QSI · Quantum-Si Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $258.0K | - | $552.0K | $591.0K | $842.0K | - | $787.0K | $622.0K | $457.0K | - |
| Cost of Revenue | $184.0K | - | $358.0K | $240.0K | $356.0K | - | $420.0K | $268.0K | $188.0K | - |
| Gross Profit | $74.0K | - | $194.0K | $351.0K | $486.0K | - | $367.0K | $354.0K | $269.0K | - |
| R&D | $14.49M | - | $13.88M | $15.21M | $13.72M | - | $16.17M | $14.38M | $12.10M | - |
| SG&A | $9.64M | - | $10.71M | $11.90M | $11.88M | - | $12.28M | $12.42M | $11.53M | - |
| Total Operating Expenses | $24.13M | - | $39.97M | $30.47M | $25.60M | - | $28.45M | $26.80M | $23.63M | - |
| D&A | $1.23M | - | $1.20M | $1.20M | $917.0K | - | $1.20M | $1.40M | $1.06M | - |
| Operating Income | ($24.05M) | - | ($39.77M) | ($30.12M) | ($25.11M) | - | ($28.09M) | ($26.45M) | ($23.36M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($122.0K) | - | $19.0K | $20.0K | $11.0K | - | $43.0K | $0 | $0 | - |
| Net Income | ($21.67M) | - | ($35.70M) | ($28.84M) | ($19.19M) | - | ($25.31M) | ($23.10M) | ($19.47M) | - |
| EPS - Basic | ($0.10) | - | ($0.17) | ($0.16) | ($0.11) | - | ($0.18) | ($0.16) | ($0.14) | - |
| EPS - Diluted | ($0.10) | - | ($0.17) | ($0.16) | ($0.11) | - | ($0.18) | ($0.16) | ($0.14) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $36.20M | $21.64M | $30.91M | $22.19M | $37.29M | $49.24M | $42.27M | $59.55M | $53.16M | $133.86M |
| Accounts Receivable | $203.0K | $561.0K | $755.0K | $917.0K | $1.03M | $1.33M | $1.02M | $598.0K | $242.0K | $368.0K |
| Inventory | $2.19M | $3.20M | $3.51M | $3.90M | $4.42M | $4.07M | $4.09M | $4.85M | $4.95M | $3.94M |
| Accounts Payable | $1.79M | $1.62M | $1.35M | $2.23M | $1.89M | $1.93M | $2.15M | $1.38M | $1.16M | $1.77M |
| Current Assets | $134.96M | $175.86M | $237.99M | $226.47M | $241.81M | $218.01M | $205.83M | $226.47M | $244.38M | $266.31M |
| Total Assets | $213.35M | $245.61M | $260.13M | $254.41M | $271.22M | $247.87M | $236.45M | $256.75M | $275.58M | $298.25M |
| Current Liabilities | $10.71M | $23.02M | $22.15M | $24.02M | $12.57M | $18.19M | $15.34M | $11.01M | $7.97M | $11.61M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $12.60M | $25.38M | $24.97M | $33.42M | $24.30M | $32.45M | $25.93M | $23.49M | $21.81M | $26.63M |
| Stockholders' Equity | $200.74M | $220.23M | $235.16M | $220.98M | $246.92M | $215.42M | $210.52M | $233.26M | $253.77M | $271.62M |
| Retained Earnings | ($719.65M) | ($697.98M) | ($680.37M) | ($644.67M) | ($615.83M) | ($596.64M) | ($563.52M) | ($538.21M) | ($515.11M) | ($495.63M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($25.64M) | - | - | - | ($26.15M) | - | - | - | ($23.21M) | - |
| Investing Cash Flow | $40.27M | - | - | - | ($34.17M) | - | - | - | ($57.43M) | - |
| Financing Cash Flow | $0 | - | - | - | $48.37M | - | - | - | ($56.0K) | - |
| CapEx | $279.0K | - | - | - | $1.31M | - | - | - | $1.05M | - |
| Free Cash Flow | ($25.92M) | - | - | - | ($27.46M) | - | - | - | ($24.25M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 28.7% | - | 35.1% | 59.4% | 57.7% | - | 46.6% | 56.9% | 58.9% | - |
| Operating margin | -9322.9% | - | -7205.3% | -5096.4% | -2982.4% | - | -3569.0% | -4252.6% | -5111.6% | - |
| EBITDA margin | -8848.1% | - | -6987.9% | -4893.4% | -2873.5% | - | -3416.5% | -4027.5% | -4879.4% | - |
| Net margin | -8399.6% | - | -6467.9% | -4879.2% | -2279.0% | - | -3216.4% | -3713.7% | -4261.3% | - |
| Free cash flow margin | -10045.3% | - | - | - | -3261.4% | - | - | - | -5307.2% | - |
| FCF / Net income | 1.20 | - | - | - | 1.43 | - | - | - | 1.25 | - |
| R&D / Revenue | 5615.1% | - | 2515.0% | 2574.1% | 1629.1% | - | 2054.8% | 2312.1% | 2647.9% | - |
| SG&A / Revenue | 3736.4% | - | 1939.7% | 2012.9% | 1411.0% | - | 1560.9% | 1997.4% | 2522.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -10.2% | - | -13.7% | -11.3% | -7.1% | - | -10.7% | -9.0% | -7.1% | - |
| Return on equity | -10.8% | - | -15.2% | -13.0% | -7.8% | - | -12.0% | -9.9% | -7.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 12.60 | 7.64 | 10.75 | 9.43 | 19.24 | 11.99 | 13.42 | 20.57 | 30.65 | 22.94 |
| Quick ratio | 12.40 | 7.50 | 10.59 | 9.27 | 18.89 | 11.76 | 13.15 | 20.13 | 30.03 | 22.60 |
| Cash ratio | 3.38 | 0.94 | 1.40 | 0.92 | 2.97 | 2.71 | 2.76 | 5.41 | 6.67 | 11.53 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.06 | 1.12 | 1.11 | 1.15 | 1.10 | 1.15 | 1.12 | 1.10 | 1.09 | 1.10 |
| Liabilities / Assets | 0.06 | 0.10 | 0.10 | 0.13 | 0.09 | 0.13 | 0.11 | 0.09 | 0.08 | 0.09 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | 0.08 | - | 0.10 | 0.06 | 0.08 | - | 0.10 | 0.06 | 0.04 | - |
| Days sales outstanding | 287d | - | 499d | 566d | 447d | - | 474d | 351d | 193d | - |
| Days inventory outstanding | 4346d | - | 3582d | 5936d | 4535d | - | 3555d | 6611d | 9603d | - |
| Days payable outstanding | 3551d | - | 1372d | 3398d | 1942d | - | 1871d | 1878d | 2260d | - |
| Cash conversion cycle | 1083d | - | 2709d | 3105d | 3040d | - | 2158d | 5084d | 7536d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.8x | - | 1.3x | 1.6x | 0.9x | - | 0.6x | 0.6x | 1.1x | - |
| P / S | 649.4x | - | 534.0x | 609.0x | 259.8x | - | 159.6x | 239.6x | 611.1x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -69.4% | - | -29.9% | -5.0% | 84.2% | - | - | 203.4% | 79.9% | - |
| Revenue CAGR (3y) | 0.5% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -84.8% | - | -47.1% | -0.8% | 80.7% | - | - | 353.8% | - | - |
| Operating income growth (YoY) | 4.2% | - | -41.6% | -13.9% | -7.5% | - | -3.4% | 1.6% | 20.1% | - |
| Net income growth (YoY) | -12.9% | - | -41.0% | -24.8% | 1.5% | - | -2.4% | 9.7% | 17.5% | - |
| EPS growth (YoY) | 9.1% | - | 5.6% | 0.0% | 21.4% | - | -5.9% | 11.1% | 17.6% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 5.6% | - | - | - | -13.2% | - | - | - | 22.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -18.7% | 2.2% | 11.7% | -5.3% | -2.7% | -20.7% | -27.9% | -26.0% | -25.1% | -24.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$2.44M totalProduct$2.29M · 93.8%
Service$150.0K · 6.2%
Geographic
$2.44M totalNon Us$1.74M · 71.3%
US$699.0K · 28.7%
Peer comparison
Same SIC group: Measuring & Controlling Devices, NEC
Comparing Quantum-Si Inc against the 5 most active filers in the same SIC group.