QTTB (QTTB) financial statements
QTTB reported revenue of $54M in fiscal 2025, up 39.1% a year over 7 years.
Net income was $30M.
Free cash flow was -$34M.
The diluted share count rose 397% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from QTTB's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $5M | $2M | $3M | $34M | $3M | $1M | $0 | $54M |
| Research and development | $21M | $48M | $89M | $100M | $93M | $98M | $32M | $48M | $19M |
| Selling, general and admin | $8M | $17M | $22M | $33M | $37M | $38M | $10M | $18M | $18M |
| Operating income | -$30M | -$60M | -$110M | -$130M | -$96M | -$133M | -$48M | -$66M | $17M |
| Interest expense | — | — | — | — | — | — | $2M | — | — |
| Pre-tax income | — | — | — | — | -$96M | $1M | -$87M | -$46M | $30M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $715,000 | $318,000 | $21,000 | $0 |
| Net income | -$30M | -$56M | -$104M | -$129M | -$96M | -$5M | -$54M | -$48M | $30M |
| EPS (diluted) | -$12.10 | -$1.95 | -$2.47 | -$2.80 | -$1.73 | -$0.09 | -$153.96 | -$6.58 | $2.42 |
| Diluted shares | 2M | 29M | 42M | 46M | 55M | 57M | 0M | 10M | 12M |
| Operating margin | — | -1126.0% | -6599.2% | -4821.0% | -282.4% | -4154.6% | -4174.3% | — | 31.5% |
| Net margin | — | -1044.3% | -6237.5% | -4762.9% | -281.9% | -156.0% | -4649.0% | — | 55.5% |
Balance sheet
Fiscal years, from QTTB's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $130M | $215M | $262M | $217M | $156M | $175M | $26M | $78M | $48M |
| Total current assets | $132M | $222M | $267M | $220M | $192M | $181M | $29M | $82M | $55M |
| Property, plant and equipment | $3M | $36M | $43M | $37M | $2M | $1M | $2M | $1M | $979,000 |
| Total assets | $138M | $259M | $311M | $264M | $212M | $228M | $47M | $92M | $62M |
| Total current liabilities | $9M | $23M | $12M | $23M | $17M | $23M | $14M | $16M | $11M |
| Total liabilities | $39M | $63M | $52M | $68M | $42M | $50M | $119M | $87M | $20M |
| Shareholders' equity | -$39M | $196M | $259M | $196M | $170M | -$131M | -$183M | $6M | $42M |
| Net debt | -$52M | -$38M | -$54M | -$217M | -$108M | -$34M | -$26M | -$78M | -$48M |
Cash flow
Fiscal years, from QTTB's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6M | -$43M | -$91M | -$94M | -$110M | -$114M | -$19M | -$68M | -$34M |
| Capital spending | $2M | $25M | $22M | $4M | $2M | $1M | $5,000 | $75,000 | $0 |
| Free cash flow | $5M | -$68M | -$113M | -$98M | -$112M | -$115M | -$19M | -$68M | -$34M |
| Stock-based compensation | $277,000 | $3M | $8M | $13M | $17M | $13M | $1M | $4M | $5M |
| Free cash flow margin | — | -1268.3% | -6794.2% | -3629.3% | -330.1% | -3583.1% | -1616.1% | — | -62.4% |
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Open QTTB in InvestinglyQuestions
What was QTTB's revenue in 2025?
$54M in fiscal 2025, from its 10-K filing.
How much free cash flow does QTTB generate?
-$34M in fiscal 2025 (operating cash flow minus capital spending).
From QTTB's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.