QCLS net incomeQ2 2026-$6.62M
QCLS net income was -$6.62M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.80M a year earlier. For the full fiscal 2025 it was -$11.63M, compared with -$23.36M in fiscal 2024.
Q/C Technologies Inc. (QCLS) financials
For the twelve months ended Jun 30, 2026, Q/C Technologies Inc. reported -$16.57M of net income.
- Net income, TTM
- -$16.57M
- Cash
- $307.6K
- Market cap
- $3.0M
FY2016FY2019
FY2016FY2025
FY2016FY2025
QCLS revenue and earnings growth
QCLS EPSQ2 2026-$0.79
QCLS diluted EPS was -$0.79 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$8.66.
QCLS free cash flowFY2025-$10.82M
QCLS free cash flow was -$10.82M for fiscal 2025 (ended Dec 31, 2025).
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | $1.58M | $1.67M | $3.35M | $2.96M |
| Cost of revenue | - | - | - | - | - | - | $46.5K | $93.6K | $136.1K | $138.7K |
| Gross profit | - | - | - | - | - | - | $478.7K | $127.3K | $948.6K | $1.88M |
| Research and development | $3.47M | $3.44M | $7.87M | $9.07M | $6.75M | $2.47M | $276.8K | $1.06M | $1.26M | $1.19M |
| Selling, general and admin | $3.74M | $4.16M | $5.44M | $5.52M | $6.42M | $2.95M | $3.37M | $5.67M | $4.08M | $3.01M |
| Operating income | -$9.85M | -$10.17M | -$17.12M | -$15.28M | -$28.81M | -$9.49M | -$3.47M | -$10.06M | -$6.61M | -$3.33M |
| Pre-tax income | -$11.63M | -$23.36M | -$4.00M | -$15.20M | -$29.89M | -$9.49M | -$3.38M | -$10.85M | -$7.37M | -$3.30M |
| Net income | -$11.63M | -$23.36M | -$4.00M | -$15.20M | -$29.89M | -$9.49M | -$3.89M | -$10.85M | -$7.37M | -$3.30M |
| EPS, basic | -$8.66 | -$1080.87 | -$517.01 | -$32455.23 | -$2349.83 | -$13767.21 | -$35109.15 | -$2833280.76 | -$799880.43 | -$620574.96 |
| EPS, diluted | -$8.66 | -$1080.87 | -$517.01 | -$32455.23 | - | -$13767.21 | -$35109.15 | -$2833280.76 | -$799880.43 | -$620574.96 |
| Diluted shares | 1.7M | 25,129 | 15,901.577 | 468.15 | 12,666.755 | 10,196.577 | 110.811 | 3.829 | 9.214 | 5.338 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $987.0K | $173.2K | $2.68M | $749.1K | $556.0K | $148.3K | $517.4K | $181.8K | $438.4K | $72.7K |
| Short-term investments | $14.80M | $8.35M | $2.24M | $4.09M | $11.00M | $16.72M | $9.16M | $5.27M | $5.01M | $50.0K |
| Receivables | - | - | - | - | - | - | $42.9K | $176.3K | $964.7K | $601.3K |
| Inventory | - | - | - | - | - | $197.7K | $199.0K | $585.3K | $947.6K | $2.04M |
| Current assets | $16.58M | $9.41M | $5.82M | $5.40M | $12.67M | $149.5K | $10.31M | $6.67M | $7.78M | $3.19M |
| Goodwill | $10.50M | $10.50M | $10.50M | $10.50M | $10.50M | - | - | - | - | - |
| Total assets | $41.17M | $21.42M | $17.86M | $17.54M | $24.81M | $676.7K | $10.88M | $7.81M | $9.34M | $5.09M |
| Current liabilities | $5.53M | $6.70M | $4.99M | $2.77M | $1.04M | $2.35M | $1.53M | $1.97M | $1.79M | $1.70M |
| Total liabilities | $16.44M | $6.70M | $5.09M | $2.84M | $1.17M | $5.93M | $1.53M | $1.97M | $1.79M | $1.70M |
| Shareholders' equity | $21.75M | $9.79M | $12.37M | $14.70M | $23.65M | -$5.26M | -$2.33M | $5.83M | $7.55M | $3.39M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9.07M | -$8.98M | -$12.98M | -$12.27M | -$19.52M | -$4.66M | -$3.07M | -$8.50M | -$5.08M | -$4.17M |
| Capital expenditures | $1.75M | - | - | - | - | - | - | $68.2K | $54.5K | $123.3K |
| Free cash flow | -$10.82M | - | - | - | - | - | - | -$8.57M | -$5.13M | -$4.30M |
| Investing cash flow | -$8.42M | -$6.10M | $1.85M | $6.91M | $19.85M | -$8.76M | -$3.94M | -$359.7K | -$5.01M | $3.84M |
| Financing cash flow | $18.30M | $12.57M | $13.07M | $5.55M | $73.5K | $4.68M | $6.97M | $9.11M | $10.46M | - |
| Stock-based compensation | $2.17M | $1.06M | $3.05M | $695.2K | - | $855.0K | $10.8K | $12.5K | $5.5K | $51.7K |
| Depreciation and amortization | - | - | - | - | - | $29.5K | $74.1K | $234.5K | $249.9K | $286.2K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | - | - | - | - | - | -5.3% | -50.4% | 13.3% | 40.0% |
| Gross margin | - | - | - | - | - | - | 30.4% | 7.6% | 28.3% | 63.4% |
| Operating margin | - | - | - | - | - | - | -220.2% | -604.0% | -197.1% | -112.4% |
| Net margin | - | - | - | - | - | - | -246.6% | -651.4% | -219.6% | -111.6% |
| Free cash flow margin | - | - | - | - | - | - | - | -514.6% | -153.1% | -145.1% |
| Return on equity | -53.5% | -238.6% | -32.3% | -103.4% | -126.4% | - | - | -186.0% | -97.5% | -97.5% |
| Return on assets | -28.2% | -109.0% | -22.4% | -86.6% | -120.5% | -1402.1% | -35.7% | -139.0% | -78.9% | -65.0% |
| Current ratio | 3.00 | 1.40 | 1.17 | 1.95 | 12.18 | 0.06 | 6.74 | 3.38 | 4.36 | 1.88 |
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | $236.1K | $510.5K | $696.5K | $356.4K | $873.5K | $1.55M | $1.13M | $707.7K | $401.1K | $1.20M | $2.96M | $1.91M |
| Selling, general and admin | $1.00M | $1.07M | $1.03M | $967.8K | $894.3K | $841.7K | $1.01M | $1.10M | $1.02M | $1.07M | $1.24M | $1.33M |
| Operating income | -$6.79M | -$1.86M | -$3.71M | -$1.79M | -$1.87M | -$2.47M | -$2.19M | -$1.83M | -$3.37M | -$2.78M | -$4.91M | -$3.84M |
| Pre-tax income | -$6.62M | -$1.24M | -$5.89M | -$2.81M | -$1.80M | -$1.12M | -$2.06M | -$1.93M | -$9.57M | -$9.80M | -$2.36M | $4.04M |
| Net income | -$6.62M | -$1.24M | -$5.89M | -$2.81M | -$1.80M | -$1.12M | -$2.06M | -$1.93M | -$9.57M | -$9.80M | -$2.36M | $4.04M |
| EPS, basic | -$0.79 | -$0.19 | - | -$2.50 | -$51.10 | -$0.36 | -$34.29 | -$107.62 | -$440.38 | -$498.58 | - | $178.48 |
| EPS, diluted | -$0.79 | -$0.19 | - | -$2.50 | -$51.10 | -$0.36 | -$34.29 | -$107.62 | -$440.38 | -$498.58 | - | $35.89 |
| Diluted shares | 8.2M | 8.1M | - | 1.5M | 54,261 | 5.3M | - | 24,907 | 23,460.814 | 22,073.515 | - | 80,607.072 |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $307.6K | $1.13M | $987.0K | $6.90M | $207.6K | $73.2K | $173.2K | $1.19M | $536.0K | $225.7K | $2.68M | $298.3K |
| Short-term investments | $10.68M | $11.85M | $14.80M | $3.09M | $3.61M | $5.81M | $8.35M | $9.45M | $12.53M | $1.51M | $2.24M | $8.17M |
| Current assets | $11.74M | $13.71M | $16.58M | $11.15M | $5.15M | $6.78M | $9.41M | $12.03M | $14.36M | $2.46M | $5.82M | $9.74M |
| Goodwill | $10.50M | $10.50M | $10.50M | $10.50M | $10.50M | $10.50M | $10.50M | $10.50M | $10.50M | $10.50M | $10.50M | $10.50M |
| Total assets | $22.87M | $38.29M | $41.17M | $37.23M | $17.15M | $18.78M | $21.42M | $24.04M | $26.38M | $14.49M | $17.86M | $21.83M |
| Current liabilities | $3.57M | $3.69M | $5.53M | $6.53M | $5.55M | $4.94M | $6.70M | $6.99M | $5.78M | $3.97M | $4.99M | $5.70M |
| Total liabilities | $3.79M | $14.60M | $16.44M | $15.91M | $5.55M | $4.94M | $6.70M | $6.99M | $26.00M | $4.25M | $5.09M | $5.72M |
| Shareholders' equity | $16.09M | $20.72M | $21.75M | $14.32M | $5.28M | $8.69M | $9.79M | $16.78M | $97.8K | $9.94M | $12.37M | $15.50M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.82M | -$3.29M | -$3.20M | -$1.16M | -$2.07M | -$2.64M | -$2.12M | -$2.43M | -$2.67M | -$1.76M | -$1.93M | -$3.16M |
| Investing cash flow | $1.04M | $2.97M | -$11.67M | -$1.49M | $2.20M | $2.54M | $1.10M | $3.09M | -$11.02M | $732.0K | $5.93M | $3.36M |
| Financing cash flow | -$42.9K | $453.9K | $8.95M | - | - | - | $1 | $0 | $14.00M | -$1.43M | -$1.62M | $0 |
| Dividends paid | - | - | - | - | - | - | - | $68.1K | - | - | - | - |
| Stock-based compensation | $2.37M | $58.6K | $1.99M | $0 | $104.9K | $84.6K | $83.3K | $13.8K | $439.6K | $517.4K | $707.6K | $595.6K |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.29 | 3.71 | 3.00 | 1.71 | 0.93 | 1.37 | 1.40 | 1.72 | 2.48 | 0.62 | 1.17 | 1.71 |
Source: XBRL data Q/C Technologies Inc. files with the SEC, latest filing dated Aug 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-8, first reported Nov 14, 2018; 1-for-23, first reported May 15, 2020; 1-for-2, first reported May 18, 2021; 2-for-57, first reported Aug 19, 2024; 1-for-97, first reported Nov 19, 2025.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
QCLS peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| QCLS | - | - | -$16.57M | - | $3.0M |
| IDXX | $4.66B | +11.9% | $1.18B | 25.4% | $55.67B |
| ORKA | - | - | -$152.57M | - | $6.92B |
| LNTH | $1.56B | +2.4% | $269.90M | 17.3% | $6.61B |
| NEOG | $883.99M | -0.3% | -$56.10M | -6.3% | $2.64B |
| CLDX | $158.0K | -93.9% | -$309.06M | -195608.9% | $2.45B |
| NTLA | $52.89M | -8.1% | -$426.14M | -805.7% | $1.70B |
| QDEL | $2.59B | -4.5% | -$369.20M | -14.2% | $829.5M |
| ACHV | - | - | -$114.04M | - | $697.7M |
QCLS FAQ
4 questionsIs QCLS profitable?
No. Q/C Technologies Inc. reported a net loss of $16.57M for the twelve months ended Jun 30, 2026.How much cash and debt does QCLS have?
Q/C Technologies Inc. reported $307.6K in cash and cash equivalents on its most recent balance sheet in SEC filings.When did QCLS last report financial results?
The latest statements here come from Q/C Technologies Inc.'s 10-Q filed on Aug 12, 2026, covering the period ended Jun 30, 2026.Where does this QCLS financial data come from?
Quantisnow builds these statements from the structured XBRL data Q/C Technologies Inc. files with the SEC. It is provided for information only and is not investment advice.