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Financials · QTI

QT Imaging Holdings Inc. (QTI) financials

For the twelve months ended Jun 30, 2026, QT Imaging Holdings Inc. reported $26.43M of revenue and -$20.42M of net income.

Revenue, TTM
$26.43M
Revenue growth, YoY
+220.0%
Net income, TTM
-$20.42M
Net margin
-77.3%
Free cash flow, TTM
-$12.74M
EPS, diluted, TTM
-$1.38
Cash
$10.92M
Total debt
$11.40M
P/S
1.27
Market cap
$33.5M
Annual revenue$18.93M
FY2022FY2025
Annual net income-$21.08M
FY2022FY2025
Annual free cash flow-$9.08M
FY2023FY2025

QTI revenue and earnings growth

QTI revenueQ2 2026$7.43M

Quarter YoY
+103.2%
QoQ
+13.9%
FY YoY
+287.9%

QTI revenue was $7.43M in fiscal Q2 2026 (ended Jun 30, 2026), up 103.2% from a year earlier and up 13.9% from the prior quarter. For the full fiscal 2025 it was $18.93M, up 287.9% from fiscal 2024.

QTI net incomeQ2 2026-$11.07M

QTI net income was -$11.07M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$4.00M a year earlier. For the full fiscal 2025 it was -$21.08M, compared with -$8.98M in fiscal 2024.

QTI EPSQ2 2026-$0.75

QTI diluted EPS was -$0.75 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$2.01.

QTI free cash flowQ2 2026-$5.01M

QTI free cash flow was -$5.01M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.49M a year earlier. For the full fiscal 2025 it was -$9.08M, compared with -$10.12M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue$18.93M$4.88M$40.4K$0
Cost of revenue$10.34M$2.24M$135.0K-
Gross profit$8.58M$2.64M-$94.6K-
Research and development$3.94M$3.27M$1.49M-
Selling, general and admin$9.09M$11.55M$3.43M$4.28M
Operating income-$4.44M-$12.18M-$5.01M-$4.28M
Interest expense--$219.7K$23.1K
Pre-tax income-$21.08M-$9.00M-$6.10M-$2.29M
Income tax-$1.0K-$16.0K$1.6K$486.6K
Net income-$21.08M-$8.98M-$6.10M-$2.77M
EPS, basic-$2.01-$2.13-$0.64-$0.60
EPS, diluted-$2.01-$2.13-$0.64-$0.60
Diluted shares10.5M6.7M9.5M6.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Cash and equivalents$10.41M$1.17M$184.7K$475.1K
Receivables$5.78M$67.0K$1.3K-
Inventory$5.03M$3.14M$4.42M-
Current assets$22.09M$4.92M$4.82M$250.7K
Total assets$23.02M$6.09M$6.71M$41.95M
Current liabilities$7.87M$9.79M$7.34M$4.19M
Total debt$10.11M$9.93M--
Total liabilities$16.58M$15.63M$12.02M$13.42M
Shareholders' equity$6.45M-$9.54M-$5.31M-$1.51M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Operating cash flow-$8.96M-$10.03M-$2.65M-$1.26M
Capital expenditures$124.0K$88.0K$13.0K-
Free cash flow-$9.08M-$10.12M-$2.66M-
Investing cash flow-$124.0K-$88.0K-$13.0K$192.24M
Financing cash flow$18.35M$11.13M$2.37M-$191.32M
Stock-based compensation$801.0K$290.0K$709.4K-
Depreciation and amortization$131.0K$231.0K$480.7K-

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue growth, YoY287.9%11990.2%--
Gross margin45.4%54.1%-234.5%-
Operating margin-23.4%-249.6%-12409.8%-
Net margin-111.4%-184.2%-15113.2%-
Free cash flow margin-48.0%-207.4%-6601.9%-
Return on equity-327.1%---
Return on assets-91.6%-147.6%-90.9%-6.6%
Current ratio2.810.500.660.06
Debt to equity1.57---

Source: XBRL data QT Imaging Holdings 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 are as filed. The filings show no stock split in these periods.

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.

QTI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
QTI$26.43M+220.0%-$20.42M-77.3%$33.5M
MDT$37.54B+9.8%$5.24B14.0%$131.48B
LIVN$1.51B+11.7%$196.06M13.0%$5.10B
ITGR$1.83B-0.3%$103.70M5.7%$4.30B
TMDX$727.65M+28.5%$144.45M19.9%$3.26B
AXGN$266.93M+24.3%-$31.92M-12.0%$3.02B
CNMD$1.37B+1.6%$73.43M5.4%$1.55B
CBLL$108.72M+31.3%-$73.88M-68.0%$1.07B
INMD$370.50M-6.2%$93.83M25.3%$776.6M

QTI FAQ

9 questions
  • What is QTI revenue?
    QT Imaging Holdings Inc. (QTI) reported $26.43M of revenue for the twelve months ended Jun 30, 2026. That is up 220.0% from the year before. Revenue for fiscal 2025 was $18.93M.
  • Is QTI profitable?
    No. QT Imaging Holdings Inc. reported a net loss of $20.42M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does QTI have?
    QT Imaging Holdings Inc. reported $10.92M in cash and cash equivalents and $11.40M of debt on its most recent balance sheet in SEC filings.
  • How fast is QTI revenue growing?
    QT Imaging Holdings Inc.'s revenue changed +287.9% in fiscal 2025, to $18.93M.
  • What is QTI gross margin?
    QT Imaging Holdings Inc.'s gross profit was $10.68M on $26.43M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 40.4%.
  • What is QTI free cash flow?
    QT Imaging Holdings Inc. generated -$12.74M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$12.47M less capital expenditures.
  • What is QTI earnings per share?
    Diluted earnings per share were -$1.38 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did QTI last report financial results?
    The latest statements here come from QT Imaging Holdings Inc.'s 10-Q filed on Aug 12, 2026, covering the period ended Jun 30, 2026.
  • Where does this QTI financial data come from?
    Quantisnow builds these statements from the structured XBRL data QT Imaging Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.