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LIQT · NASDAQ · Industrial - Pollution & Treatment Controls

LiqTech International (LIQT)

Silicon-carbide filtration systems and components for demanding water and diesel exhaust applications.

$0.5700
Pre-market−0.00 (−0.45%)
At close$0.5726(−0.54%)
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LiqTech International, Inc.LIQTIndustrials

Sells silicon-carbide membranes, diesel particulate filters, and engineered water-treatment systems for demanding industrial, marine, and pool applications, combining project sales with replacement membranes, spares, service, and follow-on systems.

Manufactures silicon-carbide ceramic membranes and diesel particulate filters, while designing, delivering, and commissioning complete water-treatment systems. Water serves commercial pools, marine emissions-control equipment, oily industrial wastewater, oil-and-gas streams, and other demanding liquid-filtration uses; Ceramics supplies modules, housings, and particulate-filter components.

Operates from Denmark with international project sales to system builders, industrial users, vessel counterparties, pool operators, and channel partners. Project revenue is tied to delivery, site readiness, acceptance, and commissioning, alongside replacement membranes, spare parts, service, and follow-on systems.

Depends on manufacturing yield, product qualification, performance validation, customer acceptance, liquidity, and emissions rules that shape marine and diesel demand. Water and Ceramics constitute the continuing reporting structure.

Company facts

CEOFei Chen
ListedAug 31, 2011
ExchangeNASDAQ
HeadquartersBallerup, Denmark
CountryDenmark
Employees92
CIK0001307579
ISINUS53632A3005

Market cap$5.5M
EPS (ttm)−$0.8500
P/E (ttm)−0.6500
ROE-68.7%
P/B0.4437
P/S0.3558
Dividend yieldDiv yield
Beta1.10vs XLI −0.14

Price target$9.00+1,536.4%Avg of 5 analysts
ConsensusBuy4 of 5 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 12, 2026
in 70 days
EPS estimate
−$0.14
Revenue estimate
$6.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.39−$0.25−$0.22−$0.15−$0.27−$0.28−$0.14Pending
Estimate−$0.37−$0.18−$0.21−$0.17−$0.17−$0.21−$0.19−$0.14
Surprise−5.4%−38.9%−4.8%+11.8%−58.8%−33.3%+26.3%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$3.4M$4.6M$5.0M$3.8M$3.1M$4.1M$4.4MPending
Estimate$4.5M$4.5M$4.0M$4.0M$5.2M$4.5M$6.0M$6.0M
Surprise−24.3%+2.6%+23.9%−4.8%−40.4%−8.1%−27.3%
Estimate−$0.14
ReportedDue Nov 12, 2026
Estimate$6.0M
ReportedDue Nov 12, 2026
View details

Debt to equity22.30%
Current ratio437.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$2.5M$3.4M$4.6M$5.0M$3.8M$3.1M$4.1M$4.4M
Net income−$2.8M−$3.0M−$2.4M−$2.2M−$1.4M−$2.6M−$2.7M−$3.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.6M−$2.8M−$2.2M−$2.1M−$1.3M−$2.7M−$2.3M−$2.3M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $0 · Total debt $5.8M · Total assets $37.9M · Shareholders' equity $25.9M

Revenue
$4.4M
Operating income
−$2.3M
Net income
−$3.0M
View details

No dividends on record.

Institutions15 holders · as of Mar 31, 202638.82%3.86M shares
Insiders9 holders · as of Aug 19, 202631.34%3.11M shares
Otherremainder29.84%2.97M shares

9.94M company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (32.95M in the company's Sep 3, 2026 report, 9.94M elsewhere); stakes use the report.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Bleichroeder LPInstitution
32.02%3.18M13Fas of Mar 31, 2026
Marathon Micro Fund, LPInstitution
30.19%3.00M13Gfiled Jun 17, 2026
Alyeska Investment Group, L.P.Institution
20.13%2.00M13Gfiled Aug 14, 2026
Laurence W. Lytton1,2Insider10 percent owner
10.06%999,44013Gfiled Nov 14, 2025
Andrews BenInsider
8.58%852,60013Gfiled Feb 11, 2025
See all 25
  1. Laurence W. Lytton's transaction reports restate only vehicles that traded; the 2025 ownership statement (999.4K) is used instead.
  2. Laurence W. Lytton reports a block also reported by Marathon Micro Fund, LP; it is counted once, under Marathon Micro Fund, LP.

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 5, 2026Robert Wowkdirector+50,000$1.00
Jun 5, 2026Bleichroeder LP10 percent owner+700,000$1.00
View details

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ComparePre-market

CompanyPriceChange
LiqTech International$0.5700−0.45%$5.5M0.4−12.0%
Pentair$59.850.00%$9.55B15.012.32.4−17.0%
Xylem$107.50+0.71%$24.92B25.418.12.7+1.5%
Median20.215.22.6−7.7%