Quotemedia Inc Financials

QMCI

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

This page shows Quotemedia Inc (QMCI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

Financial Profile 25/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Quotemedia Inc has an operating margin of -6.8%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 2.2% the prior year.

Growth

Quotemedia Inc's revenue declined 0.9% year-over-year, from $18.9M to $18.7M. This contraction results in a growth score of 26/100.

Leverage

Quotemedia Inc has elevated debt relative to equity (D/E of 4.34), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Quotemedia Inc's current ratio of 0.36 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

Quotemedia Inc converts 19.4% of revenue into free cash flow ($3.6M). This strong cash generation earns a score of 97/100.

Piotroski F-Score Weak

3/9

Quotemedia Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-2.77x

For every $1 of reported earnings, Quotemedia Inc generates $-2.77 in operating cash flow ($3.7M OCF vs -$1.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-510.9x

Quotemedia Inc earns $-510.9 in operating income for every $1 of interest expense (-$1.3M vs $3K). 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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Revenue

$18.7M

YoY-0.9%

5Y CAGR+9.7%

Quotemedia Inc generated $18.7M in revenue in fiscal year 2024. This represents a decrease of 0.9% from the prior year.

EBITDA

$1.8M

YoY-42.1%

5Y CAGR+0.7%

10Y CAGR+27.4%

Quotemedia Inc's EBITDA was $1.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 42.1% from the prior year.

Free Cash Flow

$3.6M

YoY+18.8%

5Y CAGR+20.4%

10Y CAGR+15.9%

Quotemedia Inc generated $3.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 18.8% from the prior year.

Net Income

-$1.3M

YoY-467.0%

Quotemedia Inc reported -$1.3M in net income in fiscal year 2024. This represents a decrease of 467.0% from the prior year.

EPS (Diluted)

$-0.01

Quotemedia Inc earned $-0.01 per diluted share (EPS) in fiscal year 2024.

Cash & Debt

$585K

YoY+71.1%

5Y CAGR-6.4%

10Y CAGR+3.3%

Quotemedia Inc held $585K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

90M

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+0.0%

Quotemedia Inc had 90M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

47.3%

YoY-3.7pp

5Y CAGR-3.6pp

Quotemedia Inc's gross margin was 47.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.7 percentage points from the prior year.

Operating Margin

-6.8%

YoY-9.0pp

5Y CAGR-11.9pp

Quotemedia Inc's operating margin was -6.8% in fiscal year 2024, reflecting core business profitability. This is down 9.0 percentage points from the prior year.

Net Margin

-7.1%

YoY-9.0pp

5Y CAGR-11.8pp

Quotemedia Inc's net profit margin was -7.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$38K

YoY-54.0%

5Y CAGR-35.0%

10Y CAGR-11.4%

Quotemedia Inc invested $38K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 54.0% from the prior year.

QMCI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$18.7M-0.9%	$18.9M+7.9%	$17.5M+15.5%	$15.2M+22.4%	$12.4M+5.2%	$11.8M
Cost of Revenue	$9.9M+6.5%	$9.3M+3.2%	$9.0M+6.3%	$8.4M+25.9%	$6.7M+15.9%	$5.8M
Gross Profit	$8.9M-8.0%	$9.6M+12.7%	$8.6M+27.0%	$6.7M+18.2%	$5.7M-5.2%	$6.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.6M+8.9%	$3.3M+11.0%	$3.0M+18.8%	$2.5M+2.4%	$2.5M+8.7%	$2.3M
Operating Income	-$1.3M-411.4%	$411K-16.1%	$491K+2286.3%	-$22K+96.5%	-$644K-207.3%	$600K
Interest Expense	$3K+35.9%	$2K-34.5%	$3K+6.7%	$3K	N/A	N/A
Income Tax	$147K+4855.5%	$3K-2.9%	$3K+196.0%	-$3K-42.3%	-$2K-173.0%	$3K
Net Income	-$1.3M-467.0%	$362K-18.6%	$444K+109.3%	$212K+132.9%	-$646K-215.6%	$559K
EPS (Diluted)	$-0.01	$0.00	$0.00	$0.00+100.0%	$-0.01	$0.00

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Revenue	$5.2M+4.6%	$4.9M+2.2%	$4.8M+3.0%	$4.7M-1.7%	$4.8M+1.0%	$4.7M-0.8%	$4.8M+3.8%	$4.6M
Cost of Revenue	$2.7M+0.4%	$2.6M-2.6%	$2.7M+17.0%	$2.3M+1.1%	$2.3M-1.2%	$2.3M+0.2%	$2.3M-2.2%	$2.4M
Gross Profit	$2.5M+9.4%	$2.3M+8.3%	$2.1M-10.7%	$2.4M-4.3%	$2.5M+3.2%	$2.4M-1.7%	$2.4M+10.4%	$2.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$705K-16.2%	$841K+19.4%	$704K-11.9%	$799K-13.5%	$924K+20.0%	$770K-9.7%	$853K+6.3%	$802K
Operating Income	-$374K+48.7%	-$730K-66.9%	-$437K-649.8%	$80K-23.6%	$104K-0.1%	$104K-15.6%	$123K-29.8%	$176K
Interest Expense	$18K+36.2%	$13K+460.5%	$2K+15.4%	$2K+150.8%	$825+104.2%	$404+127.8%	-$1K-234.8%	$1K
Income Tax	$43-98.4%	$3K-95.8%	$66K+1683.5%	$4K+401.9%	$739+198.3%	-$752-3.0%	-$730-131.5%	$2K
Net Income	-$367K+57.0%	-$854K-70.8%	-$500K-1115.4%	$49K-60.9%	$126K+72.6%	$73K-35.5%	$113K-23.9%	$149K
EPS (Diluted)	$0.00	$0.00+100.0%	$-0.01	$0.00	$0.00	$0.00	$0.00	N/A

QMCI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$7.6M+5.4%	$7.2M+9.4%	$6.6M+17.6%	$5.6M+12.7%	$5.0M+11.9%	$4.4M
Current Assets	$1.9M+11.8%	$1.7M+5.2%	$1.6M+44.3%	$1.1M-14.6%	$1.3M-18.7%	$1.6M
Cash & Equivalents	$585K+71.1%	$342K-28.4%	$478K+84.8%	$259K-38.1%	$418K-48.8%	$815K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.0M-11.9%	$1.2M+26.9%	$910K+45.8%	$624K-10.6%	$698K+2.6%	$681K
Goodwill	$110K0.0%	$110K0.0%	$110K0.0%	$110K0.0%	$110K0.0%	$110K
Total Liabilities	$6.1M-23.5%	$8.0M+3.2%	$7.8M+7.2%	$7.3M+5.6%	$6.9M+31.5%	$5.2M
Current Liabilities	$5.4M+39.8%	$3.9M+0.5%	$3.9M+19.0%	$3.2M+17.9%	$2.7M+32.7%	$2.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.4M+264.6%	-$860K+30.0%	-$1.2M+27.2%	-$1.7M+12.6%	-$1.9M-138.4%	-$811K
Retained Earnings	-$21.2M-6.7%	-$19.9M+1.8%	-$20.2M+2.2%	-$20.7M+2.1%	-$21.1M-3.2%	-$20.5M

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Total Assets	$6.2M-6.5%	$6.7M-3.3%	$6.9M-4.0%	$7.2M-3.9%	$7.5M+5.0%	$7.1M+3.5%	$6.9M+4.7%	$6.6M
Current Assets	$1.8M-3.4%	$1.9M+18.0%	$1.6M-8.8%	$1.7M-17.3%	$2.1M+7.5%	$1.9M+6.6%	$1.8M+11.0%	$1.6M
Cash & Equivalents	$281K-32.1%	$414K+139.1%	$173K-49.4%	$342K-58.3%	$821K+10.9%	$740K+9.6%	$675K+41.2%	$478K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1M+3.6%	$1.1M+2.2%	$1.1M-8.7%	$1.2M+12.3%	$1.0M+17.5%	$875K+3.3%	$847K-7.0%	$910K
Goodwill	$110K0.0%	$110K0.0%	$110K0.0%	$110K0.0%	$110K0.0%	$110K0.0%	$110K0.0%	$110K
Total Liabilities	$6.5M-1.0%	$6.6M+9.8%	$6.0M-25.7%	$8.0M-4.1%	$8.4M+2.8%	$8.2M+2.1%	$8.0M+2.5%	$7.8M
Current Liabilities	$6.2M-0.1%	$6.2M+11.0%	$5.6M+44.6%	$3.9M-5.0%	$4.1M+5.1%	$3.9M+6.7%	$3.6M-5.6%	$3.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$263K-351.4%	$104K-88.6%	$916K+206.5%	-$860K+6.2%	-$916K+12.1%	-$1.0M+6.5%	-$1.1M+9.2%	-$1.2M
Retained Earnings	-$22.9M-1.6%	-$22.5M-3.9%	-$21.7M-9.2%	-$19.9M+0.2%	-$19.9M+0.6%	-$20.0M+0.4%	-$20.1M+0.6%	-$20.2M

QMCI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$3.7M+16.9%	$3.1M+0.2%	$3.1M+45.5%	$2.2M+62.5%	$1.3M-24.8%	$1.8M
Capital Expenditures	$38K-54.0%	$82K-50.2%	$164K+74.0%	$94K-29.6%	$134K-58.8%	$326K
Free Cash Flow	$3.6M+18.8%	$3.1M+3.0%	$3.0M+44.2%	$2.1M+72.9%	$1.2M-17.1%	$1.4M
Investing Cash Flow	-$3.4M-4.6%	-$3.3M-12.5%	-$2.9M-26.7%	-$2.3M-26.3%	-$1.8M-8.8%	-$1.7M
Financing Cash Flow	N/A	$0+100.0%	-$2K+82.5%	-$12K-112.0%	$99K+218.9%	-$84K
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	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Operating Cash Flow	$138K-75.7%	$568K+351.9%	$126K-63.7%	$347K-62.6%	$927K+5.1%	$882K-11.1%	$992K+4.5%	$950K
Capital Expenditures	$15K+20.7%	$13K-10.3%	$14K+35.4%	$11K-69.1%	$34K+309.5%	$8K-71.0%	$29K-89.3%	$270K
Free Cash Flow	$123K-77.9%	$555K+398.3%	$111K-66.9%	$336K-62.3%	$893K+2.2%	$874K-9.3%	$964K+41.8%	$680K
Investing Cash Flow	-$271K+17.2%	-$327K+39.1%	-$538K+34.9%	-$826K+2.4%	-$847K-3.6%	-$817K-2.7%	-$795K-2.6%	-$775K
Financing Cash Flow	N/A	N/A	N/A	$0	$0	$0	$0	$0
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

QMCI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	47.3%-3.7pp	51.0%+2.2pp	48.8%+4.4pp	44.4%-1.6pp	46.0%-5.0pp	51.0%
Operating Margin	-6.8%-9.0pp	2.2%-0.6pp	2.8%+3.0pp	-0.1%+5.0pp	-5.2%-10.3pp	5.1%
Net Margin	-7.1%-9.0pp	1.9%-0.6pp	2.5%+1.1pp	1.4%+6.6pp	-5.2%-10.0pp	4.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-17.5%-22.6pp	5.0%-1.7pp	6.8%+3.0pp	3.8%+16.9pp	-13.1%-25.7pp	12.6%
Current Ratio	0.36-0.1	0.45+0.0	0.43+0.1	0.35-0.1	0.49-0.3	0.80
Debt-to-Equity	4.34+13.7	-9.35-3.0	-6.34-2.0	-4.31-0.7	-3.56+2.9	-6.46
FCF Margin	19.4%+3.2pp	16.2%-0.8pp	17.0%+3.4pp	13.6%+4.0pp	9.6%-2.6pp	12.2%

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Gross Margin	48.5%+2.2pp	46.3%+2.6pp	43.7%-6.7pp	50.4%-1.4pp	51.8%+1.1pp	50.7%-0.5pp	51.2%+3.0pp	48.1%
Operating Margin	-7.3%+7.5pp	-14.8%-5.7pp	-9.1%-10.8pp	1.7%-0.5pp	2.2%-0.0pp	2.2%-0.4pp	2.6%-1.2pp	3.8%
Net Margin	-7.1%+10.2pp	-17.3%-7.0pp	-10.4%-11.4pp	1.1%-1.6pp	2.6%+1.1pp	1.6%-0.8pp	2.4%-0.9pp	3.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-5.9%+6.9pp	-12.8%-5.5pp	-7.3%-8.0pp	0.7%-1.0pp	1.7%+0.7pp	1.0%-0.6pp	1.7%-0.6pp	2.3%
Current Ratio	0.290.0	0.30+0.0	0.28-0.2	0.45-0.1	0.51+0.0	0.500.0	0.50+0.1	0.43
Debt-to-Equity	-24.71-87.5	62.75+56.2	6.52+15.9	-9.35-0.2	-9.15-1.3	-7.82-0.7	-7.16-0.8	-6.34
FCF Margin	2.4%-8.9pp	11.3%+9.0pp	2.3%-4.9pp	7.2%-11.6pp	18.8%+0.2pp	18.5%-1.7pp	20.3%+5.4pp	14.9%

Note: The current ratio is below 1.0 (0.36), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Quotemedia Inc's annual revenue?

Quotemedia Inc (QMCI) reported $18.7M in total revenue for fiscal year 2024. This represents a -0.9% 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.

How fast is Quotemedia Inc's revenue growing?

Quotemedia Inc (QMCI) revenue declined by 0.9% year-over-year, from $18.9M to $18.7M in fiscal year 2024.

Is Quotemedia Inc profitable?

No, Quotemedia Inc (QMCI) reported a net income of -$1.3M in fiscal year 2024, with a net profit margin of -7.1%.

What is Quotemedia Inc's earnings per share (EPS)?

Quotemedia Inc (QMCI) reported diluted earnings per share of $-0.01 for fiscal year 2024. 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 Quotemedia Inc's EBITDA?

Quotemedia Inc (QMCI) had EBITDA of $1.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Quotemedia Inc's gross margin?

Quotemedia Inc (QMCI) had a gross margin of 47.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Quotemedia Inc's operating margin?

Quotemedia Inc (QMCI) had an operating margin of -6.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Quotemedia Inc's net profit margin?

Quotemedia Inc (QMCI) had a net profit margin of -7.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Quotemedia Inc's free cash flow?

Quotemedia Inc (QMCI) generated $3.6M in free cash flow during fiscal year 2024. This represents a 18.8% change compared to the previous fiscal year. 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 Quotemedia Inc's operating cash flow?

Quotemedia Inc (QMCI) generated $3.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Quotemedia Inc's total assets?

Quotemedia Inc (QMCI) had $7.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Quotemedia Inc's capital expenditures?

Quotemedia Inc (QMCI) invested $38K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Quotemedia Inc have outstanding?

Quotemedia Inc (QMCI) had 90M shares outstanding as of fiscal year 2024.

What is Quotemedia Inc's current ratio?

Quotemedia Inc (QMCI) had a current ratio of 0.36 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Quotemedia Inc's debt-to-equity ratio?

Quotemedia Inc (QMCI) had a debt-to-equity ratio of 4.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Quotemedia Inc's return on assets (ROA)?

Quotemedia Inc (QMCI) had a return on assets of -17.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Quotemedia Inc's Piotroski F-Score?

Quotemedia Inc (QMCI) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Quotemedia Inc's earnings high quality?

Quotemedia Inc (QMCI) has an earnings quality ratio of -2.77x, 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 Quotemedia Inc cover its interest payments?

Quotemedia Inc (QMCI) has an interest coverage ratio of -510.9x, 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.

How financially healthy is Quotemedia Inc?

Quotemedia Inc (QMCI) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.