QUALITY INDL CORP Financials

QIND

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows QUALITY INDL CORP (QIND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Financial Health Signals

Altman Z-Score Distress

-0.70

QUALITY INDL CORP scores -0.70, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.8M) relative to total liabilities ($16.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

6/9

QUALITY INDL CORP passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass.

Earnings Quality Mixed

-2.21x

For every $1 of reported earnings, QUALITY INDL CORP generates $-2.21 in operating cash flow ($1.2M OCF vs -$523K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

7.2x

QUALITY INDL CORP earns $7.2 in operating income for every $1 of interest expense ($683K vs $95K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Revenue

$11.2M

QUALITY INDL CORP generated $11.2M in revenue in fiscal year 2024.

EBITDA

$807K

YoY+129.2%

QUALITY INDL CORP's EBITDA was $807K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 129.2% from the prior year.

Free Cash Flow

N/A

Net Income

-$523K

YoY+87.6%

QUALITY INDL CORP reported -$523K in net income in fiscal year 2024. This represents an increase of 87.6% from the prior year.

EPS (Diluted)

$0.00

YoY+100.0%

QUALITY INDL CORP earned $0.00 per diluted share (EPS) in fiscal year 2024. This represents an increase of 100.0% from the prior year.

Cash & Debt

$226K

YoY+8952.2%

5Y CAGR+11.4%

QUALITY INDL CORP held $226K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

122M

YoY-4.0%

5Y CAGR+3.1%

QUALITY INDL CORP had 122M shares outstanding in fiscal year 2024. This represents a decrease of 4.0% from the prior year.

Gross Margin

35.5%

QUALITY INDL CORP's gross margin was 35.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.

Operating Margin

6.1%

QUALITY INDL CORP's operating margin was 6.1% in fiscal year 2024, reflecting core business profitability.

Net Margin

-4.7%

QUALITY INDL CORP's net profit margin was -4.7% in fiscal year 2024, showing the share of revenue converted to profit.

Return on Equity

N/A

R&D Spending

$1K

YoY-12.3%

5Y CAGR-16.3%

QUALITY INDL CORP invested $1K in research and development in fiscal year 2024. This represents a decrease of 12.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

QIND Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$11.2M	N/A	$65.6M	N/A	N/A	N/A
Cost of Revenue	$7.2M	N/A	$44.8M	N/A	N/A	N/A
Gross Profit	$4.0M	N/A	$20.8M	N/A	N/A	$44K
R&D Expenses	$1K-12.3%	$1K-95.0%	$26K-99.5%	$4.8M+80623.9%	$6K+110.5%	$3K
SG&A Expenses	$2.4M-0.9%	$2.5M-78.1%	$11.2M+3282.3%	$332K+519.6%	$54K+183.2%	$19K
Operating Income	$683K+124.7%	-$2.8M-556.2%	-$422K+91.2%	-$4.8M-144.9%	-$1.9M-3805.3%	-$50K
Interest Expense	$95K+952.2%	$9K+100.2%	-$3.8M-86218.7%	-$4K-162.9%	$7K	N/A
Income Tax	$156K	$0	N/A	N/A	N/A	N/A
Net Income	-$523K+87.6%	-$4.2M-4014.9%	-$103K+97.9%	-$4.8M-144.8%	-$2.0M+32.3%	-$2.9M
EPS (Diluted)	$0.00+100.0%	$-0.04	$0.00+100.0%	$-0.05	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$3.5M-12.3%	$4.0M+10.7%	$3.6M+71.5%	$2.1M-20.7%	$2.7M-19.8%	$3.3M+7.5%	$3.1M	N/A
Cost of Revenue	$2.3M-14.4%	$2.7M+0.9%	$2.7M+64.4%	$1.6M+2.6%	$1.6M-23.6%	$2.1M+6.5%	$1.9M	N/A
Gross Profit	$1.2M-8.2%	$1.3M+38.2%	$955K+95.1%	$490K-54.7%	$1.1M-13.4%	$1.2M+9.1%	$1.1M	N/A
R&D Expenses	N/A	N/A	$4K	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4M+70.2%	$825K-55.4%	$1.9M+106.7%	$895K+19.2%	$751K+0.1%	$751K+2184.8%	$33K	N/A
Operating Income	-$286K-164.9%	$440K+146.5%	-$947K-474.0%	$253K+197.3%	$85K-80.0%	$426K+624.4%	-$81K	N/A
Interest Expense	$12K-57.2%	$27K-15.2%	$32K	N/A	$56K+177.0%	$20K	N/A	N/A
Income Tax	$38K-33.6%	$57K+111.8%	$27K-64.5%	$76K+111.4%	$36K-17.8%	$44K	$0	N/A
Net Income	-$264K-34.9%	-$196K+86.1%	-$1.4M-326.7%	-$330K+33.8%	-$498K-610.1%	$98K-52.8%	$207K	N/A
EPS (Diluted)	$0.00	$0.00+100.0%	$-0.01	$0.00	$0.00	$0.00	$0.00	N/A

QIND Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$18.1M+105.0%	$8.8M+771.3%	$1.0M+348.5%	$226K+9.2%	$207K+57.3%	$132K
Current Assets	$7.5M+272.9%	$2.0M+14108.1%	$14K-11.0%	$16K-92.4%	$207K+57.3%	$132K
Cash & Equivalents	$226K+8952.2%	$2K-99.8%	$1.3M+8282.2%	$16K-20.0%	$20K-85.1%	$132K
Inventory	$1.2M	N/A	$1.2M	N/A	N/A	N/A
Accounts Receivable	$3.2M	N/A	$37.8M	N/A	N/A	N/A
Goodwill	$8.4M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$16.1M+99.1%	$8.1M+570.4%	$1.2M+102.8%	$595K+158.6%	$230K+284.4%	$60K
Current Liabilities	$11.4M+96.5%	$5.8M+5302.1%	$107K-82.0%	$595K+158.6%	$230K+284.4%	$60K
Long-Term Debt	N/A	$333K	N/A	N/A	N/A	N/A
Total Equity	$2.0M+168.6%	$743K+485.4%	-$193K+47.7%	-$369K-1501.5%	-$23K-132.1%	$72K
Retained Earnings	-$17.2M-3.1%	-$16.7M-33.9%	-$12.5M-0.8%	-$12.4M-63.1%	-$7.6M-34.7%	-$5.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$20.0M+6.4%	$18.8M+2.5%	$18.3M+1.1%	$18.1M+6.1%	$17.1M+3.4%	$16.5M-4.2%	$17.2M+95.0%	$8.8M
Current Assets	$8.6M+8.6%	$7.9M+4.2%	$7.6M+1.7%	$7.5M+17.6%	$6.3M+8.1%	$5.9M-19.0%	$7.2M+261.7%	$2.0M
Cash & Equivalents	$972K+227.4%	$297K-17.7%	$360K+59.8%	$226K+1.8%	$222K+118.9%	$101K-11.6%	$114K+4493.6%	$2K
Inventory	$922K-2.1%	$941K-13.1%	$1.1M-11.5%	$1.2M+10.1%	$1.1M+0.7%	$1.1M-21.5%	$1.4M	N/A
Accounts Receivable	$4.0M+5.4%	$3.8M+24.0%	$3.1M-3.7%	$3.2M+36.6%	$2.3M+11.1%	$2.1M-21.8%	$2.7M	N/A
Goodwill	$8.4M0.0%	$8.4M0.0%	$8.4M0.0%	$8.4M-0.8%	$8.5M0.0%	$8.5M0.0%	$8.5M	N/A
Total Liabilities	$18.3M+4.7%	$17.5M+0.9%	$17.3M+7.6%	$16.1M+6.7%	$15.1M+2.9%	$14.7M-0.6%	$14.8M+82.5%	$8.1M
Current Liabilities	$15.8M+13.8%	$13.9M+9.8%	$12.6M+11.1%	$11.4M+12.3%	$10.1M+16.2%	$8.7M+21.1%	$7.2M+24.4%	$5.8M
Long-Term Debt	$302K+121.8%	$136K+79.4%	$76K	N/A	N/A	$432K+20.9%	$358K+7.3%	$333K
Total Equity	$1.7M+30.1%	$1.3M+31.9%	$966K-51.6%	$2.0M+2.8%	$1.9M+3.7%	$1.9M-26.1%	$2.5M+240.8%	$743K
Retained Earnings	-$19.1M-1.4%	-$18.8M-1.1%	-$18.6M-8.2%	-$17.2M-2.6%	-$16.8M-2.9%	-$16.3M+0.7%	-$16.4M+1.7%	-$16.7M

QIND Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$1.2M-51.0%	$2.4M+668.2%	-$415K-1.4%	-$409K-136.3%	-$173K-111.6%	-$82K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$6K+99.9%	-$5.5M-450.0%	-$1.0M	N/A	N/A	N/A
Financing Cash Flow	-$926K-129.5%	$3.1M+123.9%	$1.4M+246.1%	$405K+563.3%	$61K-29.4%	$87K
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	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$1.3M-645.7%	-$180K+46.3%	-$335K-401.5%	$111K+157.3%	-$194K-113.8%	$1.4M+924.3%	-$171K-103.3%	$5.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$3K	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$174K	N/A
Investing Cash Flow	-$992K-4911.2%	-$20K+90.1%	-$200K-10907.2%	-$2K-2.9%	-$2K+98.4%	-$114K-201.8%	$112K+101.9%	-$6.0M
Financing Cash Flow	$3.0M+2112.9%	$136K-79.7%	$670K+736.2%	-$105K-133.3%	$316K+124.1%	-$1.3M-864.4%	$171K-79.0%	$816K
Dividends Paid	N/A	N/A	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	N/A	N/A

QIND Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	35.5%	N/A	31.6%	N/A	N/A	N/A
Operating Margin	6.1%	N/A	-0.6%	N/A	N/A	N/A
Net Margin	-4.7%	N/A	-0.2%	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-2.9%+45.0pp	-47.9%-37.8pp	-10.1%+2105.6pp	-2115.8%-1172.0pp	-943.8%+1251.2pp	-2195.0%
Current Ratio	0.66+0.3	0.35+0.2	0.13+0.1	0.03-0.9	0.90-1.3	2.20
Debt-to-Equity	8.07+7.6	0.45+6.7	-6.26-4.6	-1.61+8.4	-9.99-10.8	0.83
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	34.5%+1.6pp	32.9%+6.5pp	26.4%+3.2pp	23.2%-17.4pp	40.6%+3.0pp	37.6%+0.6pp	37.1%	N/A
Operating Margin	-8.1%-19.1pp	11.0%+37.1pp	-26.2%-38.1pp	12.0%+8.8pp	3.2%-9.6pp	12.8%+15.5pp	-2.6%	N/A
Net Margin	-7.5%-2.6pp	-4.9%+33.9pp	-38.8%-23.2pp	-15.6%+3.1pp	-18.7%-21.6pp	2.9%-3.8pp	6.7%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	5.2%-3.0pp	8.2%	N/A
Return on Assets	-1.3%-0.3pp	-1.0%+6.6pp	-7.7%-5.9pp	-1.8%+1.1pp	-2.9%-3.5pp	0.6%-0.6pp	1.2%	N/A
Current Ratio	0.55-0.0	0.57-0.0	0.60-0.1	0.66+0.0	0.63-0.0	0.67-0.3	1.01+0.7	0.35
Debt-to-Equity	0.18+0.1	0.11+0.0	0.08-8.0	8.07+0.3	7.78+7.5	0.23+0.1	0.14-0.3	0.45
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	-5.6%	N/A

Note: The current ratio is below 1.0 (0.66), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is QUALITY INDL CORP's annual revenue?

QUALITY INDL CORP (QIND) reported $11.2M in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is QUALITY INDL CORP profitable?

No, QUALITY INDL CORP (QIND) reported a net income of -$523K in fiscal year 2024, with a net profit margin of -4.7%.

What is QUALITY INDL CORP's earnings per share (EPS)?

QUALITY INDL CORP (QIND) reported diluted earnings per share of $0.00 for fiscal year 2024. This represents a 100.0% change compared to the previous fiscal year. 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.

What is QUALITY INDL CORP's EBITDA?

QUALITY INDL CORP (QIND) had EBITDA of $807K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is QUALITY INDL CORP's gross margin?

QUALITY INDL CORP (QIND) had a gross margin of 35.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is QUALITY INDL CORP's operating margin?

QUALITY INDL CORP (QIND) had an operating margin of 6.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is QUALITY INDL CORP's net profit margin?

QUALITY INDL CORP (QIND) had a net profit margin of -4.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is QUALITY INDL CORP's operating cash flow?

QUALITY INDL CORP (QIND) generated $1.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are QUALITY INDL CORP's total assets?

QUALITY INDL CORP (QIND) had $18.1M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does QUALITY INDL CORP spend on research and development?

QUALITY INDL CORP (QIND) invested $1K in research and development during fiscal year 2024.

How many shares does QUALITY INDL CORP have outstanding?

QUALITY INDL CORP (QIND) had 122M shares outstanding as of fiscal year 2024.

What is QUALITY INDL CORP's current ratio?

QUALITY INDL CORP (QIND) had a current ratio of 0.66 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is QUALITY INDL CORP's debt-to-equity ratio?

QUALITY INDL CORP (QIND) had a debt-to-equity ratio of 8.07 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is QUALITY INDL CORP's return on assets (ROA)?

QUALITY INDL CORP (QIND) had a return on assets of -2.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is QUALITY INDL CORP's Altman Z-Score?

QUALITY INDL CORP (QIND) has an Altman Z-Score of -0.70, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is QUALITY INDL CORP's Piotroski F-Score?

QUALITY INDL CORP (QIND) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are QUALITY INDL CORP's earnings high quality?

QUALITY INDL CORP (QIND) has an earnings quality ratio of -2.21x, considered mixed quality. 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.

Can QUALITY INDL CORP cover its interest payments?

QUALITY INDL CORP (QIND) has an interest coverage ratio of 7.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.