QTREX Quantum Ltd. (QTEX) Financials
Ticker history: IINN became QTEX (QTREX Quantum Ltd.) on . Earlier news and filings retain their original names and dates. View IINN history.
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 Nov 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for FY2025, filed Mar 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QTEX SEC filings page.
QTREX Quantum Ltd. (QTEX) reported $289K in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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.
Financial Health Signals
We do not publish a peer-relative financial health score for QTREX Quantum Ltd., because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
QTREX Quantum Ltd. passes 2 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), the one computable operating efficiency signal (asset turnover improving) passes.
QTREX Quantum Ltd. reported a net loss of $13.2M while operations used $9.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
QTREX Quantum Ltd. generated $289K in revenue in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
QTREX Quantum Ltd.'s EBITDA was -$13.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
QTREX Quantum Ltd. reported a net loss of $13.2M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
QTREX Quantum Ltd. recorded an outflow of $10.0M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
QTREX Quantum Ltd. held $3.2M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
QTREX Quantum Ltd.'s gross margin was 0.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
QTREX Quantum Ltd.'s ROE was -569.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 313.4 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
QTREX Quantum Ltd. invested $7.5M in research and development in fiscal year 2025. This represents an increase of 18.6% from the prior year.
QTREX Quantum Ltd. invested $103K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 37.2% from the prior year.
Not reported for fiscal year 2025.
QTEX 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 | FY25Filing | FY24Filing | FY23Filing | FY22Filing | FY21Filing |
|---|---|---|---|---|---|
| Revenue | $289Kn/m | $0n/m | $0 | N/A | N/A |
| Cost of Revenue | $287Kn/m | $0n/m | $0 | N/A | N/A |
| Gross Profit | $2Kn/m | $0n/m | $0 | N/A | N/A |
| R&D Expenses | $7.5M+18.6% | $6.3M-13.6% | $7.3M-10.5% | $8.2M+101.1% | $4.1M |
| SG&A Expenses | $6.1M+23.9% | $4.9M+2.7% | $4.8M-28.3% | $6.7M-24.8% | $8.9M |
| Operating Income | -$13.6Mn/m | -$11.3Mn/m | -$12.1Mn/m | -$14.9Mn/m | -$13.0M |
| EBITDA | -$13.5Mn/m | -$11.1Mn/m | -$12.0Mn/m | -$14.8Mn/m | -$12.9M |
| Interest Expense | N/A | N/A | $1.2M | N/A | N/A |
| Income Tax | $0n/m | $0n/m | $0 | N/A | N/A |
| Net Income | -$13.2Mn/m | -$11.1Mn/m | -$11.3Mn/m | -$15.0Mn/m | -$17.2M |
| EPS (Basic) | -$0.45 | -$0.60 | -$0.93n/m | -$1.39 | -$3.24 |
| EPS (Diluted) | -$0.45 | -$0.60 | -$0.93n/m | -$1.39 | -$3.24 |
| Diluted Shares (Avg) | 30M | 19M | 12M+12.1% | 11M | 5M |
QTEX 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 | FY25Filing | FY24Filing | FY23Filing | FY22Filing | FY21Filing |
|---|---|---|---|---|---|
| Total Assets | $5.3M-33.8% | $8.1M-13.3% | $9.3M-42.4% | $16.2M | N/A |
| Current Assets | $4.4M-35.2% | $6.8M-12.6% | $7.8M-46.2% | $14.5M | N/A |
| Cash & Equivalents | $3.2M-38.2% | $5.1M+1.4% | $5.0M-25.7% | $6.8M-71.6% | $23.9M |
| Short-Term Investments | $0-100.0% | $700K-69.6% | $2.3M-67.6% | $7.1Mn/m | $0 |
| Inventory | $735K+65.5% | $444K | N/A | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Total Liabilities | $3.0M-19.5% | $3.7M+4.9% | $3.6M+40.9% | $2.5M | N/A |
| Current Liabilities | $2.8M-16.2% | $3.4M+12.9% | $3.0M+79.5% | $1.7M | N/A |
| Non-Current Liabilities | $194K-48.7% | $378K-35.7% | $588K-32.6% | $873K | N/A |
| Total Equity | $2.3M-46.3% | $4.3M-24.7% | $5.7M-57.9% | $13.6M-42.6% | $23.7M |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Long-Term Debt, Retained Earnings.
QTEX 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 | FY25Filing | FY24Filing | FY23Filing | FY22Filing | FY21Filing |
|---|---|---|---|---|---|
| Operating Cash Flow | -$9.9Mn/m | -$9.4Mn/m | -$9.7Mn/m | -$9.2Mn/m | -$6.7M |
| Depreciation & Amortization | $150K-12.3% | $171K+54.1% | $111K+105.6% | $54K+116.0% | $25K |
| Stock-Based Compensation | $3.6M+89.0% | $1.9M+32.6% | $1.4M-70.8% | $4.9M-27.2% | $6.7M |
| Capital Expenditures | $103K-37.2% | $164K-20.4% | $206K-21.7% | $263K+44.5% | $182K |
| Free Cash Flow | -$10.0Mn/m | -$9.5Mn/m | -$9.9Mn/m | -$9.5Mn/m | -$6.9M |
| Investing Cash Flow | $565K-62.0% | $1.5M-67.6% | $4.6Mn/m | -$7.4Mn/m | -$182K |
| Financing Cash Flow | $7.3M-7.3% | $7.9M+128.8% | $3.5M | N/A | $30.2M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
QTEX 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.
| Metric | FY25Filing | FY24Filing | FY23Filing | FY22Filing | FY21Filing |
|---|---|---|---|---|---|
| Gross Margin | 0.7% | N/A | N/A | N/A | N/A |
| Operating Margin | -4713.8% | N/A | N/A | N/A | N/A |
| Net Margin | -4574.4% | N/A | N/A | N/A | N/A |
| Return on Equity | -569.1%-313.4pp | -255.7%-59.0pp | -196.7%-86.8pp | -109.9%-37.4pp | -72.5% |
| Return on Assets | -247.5%-110.6pp | -137.0%-15.7pp | -121.2%-28.6pp | -92.6% | N/A |
| Current Ratio | 1.56-0.5x | 2.02-0.6x | 2.61-6.1x | 8.72 | N/A |
| Liabilities-to-Equity | 1.30+0.4x | 0.87+0.2x | 0.62+0.4x | 0.19 | N/A |
| Asset Turnover | 0.05+0.1x | 0.000.0x | 0.00 | N/A | N/A |
| FCF Margin | -3447.8% | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity.
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.
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| QTREX Quantum Ltd. QTEX | FY2025 | $289K | -$13.2M | N/A | $68.4M | — |
| Planet Image International Limited YIBO | FY2025 | $155.2M | -$8.3M | -5.3% | $66.9M | 41/100 |
| Intchains Group Limited ICG | FY2025 | $31.6M | -$6.8M | -21.5% | $90.3M | 52/100 |
| Transact Technologies Inc TACT | FY2025 | $51.5M | -$1.2M | -2.4% | $49.6M | 60/100 |
| One Stop Systems, Inc. OSS | FY2025 | $32.2M | $5.1M | 15.8% | $119.2M | 37/100 |
| Canaan Inc. CAN | FY2025 | $529.7M | -$210.3M | -39.7% | $119.6M | 48/100 |
Where QTREX Quantum Ltd. Ranks
Frequently Asked Questions
QTREX Quantum Ltd. (QTEX) reported $289K in total revenue for fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
No, QTREX Quantum Ltd. (QTEX) reported a net loss of $13.2M in fiscal year 2025.
QTREX Quantum Ltd. (QTEX) had EBITDA of -$13.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
QTREX Quantum Ltd. (QTEX) had a gross margin of 0.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
QTREX Quantum Ltd. (QTEX) has a return on equity of -569.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
QTREX Quantum Ltd. (QTEX) recorded an outflow of $10.0M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
QTREX Quantum Ltd. (QTEX) recorded an outflow of $9.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
QTREX Quantum Ltd. (QTEX) had $5.3M in total assets as of fiscal year 2025, including both current and long-term assets.
QTREX Quantum Ltd. (QTEX) invested $103K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
QTREX Quantum Ltd. (QTEX) invested $7.5M in research and development during fiscal year 2025.
QTREX Quantum Ltd. (QTEX) had a current ratio of 1.56 as of fiscal year 2025, which is generally considered healthy.
QTREX Quantum Ltd. (QTEX) had a liabilities-to-equity ratio of 1.30 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
QTREX Quantum Ltd. (QTEX) had a return on assets of -247.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
QTREX Quantum Ltd. (QTEX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $68.4M as of Nov 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
QTREX Quantum Ltd. (QTEX) trades at 237x sales, its market capitalization divided by $289K revenue, FY2025. The market capitalization is $68.4M as of Nov 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, QTREX Quantum Ltd. (QTEX) held $3.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $9.9M over that year. Dividing the one by the other, the reported balance equals about 4 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.
QTREX Quantum Ltd. (QTEX) has a Piotroski F-Score of 2 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.
QTREX Quantum Ltd. (QTEX) reported a net loss of $13.2M while operations used $9.9M 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.