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QUALITY INDL CORP Financials

QIND
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows QUALITY INDL CORP (QIND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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

Earnings Quality Low Quality
0.48x

For every $1 of reported earnings, QUALITY INDL CORP generates $0.48 in operating cash flow (-$2.6M OCF vs -$5.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-304.5x

QUALITY INDL CORP earns $-304.5 in operating income for every $1 of interest expense (-$457K vs $2K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$16.3M
YoY+45.9%

QUALITY INDL CORP generated $16.3M in revenue in fiscal year 2025. This represents an increase of 45.9% from the prior year.

EBITDA
-$312K
YoY-138.6%

QUALITY INDL CORP's EBITDA was -$312K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 138.6% from the prior year.

Net Income
-$5.4M
YoY-940.9%

QUALITY INDL CORP reported -$5.4M in net income in fiscal year 2025. This represents a decrease of 940.9% from the prior year.

EPS (Diluted)
$-0.03

QUALITY INDL CORP earned $-0.03 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
-$2.9M

QUALITY INDL CORP generated -$2.9M in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt
N/A
Dividends Per Share
N/A
Shares Outstanding
193M
YoY+58.7%
5Y CAGR+13.0%

QUALITY INDL CORP had 193M shares outstanding in fiscal year 2025. This represents an increase of 58.7% from the prior year.

Margins & Returns

Gross Margin
29.4%
YoY-6.1pp

QUALITY INDL CORP's gross margin was 29.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.1 percentage points from the prior year.

Operating Margin
-2.8%
YoY-8.9pp

QUALITY INDL CORP's operating margin was -2.8% in fiscal year 2025, reflecting core business profitability. This is down 8.9 percentage points from the prior year.

Net Margin
-33.4%
YoY-28.7pp

QUALITY INDL CORP's net profit margin was -33.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 28.7 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
$10K
YoY+765.1%
5Y CAGR+11.0%

QUALITY INDL CORP invested $10K in research and development in fiscal year 2025. This represents an increase of 765.1% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$300K

QUALITY INDL CORP invested $300K in capex in fiscal year 2025, funding long-term assets and infrastructure.

QIND Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
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 N/A $0.00 $0.00 $0.00 N/A

QIND Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
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 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
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 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
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 -15.9%-0.6pp -15.4%+130.2pp -145.5%-129.0pp -16.5%+9.1pp -25.6%-30.8pp 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

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Frequently Asked Questions

QUALITY INDL CORP (QIND) reported $16.3M in total revenue for fiscal year 2025. This represents a 45.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

QUALITY INDL CORP (QIND) revenue grew by 45.9% year-over-year, from $11.2M to $16.3M in fiscal year 2025.

No, QUALITY INDL CORP (QIND) reported a net income of -$5.4M in fiscal year 2025, with a net profit margin of -33.4%.

QUALITY INDL CORP (QIND) reported diluted earnings per share of $-0.03 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.

QUALITY INDL CORP (QIND) had EBITDA of -$312K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

QUALITY INDL CORP (QIND) had a gross margin of 29.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

QUALITY INDL CORP (QIND) had an operating margin of -2.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

QUALITY INDL CORP (QIND) had a net profit margin of -33.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

QUALITY INDL CORP (QIND) generated -$2.9M 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.

QUALITY INDL CORP (QIND) generated -$2.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

QUALITY INDL CORP (QIND) invested $300K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

QUALITY INDL CORP (QIND) invested $10K in research and development during fiscal year 2025.

QUALITY INDL CORP (QIND) had 193M shares outstanding as of fiscal year 2025.

QUALITY INDL CORP (QIND) has an earnings quality ratio of 0.48x, 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.

QUALITY INDL CORP (QIND) has an interest coverage ratio of -304.5x, meaning it can struggle to 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.

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