Quantum-Si incorporated (QSI) Balance Sheet
QSI balance sheet, 2025
December 31, 2025 · U.S. dollars$245.6M assets = $25.4M liabilities + $220.2M equity
Both columns are drawn to the same scale: what QSI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
QSI financial health
Descriptive bands, not a rating. Fiscal 2025.
QSI balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $37.4M2019 | $245.6M2025 | +36.8%/yr | |
| Total liabilities | $1.9M2019 | $25.4M2025 | +53.7%/yr | |
| Shareholders’ equity | $35.5M2019 | $220.2M2025 | +35.6%/yr | |
| Cash & short-term investments | $32.9M2019 | $162.9M2025 | +30.5%/yr | |
| Total debt | $1.7M2020 | $4.2M2025 | +19.0%/yr | |
| Net cash (debt) | $35.2M2020 | $158.7M2025 | +$123.6M | |
| Working capital | $31.9M2019 | $152.8M2025 | +$120.9M | |
| Book value per share | $0.262019 | $1.112025 | +27.4%/yr | |
| Current ratio | 17.572019 | 7.642025 | −9.94 | |
| Debt / equity | 0.052020 | 0.022025 | −0.03 | |
| Shares outstanding | 136.4M2019 | 197.8M2025 | +6.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
QSI assets
QSI liabilities and equity
QSI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
QSI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $162.9M | $209.6M | $257.7M | $351.3M | $471.3M | $36.9M | $32.9M |
| Cash & equivalents | $21.6M | $49.2M | $133.9M | $84.3M | $35.8M | $36.9M | $32.9M |
| Short-term investments | $141.3M | $160.4M | $123.9M | $267.0M | $435.5M | $0 | — |
| Receivables | $561,000 | $1.3M | $368,000 | $206,000 | $872,000 | $550,000 | $826,000 |
| Inventory | $3.2M | $4.1M | $3.9M | −$206,000 | −$872,000 | $0 | $0 |
| Other current assets | $9.2M | $3.0M | $4.3M | $6.9M | $5.9M | $398,000 | $110,000 |
| Total current assets | $175.9M | $218.0M | $266.3M | $358.2M | $477.2M | $37.9M | $33.9M |
| Property, plant & equipment (net) | $16.7M | $29.1M | $30.7M | $32.6M | $15.9M | $2.0M | $2.6M |
| Goodwill & intangible assets | $0 | $0 | $532,000 | $0 | $9.5M | $0 | $0 |
| Long-term investments | $52.9M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $234,000 | $808,000 | $695,000 | $697,000 | $690,000 | $738,000 | $994,000 |
| Total assets | $245.6M | $247.9M | $298.2M | $391.5M | $503.2M | $40.6M | $37.4M |
| Liabilities | |||||||
| Accounts payable | $1.6M | $1.9M | $1.8M | $3.9M | $3.4M | $1.3M | $869,000 |
| Short-term debt | $1.8M | $3.7M | $1.6M | $1.4M | $859,000 | $399,000 | — |
| Deferred revenue | $3.5M | — | −$47,000 | $3.6M | $7.3M | $399,000 | — |
| Total current liabilities | $23.0M | $18.2M | $11.6M | $15.7M | $11.5M | $2.8M | $1.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $1.7M | $0 |
| Lease obligations | $4.2M | $12.9M | $15.3M | $17.4M | $8.1M | $0 | — |
| Other long-term liabilities | $2.4M | $14.3M | $15.0M | $17.1M | $14.7M | $0 | $0 |
| Total liabilities | $25.4M | $32.5M | $26.6M | $32.8M | $26.2M | $4.5M | $1.9M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $22,000 | $18,000 | $14,000 | $14,000 | $14,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$698.0M | −$596.6M | −$495.6M | −$399.7M | −$267.2M | −$172.2M | −$135.6M |
| Accumulated other comprehensive income | −$6,000 | $45,000 | — | — | −$503.2M | — | — |
| Total shareholders' equity | $220.2M | $215.4M | $271.6M | $358.7M | $477.0M | $36.1M | $35.5M |
| Key figures | |||||||
| Total debt | $4.2M | $12.9M | $15.3M | $17.4M | $8.1M | $1.7M | — |
| Net cash (debt) | $158.7M | $196.7M | $242.4M | $333.9M | $463.2M | $35.2M | — |
| Working capital | $152.8M | $199.8M | $254.7M | $342.5M | $465.6M | $35.1M | $31.9M |
| Tangible book value | $220.2M | $215.4M | $271.1M | $358.7M | $467.6M | $36.1M | $35.5M |
| Book value per share | $1.11 | $1.50 | $1.92 | $2.58 | $5.99 | — | $0.26 |
| Shares outstanding | 197.8M | 143.2M | 141.3M | 139.3M | 79.6M | — | 136.4M |
| Current ratio | 7.64 | 11.99 | 22.94 | 22.81 | 41.39 | 13.75 | 17.57 |
| Quick ratio | 7.10 | 11.60 | 22.23 | 22.38 | 40.96 | 13.60 | 17.52 |
| Debt / equity | 0.02 | 0.06 | 0.06 | 0.05 | 0.02 | 0.05 | — |
| Equity / assets | 89.7% | 86.9% | 91.1% | 91.6% | 94.8% | 88.9% | 94.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $111.7M | $127.3M | $162.9M | $225.8M | $214.2M | $232.6M | $209.6M | $196.3M | $218.1M | $235.4M | $257.7M | $274.6M |
| Cash & equivalents | $23.7M | $36.2M | $21.6M | $30.9M | $22.2M | $37.3M | $49.2M | $42.3M | $59.6M | $53.2M | $133.9M | $93.8M |
| Short-term investments | $88.1M | $91.1M | $141.3M | $194.9M | $192.0M | $195.3M | $160.4M | $154.1M | $158.6M | $182.3M | $123.9M | $180.8M |
| Receivables | $57,000 | $203,000 | $5.2M | $5.4M | $5.6M | $1.0M | $1.3M | $1.0M | $598,000 | $242,000 | $368,000 | $466,000 |
| Inventory | $2.0M | $2.2M | $3.2M | $3.5M | $3.9M | $4.4M | $4.1M | $4.1M | $4.9M | $4.9M | $3.9M | $2.3M |
| Other current assets | $5.3M | $5.2M | $4.6M | $3.2M | $2.8M | $3.7M | $3.0M | $4.4M | $2.9M | $3.8M | $4.3M | $7.4M |
| Total current assets | $119.1M | $135.0M | $175.9M | $238.0M | $226.5M | $241.8M | $218.0M | $205.8M | $226.5M | $244.4M | $266.3M | $284.8M |
| Property, plant & equipment (net) | $13.6M | $15.1M | $16.7M | $17.2M | $27.1M | $28.6M | $29.1M | $29.9M | $29.5M | $30.0M | $30.7M | $32.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $124,000 | $496,000 | $532,000 | $627,000 |
| Long-term investments | $58.1M | $63.0M | $52.9M | $4.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.8M | $233,000 | $234,000 | $233,000 | $810,000 | $808,000 | $808,000 | $695,000 | $695,000 | $695,000 | $695,000 | $701,000 |
| Total assets | $193.6M | $213.3M | $245.6M | $260.1M | $254.4M | $271.2M | $247.9M | $236.5M | $256.7M | $275.6M | $298.2M | $318.1M |
| Liabilities | ||||||||||||
| Accounts payable | $1.6M | $1.8M | $1.6M | $1.3M | $2.2M | $1.9M | $1.9M | $2.2M | $1.4M | $1.2M | $1.8M | $2.1M |
| Short-term debt | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M | $1.9M | $3.7M | $3.6M | $1.7M | $1.6M | $1.6M | $1.5M |
| Deferred revenue | — | $91,000 | $133,000 | $93,000 | $99,000 | $155,000 | — | — | $1.9M | $1.2M | $1.5M | $7.1M |
| Total current liabilities | $11.9M | $10.7M | $23.0M | $22.1M | $24.0M | $12.6M | $18.2M | $15.3M | $11.0M | $8.0M | $11.6M | $11.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $3.3M | $3.7M | $4.2M | $4.6M | $11.1M | $12.1M | $12.9M | $13.8M | $13.6M | $14.5M | $15.3M | $15.5M |
| Other long-term liabilities | $1.4M | $1.9M | $2.4M | $2.8M | $9.4M | $11.7M | $14.3M | $10.6M | $12.5M | $13.8M | $15.0M | $15.0M |
| Total liabilities | $13.4M | $12.6M | $25.4M | $25.0M | $33.4M | $24.3M | $32.5M | $25.9M | $23.5M | $21.8M | $26.6M | $26.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $22,000 | $22,000 | $22,000 | $22,000 | $18,000 | $18,000 | $18,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 |
| Retained earnings (deficit) | −$743.2M | −$719.7M | −$698.0M | −$680.4M | −$644.7M | −$615.8M | −$596.6M | −$563.5M | −$538.2M | −$515.1M | −$495.6M | −$473.6M |
| Accumulated other comprehensive income | −$441,000 | −$382,000 | −$6,000 | $54,000 | −$40,000 | −$2,000 | $45,000 | $153,000 | −$7,000 | −$33,000 | — | $0 |
| Total shareholders' equity | $180.2M | $200.7M | $220.2M | $235.2M | $221.0M | $246.9M | $215.4M | $210.5M | $233.3M | $253.8M | $271.6M | $292.1M |
| Key figures | ||||||||||||
| Total debt | $3.3M | $3.7M | $4.2M | $4.6M | $11.1M | $12.1M | $12.9M | $13.8M | $13.6M | $14.5M | $15.3M | $15.5M |
| Net cash (debt) | $108.5M | $123.6M | $158.7M | $221.2M | $203.1M | $220.5M | $196.7M | $182.5M | $204.5M | $220.9M | $242.4M | $259.2M |
| Working capital | $107.1M | $124.3M | $152.8M | $215.8M | $202.5M | $229.2M | $199.8M | $190.5M | $215.5M | $236.4M | $254.7M | $273.8M |
| Tangible book value | $180.2M | $200.7M | $220.2M | $235.2M | $221.0M | $246.9M | $215.4M | $210.5M | $233.1M | $253.3M | $271.1M | $291.4M |
| Book value per share | $0.83 | $0.93 | $1.11 | $1.12 | $1.20 | $1.35 | $1.47 | $1.48 | $1.64 | $1.79 | $1.92 | $2.06 |
| Shares outstanding | 217.8M | 216.5M | 197.8M | 209.0M | 183.6M | 182.3M | 146.3M | 142.4M | 141.9M | 141.8M | 141.6M | 141.7M |
| Current ratio | 9.97 | 12.60 | 7.64 | 10.75 | 9.43 | 19.24 | 11.99 | 13.42 | 20.57 | 30.65 | 22.94 | 25.88 |
| Quick ratio | 9.36 | 11.91 | 7.30 | 10.44 | 9.15 | 18.59 | 11.60 | 12.86 | 19.87 | 29.56 | 22.23 | 24.99 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 | 0.05 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 | 0.05 |
| Equity / assets | 93.1% | 94.1% | 89.7% | 90.4% | 86.9% | 91.0% | 86.9% | 89.0% | 90.9% | 92.1% | 91.1% | 91.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 3, 2026); data from EODHD.
QSI financial position
At the end of fiscal 2025 (December 31, 2025), Quantum-Si incorporated had total assets of $245.6 million (down 0.9% from a year earlier), total liabilities of $25.4 million and shareholders' equity of $220.2 million. It held $162.9 million in cash and short-term investments against $4.2 million of debt, a net cash position of $158.7 million. Its current ratio was 7.64. In the latest quarter (ended June 30, 2026) total assets were $193.6 million and equity $180.2 million.
Related: QSI income statement, QSI cash flow statement, QSI key metrics. See the QSI stock overview for the latest quote and news.
QSI balance sheet FAQ
What are Quantum-Si incorporated's total assets?
Quantum-Si incorporated reported total assets of $245.6 million at the end of fiscal 2025 (December 31, 2025), compared with $247.9 million a year earlier.
How much debt does Quantum-Si incorporated have?
Quantum-Si incorporated had $4.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does Quantum-Si incorporated have?
Quantum-Si incorporated held $162.9 million in cash and short-term investments at the end of fiscal 2025; with $4.2 million of debt that is net cash of $158.7 million.
What is Quantum-Si incorporated's book value?
Quantum-Si incorporated's shareholders' equity (book value) was $220.2 million at the end of fiscal 2025, or $1.11 per share.
What is Quantum-Si incorporated's current ratio?
Quantum-Si incorporated had current assets of $175.9 million and current liabilities of $23.0 million, a current ratio of 7.64 (it can cover its short-term obligations).