NASDAQ : QTEX
QTREX Quantum Ltd. — Financial statements
Technology · Computer Hardware · Israel
Last price 1.22 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 67.96M
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Financial statements
QTREX Quantum Ltd. (QTEX) reported revenue of 1.55M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.55M | 289.00K | ||||
| Cost of Revenue | 610.00K | 287.00K | ||||
| Gross Profit | 944.00K | 2.00K | ||||
| Selling, General & Admin | 5.67M | 6.12M | 4.94M | 4.81M | 6.70M | 8.92M |
| Research & Development | 8.62M | 7.50M | 6.32M | 7.32M | 8.18M | 4.07M |
| Other Operating Expenses | -17.00K | 9.00K | 5.00K | 4.00K | 7.00K | -23.00K |
| Operating Expenses | 14.27M | 13.62M | 11.27M | 12.13M | 14.89M | 12.96M |
| Operating Income | -13.32M | -13.62M | -11.27M | -12.13M | -14.89M | -12.96M |
| Interest Expense | -191.00K | -101.00K | ||||
| Interest & Investment Income | 64.00K | 172.00K | 318.00K | 335.00K | 1.00K | |
| Currency Exchange Gain (Loss) | 101.00K | 101.00K | 77.00K | 233.00K | -530.00K | -113.00K |
| Other Non Operating Income (Expenses) | 238.00K | 238.00K | -35.00K | 296.00K | 112.00K | -4.02M |
| Pretax Income | -13.18M | -13.22M | -11.05M | -11.29M | -14.98M | -17.19M |
| Net Income | -13.18M | -13.22M | -11.05M | -11.29M | -14.98M | -17.19M |
| Net Income to Common | -13.18M | -13.22M | -11.05M | -11.29M | -14.98M | -17.19M |
| Shares Outstanding (Basic) | 38.51M | 29.62M | 18.52M | 12.10M | 10.79M | 5.31M |
| Shares Outstanding (Diluted) | 38.51M | 29.62M | 18.52M | 12.10M | 10.79M | 5.31M |
| EPS (Basic) | -0.34 | -0.45 | -0.60 | -0.93 | -1.39 | -3.24 |
| EPS (Diluted) | -0.34 | -0.45 | -0.60 | -0.93 | -1.39 | -3.24 |
| Free Cash Flow | -8.75M | -9.96M | -9.54M | -9.90M | -9.47M | -6.87M |
| Free Cash Flow Per Share | -0.23 | -0.34 | -0.52 | -0.82 | -0.88 | -1.29 |
| Gross Margin | 60.75% | 0.69% | ||||
| Operating Margin | -857.40% | -4,713.84% | ||||
| Profit Margin | -847.88% | -4,574.39% | ||||
| Free Cash Flow Margin | -563.32% | -3,447.75% | ||||
| EBITDA | -13.05M | -13.47M | -11.10M | -12.02M | -14.84M | -12.94M |
| D&A For EBITDA | 277.00K | 150.00K | 171.00K | 111.00K | 54.00K | 25.00K |
| EBIT | -13.32M | -13.62M | -11.27M | -12.13M | -14.89M | -12.96M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.67M | 3.16M | 5.11M | 5.04M | 6.78M | 23.75M |
| Short-Term Investments | 668.00K | 2.32M | 7.12M | |||
| Cash & Short-Term Investments | 10.67M | 3.16M | 5.78M | 7.36M | 13.90M | 23.75M |
| Receivables | 825.00K | |||||
| Inventory | 2.81M | 735.00K | 444.00K | |||
| Prepaid Expenses | 216.00K | 240.00K | 176.00K | 254.00K | 426.00K | |
| Restricted Cash | 98.00K | 90.00K | 89.00K | 56.00K | 120.00K | |
| Other Current Assets | 738.00K | 203.00K | 257.00K | 167.00K | 279.00K | 213.00K |
| Total Current Assets | 15.04M | 4.41M | 6.81M | 7.79M | 14.49M | 24.51M |
| Property, Plant & Equipment | 5.27M | 930.00K | 1.26M | 1.52M | 1.67M | 1.36M |
| Total Assets | 20.31M | 5.34M | 8.07M | 9.31M | 16.17M | 25.87M |
| Accounts Payable | 466.00K | 107.00K | 154.00K | 198.00K | 152.00K | 93.00K |
| Accrued Expenses | 1.32M | 1.34M | 1.01M | 1.20M | 696.00K | |
| Current Portion of Leases | 1.54M | 286.00K | 277.00K | 290.00K | 268.00K | 281.00K |
| Other Current Liabilities | 4.51M | 1.11M | 1.60M | 1.49M | 44.00K | 3.24M |
| Total Current Liabilities | 7.53M | 2.82M | 3.37M | 2.98M | 1.66M | 4.31M |
| Long-Term Debt | 302.00K | |||||
| Long-Term Leases | 1.25M | 194.00K | 378.00K | 588.00K | 873.00K | 900.00K |
| Total Liabilities | 9.57M | 3.02M | 3.75M | 3.57M | 2.54M | 5.52M |
| Common Stock | 96.89M | 82.12M | 70.90M | 61.26M | 57.87M | |
| Additional Paid-In Capital | 48.94M | |||||
| Retained Earnings | -86.15M | -79.79M | -66.57M | -55.52M | -44.23M | -28.79M |
| Comprehensive Income & Other | 210.00K | |||||
| Shareholders' Equity | 10.74M | 2.32M | 4.32M | 5.74M | 13.63M | 20.35M |
| Total Liabilities & Equity | 20.31M | 5.34M | 8.07M | 9.31M | 16.17M | 25.87M |
| Total Debt | 2.79M | 480.00K | 655.00K | 878.00K | 1.14M | 1.48M |
| Net Cash (Debt) | 7.87M | 2.68M | 5.12M | 6.48M | 12.76M | 22.27M |
| Net Cash Per Share | 0.20 | 0.09 | 0.28 | 0.54 | 1.18 | 4.20 |
| Filing Date Shares Outstanding | 55.41M | 43.58M | 25.62M | 15.95M | 11.34M | 10.09M |
| Total Common Shares Outstanding | 55.41M | 35.95M | 24.25M | 15.65M | 11.34M | 10.09M |
| Working Capital | 7.51M | 1.59M | 3.44M | 4.81M | 12.83M | 20.19M |
| Book Value Per Share | 0.19 | 0.06 | 0.18 | 0.37 | 1.20 | 2.02 |
| Tangible Book Value | 10.74M | 2.32M | 4.32M | 5.74M | 13.63M | 20.35M |
| Tangible Book Value Per Share | 0.19 | 0.06 | 0.18 | 0.37 | 1.20 | 2.02 |
| Machinery | 936.00K | 833.00K | 669.00K | 466.00K | 229.00K | |
| Leasehold Improvements | 36.00K | 36.00K | 36.00K | 33.00K | 7.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -13.18M | -13.22M | -11.05M | -11.29M | -14.98M | -17.19M |
| Depreciation & Amortization | 277.00K | 150.00K | 171.00K | 111.00K | 54.00K | 25.00K |
| Stock-Based Compensation | 2.49M | 3.58M | 1.89M | 1.49M | 4.88M | 6.70M |
| Other Operating Activities | 11.00K | -147.00K | 39.00K | -43.00K | 279.00K | 3.98M |
| Change in Accounts Receivable | -573.00K | |||||
| Change in Inventory | 419.00K | -291.00K | -444.00K | |||
| Change in Accounts Payable | 296.00K | -47.00K | -44.00K | 46.00K | 59.00K | 91.00K |
| Change in Other Net Operating Assets | 1.76M | 119.00K | 65.00K | -5.00K | 496.00K | -294.00K |
| Operating Cash Flow | -8.67M | -9.86M | -9.37M | -9.69M | -9.21M | -6.68M |
| Capital Expenditures | -88.00K | -103.00K | -164.00K | -206.00K | -263.00K | -182.00K |
| Investment in Securities | 668.00K | 1.65M | 4.80M | -7.12M | ||
| Investing Cash Flow | -2.03M | 565.00K | 1.49M | 4.59M | -7.38M | -182.00K |
| Long-Term Debt Issued | 7.20M | |||||
| Net Debt Issued (Repaid) | 7.20M | |||||
| Issuance of Common Stock | 19.30M | 7.33M | 7.90M | 3.45M | 23.00M | |
| Financing Cash Flow | 19.30M | 7.33M | 7.90M | 3.45M | 30.20M | |
| Foreign Exchange Rate Adjustments | -13.00K | 25.00K | 55.00K | -65.00K | -438.00K | |
| Net Cash Flow | 8.59M | -1.94M | 71.00K | -1.71M | -17.03M | 23.33M |
| Free Cash Flow | -8.75M | -9.96M | -9.54M | -9.90M | -9.47M | -6.87M |
| Free Cash Flow Margin | -563.32% | -3,447.75% | ||||
| Free Cash Flow Per Share | -0.23 | -0.34 | -0.52 | -0.82 | -0.88 | -1.29 |
| Levered Free Cash Flow | -5.56M | -5.67M | -5.34M | -4.74M | -7.11M | 1.03M |
| Unlevered Free Cash Flow | -5.44M | -5.67M | -5.34M | -4.74M | -7.11M | 1.09M |
| Free Cash Flow After Leases | -8.75M | -9.96M | -9.54M | -9.90M | -9.47M | -6.87M |
| Cash Interest Paid | 65.00K | 65.00K | 72.00K | 93.00K | 106.00K | 29.00K |
| Change in Working Capital | 1.73M | -219.00K | -423.00K | 41.00K | 555.00K | -203.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 67.96M | 32.35M | 18.87M | 14.17M | 14.29M | 32.43M |
| Enterprise Value | 60.09M | 30.87M | 12.37M | 9.02M | -515.03K | 16.06M |
| Last Close Price | 1.22 | 0.90 | 1.02 | 1.06 | 1.29 | 4.16 |
| PS Ratio | 43.74 | 111.95 | ||||
| PB Ratio | 6.29 | 13.93 | 4.37 | 2.47 | 1.05 | 1.59 |
| P/TBV Ratio | 6.33 | 13.93 | 4.37 | 2.47 | 1.05 | 1.59 |
| EV/Sales Ratio | 38.67 | 106.81 | ||||
| Debt / Equity Ratio | 0.26 | 0.21 | 0.15 | 0.15 | 0.08 | 0.07 |
| Net Debt / Equity Ratio | -0.73 | -1.15 | -1.19 | -1.13 | -0.94 | -1.09 |
| Net Debt / EBITDA Ratio | 0.60 | 0.20 | 0.46 | 0.54 | 0.86 | 1.72 |
| Net Debt / FCF Ratio | 0.90 | 0.27 | 0.54 | 0.66 | 1.35 | 3.24 |
| Asset Turnover | 0.13 | 0.04 | ||||
| Inventory Turnover | 0.35 | 0.49 | ||||
| Quick Ratio | 1.53 | 1.12 | 1.72 | 2.47 | 8.37 | 5.50 |
| Current Ratio | 2.00 | 1.56 | 2.02 | 2.61 | 8.72 | 5.68 |
| Return on Equity (ROE) | -219.29% | -397.89% | -219.74% | -116.54% | -88.13% | -184.38% |
| Return on Assets (ROA) | -67.26% | -126.98% | -81.03% | -59.53% | -44.29% | -60.34% |
| Return on Capital Employed (ROCE) | -104.20% | -541.20% | -239.70% | -191.80% | -102.70% | -60.10% |
| Earnings Yield | -28.04% | -40.86% | -58.56% | -79.64% | -104.79% | -53.02% |
| FCF Yield | -12.88% | -30.80% | -50.54% | -69.84% | -66.27% | -21.18% |
| Buyback Yield / Dilution | -63.25% | -59.99% | -53.08% | -12.05% | -103.43% | -169.65% |