NASDAQ : QXL
Quantum X Labs Inc. — Financial statements
Technology · Computer Hardware · Israel
Last price 3.9 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 84.11M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Quantum X Labs Inc. (QXL) reported revenue of 1.32M 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 | 1.32M | 1.57M | 4.97M | 79.61M | 96.60M | 45.22M |
| Cost of Revenue | 379.00K | 297.00K | 1.73M | 70.45M | 83.01M | 37.42M |
| Gross Profit | 937.00K | 1.27M | 3.24M | 9.16M | 13.59M | 7.80M |
| Selling, General & Admin | 2.49M | 1.73M | 2.16M | 5.68M | 4.64M | 2.73M |
| Research & Development | 218.00K | 69.00K | 830.00K | 2.89M | 3.25M | 2.37M |
| Other Operating Expenses | 392.00K | 814.00K | 271.00K | |||
| Operating Expenses | 3.99M | 3.46M | 4.08M | 11.53M | 10.70M | 7.04M |
| Operating Income | -3.05M | -2.18M | -837.00K | -2.37M | 2.89M | 763.00K |
| Interest Expense | -949.00K | -764.00K | -989.00K | -750.00K | -215.00K | |
| Interest & Investment Income | 9.46M | 63.00K | 160.00K | 87.00K | 143.00K | 151.00K |
| Currency Exchange Gain (Loss) | -92.00K | -92.00K | -13.00K | -347.00K | -671.00K | 213.00K |
| Other Non Operating Income (Expenses) | -154.00K | -154.00K | -90.00K | -32.00K | -178.00K | -9.00K |
| EBT Excluding Unusual Items | 6.16M | -3.32M | -1.54M | -3.65M | 1.44M | 903.00K |
| Merger & Restructuring Charges | -166.00K | -222.00K | ||||
| Impairment of Goodwill | -5.11M | |||||
| Gain (Loss) on Sale of Investments | -10.12M | -10.12M | 11.00K | |||
| Gain (Loss) on Sale of Assets | 3.83M | |||||
| Other Unusual Items | -1.91M | |||||
| Pretax Income | -129.00K | -13.44M | -3.45M | -8.75M | 1.27M | 681.00K |
| Income Tax Expense | -124.00K | -39.00K | 131.00K | -66.00K | 153.00K | 90.00K |
| Earnings From Continuing Operations | -5.00K | -13.40M | -3.58M | -8.69M | 1.12M | 591.00K |
| Earnings From Discontinued Operations | -2.74M | -7.42M | -10.53M | |||
| Net Income to Company | -2.74M | -20.82M | -14.11M | -8.69M | 1.12M | 591.00K |
| Minority Interest in Earnings | 662.00K | 1.53M | 2.05M | 1.36M | -1.09M | -291.00K |
| Net Income | -2.08M | -19.29M | -12.05M | -7.32M | 28.00K | 300.00K |
| Net Income to Common | -2.08M | -19.29M | -12.05M | -7.32M | 28.00K | 300.00K |
| Shares Outstanding (Basic) | 11.76M | 8.47M | 4.48M | 3.72M | 3.70M | 3.70M |
| Shares Outstanding (Diluted) | 11.76M | 8.47M | 4.48M | 3.72M | 3.76M | 3.76M |
| EPS (Basic) | -0.18 | -2.28 | -2.69 | -1.97 | 0.01 | 0.08 |
| EPS (Diluted) | -0.18 | -2.28 | -2.69 | -1.97 | 0.01 | 0.08 |
| Free Cash Flow | -4.48M | -3.46M | 1.54M | 918.00K | 3.18M | 4.05M |
| Free Cash Flow Per Share | -0.38 | -0.41 | 0.34 | 0.25 | 0.84 | 1.08 |
| Gross Margin | 71.20% | 81.07% | 65.18% | 11.51% | 14.07% | 17.25% |
| Operating Margin | -231.84% | -139.20% | -16.84% | -2.97% | 2.99% | 1.69% |
| Profit Margin | -157.98% | -1,229.13% | -242.56% | -9.20% | 0.03% | 0.66% |
| Free Cash Flow Margin | -340.35% | -220.71% | 31.05% | 1.15% | 3.29% | 8.97% |
| EBITDA | -2.70M | -1.88M | -598.00K | -1.40M | 3.92M | 1.84M |
| EBITDA Margin | -205.09% | -119.57% | -12.04% | -1.76% | 4.06% | 4.08% |
| D&A For EBITDA | 352.00K | 308.00K | 239.00K | 963.00K | 1.03M | 1.08M |
| EBIT | -3.05M | -2.18M | -837.00K | -2.37M | 2.89M | 763.00K |
| EBIT Margin | -231.84% | -139.20% | -16.84% | -2.97% | 2.99% | 1.69% |
| Effective Tax Rate | 12.05% | 13.22% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.44M | 1.02M | 24.00K | 1.77M | 4.20M | 5.21M |
| Cash & Short-Term Investments | 2.44M | 1.02M | 24.00K | 1.77M | 4.20M | 5.21M |
| Accounts Receivable | 281.00K | 315.00K | 557.00K | 11.36M | 20.95M | 16.41M |
| Other Receivables | 339.00K | 29.00K | 63.00K | 59.00K | 30.00K | |
| Receivables | 620.00K | 344.00K | 4.54M | 15.17M | 24.55M | 22.83M |
| Prepaid Expenses | 172.00K | 1.00K | 181.00K | 318.00K | 350.00K | |
| Restricted Cash | 48.00K | 20.00K | 30.00K | 149.00K | 185.00K | 234.00K |
| Other Current Assets | 394.00K | 98.00K | 3.16M | 527.00K | 596.00K | 624.00K |
| Total Current Assets | 3.50M | 1.65M | 7.75M | 17.80M | 29.84M | 29.25M |
| Property, Plant & Equipment | 205.00K | 56.00K | 17.00K | 642.00K | 788.00K | 903.00K |
| Long-Term Investments | 4.44M | 600.00K | ||||
| Goodwill | 20.72M | 6.39M | 1.08M | 12.25M | 17.36M | 12.48M |
| Other Intangible Assets | 2.30M | 2.04M | 1.89M | 12.43M | 15.31M | 8.41M |
| Long-Term Deferred Tax Assets | 5.00K | 12.00K | 56.00K | 147.00K | 340.00K | 133.00K |
| Other Long-Term Assets | 11.17M | 52.00K | 83.00K | |||
| Total Assets | 31.17M | 10.76M | 21.97M | 43.28M | 63.70M | 51.26M |
| Accounts Payable | 1.15M | 762.00K | 1.57M | 9.35M | 14.27M | 10.49M |
| Accrued Expenses | 986.00K | 1.37M | 3.78M | 6.92M | 7.46M | |
| Short-Term Debt | 929.00K | 1.13M | 2.26M | 5.00M | 5.07M | 7.18M |
| Current Portion of Long-Term Debt | 781.00K | 781.00K | 3.06M | 1.44M | 1.50M | 1.50M |
| Current Portion of Leases | 85.00K | 87.00K | 91.00K | |||
| Other Current Liabilities | 1.19M | 407.00K | 4.67M | 114.00K | 671.00K | 47.00K |
| Total Current Liabilities | 4.05M | 4.06M | 12.93M | 19.77M | 28.52M | 26.77M |
| Long-Term Debt | 195.00K | 586.00K | 496.00K | 3.06M | 2.88M | 4.27M |
| Long-Term Leases | 304.00K | 388.00K | 491.00K | |||
| Long-Term Deferred Tax Liabilities | 416.00K | 326.00K | 222.00K | 1.52M | 1.85M | 1.03M |
| Other Long-Term Liabilities | 726.00K | 793.00K | 812.00K | 152.00K | 188.00K | |
| Total Liabilities | 5.38M | 5.77M | 14.46M | 24.66M | 33.80M | 32.74M |
| Common Stock | 5.00K | 4.00K | 3.00K | 3.00K | 3.00K | 3.00K |
| Additional Paid-In Capital | 69.94M | 51.03M | 28.48M | 25.48M | 25.35M | 16.07M |
| Retained Earnings | -44.17M | -46.05M | -22.71M | -10.66M | -3.34M | -2.37M |
| Total Common Equity | 25.78M | 4.99M | 5.77M | 14.82M | 22.02M | 13.71M |
| Minority Interest | 1.74M | 3.81M | 7.88M | 4.81M | ||
| Shareholders' Equity | 25.78M | 4.99M | 7.51M | 18.62M | 29.90M | 18.52M |
| Total Liabilities & Equity | 31.17M | 10.76M | 21.97M | 43.28M | 63.70M | 51.26M |
| Total Debt | 1.91M | 2.49M | 5.82M | 9.89M | 9.93M | 13.54M |
| Net Cash (Debt) | 530.00K | -1.48M | -5.79M | -8.12M | -5.73M | -8.33M |
| Net Cash Per Share | 0.05 | -0.17 | -1.29 | -2.18 | -1.52 | -2.21 |
| Filing Date Shares Outstanding | 21.57M | 13.34M | 5.30M | 3.73M | 3.70M | 310.30K |
| Total Common Shares Outstanding | 18.83M | 10.67M | 5.30M | 3.73M | 3.70M | 310.30K |
| Working Capital | -550.00K | -2.41M | -5.18M | -1.97M | 1.32M | 2.48M |
| Book Value Per Share | 1.37 | 0.47 | 1.09 | 3.97 | 5.96 | 44.19 |
| Tangible Book Value | 2.76M | -3.45M | 2.80M | -9.87M | -10.66M | -7.19M |
| Tangible Book Value Per Share | 0.15 | -0.32 | 0.53 | -2.65 | -2.88 | -23.16 |
| Machinery | 680.00K | 355.00K | 644.00K | 628.00K | 570.00K | |
| Leasehold Improvements | 273.00K | 273.00K | 273.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.08M | -19.29M | -12.05M | -7.32M | 28.00K | 300.00K |
| Depreciation & Amortization | 352.00K | 308.00K | 239.00K | 963.00K | 1.03M | 1.08M |
| Other Amortization | 1.04M | 1.21M | 785.00K | 2.00M | 1.96M | 860.00K |
| Loss (Gain) From Sale of Assets | 73.00K | |||||
| Asset Writedown & Restructuring Costs | -3.83M | 5.11M | ||||
| Loss (Gain) From Sale of Investments | -217.00K | 9.90M | -11.00K | |||
| Stock-Based Compensation | 75.00K | 69.00K | 135.00K | 71.00K | -43.00K | |
| Other Operating Activities | 2.06M | 5.78M | 10.26M | -1.59M | 1.27M | -220.00K |
| Change in Accounts Receivable | 125.00K | 297.00K | 1.97M | 9.59M | -4.53M | 498.00K |
| Change in Accounts Payable | -1.76M | -1.23M | -372.00K | -7.42M | 3.11M | 2.17M |
| Change in Other Net Operating Assets | 160.00K | 169.00K | 447.00K | -515.00K | 311.00K | -301.00K |
| Operating Cash Flow | -4.29M | -3.46M | 1.54M | 934.00K | 3.24M | 4.37M |
| Capital Expenditures | -186.00K | -16.00K | -58.00K | -311.00K | ||
| Cash Acquisitions | 193.00K | 12.00K | -10.19M | |||
| Divestitures | -283.00K | -163.00K | ||||
| Sale (Purchase) of Intangibles | -16.00K | -269.00K | ||||
| Other Investing Activities | -1.00K | |||||
| Investing Cash Flow | -276.00K | -151.00K | -1.00K | -16.00K | -74.00K | -10.77M |
| Short-Term Debt Issued | 8.96M | 1.56M | 1.20M | 3.50M | ||
| Long-Term Debt Issued | 1.56M | 1.98M | 6.00M | |||
| Total Debt Issued | 5.61M | 10.52M | 1.56M | 3.18M | 9.50M | |
| Short-Term Debt Repaid | -9.20M | -3.30M | -1.27M | -600.00K | ||
| Long-Term Debt Repaid | -3.75M | -510.00K | -1.81M | -1.39M | -230.00K | |
| Total Debt Repaid | -8.96M | -12.96M | -3.81M | -3.08M | -1.39M | -830.00K |
| Net Debt Issued (Repaid) | -3.35M | -2.44M | -2.24M | 100.00K | -1.39M | 8.67M |
| Issuance of Common Stock | 8.71M | 6.72M | 257.00K | |||
| Common Dividends Paid | -130.00K | -73.00K | ||||
| Other Financing Activities | -477.00K | -311.00K | -798.00K | -3.35M | -2.76M | -393.00K |
| Financing Cash Flow | 4.89M | 3.97M | -2.78M | -3.38M | -4.22M | 8.28M |
| Net Cash Flow | 322.00K | 356.00K | -1.24M | -2.46M | -1.06M | 1.88M |
| Free Cash Flow | -4.48M | -3.46M | 1.54M | 918.00K | 3.18M | 4.05M |
| Free Cash Flow Margin | -340.35% | -220.71% | 31.05% | 1.15% | 3.29% | 8.97% |
| Free Cash Flow Per Share | -0.38 | -0.41 | 0.34 | 0.25 | 0.84 | 1.08 |
| Levered Free Cash Flow | -3.67M | 1.28M | 2.75M | 1.98M | 6.58M | -6.56M |
| Unlevered Free Cash Flow | -4.18M | 1.20M | 3.02M | 2.59M | 6.88M | -6.43M |
| Cash Interest Paid | 203.00K | 405.00K | 676.00K | 922.00K | 556.00K | 84.00K |
| Cash Income Tax Paid | 15.00K | 8.00K | 123.00K | 663.00K | 928.00K | 381.00K |
| Change in Working Capital | -1.48M | -760.00K | 2.04M | 1.65M | -1.11M | 2.37M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 79.15M | 16.33M | 27.11M | 1.69M | 8.43M | 3.34M |
| Enterprise Value | 78.62M | 18.16M | 35.15M | 15.00M | 23.73M | 3.30M |
| Last Close Price | 3.67 | 1.53 | 5.12 | 0.45 | 2.28 | 10.76 |
| PE Ratio | 300.96 | 11.13 | ||||
| PS Ratio | 60.15 | 10.40 | 5.46 | 0.02 | 0.09 | 0.07 |
| PB Ratio | 2.68 | 3.27 | 3.61 | 0.09 | 0.28 | 0.18 |
| P/TBV Ratio | 28.65 | 9.68 | ||||
| P/FCF Ratio | 17.57 | 1.84 | 2.65 | 0.82 | ||
| P/OCF Ratio | 17.57 | 1.80 | 2.60 | 0.77 | ||
| EV/Sales Ratio | 59.74 | 11.57 | 7.07 | 0.19 | 0.25 | 0.07 |
| EV/EBITDA Ratio | 6.06 | 1.79 | ||||
| EV/EBIT Ratio | 8.21 | 4.33 | ||||
| EV/FCF Ratio | 22.78 | 16.34 | 7.47 | 0.81 | ||
| Debt / Equity Ratio | 0.07 | 0.50 | 0.78 | 0.53 | 0.33 | 0.73 |
| Debt / EBITDA Ratio | 2.47 | 7.02 | ||||
| Debt / FCF Ratio | 3.77 | 10.78 | 3.12 | 3.34 | ||
| Net Debt / Equity Ratio | -0.02 | 0.30 | 0.77 | 0.44 | 0.19 | 0.45 |
| Net Debt / EBITDA Ratio | 0.20 | -0.79 | -9.69 | -5.79 | 1.46 | 4.52 |
| Net Debt / FCF Ratio | 0.12 | -0.43 | 3.76 | 8.84 | 1.80 | 2.05 |
| Asset Turnover | 0.05 | 0.10 | 0.15 | 1.49 | 1.68 | 1.76 |
| Quick Ratio | 0.76 | 0.34 | 0.04 | 0.67 | 0.88 | 0.81 |
| Current Ratio | 0.86 | 0.41 | 0.60 | 0.90 | 1.05 | 1.09 |
| Return on Equity (ROE) | -0.03% | -214.44% | -27.38% | -35.81% | 4.61% | 7.19% |
| Return on Assets (ROA) | -7.44% | -8.34% | -1.60% | -2.76% | 3.15% | 1.85% |
| Return on Invested Capital (ROIC) | -12.86% | -22.10% | -4.18% | -7.58% | 8.14% | 5.35% |
| Return on Capital Employed (ROCE) | -11.20% | -32.60% | -9.30% | -10.10% | 8.20% | 3.10% |
| Earnings Yield | -4.82% | -118.13% | -44.46% | -434.33% | 0.33% | 8.99% |
| FCF Yield | -5.66% | -21.21% | 5.69% | 54.45% | 37.72% | 121.48% |
| Payout Ratio | 260.71% | |||||
| Buyback Yield / Dilution | -103.95% | -89.32% | -20.43% | 1.19% | -1,250.09% |