Sign in

LQMT on OTC

LIQUIDMETAL TECHNOLOGIES INC

In its 2026 annual report the company says: “We are a materials technology and manufacturing company focused on the development and commercialization of products made from proprietary amorphous alloys and/or utilizing proprietary amorphous alloy manufacturing technologies. In addition to developing our own manufacturing facility through our subsidiary in China, we work with third-party manufacturing and commercial partners to develop and commercial products made from our proprietary amorphous alloys.”3 It is headquartered in Lake Forest, California.1 Its shares trade on OTC under the symbol LQMT.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with Loop Industries, Inc., CitroTech Inc. or BIOLARGO, INC., or pick any stock.

  • TickerLQMT on OTC1
  • IndustryChemicals & Allied Products1
  • HeadquartersLake Forest, California1
  • Incorporated inDE2
  • Business address20321 Valencia Circle, Lake Forest, Ca 926302
  • Filer categoryAccelerated filer, Smaller reporting company2

See how the biggest companies compare on our leaderboards

We are a materials technology and manufacturing company focused on the development and commercialization of products made from proprietary amorphous alloys and/or utilizing proprietary amorphous alloy manufacturing technologies. In addition to developing our own manufacturing facility through our subsidiary in China, we work with third-party manufacturing and commercial partners to develop and commercial products made from our proprietary amorphous alloys.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

29.3%Gross margin4
-477.3%Operating margin4
-298.6%Net margin4
-8.8%Revenue growth, 20254
-8.6%Return on equity4
-$2.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 99% of the revenue LIQUIDMETAL TECHNOLOGIES INC broke down this way in fiscal 2025.

  1. Product$775.0K499%down 8% from 2024
  2. License$9.0K41%down 50% from 2024
Products and services by year
Products and services20242025
Product$842.0K$775.0K
License$18.0K$9.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue12¢$554.0K
  • Research and development0¢$14.0K
  • Selling, general and admin87¢$4.0M

Out of $784.0K in revenue.4 The company lost money this year.

Financial statements

Revenue56784$784.0K in 2025−43% since 2019
0$500.0K$1.0M$1.5M2019: $1.4M$1.4M20192020: $989.0K$989.0K2020−28%2021: $811.0K$811.0K2021−18%2022: $383.0K$383.0K2022−53%2023: $510.0K$510.0K2023+33%2024: $860.0K$860.0K2024+69%2025: $784.0K$784.0K2025−9%
Gross profit567984$230.0K in 2025−57% since 2019
0$200.0K$400.0K$600.0K2019: $541.0K$541.0K20192020: $368.0K$368.0K2020−32%2021: $183.0K$183.0K2021−50%2022: $67.0K$67.0K2022−63%2023: $149.0K$149.0K2023+122%2024: $217.0K$217.0K2024+46%2025: $230.0K$230.0K2025+6%
Operating income567984-$3.7M in 2025−53% since 2019
-$8.0M-$6.0M-$4.0M-$2.0M02019: -$7.9M-$7.9M20192020: -$3.5M-$3.5M2020−56%2021: -$4.1M-$4.1M2021+16%2022: -$3.1M-$3.1M2022−25%2023: -$3.1M-$3.1M2023+1%2024: -$3.3M-$3.3M2024+7%2025: -$3.7M-$3.7M2025+13%
Net income567984-$2.3M in 2025−68% since 2019
-$8.0M-$6.0M-$4.0M-$2.0M02019: -$7.4M-$7.4M20192020: -$2.6M-$2.6M2020−64%2021: -$3.4M-$3.4M2021+28%2022: -$2.4M-$2.4M2022−29%2023: -$2.0M-$2.0M2023−14%2024: -$1.5M-$1.5M2024−26%2025: -$2.3M-$2.3M2025+55%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenues$784.0K$860.0K
Cost of sales$554.0K$643.0K
Gross profit$230.0K$217.0K
Selling, marketing, general and administrative$4.0M$3.5M
Research and development$14.0K$19.0K
Operating Expenses$4.0M$3.5M
Operating loss-$3.7M-$3.3M
Lease income$641.0K$355.0K
Other income$8.0K$311.0K
Investment income$102.0K$266.0K
Interest income$649.0K$870.0K
Nonoperating Income (Expense)$1.4M$1.8M
Loss from operations-$2.3M-$1.5M
Income taxes$0$0
Net loss-$2.3M-$1.5M
Net loss attributable to non-controlling interest$1.0K$1.0K
Net loss attributable to Liquidmetal Technologies shareholders-$2.3M-$1.5M
Net loss per common share attributable to Liquidmetal Technologies shareholders, basic and diluted (in dollars per share)$0.00$0.00
Number of weighted average shares - basic and diluted (in shares)917.3M shares917.3M shares

Compare LIQUIDMETAL TECHNOLOGIES INC with another company

Corporate structure

LIQUIDMETAL TECHNOLOGIES INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of LIQUIDMETAL TECHNOLOGIES INC

  • LIQUIDMETAL TECHNOLOGIES INC Lake Forest, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What LIQUIDMETAL TECHNOLOGIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$11.2M4 Dec 31, 2025$11.2M4 Dec 31, 20240%
Accumulated depreciation$4.2M4 Dec 31, 2025$3.9M4 Dec 31, 2024+8.0%
Property and equipment, net$7.0M4 Dec 31, 2025$7.4M4 Dec 31, 2024−4.2%
Operating-lease assets (leased space)$809.0K4 Dec 31, 2025$04 Dec 31, 2024

Real estate and locations

ItemLatestA year beforeChange
Area of real estate6,6004 Jul 4, 2025

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.2M4 Dec 31, 2025$6.0M4 Dec 31, 2024+19.3%
Marketable securities, current$4.9M4 Dec 31, 2025$9.5M4 Dec 31, 2024−48.0%
Marketable securities, non-current$7.6M4 Dec 31, 2025$6.9M4 Dec 31, 2024+10.6%
Debt securities available for sale$12.5M4 Dec 31, 2025$16.3M4 Dec 31, 2024−23.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$21.0K4 Dec 31, 2025$35.0K4 Dec 31, 2024−40.0%
Finite-lived intangibles, gross$2.4M4 Dec 31, 2025$2.4M4 Dec 31, 20240%
Accumulated amortization$2.4M4 Dec 31, 2025$2.4M4 Dec 31, 2024+0.5%
Finite-lived intangibles, net$21.0K4 Dec 31, 2025$35.0K4 Dec 31, 2024−40.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$46.0K4 Dec 31, 2025$70.0K4 Dec 31, 2024−34.3%
Work in process$04 Dec 31, 2025$04 Dec 31, 2024
Finished goods$46.0K4 Dec 31, 2025$70.0K4 Dec 31, 2024−34.3%

Properties, in its own words

Our corporate office, consisting of approximately 41,000 square feet of warehouse and office space, is located in Lake Forest, California. We purchased the facility in February of 2017.

On January 23, 2020, we entered into a lease agreement pursuant to which we leased approximately 32,534 square foot portion of the facility to a commercial tenant. The lease term is for 5 years and 2 months commencing on March 1, 2020. The base rent payable under the Lease Agreement is $32,534 per month initially and is subject to periodic increases up to a maximum of approximately $54,000 per month. The tenant will pay approximately 79% of common operating expresses.

The rest of Item 2

On March 26, 2025, we entered into a new lease agreement (the “Facility Lease”) for a 5 year term commencing on May 1, 2025 and expanded the leased square footage to 40,090 square feet. The base rent payable under the Facility Lease is $51,716 per month initially and is subject to periodic increases up to a maximum of approximately $58,000 per month. Tenant will pay approximately 98% of building operating expenses. The Facility Lease grants us or Tenant the right to terminate the Facility Lease after two and a half years into the lease term and has other customary provisions, including provisions relating to default and usage restrictions.

Item 2 of the 10-K filed Mar 12, 2026.3

Leadership

Who has led LIQUIDMETAL TECHNOLOGIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ricardo A. Salas2006
  2. John H. Kang2006
  3. Larry E. Buffington2006–2009
  4. Thomas W. Steipp2010–2016
  5. Tony Chung2023–2025

Chair

  1. Abdi Mahamedi2013

President

  1. John H. Kang2006
  2. Larry E. Buffington2006–2009
  3. Thomas W. Steipp2010–2016
  4. Isaac Bresnick2024–2025

Chief financial officer

  1. Young Jin Ham2007
  2. Gerald E. Morrow2008
  3. Tony Chung2008–2016

Chief operating officer

  1. Bruce Bromage2018
2010201520202025
Board members and other officers (25)

Former names

  • LIQUIDMETAL TECHNOLOGIESNov 20, 2001 to Nov 19, 20032

Timeline

  1. Jun 29, 20268-K Change of auditor44
  2. Jul 10, 20258-K Entered a material agreement; Regulation FD disclosure45
  3. May 29, 20258-K Other events46
  4. Nov 1, 20248-K Change of auditor47
  5. May 9, 20248-K Change of auditor48
  6. May 7, 20248-K Change of auditor49
  7. Mar 19, 20248-K Entered a material agreement50
  8. Aug 21, 2023New chief executive Tony Chung becomes CEO12
  9. Jun 28, 20238-K Shareholder vote51
  10. Jan 19, 20228-K Entered a material agreement; Regulation FD disclosure52
  11. Dec 21, 20218-K Change of auditor53
  12. Aug 11, 2010New chief executive Thomas W. Steipp becomes CEO13
  13. Oct 18, 2006New chief executive Larry E. Buffington becomes CEO16
  14. Feb 14, 2006New chief executive John H. Kang becomes CEO15
  15. Jan 9, 2006New chief executive Ricardo A. Salas becomes CEO14

Filings

51 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 10 major events, 12 insider forms, 2 large holders, 6 other. The latest 20:

  1. Aug 6, 202610-Q EDGAR
  2. Jun 29, 20268-K EDGAR
  3. May 8, 202610-Q EDGAR
  4. Mar 12, 202610-K EDGAR
  5. Nov 13, 202510-Q EDGAR
  6. Aug 13, 202510-Q EDGAR
  7. Jul 10, 20258-K EDGAR
  8. May 29, 20258-K EDGAR
  9. May 13, 202510-Q EDGAR
  10. Mar 14, 20254 EDGAR
  11. Mar 14, 20254 EDGAR
  12. Mar 14, 20254 EDGAR
  13. Mar 14, 20254 EDGAR
  14. Mar 13, 202510-K EDGAR
  15. Dec 5, 2024EFFECT EDGAR
  16. Dec 3, 2024CORRESP EDGAR
  17. Nov 29, 2024UPLOAD EDGAR
  18. Nov 22, 2024S-1 EDGAR
  19. Nov 21, 202410-K/A EDGAR
  20. Nov 1, 20248-K EDGAR

The 51 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 2 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 10, 2024Liquidmetal Technology Ltd10% ownerSale179,787,888$0.16$28.8MForm 4
Oct 10, 2024Lugee Li Yeung TakDirectorSale179,787,888$0.16$28.8MForm 4
Nov 21, 2023Chung TonyChief Executive OfficerBuy150,000$0.06$9.0KForm 4
Nov 20, 2023Chung TonyChief Executive OfficerBuy789,100$0.05$39.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Wesbanco Bank Inc620,307$123.1K0.0%No change
Byrne Asset Management LLC400,000$80.0K0.0%New
Williams Jones Wealth Management, LLC.19,332$3.8K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How LIQUIDMETAL TECHNOLOGIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLIQUIDMETAL TECHNOLOGIES INC1
  • CIK0001141240
  • Employer ID (EIN)33-02644673
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)2800 Chemicals & Allied Products1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address20321 Valencia Circle, Lake Forest, CA 926301
  • Phone800-511-36511
  • Shares outstanding917,285,149 as of Aug 6, 202611
  • Public float$82.8M as of Jun 30, 20253
  • AuditorBCRG Group, Irvine, CA PCAOB ID 7158; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceNov 20, 20011
  • Filings747 in all: 4 (156), 8-K (140), 10-Q (73), 5 (58), 424B3 (41), 3 (37), 10-K (24), UPLOAD (20)1
    All 36 form types

    NT 10-Q (19), SC 13D/A (16), CORRESP (15), S-1/A (14), 10-Q/A (13), DEF 14A (13), 10-K/A (10), 3/A (10), 4/A (10), DEFA14A (8), SC 13G (8), 8-K/A (7), EFFECT (6), PRE 14A (6), S-1 (6), D (5), NT 10-K (5), REGDEX (5), SC 13D (5), SC 13G/A (5), CT ORDER (3), S-8 (3), 424B1 (1), 8-A12B (1), D/A (1), DEFR14A (1), REGDEX/A (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) May 16, 2023
    Latest 8-K (8-K) Jun 29, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $0.001 par value per shareLQMT

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks LIQUIDMETAL TECHNOLOGIES INC names in Item 1A of its 10-K filed Mar 12, 2026: 35 risks under these headings, as written.3

  • Risk Related to Our Company and Business
  • We have incurred significant operating losses in the past and may not be able to achieve or sustain profitability in the future.
  • We have a limited history of developing and selling products made from our bulk amorphous alloys.
  • We rely on assumptions about the markets for our products and components that, if incorrect, may adversely affect our profitability.
  • Our historical results of operations may not be indicative of our future results.
  • We primarily rely on limited suppliers for mold making, manufacturing and alloying of our bulk amorphous alloys and parts.
  • Our current anticipation that the Joint Venture Company will have full manufacturing capabilities in 2026 could be incorrect and may adversely affect our future results
  • Risk Related to Customer Relationships
  • If we cannot establish and maintain relationships with customers that incorporate our components and products into their finished goods, we will not be able to increase our revenue and commercialize our products.
  • It may take significant time and cost for us to develop new customer relationships, which may delay our ability to generate additional revenue or achieve profitability.
  • After we develop a customer relationship, it may take a significant amount of time for that customer to develop, manufacture, and sell finished goods that incorporate our components and products.
  • A limited number of our customers generate a significant portion of our revenue.
The other 25 risks
  • We expect to rely on our customers and licensees to market and sell finished goods that incorporate our products and components, a process over which we will have little control.
  • Risk Related to Technological and Intellectual Property
  • Our growth depends on our ability to identify, develop, and commercialize new applications for our technology.
  • We may not be able to effectively compete with current suppliers of incumbent materials or producers of competing products.
  • Our bulk amorphous alloy technology is still at an early stage of commercialization relative to many other materials.
  • Future advances in materials science could render Liquidmetal alloys obsolete.
  • Risks Related to Human Resources
  • Our growth depends upon our ability to retain and attract a sufficient number of qualified employees.
  • We may not be able to successfully identify, consummate, integrate, or derive benefit from strategic partnerships.
  • Risks Related to Our Global Business, Litigation, Laws and Regulation
  • We may derive some portion of our revenue from sales outside the United States, which may expose the Company to foreign commerce risks.
  • Changes in U.S. and foreign government administrative policy, including the imposition of or increases in tariffs and changes to existing trade agreements could have a material adverse effect on us.
  • A substantial increase in the price or interruption in the supply of raw materials for our alloys could have an adverse effect on our profitability.
  • Our business could be subject to the potentially adverse consequences of exchange rate fluctuations.
  • Our inability to protect our licenses, patents, trademarks, and proprietary rights in the United States and foreign countries could harm our business.
  • Other companies or individuals may claim that we infringe their intellectual property rights, which could cause us to incur significant expenses or prevent us from selling our products.
  • Evolving regulation of corporate governance and public disclosure may result in additional expenses and continuing uncertainty.
  • The time and cost associated with complying with government regulations to which we could become subject could have a material adverse effect on our business.
  • Risk Related to Stock Ownership and Corporate Governance
  • The existence of minority shareholders in our Liquidmetal Golf subsidiary creates potential for conflicts of interest.
  • Our executive officers, directors and insiders and entities affiliated with them hold a significant percentage of our common stock, and these shareholders may take actions that may be adverse to your interests.
  • Our stock price has experienced volatility and may continue to experience volatility.
  • Future sales of our common stock could depress our stock price.
  • A limited public trading market exists for our common stock, which makes it more difficult for our shareholders to sell their common stock in the public markets.
  • We have never paid dividends on our common stock, and we do not anticipate paying any cash dividends in the foreseeable future.
  • FINRA sales practice requirements may also limit a shareholder’s ability to buy and sell our stock.
  • Antitakeover provisions of our certificate of incorporation and bylaws and provisions of applicable corporate law could delay or prevent a change of control that you may favor.
  • We rely extensively on information technology in our operations, and any material failure, inadequacy, interruption, or security breach of that technology could have a material adverse impact on our business.
  • We will rely on the manufacturing operations of a third party controlled by our largest stockholder and Chairman, which presents a potential conflicts of interest.

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
    SEC EDGAROther events
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55