Stocktoria
QT IMAGING HOLDINGS, INC. QTI
Nasdaq · XNAS · stock · Electromedical & Electrotherapeutic Apparatus · website · IPO 2021-09-24
Chart by TradingView
5/9
Piotroski F — financial health
-4.34
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $18.9M | $4.9M | $40,355 | $0 | — |
| Gross profit | $8.6M | $2.6M | -$94,633 | — | — |
| Operating income | -$4.4M | -$12.2M | -$5.0M | -$4.3M | -$1.1M |
| Net income | -$21.1M | -$9.0M | -$6.1M | -$2.8M | -$1.1M |
| Operating cash flow | -$9.0M | -$10.0M | -$2.7M | -$1.3M | -$1.4M |
| Free cash flow | -$9.1M | -$10.1M | -$2.7M | — | — |
| Total assets | $23.0M | $6.1M | $6.7M | $41.9M | $233.6M |
| Total liabilities | $16.6M | $15.6M | $12.0M | $13.4M | $10.2M |
| Shareholders' equity | $6.4M | -$9.5M | -$5.3M | -$1.5M | -$8.9M |
| Ratios | |||||
| Gross margin | 45.4% | 54.1% | -234.5% | — | — |
| Operating margin | -23.4% | -249.6% | -12409.8% | — | — |
| Net margin | -111.4% | -184.2% | -15113.2% | — | — |
| FCF margin | -48.0% | -207.4% | -6601.9% | — | — |
| Return on assets | -91.6% | -147.6% | -90.9% | -6.6% | -0.5% |
| Return on equity | -327.1% | 94.2% | 114.8% | 184.0% | 12.4% |
| Debt / equity | 1.57× | -1.04× | — | — | — |
| Current ratio | 2.81 | 0.50 | 0.66 | 0.06 | 1.83 |
| Revenue growth | 287.9% | 11990.2% | — | — | — |
Why these scores methodology →
Piotroski F-score: 5/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -4.34 (distress)
- Working capital / assets 0.618
- Retained earnings / assets -2.303
- EBIT / assets -0.193
- Equity / liabilities 0.389
Sector peers
VFS · TM · HMC · SONY · AAPL · XOM · all Manufacturing →
Source: SEC EDGAR filings · CIK 0001844505 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.