Qs Energy Inc (QSEP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QSEP SEC filings page.
Qs Energy Inc (QSEP) reported $0 in revenue for fiscal year 2025. This page shows its 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).
A shrinking asset base sits beneath rising obligations, making balance-sheet deterioration the dominant business mechanic visible in the data.
Across the period, total assets contracted from$280K to$55K while liabilities rose, so the company became more liability-heavy as its resource base diminished. That combination left negative equity at-$5.9M in FY2025, connecting the asset decline to a financing structure not supported by book value.
The current ratio fell from 0.0294 to 0.0093 across the period, showing current assets became an even thinner buffer. Current liabilities reached
Shares outstanding rose from 455.9M in FY2024 to 550.6M in FY2025, making share-count expansion a visible financing feature alongside elevated liabilities. Revenue and operating cash flow do not form a usable annual series in the supplied data, so these statements support a balance-sheet assessment rather than an operating-performance assessment.
Financial Health Signals
Qs Energy Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Qs Energy Inc generated $0 in revenue in Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Qs Energy Inc held $120K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
Qs Energy Inc invested $9K in research and development in Q2 2026. This represents a decrease of 91.3% from the same quarter a year earlier. Against the prior quarter it is up 350.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
QSEP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | N/A | $0 | $0 | $0 | N/A | $0 |
| R&D Expenses | $9K-91.3% | $2K-95.7% | N/A | N/A | $104K+116.7% | $47K0.0% | N/A | $48K+2.1% |
| Operating Income | N/A | N/A | N/A | N/A | -$2.0M-701.6% | N/A | N/A | -$279K-32.2% |
| EBITDA | N/A | N/A | N/A | N/A | -$2.0M-701.6% | N/A | N/A | -$279K |
| Interest Expense | $29K-79.7% | $39K-31.6% | N/A | $74K-14.0% | $143K+70.2% | $57K-25.0% | N/A | $86K-4.4% |
| Net Income | N/A | N/A | N/A | N/A | -$2.1M-542.3% | N/A | N/A | -$365K-21.3% |
| EPS (Basic) | $0.00 | $0.00+100.0% | $0.00 | $0.00 | $0.00 | -$0.02 | $0.00 | $0.00 |
| EPS (Diluted) | $0.00 | $0.00+100.0% | $0.00 | $0.00 | $0.00 | -$0.02 | $0.00 | $0.00 |
| Diluted Shares (Avg) | 557M+12.4% | 547M+24.9% | N/A | 525M+29.1% | 496M+24.4% | 438M+11.4% | N/A | 407M+5.2% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, SG&A Expenses, Income Tax.
QSEP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $207K-74.5% | $80K-85.9% | $55K-66.5% | $104K-58.4% | $813K+460.7% | $569K+532.2% | $164K+95.2% | $250K+3.3% |
| Current Assets | $207K-74.4% | $80K-85.9% | $55K-65.8% | $103K-58.6% | $810K+462.5% | $566K+536.0% | $161K+96.3% | $249K+4.2% |
| Cash & Equivalents | $120K-84.6% | $33K-93.7% | $6K-96.0% | $49K-79.3% | $778K+489.4% | $526K+574.4% | $150K+114.3% | $237K+10.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.7M+16.5% | $5.9M+19.4% | $5.9M+1.2% | $5.5M-4.3% | $4.9M-13.9% | $4.9M-10.2% | $5.9M+10.0% | $5.8M+9.8% |
| Current Liabilities | N/A | $5.9M+19.4% | $5.9M+1.2% | $5.5M-4.3% | $4.9M-13.9% | $4.9M-10.2% | $5.9M+10.0% | $5.8M+9.8% |
| Non-Current Liabilities | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | -$5.5M-34.7% | -$5.8M-33.2% | -$5.9M-3.2% | -$5.4M+1.9% | -$4.1M+26.3% | -$4.3M+19.2% | -$5.7M-8.7% | -$5.6M-10.1% |
| Retained Earnings | -$145.5M-4.6% | -$143.4M-4.7% | -$142.6M-12.0% | -$141.1M-11.5% | -$139.1M-10.3% | -$137.0M-8.9% | -$127.3M-1.5% | -$126.5M-1.2% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
QSEP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$760K+36.9% | N/A | N/A | N/A | -$1.2M-708.1% | -$1.2M-580.0% | -$578K-318.8% | -$270K-44.4% |
| Depreciation & Amortization | N/A | $0 | N/A | $2K | $0 | $0-100.0% | N/A | $0 |
| Stock-Based Compensation | N/A | $0-100.0% | N/A | N/A | N/A | $240K | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $2K | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$580K-320.3% | -$270K-44.4% |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$2K | $0 |
| Financing Cash Flow | $847K-41.8% | N/A | N/A | $289K-22.9% | $1.5M+617.2% | $1.5M+760.7% | $493K+8316.7% | $375K+14.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
QSEP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$5.9M), 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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Qs Energy Inc QSEP | FY2025 | $0 | N/A | N/A | $59.9M | — |
| Nxt Energy NSFDF | FY2021 | $3.1M | -$3.1M | -99.7% | $27.5M | — |
Where Qs Energy Inc Ranks
Frequently Asked Questions
What is Qs Energy Inc's annual revenue?
Qs Energy Inc (QSEP) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
What are Qs Energy Inc's total assets?
Qs Energy Inc (QSEP) had $55K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Qs Energy Inc's capital expenditures?
Qs Energy Inc (QSEP) reported no capital expenditure during fiscal year 2025.
What is Qs Energy Inc's current ratio?
Qs Energy Inc (QSEP) 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 Qs Energy Inc's P/E ratio?
Qs Energy Inc (QSEP) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $59.9M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Qs Energy Inc's price-to-sales ratio?
Qs Energy Inc (QSEP) has no price-to-sales ratio at the moment: revenue is not positive (FY2025). The market capitalization is $59.9M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Qs Energy Inc's debt-to-equity ratio negative or not reported?
Qs Energy Inc (QSEP) has negative shareholder equity of -$5.9M 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.