What is Quantum-Si's operating income?

Quantum-Si's total operating income in 2025 was -$116.10 million, based on the following breakdown: Total Gross Profit: $1.15 million Total Operating Expenses: $117.25 million

Quantum-Si (QSI) Financials

$1.22 -0.05 (-3.94%)

Closing price 11/12/2026 04:00 PM Eastern

Extended Trading

$1.24 +0.02 (+1.23%)

As of 07:31 AM Eastern

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Annual Income Statements for Quantum-Si

This table shows Quantum-Si's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-36	-37	-95	-132	-96	-101	-101
Consolidated Net Income / (Loss)	-36	-37	-95	-132	-96	-101	-101
Net Income / (Loss) Continuing Operations	-36	-37	-95	-132	-96	-101	-101
Total Pre-Tax Income	-36	-37	-95	-132	-96	-101	-101
Total Operating Income	-37	-37	-97	-124	-111	-109	-116
Total Gross Profit	0.00	0.00	0.00	0.00	0.49	1.60	1.15
Total Revenue	0.00	0.00	0.00	0.00	1.08	3.06	2.44
Operating Revenue	-	-	0.00	0.00	1.08	3.06	2.44
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.59	1.46	1.28
Operating Cost of Revenue	-	-	0.00	0.00	0.59	1.46	1.28
Total Operating Expenses	37	37	97	124	112	110	117
Selling, General & Admin Expense	7.88	9.14	50	42	45	51	45
Research & Development Expense	28	28	47	72	67	60	54
Other Operating Expenses / (Income)	-	-	-	-	0.00	0.00	19
Total Other Income / (Expense), net	0.83	-0.02	1.92	-8.60	15	7.63	15
Interest & Investment Income	0.82	-	2.55	-15	15	11	9.66
Other Income / (Expense), net	0.01	-0.01	-0.63	6.70	0.09	-3.74	5.16
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.06	0.06
Basic Earnings per Share	($6.95)	($6.84)	($1.19)	($0.95)	($0.68)	($0.71)	($0.51)
Weighted Average Basic Shares Outstanding	5.15M	5.36M	79.58M	139.26M	141.30M	143.20M	197.77M
Diluted Earnings per Share	($6.95)	($6.84)	($1.19)	($0.95)	($0.68)	($0.71)	($0.51)
Weighted Average Diluted Shares Outstanding	5.15M	5.36M	79.58M	139.26M	141.30M	143.20M	197.77M
Weighted Average Basic & Diluted Shares Outstanding	-	-	138.67M	139.94M	141.77M	183.14M	216.37M

This table shows Quantum-Si's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-19	-23	-25	-33	-19	-29	-36	-18	-22	-24	-22
Consolidated Net Income / (Loss)	-19	-23	-25	-33	-19	-29	-36	-18	-22	-24	-22
Net Income / (Loss) Continuing Operations	-19	-23	-25	-33	-19	-29	-36	-18	-22	-24	-22
Total Pre-Tax Income	-19	-23	-25	-33	-19	-29	-36	-18	-22	-24	-22
Total Operating Income	-23	-26	-28	-31	-25	-30	-40	-21	-24	-26	-24
Total Gross Profit	0.27	0.35	0.37	0.61	0.49	0.35	0.19	0.12	0.07	0.17	0.07
Total Revenue	0.46	0.62	0.79	1.19	0.84	0.59	0.55	0.45	0.26	0.34	0.21
Operating Revenue	0.46	0.62	0.79	1.19	0.84	0.59	0.55	0.45	0.26	0.34	0.21
Total Cost of Revenue	0.19	0.27	0.42	0.58	0.36	0.24	0.36	0.33	0.18	0.17	0.14
Operating Cost of Revenue	0.19	0.27	0.42	0.58	0.36	0.24	0.36	0.33	0.18	0.17	0.14
Total Operating Expenses	24	27	28	31	26	30	40	21	24	26	24
Selling, General & Admin Expense	12	12	12	14	12	12	11	10	9.64	9.98	10
Research & Development Expense	12	14	16	17	14	15	14	11	14	16	14
Other Operating Expenses / (Income)	-	0.00	0.00	-	-	3.36	15	-	-	0.00	0.00
Total Other Income / (Expense), net	3.89	3.35	2.82	-2.43	5.93	1.30	4.09	3.49	2.26	2.10	1.46
Interest & Investment Income	3.57	2.89	2.69	2.22	2.55	2.31	2.58	2.22	1.88	1.66	1.48
Other Income / (Expense), net	0.31	0.47	0.13	-4.65	3.39	-1.01	1.51	1.27	0.39	0.44	-0.02
Income Tax Expense	0.00	0.00	0.04	0.01	0.01	0.02	0.02	0.01	-0.12	0.00	0.00
Basic Earnings per Share	($0.14)	($0.16)	($0.18)	($0.23)	($0.11)	($0.16)	($0.17)	($0.07)	($0.10)	($0.11)	($0.10)
Weighted Average Basic Shares Outstanding	141.77M	141.94M	142.40M	143.20M	182.30M	183.63M	209.04M	197.77M	216.47M	217.80M	218.98M
Diluted Earnings per Share	($0.14)	($0.16)	($0.18)	($0.23)	($0.11)	($0.16)	($0.17)	($0.07)	($0.10)	($0.11)	($0.10)
Weighted Average Diluted Shares Outstanding	141.77M	141.94M	142.40M	143.20M	182.30M	183.63M	209.04M	197.77M	216.47M	217.80M	218.98M
Weighted Average Basic & Diluted Shares Outstanding	141.82M	142.36M	142.71M	183.14M	183.50M	202.50M	215.49M	216.37M	217.76M	218.88M	219.74M

This table details how cash moves in and out of Quantum-Si's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-14	3.98	-1.13	49	50	-85	-28
Net Cash From Operating Activities	-31	-33	-67	-91	-94	-88	-95
Net Cash From Continuing Operating Activities	-31	-33	-67	-91	-94	-88	-95
Net Income / (Loss) Continuing Operations	-36	-37	-95	-132	-96	-101	-101
Consolidated Net Income / (Loss)	-36	-37	-95	-132	-96	-101	-101
Depreciation Expense	0.78	0.89	1.04	2.58	4.16	4.60	4.45
Amortization Expense	-	-	-	0.00	0.00	-8.41	-8.02
Non-Cash Adjustments To Reconcile Net Income	3.18	2.18	19	26	1.28	12	15
Changes in Operating Assets and Liabilities, net	1.13	0.96	7.74	13	-3.51	4.64	-4.58
Net Cash From Investing Activities	-1.24	-0.46	-451	137	143	-33	-28
Net Cash From Continuing Investing Activities	-1.24	-0.46	-451	137	143	-33	-28
Purchase of Property, Plant & Equipment	-1.24	-0.46	-5.76	-11	-5.27	-4.64	-2.52
Purchase of Investments	0.00	0.00	-441	-0.83	-124	-369	-405
Sale and/or Maturity of Investments	-	0.00	0.00	149	273	341	379
Net Cash From Financing Activities	18	37	517	1.91	0.15	36	95
Net Cash From Continuing Financing Activities	18	37	517	1.91	0.15	36	95
Repurchase of Common Equity	-0.05	-0.05	-0.00	0.00	-0.21	0.00	0.00
Issuance of Common Equity	-	-	-	0.00	0.00	35	94
Other Financing Activities, net	0.09	0.01	518	1.91	0.36	1.09	1.91
Effect of Exchange Rate Changes	-	-	-	0.00	0.00	-0.03	0.01
Cash Income Taxes Paid	-	-	-	-	0.00	0.00	0.02

This table details how cash moves in and out of Quantum-Si's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Net Change in Cash & Equivalents	-81	6.39	-17	6.97	-12	-15	8.72	-9.27	15	-10	1.93
Net Cash From Operating Activities	-23	-19	-23	-23	-26	-20	-32	-16	-26	-18	-20
Net Cash From Continuing Operating Activities	-23	-19	-23	-23	-26	-20	-32	-16	-26	-18	-20
Net Income / (Loss) Continuing Operations	-19	-23	-25	-33	-19	-29	-36	-18	-22	-24	-22
Consolidated Net Income / (Loss)	-19	-23	-25	-33	-19	-29	-36	-18	-22	-24	-22
Depreciation Expense	1.06	1.39	1.16	0.99	0.92	1.19	1.17	1.17	1.23	1.23	1.17
Amortization Expense	-2.12	-2.20	-2.19	-1.89	-2.13	-2.13	-2.20	-1.56	-0.89	-0.72	-0.55
Non-Cash Adjustments To Reconcile Net Income	2.53	3.53	3.73	2.59	0.30	4.84	6.16	3.46	3.86	3.08	3.23
Changes in Operating Assets and Liabilities, net	-5.20	1.84	-0.54	8.55	-6.05	4.74	-1.46	-1.81	-8.16	1.50	-2.03
Net Cash From Investing Activities	-57	25	5.87	-5.93	-34	5.04	-6.21	7.02	40	8.12	22
Net Cash From Continuing Investing Activities	-57	25	5.87	-5.93	-34	5.04	-6.21	7.02	40	8.12	22
Purchase of Property, Plant & Equipment	-1.11	-1.13	-0.98	-1.44	-1.31	-0.33	-0.90	0.02	-0.28	-0.08	-0.10
Purchase of Investments	-79	-130	-53	-107	-120	-72	-104	-109	-64	-25	-14
Sale and/or Maturity of Investments	23	156	60	103	87	77	98	116	105	34	36
Effect of Exchange Rate Changes	-0.01	-0.00	-0.00	-0.02	0.01	0.02	-0.01	-0.00	-0.07	-0.02	-0.02
Cash Income Taxes Paid	0.02	0.09	-	-	0.00	-	-	-	0.01	-	0.01

This table presents Quantum-Si's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	41	503	391	298	248	246
Total Current Assets	38	477	358	266	218	176
Cash & Equivalents	37	36	84	134	49	22
Short-Term Investments	0.00	436	267	124	160	141
Accounts Receivable	-	-	0.00	0.37	1.33	0.56
Inventories, net	-	-	0.00	3.95	4.07	3.20
Prepaid Expenses	0.95	5.87	6.87	4.26	3.01	4.55
Other Current Assets	-	-	-	-	0.00	4.64
Plant, Property, & Equipment, net	2.00	8.91	17	16	16	13
Total Noncurrent Assets	0.74	17	16	16	14	57
Long-Term Investments	-	-	-	-	0.00	53
Other Noncurrent Operating Assets	0.74	7.66	16	15	14	3.70
Total Liabilities & Shareholders' Equity	41	503	391	298	248	246
Total Liabilities	4.50	26	33	27	32	25
Total Current Liabilities	2.75	12	16	12	18	23
Accounts Payable	2.75	11	5.17	3.58	6.78	3.13
Accrued Expenses	-	-	3.62	1.52	2.38	3.36
Current Employee Benefit Liabilities	-	-	5.55	4.94	5.33	5.90
Other Current Liabilities	-	0.86	1.37	1.57	3.70	11
Total Noncurrent Liabilities	1.75	15	17	15	14	2.36
Other Noncurrent Operating Liabilities	0.00	15	17	15	14	2.36
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-160	477	359	272	215	220
Total Preferred & Common Equity	-160	477	359	272	215	220
Total Common Equity	-160	477	359	272	215	220
Common Stock	13	744	758	767	812	918
Retained Earnings	-172	-267	-400	-496	-597	-698
Accumulated Other Comprehensive Income / (Loss)	-	-	-	0.00	0.05	-0.01

This table presents Quantum-Si's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026	9/30/2026
Total Assets	318	276	257	236	271	254	260	213	194	173
Total Current Assets	285	244	226	206	242	226	238	135	119	112
Cash & Equivalents	94	53	60	42	37	22	31	36	24	26
Short-Term Investments	181	182	159	154	195	192	195	91	88	78
Accounts Receivable	0.47	0.24	0.60	1.02	1.03	0.92	0.76	0.20	0.06	0.11
Inventories, net	2.33	4.95	4.85	4.09	4.42	3.90	3.51	2.19	2.03	1.64
Prepaid Expenses	7.39	3.76	2.90	4.37	3.75	2.81	3.24	5.23	5.26	7.12
Other Current Assets	-	-	-	-	-	4.64	4.64	0.00	0.00	0.00
Plant, Property, & Equipment, net	18	16	16	16	16	15	13	12	11	9.56
Total Noncurrent Assets	16	15	14	14	13	13	8.76	66	64	51
Long-Term Investments	-	-	-	-	-	-	4.69	63	58	46
Other Noncurrent Operating Assets	15	15	14	14	13	13	4.07	3.33	5.46	5.06
Total Liabilities & Shareholders' Equity	318	276	257	236	271	254	260	213	194	173
Total Liabilities	26	22	23	26	24	33	25	13	13	13
Total Current Liabilities	11	7.97	11	15	13	24	22	11	12	12
Accounts Payable	9.48	3.05	4.83	4.99	5.73	6.01	3.44	3.35	3.94	4.57
Accrued Expenses	-	1.21	1.65	2.13	2.77	2.19	3.03	2.88	3.21	1.66
Current Employee Benefit Liabilities	-	2.10	2.88	4.60	2.13	3.44	4.78	2.21	2.96	3.58
Other Current Liabilities	1.52	1.61	1.66	3.61	1.94	12	11	2.28	1.84	1.85
Total Noncurrent Liabilities	15	14	12	11	12	9.40	2.82	1.90	1.43	1.01
Other Noncurrent Operating Liabilities	15	14	12	11	12	9.40	2.82	1.90	1.43	1.01
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	292	254	233	211	247	221	235	201	180	160
Total Preferred & Common Equity	292	254	233	211	247	221	235	201	180	160
Total Common Equity	292	254	233	211	247	221	235	201	180	160
Common Stock	766	769	771	774	863	866	915	921	924	927
Retained Earnings	-474	-515	-538	-564	-616	-645	-680	-720	-743	-766
Accumulated Other Comprehensive Income / (Loss)	-	-0.03	-0.01	0.15	-0.00	-0.04	0.05	-0.38	-0.44	-0.94

This table displays calculated financial ratios and metrics derived from Quantum-Si's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	14,780,000.00	137,416,283.00	139,818,995.00	141,728,034.00	-	215,489,665.00
DEI Adjusted Shares Outstanding	0.00	14,780,000.00	137,416,283.00	139,818,995.00	141,728,034.00	-	215,489,665.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-2.48	-0.69	-0.95	-0.68	-	-0.47
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.00%	182.62%	-20.34%
EBITDA Growth	0.00%	0.08%	-169.48%	-18.72%	6.66%	-8.60%	1.39%
EBIT Growth	0.00%	-0.23%	-165.75%	-20.10%	5.17%	-1.11%	1.22%
NOPAT Growth	0.00%	-0.19%	-164.12%	-27.79%	10.23%	2.33%	-6.93%
Net Income Growth	0.00%	-2.29%	-159.44%	-39.43%	27.55%	-5.26%	-0.33%
EPS Growth	0.00%	1.58%	82.60%	20.17%	28.42%	-4.41%	28.17%
Operating Cash Flow Growth	0.00%	-6.07%	-105.12%	-35.54%	-3.84%	6.64%	-7.88%
Free Cash Flow Firm Growth	0.00%	0.00%	-172.95%	-21.64%	4.58%	19.42%	-17.63%
Invested Capital Growth	0.00%	0.00%	517.46%	29.09%	87.68%	-58.10%	-23.31%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	58.65%	34.95%	-23.32%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	10.13%	-10.05%	-21.51%	12.26%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	9.60%	-9.96%	-12.02%	12.26%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-9.80%	8.97%	-2.64%	7.62%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-2.89%	10.36%	-12.31%	13.27%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-171.43%	10.53%	-10.94%	23.88%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-18.01%	-1.25%	-1.50%	-2.23%	6.45%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	3.71%	4.02%	-1.90%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-51.89%	-20.40%	-58.97%	-3.53%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	0.00%	0.00%	0.00%	0.00%	45.10%	52.32%	47.33%
EBITDA Margin	0.00%	0.00%	0.00%	0.00%	-9,882.35%	-3,797.32%	-4,700.74%
Operating Margin	0.00%	0.00%	0.00%	0.00%	-10,274.58%	-3,550.56%	-4,765.97%
EBIT Margin	0.00%	0.00%	0.00%	0.00%	-10,266.45%	-3,672.89%	-4,554.27%
Profit (Net Income) Margin	0.00%	0.00%	0.00%	0.00%	-8,868.76%	-3,303.04%	-4,160.06%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.06%	100.06%
Interest Burden Percent	97.75%	99.76%	97.39%	113.06%	86.39%	89.88%	91.29%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-731.39%	-771.61%	-1,581.42%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-725.43%	-760.91%	-1,571.99%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	700.94%	730.13%	1,534.90%
Return on Equity (ROE)	0.00%	-101.45%	-37.02%	-31.69%	-30.45%	-41.48%	-46.52%
Cash Return on Invested Capital (CROIC)	0.00%	-5,735.28%	-2,181.96%	-1,346.17%	-792.35%	-689.72%	-1,555.04%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	-32.21%	-41.13%	-44.96%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	-27.83%	-36.99%	-41.07%
Return on Common Equity (ROCE)	0.00%	449.01%	-22.90%	-31.69%	-30.45%	-41.48%	-46.52%
Return on Equity Simple (ROE_SIMPLE)	0.00%	22.92%	-19.91%	-36.92%	0.00%	-46.89%	0.00%
Net Operating Profit after Tax (NOPAT)	-26	-26	-68	-87	-78	-76	-81
NOPAT Margin	0.00%	0.00%	0.00%	0.00%	-7,192.21%	-2,485.39%	-3,336.18%
Net Nonoperating Expense Percent (NNEP)	0.00%	-62.17%	-10.72%	-11.12%	-5.96%	-10.70%	-9.44%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-24.17%	-28.65%	-35.28%	-36.90%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	54.90%	47.68%	52.67%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	4,125.14%	1,652.55%	1,837.19%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	6,194.55%	1,950.33%	2,206.86%
Operating Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	10,319.69%	3,602.88%	4,813.30%
Earnings before Interest and Taxes (EBIT)	-37	-37	-98	-117	-111	-112	-111
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-36	-36	-96	-115	-107	-116	-115
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.27	0.71	1.05	1.79	1.08
Price to Tangible Book Value (P/TBV)	0.00	0.00	2.31	0.71	1.05	1.79	1.08
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	263.28	126.01	97.31
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	334.77	106.49	0.00	1.95	30.21	4.77
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	25.08	57.46	8.73
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.05	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.05	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.97	-0.99	-0.98	-0.97	-0.96	-0.98
Leverage Ratio	0.00	1.12	1.06	1.07	1.09	1.12	1.13
Compound Leverage Factor	0.00	1.12	1.03	1.21	0.95	1.01	1.03
Debt to Total Capital	0.00%	4.62%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	4.62%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	517.51%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-422.13%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	-0.05	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.98	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	-0.05	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	-0.07	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	1.37	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	-0.07	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	12.10	24.50	3.32	3.89	3.24	0.89
Noncontrolling Interest Sharing Ratio	0.00%	542.59%	38.16%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	13.75	41.39	22.81	22.94	11.99	7.64
Quick Ratio	0.00	13.40	40.88	22.37	22.23	11.60	7.10
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-27	-73	-88	-84	-68	-80
Operating Cash Flow to CapEx	-2,474.46%	-7,065.73%	-1,159.34%	-843.12%	-1,783.35%	-1,891.32%	-3,763.09%
Free Cash Flow to Firm to Interest Expense	0.00	-2,956.86	-14,527.52	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	-3,619.22	-13,362.60	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-3,670.44	-14,515.20	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.01	0.01
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	3.60	2.57
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.36	0.35
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.07	0.19	0.17
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.14	0.28	0.26
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	101.51	141.89
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	1,002.87	1,033.27
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	2,689.57	1,296.78	1,409.22
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	-2,689.57	-192.39	-234.06
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	0.93	5.73	7.40	14	5.82	4.46
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.10	0.31	0.47
Increase / (Decrease) in Invested Capital	0.00	0.93	4.80	1.67	6.49	-8.07	-1.36
Enterprise Value (EV)	0.00	311	610	-95	27	176	21
Market Capitalization	100	150	1,081	256	285	385	237
Book Value per Share	$0.00	($10.81)	$3.47	$2.57	$1.92	$1.51	$1.02
Tangible Book Value per Share	$0.00	($10.81)	$3.40	$2.57	$1.91	$1.51	$1.02
Total Capital	0.00	38	477	359	272	215	220
Total Debt	0.00	1.75	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	1.75	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-35	-471	-351	-258	-210	-216
Capital Expenditures (CapEx)	1.24	0.46	5.76	11	5.27	4.64	2.52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-1.81	-5.66	-8.83	-3.04	-9.78	-10
Debt-free Net Working Capital (DFNWC)	0.00	35	466	342	255	200	153
Net Working Capital (NWC)	0.00	35	466	342	255	200	153
Net Nonoperating Expense (NNE)	10	11	27	46	18	25	20
Net Nonoperating Obligations (NNO)	0.00	-35	-471	-351	-258	-210	-216
Total Depreciation and Amortization (D&A)	0.78	0.89	1.04	2.58	4.16	-3.81	-3.57
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	-280.50%	-319.85%	-413.59%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	23,539.83%	6,534.40%	6,274.01%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	23,539.83%	6,534.40%	6,274.01%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.19)	($0.95)	($0.68)	($0.71)	($0.51)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	79.58M	139.26M	141.30M	143.20M	197.77M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.19)	($0.95)	($0.68)	($0.71)	($0.51)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	79.58M	139.26M	141.30M	143.20M	197.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	138.67M	139.94M	141.77M	183.14M	216.37M
Normalized Net Operating Profit after Tax (NOPAT)	-26	-26	-68	-80	-78	-76	-81
Normalized NOPAT Margin	0.00%	0.00%	0.00%	0.00%	-7,192.21%	-2,485.39%	-3,336.18%
Pre Tax Income Margin	0.00%	0.00%	0.00%	0.00%	-8,868.76%	-3,301.21%	-4,157.68%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-4,077.89	-19,506.60	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	-2,853.74	-13,567.12	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-4,129.11	-20,659.20	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-2,904.97	-14,719.72	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.14%	-0.14%	0.00%	0.00%	-0.22%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Quantum-Si's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
DEI Shares Outstanding	141,769,917.00	141,816,489.00	142,361,302.00	-	183,139,605.00	183,498,116.00	202,495,198.00	215,489,665.00	216,368,773.00	217,760,163.00	218,883,912.00
DEI Adjusted Shares Outstanding	141,769,917.00	141,816,489.00	142,361,302.00	-	183,139,605.00	183,498,116.00	202,495,198.00	215,489,665.00	216,368,773.00	217,760,163.00	218,883,912.00
DEI Earnings Per Adjusted Shares Outstanding	-0.14	-0.16	-0.18	-	-0.10	-0.16	-0.18	-0.08	-0.10	-0.11	-0.10
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	79.92%	203.41%	252.91%	198.00%	84.25%	-4.98%	-29.86%	-62.16%	-69.36%	-41.79%	-61.59%
EBITDA Growth	13.81%	0.60%	-19.67%	-30.46%	4.84%	-19.64%	-35.50%	44.18%	-1.70%	23.03%	41.02%
EBIT Growth	19.89%	7.38%	-10.08%	-22.42%	5.74%	-19.79%	-36.86%	43.88%	-8.94%	19.07%	37.82%
NOPAT Growth	20.06%	1.64%	-3.36%	-10.02%	-7.50%	-13.87%	-41.60%	31.24%	4.22%	14.91%	40.22%
Net Income Growth	17.52%	9.67%	-2.37%	-50.22%	1.46%	-24.84%	-41.05%	46.83%	-12.93%	18.39%	37.50%
EPS Growth	17.65%	11.11%	-5.88%	-43.75%	21.43%	0.00%	5.56%	69.57%	9.09%	31.25%	41.18%
Operating Cash Flow Growth	19.13%	19.07%	-7.97%	-9.12%	-12.69%	-8.86%	-38.29%	28.56%	1.97%	8.68%	36.02%
Free Cash Flow Firm Growth	41.29%	35.51%	22.24%	48.44%	23.75%	18.24%	-11.54%	-0.01%	4.84%	-69.17%	-24.88%
Invested Capital Growth	8.45%	-16.38%	-18.72%	-58.10%	-21.92%	-55.28%	-67.38%	-23.31%	-27.49%	52.66%	134.00%
Revenue Q/Q Growth	14.25%	36.11%	26.53%	51.46%	-29.36%	-29.81%	-6.60%	-18.30%	-42.79%	33.33%	-38.37%
EBITDA Q/Q Growth	13.17%	-11.19%	-8.17%	-24.92%	36.66%	-39.79%	-22.51%	48.54%	-15.41%	-5.80%	6.13%
EBIT Q/Q Growth	20.13%	-12.75%	-7.59%	-26.35%	38.50%	-43.28%	-22.92%	48.19%	-19.38%	-6.44%	5.55%
NOPAT Q/Q Growth	16.22%	-13.23%	-6.19%	-9.22%	18.14%	-19.94%	-32.05%	46.96%	-14.03%	-6.55%	7.23%
Net Income Q/Q Growth	11.67%	-18.61%	-9.58%	-30.85%	42.06%	-50.27%	-23.81%	50.67%	-23.05%	-8.60%	5.18%
EPS Q/Q Growth	12.50%	-14.29%	-12.50%	-27.78%	52.17%	-45.45%	-6.25%	58.82%	-42.86%	-10.00%	9.09%
Operating Cash Flow Q/Q Growth	-10.68%	20.06%	-24.79%	1.17%	-14.30%	22.78%	-58.53%	48.95%	-56.84%	28.06%	-11.07%
Free Cash Flow Firm Q/Q Growth	31.62%	12.55%	-5.46%	18.23%	-1.12%	6.23%	-43.86%	26.68%	3.79%	-66.70%	-6.20%
Invested Capital Q/Q Growth	32.10%	-17.43%	-6.39%	-58.97%	146.16%	-52.71%	-31.72%	-3.53%	132.75%	-0.43%	4.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.86%	56.91%	46.63%	51.17%	57.72%	59.39%	35.14%	27.05%	28.68%	50.00%	34.91%
EBITDA Margin	-5,274.84%	-4,309.16%	-3,684.12%	-3,038.51%	-2,724.47%	-5,426.06%	-7,117.03%	-4,482.48%	-9,043.02%	-7,175.58%	-10,929.72%
Operating Margin	-5,111.60%	-4,252.57%	-3,569.00%	-2,573.57%	-2,982.42%	-5,096.45%	-7,205.25%	-4,677.16%	-9,322.87%	-7,450.29%	-11,215.09%
EBIT Margin	-5,043.33%	-4,177.81%	-3,552.48%	-2,963.51%	-2,580.17%	-5,267.01%	-6,931.88%	-4,395.79%	-9,173.64%	-7,323.26%	-11,223.58%
Profit (Net Income) Margin	-4,261.27%	-3,713.67%	-3,216.39%	-2,778.61%	-2,278.98%	-4,879.19%	-6,467.93%	-3,904.88%	-8,399.61%	-6,841.28%	-10,526.42%
Tax Burden Percent	100.00%	100.00%	100.17%	100.04%	100.06%	100.07%	100.05%	100.05%	99.44%	100.00%	100.00%
Interest Burden Percent	84.49%	88.89%	90.39%	93.72%	88.28%	92.57%	93.26%	88.79%	92.08%	93.42%	93.79%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-260.87%	-304.73%	-358.12%	-559.29%	-440.18%	-1,110.87%	-1,704.66%	-1,551.95%	-978.56%	-978.42%	-1,286.06%
ROIC Less NNEP Spread (ROIC-NNEP)	-259.75%	-302.95%	-355.72%	-554.30%	-439.49%	-1,107.28%	-1,700.97%	-1,550.62%	-976.27%	-975.51%	-1,283.08%
Return on Net Nonoperating Assets (RNNOA)	244.30%	284.58%	333.34%	531.88%	410.83%	1,053.86%	1,629.22%	1,514.03%	922.40%	933.91%	1,232.96%
Return on Equity (ROE)	-16.57%	-20.14%	-24.78%	-27.41%	-29.36%	-57.01%	-75.44%	-37.92%	-56.16%	-44.52%	-53.10%
Cash Return on Invested Capital (CROIC)	-426.35%	-423.67%	-447.77%	-689.72%	-448.32%	-651.85%	-834.31%	-1,555.04%	-620.13%	-946.23%	-937.35%
Operating Return on Assets (OROA)	-20.23%	-23.78%	-29.03%	-33.19%	-32.49%	-70.32%	-88.70%	-43.40%	-70.12%	-52.47%	-65.58%
Return on Assets (ROA)	-17.10%	-21.14%	-26.29%	-31.12%	-28.70%	-65.14%	-82.76%	-38.55%	-64.21%	-49.02%	-61.50%
Return on Common Equity (ROCE)	-16.57%	-20.14%	-24.78%	-27.41%	-29.36%	-57.01%	-75.44%	-37.92%	-56.16%	-44.52%	-53.10%
Return on Equity Simple (ROE_SIMPLE)	-36.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-16	-19	-20	-21	-18	-21	-28	-15	-17	-18	-17
NOPAT Margin	-3,578.12%	-2,976.80%	-2,498.30%	-1,801.50%	-2,087.70%	-3,567.51%	-5,043.68%	-3,274.01%	-6,526.01%	-5,215.20%	-7,850.57%
Net Nonoperating Expense Percent (NNEP)	-1.12%	-1.78%	-2.40%	-4.98%	-0.69%	-3.59%	-3.68%	-1.34%	-2.29%	-2.91%	-2.99%
Return On Investment Capital (ROIC_SIMPLE)	-6.44%	-7.94%	-9.34%	-9.97%	-7.12%	-9.54%	-11.84%	-6.70%	-8.39%	-9.96%	-10.39%
Cost of Revenue to Revenue	41.14%	43.09%	53.37%	48.83%	42.28%	40.61%	64.86%	72.95%	71.32%	50.00%	65.09%
SG&A Expenses to Revenue	2,522.54%	1,997.43%	1,560.86%	1,199.58%	1,411.05%	2,012.86%	1,939.67%	2,277.16%	3,736.43%	2,900.29%	4,750.47%
R&D to Revenue	2,647.92%	2,312.06%	2,054.76%	1,425.17%	1,629.10%	2,574.11%	2,515.04%	2,427.05%	5,615.12%	4,600.00%	6,499.53%
Operating Expenses to Revenue	5,170.46%	4,309.49%	3,615.63%	2,624.75%	3,040.14%	5,155.84%	7,240.40%	4,704.21%	9,351.55%	7,500.29%	11,250.00%
Earnings before Interest and Taxes (EBIT)	-23	-26	-28	-35	-22	-31	-38	-20	-24	-25	-24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-24	-27	-29	-36	-23	-32	-39	-20	-23	-25	-23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.10	0.64	0.60	1.79	0.89	1.63	1.21	1.08	0.83	1.07	1.46
Price to Tangible Book Value (P/TBV)	1.10	0.64	0.60	1.79	0.89	1.63	1.21	1.08	0.83	1.07	1.46
Price to Revenue (P/Rev)	217.34	87.49	55.42	126.01	63.83	105.41	89.87	97.31	90.43	120.07	185.14
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.39	0.00	0.00	30.21	0.00	21.48	11.89	4.77	0.00	2.21	7.84
Enterprise Value to Revenue (EV/Rev)	34.13	0.00	0.00	57.46	0.00	42.63	17.31	8.73	0.00	14.24	67.04
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.94	-0.94	-0.94	-0.96	-0.93	-0.95	-0.96	-0.98	-0.94	-0.96	-0.96
Leverage Ratio	1.08	1.09	1.10	1.12	1.09	1.13	1.11	1.13	1.08	1.12	1.10
Compound Leverage Factor	0.91	0.97	1.00	1.05	0.96	1.04	1.04	1.01	1.00	1.04	1.03
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.82	1.55	0.16	4.26	3.01	3.47	3.72	2.12	3.59	3.51	5.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	30.65	20.57	13.42	11.99	19.24	9.43	10.75	7.64	12.60	9.97	9.64
Quick Ratio	29.56	19.87	12.86	11.60	18.59	8.96	10.23	7.10	11.91	9.36	8.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-18	-16	-16	-13	-14	-13	-18	-13	-13	-22	-23
Operating Cash Flow to CapEx	-2,100.27%	-1,646.23%	-2,374.67%	-1,594.49%	-2,001.07%	-6,176.45%	-3,557.67%	0.00%	-9,189.25%	-23,646.15%	-21,563.16%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Accounts Receivable Turnover	7.93	3.68	3.05	3.60	5.41	4.50	3.58	2.57	3.00	3.30	2.93
Inventory Turnover	0.20	0.23	0.34	0.36	0.35	0.37	0.40	0.35	0.34	0.35	0.32
Fixed Asset Turnover	0.07	0.10	0.13	0.19	0.21	0.22	0.21	0.17	0.13	0.12	0.11
Accounts Payable Turnover	0.11	0.12	0.15	0.28	0.37	0.29	0.36	0.26	0.24	0.21	0.21
Days Sales Outstanding (DSO)	46.02	99.18	119.84	101.51	67.53	81.03	102.08	141.89	121.70	110.75	124.65
Days Inventory Outstanding (DIO)	1,862.51	1,572.31	1,066.41	1,002.87	1,051.56	1,000.10	903.47	1,033.27	1,086.46	1,037.61	1,142.68
Days Payable Outstanding (DPO)	3,285.28	3,116.08	2,406.07	1,296.78	985.57	1,237.87	1,002.09	1,409.22	1,491.70	1,741.36	1,776.66
Cash Conversion Cycle (CCC)	-1,376.76	-1,444.59	-1,219.82	-192.39	133.53	-156.74	3.46	-234.06	-283.55	-593.00	-509.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	18	15	14	5.82	14	6.77	4.62	4.46	10	10	11
Invested Capital Turnover	0.07	0.10	0.14	0.31	0.21	0.31	0.34	0.47	0.15	0.19	0.16
Increase / (Decrease) in Invested Capital	1.43	-2.97	-3.26	-8.07	-4.02	-8.37	-9.55	-1.36	-3.94	3.57	6.20
Enterprise Value (EV)	44	-69	-71	176	-13	145	55	21	-23	23	85
Market Capitalization	279	149	126	385	220	360	286	237	167	193	234
Book Value per Share	$1.79	$1.64	$1.48	$1.51	$1.35	$1.20	$1.16	$1.02	$0.93	$0.83	$0.73
Tangible Book Value per Share	$1.79	$1.64	$1.48	$1.51	$1.35	$1.20	$1.16	$1.02	$0.93	$0.83	$0.73
Total Capital	254	233	211	215	247	221	235	220	201	180	160
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-235	-218	-196	-210	-233	-214	-231	-216	-190	-170	-149
Capital Expenditures (CapEx)	1.11	1.13	0.98	1.44	1.31	0.33	0.90	-0.02	0.28	0.08	0.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.97	-2.66	-5.86	-9.78	-3.37	-12	-10	-10	-3.08	-4.60	-2.79
Debt-free Net Working Capital (DFNWC)	236	215	190	200	229	202	216	153	124	107	101
Net Working Capital (NWC)	236	215	190	200	229	202	216	153	124	107	101
Net Nonoperating Expense (NNE)	3.12	4.58	5.65	12	1.61	7.75	7.86	2.85	4.83	5.59	5.67
Net Nonoperating Obligations (NNO)	-235	-218	-196	-210	-233	-214	-231	-216	-190	-170	-149
Total Depreciation and Amortization (D&A)	-1.06	-0.82	-1.04	-0.89	-1.22	-0.94	-1.02	-0.39	0.34	0.51	0.62
Debt-free, Cash-free Net Working Capital to Revenue	75.64%	-155.99%	-258.52%	-319.85%	-97.73%	-344.55%	-314.79%	-413.59%	-166.47%	-286.60%	-220.71%
Debt-free Net Working Capital to Revenue	18,397.12%	12,659.34%	8,406.27%	6,534.40%	6,658.03%	5,933.62%	6,793.93%	6,274.01%	6,709.23%	6,675.45%	7,961.66%
Net Working Capital to Revenue	18,397.12%	12,659.34%	8,406.27%	6,534.40%	6,658.03%	5,933.62%	6,793.93%	6,274.01%	6,709.23%	6,675.45%	7,961.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.14)	($0.16)	($0.18)	($0.23)	($0.11)	($0.16)	($0.17)	($0.07)	($0.10)	($0.11)	($0.10)
Adjusted Weighted Average Basic Shares Outstanding	141.77M	141.94M	142.40M	143.20M	182.30M	183.63M	209.04M	197.77M	216.47M	217.80M	218.98M
Adjusted Diluted Earnings per Share	($0.14)	($0.16)	($0.18)	($0.23)	($0.11)	($0.16)	($0.17)	($0.07)	($0.10)	($0.11)	($0.10)
Adjusted Weighted Average Diluted Shares Outstanding	141.77M	141.94M	142.40M	143.20M	182.30M	183.63M	209.04M	197.77M	216.47M	217.80M	218.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	141.82M	142.36M	142.71M	183.14M	183.50M	202.50M	215.49M	216.37M	217.76M	218.88M	219.74M
Normalized Net Operating Profit after Tax (NOPAT)	-16	-19	-20	-21	-18	-21	-28	-15	-17	-18	-17
Normalized NOPAT Margin	-3,578.12%	-2,976.80%	-2,498.30%	-1,801.50%	-2,087.70%	-3,567.51%	-5,043.68%	-3,274.01%	-6,526.01%	-5,215.20%	-7,850.57%
Pre Tax Income Margin	-4,261.27%	-3,713.67%	-3,210.93%	-2,777.52%	-2,277.67%	-4,875.80%	-6,464.49%	-3,903.10%	-8,446.90%	-6,841.28%	-10,526.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.30%	-0.31%	-0.15%	0.00%	0.00%	0.07%	0.06%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Quantum-Si’s Q2 2026 results show modest sequential revenue improvement, but the company remains unprofitable and cash-flow negative. Revenue increased to $344,000 from $258,000 in Q1 2026, while gross profit rose to $172,000. However, Q2 revenue remained well below the $591,000 reported in Q2 2025. The company continues to operate at a substantial loss as research and development and selling, general and administrative expenses significantly exceed revenue.

Sequential revenue growth: Q2 2026 revenue increased approximately 33% from Q1 2026, reversing some of the recent quarterly decline. Gross margin also improved to 50%, compared with approximately 29% in Q1.
Strong liquidity relative to liabilities: Quantum-Si held approximately $169.7 million in cash, short-term investments and long-term investments at June 30, 2026. Total liabilities were only $13.4 million, providing a substantial balance-sheet cushion.
Investment income provides support: Interest and investment income contributed $1.7 million in Q2 2026, helping reduce the company’s pretax loss. The company has consistently generated investment income because of its sizeable portfolio of cash and marketable securities.
Minimal debt burden: The balance sheet contains no reported traditional debt, and noncurrent liabilities were only $1.4 million at the end of Q2 2026. This limits near-term interest and refinancing risk.
Investment portfolio continues to be actively managed: Q2 investing cash flow was positive $8.1 million as $33.5 million of investments matured or were sold against $24.9 million of purchases. This activity supports liquidity, although it does not represent operating cash generation.
Balance-sheet assets have contracted: Total assets declined to $193.6 million in Q2 2026 from $213.3 million in Q1 2026 and $254.4 million in Q2 2025. The decline largely reflects reduced cash and investment balances as the company funds operations.
Persistent operating losses: Quantum-Si reported a Q2 2026 net loss of $23.5 million, or $0.11 per share, following a $21.7 million loss in Q1 2026. The company has posted recurring quarterly losses throughout the provided period, with retained earnings reaching a deficit of $743.2 million.
Operating expenses remain disproportionate to revenue: Q2 2026 operating expenses totaled $25.8 million, including $15.8 million of research and development and $10.0 million of SG&A. These expenses were roughly 75 times quarterly revenue, resulting in a $25.6 million operating loss.
Continued cash burn: Operating activities consumed $18.4 million in Q2 2026, after using $25.6 million in Q1. Operating cash flow has been negative in every reported quarter in the supplied data, increasing the importance of future revenue growth or additional financing.
Share count has expanded materially: Weighted average basic shares increased to 217.8 million in Q2 2026 from 141.9 million in Q2 2024. Although recent financing has helped fund the business, the higher share count represents dilution for existing shareholders.

Overall, Quantum-Si maintains a relatively strong liquidity position and low liabilities, but its investment case remains dependent on accelerating commercial revenue and reducing operating losses. The Q2 sequential improvement is encouraging, yet the year-over-year revenue decline, ongoing cash burn and substantial accumulated deficit remain significant risks.

11/13/26 07:33 AM ETAI Generated. May Contain Errors.

Quantum-Si Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Quantum-Si's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Quantum-Si's net income appears to be on a downward trend, with a most recent value of -$101.34 million in 2025, falling from -$35.79 million in 2019. The previous period was -$101.01 million in 2024. See where experts think Quantum-Si is headed by visiting Quantum-Si's forecast page.

Quantum-Si's total operating income in 2025 was -$116.10 million, based on the following breakdown:

Total Gross Profit: $1.15 million
Total Operating Expenses: $117.25 million

Over the last 6 years, Quantum-Si's total revenue changed from $0.00 in 2019 to $2.44 million in 2025, a change of 243,600,000.0%.

In the past 12 quarters, Quantum-Si's cash and equivalents has ranged from $22.19 million in Q2 2025 to $93.82 million in Q3 2023, and is currently $25.58 million as of their latest financial filing in Q3 2026.

Quantum-Si had total debt of $0.00 at the end of 2025, compared with none in 2024, and none in 2019.

Over the last 6 years, Quantum-Si's book value per share changed from 0.00 in 2019 to 1.02 in 2025, a change of 102.2%.

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Financial statements for NASDAQ:QSI last updated on 11/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Quantum-Si (QSI) Financials

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Quantum-Si (QSI) Financials

Annual Income Statements for Quantum-Si

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Quarterly Cash Flow Statements for Quantum-Si

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Quarterly Balance Sheets for Quantum-Si

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Quarterly Metrics And Ratios for Quantum-Si

Financials Breakdown Chart

Key Financial Trends

Quantum-Si Financials - Frequently Asked Questions

When does Quantum-Si's financial year end?

How has Quantum-Si's net income changed over the last 6 years?

What is Quantum-Si's operating income?

How has Quantum-Si's revenue changed over the last 6 years?

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How has Quantum-Si's book value per share changed over the last 6 years?

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