What is Quest Patent's earnings per share (EPS)?

Quest Patent (QPRC) reported diluted earnings per share of -$1.59 for fiscal year 2025. This represents a -245.7% 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.

Quest Patent Financials

QPRC

FY2025 annual

Revenue Not reported for FY2025

Net Income $2.0M +180.9% YoY

EPS (Diluted) -$1.59 -245.7% YoY

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 14, 2026 Currency USD FYE December

This page shows Quest Patent (QPRC) 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).

Rhea AI QPRC FY2025 2026-08-30

Quest Patent Research’s model swings with uneven revenue, while fixed operating costs and heavy short-term obligations magnify each reversal.

FY2023’s profit-to-cash conversion was incomplete: net income of $3.6M produced operating cash flow of $1.9M, so earnings did not fully arrive as cash. By FY2024, both measures turned negative—net loss of -$2.5M and operating cash flow of -$390K—showing the prior year’s cash generation did not represent a stable earnings base.

A liquidity squeeze is structural: FY2024’s current ratio was 0.04x while equity was -$8.7M, leaving no positive capital cushion. Total liabilities were $12.2M against $3.5M of assets, making obligations more than triple the recorded asset base.

Revenue fell from $13.2M in FY2023 to $2.8M in FY2024, exposing a cost base that is not flexible enough for uneven activity. Gross margin also narrowed from 47.5% to 34.0%, so the reversal reflected both lower volume and weaker economics after direct costs.

Financial Health Signals

Financial health score not available

Quest Patent does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/6

Quest Patent 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 No Cash Backing

$2.96used

For every $1 of reported earnings, Quest Patent used $2.96 of operating cash (-$5.9M OCF vs $2.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk

N/A

Quest Patent reported an operating loss of $7.7M against $700K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Net Income

$2.0M

YoY+180.9%

Quest Patent reported $2.0M in net income in fiscal year 2025. This represents an increase of 180.9% from the prior year.

EPS (Diluted)

-$1.59

YoY-245.7%

Quest Patent earned -$1.59 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 245.7% from the prior year.

Revenue

Not reported for fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$193K

YoY-60.0%

5Y CAGR-4.9%

10Y CAGR-5.3%

Quest Patent held $193K in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

YoY0.0%

Quest Patent had 5M shares outstanding in fiscal year 2025. That is unchanged from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

None of these metrics is reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

QPRC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

QPRC quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	N/A	N/A	$2.8M-78.7%	$13.2M+2815.0%	$451K-78.0%	$2.0M-62.6%	$5.5M+32.5%	$4.1M-41.4%	$7.1M+473.9%	$1.2M-2.6%	$1.3M+153.7%	$498K-47.0%	$941K+1161.7%	$75K	N/A	$324K
Cost of Revenue	N/A	$4.1M+248.6%	$1.2M-78.1%	$5.3M+6154.1%	$85K	N/A	N/A	$3.4M-44.3%	$6.1M+651.8%	$808K+16579.3%	$5K-63.6%	$13K-96.4%	$369K+1572.5%	$22K-71.5%	$78K-40.7%	$131K
Gross Profit	N/A	-$4.1M-528.1%	$951K-84.8%	$6.2M+4134.5%	$148K-79.9%	$735K	N/A	$759K-23.9%	$997K+135.2%	$424K-66.3%	$1.3M+159.6%	$485K-15.1%	$572K+989.0%	$52K	N/A	$194K
SG&A Expenses	N/A	$3.6M+29.3%	$2.8M+2.1%	$2.7M+38.4%	$2.0M-48.6%	$3.8M+154.2%	$1.5M+23.9%	$1.2M+27.6%	$958K+1.9%	$939K+22.5%	$767K+36.5%	$562K-21.1%	$713K	N/A	N/A	$849K
Operating Income	N/A	-$7.7M-316.4%	-$1.8M-152.7%	$3.5M+291.4%	-$1.8M+41.2%	-$3.1M-333.2%	-$719K-53.1%	-$469K-1698.7%	$29K+105.4%	-$546K+19.4%	-$677K-147.2%	-$274K-94.2%	-$141K	N/A	N/A	-$655K
Interest Expense	N/A	$700K+488.6%	$119K-50.5%	$240K+190.2%	$83K+128.4%	-$292K-136.3%	$804K-0.5%	$808K+24.1%	$651K+15.1%	$566K+67.7%	$337K+550.5%	$52K+154.3%	$20K-6.3%	$22K0.0%	$22K0.0%	$22K
Income Tax	N/A	N/A	$100K+233.3%	$30K+2494.3%	-$1K-169.4%	$2K-97.2%	$65K+1148.8%	$5K-99.5%	$1.0M+881.2%	$106K+4809.9%	$2K+25.6%	$2K+70.5%	$1K	N/A	N/A	N/A
Net Income	N/A	$2.0M+180.9%	-$2.5M-167.7%	$3.6M+584.3%	-$754K+81.9%	-$4.2M-216.6%	-$1.3M-0.3%	-$1.3M+38.0%	-$2.1M-80.7%	-$1.2M-22.2%	-$956K-191.5%	-$328K-103.0%	-$162K	N/A	N/A	-$680K
EPS (Diluted)	-$2.17	-$1.59-245.7%	-$0.46	$0.43	-$0.14+82.7%	-$0.81	$0.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$2.0M	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$900K
Cost of Revenue	$0-100.0%	$1.7M	N/A	$0	$0	$0+100.0%	-$1K-100.3%	$382K
Gross Profit	$2.0M+216.9%	-$1.7M	N/A	N/A	-$5K-37.0%	-$3K-449.6%	$1K-99.6%	$248K
SG&A Expenses	$1.1M+2.1%	$1.1M	N/A	$1.0M+2.3%	$989K+51.1%	$654K+2.3%	$639K-16.3%	$764K
Operating Income	-$1.5M+47.3%	-$2.8M	N/A	-$1.0M-1.8%	-$994K-51.1%	-$658K+25.6%	-$884K-71.3%	-$516K
Interest Expense	$186K+3.0%	$181K	N/A	$178K+3.0%	$173K+2.6%	$168K+142.4%	-$397K-368.3%	$148K
Income Tax	$330K	N/A	N/A	N/A	N/A	N/A	N/A	-$5K
Net Income	-$2.1M+27.9%	-$2.9M	N/A	-$1.2M-7.9%	-$1.1M-37.9%	-$826K+17.5%	-$1.0M-69.4%	-$591K
EPS (Diluted)	-$0.40+27.3%	-$0.55+44.4%	-$0.99-330.4%	-$0.23-9.5%	-$0.21-40.0%	-$0.15+16.7%	-$0.18-63.6%	-$0.11

Not reported in any period shown, so not listed: R&D Expenses.

QPRC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

QPRC quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$10.4M+194.8%	$3.5M-51.4%	$7.3M+493.4%	$1.2M+50.3%	$817K-76.6%	$3.5M-32.4%	$5.2M+132.9%	$2.2M-15.9%	$2.6M+13.4%	$2.3M-13.9%	$2.7M+2228.6%	$116K+473.9%	$20K-17.2%	$24K-44.2%	$44K
Current Assets	$207K-58.7%	$502K-86.1%	$3.6M+3660.2%	$96K-65.4%	$277K-78.5%	$1.3M-46.5%	$2.4M+1320.8%	$169K-1.0%	$171K-35.7%	$266K-29.9%	$379K+227.1%	$116K+473.9%	$20K-17.2%	$24K-44.2%	$44K
Cash & Equivalents	$193K-60.0%	$482K-14.5%	$563K+521.9%	$91K-65.8%	$265K+6.8%	$248K-53.9%	$537K+221.8%	$167K+0.8%	$166K-20.5%	$208K-37.2%	$332K+261.6%	$92K+57566.7%	$159-99.1%	$19K-56.0%	$42K
Inventory	N/A	N/A	N/A	N/A	$2K-97.2%	$65K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$8K0.0%	$8K-99.7%	$3.0M	N/A	N/A	$1.0M-44.2%	$1.9M	N/A	$3K-94.8%	$55K+32.3%	$42K+84.7%	$23K+433.4%	$4K-27.5%	$6K+294.3%	$1K
Total Liabilities	$27.6M+125.7%	$12.2M-9.4%	$13.5M+38.1%	$9.8M+12.0%	$8.7M-15.4%	$10.3M-6.2%	$11.0M+63.0%	$6.8M+33.4%	$5.1M+38.3%	$3.7M+27.1%	$2.9M+512.2%	$470K-89.2%	$4.4M+23.8%	$3.5M+21.3%	$2.9M
Current Liabilities	$27.4M+127.8%	$12.0M-9.6%	$13.3M+38.9%	$9.6M+14.1%	$8.4M-11.5%	$9.5M-0.5%	$9.5M+63.6%	$5.8M+33.8%	$4.4M+19.2%	$3.7M+149.7%	$1.5M+211.7%	$470K-89.2%	$4.4M+23.8%	$3.5M+21.3%	$2.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.3M	N/A	N/A	N/A	N/A
Total Equity	-$17.2M-97.6%	-$8.7M-39.5%	-$6.2M+27.2%	-$8.6M-8.0%	-$7.9M-15.9%	-$6.8M-17.0%	-$5.8M-28.8%	-$4.5M-86.8%	-$2.4M-81.5%	-$1.3M-631.1%	-$183K+48.6%	-$356K+91.8%	-$4.4M-24.1%	-$3.5M-22.4%	-$2.9M
Retained Earnings	-$34.9M-32.2%	-$26.4M-10.3%	-$23.9M+8.7%	-$26.2M-3.0%	-$25.4M-19.5%	-$21.3M-6.6%	-$20.0M-7.0%	-$18.7M-12.8%	-$16.5M-7.6%	-$15.4M-6.6%	-$14.4M-2.3%	-$14.1M-1.2%	-$13.9M-6.6%	-$13.1M-5.2%	-$12.4M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$10.0M-2.9%	$10.3M-1.2%	$10.4M-5.2%	$11.0M-5.8%	$11.7M+291.6%	$3.0M-15.7%	$3.5M-18.0%	$4.3M
Current Assets	$927K+41.5%	$655K+216.3%	$207K+6.6%	$194K-30.3%	$279K+238.1%	$82K-83.6%	$502K-55.7%	$1.1M
Cash & Equivalents	$481K-22.5%	$620K+221.8%	$193K+10.0%	$175K-31.2%	$255K+432.5%	$48K-90.1%	$482K+252.4%	$137K
Accounts Receivable	$413K+4207.5%	$10K+16.3%	$8K0.0%	$8K0.0%	$8K0.0%	$8K0.0%	$8K-99.1%	$908K
Total Liabilities	$32.3M+6.0%	$30.4M+10.2%	$27.6M+20.6%	$22.9M+2.5%	$22.4M+78.7%	$12.5M+2.2%	$12.2M+1.9%	$12.0M
Current Liabilities	$32.1M+6.0%	$30.2M+10.3%	$27.4M+20.8%	$22.7M+2.5%	$22.1M+80.0%	$12.3M+2.2%	$12.0M+1.9%	$11.8M
Total Equity	-$22.2M-10.5%	-$20.1M-17.1%	-$17.2M-44.5%	-$11.9M-11.5%	-$10.7M-12.0%	-$9.5M-9.5%	-$8.7M-13.0%	-$7.7M
Retained Earnings	-$39.9M-5.6%	-$37.8M-8.4%	-$34.9M-17.9%	-$29.6M-4.3%	-$28.3M-4.2%	-$27.2M-3.1%	-$26.4M-3.9%	-$25.4M

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.

QPRC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

QPRC quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	-$8.7M	-$5.9M-1416.3%	-$390K-120.2%	$1.9M+311.2%	-$914K-1740.4%	-$50K+79.8%	-$246K-133.0%	$747K+297.2%	-$379K-125.7%	-$168K+55.0%	-$373K-87.3%	-$199K-317.7%	$92K+1258.0%	-$8K+66.6%	-$24K	N/A
Investing Cash Flow	N/A	-$9.0M	N/A	-$3.3M-121.7%	-$1.5M-30.6%	-$1.1M-1110.5%	-$95K-26.7%	-$75K-275.0%	-$20K	N/A	N/A	N/A	N/A	-$11K	N/A	N/A
Financing Cash Flow	$8.9M	$14.6M+4636.2%	$309K-83.5%	$1.9M-16.5%	$2.2M+84.3%	$1.2M+2241.2%	$52K+117.3%	-$301K-175.3%	$400K+220.0%	$125K-50.0%	$250K-43.1%	$439K	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$1.6M+24.9%	-$2.2M+51.6%	-$4.4M-800.3%	-$494K+9.1%	-$543K-25.1%	-$434K-180.6%	-$155K+69.0%	-$500K
Capital Expenditures	N/A	N/A	N/A	$0	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	-$494K	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	$0	$0	N/A	N/A	N/A	N/A
Financing Cash Flow	$1.5M-42.8%	$2.6M-42.2%	$4.5M+977.2%	$414K	N/A	N/A	$500K0.0%	$500K

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

QPRC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

QPRC quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	N/A	34.0%-13.5pp	47.5%+14.8pp	32.7%-3.2pp	35.9%	N/A	18.3%+4.2pp	14.1%-20.3pp	34.4%-65.2pp	99.6%+2.3pp	97.3%+36.6pp	60.8%-9.6pp	70.4%	N/A	59.7%
Operating Margin	N/A	-66.1%-92.7pp	26.7%	-406.1%	-151.9%	-13.1%-1.8pp	-11.3%-11.8pp	0.4%+44.7pp	-44.3%+9.2pp	-53.5%+1.4pp	-54.9%-39.9pp	-15.0%	N/A	N/A	-202.1%
Net Margin	N/A	-88.4%-116.2pp	27.8%	-167.0%	-202.7%	-23.9%+7.7pp	-31.6%-1.7pp	-29.8%+65.0pp	-94.8%-19.2pp	-75.6%-9.8pp	-65.8%-48.6pp	-17.2%	N/A	N/A	-209.7%
Return on Assets	19.2%+89.0pp	-69.8%-119.9pp	50.1%+111.5pp	-61.4%+447.4pp	-508.8%-471.1pp	-37.6%-12.3pp	-25.4%+69.9pp	-95.3%-50.9pp	-44.3%-3.2pp	-41.2%-29.0pp	-12.2%+127.3pp	-139.4%	N/A	N/A	-1556.0%
Current Ratio	0.010.0x	0.04-0.2x	0.27+0.3x	0.010.0x	0.03-0.1x	0.14-0.1x	0.25+0.2x	0.030.0x	0.040.0x	0.07-0.2x	0.260.0x	0.25+0.2x	0.000.0x	0.010.0x	0.01

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	100.0%	N/A	N/A	N/A	N/A	N/A	N/A	27.6%
Operating Margin	-74.5%	N/A	N/A	N/A	N/A	N/A	N/A	-57.3%
Net Margin	-105.9%	N/A	N/A	N/A	N/A	N/A	N/A	-65.7%
Return on Assets	-21.1%+7.3pp	-28.5%	N/A	-11.2%-1.4pp	-9.8%+18.0pp	-27.7%+0.6pp	-28.3%-14.6pp	-13.7%
Current Ratio	0.030.0x	0.020.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.04-0.1x	0.10

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Note: Shareholder equity is negative (-$17.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Quest Patent Ranks

Frequently Asked Questions

Is Quest Patent profitable?

Yes, Quest Patent (QPRC) reported a net income of $2.0M in fiscal year 2025.

What is Quest Patent's operating cash flow?

Quest Patent (QPRC) recorded an outflow of $5.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Quest Patent's total assets?

Quest Patent (QPRC) had $10.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Quest Patent have outstanding?

Quest Patent (QPRC) had 5M shares outstanding as of fiscal year 2025.

What is Quest Patent's current ratio?

Quest Patent (QPRC) had a current ratio of 0.01 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Quest Patent's return on assets (ROA)?

Quest Patent (QPRC) had a return on assets of 19.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does Quest Patent's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Quest Patent (QPRC) held $193K in cash, cash equivalents and investments, and reported an operating cash outflow of $5.9M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Why is Quest Patent's debt-to-equity ratio negative or not reported?

Quest Patent (QPRC) has negative shareholder equity of -$17.2M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Quest Patent's Piotroski F-Score?

Quest Patent (QPRC) 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 Quest Patent's earnings high quality?

For every $1 of reported earnings, Quest Patent (QPRC) used $2.96 of operating cash (-$5.9M OCF vs $2.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 Quest Patent cover its interest payments?

Quest Patent (QPRC) reported an operating loss of $7.7M against $700K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.