Quantum eMotion Corp. (QNC) Cash Flow Statement
Where QNC’s cash came from and went, 2025
December 31, 2025 · Canadian dollars- Cash from operations
- −C$4.1M
- Capital expenditures
- C$31,928 285.8% of revenue
- Free cash flow
- −C$4.1M −36,740.3% margin
- Returned to shareholders
- —
- Change in cash
- −C$1.1M cash at year-end C$246,653
Cash from operations
−C$4.1M
Capital expenditures
−C$31,928
Investments (net)
−C$41.3M
Net borrowing (repayment)
−C$18,730
Shares issued
+C$11.7M
Other financing
+C$32.6M
Change in cash
−C$1.1M
Drawn to scale: where the cash came from and how it was used. Hover for values.
QNC operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
QNC cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −C$114,8712016 | −C$4.1M2025 | — | |
| Capital expenditures | C$02016 | C$31,9282025 | — | |
| Free cash flow | −C$114,8702016 | −C$4.1M2025 | — | |
| Stock-based compensation | C$263,7452021 | C$6.8M2025 | +125.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
QNC cash flow by activity
OperatingInvestingFinancingChange in cash
QNC net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
QNC cash flow statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −C$10.3M | −C$3.0M | −C$2.4M | −C$2.8M | −C$1.6M | −C$801,057 | −C$681,402 | −C$913,137 | −C$1.5M | −C$346,776 |
| Depreciation & amortization | C$49,357 | C$22,291 | C$22,308 | C$22,305 | C$22,474 | C$24,689 | C$5,335 | — | — | — |
| Stock-based compensation | C$6.8M | C$399,843 | C$145,533 | C$541,991 | C$263,745 | — | — | — | — | — |
| Change in working capital | −C$409,408 | C$417,411 | −C$208,790 | −C$43,200 | −C$180,762 | C$349,557 | C$42,909 | −C$144,507 | C$72,138 | C$29,474 |
| Other non-cash items | −C$292,843 | C$16,111 | C$346,128 | C$655,227 | −C$9,253 | C$105,298 | C$20,622 | C$188,639 | C$498,571 | C$202,431 |
| Cash from operating activities | −C$4.1M | −C$2.1M | −C$2.1M | −C$1.6M | −C$1.5M | −C$321,513 | −C$612,536 | −C$869,005 | −C$881,661 | −C$114,871 |
| Investing activities | ||||||||||
| Capital expenditures | −C$31,928 | C$0 | −C$350,000 | −C$7,727 | −C$339,886 | C$0 | C$0 | C$0 | −C$4 | C$0 |
| Investments (net) | −C$41.3M | C$668,488 | C$153,197 | −C$13,304 | −C$1.0M | — | — | — | — | — |
| Acquisitions & other investing | C$0 | −C$450 | −C$15 | C$186 | −C$10,192 | C$750 | −C$26,286 | C$94,895 | −C$150,970 | −C$125,517 |
| Cash from investing activities | −C$41.3M | C$668,038 | −C$196,818 | −C$20,845 | −C$1.4M | C$750 | −C$26,286 | C$94,895 | −C$150,974 | −C$125,517 |
| Financing activities | ||||||||||
| Net borrowing (repayment) | −C$18,730 | C$0 | — | C$0 | C$20,000 | — | — | — | — | — |
| Shares issued | C$11.7M | C$891,893 | C$0 | C$0 | C$2.0M | C$0 | C$0 | C$0 | C$0 | C$0 |
| Other financing | C$32.6M | C$1.6M | C$0 | C$3.2M | C$1.8M | C$52,617 | — | C$495,125 | C$1.2M | C$1.2M |
| Cash from financing activities | C$44.3M | C$2.5M | C$0 | C$3.2M | C$3.8M | C$52,617 | — | C$495,125 | C$1.2M | C$1.2M |
| Summary | ||||||||||
| Net change in cash | −C$1.1M | C$1.0M | −C$2.2M | C$1.5M | C$1.0M | −C$263,088 | −C$591,589 | −C$385,767 | C$270,191 | C$959,105 |
| Cash at end of period | C$246,653 | C$1.4M | C$315,651 | C$2.6M | C$1.0M | C$20,135 | C$295,473 | C$906,617 | C$1.2M | C$995,263 |
| Free cash flow | −C$4.1M | −C$2.1M | −C$2.1M | −C$1.6M | −C$1.5M | −C$321,514 | −C$612,536 | −C$869,006 | −C$881,665 | −C$114,870 |
| Free cash flow margin | −36,740.3% | — | — | — | — | — | — | — | — | — |
| Capex / revenue | 285.8% | — | — | — | — | — | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −C$4.7M | −C$3.6M | −C$3.7M | −C$1.7M | −C$1.5M | −C$3.3M | −C$1.1M | −C$596,427 | −C$727,400 | −C$493,050 | −C$793,018 | −C$554,622 |
| Depreciation & amortization | C$521,309 | C$18,566 | C$31,175 | C$6,416 | C$6,158 | C$5,604 | C$5,603 | C$5,597 | C$5,590 | C$5,508 | C$5,624 | C$5,604 |
| Stock-based compensation | C$1.8M | C$2.1M | C$3.1M | C$647,422 | C$560,272 | C$2.6M | C$339,883 | C$13,831 | — | — | — | — |
| Change in working capital | C$77,681 | −C$579,517 | −C$385,655 | C$81,480 | −C$186,919 | C$80,424 | C$270,471 | C$13,610 | C$161,108 | −C$27,859 | −C$197,414 | −C$87,584 |
| Other non-cash items | C$427,277 | C$5,388 | −C$286,491 | −C$5,435 | C$569 | −C$12,593 | C$6,617 | C$874 | C$4,156 | C$50,202 | C$368,951 | C$68,676 |
| Cash from operating activities | −C$1.9M | −C$2.1M | −C$1.3M | −C$960,005 | −C$1.1M | −C$692,649 | −C$527,406 | −C$562,515 | −C$556,546 | −C$465,199 | −C$615,857 | −C$567,926 |
| Investing activities | ||||||||||||
| Capital expenditures | −C$16,994 | −C$4 | −C$20,928 | −C$11,016 | −C$5 | −C$5,516 | C$0 | −C$4 | C$0 | C$0 | −C$4 | C$0 |
| Investments (net) | C$3.4M | C$2.3M | −C$16.2M | −C$2.2M | −C$17.9M | −C$5.0M | −C$56,368 | C$398,003 | — | — | — | — |
| Acquisitions & other investing | −C$1.5M | −C$445,212 | C$0 | −C$37,666 | −C$87,509 | C$28,666 | C$39 | −C$646 | −C$2,802 | C$330,232 | −C$194,256 | −C$1,175 |
| Cash from investing activities | C$1.9M | C$1.9M | −C$16.2M | −C$2.3M | −C$18.0M | −C$5.0M | −C$56,329 | C$397,353 | −C$2,802 | C$330,232 | −C$194,260 | −C$1,175 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | −C$15,551 | −C$10,329 | — | C$0 | C$0 | C$0 | — | C$54,668 | — | — | — | — |
| Shares issued | C$0 | C$0 | C$0 | C$0 | C$6.7M | C$11.7M | C$141,993 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Other financing | C$86,148 | C$239,116 | C$17.3M | C$2.6M | C$7.0M | −C$873,891 | C$1.5M | −C$90 | C$19,885 | C$730,270 | — | — |
| Cash from financing activities | C$70,597 | C$228,787 | C$17.3M | C$2.6M | C$13.7M | C$10.8M | C$1.7M | C$54,578 | C$19,885 | C$730,270 | — | — |
| Summary | ||||||||||||
| Net change in cash | C$65,035 | −C$4,296 | −C$224,557 | −C$694,719 | −C$5.1M | C$5.2M | C$1.1M | −C$106,410 | −C$548,795 | C$588,323 | −C$782,665 | −C$611,149 |
| Cash at end of period | C$315,898 | C$246,184 | C$246,653 | C$471,876 | C$1.1M | C$6.5M | C$1.4M | C$258,878 | C$369,818 | C$911,480 | C$315,651 | C$1.1M |
| Free cash flow | −C$1.9M | −C$2.1M | −C$1.3M | −C$971,022 | −C$1.1M | −C$692,646 | −C$527,405 | −C$562,519 | −C$556,544 | −C$465,199 | −C$615,861 | −C$567,923 |
| Free cash flow margin | −127,218.7% | −19,720.1% | −11,626.1% | — | — | — | — | — | — | — | — | — |
| Capex / revenue | 1,149.0% | 0.0% | 187.3% | — | — | — | — | — | — | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported; data from EODHD.
QNC cash generation
In fiscal 2025 (ended December 31, 2025), Quantum eMotion generated -C$4.1 million of cash from operations and spent C$0.0 million on capital expenditures, leaving free cash flow of -C$4.1 million, −36,740.3% of revenue. Cash and equivalents fell by C$1.1 million over the year.
Related: QNC income statement, QNC balance sheet. See the QNC stock overview for the latest quote and news.
QNC cash flow FAQ
What is Quantum eMotion's free cash flow?
Quantum eMotion's free cash flow was -C$4.1 million in fiscal 2025: -C$4.1 million of operating cash flow minus C$0.0 million of capital expenditures It was -C$2.1 million a year earlier..
How much cash does Quantum eMotion generate from operations?
Quantum eMotion generated -C$4.1 million of cash from operating activities in fiscal 2025.
How much does Quantum eMotion spend on capital expenditures?
Quantum eMotion spent C$0.0 million on capital expenditures in fiscal 2025, 285.8% of revenue.