QT Imaging Holdings, Inc. (QTIH) Financial Statements
Industry: Electromedical & Electrotherapeutic Apparatus
In fiscal 2025, QT Imaging reported revenue of $18.9M, up 287.9% from $4.9M the year before. Net income was -$21.1M (a -111.4% net margin), or -$2.01 per diluted share. Gross margin was 45.4% and operating margin was -23.4%. Operating activities generated -$9.0M of cash, leaving -$9.1M of free cash flow. At fiscal year end, QT Imaging held $23.0M in total assets against $16.6M in total liabilities, including $10.4M of cash and equivalents.
Open the full interactive QT Imaging financials → Quarterly statements, key ratios, valuation history and price charts.
QT Imaging Key Stats
| Share Price | $2.45 |
|---|---|
| Market Cap | $36.3M |
| Revenue YoY Growth | +287.9% |
| 52-Week Range | $2.45 – $34.50 |
| Shares Outstanding | 14.8 million (basic, 2026 Q2) |
QT Imaging Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $4.9M | $18.9M |
| Cost of Goods Sold | — | — | $2.2M | $10.3M |
| Gross Profit | — | — | $2.6M | $8.6M |
| Operating Income | -$4.3M | -$4.9M | -$12.2M | -$4.4M |
| Pre-Tax Income | -$2.3M | -$3.6M | -$9.0M | -$21.1M |
| Income Tax | $486,615 | $419,119 | -$15,783 | -$1,000 |
| Net Income | -$2.8M | -$4.0M | -$9.0M | -$21.1M |
| Diluted EPS | -$9.00 | -$11.70 | -$10.65 | -$2.01 |
QT Imaging Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.2M | $8.3M | $6.5M | $7.4M |
| Net Income | -$4.6M | -$1.4M | -$3.4M | -$11.1M |
| Diluted EPS | -$0.47 | -$0.13 | -$0.25 | -$0.75 |
QT Imaging Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | — | — | — | $10.4M |
| Current Assets | $250,704 | $96,446 | $4.9M | $22.1M |
| Total Assets | $41.9M | $23.4M | $6.1M | $23.0M |
| Current Liabilities | $4.2M | $12.7M | $9.8M | $7.9M |
| Total Long-Term Debt | — | — | $9.9M | $10.1M |
| Total Liabilities | $13.4M | $12.7M | $15.6M | $16.6M |
| Shareholders' Equity | -$13.1M | -$12.5M | -$9.5M | $6.4M |
QT Imaging Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | -$1.3M | -$1.9M | -$10.0M | -$9.0M |
| Cash From Investing | $192.2M | $19.9M | -$87,790 | -$124,000 |
| Cash From Financing | -$191.3M | -$18.1M | $11.1M | $18.4M |
| Free Cash Flow | — | — | -$10.1M | -$9.1M |
Figures from QT Imaging's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full QT Imaging financials page for every line item.
QT Imaging Company Profile
| Ticker | QTIH |
|---|---|
| Exchange | Nasdaq, OTC |
| Industry | Electromedical & Electrotherapeutic Apparatus |
| Headquarters | Novato, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001844505 |
Frequently Asked Questions
What was QT Imaging's revenue in fiscal 2025?
QT Imaging (QTIH) reported revenue of $18.9M for fiscal 2025.
What is QT Imaging's annual revenue history?
QT Imaging's annual revenue by fiscal year: 2022: $0; 2023: $0; 2024: $4.9M; 2025: $18.9M.
What was QT Imaging's net income in fiscal 2025?
QT Imaging reported net income of -$21.1M for fiscal 2025.
What was QT Imaging's earnings per share (EPS) in fiscal 2025?
QT Imaging's diluted EPS was -$2.01 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did QT Imaging generate in fiscal 2025?
QT Imaging generated -$9.1M of free cash flow in fiscal 2025.
What was QT Imaging's revenue last quarter?
In its most recent reported quarter (2026 Q2), QT Imaging reported revenue of $7.4M.
How much debt does QT Imaging have?
QT Imaging reported $10.1M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of QT Imaging are outstanding?
QT Imaging reported a weighted average of 14.8 million basic shares outstanding in 2026 Q2.
What is QT Imaging's market cap?
Based on its latest closing price, QT Imaging (QTIH) has a market capitalization of about $36.3M.
When does QT Imaging's fiscal year end?
QT Imaging's fiscal year end, as registered with the SEC, is December 31.
Where is QT Imaging headquartered?
QT Imaging lists its business address in Novato, California in its SEC filings.