What is Q/C Technologies Inc's earnings per share (EPS)?

Q/C Technologies Inc (QCLS) reported diluted earnings per share of $-8.66 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Q/C Technologies Inc Financials

QCLS

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Q/C Technologies Inc (QCLS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI QCLS FY2025 2026-04-29

Q/C Technologies still runs on external capital: recurring cash burn persists even as reported operating losses have narrowed.

From FY2023 through FY2025, operating loss improved from -$17.1M to -$9.8M, but cash generation did not turn with it, showing that accounting improvement has not yet changed the funding model. In FY2025, financing inflow of $18.3M more than covered operating cash burn of -$9.1M, which is why liquidity improved without the business becoming self-financing.

The current ratio reached 3.0x in FY2025 from 1.2x in FY2023, but that stronger short-term cushion came after repeated capital raising rather than from cash retained by operations. Cash itself ended FY2025 at $987K, so the larger working-capital buffer is broader than the cash line and depends on keeping other current assets available.

R&D plus SG&A were about $7.2M in FY2025 against an operating loss of -$9.8M, which suggests the cost base is still centered on development and overhead rather than on a self-funded operating engine. Goodwill of $10.5M is about one-quarter of total assets, so balance-sheet expansion does not translate one-for-one into liquid operating resources.

Financial Health Signals

Financial health score pending refresh

We are recalculating Q/C Technologies Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

3/6

Q/C Technologies Inc passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.78x

For every $1 of reported earnings, Q/C Technologies Inc generates $0.78 in operating cash flow (-$9.1M OCF vs -$11.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$11.6M

YoY+50.2%

Q/C Technologies Inc reported -$11.6M in net income in fiscal year 2025. This represents an increase of 50.2% from the prior year.

EPS (Diluted)

$-8.66

Q/C Technologies Inc earned $-8.66 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$10.8M

Q/C Technologies Inc generated -$10.8M in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt

$987K

YoY+470.0%

5Y CAGR+46.1%

10Y CAGR+9.4%

Q/C Technologies Inc held $987K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

Q/C Technologies Inc had 4M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-53.4%

YoY+185.2pp

10Y CAGR+87.6pp

Q/C Technologies Inc's ROE was -53.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 185.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$3.5M

YoY+0.9%

5Y CAGR+7.1%

10Y CAGR+9.5%

Q/C Technologies Inc invested $3.5M in research and development in fiscal year 2025. This represents an increase of 0.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.8M

10Y CAGR+31.5%

Q/C Technologies Inc invested $1.8M in capex in fiscal year 2025, funding long-term assets and infrastructure.

QCLS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$3.5M+0.9%	$3.4M-56.3%	$7.9M-13.2%	$9.1M+34.4%	$6.7M+173.4%	$2.5M
SG&A Expenses	$3.7M-10.2%	$4.2M-23.5%	$5.4M-1.4%	$5.5M-14.0%	$6.4M+117.9%	$2.9M
Operating Income	-$9.8M+3.2%	-$10.2M+40.6%	-$17.1M-12.0%	-$15.3M+47.0%	-$28.8M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$11.6M+50.2%	-$23.4M-484.0%	-$4.0M+73.7%	-$15.2M+49.2%	-$29.9M	N/A
EPS (Diluted)	$-8.66	$-1080.87	$-5.33+54.6%	$-11.74	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$511K	N/A	$356K-59.2%	$873K-43.5%	$1.5M	N/A	$708K+76.4%	$401K
SG&A Expenses	$1.1M	N/A	$968K+8.2%	$894K+6.3%	$842K	N/A	$1.1M+8.2%	$1.0M
Operating Income	-$1.9M	N/A	-$1.8M+4.5%	-$1.9M+24.2%	-$2.5M	N/A	-$1.8M+45.8%	-$3.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.2M	N/A	-$2.8M-56.5%	-$1.8M-59.7%	-$1.1M	N/A	-$1.9M+79.8%	-$9.6M
EPS (Diluted)	$-0.19	N/A	$-2.50	$-0.18+50.0%	$-0.36	N/A	$-107.62-2270.5%	$-4.54

QCLS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$41.2M+92.2%	$21.4M+19.9%	$17.9M+1.8%	$17.5M-29.3%	$24.8M+3566.8%	$677K
Current Assets	$16.6M+76.2%	$9.4M+61.8%	$5.8M+7.7%	$5.4M-57.4%	$12.7M+8371.7%	$150K
Cash & Equivalents	$987K+470.0%	$173K-93.5%	$2.7M+257.9%	$749K+34.7%	$556K+274.9%	$148K
Inventory	N/A	N/A	N/A	N/A	N/A	$198K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$10.5M0.0%	$10.5M0.0%	$10.5M0.0%	$10.5M0.0%	$10.5M	N/A
Total Liabilities	$16.4M+41.4%	$11.6M+128.6%	$5.1M+78.9%	$2.8M+144.0%	$1.2M-80.4%	$5.9M
Current Liabilities	$5.5M-17.4%	$6.7M+34.3%	$5.0M+80.1%	$2.8M+166.3%	$1.0M-55.7%	$2.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$21.8M+122.2%	$9.8M-20.9%	$12.4M-15.8%	$14.7M-37.9%	$23.6M+549.8%	-$5.3M
Retained Earnings	-$144.1M-11.6%	-$129.1M-26.6%	-$102.0M-8.8%	-$93.8M-19.3%	-$78.6M-61.4%	-$48.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$38.3M-7.0%	$41.2M+10.6%	$37.2M+117.1%	$17.2M-8.7%	$18.8M-12.3%	$21.4M-10.9%	$24.0M-8.9%	$26.4M
Current Assets	$13.7M-17.3%	$16.6M+48.8%	$11.1M+116.3%	$5.2M-24.0%	$6.8M-28.0%	$9.4M-21.7%	$12.0M-16.2%	$14.4M
Cash & Equivalents	$1.1M+14.2%	$987K-85.7%	$6.9M+3226.5%	$208K+183.4%	$73K-57.7%	$173K-85.5%	$1.2M+122.4%	$536K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$10.5M0.0%	$10.5M0.0%	$10.5M0.0%	$10.5M0.0%	$10.5M0.0%	$10.5M0.0%	$10.5M0.0%	$10.5M
Total Liabilities	$14.6M-11.2%	$16.4M+3.3%	$15.9M+34.0%	$11.9M+17.7%	$10.1M-13.3%	$11.6M+66.4%	$7.0M-73.1%	$26.0M
Current Liabilities	$3.7M-33.3%	$5.5M-15.3%	$6.5M+17.7%	$5.6M+12.4%	$4.9M-26.3%	$6.7M-4.1%	$7.0M+20.9%	$5.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$20.7M-4.7%	$21.8M+51.9%	$14.3M+171.4%	$5.3M-39.3%	$8.7M-11.2%	$9.8M-41.6%	$16.8M+17053.9%	$98K
Retained Earnings	-$145.7M-1.1%	-$144.1M-4.8%	-$137.6M-2.8%	-$133.8M-2.1%	-$131.1M-1.5%	-$129.1M-2.5%	-$126.0M-2.2%	-$123.3M

QCLS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$9.1M-1.0%	-$9.0M+30.8%	-$13.0M-5.8%	-$12.3M+37.1%	-$19.5M	N/A
Capital Expenditures	$1.8M	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	-$10.8M	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$8.4M-38.1%	-$6.1M-430.6%	$1.8M-73.3%	$6.9M-65.2%	$19.9M	N/A
Financing Cash Flow	$18.3M+45.6%	$12.6M-3.8%	$13.1M+135.4%	$5.6M+7447.7%	$74K	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$3.3M-2.7%	-$3.2M-175.8%	-$1.2M+43.8%	-$2.1M+21.8%	-$2.6M-24.5%	-$2.1M+12.7%	-$2.4M+8.9%	-$2.7M
Capital Expenditures	$1.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	-$5.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$3.0M+125.5%	-$11.7M-680.6%	-$1.5M-168.0%	$2.2M-13.4%	$2.5M+130.6%	$1.1M-64.3%	$3.1M+128.0%	-$11.0M
Financing Cash Flow	$454K-94.9%	$9.0M	N/A	N/A	N/A	$1	$0-100.0%	$14.0M
Dividends Paid	$56K	N/A	N/A	$309K	N/A	N/A	$68K-89.1%	$625K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

QCLS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-53.4%+185.2pp	-238.6%-206.3pp	-32.3%+71.1pp	-103.4%+23.0pp	-126.4%	N/A
Return on Assets	-28.2%+80.8pp	-109.0%-86.7pp	-22.4%+64.3pp	-86.6%+33.8pp	-120.5%	N/A
Current Ratio	3.00+1.6	1.40+0.2	1.17-0.8	1.95-10.2	12.18+12.1	0.06
Debt-to-Equity	0.76-0.4	1.19+0.8	0.41+0.2	0.19+0.1	0.05	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-6.0%	N/A	-19.6%+14.4pp	-34.0%-21.1pp	-12.9%	N/A	-11.5%+9768.8pp	-9780.3%
Return on Assets	-3.3%	N/A	-7.5%+2.9pp	-10.5%-4.5pp	-6.0%	N/A	-8.0%+28.2pp	-36.3%
Current Ratio	3.71+0.7	3.00+1.3	1.71+0.8	0.93-0.4	1.37-0.0	1.40-0.3	1.72-0.8	2.48
Debt-to-Equity	0.70-0.1	0.76-0.4	1.11-1.1	2.25+1.1	1.16-0.0	1.19+0.8	0.42-265.4	265.83
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is Q/C Technologies Inc profitable?

No, Q/C Technologies Inc (QCLS) reported a net income of -$11.6M in fiscal year 2025.

What is Q/C Technologies Inc's return on equity (ROE)?

Q/C Technologies Inc (QCLS) has a return on equity of -53.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Q/C Technologies Inc's free cash flow?

Q/C Technologies Inc (QCLS) generated -$10.8M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Q/C Technologies Inc's operating cash flow?

Q/C Technologies Inc (QCLS) generated -$9.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Q/C Technologies Inc's total assets?

Q/C Technologies Inc (QCLS) had $41.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Q/C Technologies Inc's capital expenditures?

Q/C Technologies Inc (QCLS) invested $1.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Q/C Technologies Inc spend on research and development?

Q/C Technologies Inc (QCLS) invested $3.5M in research and development during fiscal year 2025.

How many shares does Q/C Technologies Inc have outstanding?

Q/C Technologies Inc (QCLS) had 4M shares outstanding as of fiscal year 2025.

What is Q/C Technologies Inc's current ratio?

Q/C Technologies Inc (QCLS) had a current ratio of 3.00 as of fiscal year 2025, which is generally considered healthy.

What is Q/C Technologies Inc's debt-to-equity ratio?

Q/C Technologies Inc (QCLS) had a debt-to-equity ratio of 0.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Q/C Technologies Inc's return on assets (ROA)?

Q/C Technologies Inc (QCLS) had a return on assets of -28.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Q/C Technologies Inc's cash runway?

Based on fiscal year 2025 data, Q/C Technologies Inc (QCLS) had $987K in cash against an annual operating cash burn of $9.1M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Q/C Technologies Inc's Piotroski F-Score?

Q/C Technologies Inc (QCLS) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Q/C Technologies Inc's earnings high quality?

Q/C Technologies Inc (QCLS) has an earnings quality ratio of 0.78x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.