QT Imaging Holdings, Inc. (QTI)

From the record

QT Imaging Holdings, Inc.'s filings since 2021 show 9 warning events of 2 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2024-09-13); a notice about its exchange listing (8-K item 3.01, 8 times, the latest 2025-10-20) (its current reports).

From the record

QT Imaging Holdings, Inc.'s 3 filed years say what it did: revenue went from $40 thousand in fiscal 2023 to $19 million in fiscal 2025, up 2061% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 0 of 3 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, QT Imaging Holdings, Inc. lost about 327 cents for every dollar of shareholders' money, and gross profitability: its products earned about 37 cents per dollar of everything the company owns. Leverage: it owed about 72 cents per dollar of assets, and net share issuance: its share count grew 57.3% over the year (the filed statements).

From the record

QT Imaging Holdings, Inc.'s standing among 24 graded names in its industry family: revenue of $19 million in fiscal 2025 ranks in the bottom 35% by size; a net margin of -111.4% ranks in the bottom 35%; revenue growth of 2061% a year over the last 2 filed years ranks in the top 2% (its annual reports).

From the record

QT Imaging Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Dinu, Raluca (Chief Executive Officer, as filed), filing under that title since 2021-09-23, 5.1 years (top 25% of its family); most of the 10 officers and directors filing now have filed since the record of its people begins (2024-03-04), a floor of 2.7 years the record cannot see past, so that part is not read; 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 18%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

QT Imaging Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $10 million against debt of $10 million leaves 1.3% of its assets as net cash, bottom 25% of its family; cash from operations less capital spending is -48% of revenue (bottom 28%); a gross margin of 45.4% (bottom 24%); research spending of 20.8% of revenue (top 34%) (its annual report).

From the record

QT Imaging Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2061% a year over the last three filed years against 2061% over all 3, speeding up (top 46% of its family); the newest year grew 288.2% (top 2%); research spending grew 62.7% a year (top 6%); capital spending grew 208.1% a year (top 6%) (its annual reports). QT Imaging Holdings, Inc. reported 2 product lines in fiscal 2025: Product at $19 million (99%), Service at $175 thousand (1%); 1 of 2 grew against the year before (its annual report).