1. Canada Stocks

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    Industrials

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    Waste Management
BQE Water Inc.

BQE Water Inc.

BTQNF
BQE Water Inc.US flagOther OTC
48.09
USD
- -
- -
62.55MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.81
3.92
3.88
4.22
4.32
4.48
4.67
6.33
6.1
9.73
14.49
13.52
27.46
25.38
Basic EPS, GAAP
-9.19
-1.79
-1.52
-2.47
-0.38
0.16
0.2
0.96
2.13
0.93
2.12
3.78
6.23
3.91
Free Cash Flow per Basic Share
-6.54
-1.71
-1.21
-0.88
-1.61
-0.69
-0.27
0.1
-0.36
-0.44
0.55
1.87
3.77
3.02
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-80.18
-62.51
-4.75
-7.22
-7.61
-5.65
-4.25
-3.23
-0.9
0.11
1.95
6.1
12.43
11.49
Tangible Book Value per Share
10.13
7.46
6.42
5.06
4.68
6.7
5.3
6.65
8.86
9.87
11.62
16.05
22.2
21.4
Basic Weighted Avg Shares
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Sales/Revenue/Turnover
4
4
4
4
4
4
6
8
8
12
18
17
36
33
Operating Margin (%)
-112.64
-69.97
-50.12
-23.99
-35.09
-12.12
-2.26
1.8
-1.4
-0.95
15.35
3.78
17.36
9.18
Depreciation Expense
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
Net Income, GAAP
-6
-2
-1
-2
- -
- -
- -
1
3
1
3
5
8
5
Effective Tax Rate (%)
- -
- -
- -
- -
- -
45.3
31.49
8.07
4.72
21.02
6.72
- -
- -
6.25
Profit Margin (%)
-158.07
-45.55
-39.27
-58.7
-8.9
3.52
4.28
15.16
35.01
9.56
14.63
27.97
22.69
15.39
Working Capital
2
1
1
2
1
1
2
4
5
7
11
13
21
20
LT Debt
- -
- -
- -
1
1
- -
- -
1
- -
- -
2
2
2
3
Total Equity
7
7
6
5
4
6
6
8
11
13
15
21
29
28
Return on Invested Capital (%)
- -
- -
- -
- -
- -
-4.59
-1.32
1.62
-0.96
-0.73
17.35
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
-4.09
-5.13
-29.95
-140.59
1,779.56
111.01
- -
- -
144.77
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
206.17
94.35
67.64
41.29

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
1
1
1
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
1
1
Market Capitalization
70
84
92

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
25
26
24
Cash, Cash Equivalents & STI
17
20
18
Accounts Receivable, Net
7
5
4
Inventories
- -
- -
- -
Total Current Liabilities
5
4
4
Payables & Accruals
3
3
2
ST Debt
- -
- -
- -
Deferred Revenue
1
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.09%
29.54%
40.27%
Free Cash Flow
-49.74%
-61.86%
105.47%
Net Income, GAAP
62.72%
69.35%
67.82%
Sales/Revenue/Turnover
29.51%
42.05%
106.9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3
3
6
4
17
2025
7
11
9
8
36
2026
5
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.39
0.44
2.75
- -
3.78
2025
1.34
1.48
2.15
- -
6.23
2026
-0.98
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
David Kratochvil
Full Time Employees
36
Sector
Industrials
Industry
Waste Management
Address
900 Howe Street Vancouver BC Canada V6Z 2M4
IPO Date
Sep 22, 2010
Website
bqewater.com
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Business
BQE Water Inc. (TSXV: BQE), headquartered in Vancouver, Canada, and founded in 1998, provides integrated water treatment and management services to the mining, smelting, and refining industries worldwide; the company specializes in treating mine-impacted waters including drainage, run-off, waste rock seepage, tailings water, and groundwater for contaminants such as metals, sulfates, selenium, nitrates, ammonia, and cyanide. Its proprietary technologies encompass BioSulphide and ChemSulphide for metals removal; Met-IX for ultra-low metals discharge and recovery; Sulf-IX and Sulf-IXC for sulfate and hardness reduction; Selen-IX for selenium removal; and SART for cyanide detoxification and recycling in gold processing; BQE Water also delivers technical services such as engineering design, lab testing, field piloting, plant commissioning, and operational support across the mine lifecycle from permitting to closure. The company operates through joint ventures including 50% ownership in JCC-BQE (Jiangxi Copper joint venture operating treatment plants at Dexing and Yinshan Mines in China), 20% in MWT-BQE (Shandong province smelter wastewater treatment), and partnerships at sites like Glencore's Raglan Mine in Quebec, WesTech ash pond in the eastern USA, and base metal projects in the southwestern USA; it serves clients in Canada, the United States, Latin America (Brazil, Chile, Mexico), China, and Africa with recurring revenue from plant operations, recovered metals sales (copper, zinc), water treatment fees, and support services. Recent developments include commissioning a new Selen-IX plant at Coeur Mining's Wharf Mine in South Dakota, USA, in record time during Q3 2025, enabling selenium removal to below 5 ppb; completing a SART plant for Shandong Gold in China, generating new recurring operations revenue in Q4 2025; providing emergency water treatment at Eagle Gold Mine in Yukon following a 2025 heap leach failure, with phase one completion anticipated by mid-Q1 2026; advancing into aquatic toxicology services through 2025 investments in lab facilities and talent; and optimizing organizational structure for growth amid record nine-month technical services revenue of $22.6 million through September 2025.

Company News

APIChatGPT

  • seekingalpha.com

    BQE Water Inc. (BQE:CA) Q4 2025 Earnings Call Transcript