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LiquidPiston

Operating

LiquidPiston, Inc.

Energy & Cleantech · Bloomfield, CT

First wholly new combustion engine / cycle in 85+ years

Post-money valuation
$300.2M
As of Apr 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$27,456,656
Across 7 rounds since 2016
Latest share price
$13.50
Reg CF Offering (2026) offering price

Financials

FY2014–FY2025 · from SEC filings · hover any figure for its source
$2.9M
−$943K
2018
$2.1M
−$1.2M
2019
$426K
−$2.9M
2020
$2.6M
−$1.8M
2021
$6.7M
$1.3M
2022
$8.2M
$1.1M
2023
$9.2M
−$1.5M
2024
$10.7M
−$1.3M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 4 earlier years are in the table below.

Metric
FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$0
$0
$953,000
$3,281,381
$2,886,920
$2,093,908
$425,654
$2,604,033
$6,682,426
$8,170,177
$9,182,407
$10,688,298
Cost of goods sold
$0
$0
$0
$0
$2,840,294
$454,415
$277,825
$1,608,633
$3,300,040
$3,948,517
$7,069,226
$7,488,342
Gross margin
100%
100%
2%
78%
35%
38%
51%
52%
23%
30%
Net income
-$2,726,626
-$2,381,300
-$741,201
$185,431
-$943,221
-$1,205,366
-$2,904,680
-$1,818,378
$1,327,908
$1,093,427
-$1,524,066
-$1,292,081
Taxes paid
-$2,878
$2,150
$0
$5,857
-$75,733
$14,841
$17,985
-$18,822
$19,881
$18,422
$70,961
$64,595
Balance sheet
Cash
$809,238
$425,569
$1,094,369
$2,347,993
$2,082,630
$1,554,653
$6,058,920
$8,015,115
$13,248,306
$14,424,557
$25,436,722
$30,153,080
Accounts receivable
$83,142
$57,600
$0
$0
$0
$302,171
$108,581
$110,000
$0
$1,226,610
$1,094,165
$619,261
Total assets
$1,704,357
$1,293,377
$1,908,774
$3,323,478
$3,201,003
$2,596,438
$7,059,161
$12,092,860
$15,749,285
$20,728,900
$33,298,412
$37,686,528
Short-term debt
$2,339,580
$2,416,993
$370,793
$331,168
$490,896
$2,472,606
$146,674
$933,282
$2,081,987
$1,339,034
$5,982,987
$107,738
Long-term debt
$0
$0
$1,481,000
$2,750,149
$3,473,565
$725,000
$150,000
$151,205
$439,845
$368,997
$265,651
$157,606
Total liabilities
$2,339,580
$2,416,993
$1,851,793
$3,081,317
$3,964,461
$3,197,606
$296,674
$1,435,236
$2,521,832
$1,708,031
$6,248,638
$265,344
Other
Headcount
7
18
18
18
18
22
32
34
46
53

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$52.7M
post-money
$73.5M
post-money
$300.2M
post-money
Liquid Piston Stock 3
LiquidPiston Round 4
Reg CF Offering (2026)

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2026)OpenReg CF · Common Equity · via STARTENGINE PRIMARY LLC
Raised $2.9M / $5MInvestors 972Post-money $300.2M
Reg CF Offering (2024)ClosedReg CF · Common Equity · via DEALMAKER SECURITIES LLC
Raised $4.9M / $5M
Reg A Offering (2022)ClosedReg A+ · Equity · via DEALMAKER SECURITIES LLC
Raised $0 / $23.7M
LiquidPiston Round 4ClosedReg A+ · Common Equity · via StartEngine
Raised $16.7M / $21.2MInvestors 7,739Post-money $73.5M
Liquid Piston Stock 3ClosedReg CF · Common Equity · via StartEngine
Raised $1.1M / $1.1MInvestors 3,185Post-money $52.7M
LiquidPiston Convertible Note 2ClosedReg CF · Convertible Note · via WeFunder
Raised $888.3K / $1.1MInvestors 906
Reg CF Offering (2016)ClosedReg CF · Convertible Note · via WeFunder
Raised $1M / $1M

Team

6 people
Alexander ShkolnikFounder
President, CEO, Treasurer, Secretary, Board Member

- PhD in Computer Science / Artificial Intelligence from MIT - Technical focus on leading teams in modeling dynamic systems, optimization & controls - 70+ patents; 30 conference and journal papers - PI on $20M in government R&D programs

Nikolay ShkolnikFounder
VP, CTO, Co-Founder, Board Member

- PhD in Physics from University of Connecticut (UConn) - Former Clean Energy Program Director, GEN3 - Motorola award for Creativity - 80+ patents: engines, fuel cells, super capacitors, and other fields - TRIZ specialist

Peter Hartman
VP of Operations

- MSME, Mechanical Engineering, University of Michigan - Former Head of Powertrain Strategy, FCA & CEO - Oversaw development of the Gen 3 Chrysler Hemi motor

Vicenzo Perrone
VP of Engineering

- Mechanical Engineering, Sapienza University of Rome - Extensive experience in engine development - Experience in business operations with leading global firms including Inveco, Deutz Fahr and John Deer

Per Suneby
SVP, Corporate Development and Board Member

Per Suneby is a Board Observer and Advisor to the Company, and also functions as the Head of Corporate Development for Statum Systems. Mr. Suneby is a noted advisor to early stage technology companies with a record of successful innovation. He has held numerous roles, including CEO. Mr. Suneby has an MBA from Harvard Business School. He currently services 16 hours per week in his role with the company.

Mark Michael Little
Board Member

- Ph.D. Mechanical Engineering, Rensselaer Polytechnic Institute - 37-year career at GE, including Senior Vice President and Chief Technology Officer - Led multi-billion-dollar global businesses, including GE Power Generation - Directed GE Global Research where he led a highly diversified industrial research organization of approximately 2,600 scientists and engineers

Names and titles as disclosed on SEC Form 1-A, SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 9 of 10 annual reports (FY2016–FY2025)

Missing: 2016

7,739 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C/AAug 12, 20260001446275-26-000011
    EDGAR
  • Form 1-SAJun 17, 20260001683168-26-004892
    EDGAR
  • Form C-AR/AJun 10, 20260001683168-26-004687
    EDGAR
  • Form C/AJun 4, 20260001446275-26-000008
    EDGAR
  • Form CApr 14, 20260001446275-26-000005
    EDGAR
  • Form DMar 24, 20260001446275-26-000001
    EDGAR
  • Form C-ARJan 28, 20260001683168-26-000581
    EDGAR
  • Form 1-KJan 22, 20260001683168-26-000460
    EDGAR
Source: ManualCIK 0001446275DEShare price $13.50

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.