QUIK (QUIK) financial statements
QUIK reported revenue of $14M in fiscal 2025, up 2.1% a year over 9 years.
Net income was -$15M and the operating margin -86.5%, against -164.6% in 2016.
Free cash flow was -$7M.
The diluted share count fell 75% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from QUIK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11M | $12M | $13M | $10M | $9M | $13M | $16M | $21M | $20M | $14M |
| Cost of revenue | $8M | $7M | $6M | $4M | $4M | $5M | $7M | $7M | $8M | $11M |
| Gross profit | $4M | $6M | $6M | $6M | $4M | $7M | $9M | $14M | $12M | $3M |
| Research and development | $12M | $10M | $10M | $12M | $8M | $7M | $5M | $6M | $6M | $5M |
| Selling, general and admin | $10M | $10M | $10M | $9M | $7M | $8M | $8M | $8M | $9M | $9M |
| Operating income | -$19M | -$14M | -$14M | -$15M | -$11M | -$8M | -$4M | $70,000 | -$3M | -$12M |
| Interest expense | $175,000 | $115,000 | $108,000 | $350,000 | $328,000 | $130,000 | $148,000 | $215,000 | $406,000 | $370,000 |
| Pre-tax income | -$19M | -$14M | -$14M | -$16M | -$11M | -$6M | -$4M | -$261,000 | -$3M | -$12M |
| Income tax | $65,000 | $87,000 | $152,000 | -$80,000 | $51,000 | $119,000 | $98,000 | $2,000 | $3,000 | $18,000 |
| Net income | -$19M | -$14M | -$14M | -$15M | -$11M | -$7M | -$4M | -$263,000 | -$4M | -$15M |
| EPS (diluted) | -$0.29 | -$0.18 | -$2.16 | -$2.02 | -$1.14 | -$0.57 | -$0.34 | -$0.02 | -$0.26 | -$0.91 |
| Diluted shares | 65M | 77M | 6M | 8M | 10M | 12M | 13M | 13M | 15M | 16M |
| Gross margin | 33.0% | 45.5% | 50.2% | 57.3% | 49.2% | 58.5% | 54.4% | 68.3% | 61.5% | 22.0% |
| Operating margin | -164.6% | -114.8% | -107.7% | -149.0% | -125.9% | -59.3% | -23.5% | 0.3% | -12.8% | -86.5% |
| Net margin | -167.7% | -116.3% | -109.1% | -149.8% | -129.2% | -52.2% | -26.4% | -1.2% | -19.5% | -107.6% |
Balance sheet
Fiscal years, from QUIK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $15M | $17M | $26M | $22M | $23M | $20M | $19M | $25M | $22M | $19M |
| Receivables | $839,000 | $925,000 | $2M | $2M | $2M | $999,000 | $3M | $2M | $2M | $3M |
| Inventory | $2M | $4M | $4M | $3M | $3M | $2M | $2M | $2M | $940,000 | $956,000 |
| Total current assets | $19M | $22M | $34M | $28M | $28M | $24M | $28M | $35M | $30M | $24M |
| Property, plant and equipment | $3M | $2M | $1M | $830,000 | $548,000 | $499,000 | $1M | $9M | $16M | $18M |
| Goodwill | — | — | — | $185,000 | $185,000 | $185,000 | $185,000 | $185,000 | $185,000 | — |
| Total assets | $22M | $25M | $36M | $33M | $33M | $29M | $33M | $48M | $52M | $45M |
| Total current liabilities | $10M | $9M | $19M | $18M | $18M | $19M | $20M | $30M | $25M | $21M |
| Long-term debt | $0 | $355,000 | $108,000 | — | — | — | — | — | — | — |
| Total liabilities | $10M | $10M | $19M | $20M | $20M | $20M | $21M | $31M | $27M | $22M |
| Shareholders' equity | $12M | $15M | $17M | $14M | $12M | $9M | $12M | $17M | $25M | $22M |
| Net debt | -$15M | -$16M | -$26M | -$22M | -$23M | -$20M | -$19M | -$25M | -$22M | -$19M |
Cash flow
Fiscal years, from QUIK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15M | -$13M | -$13M | -$12M | -$7M | -$3M | -$4M | $5M | $27,000 | -$3M |
| Capital spending | $2M | $642,000 | $351,000 | $941,000 | $1M | $713,000 | $814,000 | $6M | $6M | $4M |
| Free cash flow | -$17M | -$14M | -$13M | -$13M | -$8M | -$4M | -$5M | -$1M | -$6M | -$7M |
| Stock-based compensation | $2M | $1M | $2M | $3M | $2M | $3M | $2M | $3M | $5M | $3M |
| Net borrowing | — | — | $0 | $0 | $1M | -$400,000 | -$500,000 | -$700,000 | -$1M | -$2M |
| Free cash flow margin | -150.7% | -111.8% | -102.9% | -121.6% | -90.3% | -28.2% | -30.1% | -7.0% | -32.3% | -50.5% |
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Open QUIK in InvestinglyQuestions
What was QUIK's revenue in 2025?
$14M in fiscal 2025, from its 10-K filing.
How much free cash flow does QUIK generate?
-$7M in fiscal 2025 (operating cash flow minus capital spending).
From QUIK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.