5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $19M | -$21M | 45.4% | -23.4% | -$9M | $10M | $10M |
| 2024 | $5M | -$9M | 54.1% | -249.6% | -$10M | $10M | $1M |
| 2023 | $40355 | -$6M | -234.5% | -12409.8% | -$3M | — | — |
| 2022 | — | -$3M | — | — | — | — | — |
| 2021 | — | -$1M | — | — | — | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Dec '25 | $8M | -$1M | 38.0% | -8.5% | -$3M | $10M | $10M |
| Sep '25 | $4M | -$5M | 43.0% | -39.4% | -$878750 | $15M | — |
| Jun '25 | $4M | -$4M | 49.9% | -28.5% | — | $10M | — |
| Mar '25 | $3M | -$11M | 64.7% | -37.2% | — | $10M | — |
| Dec '24 | $846832 | -$3M | 47.2% | -242.2% | -$1M | $10M | $1M |
| Sep '24 | $955970 | -$4M | 63.3% | -243.4% | -$2M | $10M | — |
| Jun '24 | $2M | -$1M | 51.0% | -129.5% | — | $12M | — |
| Mar '24 | $1M | -$628590 | 55.8% | -409.5% | — | $12M | — |
| Dec '23 | $4951 | -$2M | -1142.0% | -16436.5% | -$672416 | — | — |
| Sep '23 | $24657 | -$1M | 3.5% | -5041.6% | -$469245 | — | — |
| Jun '23 | $3183 | -$1M | 1.9% | -37650.8% | — | — | — |
| Mar '23 | $7564 | -$2M | -515.8% | -23171.1% | — | — | — |
| Dec '22 | — | -$1M | — | — | — | — | — |
| Sep '22 | — | -$395766 | — | — | — | — | — |
| Jun '22 | — | -$636074 | — | — | — | — | — |
| Mar '22 | — | -$369935 | — | — | — | — | — |
| Dec '21 | — | -$867753 | — | — | — | — | — |
| Sep '21 | — | -$204228 | — | — | — | — | — |
| Jun '21 | — | $0 | — | — | — | — | — |
| Mar '21 | — | -$35749 | — | — | — | — | — |
How the market has priced QTI against its own fundamentals since 2024-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, QT IMAGING HOLDINGS, INC.'s revenue has grown 2065.6% per year. These are computed facts, not advice.
As of FY2025, QT IMAGING HOLDINGS, INC. reported $10M of total debt against $10M of cash.
In FY2025, gross margin was 45.4%, operating margin -23.4%, and net margin -111.4%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.