BTQ Technologies Corp. (BTQ) Income Statement
BTQ 2025 at a glance
Fiscal year ended December 31, 2025 · Canadian dollarsBTQ revenue and net income
Where BTQ's revenue goes
2025Each bar shows an amount and its share of revenue. BTQ kept −7,799.1% of revenue as net income.
BTQ profit margins
BTQ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −52.7% | — | — | — |
| Gross profit | −84.3% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BTQ income statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | C$315,497 | C$666,667 | C$0 | C$0 |
| Cost of revenue | C$210,891 | C$575,532 | C$761,463 | — |
| Gross profit | C$104,606 | C$666,667 | −C$761,463 | — |
| Research & development | C$5.6M | C$2.7M | C$2.6M | C$16.5M |
| Sales, general & admin | C$18.6M | C$3.4M | C$6.8M | C$632,643 |
| Total operating expenses | C$25.2M | C$6.4M | C$13.7M | C$643,807 |
| Operating income | −C$25.0M | −C$5.7M | −C$14.5M | −C$643,807 |
| Interest income | C$263,231 | C$17,876 | C$16,209 | C$0 |
| Interest expense | C$0 | C$54,663 | C$11,179 | C$11,549 |
| Income before taxes | −C$24.6M | −C$6.1M | −C$15.3M | −C$1.2M |
| Income taxes | — | C$22,318 | C$65,000 | — |
| Net income | −C$24.6M | −C$6.1M | −C$15.4M | −C$1.2M |
| EBITDA | −C$24.6M | −C$5.9M | −C$15.2M | −C$643,807 |
| Gross margin | 33.2% | 100.0% | — | — |
| Operating margin | −7,938.9% | −856.7% | — | — |
| Net margin | −7,799.1% | −911.5% | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$65,497 | C$250,000 | C$250,000 | C$326,094 | C$90,573 |
| Cost of revenue | C$137,448 | C$105,947 | C$1,027 | C$49,942 | C$71,927 | C$66,953 | C$73,587 | C$0 | C$0 |
| Gross profit | −C$137,448 | −C$105,947 | −C$1,027 | −C$49,942 | C$65,497 | C$250,000 | C$250,000 | C$326,094 | C$90,573 |
| Research & development | C$2.9M | C$2.0M | C$3.7M | C$1.2M | C$419,985 | C$293,541 | C$696,214 | C$600,654 | C$626,142 |
| Sales, general & admin | C$15.0M | C$16.1M | C$8.2M | C$7.1M | C$1.6M | C$1.7M | C$614,640 | C$662,230 | C$1.1M |
| Total operating expenses | C$18.3M | C$18.4M | C$12.3M | C$8.9M | C$2.0M | C$2.1M | C$1.4M | C$1.3M | C$1.8M |
| Operating income | −C$18.3M | −C$18.5M | −C$12.3M | −C$9.0M | −C$2.0M | −C$1.8M | −C$1.2M | −C$990,287 | −C$1.7M |
| Interest income | C$50,681 | C$102,844 | C$263,152 | C$0 | C$79 | C$0 | C$102 | C$6,183 | C$5,122 |
| Interest expense | C$31,515 | C$29,743 | C$517 | C$141 | C$143 | C$233 | C$39,059 | C$12,755 | C$1,994 |
| Income before taxes | −C$16.7M | −C$19.9M | −C$11.8M | −C$9.0M | −C$1.9M | −C$1.8M | −C$1.5M | −C$1.0M | −C$1.7M |
| Income taxes | — | — | — | — | — | — | C$22,318 | — | — |
| Net income | −C$16.7M | −C$19.9M | −C$11.8M | −C$9.0M | −C$1.9M | −C$1.8M | −C$1.5M | −C$1.0M | −C$1.7M |
| EBITDA | −C$16.7M | −C$19.8M | −C$11.8M | −C$9.0M | −C$1.9M | −C$1.8M | −C$1.5M | −C$989,671 | −C$1.7M |
| Gross margin | — | — | — | — | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | — | — | — | — | −3,003.0% | −720.4% | −477.3% | −303.7% | −1,872.3% |
| Net margin | — | — | — | — | −2,972.1% | −724.8% | −607.1% | −315.7% | −1,871.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in BTQ's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BTQ financial results
In fiscal year 2025 (ended December 31, 2025), BTQ Technologies reported revenue of C$0.3 million, down 52.7% from the year before. It had a net loss of C$24.6 million, a net profit margin of −7,799.1%. Figures are in Canadian dollars, the currency of its financial statements.
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BTQ income statement FAQ
What is BTQ Technologies's annual revenue?
BTQ Technologies reported total revenue of C$0.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 52.7% from C$0.7 million the previous year.
Is BTQ Technologies profitable?
No. BTQ Technologies reported a net loss of C$24.6 million in fiscal 2025, a net profit margin of −7,799.1%; its operating margin was −7,938.9%.
What is BTQ Technologies's gross margin?
BTQ Technologies's gross margin was 33.2% in fiscal 2025: for every $100 of revenue, BTQ Technologies kept $33 after the direct cost of its products and services.
How much does BTQ Technologies spend on research and development?
BTQ Technologies spent C$5.6 million on research and development in fiscal 2025, 1,775.5% of revenue.
When does BTQ Technologies's fiscal year end?
BTQ Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.