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Quantum-Si Incorporated (QSIAW) Financials

QSIAW
Trailing 12 months to March 31, 2026
Revenue $1.9M -46.2% YoY
Net Income -$103.8M -3.1% YoY
EPS (Diluted) -$0.51 FY2025 annual
Free Cash Flow -$95.7M -0.1% YoY
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QSIAW SEC filings page.

Quantum-Si Incorporated (QSIAW) reported $1.9M in revenue over the twelve months to Mar 31, 2026, down 46.2% from the prior twelve months. This page shows its 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).

Rhea AI QSIAW FY2025

Development spending dominates the model: R&D vastly exceeds revenue, while financing—not operations—supports cash needs.

By FY2025, $2.4M of revenue sat beside $53.8M of R&D, so product-development spending—not sales volume—still determines the economics. Operating cash flow of -$94.7M broadly matched net loss of -$101.3M, indicating that reported losses are translating into cash requirements rather than being mainly non-cash.

Gross margin rose from 45.1% in FY2023 to 52.3% in FY2024, suggesting a temporary improvement in unit economics. It then fell to 47.3% in FY2025 while operating margin reached -47.7%, so gross profit still cannot absorb the development cost base.

FY2025 liabilities of $25.4M against $245.6M of assets indicate an equity-funded balance sheet rather than a debt-heavy one. The current ratio declined from 12.0x in FY2024 to 7.6x in FY2025, while financing cash flow of $95.4M nearly offset operating cash outflow, showing where cash support came from.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Quantum-Si Incorporated 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
1/7

Quantum-Si Incorporated passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality No Cash Backing
N/A

Quantum-Si Incorporated reported a net loss of $101.3M while operations used $94.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue
$258K
YoY-69.4%
QoQ-42.8%

Quantum-Si Incorporated generated $258K in revenue in Q1 2026. This represents a decrease of 69.4% from the same quarter a year earlier. Against the prior quarter it is down 42.8%.

EBITDA
-$22.8M
YoY+5.6%
QoQ-14.4%

Quantum-Si Incorporated's EBITDA was -$22.8M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is down 14.4%.

Net Income
-$21.7M
YoY-12.9%
QoQ-23.1%

Quantum-Si Incorporated reported -$21.7M in net income in Q1 2026. This represents a decrease of 12.9% from the same quarter a year earlier. Against the prior quarter it is down 23.1%.

EPS (Diluted)
-$0.10
YoY+9.1%

Quantum-Si Incorporated earned -$0.10 per diluted share (EPS) in Q1 2026. This represents an increase of 9.1% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow
-$25.9M
YoY+5.6%
QoQ-58.4%

Quantum-Si Incorporated recorded an outflow of $25.9M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is down 58.4%.

Cash & Debt
$36.2M
YoY-2.9%
QoQ+67.3%
5Y CAGR+127.7%

Quantum-Si Incorporated held $36.2M in cash as of Q1 2026; long-term debt is not reported for that period.

Shares Outstanding
Diluted avg 216M

Quantum-Si Incorporated had a weighted average of 216M diluted shares in Q1 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin
28.7%
YoY-29.0pp
QoQ+1.6pp

Quantum-Si Incorporated's gross margin was 28.7% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 29.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Return on Equity
-10.8%
YoY-3.0pp
QoQ-2.8pp

Quantum-Si Incorporated's ROE was -10.8% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.8 percentage points.

Operating Margin

Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending
$14.5M
YoY+5.6%
QoQ+32.3%

Quantum-Si Incorporated invested $14.5M in research and development in Q1 2026. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is up 32.3%.

Capital Expenditures
$279K
YoY-78.7%
QoQ+1541.2%
5Y CAGR-11.0%

Quantum-Si Incorporated invested $279K in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 78.7% from the same quarter a year earlier. Against the prior quarter it is up 1541.2%.

Share Buybacks

Not reported for Q1 2026.

QSIAW 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.

QSIAW quarterly income statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Revenue$258K-69.4%$451K-62.2%$552K-29.9%$591K-5.0%$842K+84.2%$1.2M+198.0%$787K+252.9%$622K+203.4%
Cost of Revenue$184K-48.3%$329K-43.5%$358K-14.8%$240K-10.4%$356K+89.4%$582K+162.2%$420K+265.2%$268K+111.0%
Gross Profit$74K-84.8%$122K-80.0%$194K-47.1%$351K-0.8%$486K+80.7%$610K+242.7%$367K+239.8%$354K+353.8%
R&D Expenses$14.5M+5.6%$10.9M-35.6%$13.9M-14.1%$15.2M+5.8%$13.7M+13.4%$17.0M+3.4%$16.2M-2.5%$14.4M-9.2%
SG&A Expenses$9.6M-18.9%$10.3M-28.2%$10.7M-12.8%$11.9M-4.2%$11.9M+3.1%$14.3M+23.0%$12.3M+14.8%$12.4M+11.6%
Operating Income-$24.1M+4.2%-$21.1M+31.2%-$39.8M-41.6%-$30.1M-13.9%-$25.1M-7.5%-$30.7M-10.0%-$28.1M-3.4%-$26.5M+1.6%
EBITDA-$22.8M+5.6%-$20.0M+32.9%-$38.6M-43.5%-$28.9M-15.4%-$24.2M-8.5%-$29.7M-11.7%-$26.9M-3.1%-$25.1M+3.2%
Income Tax-$122K-1209.1%$8K-38.5%$19K-55.8%$20K$11K$13K$43K$0
Net Income-$21.7M-12.9%-$17.6M+46.8%-$35.7M-41.0%-$28.8M-24.8%-$19.2M+1.5%-$33.1M-50.2%-$25.3M-2.4%-$23.1M+9.7%
EPS (Basic)-$0.10+9.1%N/A-$0.17+5.6%-$0.160.0%-$0.11+21.4%N/A-$0.18-5.9%-$0.16+11.1%
EPS (Diluted)-$0.10+9.1%N/A-$0.17+5.6%-$0.160.0%-$0.11+21.4%N/A-$0.18-5.9%-$0.16+11.1%
Diluted Shares (Avg)216M+18.7%N/A209M+46.8%184M+29.4%182M+28.6%N/A142M+0.5%142M+0.3%

Not reported in any period shown, so not listed: Interest Expense.

QSIAW 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.

QSIAW quarterly balance sheet
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Total Assets$213.3M-21.3%$245.6M-0.9%$260.1M+10.0%$254.4M-0.9%$271.2M-1.6%$247.9M-16.9%$236.5M-25.7%$256.7M-24.7%
Current Assets$135.0M-44.2%$175.9M-19.3%$238.0M+15.6%$226.5M0.0%$241.8M-1.1%$218.0M-18.1%$205.8M-27.7%$226.5M-26.2%
Cash & Equivalents$36.2M-2.9%$21.6M-56.1%$30.9M-26.9%$22.2M-62.7%$37.3M-29.9%$49.2M-63.2%$42.3M-54.9%$59.6M-32.3%
Inventory$2.2M-50.5%$3.2M-21.4%$3.5M-14.1%$3.9M-19.6%$4.4M-10.6%$4.1M+3.1%$4.1M+76.0%$4.9M+145.4%
Accounts Receivable$203K-80.3%$561K-57.9%$755K-26.1%$917K+53.3%$1.0M+326.4%$1.3M+262.2%$1.0M+119.3%$598K+82.9%
Total Liabilities$12.6M-48.1%$25.4M-21.8%$25.0M-3.7%$33.4M+42.3%$24.3M+11.4%$32.5M+21.9%$25.9M-0.4%$23.5M-9.2%
Current Liabilities$10.7M-14.8%$23.0M+26.6%$22.1M+44.4%$24.0M+118.2%$12.6M+57.7%$18.2M+56.7%$15.3M+39.4%$11.0M+8.0%
Non-Current Liabilities$1.9M-83.8%$2.4M-83.5%$2.8M-73.4%$9.4M-24.6%$11.7M-15.2%$14.3M-5.0%$10.6M-29.5%$12.5M-20.4%
Total Equity$200.7M-18.7%$220.2M+2.2%$235.2M+11.7%$221.0M-5.3%$246.9M-2.7%$215.4M-20.7%$210.5M-27.9%$233.3M-26.0%
Retained Earnings-$719.7M-16.9%-$698.0M-17.0%-$680.4M-20.7%-$644.7M-19.8%-$615.8M-19.6%-$596.6M-20.4%-$563.5M-19.0%-$538.2M-19.9%

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

QSIAW 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.

QSIAW quarterly cash flow statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Cash Flow-$25.6M+2.0%-$16.3M+28.6%-$32.0M-38.3%-$20.2M-8.9%-$26.2M-12.7%-$22.9M-9.1%-$23.2M-8.0%-$18.6M+19.1%
Depreciation & Amortization$1.2M+33.6%$1.1M+21.1%$1.2M0.0%$1.2M-14.3%$917K-13.6%$939K-25.1%$1.2M+9.1%$1.4M+40.0%
Stock-Based Compensation$2.6M+8.6%N/A$2.8M+17.3%$2.9M+19.4%$2.4M+43.6%N/A$2.4M+111.3%$2.4M+30.1%
Capital Expenditures$279K-78.7%-$17K-98.8%$900K-7.7%$327K-71.0%$1.3M+25.0%$1.4M+291.0%$975K-26.9%$1.1M+16.3%
Free Cash Flow-$25.9M+5.6%-$16.4M+32.7%-$32.9M-36.4%-$20.5M-4.3%-$27.5M-13.2%-$24.3M-14.0%-$24.1M-5.9%-$19.7M+17.6%
Investing Cash Flow$40.3M+217.8%$7.0M+218.5%-$6.2M-205.7%$5.0M-79.7%-$34.2M+40.5%-$5.9M-109.7%$5.9M-78.4%$24.8M-15.0%
Financing Cash Flow$0-100.0%$54K-99.8%$47.0M+2347600.0%$41K-69.9%$48.4M+86482.1%$35.8M+58778.7%$2K-99.0%$136K

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

QSIAW 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.

QSIAW quarterly financial ratios
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Gross Margin28.7%-29.0pp27.1%-24.1pp35.1%-11.5pp59.4%+2.5pp57.7%-1.1pp51.2%+6.7pp46.6%-1.8pp56.9%+18.9pp
Operating Margin-9322.9%-4677.2%-7205.2%-5096.4%-2982.4%-2573.6%-3569.0%-4252.6%
Net Margin-8399.6%-3904.9%-6467.9%-4879.2%-2279.0%-2778.6%-3216.4%-3713.7%
Return on Equity-10.8%-3.0pp-8.0%+7.4pp-15.2%-3.2pp-13.1%-3.1pp-7.8%-0.1pp-15.4%-7.3pp-12.0%-3.6pp-9.9%-1.8pp
Return on Assets-10.2%-3.1pp-7.2%+6.2pp-13.7%-3.0pp-11.3%-2.3pp-7.1%0.0pp-13.4%-6.0pp-10.7%-2.9pp-9.0%-1.5pp
Current Ratio12.60-6.6x7.64-4.3x10.75-2.7x9.43-11.1x19.24-11.4x11.99-11.0x13.42-12.5x20.57-9.5x
Debt-to-Equity0.060.0x0.120.0x0.110.0x0.15+0.1x0.100.0x0.15+0.1x0.120.0x0.100.0x
Asset Turnover0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x
FCF Margin-10045.4%-3628.4%-5963.6%-3472.8%-3261.4%-2039.9%-3065.8%-3164.0%

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: Operating Margin, Net Margin, FCF Margin.

Frequently Asked Questions

What is Quantum-Si Incorporated's annual revenue?

Quantum-Si Incorporated (QSIAW) reported $2.4M in total revenue for fiscal year 2025. This represents a -20.3% 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 Quantum-Si Incorporated's revenue growing?

Quantum-Si Incorporated (QSIAW) revenue declined by 20.3% year-over-year, from $3.1M to $2.4M in fiscal year 2025.

Is Quantum-Si Incorporated profitable?

No, Quantum-Si Incorporated (QSIAW) reported a net income of -$101.3M in fiscal year 2025.

Quantum-Si Incorporated (QSIAW) reported diluted earnings per share of -$0.51 for fiscal year 2025. This represents a 28.2% 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.

Quantum-Si Incorporated (QSIAW) had EBITDA of -$111.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Quantum-Si Incorporated (QSIAW) had a gross margin of 47.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Quantum-Si Incorporated (QSIAW) has a return on equity of -46.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Quantum-Si Incorporated (QSIAW) recorded an outflow of $97.2M in free cash flow during fiscal year 2025. This represents a -5.3% 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.

Quantum-Si Incorporated (QSIAW) recorded an outflow of $94.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Quantum-Si Incorporated (QSIAW) had $245.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Quantum-Si Incorporated (QSIAW) invested $2.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Quantum-Si Incorporated (QSIAW) invested $53.8M in research and development during fiscal year 2025.

Quantum-Si Incorporated (QSIAW) had a current ratio of 7.64 as of fiscal year 2025, which is generally considered healthy.

Quantum-Si Incorporated (QSIAW) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Quantum-Si Incorporated (QSIAW) had a return on assets of -41.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Quantum-Si Incorporated (QSIAW) has a Piotroski F-Score of 1 out of 7 computable signals; 2 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.

Quantum-Si Incorporated (QSIAW) reported a net loss of $101.3M while operations used $94.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.

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