QTI · XBRL financial data
QT Imaging Holdings financial statements, every fiscal year
The same tables from 7 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 (QTI's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | †Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | — | — |
| Revenue from contracts with customers | — | — | 40 | 4,879 | 18,925 |
| Cost of goods and services sold | — | — | 135 | 2,239 | 10,341 |
| Gross profit | — | — | (95) | 2,640 | 8,584 |
| Research and development | — | — | 1,486 | 3,267 | 3,936 |
| Selling, general and administrative | — | — | 3,428 | 11,550 | 9,085 |
| General and administrative | — | 4,279 | 4,928 | — | — |
| Total operating expenses | — | — | 4,913 | 14,817 | 13,021 |
| Operating income (loss) | — | (4,279) | (4,928) | (12,177) | (4,437) |
| Interest income | — | 1,630 | 1,527 | — | — |
| Interest expense | — | 23 | 220 | — | — |
| Other income (expense) | — | 384 | 15 | (561) | (16,647) |
| Income tax expense (benefit) | — | 487 | 419 | (16) | (1) |
| Net income (loss) | — | (2,774) | (4,025) | (8,985) | (21,083) |
| Earnings per share, basic‡ USD per share | — | (5.41) | (7.03) | (6.40) | (6.04) |
| Earnings per share, diluted‡ USD per share | — | (5.41) | (7.03) | (6.40) | (6.04) |
| Weighted average shares, basic‡ thousands of shares | — | 726 | 726 | 2,217 | 3,489 |
| Weighted average shares, diluted‡ thousands of shares | — | 726 | 726 | 2,217 | 3,489 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-3 stock split (October 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-3.003003003003003 stock split (October 2025); filings made before it reported them unadjusted.
- † Share count changed about 1/3 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (QTI's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | †Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 422 | 475 | 185 | 1,172 | 10,412 |
| Accounts receivable | — | — | 1 | 67 | 5,781 |
| Inventory | — | — | 4,418 | 3,141 | 5,027 |
| Prepaid and other current assets | 740 | 173 | 94 | 517 | 821 |
| Total current assets | 1,162 | 251 | 96 | 4,916 | 22,091 |
| Property and equipment, net | — | — | 491 | 196 | 318 |
| Right-of-use asset | — | — | 1,267 | 935 | 573 |
| Total assets | 233,633 | 41,946 | 23,399 | 6,087 | 23,021 |
| Accounts payable | 28 | 195 | 768 | 803 | 3,580 |
| Accrued liabilities | 531 | 103 | 894 | 3,550 | 3,825 |
| Total current liabilities | 634 | 4,186 | 12,683 | 9,794 | 7,868 |
| Lease liability, non-current | — | — | 1,063 | 657 | 203 |
| Total liabilities | 10,247 | 13,418 | 12,690 | 15,625 | 16,576 |
| Accumulated deficit | (8,919) | (13,080) | (17,105) | (31,941) | (53,024) |
| Total stockholders' equity | (8,918) | (13,079) | (12,515) | (9,538) | 6,445 |
| Total liabilities and equity | 233,633 | 41,946 | 23,399 | 6,087 | 23,021 |
| Common shares outstanding (cover page)‡ thousands of shares | 3,279 | 1,062 | 2,380 | 3,070 | 4,010 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-3 stock split (October 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-3.003003003003003 stock split (October 2025); filings made before it reported them unadjusted.
- † Share count changed about 1/3 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (QTI's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | †Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | — | (2,774) | (4,025) | (8,985) | (21,083) |
| Stock-based compensation | — | — | 709 | 290 | 801 |
| Depreciation and amortization | — | — | 481 | 231 | 131 |
| Net cash from operating activities | — | (1,262) | (1,944) | (10,033) | (8,959) |
| Purchases of property and equipment | — | — | 13 | 88 | 124 |
| Net cash from investing activities | — | 192,242 | 19,920 | (88) | (124) |
| Proceeds from issuing common stock | — | — | 1,018 | 1,000 | 17,569 |
| Proceeds from long-term debt | — | — | 800 | 10,525 | 14,856 |
| Repayments of long-term debt | — | — | 129 | 1,276 | 9,702 |
| Net cash from financing activities | — | (191,323) | (18,051) | 11,129 | 18,353 |
| Net change in cash | — | (343) | (76) | 1,007 | 9,270 |
- † Share count changed about 1/3 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 3845 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 3845 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 |
|---|---|---|---|---|---|---|
| QT Imaging Holdings | 10,924 | 7,435 | (4,837)* | 14.6M | 2.3 quarters | 10-QJun 30, 2026 |
| Semler Scientific | 10,176 | 7,491 | (32,950)* | 15.2M | 0.3 quarters | 10-QSep 30, 2025 |
| Cerenome | 2,366 | 411 | (7,132)* | 7.6M | 1.2 quarters | 10-QJun 30, 2026 |
| Femasys | 1,444 | 332 | (3,936)* | 8.4M | 0.4 quarters | 10-QJun 30, 2026 |
| HeartBeam | 8,722 | not reported | (3,342)* | 56.3M | 2.6 quarters | 10-QJun 30, 2026 |
| Modular Medical | 3,920 | not reported | (5,972) | 8.2M | 0.7 quarters | 10-QJun 30, 2026 |
| DarioHealth | 6,634 | not reported | (6,083)* | 9.8M | 2.3 quarters | 10-QJun 30, 2026 |
| electroCore | 8,501 | 9,450 | (3,518)* | 9.0M | 2.9 quarters | 10-QJun 30, 2026 |
| Nephros | 4,697 | 6,017 | 681* | 10.9M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.