LiqTech International, Inc. (LIQT) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 4.14M | 3.13M | 3.81M | 4.96M | 4.62M | 3.41M | 2.48M | 4.49M | 4.24M | 3.93M | 5.07M | 4.99M | 4.01M | 4.02M | 3.31M | 5.02M | 3.64M | 6.12M | 4.14M | 4.02M |
| Revenue Growth % | -10.42% | -8.24% | 53.63% | 10.53% | 9.02% | -13.33% | -51.12% | -10.12% | 5.58% | -2.27% | 53.39% | -0.56% | 10.29% | -34.25% | -20.21% | 24.94% | -9.02% | 50.68% | 16.91% | -13.46% |
| Cost of Goods Sold | 3.74M | 3.23M | 3.06M | 4.47M | 4.49M | 3.93M | 2.69M | 3.77M | 3.96M | 3.66M | 4.12M | 3.83M | 3.62M | 3.96M | 3.2M | 4.87M | 3.39M | 5.17M | 3.95M | 3.7M |
| COGS % of Revenue | 90.48% | 103.42% | 80.36% | 90.23% | 97.29% | 115.5% | 108.45% | 84.01% | 93.6% | 93.05% | 81.29% | 76.7% | 90.24% | 98.35% | 96.75% | 97.05% | 93.25% | 84.56% | 95.26% | 92.02% |
| Gross Profit | 393.74K | -106.99K | 747.88K | 484.58K | 125.06K | -527.88K | -209.53K | 717.21K | 271.1K | 273.04K | 948.57K | 1.16M | 391.34K | 66.18K | 107.28K | 148.14K | 245.54K | 944.6K | 196.22K | 320.71K |
| Gross Margin % | 9.52% | -3.42% | 19.64% | 9.77% | 2.71% | -15.5% | -8.46% | 15.99% | 6.4% | 6.95% | 18.71% | 23.3% | 9.76% | 1.65% | 3.25% | 2.95% | 6.75% | 15.44% | 4.74% | 7.98% |
| Gross Profit Growth % | 214.85% | 79.73% | 456.93% | -32.44% | -53.87% | -293.33% | -122.09% | -38.31% | -30.73% | 312.55% | 784.2% | 684.75% | 59.38% | -92.99% | -45.33% | -53.81% | 114.23% | 239.32% | 163.61% | -35.14% |
| Operating Expenses | 2.67M | 2.57M | 2.08M | 2.59M | 2.31M | 2.24M | 2.38M | 2.8M | 2.32M | 2.58M | 2.65M | 2.77M | 2.58M | 2.39M | 2.39M | 4.74M | 3.58M | 3.65M | 2.81M | 2.88M |
| OpEx % of Revenue | 64.57% | 82.35% | 54.66% | 52.33% | 50.03% | 65.69% | 96.05% | 62.51% | 54.71% | 65.6% | 52.21% | 55.42% | 64.41% | 59.5% | 72.22% | 94.49% | 98.4% | 59.69% | 67.74% | 71.81% |
| Selling, General & Admin | 2.39M | 2.15M | 1.81M | 2.35M | 2.08M | 1.83M | 2.1M | 2.4M | 2.06M | 2.29M | 2.22M | 2.41M | 2.24M | 1.83M | 2.11M | 2.46M | 2.98M | 3.16M | 2.31M | 2.45M |
| SG&A % of Revenue | 57.9% | 68.86% | 47.58% | 47.44% | 45.05% | 53.61% | 84.82% | 53.43% | 48.69% | 58.27% | 43.76% | 48.21% | 55.87% | 45.45% | 63.7% | 49.06% | 81.83% | 51.64% | 55.72% | 60.99% |
| Research & Development | 276.13K | 421.55K | 269.43K | 242.56K | 230.12K | 411.6K | 278.36K | 407.29K | 254.81K | 287.84K | 428.6K | 359.78K | 342.62K | 458.79K | 283.52K | 490.84K | 602.74K | 492.59K | 497.82K | 434.63K |
| R&D % of Revenue | 6.68% | 13.49% | 7.08% | 4.89% | 4.98% | 12.08% | 11.23% | 9.08% | 6.02% | 7.32% | 8.45% | 7.21% | 8.54% | 11.41% | 8.58% | 9.78% | 16.57% | 8.05% | 12.02% | 10.82% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 106.3K | -1.96K | 1000K | 0 | 0 | 0 | 0 |
| Operating Income | -2.28M | -2.68M | -1.33M | -2.11M | -2.19M | -2.77M | -2.59M | -2.09M | -2.05M | -2.31M | -1.7M | -1.6M | -2.19M | -2.33M | -2.28M | -4.59M | -3.33M | -2.71M | -2.61M | -2.56M |
| Operating Margin % | -55.05% | -85.77% | -35.01% | -42.56% | -47.33% | -81.19% | -104.51% | -46.52% | -48.31% | -58.65% | -33.51% | -32.12% | -54.66% | -57.85% | -68.98% | -91.54% | -91.65% | -44.25% | -63% | -63.83% |
| Operating Income Growth % | -4.2% | 3.07% | 48.53% | -1.12% | -6.81% | -19.97% | -52.45% | -30.17% | 6.69% | 0.92% | 25.49% | 65.1% | 34.23% | 14.03% | 12.65% | -79.18% | -18.76% | 24.53% | 7.86% | -32.3% |
| EBITDA | -2.28M | -2.13M | -764.43K | -1.5M | -1.61M | -2.09M | -1.87M | -1.42M | -1.37M | -1.49M | -899.5K | -829.31K | -1.44M | -2M | -1.7M | -3.66M | -2.59M | -1.93M | -1.94M | -1.9M |
| EBITDA Margin % | -55.05% | -68.29% | -20.08% | -30.34% | -34.83% | -61.42% | -75.35% | -31.75% | -32.33% | -38.01% | -17.74% | -16.62% | -35.8% | -49.75% | -51.54% | -72.86% | -71.13% | -31.62% | -46.85% | -47.21% |
| EBITDA Growth % | -41.57% | -2.02% | 59.06% | -5.64% | -17.47% | -40.04% | -107.6% | -71.71% | 4.65% | 25.33% | 47.2% | 77.32% | 44.5% | -3.44% | 12.23% | -92.84% | -18.91% | 30.37% | 2.81% | -47.16% |
| D&A (Non-Cash Add-back) | 0 | 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 |
| EBIT | -2.28M | -1.88M | -1.4M | -2.01M | -2.14M | -2.81M | -2.66M | -1.95M | -2.18M | -3.17M | -1.31M | -1.44M | -2.31M | -2.22M | -1.65M | -4.44M | -3.26M | -2.17M | -2.39M | -2.65M |
| Net Interest Income | 209.06K | -609.59K | -63.39K | -83.18K | -148K | -154K | -167K | -134K | -149K | -107.92K | -17.29K | -16.14K | -44.86K | -71.02K | -111K | -1.74M | -504K | -137K | -527K | -467K |
| Interest Income | 0 | 133.36K | 0 | 64.61K | 68.75K | 39.92K | 24.08K | 45.74K | 69.09K | 94.26K | 103.89K | 116.55K | 51.67K | 39.47K | 1.87K | 342.62K | 99 | 371.47K | 0 | 0 |
| Interest Expense | -209.06K | 742.95K | 63.39K | 147.78K | 216.31K | 193.96K | 191.51K | 179.88K | 217.76K | 202.18K | 121.18K | 132.69K | 96.53K | 110.48K | 112.61K | 2.08M | 503.8K | 508.24K | 527.45K | 467.4K |
| Other Income/Expense | -448.27K | 57.07K | -127.14K | -51.28K | -173.35K | -239.59K | -260.61K | -39.33K | -356.71K | -1.07M | 270.14K | 33.35K | -211.13K | -31.6K | 514.06K | -1.93M | -427.71K | 25.45K | -309.43K | -549.96K |
| Pretax Income | -2.73M | -2.62M | -1.46M | -2.16M | -2.36M | -3M | -2.85M | -2.13M | -2.4M | -3.38M | -1.43M | -1.57M | -2.4M | -2.36M | -1.77M | -6.52M | -3.76M | -2.68M | -2.92M | -3.11M |
| Pretax Margin % | -65.89% | -83.94% | -38.35% | -43.59% | -51.08% | -88.22% | -115.03% | -47.4% | -56.73% | -85.88% | -28.18% | -31.46% | -59.92% | -58.64% | -53.42% | -129.95% | -103.41% | -43.83% | -70.47% | -77.52% |
| Income Tax | -15.36K | -46.79K | -28.22K | -360 | -339 | -187 | -10.06K | -14.15K | -14.44K | -163K | -14.48K | -14.32K | -14.29K | -195.14K | -13.29K | -14.04K | -14.99K | -15.39K | -15.69K | -15.49K |
| Effective Tax Rate % | 0.56% | 1.78% | 1.93% | 0.02% | 0.01% | 0.01% | 0.35% | 0.67% | 0.6% | 4.83% | 1.01% | 0.91% | 0.59% | 8.28% | 0.75% | 0.22% | 0.4% | 0.57% | 0.54% | 0.5% |
| Net Income | -2.71M | -2.59M | -1.43M | -2.15M | -2.35M | -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 |
| Net Margin % | -65.52% | -82.95% | -37.61% | -43.41% | -50.92% | -88.22% | -114.62% | -47.08% | -56.39% | -81.73% | -27.89% | -31.17% | -59.57% | -53.79% | -53.02% | -129.67% | -103% | -43.58% | -70.09% | -77.13% |
| Net Income Growth % | -15.26% | 13.72% | 49.59% | -1.9% | 1.55% | 6.45% | -100.85% | -35.78% | 0.05% | -48.5% | 19.31% | 76.1% | 36.22% | 18.85% | 39.65% | -110.03% | -52.33% | 27.47% | 25.03% | -20.84% |
| Net Income (Continuing) | -2.71M | -2.58M | -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 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -76.08K | -61.09K | -30.76K | -2.97K | 6.84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.28 | -0.28 | -0.15 | -0.22 | -0.24 | -0.39 | -0.49 | -0.36 | -0.41 | -0.56 | -0.25 | -0.27 | -0.42 | -0.39 | -0.32 | -1.62 | -1.40 | -1.00 | -1.04 | -1.14 |
| EPS Growth % | -16.67% | 28.21% | 69.39% | 38.89% | 41.46% | 30.36% | -96% | -33.33% | 2.38% | -43.59% | 21.88% | 83.33% | 70% | 61% | 69.23% | -42.11% | -53.85% | 26.47% | 27.27% | -16.33% |
| EPS (Basic) | -0.28 | -0.28 | -0.15 | -0.22 | -0.24 | -0.39 | -0.49 | -0.36 | -0.41 | -0.56 | -0.25 | -0.27 | -0.42 | -0.39 | -0.32 | -1.62 | -1.44 | -1.01 | -1.04 | -1.14 |
| Diluted Shares Outstanding | 9.85M | 9.61M | 9.62M | 9.61M | 9.6M | 7.79M | 5.82M | 5.81M | 5.8M | 5.73M | 5.71M | 5.66M | 5.65M | 5.5M | 5.49M | 4.01M | 2.67M | 2.66M | 2.72M | 2.72M |
| Basic Shares Outstanding | 9.85M | 9.61M | 9.62M | 9.61M | 9.6M | 7.79M | 5.82M | 5.81M | 5.8M | 5.73M | 5.71M | 5.66M | 5.65M | 5.5M | 5.49M | 4.01M | 2.6M | 2.65M | 2.72M | 2.72M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |