LiqTech International, Inc. (LIQT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -1.94M | -2.13M | -1.07M | -1.61M | -1.3M | -2.01M | -1.75M | -1.82M | -1.96M | -1.21M | 783.02K | -1.47M | -2.29M | -556.08K | -450.69K | -6M | -5.03M | -2.8M | -3.5M | 393.63K |
| Operating CF Margin % | -46.94% | -68.19% | -28.09% | -32.49% | -28.09% | -58.89% | -70.57% | -40.65% | -46.2% | -30.8% | 15.44% | -29.49% | -56.97% | -13.83% | -13.63% | -119.51% | -138.43% | -45.71% | -84.43% | 9.8% |
| Operating CF Growth % | -49.67% | -6.25% | 38.85% | 11.65% | 33.71% | -65.72% | -323.33% | -23.9% | 14.38% | -117.64% | 273.74% | 75.47% | 54.61% | 80.11% | 87.11% | -1623.58% | -286.15% | -40.08% | -90.82% | -87.65% |
| Net Income | -2.71M | -2.62M | -1.43M | -2.16M | -2.36M | -3M | -2.84M | -2.11M | -2.39M | -3.21M | -1.41M | -1.56M | -2.39M | -2.16M | -1.75M | -6.51M | -3.75M | -2.67M | -2.9M | -3.1M |
| Depreciation & Amortization | 529.76K | 546.3K | 568.57K | 605.58K | 576.83K | 673.38K | 722.62K | 662.48K | 676.76K | 811.14K | 799.36K | 773.65K | 756.63K | 325.82K | 576.38K | 937.32K | 746.36K | 772.23K | 669.2K | 667.6K |
| Stock-Based Compensation | 0 | 256.74K | 0 | 230.55K | 241.25K | 142.64K | 161.85K | 166.62K | 193.32K | 133.61K | 143.19K | 193.92K | 157.17K | 152.06K | 382.11K | 0 | 178.78K | 126.12K | 127.52K | 125.08K |
| Deferred Taxes | -377 | -379 | -376 | -360 | -339 | -187 | -10.06K | -14.15K | -14.44K | -14.45K | -14.48K | -14.32K | -14.29K | -13.72K | -13.29K | -14.04K | -14.94K | -15.39K | -15.69K | -15.49K |
| Other Non-Cash Items | 290.84K | 88.67K | 318.85K | 86.48K | 229.34K | 160.89K | 161.08K | 140.25K | 609.62K | 575.27K | 86.45K | 86.79K | 84.53K | 87.89K | 87.43K | 1.99M | 297.34K | -667.43K | 292.14K | 250.67K |
| Working Capital Changes | -51.58K | -399.34K | -524.42K | -372.11K | 14.09K | 22.39K | 56.26K | -666.47K | -1.03M | 496.29K | 1.18M | -956.14K | -879.84K | 1.05M | 269.34K | -2.4M | -2.5M | -345.82K | -1.67M | 2.46M |
| Change in Receivables | -317.28K | 304.55K | 297.3K | -547.5K | -82.32K | 472.04K | 1.06M | -187.1K | 375.6K | 681.12K | -1.03M | -189.08K | -531.14K | 826.47K | 15.19K | -422.63K | -823.63K | 212.05K | -119.21K | -24.39K |
| Change in Inventory | -173.05K | -48.15K | -843.47K | 631.3K | 21.53K | 313.32K | -375.88K | -166.48K | -358.76K | -500.75K | -255.53K | -6.4K | -283.16K | 978.4K | 510.04K | 1.65K | -505.96K | -430.97K | 326.22K | -92.98K |
| Change in Payables | 526.12K | -387.04K | 412.01K | -330.23K | 405.04K | -313.68K | -174.71K | -330.64K | -231.37K | 112.93K | 329.03K | -243.12K | 791.7K | -371.1K | -220.03K | 17.34K | 415K | -344.68K | 316.81K | -132.31K |
| Cash from Investing | -269.72K | -44.79K | -118.29K | 62.98K | -110.86K | -395.27K | -361.94K | -218.62K | 551.79K | -624.9K | -1.97M | -203K | -87.47K | -898.11K | -562.68K | -46.17K | -183.03K | -197.4K | -535.51K | -302.36K |
| Capital Expenditures | -269.72K | -166.25K | -126.59K | 61.12K | -163.47K | -390.3K | -365.34K | -222.65K | -389.44K | -632.16K | -1.97M | -203K | -87.47K | -898.1K | -562.66K | -46.83K | -183.03K | -201.09K | -213.93K | -303.49K |
| CapEx % of Revenue | 6.52% | 5.32% | 3.32% | 1.23% | 3.54% | 11.46% | 14.74% | 4.96% | 9.2% | 16.09% | 38.87% | 4.07% | 2.18% | 22.33% | 17.02% | 0.93% | 5.03% | 3.29% | 5.16% | 7.56% |
| Acquisitions | 0 | 793 | 8.3K | 793 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 661 | 0 | 3.7K | 0 | 1.13K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 120.67K | 0 | 1.06K | 52.6K | -4.97K | 3.4K | 4.03K | 941.23K | 7.25K | 0 | 0 | 0 | -7 | -19 | 0 | 0 | -13 | -321.58K | 0 |
| Cash from Financing | -309.27K | -67.74K | -76.44K | -133.23K | 989.72K | 8.62M | 989.43K | -105.72K | -1.01M | -137.68K | 918.42K | -101.15K | -98.94K | 337.14K | -114.42K | 14.41M | -931.81K | -92.81K | -95.02K | 14.19M |
| Debt Issued (Net) | -126.77K | -61.83K | -76.44K | -132.17K | 975.93K | -195.66K | -117.95K | -105.72K | -1.01M | -137.68K | 918.42K | -101.15K | -98.94K | 337.14K | -79.51K | -87.88K | -91.81K | -92.81K | -95.02K | 14.19M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 8.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34.92K | 24.45M | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -182.5K | -5.91K | 0 | -1.06K | 13.79K | 0 | 1.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.96M | -840K | 0 | 0 | 0 |
| Net Change in Cash | -2.34M | -2.28M | -1.32M | -1.77M | -421.3K | 6.33M | -954.51K | -2.24M | -2.7M | -1.41M | -761.73K | -1.72M | -2.29M | -1.01M | -2.09M | 8.47M | -6.26M | -3.2M | -4.42M | 14.46M |
| Free Cash Flow | -2.21M | -2.3M | -1.2M | -1.55M | -1.46M | -2.4M | -2.11M | -2.05M | -2.35M | -1.84M | -1.19M | -1.67M | -2.37M | -1.45M | -1.01M | -6.04M | -5.22M | -3M | -3.71M | 90.14K |
| FCF Margin % | -53.46% | -73.51% | -31.41% | -31.26% | -31.63% | -70.34% | -85.31% | -45.61% | -55.39% | -46.88% | -23.42% | -33.55% | -59.15% | -36.16% | -30.66% | -120.44% | -143.46% | -49% | -89.59% | 2.24% |
| FCF Growth % | -51.38% | 4.12% | 43.43% | 24.25% | 37.74% | -30.04% | -78.01% | -22.17% | 1.12% | -26.7% | -17.2% | 72.3% | 54.53% | 51.48% | 72.7% | -6805.27% | -203.59% | -4.16% | -44.62% | -95.63% |
| FCF per Share | -0.22 | -0.24 | -0.12 | -0.16 | -0.15 | -0.31 | -0.36 | -0.35 | -0.40 | -0.32 | -0.21 | -0.30 | -0.42 | -0.26 | -0.18 | -1.51 | -1.96 | -1.13 | -1.36 | 0.03 |
| FCF Conversion (FCF/Net Income) | 0.72x | 0.82x | 0.75x | 0.75x | 0.55x | 0.67x | 0.62x | 0.86x | 0.82x | 0.38x | -0.55x | 0.95x | 0.96x | 0.26x | 0.26x | 0.92x | 1.34x | 1.05x | 1.20x | -0.13x |
| Interest Paid | 0 | 0 | 0 | 61.16K | 46.59K | 29.55K | 33.61K | 28.16K | 69.61K | 61.22K | 0 | 39.69K | 41.51K | -16.27K | -79.45K | 0 | 203.29K | 152.35K | 403.87K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |