Liquidmetal Tech (LQMT) Financials

LQMT

Trailing 12 months to June 30, 2026

Revenue $665K -34.5% YoY

Net Income -$2.9M -40.7% YoY

Free Cash Flow -$3.1M YoY not available

Operating Cash Flow -$2.6M -62.7% YoY

Market Cap $244.0M as of Sep 4, 2026

Price / Sales 367x 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 9.6x on $25.4M 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 Sep 4, 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 Tech (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 2026-08-30

Persistent operating cash consumption is drawing down a lightly leveraged balance sheet despite intermittent investing inflows.

Cash conversion deteriorated in FY2025: operating cash flow was -$2.8M against a net loss of -$2.3M, indicating the accounting loss is translating into cash outflow rather than being mainly non-cash. Depreciation was only $325K, and FY2024 operating cash flow of -$1.2M shows the prior improvement did not persist.

Total liabilities rose from $1.3M in FY2024 to $2.0M in FY2025, increasing claims ahead of equity. The reported liquidity comparison was 85.8 months at FY2025 year-end, yet renewed operating cash outflow means the balance sheet is financing an ongoing cash-consuming operation.

Gross margin rose from 25.2% in FY2024 to 29.3% in FY2025 while revenue declined, suggesting improved gross-profit economics rather than volume-driven fixed-cost absorption. But operating margin worsened from -385.2% to -477.3%, showing overhead still overwhelms the gross-profit contribution.

Financial Health Signals

Financial health score not available

Liquidmetal Tech 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

58.79

Liquidmetal Tech scores 58.79, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($244.0M) relative to total liabilities ($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 Tech 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 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Liquidmetal Tech 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 Tech 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

YoY-37.7%

QoQ-2.0%

Liquidmetal Tech's EBITDA was -$1.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.7% from the same quarter a year earlier. Against the prior quarter it is down 2.0%.

Net Income

-$840K

YoY-60.3%

QoQ-9.8%

Liquidmetal Tech reported -$840K in net income in Q2 2026. This represents a decrease of 60.3% from the same quarter a year earlier. Against the prior quarter it is down 9.8%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$349K

YoY-24.6%

QoQ+35.5%

Liquidmetal Tech recorded an outflow of $349K in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 24.6% from the same quarter a year earlier. Against the prior quarter it is up 35.5%.

Cash & Debt

$8.3M

YoY+47.1%

QoQ+11.6%

5Y CAGR-5.4%

10Y CAGR+0.3%

Liquidmetal Tech held $8.3M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

917M

YoY0.0%

QoQ0.0%

5Y CAGR+0.1%

10Y CAGR+4.6%

Liquidmetal Tech 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 CAGR+8.8pp

10Y CAGR-16.4pp

Liquidmetal Tech'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-1.4pp

QoQ-0.4pp

5Y CAGR-1.6pp

10Y CAGR+12.0pp

Liquidmetal Tech's ROE was -3.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.4 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 Tech 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

QoQ-50.5%

Liquidmetal Tech invested $156K in capex in Q2 2026, funding long-term assets and infrastructure. 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%	$541K+185.6%	-$632K-68.5%	-$375K-413.7%	-$73K+67.4%	-$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	-$3.7M-12.9%	-$3.3M-7.4%	-$3.1M-1.1%	-$3.1M+24.8%	-$4.1M-15.9%	-$3.5M+55.6%	-$7.9M+11.9%	-$9.0M-4.2%	-$8.6M+13.0%	-$9.9M-6.5%	-$9.3M-3.8%	-$8.9M-47.5%	-$6.1M+48.6%	-$11.8M-82.1%	-$6.5M
EBITDA	N/A	-$3.4M-14.4%	-$3.0M-8.6%	-$2.8M-1.6%	-$2.7M+26.5%	-$3.7M-18.8%	-$3.1M+54.1%	-$6.8M+14.2%	-$7.9M+1.1%	-$8.0M+14.9%	-$9.4M-6.9%	-$8.8M-1.4%	-$8.6M-47.7%	-$5.8M+49.6%	-$11.6M-84.4%	-$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%	$4K	$0-100.0%	$245K-46.6%	$459K+410.0%	$90K
Income Tax	$0	$0	$0	$0	$0	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0
Net Income	-$2.9M	-$2.3M-55.0%	-$1.5M+26.2%	-$2.0M+14.5%	-$2.4M+29.1%	-$3.4M-27.8%	-$2.6M+64.4%	-$7.4M+14.6%	-$8.7M-0.1%	-$8.7M+53.7%	-$18.7M-156.5%	-$7.3M-11.7%	-$6.5M+53.9%	-$14.2M-1.3%	-$14.0M-327.9%	$6.2M
EPS (Basic)	N/A	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00+100.0%	-$0.010.0%	-$0.010.0%	-$0.01+66.7%	-$0.03-50.0%	-$0.02-100.0%	-$0.01+75.0%	-$0.04+42.9%	-$0.07-240.0%	$0.05
EPS (Diluted)	—	N/A	N/A	$0.00	$0.00	$0.00	$0.00+100.0%	-$0.010.0%	-$0.010.0%	-$0.01+66.7%	-$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-Q	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	-$1.2M-39.1%	-$1.1M-26.3%	-$1.0M-10.5%	-$945K-13.4%	-$852K-5.6%	-$901K-23.8%	-$945K-51.2%	-$833K-16.8%
EBITDA	-$1.1M-37.7%	-$1.0M-27.1%	-$962K-11.3%	-$863K-14.9%	-$772K-6.5%	-$820K-26.9%	-$864K-88.6%	-$751K-5.3%
Income Tax	$1K0.0%	$0	-$1K	$0	$1K	$0	$0	$0
Net Income	-$840K-60.3%	-$765K-34.7%	-$697K-40.5%	-$552K-25.2%	-$524K-102.3%	-$568K-80.9%	-$496K-74.6%	-$441K+5.4%
EPS (Basic)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

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%	$4.4M	$0	$0	$0	$0	$0	$0	$0	$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%	$83K	$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%	$7.1M	$0	$0	$0	$0	$0	$0	$0	$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	$500K	$0	$0	$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	$27.1M-7.0%	$29.1M-4.7%	$30.6M-4.5%	$32.0M-6.6%	$34.3M-8.3%	$37.4M-5.5%	$39.6M-14.8%	$46.4M-13.6%	$53.8M-2.0%	$54.8M+1150.6%	$4.4M-48.8%	$8.6M+411.9%	-$2.7M-74.6%	-$1.6M+29.4%	-$2.2M
Retained Earnings	-$280.6M-0.8%	-$278.3M-0.5%	-$276.7M-0.7%	-$274.7M-0.9%	-$272.3M-1.3%	-$268.9M-1.0%	-$266.3M-2.9%	-$258.9M-5.5%	-$245.4M-3.7%	-$236.7M-8.6%	-$217.9M-3.5%	-$210.6M-3.2%	-$204.1M-7.5%	-$189.9M-8.0%	-$175.9M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	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	$47K	$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	$319K	$390K	$500K	$0	$0	$0-100.0%	$0	$0-100.0%
Total Equity	$25.4M-9.9%	$26.4M-8.0%	$27.1M-7.0%	$27.7M-7.1%	$28.2M-6.2%	$28.6M-5.5%	$29.1M-4.7%	$29.8M-2.9%
Retained Earnings	-$282.2M-1.0%	-$281.4M-0.9%	-$280.6M-0.8%	-$279.9M-0.8%	-$279.3M-0.7%	-$278.8M-0.6%	-$278.3M-0.5%	-$277.8M-0.5%

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	-$2.8M-137.9%	-$1.2M+11.9%	-$1.3M+26.1%	-$1.8M+34.9%	-$2.7M-22.4%	-$2.2M+42.4%	-$3.9M+38.1%	-$6.3M+18.4%	-$7.7M+2.0%	-$7.8M-14.4%	-$6.8M+7.9%	-$7.4M-49.1%	-$5.0M+3.8%	-$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	$4K	$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	-$2.8M-138.2%	-$1.2M	N/A	N/A	-$2.7M-16.4%	-$2.3M+47.9%	-$4.5M+31.2%	-$6.5M+66.5%	-$19.5M-143.8%	-$8.0M-6.7%	-$7.5M+11.5%	-$8.5M-64.3%	-$5.2M+1.2%	-$5.2M-175.8%	$6.9M
Investing Cash Flow	$5.2M	$3.9M+333.3%	-$1.7M-121.2%	$7.9M+3154.7%	-$258K-104.9%	$5.3M+133.6%	-$15.8M-33.5%	-$11.8M-3953.1%	-$292K+97.5%	-$11.9M-5297.3%	-$220K+91.8%	-$2.7M-151.9%	-$1.1M-440.6%	-$197K-129.1%	-$86K+51.7%	-$178K
Financing Cash Flow	N/A	N/A	N/A	$0-100.0%	$212K	$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-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$193K+31.1%	-$226K+24.4%	-$1.4M-39.6%	-$746K-9425.0%	-$280K-628.3%	-$299K-52.6%	-$1.0M-804.4%	$8K+101.7%
Depreciation & Amortization	$122K+52.5%	$96K+18.5%	$81K0.0%	$82K0.0%	$80K-2.4%	$81K-1.2%	$81K-51.5%	$82K
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	$156K	$315K	$1K	$3K	$0	$0	$0	N/A
Free Cash Flow	-$349K-24.6%	-$541K-80.9%	-$1.4M-39.7%	-$749K	-$280K	-$299K	-$1.0M	N/A
Investing Cash Flow	$1.1M+5.7%	$466K+157.4%	$101K-95.3%	$3.6M+245.6%	$998K+147.9%	-$812K-207.3%	$2.1M+501.1%	-$2.5M

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%	-574.6%	-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%	-541.1%	-1635.3%	-2706.2%	-3905.0%	-5847.2%	-1085.6%	-1384.6%	-2157.7%	633.2%
Return on Equity	-8.6%-3.5pp	-5.2%+1.5pp	-6.7%+0.8pp	-7.5%+2.4pp	-9.8%-2.8pp	-7.1%+11.7pp	-18.8%-0.1pp	-18.7%-2.6pp	-16.2%+18.0pp	-34.2%+132.5pp	-166.7%-90.3pp	-76.4%	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
Debt-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	0.66+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-Q	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%-1.4pp	-2.9%-0.9pp	-2.6%-0.9pp	-2.0%-0.5pp	-1.9%-1.0pp	-2.0%-0.9pp	-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
Debt-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%	-792.3%	N/A

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 Tech LQMT	FY2025	$784K	-$2.3M	N/A	$244.0M	—
Genflat Holdings Inc GFLT	FY2025	$8K	N/A	N/A	$47.3M	—

Where Liquidmetal Tech Ranks

Frequently Asked Questions

What is Liquidmetal Tech's annual revenue?

Liquidmetal Tech (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 Tech's revenue growing?

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

Is Liquidmetal Tech profitable?

No, Liquidmetal Tech (LQMT) reported a net income of -$2.3M in fiscal year 2025.

What is Liquidmetal Tech's EBITDA?

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

What is Liquidmetal Tech's gross margin?

Liquidmetal Tech (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 Tech's return on equity (ROE)?

Liquidmetal Tech (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 Tech's free cash flow?

Liquidmetal Tech (LQMT) recorded an outflow of $2.8M in free cash flow during fiscal year 2025. This represents a -138.2% change compared to the previous fiscal year. 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 Tech's operating cash flow?

Liquidmetal Tech (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 Tech's total assets?

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

What are Liquidmetal Tech's capital expenditures?

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

How much does Liquidmetal Tech spend on research and development?

Liquidmetal Tech (LQMT) invested $14K in research and development during fiscal year 2025.

How many shares does Liquidmetal Tech have outstanding?

Liquidmetal Tech (LQMT) had 917M shares outstanding as of fiscal year 2025.

What is Liquidmetal Tech's current ratio?

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

What is Liquidmetal Tech's debt-to-equity ratio?

Liquidmetal Tech (LQMT) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Liquidmetal Tech's return on assets (ROA)?

Liquidmetal Tech (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 Tech's P/E ratio?

Liquidmetal Tech (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 $244.0M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Liquidmetal Tech's price-to-sales ratio?

Liquidmetal Tech (LQMT) trades at 367x sales, its market capitalization divided by revenue of $665K revenue, trailing 12 months to June 30, 2026. The market capitalization is $244.0M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Liquidmetal Tech's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Liquidmetal Tech (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 Tech's Altman Z-Score?

Liquidmetal Tech (LQMT) has an Altman Z-Score of 58.79, 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 Tech's Piotroski F-Score?

Liquidmetal Tech (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 Tech's earnings high quality?

Liquidmetal Tech (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.