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QT IMAGING HOLDINGS, INC.

QTI

$2.75 ▲ +0.04 (+1.48%) at close

5 Visible periods

29 Metrics

Peer-ranked Benchmarks

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Health

Poor

Bearish

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Analytical Summary

QT IMAGING HOLDINGS, INC. faces fundamental challenges with weakness in Profit Margin (%) and Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $28.8M

Dividend Yield —

Revenue Growth 287.9% ↘

Op. Margin -23.4% ↗

ROIC -26.8% ↘

FCF / Share $-0.87 ↗

Trailing P/E —

Price / Book 5.1x

FCF Yield —

Debt / Equity 1.57

info Valuation on last close. End-of-day price, Aug 7, 2026.

5-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$18.93M

↑ +287.9% —

Net Income Profit after all expenses

$-21.08M

↓ -134.6% —

Operating Margin Operating profit as % of sales

-23.4%

↑ +90.6% 9th

FCF / Share Free cash flow per share

$-0.87

↑ +43.0% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Financial Health ↑

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Revenue Growth YoY (%)	287.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3499%)	11990.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+149777%)	—	—	—
EPS Growth YoY (%)	5.6% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-898.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-6.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-328.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—
Net Income Growth YoY (%)	-134.6% Weak ↓ Weak Declining Year-over-year change in net income	-47.3% Weak ↑ Weak Improving Year-over-year change in net income	-119.8% Weak Weak Year-over-year change in net income	-150.4% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%)	43.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-1532.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	-44.8% Weak Weak Year-over-year change in free cash flow	-15.3% Weak Weak Year-over-year change in free cash flow	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Operating Margin (%) (%)	-23.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-256%)	-249.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1764%)	—	—	—
Effective Tax Rate (%) (%)	0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-21.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	-111.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1028%)	-184.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1635%)	—	—	—
FCF Margin (%) (%)	-48.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-207.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	0.43x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.44x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.45x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.24x Good Good Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Return on Invested Capital (%)	-26.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	127.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	94.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	39.7% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	12.1% Good Good Return earned on debt + equity capital invested Optimal: > 10%
Return on Capital (%) (%)	-19.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-200.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-74.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-10.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-0.5% Weak Weak Operating profit relative to total assets Optimal: > 10%
Return on Common Equity (%) (%)	—	94.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+528%)	114.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+665%)	21.2% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+41%)	12.4% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Debt to Equity (x)	1.57x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+161%)	—	—	—	—
Interest Coverage (x)	-10.29x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-22.59x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1667.10x Weak Weak Operating income divided by interest expense Optimal: > 5x	-185.26x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-303.00K	$-1.17M	—	—	—
Debt / EBITDA (x)	-2.35x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Revenue per Share (USD)	$1.81	$0.73	$0.00	$0.00	—
Basic EPS, GAAP (USD)	$-2.01	$-2.13	$-0.21	$-0.20	$-0.05
Free Cash Flow per Share (USD)	$-0.87	$-1.52	$-0.09	$-0.06	$-0.06
Book Value per Share (USD)	$0.54	$-1.07	$-0.18	$-0.67	$-0.45
Tangible Book Value per Share (USD)	$0.54	$-1.07	$-0.18	$-0.67	$-0.45
Basic Weighted Avg Shares (shares)	10.48M	6.66M	28.62M	19.62M	24.56M

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Working Capital (USD)	$14.22M	$-4.88M	$-2.52M	$-3.94M	$528.15K
LT Debt (USD)	$10.11M	—	—	—	—
Total Equity (USD)	$6.45M	$-9.54M	$-5.31M	$-13.08M	$-8.92M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Sales/Revenue/Turnover (USD)	$18.93M	$4.88M	$40.35K	$0.00	—
Depreciation Expense (USD)	$131.00K	$231.00K	$480.69K	—	—
Net Income, GAAP (USD)	$-21.08M	$-8.98M	$-6.10M	$-2.77M	$-1.11M
Operating Cash Flow (USD)	$-8.96M	$-10.03M	$-2.65M	$-1.26M	$-1.37M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 5 years · 21 quarters

QT IMAGING HOLDINGS, INC.

Analytical Summary

5-Year Financial Trajectory

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Bearish Risks

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