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Side-by-side financial comparison of LIQTECH INTERNATIONAL INC (LIQT) and Super League Enterprise, Inc. (SLE). Click either name above to swap in a different company.

Super League Enterprise, Inc. is the larger business by last-quarter revenue ($3.2M vs $3.1M, roughly 1.0× LIQTECH INTERNATIONAL INC). LIQTECH INTERNATIONAL INC runs the higher net margin — -83.0% vs -316.9%, a 234.0% gap on every dollar of revenue. On growth, Super League Enterprise, Inc. posted the faster year-over-year revenue change (-6.6% vs -8.2%). Over the past eight quarters, Super League Enterprise, Inc.'s revenue compounded faster (-12.8% CAGR vs -14.1%).

Liqtech International Inc. is a technology firm specializing in the development, production and distribution of advanced silicon carbide membrane filtration and purification solutions. Its products serve sectors including maritime, industrial wastewater treatment, food and beverage, and renewable energy, with key markets covering North America, Europe and the Asia-Pacific region.

Super League Enterprise, Inc. is a global gaming and esports entertainment firm that creates interactive live events, original content, and community experiences for casual and core gaming audiences. It runs competitive gaming leagues, brand partnership activations, and digital media platforms, serving North America, Europe, and key Asia-Pacific markets.

LIQT vs SLE — Head-to-Head

Bigger by revenue
SLE
SLE
1.0× larger
SLE
$3.2M
$3.1M
LIQT
Growing faster (revenue YoY)
SLE
SLE
+1.6% gap
SLE
-6.6%
-8.2%
LIQT
Higher net margin
LIQT
LIQT
234.0% more per $
LIQT
-83.0%
-316.9%
SLE
Faster 2-yr revenue CAGR
SLE
SLE
Annualised
SLE
-12.8%
-14.1%
LIQT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LIQT
LIQT
SLE
SLE
Revenue
$3.1M
$3.2M
Net Profit
$-2.6M
$-10.1M
Gross Margin
-3.4%
31.5%
Operating Margin
-85.8%
-100.8%
Net Margin
-83.0%
-316.9%
Revenue YoY
-8.2%
-6.6%
Net Profit YoY
13.7%
-91.8%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LIQT
LIQT
SLE
SLE
Q4 25
$3.1M
$3.2M
Q3 25
$3.8M
$2.4M
Q2 25
$5.0M
$3.0M
Q1 25
$4.6M
$2.7M
Q4 24
$3.4M
$3.4M
Q3 24
$2.5M
$4.4M
Q2 24
$4.5M
$4.1M
Q1 24
$4.2M
$4.2M
Net Profit
LIQT
LIQT
SLE
SLE
Q4 25
$-2.6M
$-10.1M
Q3 25
$-1.4M
$-3.6M
Q2 25
$-2.2M
$-2.8M
Q1 25
$-2.4M
$-4.2M
Q4 24
$-3.0M
$-5.3M
Q3 24
$-2.8M
$-3.6M
Q2 24
$-2.1M
$-2.5M
Q1 24
$-2.4M
$-5.3M
Gross Margin
LIQT
LIQT
SLE
SLE
Q4 25
-3.4%
31.5%
Q3 25
19.6%
44.6%
Q2 25
9.8%
43.6%
Q1 25
2.7%
44.0%
Q4 24
-15.5%
29.2%
Q3 24
-8.5%
38.9%
Q2 24
16.0%
40.0%
Q1 24
6.4%
41.1%
Operating Margin
LIQT
LIQT
SLE
SLE
Q4 25
-85.8%
-100.8%
Q3 25
-35.0%
-125.9%
Q2 25
-42.6%
-104.8%
Q1 25
-47.3%
-133.6%
Q4 24
-81.2%
-134.4%
Q3 24
-104.5%
-77.9%
Q2 24
-46.5%
-99.4%
Q1 24
-48.3%
-109.4%
Net Margin
LIQT
LIQT
SLE
SLE
Q4 25
-83.0%
-316.9%
Q3 25
-37.6%
-147.0%
Q2 25
-43.4%
-92.7%
Q1 25
-50.9%
-155.6%
Q4 24
-88.2%
-154.3%
Q3 24
-114.6%
-82.0%
Q2 24
-47.1%
-59.6%
Q1 24
-56.4%
-125.0%
EPS (diluted)
LIQT
LIQT
SLE
SLE
Q4 25
Q3 25
$-2.65
Q2 25
Q1 25
Q4 24
Q3 24
$-21.47
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LIQT
LIQT
SLE
SLE
Cash + ST InvestmentsLiquidity on hand
$5.1M
$14.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.4M
$17.5M
Total Assets
$27.3M
$21.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LIQT
LIQT
SLE
SLE
Q4 25
$5.1M
$14.4M
Q3 25
$1.1M
Q2 25
$475.0K
Q1 25
$747.0K
Q4 24
$1.3M
Q3 24
$4.5M
$289.0K
Q2 24
$5.5M
$1.7M
Q1 24
$7.7M
$3.3M
Stockholders' Equity
LIQT
LIQT
SLE
SLE
Q4 25
$10.4M
$17.5M
Q3 25
$12.8M
$-2.0M
Q2 25
$13.9M
$-4.1M
Q1 25
$15.1M
$-3.5M
Q4 24
$16.7M
$170.0K
Q3 24
$11.4M
$3.5M
Q2 24
$12.3M
$5.1M
Q1 24
$14.5M
$6.0M
Total Assets
LIQT
LIQT
SLE
SLE
Q4 25
$27.3M
$21.9M
Q3 25
$30.3M
$8.7M
Q2 25
$31.7M
$8.5M
Q1 25
$31.7M
$9.8M
Q4 24
$32.4M
$11.7M
Q3 24
$28.7M
$12.6M
Q2 24
$28.6M
$15.4M
Q1 24
$31.4M
$18.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LIQT
LIQT
SLE
SLE
Operating Cash FlowLast quarter
$-2.1M
$-3.9M
Free Cash FlowOCF − Capex
$-2.3M
FCF MarginFCF / Revenue
-73.5%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LIQT
LIQT
SLE
SLE
Q4 25
$-2.1M
$-3.9M
Q3 25
$-1.1M
$-2.8M
Q2 25
$-1.6M
$-1.8M
Q1 25
$-1.3M
$-2.2M
Q4 24
$-2.0M
$-3.3M
Q3 24
$-1.7M
$-2.1M
Q2 24
$-1.8M
$-2.3M
Q1 24
$-2.0M
$-3.7M
Free Cash Flow
LIQT
LIQT
SLE
SLE
Q4 25
$-2.3M
Q3 25
$-1.2M
Q2 25
$-1.7M
Q1 25
$-1.5M
Q4 24
$-2.4M
Q3 24
$-2.1M
$-2.1M
Q2 24
$-2.0M
Q1 24
$-2.3M
FCF Margin
LIQT
LIQT
SLE
SLE
Q4 25
-73.5%
Q3 25
-31.4%
Q2 25
-33.7%
Q1 25
-31.6%
Q4 24
-70.3%
Q3 24
-85.3%
-48.1%
Q2 24
-45.6%
Q1 24
-55.4%
Capex Intensity
LIQT
LIQT
SLE
SLE
Q4 25
5.3%
Q3 25
3.3%
Q2 25
1.2%
Q1 25
3.5%
Q4 24
11.5%
0.0%
Q3 24
14.7%
0.5%
Q2 24
5.0%
0.0%
Q1 24
9.2%
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LIQT
LIQT

Segment breakdown not available.

SLE
SLE

Advertising And Sponsorships$1.8M57%
Publishing And Content Studio$1.4M43%

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