LIQUIDMETAL TECHS INC (LQMT) Financials

LQMT

Trailing 12 months to June 30, 2026

Revenue $665K -34.5% YoY

Net Income -$2.9M n/m YoY

Free Cash Flow -$3.1M YoY not available

Operating Cash Flow -$2.6M n/m YoY

Market Cap $72.0M as of Oct 23, 2026

Price / Sales 108x on $665K revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 2.8x on $25.5M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LQMT SEC filings page.

LIQUIDMETAL TECHS INC (LQMT) reported $665K in revenue over the twelve months to Jun 30, 2026, down 34.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LQMT FY2025 2026-10-04

The numbers describe a lightly indebted business whose modest revenue cannot yet support its fixed operating cost base.

Gross margin improved from 25.2% in FY2024 to 29.3% in FY2025, but operating loss widened; the margin gain did not reach the bottom line because the business remains burdened by its operating cost base.

FY2025 selling, general and administrative expense was $4.0M against revenue of $784K, so overhead was far larger than the sales base rather than merely a small drag on margin. Cash conversion also weakened: operating cash use reached $2.8M versus $1.2M in FY2024. Net loss widened from $1.5M in FY2024 to $2.3M in FY2025, so earnings and cash both deteriorated together.

The balance sheet remained lightly financed by creditors: liabilities were $2.0M against $29.1M of assets in FY2025. A current ratio of 8.8x and reported liquidity comparison of 85.8 months of the latest annual operating outflow describe substantial short-term coverage, though they do not offset recurring operating losses.

Financial Health Signals

Financial health score not available

LIQUIDMETAL TECHS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Safe

7.91

LIQUIDMETAL TECHS INC scores 7.91, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $72.0M against total liabilities of $2.0M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/8

LIQUIDMETAL TECHS INC passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.

Earnings Quality No Cash Backing

N/A

LIQUIDMETAL TECHS INC reported a net loss of $2.3M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$196K

YoY-32.2%

QoQ-23.4%

5Y CAGR-4.2%

10Y CAGR+19.1%

LIQUIDMETAL TECHS INC generated $196K in revenue in Q2 2026. This represents a decrease of 32.2% from the same quarter a year earlier. Against the prior quarter it is down 23.4%.

EBITDA

-$1.1M

YoYn/m

QoQn/m

5Y CAGRn/m

10Y CAGRn/m

LIQUIDMETAL TECHS INC's EBITDA was -$1.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Net Income

-$840K

YoYn/m

QoQn/m

LIQUIDMETAL TECHS INC reported a net loss of $840K in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$349K

YoYn/m

QoQn/m

LIQUIDMETAL TECHS INC recorded an outflow of $349K in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$8.3M

YoY+47.1%

QoQ+11.6%

5Y CAGR-5.4%

10Y CAGR+0.3%

LIQUIDMETAL TECHS INC held $8.3M in cash as of Q2 2026; no long-term debt figure is on record for that period.

Shares Outstanding

917M

YoY0.0%

QoQ0.0%

5Y CAGR+0.1%

10Y CAGR+4.6%

LIQUIDMETAL TECHS INC had 917M shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

45.4%

YoY+18.8pp

QoQ+15.3pp

5Y change+8.8pp

10Y change-16.4pp

LIQUIDMETAL TECHS INC's gross margin was 45.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 18.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.3 percentage points.

Return on Equity

-3.3%

YoY-1.5pp

QoQ-0.4pp

LIQUIDMETAL TECHS INC's quarterly ROE was -3.3% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending

$4K

YoY+33.3%

QoQ+33.3%

LIQUIDMETAL TECHS INC invested $4K in research and development in Q2 2026. This represents an increase of 33.3% from the same quarter a year earlier. Against the prior quarter it is up 33.3%.

Capital Expenditures

$156K

YoYn/m

QoQ-50.5%

LIQUIDMETAL TECHS INC invested $156K in capex in Q2 2026, funding long-term assets and infrastructure. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 50.5%.

Share Buybacks

Not reported for Q2 2026.

LQMT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LQMT quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$665K	$784K-8.8%	$860K+68.6%	$510K+33.2%	$383K-52.8%	$811K-18.0%	$989K-28.0%	$1.4M+158.1%	$532K+65.7%	$321K-33.1%	$480K+284.0%	$125K-79.3%	$603K-41.2%	$1.0M+57.8%	$650K-33.1%	$972K
Cost of Revenue	$424K	$554K-13.8%	$643K+78.1%	$361K+14.2%	$316K-49.7%	$628K+1.1%	$621K-25.4%	$832K-28.5%	$1.2M+67.2%	$696K+25.9%	$553K+58.5%	$349K-27.7%	$483K-37.6%	$774K+118.6%	$354K-5.1%	$373K
Gross Profit	$241K	$230K+6.0%	$217K+45.6%	$149K+122.4%	$67K-63.4%	$183K-50.3%	$368K-32.0%	$541Kn/m	-$632Kn/m	-$375Kn/m	-$73Kn/m	-$224K-286.7%	$120K-52.4%	$252K-14.9%	$296K-50.6%	$599K
R&D Expenses	$14K	$14K-26.3%	$19K-5.0%	$20K-63.6%	$55K-34.5%	$84K-23.6%	$110K-91.8%	$1.3M-44.8%	$2.4M+23.8%	$2.0M-16.2%	$2.3M+14.4%	$2.0M+28.3%	$1.6M+38.1%	$1.2M+22.6%	$943K-15.8%	$1.1M
SG&A Expenses	$4.5M	$4.0M+12.7%	$3.5M+9.2%	$3.2M+4.9%	$3.1M-26.3%	$4.2M+9.5%	$3.8M-30.0%	$5.4M-8.1%	$5.9M-5.8%	$6.3M-16.2%	$7.5M+6.6%	$7.0M-6.1%	$7.5M+44.7%	$5.2M+6.3%	$4.8M+14.3%	$4.2M
Operating Income	-$4.3M	-$3.7Mn/m	-$3.3Mn/m	-$3.1Mn/m	-$3.1Mn/m	-$4.1Mn/m	-$3.5Mn/m	-$7.9Mn/m	-$9.0Mn/m	-$8.6Mn/m	-$9.9Mn/m	-$9.3Mn/m	-$8.9Mn/m	-$6.1Mn/m	-$11.8Mn/m	-$6.5M
EBITDA	N/A	-$3.4Mn/m	-$3.0Mn/m	-$2.8Mn/m	-$2.7Mn/m	-$3.7Mn/m	-$3.1Mn/m	-$6.8Mn/m	-$7.9Mn/m	-$8.0Mn/m	-$9.4Mn/m	-$8.8Mn/m	-$8.6Mn/m	-$5.8Mn/m	-$11.6Mn/m	-$6.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$9K+125.0%	$4Kn/m	$0-100.0%	$245K-46.6%	$459K+410.0%	$90K
Income Tax	$0	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0
Net Income	-$2.9M	-$2.3Mn/m	-$1.5Mn/m	-$2.0Mn/m	-$2.4Mn/m	-$3.4Mn/m	-$2.6Mn/m	-$7.4Mn/m	-$8.7Mn/m	-$8.7Mn/m	-$18.7Mn/m	-$7.3Mn/m	-$6.5Mn/m	-$14.2Mn/m	-$14.0M-327.9%	$6.2M
EPS (Basic)	N/A	$0.00n/m	$0.00n/m	$0.00n/m	$0.00n/m	$0.00n/m	$0.00n/m	-$0.01n/m	-$0.01n/m	-$0.01n/m	-$0.03	-$0.02	-$0.01	-$0.04	-$0.07-240.0%	$0.05
EPS (Diluted)	—	N/A	N/A	$0.00n/m	$0.00n/m	$0.00n/m	$0.00n/m	-$0.01n/m	-$0.01n/m	-$0.01n/m	-$0.03	-$0.02	-$0.01	-$0.04	-$0.07-333.3%	$0.03
Diluted Shares (Avg)	N/A	N/A	N/A	917M0.0%	917M+0.3%	914M0.0%	914M0.0%	914M+0.4%	911M+1.5%	897M+40.2%	640M	471M	441M	341M	188M+15.3%	163M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$196K-32.2%	$256K-9.2%	$176K+36.4%	$37K-88.3%	$289K+19.4%	$282K+63.0%	$129K-54.9%	$316K+148.8%
Cost of Revenue	$107K-49.5%	$179K-12.3%	$121K+45.8%	$17K-92.9%	$212K+13.4%	$204K+52.2%	$83K-57.9%	$239K+168.5%
Gross Profit	$89K+15.6%	$77K-1.3%	$55K+19.6%	$20K-74.0%	$77K+40.0%	$78K+100.0%	$46K-48.3%	$77K+102.6%
R&D Expenses	$4K+33.3%	$3K-25.0%	$3K-25.0%	$4K-33.3%	$3K-40.0%	$4K0.0%	$4K0.0%	$6K+20.0%
SG&A Expenses	$1.3M+37.1%	$1.2M+24.3%	$1.1M+11.0%	$961K+6.3%	$926K+8.1%	$975K+27.8%	$987K+39.0%	$904K+21.2%
Operating Income	-$1.2Mn/m	-$1.1Mn/m	-$1.0Mn/m	-$945Kn/m	-$852Kn/m	-$901Kn/m	-$945Kn/m	-$833Kn/m
EBITDA	-$1.1Mn/m	-$1.0Mn/m	-$962Kn/m	-$863Kn/m	-$772Kn/m	-$820Kn/m	-$864Kn/m	-$751Kn/m
Income Tax	$1K0.0%	$0n/m	-$1Kn/m	$0n/m	$1Kn/m	$0n/m	$0n/m	$0n/m
Net Income	-$840Kn/m	-$765Kn/m	-$697Kn/m	-$552Kn/m	-$524Kn/m	-$568Kn/m	-$496Kn/m	-$441Kn/m
EPS (Basic)	$0.00n/m	$0.00n/m	$0.00n/m	$0.00n/m	$0.00n/m	$0.00n/m	$0.00n/m	$0.00n/m

Not reported in any period shown, so not listed: Interest Expense, EPS (Diluted), Diluted Shares (Avg).

LQMT Balance Sheet

LQMT quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$29.1M-4.2%	$30.4M-4.5%	$31.8M-4.5%	$33.3M-6.4%	$35.6M-8.3%	$38.8M-6.1%	$41.3M-13.6%	$47.9M-13.1%	$55.1M-10.3%	$61.4M+743.8%	$7.3M-40.8%	$12.3M+199.4%	$4.1M-54.3%	$9.0M+350.2%	$2.0M
Current Assets	$13.5M-16.1%	$16.1M-29.3%	$22.8M+18.2%	$19.3M+3.5%	$18.6M+9.5%	$17.0M-30.8%	$24.6M-31.2%	$35.7M-15.3%	$42.2M-29.3%	$59.7M+1026.0%	$5.3M-49.3%	$10.5M+289.2%	$2.7M-66.0%	$7.9M+876.0%	$811K
Cash & Equivalents	$7.2M+19.3%	$6.0M-32.0%	$8.8M+289.5%	$2.3M-44.5%	$4.1M+170.2%	$1.5M-92.3%	$19.5M-44.5%	$35.2M-14.7%	$41.3M-29.9%	$58.9M+2023.9%	$2.8M-72.3%	$10.0M+385.4%	$2.1M-71.2%	$7.2M+5770.5%	$122K
Short-Term Investments	$4.9M-48.0%	$9.5M-28.9%	$13.3M-19.1%	$16.4M+18.6%	$13.9M-5.9%	$14.7M+233.4%	$4.4Mn/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Inventory	$46K-34.3%	$70K+180.0%	$25K0.0%	$25K-28.6%	$35K-18.6%	$43K+258.3%	$12K-61.3%	$31K-92.1%	$391K+0.3%	$390K+369.9%	$83Kn/m	$0	N/A	N/A	$0
Accounts Receivable	$91K+2.2%	$89K-52.2%	$186K+675.0%	$24K-83.7%	$147K-45.8%	$271K-10.6%	$303K+152.5%	$120K-23.6%	$157K+65.3%	$95K+216.7%	$30K-63.9%	$83K-61.4%	$215K+235.9%	$64K-73.4%	$241K
Long-Term Investments	$7.6M+10.6%	$6.9M+526.3%	$1.1M-80.6%	$5.6M-31.7%	$8.3M-35.3%	$12.8M+80.5%	$7.1Mn/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Total Liabilities	$2.0M+61.0%	$1.3M+1.1%	$1.2M-3.9%	$1.3M-1.3%	$1.3M-7.5%	$1.4M-19.5%	$1.8M+25.0%	$1.4M-59.9%	$3.5M-46.3%	$6.5M+126.4%	$2.9M-22.4%	$3.7M-45.7%	$6.8M-35.1%	$10.5M+149.9%	$4.2M
Current Liabilities	$1.5M+21.3%	$1.3M+1.1%	$1.2M-3.9%	$1.3M+213.0%	$414K-20.4%	$520K-42.7%	$907K+63.7%	$554K+19.4%	$464K-87.2%	$3.6M+84.3%	$2.0M+129.5%	$860K-19.7%	$1.1M-84.5%	$6.9M+91.8%	$3.6M
Non-Current Liabilities	$500Kn/m	$0n/m	$0n/m	$0-100.0%	$899K0.0%	$899K+5.0%	$856K0.0%	$856K-71.9%	$3.0M+5.0%	$2.9M+217.3%	$915K-68.0%	$2.9M-50.5%	$5.8M+59.5%	$3.6M+494.7%	$609K
Total Equity	$27.2M-7.0%	$29.2M-4.7%	$30.7M-4.5%	$32.1M-6.6%	$34.4M-8.3%	$37.5M-5.5%	$39.6M-14.8%	$46.5M-13.6%	$53.8M-1.9%	$54.9M+1134.7%	$4.4M-48.4%	$8.6Mn/m	-$2.7Mn/m	-$1.6Mn/m	-$2.2M
Retained Earnings	-$280.6Mn/m	-$278.3Mn/m	-$276.7Mn/m	-$274.7Mn/m	-$272.3Mn/m	-$268.9Mn/m	-$266.3Mn/m	-$258.9Mn/m	-$245.4Mn/m	-$236.7Mn/m	-$217.9Mn/m	-$210.6Mn/m	-$204.1Mn/m	-$189.9Mn/m	-$175.9M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$27.4M-7.5%	$28.6M-4.7%	$29.1M-4.2%	$29.1M-6.4%	$29.6M-5.3%	$30.0M-4.9%	$30.4M-4.5%	$31.1M-2.9%
Current Assets	$15.3M+8.3%	$14.3M+5.4%	$13.5M-16.1%	$14.9M-14.0%	$14.1M-27.6%	$13.5M-39.4%	$16.1M-29.3%	$17.3M-25.6%
Cash & Equivalents	$8.3M+47.1%	$7.4M+51.1%	$7.2M+19.3%	$8.5M+73.6%	$5.6M-23.7%	$4.9M-47.9%	$6.0M-32.0%	$4.9M-49.5%
Short-Term Investments	$6.5M-18.0%	$6.2M-23.7%	$4.9M-48.0%	$5.6M-52.4%	$7.9M-40.2%	$8.1M-39.1%	$9.5M-28.9%	$11.7M-9.5%
Inventory	$47Kn/m	$0-100.0%	$46K-34.3%	$0-100.0%	$0-100.0%	$18K-28.0%	$70K+180.0%	$21K-19.2%
Accounts Receivable	$15K-94.1%	$153K+10.1%	$91K+2.2%	$78K+16.4%	$253K+78.2%	$139K-24.5%	$89K-52.2%	$67K+63.4%
Long-Term Investments	$4.1M-50.8%	$5.6M-38.8%	$7.6M+10.6%	$7.1M+10.8%	$8.3M+230.7%	$9.1M+2217.6%	$6.9M+526.3%	$6.4M+718.5%
Total Liabilities	$2.0M+41.3%	$2.2M+67.9%	$2.0M+61.0%	$1.4M+8.6%	$1.4M+17.1%	$1.3M+11.2%	$1.3M+1.1%	$1.3M-3.1%
Current Liabilities	$1.7M+18.6%	$1.8M+38.3%	$1.5M+21.3%	$1.4M+8.6%	$1.4M+17.1%	$1.3M+367.0%	$1.3M+1.1%	$1.3M+197.9%
Non-Current Liabilities	$319Kn/m	$390Kn/m	$500Kn/m	$0n/m	$0n/m	$0-100.0%	$0n/m	$0-100.0%
Total Equity	$25.5M-9.9%	$26.4M-8.0%	$27.2M-7.0%	$27.8M-7.0%	$28.3M-6.2%	$28.7M-5.5%	$29.2M-4.7%	$29.9M-2.9%
Retained Earnings	-$282.2Mn/m	-$281.4Mn/m	-$280.6Mn/m	-$279.9Mn/m	-$279.3Mn/m	-$278.8Mn/m	-$278.3Mn/m	-$277.8Mn/m

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

LQMT Cash Flow Statement

LQMT quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$2.6M	-$2.8Mn/m	-$1.2Mn/m	-$1.3Mn/m	-$1.8Mn/m	-$2.7Mn/m	-$2.2Mn/m	-$3.9Mn/m	-$6.3Mn/m	-$7.7Mn/m	-$7.8Mn/m	-$6.8Mn/m	-$7.4Mn/m	-$5.0Mn/m	-$5.2M-173.2%	$7.1M
Depreciation & Amortization	N/A	$325K-0.6%	$327K-2.4%	$335K-2.6%	$344K-8.3%	$375K-6.7%	$402K-64.4%	$1.1M+4.7%	$1.1M+70.0%	$634K+20.3%	$527K+1.0%	$522K+73.4%	$301K+40.7%	$214K+15.1%	$186K+2.2%	$182K
Stock-Based Compensation	N/A	$150K+4.2%	$144K+27.4%	$113K-30.7%	$163K-64.4%	$458K+30.5%	$351K-34.4%	$535K-42.1%	$924K-26.4%	$1.3M-25.9%	$1.7M+23.2%	$1.4M+51.6%	$907K+325.8%	$213K+301.9%	$53K-90.4%	$553K
Capital Expenditures	$475K	$4Kn/m	$0	N/A	N/A	$0-100.0%	$116K-81.6%	$630K+115.8%	$292K-97.5%	$11.9M+5897.0%	$198K-70.7%	$675K-36.4%	$1.1M+473.5%	$185K+262.7%	$51K-71.3%	$178K
Free Cash Flow	-$3.1M	-$2.8Mn/m	-$1.2M	N/A	N/A	-$2.7Mn/m	-$2.3Mn/m	-$4.5Mn/m	-$6.5Mn/m	-$19.5Mn/m	-$8.0Mn/m	-$7.5Mn/m	-$8.5Mn/m	-$5.2Mn/m	-$5.2M-175.8%	$6.9M
Investing Cash Flow	$5.2M	$3.9Mn/m	-$1.7M-121.2%	$7.9Mn/m	-$258K-104.9%	$5.3Mn/m	-$15.8Mn/m	-$11.8Mn/m	-$292Kn/m	-$11.9Mn/m	-$220Kn/m	-$2.7Mn/m	-$1.1Mn/m	-$197Kn/m	-$86Kn/m	-$178K
Financing Cash Flow	N/A	N/A	N/A	$0-100.0%	$212Kn/m	$0	N/A	$21K-95.5%	$463K-76.3%	$1.9M-96.9%	$62.2M+2624.9%	$2.3M-86.1%	$16.4M+22104.1%	$74K-99.4%	$12.3M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$222K-36.4%	$349K-29.1%	$492K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$193Kn/m	-$226Kn/m	-$1.4Mn/m	-$746K-9425.0%	-$280K-628.3%	-$299Kn/m	-$1.0Mn/m	$8Kn/m
Depreciation & Amortization	$122K+52.5%	$96K+18.5%	$81K0.0%	$82K0.0%	$80K-2.4%	$81K-1.2%	$81K-51.5%	$82Kn/m
Stock-Based Compensation	$33K0.0%	$38K-29.6%	N/A	$31K-26.2%	$33K-13.2%	$54K+116.0%	N/A	$42K+147.1%
Capital Expenditures	$156Kn/m	$315Kn/m	$1Kn/m	$3K	$0	$0	$0	N/A
Free Cash Flow	-$349Kn/m	-$541Kn/m	-$1.4Mn/m	-$749K	-$280K	-$299K	-$1.0M	N/A
Investing Cash Flow	$1.1M+5.7%	$466Kn/m	$101K-95.3%	$3.6Mn/m	$998Kn/m	-$812K-207.3%	$2.1Mn/m	-$2.5Mn/m

Not reported in any period shown, so not listed: Financing Cash Flow, Dividends Paid, Share Buybacks.

LQMT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LQMT quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	29.3%+4.1pp	25.2%-4.0pp	29.2%+11.7pp	17.5%-5.1pp	22.6%-14.6pp	37.2%-2.2pp	39.4%	-118.8%	-116.8%	-15.2%	-179.2%	19.9%-4.7pp	24.6%-21.0pp	45.5%-16.1pp	61.6%
Operating Margin	-477.3%	-385.2%	-604.9%	-796.9%	-500.7%	-354.4%	-574.7%	-1684.2%	-2679.8%	-2059.8%	-7424.8%	-1482.4%	-590.7%	-1814.9%	-666.4%
Net Margin	-298.6%	-175.6%	-401.4%	-624.8%	-416.4%	-267.1%	-541.2%	-1635.3%	-2706.2%	-3905.0%	-5847.2%	-1085.6%	-1384.6%	-2157.7%	633.2%
Return on Equity	-8.6%-3.4pp	-5.2%+1.5pp	-6.7%+0.8pp	-7.4%+2.4pp	-9.8%-2.8pp	-7.0%+11.7pp	-18.7%0.0pp	-18.7%-2.6pp	-16.1%+18.0pp	-34.1%+130.3pp	-164.4%-88.4pp	-76.0%	N/A	N/A	N/A
Return on Assets	-8.0%-3.1pp	-5.0%+1.5pp	-6.4%+0.8pp	-7.2%+2.3pp	-9.5%-2.7pp	-6.8%+11.2pp	-18.0%+0.2pp	-18.2%-2.4pp	-15.8%+14.8pp	-30.5%+69.9pp	-100.5%-47.2pp	-53.3%+292.9pp	-346.2%-189.9pp	-156.3%-465.1pp	308.8%
Current Ratio	8.85-3.9x	12.79-5.5x	18.29+3.4x	14.88-30.1x	45.01+12.3x	32.73+5.6x	27.12-37.4x	64.53-26.4x	90.92+74.5x	16.41+13.7x	2.69-9.5x	12.17+9.7x	2.51+1.4x	1.14+0.9x	0.22
Liabilities-to-Equity	0.070.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.030.0x	0.07-0.1x	0.12-0.5x	0.65+0.2x	0.43	N/A	N/A	N/A
Asset Turnover	0.030.0x	0.030.0x	0.020.0x	0.010.0x	0.020.0x	0.030.0x	0.030.0x	0.010.0x	0.010.0x	0.010.0x	0.020.0x	0.05-0.2x	0.25+0.2x	0.07-0.4x	0.49
FCF Margin	-351.5%	-134.5%	N/A	N/A	-336.6%	-237.2%	-327.9%	-1229.9%	-6086.3%	-1669.6%	-6007.2%	-1406.3%	-503.1%	-803.7%	709.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	45.4%+18.8pp	30.1%+2.4pp	31.3%-4.4pp	54.0%+29.7pp	26.6%+3.9pp	27.7%+5.1pp	35.7%+4.5pp	24.4%-5.6pp
Operating Margin	-604.6%	-444.5%	-593.2%	-2554.1%	-294.8%	-319.5%	-732.6%	-263.6%
Net Margin	-428.6%	-298.8%	-396.0%	-1491.9%	-181.3%	-201.4%	-384.5%	-139.6%
Return on Equity	-3.3%-1.5pp	-2.9%-0.9pp	-2.6%-0.9pp	-2.0%-0.5pp	-1.8%-1.0pp	-2.0%-1.0pp	-1.7%-0.8pp	-1.5%0.0pp
Return on Assets	-3.1%-1.3pp	-2.7%-0.8pp	-2.4%-0.8pp	-1.9%-0.5pp	-1.8%-0.9pp	-1.9%-0.9pp	-1.6%-0.7pp	-1.4%0.0pp
Current Ratio	9.14-0.9x	7.83-2.4x	8.85-3.9x	10.55-2.8x	10.01-6.2x	10.27-68.9x	12.79-5.5x	13.33-40.0x
Liabilities-to-Equity	0.080.0x	0.080.0x	0.070.0x	0.050.0x	0.050.0x	0.050.0x	0.040.0x	0.040.0x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.000.0x	0.010.0x	0.010.0x	0.000.0x	0.010.0x
FCF Margin	-178.1%	-211.3%	-811.4%	-2024.3%	-96.9%	-106.0%	-792.2%	N/A

Not reported in any period shown, so not listed: Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
LIQUIDMETAL TECHS INC LQMT	FY2025	$784K	-$2.3M	N/A	$72.0M	—
GENFLAT HOLDINGS INC. GFLT	FY2026	$6K	-$3.3M	N/A	$75.4M	—

Where LIQUIDMETAL TECHS INC Ranks

Frequently Asked Questions

What is LIQUIDMETAL TECHS INC's annual revenue?

LIQUIDMETAL TECHS INC (LQMT) reported $784K in total revenue for fiscal year 2025. This represents a -8.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is LIQUIDMETAL TECHS INC's revenue growing?

LIQUIDMETAL TECHS INC (LQMT) revenue declined by 8.8% year-over-year, from $860K to $784K in fiscal year 2025.

Is LIQUIDMETAL TECHS INC profitable?

No, LIQUIDMETAL TECHS INC (LQMT) reported a net loss of $2.9M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $2.3M.

What is LIQUIDMETAL TECHS INC's EBITDA?

LIQUIDMETAL TECHS INC (LQMT) had EBITDA of -$3.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is LIQUIDMETAL TECHS INC's gross margin?

LIQUIDMETAL TECHS INC (LQMT) had a gross margin of 29.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is LIQUIDMETAL TECHS INC's return on equity (ROE)?

LIQUIDMETAL TECHS INC (LQMT) has a return on equity of -8.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is LIQUIDMETAL TECHS INC's free cash flow?

LIQUIDMETAL TECHS INC (LQMT) recorded an outflow of $2.8M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is LIQUIDMETAL TECHS INC's operating cash flow?

LIQUIDMETAL TECHS INC (LQMT) recorded an outflow of $2.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are LIQUIDMETAL TECHS INC's total assets?

LIQUIDMETAL TECHS INC (LQMT) had $29.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are LIQUIDMETAL TECHS INC's capital expenditures?

LIQUIDMETAL TECHS INC (LQMT) invested $4K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does LIQUIDMETAL TECHS INC spend on research and development?

LIQUIDMETAL TECHS INC (LQMT) invested $14K in research and development during fiscal year 2025.

How many shares does LIQUIDMETAL TECHS INC have outstanding?

LIQUIDMETAL TECHS INC (LQMT) had 917M shares outstanding as of fiscal year 2025.

What is LIQUIDMETAL TECHS INC's current ratio?

LIQUIDMETAL TECHS INC (LQMT) had a current ratio of 8.85 as of fiscal year 2025, which is generally considered healthy.

What is LIQUIDMETAL TECHS INC's liabilities-to-equity ratio?

LIQUIDMETAL TECHS INC (LQMT) had a liabilities-to-equity ratio of 0.07 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

What is LIQUIDMETAL TECHS INC's return on assets (ROA)?

LIQUIDMETAL TECHS INC (LQMT) had a return on assets of -8.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is LIQUIDMETAL TECHS INC's P/E ratio?

LIQUIDMETAL TECHS INC (LQMT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $72.0M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is LIQUIDMETAL TECHS INC's price-to-sales ratio?

LIQUIDMETAL TECHS INC (LQMT) trades at 108x sales, its market capitalization divided by $665K revenue, trailing 12 months to June 30, 2026. The market capitalization is $72.0M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does LIQUIDMETAL TECHS INC's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, LIQUIDMETAL TECHS INC (LQMT) held $19.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $2.8M over that year. Dividing the one by the other, the reported balance equals about 86 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is LIQUIDMETAL TECHS INC's Altman Z-Score?

LIQUIDMETAL TECHS INC (LQMT) has an Altman Z-Score of 7.91, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is LIQUIDMETAL TECHS INC's Piotroski F-Score?

LIQUIDMETAL TECHS INC (LQMT) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are LIQUIDMETAL TECHS INC's earnings high quality?

LIQUIDMETAL TECHS INC (LQMT) reported a net loss of $2.3M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.