Stocktoria
QS Energy, Inc. QSEP
OTC · OOTC · stock · Oil & Gas Field Machinery & Equipment · website · IPO 2001-07-11
QS Energy, Inc. financials (annual, from 10-K)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $50,000 | $0 |
| R&D expense | $1.6M | $191,000 | $203,000 | $486,000 | $350,000 | $355,000 | $891,000 | $208,000 | $243,000 | $279,000 |
| Operating income | -$14.9M | -$1.6M | -$891,000 | -$1.3M | -$1.2M | -$1.8M | — | — | — | — |
| Interest expense | — | — | — | — | — | $145,000 | $68,000 | — | — | — |
| Income tax | $1,600 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,600 | $1,600 |
| Net income | -$15.3M | -$1.9M | -$1.2M | -$1.5M | -$1.4M | -$2.4M | -$5.6M | -$3.1M | -$4.8M | -$4.0M |
| EPS (diluted) | $-0.03 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — |
| Operating cash flow | -$4.0M | -$1.2M | -$629,000 | -$923,000 | -$722,000 | -$969,000 | -$2.7M | -$1.5M | -$1.8M | -$1.6M |
| Free cash flow | -$4.0M | -$1.2M | -$629,000 | -$924,000 | -$722,000 | -$969,000 | -$2.7M | -$1.5M | -$1.8M | -$1.6M |
| Total assets | $55,000 | $164,000 | $84,000 | $158,000 | $280,000 | $114,000 | $600,000 | $1.2M | $290,000 | $186,000 |
| Total liabilities | $5.9M | $5.9M | $5.3M | $4.8M | $4.5M | $3.6M | — | — | — | — |
| Shareholders' equity | -$5.9M | -$5.7M | -$5.2M | -$4.7M | -$4.2M | -$3.5M | -$2.3M | -$1.5M | -$1.9M | -$1.4M |
Growth · year-over-year
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | — | — | — | — | — | — | — | -100.0% | — | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Source: SEC EDGAR filings · CIK 0001103795 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.