QUANTUM X LABS INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | — | $26.9M | $79.6M | $96.6M | $45.2M |
| Gross profit | — | — | — | — | $41,000 |
| Research and development | $69,000 | $830,000 | $2.9M | $3.3M | $2.4M |
| Operating expenses | — | — | — | — | $395,000 |
| Operating income | -$2.2M | -$837,000 | -$7.5M | $2.7M | $541,000 |
| Pretax income | -$13.4M | -$3.4M | -$8.8M | $1.3M | $681,000 |
| Income tax expense | -$39,000 | $131,000 | -$66,000 | $153,000 | $90,000 |
| Net income | -$19.3M | -$12.1M | -$7.3M | $28,000 | $300,000 |
| Balance Sheet | |||||
| Cash and equivalents | $1.0M | $24,000 | $1.8M | $4.2M | $5.2M |
| Current assets | $1.7M | $7.8M | $17.8M | $29.8M | $29.2M |
| Total assets | $10.8M | $22.0M | $43.3M | $63.7M | $51.3M |
| Current liabilities | $4.1M | $12.9M | $19.8M | $28.5M | $26.8M |
| Total debt | — | — | $9.1M | — | — |
| Stockholders' equity | $5.0M | $5.8M | $14.8M | $22.0M | $13.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$2.8M | $1.5M | $934,000 | $3.2M | $4.4M |
| Depreciation and amortization | $67,000 | $115,000 | $73,000 | $90,000 | $94,000 |
| Stock-based compensation | $75,000 | $69,000 | $135,000 | $71,000 | $43,000 |
| Capital expenditure | — | $1,000 | $16,000 | $58,000 | $311,000 |
| Free cash flow | — | $1.5M | $918,000 | $3.2M | $4.1M |
| Dividends paid | — | — | $130,000 | $73,000 | — |
| Impairments | — | $7.7M | $5.1M | — | — |
Shares outstanding 13.3M
Annual filing data through FY ended December 31, 2025; float as of July 10, 2026.