QTEX QTREX Quantum Ltd.

Overview and Growth

In fiscal 2025, QTREX Quantum Ltd. recorded $289.00K of revenue, net loss of $13.22M, and an operating cash outflow of $9.86M. At $289.00K, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The company reported diluted EPS of -$0.45, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 29.62M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Compared with 18.52M diluted shares in fiscal 2024, the current 29.62M base was 60.0% higher. Total assets stood at $5.34M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.05x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $2.00K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 0.7% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $13.62M after the reported operating expense base. After all below-operating-line items, the company recorded a net loss of $13.22M for the fiscal year. EBITDA was negative $13.47M, showing a deficit before interest, taxes, depreciation, and amortization. The pretax result was a loss of $13.22M, establishing the deficit before tax effects. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. The net loss equaled 569.1% of period-end equity, showing the deficit relative to book capital. The net loss equaled 247.5% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit increased from $11.05M in fiscal 2024 to $13.22M.

Liquidity and Capital Structure

The company held $5.34M of assets against $3.02M of liabilities and $2.32M of equity, revealing how the asset base was financed. The near-term balance sheet paired $4.41M of current assets with $2.82M of current liabilities at the reporting date. At 1.56x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $3.16M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 111.9%, excluding receivables and other current assets. Book equity represented 43.5% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 56.5%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 59.1%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 33.8% from $8.07M in fiscal 2024, leaving current total assets lower year over year. Against $4.32M of equity in fiscal 2024, the current book-equity balance moved 46.3% and ended lower. Cash and equivalents were 38.2% lower than fiscal 2024 cash of $5.11M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $9.86M, rather than cash generation from operations. Capital spending of $103.00K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $9.96M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 186.6% of total assets, placing the cash shortfall against the company’s resource base. Compared with a $9.37M operating cash outflow in fiscal 2024, the current outflow increased to $9.86M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 26, 2026.