QSEP · XBRL financial data

QS Energy financial statements, every fiscal year

The same tables from 6 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

Fiscal years (QSEP's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	0	0	0	0	0	0
Research and development	355	350	486	203	191	1,611
General and administrative	1,468	—	—	—	—	—
Total operating expenses	1,468	—	—	—	—	—
Operating income (loss)	(1,823)	(1,187)	(1,251)	(891)	(1,576)	(14,923)
Interest expense	145	—	—	—	358	389
Income tax expense (benefit)	0	0	0	0	0	2
Net income (loss)	(2,415)	(1,420)	(1,548)	(1,224)	(1,934)	(15,305)
Earnings per share, basic USD per share	(0.01)	0.00	0.00	0.00	0.00	(0.03)
Earnings per share, diluted USD per share	—	0.00	0.00	0.00	0.00	(0.03)
Weighted average shares, basic thousands of shares	316,461	336,041	361,790	385,562	404,978	499,682
Weighted average shares, diluted thousands of shares	—	336,041	361,790	385,562	404,978	499,682

Fiscal years (QSEP's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	52	114	133	70	150	6
Prepaid and other current assets	46	14	19	12	—	—
Total current assets	98	128	152	82	161	55
Property and equipment, net	16	9	6	2	3	0
Right-of-use asset	0	143	0	—	—	—
Total assets	114	280	158	84	164	55
Accounts payable	1,491	1,726	1,962	2,198	2,433	3,167
Total current liabilities	3,621	4,347	4,848	5,328	5,862	5,934
Lease liability, non-current	0	106	0	—	—	—
Total liabilities	3,621	4,453	4,848	5,328	5,862	5,934
Accumulated deficit	(121,204)	(122,594)	(124,142)	(125,366)	(127,300)	(142,605)
Total stockholders' equity	(3,507)	(4,173)	(4,690)	(5,244)	(5,698)	(5,879)
Total liabilities and equity	114	280	158	84	164	55
Common shares outstanding (cover page) thousands of shares	325,381	356,492	382,557	397,932	455,938	550,618

Fiscal years (QSEP's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(2,415)	(1,420)	(1,548)	(1,224)	(1,934)	(15,305)
Stock-based compensation	377	45	127	37	152	240
Depreciation and amortization	7	7	—	—	—	—
Net cash from operating activities	(969)	(722)	(923)	(629)	(1,167)	(4,008)
Purchases of property and equipment	0	0	1	0	2	0
Net cash from investing activities	0	0	(1)	0	(2)	0
Proceeds from issuing common stock	30	128	0	—	—	—
Proceeds from issuing equity	30	—	—	—	—	—
Net cash from financing activities	542	784	943	566	1,249	3,864

SIC 3533 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3533 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.
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-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
QS Energy	120	0	(760)*	565.3M	0.2 quarters	Q2 FY26 10-QJun 30, 2026
Gencor Industries	26,258	not reported	(16,660)*	not reported	9.9 quarters	Q3 FY26 10-QJun 30, 2026
Drilling Tools International	2,520	38,072	(2,303)*	35.3M	1.1 quarters	Q2 FY26 10-QJun 30, 2026
Forum Energy Technologies	35,169	236,813	32,031*	11.5M	—	Q3 FY26 10-QSep 30, 2026
Oil States International	22,915	169,764	5,298*	59.8M	—	Q3 FY26 10-QSep 30, 2026
Flowco Holdings	19,189	235,859	95,232*	not reported	—	Q2 FY26 10-QJun 30, 2026
Manitowoc	95,800	594,900	8,000*	36.1M	—	Q2 FY26 10-QJun 30, 2026
Columbus McKinnon	110,900	539,285	(4,559)*	28.9M	—	Q2 FY27 10-QSep 30, 2026
Hyster-Yale	72,600	812,900	16,700*	not reported	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.