Qnity Electronics, Inc. (Q) Income Statement
Q 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsQ revenue and net income
Where Q's revenue goes
2025Each bar shows an amount and its share of revenue. Q kept 14.6% of revenue as net income.
Q profit margins
Q growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.7% | −0.0% | — | — |
| Gross profit | −0.6% | −2.7% | — | — |
| Operating income | +19.7% | −0.6% | — | — |
| Net income | −0.1% | −3.7% | — | — |
| EPS (diluted) | −27.5% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
Q quarterly EPS vs estimates
Qnity Electronics beat the analyst EPS estimate in 5 of the last 5 quarters. Next report: November 4, 2026 (estimate $1.18).
Q income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $4.75B | $4.33B | $4.04B | $4.75B |
| Cost of revenue | $2.77B | $2.34B | $2.28B | $2.60B |
| Gross profit | $1.99B | $2.00B | $1.75B | $2.16B |
| Research & development | $354.0M | $311.0M | $303.0M | $329.0M |
| Sales, general & admin | $620.0M | $617.0M | $533.0M | $518.0M |
| Total operating expenses | $974.0M | $1.16B | $1.10B | $1.12B |
| Operating income | $1.01B | $847.0M | $657.0M | $1.03B |
| Interest income | — | $5.0M | $1.0M | $6.0M |
| Interest expense | $65.0M | $280.0M | $16.0M | $31.0M |
| Income before taxes | $962.0M | $901.0M | $632.0M | $952.0M |
| Income taxes | $233.0M | $177.0M | $99.0M | $151.0M |
| Net income | $692.0M | $693.0M | $507.0M | $774.0M |
| EBITDA | $1.40B | $1.29B | $1.03B | $1.37B |
| EPS (diluted) | $2.40 | $3.31 | $2.43 | — |
| Gross margin | 41.8% | 46.1% | 43.5% | 45.4% |
| Operating margin | 21.3% | 19.5% | 16.3% | 21.7% |
| Net margin | 14.6% | 16.0% | 12.6% | 16.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.31B | $1.19B | $1.28B | $1.17B | $1.12B | $1.10B | $1.15B | $1.10B | $983.0M |
| Cost of revenue | $763.0M | $749.0M | $692.0M | $752.0M | $680.0M | $642.0M | $2.34B | $609.0M | $597.0M | $547.0M |
| Gross profit | $666.0M | $566.0M | $498.0M | $524.0M | $490.0M | $476.0M | $2.00B | $539.0M | $506.0M | $436.0M |
| Research & development | $98.0M | $94.0M | $90.0M | $92.0M | $88.0M | $84.0M | $81.0M | $81.0M | $77.0M | $72.0M |
| Sales, general & admin | $200.0M | $173.0M | $167.0M | $159.0M | $157.0M | $146.0M | $603.0M | $156.0M | $169.0M | $136.0M |
| Total operating expenses | $390.0M | $267.0M | $257.0M | $251.0M | $242.0M | $224.0M | $3.46B | $903.0M | $306.0M | $268.0M |
| Operating income | $276.0M | $299.0M | $241.0M | $273.0M | $248.0M | $252.0M | $876.0M | $245.0M | $200.0M | $168.0M |
| Interest income | $4.0M | — | — | $13.0M | $0 | $2.0M | $5.0M | $0 | — | — |
| Interest expense | $61.0M | $61.0M | $51.0M | $14.0M | $55.0M | $70.0M | $37.0M | $0 | — | — |
| Income before taxes | $199.0M | $218.0M | $189.0M | $272.0M | $255.0M | $246.0M | $901.0M | $250.0M | $221.0M | $177.0M |
| Income taxes | $63.0M | $56.0M | $80.0M | $49.0M | $57.0M | $47.0M | — | — | $65.0M | $37.0M |
| Net income | $124.0M | $151.0M | $100.0M | $211.0M | $188.0M | $193.0M | $693.0M | $199.0M | $148.0M | $133.0M |
| EBITDA | $357.0M | $377.0M | $336.0M | $380.0M | $347.0M | $340.0M | — | — | $319.0M | $274.0M |
| EPS (diluted) | $1.19 | $1.08 | $0.82 | $0.95 | $0.63 | — | — | — | — | — |
| Gross margin | 46.6% | 43.0% | 41.8% | 41.1% | 41.9% | 42.6% | 181.3% | 47.0% | 45.9% | 44.4% |
| Operating margin | 19.3% | 22.7% | 20.3% | 21.4% | 21.2% | 22.5% | 79.6% | 21.3% | 18.1% | 17.1% |
| Net margin | 8.7% | 11.5% | 8.4% | 16.5% | 16.1% | 17.3% | 62.9% | 17.3% | 13.4% | 13.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in Q's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
Q financial results
In fiscal year 2025 (ended December 31, 2025), Qnity Electronics reported revenue of $4.8 billion, up 9.7% from the year before. It had net income of $692.0 million (down 0.1%), a net profit margin of 14.6%. Diluted earnings per share came to $2.40.
See the Q stock overview for the latest quote and news, or the Q chart for price history and technical indicators.
Q income statement FAQ
What is Qnity Electronics's annual revenue?
Qnity Electronics reported total revenue of $4.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.7% from $4.3 billion the previous year.
Is Qnity Electronics profitable?
Yes. Qnity Electronics reported net income of $692.0 million in fiscal 2025, a net profit margin of 14.6%; its operating margin was 21.3%.
What is Qnity Electronics's gross margin?
Qnity Electronics's gross margin was 41.8% in fiscal 2025: for every $100 of revenue, Qnity Electronics kept $42 after the direct cost of its products and services.
How much does Qnity Electronics spend on research and development?
Qnity Electronics spent $354.0 million on research and development in fiscal 2025, 7.4% of revenue.
What are Qnity Electronics's earnings per share?
Qnity Electronics earned $2.40 per diluted share in fiscal 2025, compared with $3.31 a year earlier.
When will Qnity Electronics report its next earnings?
Qnity Electronics is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Qnity Electronics's fiscal year end?
Qnity Electronics's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.