Every 10-Q that QUALITY INDUSTRIAL CORP (QIND) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow QIND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QIND filings page.
Quality Industrial Corp. reported for the quarter and six months ended June 30, 2026. Six‑month revenue was $7,199,666 versus $7,630,934 a year earlier, with gross profit of $2,032,540. Operating performance improved to operating income of $307,950 compared with a prior‑year loss.
After interest and other items, six‑month net income was $198,150, but due to strong results at majority‑owned Al Shola Gas, net loss attributable to QIND stockholders was $23,474. The balance sheet shows total assets of $17,085,150, including $8,411,100 of goodwill, against total liabilities of $18,500,414, leaving a shareholders’ equity deficit of $1,415,264, though this deficit narrowed from year‑end.
Cash flow from operations for the first half was a use of $341,094, with cash and equivalents declining to $150,012. Liabilities include $2,493,483 of convertible debt and $4,771,169 due to majority owner Fusion Fuel under financing arrangements. Management states that continuation as a going concern depends on generating sufficient revenue and accessing additional debt or equity financing.
Quality Industrial Corp. reported modestly higher revenue and a near break-even bottom line for the three months ended March 31, 2026. Revenue was $3.67 million, slightly above the prior-year period’s $3.62 million, generating gross profit of about $1.0 million.
Operating expenses fell sharply to $824,780 from $1.90 million, lifting operating results from a $947,122 loss to operating income of $175,820. Net income attributable to QIND stockholders was just $8,828, effectively break-even on a basic and diluted EPS of $0.00.
The balance sheet remains strained. Total assets were $16.90 million against total liabilities of $18.42 million, leaving an equity deficit of $1.52 million. Current liabilities of $18.04 million far exceed current assets of $7.30 million, and cash was $172,548, with $309,650 of net cash used in operating activities.
Management disclosed a going concern uncertainty, stating the company’s ability to continue depends on generating sufficient revenue and raising capital through borrowings and security sales. Subsequent events include new ASG subcontracts worth about $1.14 million, an authorized share increase to 450 million, and a leadership change appointing Carsten Kjems Falk as CEO.
Quality Industrial Corp. (QIND) reported Q3 2025 results. Revenue rose to $3.52 million from $2.66 million a year ago, with gross profit of $1.21 million. Operating expenses were $1.50 million, leading to an operating loss of $0.29 million. Net loss attributable to QIND stockholders was $0.26 million, an improvement from $0.50 million in the prior-year quarter.
For the nine months, revenue reached $11.15 million versus $5.98 million last year, while net loss attributable to QIND stockholders was $1.87 million. Cash increased to $0.97 million from $0.23 million at year-end, supported by $3.81 million net financing inflows, including a $4.06 million related-party loan. Total assets were $19.97 million; current liabilities were $15.77 million, including $2.15 million of convertible notes (net). Stockholders’ equity was $1.66 million. Accounts receivable were $4.04 million, with $1.78 million aged over 90 days.
The company disclosed a going concern uncertainty. QIND became a majority-owned subsidiary of Fusion Fuel in November 2024 and realigned leadership on August 28, 2025. Common shares outstanding were 169,510,820 as of November 10, 2025.