QUAD · XBRL financial data

Quad/Graphics financial statements, every fiscal year

The same tables from 8 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 (QUAD's year ends in late December)

In millions 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 from contracts with customers	2,930	2,960	3,217	2,958	2,672	2,420
Cost of goods and services sold	2,335	2,390	2,619	2,381	2,092	1,897
Research and development	3	3	3	3	3	3
Selling, general and administrative	335	326	359	345	357	326
Operating income (loss)	(46)	93	54	26	19	97
Interest expense	69	60	48	70	65	51
Income tax expense (benefit)	0	10	8	13	6	6
Net income (loss)	(128)	38	—	—	—	—
Earnings per share, basic USD per share	(2.53)	0.74	0.18	(1.14)	(1.07)	0.57
Earnings per share, diluted USD per share	(2.53)	0.71	0.18	(1.14)	(1.07)	0.54
Weighted average shares, basic millions of shares	51	51	51	48	48	48
Weighted average shares, diluted millions of shares	51	53	53	48	48	50

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

In millions 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	55	180	25	53	29	63
Inventory	170	226	261	179	162	144
Prepaid and other current assets	55	41	46	40	70	37
Total current assets	679	809	705	588	534	538
Property and equipment, net	884	727	672	621	500	462
Right-of-use asset	81	126	111	97	79	68
Goodwill	103	86	86	103	100	108
Total assets	1,928	1,890	1,702	1,510	1,299	1,253
Accounts payable	320	367	457	374	357	342
Accrued liabilities	311	314	249	238	289	212
Current portion of long-term debt	21	246	61	152	28	47
Total current liabilities	683	957	795	791	699	624
Long-term debt	903	555	507	363	349	323
Lease liability, non-current	55	100	87	77	61	50
Total liabilities	1,843	1,753	1,529	1,390	1,249	1,124
Accumulated deficit	(566)	(528)	(519)	(574)	(635)	(623)
Total stockholders' equity	84	137	173	(118)	50	(60)
Total liabilities and equity	1,928	1,890	1,702	1,510	1,299	1,253

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

In millions 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)	(128)	38	—	—	—	—
Stock-based compensation	11	6	6	6	7	7
Net cash from operating activities	190	137	155	148	113	96
Purchases of property and equipment	61	50	60	71	57	45
Net cash from investing activities	10	129	(61)	(46)	13	(28)
Share repurchases	—	0	10	13	0	8
Dividends paid	10	1	1	0	9	14
Net cash from financing activities	(224)	(141)	(249)	(74)	(149)	(36)
Net change in cash	(24)	125	(155)	28	(24)	32

SIC 2750 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 2750 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 (2750) 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-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.
A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Quad/Graphics	23	587	(22)*	not reported	0.7 quarters	Q3 FY26 10-QSep 30, 2026
CPI Card Group	21	149	29*	11.5M	—	Q2 FY26 10-QJun 30, 2026
CIMPRESSadded: same SIC	120	934	29	24.6M	—	Q1 FY27 10-QSep 30, 2026
Cre8 Enterpriseadded: same SIC	55	year only	year only	not reported	—	Q4 FY25 20-FDec 31, 2025
3DX Industriesadded: same SIC	0	0.1	(0.1)*	37.5M	0.1 quarters	Q3 FY15 10-QJul 31, 2015
Discount Print USAadded: same SIC	not reported	not reported	not reported	not reported	—	—
Millennium Group International Holdingsadded: same SIC	5.6	year only	year only	11.3M	—	Q4 FY26 20-FJun 30, 2026
Samfine Creation Holdings Groupadded: same SIC	31	not reported	year only	not reported	—	Q4 FY25 20-FDec 31, 2025

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