiscal year 2024Shareholders’ equity16.7Fiscal year 2025Cash5.1Shareholders’ equity10.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.2 2.5 3.8 7.1 11.7 15.4 n/a 10.4 n/a 5.1
Total debt n/a n/a n/a n/a 0.0 6.2 n/a n/a n/a n/a
Net cash (debt) n/a n/a n/a n/a 11.7 9.2 n/a n/a n/a n/a
Shareholders’ equity 6.3 6.9 8.5 23.0 24.8 12.8 23.3 17.3 16.7 10.4
Debt to equity n/a n/a n/a n/a 0.00 0.48 n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a 1.8% 8.7% 21.9% 9.5% 8.6% 3.5% 15.4% 1.7% 7.6%
n/a −40.6% −36.7% −1.8% −36.6% −58.5% −78.4% −43.3% −65.0% −50.3%
n/a −42.1% −34.2% −0.8% −45.6% −61.2% −90.1% −48.8% −71.1% −52.1%
n/a −39.3% −31.2% 0.1% −43.5% −60.9% −88.7% −47.6% −70.8% −51.7%
n/a −30.4% −33.5% −21.7% −28.2% −45.6% −85.9% −39.3% −61.0% −39.4%
Spending
n/a 4.7% 5.4% 2.3% 5.7% 10.2% 11.5% 7.9% 9.3% 7.0%
n/a 20.6% 26.1% 14.0% 27.5% 31.9% 35.7% 27.0% 38.8% 34.4%
n/a 1.2% 1.5% 7.8% 16.7% 6.2% 10.6% 16.1% 9.4% 2.4%
Returns
−261.9% −64.5% −44.7% 0.2% −39.5% −87.1% −60.8% −49.6% −62.1% −81.7%
−143.9% −38.2% −29.0% 0.1% −23.2% −24.7% −35.3% −23.8% −31.9% −31.3%
Balance and payout
n/a n/a n/a n/a 0.00 0.48 n/a n/a n/a n/a
45.1% 40.8% 35.1% 40.4% 41.2% 71.6% 41.9% 52.0% 48.6% 62.0%