InsiderClue
Stocks · Health care · Electromedical & Electrotherapeutic Apparatus

QT IMAGING HOLDINGS, INC.

QTI Clue Score58
United States Fiscal year ends December CIK 0001844505
$2.68 +3.08% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.68 −61.71% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 28 Jan 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Operating income−1.1Net income−1.1EPS, diluted−0.14Fiscal year 2022Revenue0.0Operating income−4.3Net income−2.8EPS, diluted−0.60Fiscal year 2023Revenue0.0Operating income−5.0Net income−6.1EPS, diluted−0.64Fiscal year 2024Revenue4.9 +11,990.2%Operating income−12.2Net income−9.0EPS, diluted−2.13Fiscal year 2025Revenue18.9 +287.9%Operating income−4.4Net income−21.1EPS, diluted−2.01
FY2021FY2022FY2023FY2024FY2025
Revenue n/a 0.0 0.0 4.9 18.9
Growth +11,990.2% +287.9%
Operating income −1.1 −4.3 −5.0 −12.2 −4.4
Net income −1.1 −2.8 −6.1 −9.0 −21.1
Growth
EPS, diluted −0.14 −0.60 −0.64 −2.13 −2.01

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Fiscal year 2022Fiscal year 2023Gross margin−234.5%Operating margin−12,409.8%Net margin−15,113.2%Free cash flow margin−6,601.9%Fiscal year 2024Gross margin54.1%Operating margin−249.6%Net margin−184.2%Free cash flow margin−207.4%Fiscal year 2025Gross margin45.4%Operating margin−23.4%Net margin−111.4%Free cash flow margin−48.0%
FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a −234.5% 54.1% 45.4%
Operating margin n/a n/a −12,409.8% −249.6% −23.4%
Net margin n/a n/a −15,113.2% −184.2% −111.4%
Free cash flow margin n/a n/a −6,601.9% −207.4% −48.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow−1.4Fiscal year 2022Operating cash flow−1.3Fiscal year 2023Operating cash flow−2.7Capital expenditure−0.0Free cash flow−2.7Fiscal year 2024Operating cash flow−10.0Capital expenditure−0.1Free cash flow−10.1Fiscal year 2025Operating cash flow−9.0Capital expenditure−0.1Free cash flow−9.1
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.4 −1.3 −2.7 −10.0 −9.0
Capital expenditure n/a n/a −0.0 −0.1 −0.1
Free cash flow n/a n/a −2.7 −10.1 −9.1
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Shareholders’ equity−8.9Fiscal year 2022Cash0.5Shareholders’ equity−13.1Fiscal year 2023Cash0.2Shareholders’ equity−5.3Fiscal year 2024Cash1.2Total debt9.9Net cash (debt)−8.8Shareholders’ equity−9.5Fiscal year 2025Cash10.4Total debt10.1Net cash (debt)0.3Shareholders’ equity6.4Debt to equity1.57
FY2021FY2022FY2023FY2024FY2025
Cash n/a 0.5 0.2 1.2 10.4
Total debt n/a n/a n/a 9.9 10.1
Net cash (debt) n/a n/a n/a −8.8 0.3
Shareholders’ equity −8.9 −13.1 −5.3 −9.5 6.4
Debt to equity n/a n/a n/a n/a 1.57

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a −234.5% 54.1% 45.4%
n/a n/a −12,409.8% −249.6% −23.4%
n/a n/a −15,109.3% −184.5% −111.4%
n/a n/a −15,113.2% −184.2% −111.4%
n/a n/a −6,601.9% −207.4% −48.0%
Spending
n/a n/a 3,681.4% 67.0% 20.8%
n/a n/a 8,493.8% 236.7% 48.0%
n/a n/a 32.3% 1.8% 0.7%
Returns
n/a n/a n/a n/a −327.1%
−0.5% −6.6% −90.9% −147.6% −91.6%
Balance and payout
n/a n/a n/a n/a 1.57
4.4% 32.0% 179.2% 256.7% 72.0%