QT IMAGING HOLDINGS, INC. financials
Source: EDGAR filings · Built 2026-06-19T03:01:39Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Free Cash Flow | -9.08M | -10.12M | -2.66M | — | — |
| EBITDA | -4.31M | -11.95M | -4.53M | — | — |
| Working Capital | 14.22M | -4.88M | -2.52M | -3.94M | 528.15K |
| Net Debt | 354.00K | 9.82M | 5.11M | 179.30K | — |
| Gross Margin | 45.36% | 54.11% | -234.50% | — | — |
| Operating Margin | -23.45% | -249.58% | -12409.76% | — | — |
| Net Margin | -111.40% | -184.16% | -15113.25% | — | — |
| Return on Equity (ROE) | -327.12% | 94.20% | 114.81% | 184.02% | 12.42% |
| Return on Assets (ROA) | -91.58% | -147.61% | -90.94% | -6.61% | -0.47% |
| Current Ratio | 2.81× | 0.50× | 0.66× | 0.06× | 1.83× |
| Debt-to-Equity | 1.67× | -1.15× | -0.99× | -0.17× | — |
| Effective Tax Rate | 0.00% | 0.18% | -0.03% | -21.27% | -0.16% |
| Cash Conversion Ratio | 0.42× | 1.12× | 0.43× | 0.45× | 1.24× |
| Accruals Ratio | -0.53× | 0.17× | -0.51× | -0.04× | 0.00× |
| SBC % of Revenue | 4.23% | 5.94% | 1757.88% | — | — |
| CapEx Coverage | -72.25× | -114.01× | -203.31× | — | — |
| Free Cash Flow Per Share | $-0.87 | $-1.52 | $-0.28 | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 18.93M | 4.88M | 40.35K | — | — |
| Revenues | — | — | 0 | 0 | — |
| Cost of Goods and Services Sold | 10.34M | 2.24M | 134.99K | — | — |
| Gross Profit | 8.58M | 2.64M | -94.63K | — | — |
| Research and Development Expense | 3.94M | 3.27M | 1.49M | — | — |
| Selling, General and Administrative Expense | 9.09M | 11.55M | 3.43M | — | — |
| Operating Expenses | 13.02M | 14.82M | 4.91M | — | — |
| Operating Income (Loss) | -4.44M | -12.18M | -5.01M | -4.28M | -1.08M |
| Income Tax Expense (Benefit) | -1.00K | -16.00K | 1.60K | 486.62K | 1.78K |
| Net Income (Loss) Attributable to Parent | -21.08M | -8.98M | -6.10M | -2.77M | -1.11M |
| Earnings Per Share, Basic | $-2.01 | $-2.13 | $-0.64 | $-0.60 | $-0.14 |
| Weighted Average Number of Shares Outstanding, Basic | 10.48M | 6.66M | 9.54M | 6.54M | 8.19M |
| Earnings Per Share, Diluted | $-2.01 | $-2.13 | $-0.64 | $-0.60 | $-0.14 |
| Weighted Average Number of Shares Outstanding, Diluted | 10.48M | 6.66M | 9.54M | 6.54M | 8.19M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 10.41M | 1.17M | — | — | — |
| Assets, Current | 22.09M | 4.92M | 4.82M | 250.70K | 1.16M |
| Assets | 23.02M | 6.09M | 6.71M | 41.95M | 233.63M |
| Long-term Debt | 10.11M | 9.93M | — | — | — |
| Liabilities, Current | 7.87M | 9.79M | 7.34M | 4.19M | 633.64K |
| Liabilities | 16.58M | 15.63M | 12.02M | 13.42M | 10.25M |
| Stockholders' Equity Attributable to Parent | 6.45M | -9.54M | -5.31M | -1.51M | -8.92M |
| Common Stock, Shares, Outstanding | 11.90M | 8.93M | 9.58M | 6.54M | 6.54M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -8.96M | -10.03M | -2.65M | -1.26M | -1.37M |
| Payments to Acquire Property, Plant, and Equipment | 124.00K | 88.00K | 13.04K | — | — |
| Net Cash Provided by (Used in) Investing Activities | -124.00K | -88.00K | -13.04K | 192.24M | -232.30M |
| Net Cash Provided by (Used in) Financing Activities | 18.35M | 11.13M | 2.37M | -191.32M | 234.09M |
Derived Metrics
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.18M | -5.90M | -5.03M | — | -1.28M | -8.84M |
| EBITDA | -684.68K | — | — | -1.00M | -2.02M | — |
| Working Capital | 14.22M | -1.45M | 4.36M | 4.53M | -4.88M | 344.34K |
| Net Debt | 354.00K | 14.17M | 8.98M | 8.14M | 9.82M | 10.10M |
| Gross Margin | 37.97% | 43.00% | 49.93% | 64.75% | 47.24% | 63.32% |
| Operating Margin | -8.46% | -39.41% | -28.50% | -37.23% | -242.20% | -243.44% |
| Net Margin | -16.77% | -108.71% | -109.35% | -397.94% | -411.89% | -378.62% |
| Return on Equity (ROE) | -21.54% | 50.21% | 1233.92% | 55.11% | 36.57% | 37.50% |
| Return on Assets (ROA) | -6.03% | -37.60% | -34.40% | -102.50% | -57.30% | -52.00% |
| Current Ratio | 2.81× | 0.89× | 1.69× | 1.86× | 0.50× | 1.06× |
| Debt-to-Equity | 1.67× | -1.75× | -33.93× | -0.55× | -1.15× | -1.21× |
| Effective Tax Rate | 0.27% | 0.00% | -0.07% | — | 0.46% | 0.00% |
| Cash Conversion Ratio | 2.23× | 1.29× | 1.24× | 0.32× | 0.35× | 2.43× |
| Accruals Ratio | 0.07× | 0.11× | 0.08× | -0.70× | -0.37× | 0.75× |
| SBC % of Revenue | 3.41% | 12.37% | 8.74% | 3.60% | 14.62% | 17.38% |
| CapEx Coverage | -40.18× | -125.11× | -106.34× | — | -22.97× | -254.59× |
| Free Cash Flow Per Share | $-0.30 | $-0.61 | $-0.18 | — | $-0.19 | $-1.24 |
Income Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 8.28M | 4.19M | 3.66M | 2.80M | 846.83K | 955.97K |
| Cost of Goods and Services Sold | 5.13M | 2.39M | 1.83M | 986.55K | 446.77K | 350.67K |
| Gross Profit | 3.14M | 1.80M | 1.83M | 1.81M | 400.07K | 605.30K |
| Research and Development Expense | 1.24M | 938.76K | 900.69K | 852.25K | 774.16K | 925.21K |
| Selling, General and Administrative Expense | 2.60M | 2.52M | 1.97M | 2.00M | 1.68M | 2.01M |
| Operating Expenses | 3.84M | 3.45M | 2.87M | 2.85M | 2.45M | 2.93M |
| Operating Income (Loss) | -700.21K | -1.65M | -1.04M | -1.04M | -2.05M | -2.33M |
| Income Tax Expense (Benefit) | -3.78K | 0 | 2.78K | — | -16.00K | 0 |
| Net Income (Loss) Attributable to Parent | -1.39M | -4.56M | -4.00M | -11.14M | -3.49M | -3.62M |
| Earnings Per Share, Basic | $0.08 | $-0.47 | $-0.14 | $-0.40 | $-0.41 | $-0.51 |
| Weighted Average Number of Shares Outstanding, Basic | 10.48M | 9.60M | 28.35M | 27.52M | 6.66M | 7.16M |
| Earnings Per Share, Diluted | $0.08 | $-0.47 | $-0.14 | $-0.40 | $-0.41 | $-0.51 |
| Weighted Average Number of Shares Outstanding, Diluted | 10.48M | 9.60M | 28.35M | 27.52M | 6.66M | 7.16M |
Balance Sheet
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 10.41M | — | — | — | 1.17M | — |
| Assets, Current | 22.09M | 11.29M | 10.67M | 9.81M | 4.92M | 5.78M |
| Assets | 23.02M | 12.12M | 11.63M | 10.86M | 6.09M | 6.96M |
| Long-term Debt | 10.11M | 15.12M | 10.14M | 10.16M | 9.93M | 10.48M |
| Liabilities, Current | 7.87M | 12.74M | 6.31M | 5.28M | 9.79M | 5.43M |
| Liabilities | 16.58M | 21.20M | 11.96M | 31.07M | 15.63M | 16.61M |
| Stockholders' Equity Attributable to Parent | 6.45M | -9.08M | -324.29K | -20.21M | -9.54M | -9.65M |
| Common Stock, Shares, Outstanding | 11.90M | 9.67M | 28.64M | 27.65M | 8.93M | 21.44M |
Cash Flow Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.10M | -5.86M | -4.98M | -3.54M | -1.23M | -8.81M |
| Payments to Acquire Property, Plant, and Equipment | 77.18K | 46.82K | 46.82K | — | 53.41K | 34.59K |
| Net Cash Provided by (Used in) Investing Activities | -77.18K | -46.82K | -46.82K | — | -53.41K | -34.59K |
| Net Cash Provided by (Used in) Financing Activities | 11.91M | 6.45M | 5.88M | 5.35M | 907.52K | 10.22M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (QTI CIK 0001844505),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.