# LIQTECH INTERNATIONAL, INC. (LIQT) · Edgar & Edgarette company card

> Liqtech International (LIQT) grew revenue 13.0% in FY2025 to $17 million, operating margin -50.3% against a 9.7% median for misc industrial & commercial machinery & equipment, equity 38.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1307579 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/LIQT) · [JSON](https://www.pops4.com/boards/company/LIQT.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $17M |
| Revenue growth, 1 year | 13.0% |
| Revenue growth per year | -2.5% |
| Operating margin | -50.3% (prior year -65.0%) |
| Net margin | -52.1% |
| Operating cash flow | −$6M |
| Capital spending | $395,180 |
| Free cash flow | −$7M |
| Cash | $5M |
| Long-term debt | — |
| Total assets | $27M |
| Total equity | $10M |
| Equity ÷ assets | 38.2% |
| Return on equity | -82.4% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -10.03 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -50.3% in FY2025; revenue is hard to predict: its 80% range is ±44%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $16.5M (FY2025). Experience: revenue up 13.0% on the year, down 2.5% a year over 4 years; operating margin -50.3%, up from -65.0%. Soundness: equity 38.2% of assets, return on equity -82.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $10.8M and $27.7M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $10.1M to $29.6M. A statistical range, not company guidance. Against peers (108 filers, $50M+ revenue, its industry group): operating margin -50.3% against a 9.7% median; growth 13.0% against 5.8%.

Range logged 2026-09-25, receipt bbdc07a58b61b384, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-07-24 ([filing](https://www.sec.gov/Archives/edgar/data/1307579/000143774926024425/0001437749-26-024425-index.htm))
- Item 5.02 Director or officer change: 3, latest 2026-10-06 ([filing](https://www.sec.gov/Archives/edgar/data/1307579/000143774926032175/0001437749-26-032175-index.htm))

## Recent filings

- DEF 14A · filed 2026-10-23 · [filing](https://www.sec.gov/Archives/edgar/data/1307579/000143774926033433/0001437749-26-033433-index.htm)
- 8-K · filed 2026-10-06 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1307579/000143774926032175/0001437749-26-032175-index.htm)
- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1307579/000143774926029823/0001437749-26-029823-index.htm)
- 10-Q · filed 2026-08-12 · [filing](https://www.sec.gov/Archives/edgar/data/1307579/000143774926027154/0001437749-26-027154-index.htm)
- 8-K · filed 2026-07-24 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/1307579/000143774926024425/0001437749-26-024425-index.htm)
- 8-K · filed 2026-06-09 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1307579/000143774926019983/0001437749-26-019983-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001307579.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1307579

## Cite

POPS4, Edgar & Edgarette: LIQTECH INTERNATIONAL, INC. (LIQT) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/LIQT. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.