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MARKETS / NASDAQ / LIQT
NASDAQ · MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT · SMALL CAP

Liqtech International Inc. LIQT

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$16.5M
▲ 13.0% YoY
$-8.5M
$-6.5M
In brief

What this company does

At present, we conduct our operations in the Kingdom of Denmark, US and China, with locations in the Copenhagen area, Hobro, Fort Worth and Nantong At December 31, 2025 we had 92 employees, including 62 in production; 12 in administration; 6 in research and development; 10 in sales, marketing and strategy; and 2 in executive management. We filed our Articles of Incorporation on July 1, 2004, and are incorporated under the laws of the State of Nevada. Our principal executive office is located at Industriparken 22C, 2750 Ballerup, Denmark, and our telephone number is +45 3131 5941.

Written from the business description in LiqTech International, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 16.5M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 16.5 · Net income -8.5
20M-8M-16M201020122014201620182020202220242025
Compound annual growth
+1.1%
−6.0%
+0.4%
+0.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −6.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−52 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -50.3% · Net -52.1%
-50%-100%201020122014201620182020202220242025
ROE
FY2025 · ROE -63.0%
-20%-40%-60%201020122014201620182020202220242025

Each USD of equity lost 63 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -6.5
-5M-10M201020122014201620182020202220242025
Net buybacks $ Dividends $
FY2011 · Dividends — · Net buybacks -29088.0
-10000-200002011

Total assetsUSD 27.3M
EquityUSD 10.4M
CashUSD 5.1M
Current ratio3.38×

Equity funds 38% of total assets.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.0
Income tax $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.00.0
EPS, diluted $····−0.52−0.460.00−0.24−0.11−0.45−0.06−0.09−0.19−0.120.060.00
Dividend / sh $················
Payout %················
ROE %−63.0−61.0−42.2−78.5−59.2−41.00.3−49.4−64.5·······
Shares out B0.010.010.010.010.020.020.020.020.040.040.040.040.030.020.020.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 78 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMisc Industrial & Commercial Machinery & Equipment
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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