QIND · XBRL financial data
Quality Industrial financial statements, every fiscal year
The same tables from 10 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (QIND's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Jun 30, 2023 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | 65,604 | — | — | — | — |
| Revenue from contracts with customers | — | — | — | — | 11,178 | 16,308 |
| Cost of revenue | — | 43,932 | — | — | 7,214 | 11,519 |
| Gross profit | — | 21,672 | — | — | 3,963 | 4,789 |
| Research and development | 4,843 | — | 19 | 1 | 1 | — |
| Selling, general and administrative | 332 | 11,216 | — | — | — | — |
| General and administrative | 332 | 11,216 | 4,288 | 2,389 | 2,430 | 4,874 |
| Total operating expenses | 5,175 | 11,471 | — | 2,704 | 3,280 | 5,246 |
| Other operating income (expense) | — | 457 | — | 0 | — | — |
| Operating income (loss) | (5,175) | 10,201 | — | (2,704) | 683 | (457) |
| Interest expense | 4 | (3,840) | — | 9 | 95 | 82 |
| Other income (expense) | 0 | 720 | — | — | 428 | 322 |
| Income tax expense (benefit) | — | — | — | 0 | 156 | 165 |
| Net income (loss) | (5,180) | 6,773 | — | (4,162) | (523) | (5,444) |
| Earnings per share, basic USD per share | — | 0.00 | — | (0.03) | 0.00 | (0.03) |
| Earnings per share, diluted USD per share | (0.05) | 0.07 | — | (0.03) | 0.00 | (0.03) |
| Weighted average shares, basic thousands of shares | 95,119 | 102,884 | — | 114,666 | 128,571 | 157,406 |
| Weighted average shares, diluted thousands of shares | — | 102,884 | — | 127,380 | 128,571 | 157,406 |
Balance sheet
CSVFiscal years (QIND's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Jun 30, 2023 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 16 | 1,313 | 1,708 | 2 | 226 | 427 |
| Accounts receivable | — | 37,836 | 60,409 | — | 3,206 | 5,307 |
| Inventory | — | 1,203 | 60,409 | — | 1,224 | 201 |
| Prepaid and other current assets | 0 | 10 | — | 2,354 | 259 | 210 |
| Total current assets | 16 | 111,602 | 116,687 | 2,357 | 7,467 | 7,039 |
| Property and equipment, net | — | — | — | — | 49 | 499 |
| Right-of-use asset | — | — | — | — | 203 | 370 |
| Goodwill | — | — | 56,387 | — | 8,411 | 8,411 |
| Total assets | 226 | 200,692 | 205,203 | 8,857 | 18,109 | 16,619 |
| Accounts payable | 0 | 54 | 41,010 | 167 | 2,117 | 1,158 |
| Accrued liabilities | 207 | 1,206 | 2,290 | — | — | — |
| Total current liabilities | 595 | 144,686 | 143,647 | 5,782 | 11,364 | 16,753 |
| Total deposits | — | 1,503 | 6,613 | — | — | — |
| Lease liability, non-current | — | 13,697 | — | — | 133 | 230 |
| Total liabilities | 595 | 173,815 | 171,999 | 8,113 | 16,112 | 18,304 |
| Accumulated deficit | (12,763) | (9,438) | (7,455) | (16,633) | (17,227) | (22,671) |
| Total stockholders' equity | (369) | 3,235 | 33,204 | 743 | — | — |
| Total liabilities and equity | 226 | 200,692 | 205,203 | 8,857 | 18,109 | 16,619 |
| Common shares outstanding (cover page) thousands of shares | 98,288 | 102,884 | 114,877 | 128,027 | 140,430 | 193,267 |
Cash flows
CSVFiscal years (QIND's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Jun 30, 2023 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (5,180) | 6,773 | — | (4,162) | (523) | (5,444) |
| Stock-based compensation | 4,720 | — | — | 2,233 | — | — |
| Net cash from operating activities | (409) | 44,447 | — | 2,481 | 1,155 | (2,588) |
| Purchases of property and equipment | — | — | — | — | — | 300 |
| Net cash from investing activities | — | (88,880) | — | (5,500) | (6) | (1,377) |
| Proceeds from issuing common stock | 110 | 279 | — | 2,000 | 30 | 40 |
| Proceeds from long-term debt | — | 28,029 | — | — | — | — |
| Net cash from financing activities | 405 | 45,730 | — | 3,018 | (926) | 4,166 |
| Net change in cash | (4) | 1,297 | — | — | — | — |
Compare with peers
SIC 3590 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.
How peers are chosen
- SIC 3590 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Fewer than three companies fall in that range, so the list adds same-SIC (3590) companies nearest in public float, each marked “added: same SIC”.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Quality Industrial | 150 | 3,534 | (31)* | 193.3M | 4.8 quarters | 10-QJun 30, 2026 |
| Rain Enhancement Technologies Holdcoadded: same SIC | 33 | 0* | (1,025)* | not reported | 0.0 quarters | 10-QJun 30, 2026 |
| Liqtech Internationaladded: same SIC | not reported | 4,364 | (3,096)* | 32.9M | — | 10-QJun 30, 2026 |
| NightFood Holdingsadded: same SIC | 350 | 2,446* | (2,836)* | 545.3M | 0.1 quarters | 10-KJun 30, 2026 |
| Concrete Leveling Systemsadded: same SIC | 1.1 | 0.8 | (19)* | 14.0M | 0.1 quarters | 10-QApr 30, 2026 |
| VenHub Globaladded: same SIC | 2,563 | 87 | (3,633)* | 91.4M | 0.7 quarters | 10-QJun 30, 2026 |
| Enerpac Tool Groupadded: same SIC | 174,700 | 185,732* | 60,937* | 51.3M | — | 10-KAug 31, 2026 |
| Moogadded: same SIC | 66,821 | 1,116,545 | 160,095* | not reported | — | 10-QJun 27, 2026 |
| Curtiss Wrightadded: same SIC | 477,149 | 924,008 | 181,183* | 36.9M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.