Liquidmetal Technologies, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 12, 2026, reporting financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Quarterly net loss: Net loss attributable to Liquidmetal Technologies stockholders was $767 thousand for the three months ended September 30, 2026, compared with $552 thousand in the same period of 2025.
  • Quarterly revenue: Total revenue was $225 thousand for Q3 2026, up from $37 thousand in Q3 2025, driven entirely by product sales of $225 thousand.
  • Nine-month operating loss: The operating loss for the nine months ended September 30, 2026 was $3,492 thousand, versus $2,698 thousand for the same period in 2025.
  • Cash and investments: Cash and cash equivalents stood at $9,021 thousand and short-term investments in debt securities were $5,457 thousand as of September 30, 2026.
  • Accumulated deficit: The accumulated deficit reached $282,966 thousand at September 30, 2026, compared with $280,594 thousand at December 31, 2025.
  • Shares outstanding: Common shares issued and outstanding totaled 918,552,990 as of September 30, 2026, up from 917,285,149 at December 31, 2025.
  • Total assets: Total assets were $26,345 thousand at September 30, 2026, down from $29,114 thousand at December 31, 2025.

Liquidmetal Technologies Financial Position and Operating Results for the Nine Months Ended September 30, 2026

According to the filing, Liquidmetal Technologies reported total revenue of $225 thousand for the three months ended September 30, 2026, consisting entirely of product sales, with no licensing or royalty revenue in the quarter. This compares with total revenue of $37 thousand in the third quarter of 2025, which included $28 thousand in product sales and $9 thousand in licensing and royalties. For the nine-month period, the company disclosed total revenue of $677 thousand versus $608 thousand a year earlier.

The company reported a gross profit of $35 thousand in Q3 2026 on cost of sales of $190 thousand. Operating expenses for the quarter totaled $1,204 thousand, including selling, marketing, general and administrative expenses of $981 thousand and a loss on disposal of property and equipment of $220 thousand, resulting in an operating loss of $1,169 thousand. Other income of $402 thousand, composed primarily of lease income of $195 thousand and interest income of $168 thousand, partially offset the operating loss, bringing the net loss before income taxes to $767 thousand for the quarter.

On the balance sheet, the filing reported total stockholders' equity of $24,719 thousand as of September 30, 2026, down from $27,086 thousand at December 31, 2025. Total liabilities decreased to $1,626 thousand from $2,028 thousand over the same period, primarily reflecting the absence of an operating lease liability after the period-end, compared with a combined current and noncurrent operating lease liability of $809 thousand at year-end 2025. The company also disclosed stock-based compensation of $105 thousand and stock option exercises of 1,267,841 shares during the nine months ended September 30, 2026. The filing notes that the company has a history of operating losses and uncertainty surrounding its ability to achieve or sustain profitability, among other risk factors described in its cautionary language. These statements are the company's own and are subject to its cautionary language regarding forward-looking information.

What Was Disclosed

Liquidmetal Technologies filed its quarterly report covering the period ended September 30, 2026, disclosing a net loss of $767 thousand for Q3 2026, total assets of $26,345 thousand, an accumulated deficit of $282,966 thousand, and 918,552,990 common shares outstanding.