Quantum eMotion Corp. (QNC) Income Statement
QNC 2025 at a glance
Fiscal year ended December 31, 2025 · Canadian dollarsQNC revenue and net income
Where QNC's revenue goes
2025Each bar shows an amount and its share of revenue. QNC kept −94,425.6% of revenue as net income.
QNC profit margins
QNC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| 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.
QNC income statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$11,171 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Cost of revenue | C$49,317 | C$22,291 | C$22,308 | C$22,108 | C$22,474 | C$24,689 | C$5,335 | — | — | — |
| Gross profit | C$11,171 | −C$22,291 | −C$22,308 | −C$22,108 | −C$22,474 | −C$24,689 | −C$5,335 | — | — | — |
| Research & development | C$1.1M | C$708,902 | C$577,155 | C$271,804 | C$118,045 | — | — | — | — | — |
| Sales, general & admin | C$9.9M | C$2.2M | C$1.5M | C$1.9M | C$679,203 | — | — | — | — | — |
| Total operating expenses | C$11.0M | C$2.9M | C$2.1M | C$2.2M | C$1.6M | C$785,853 | C$679,976 | C$868,539 | C$1.6M | C$204,163 |
| Operating income | −C$11.0M | −C$3.0M | −C$2.1M | −C$2.2M | −C$1.6M | −C$810,544 | −C$685,311 | −C$868,539 | −C$1.6M | −C$204,163 |
| Interest income | C$550,710 | C$19,746 | C$70,429 | C$76,995 | C$1,265 | — | — | — | — | — |
| Interest expense | C$28,703 | C$15,340 | C$12,044 | C$24,924 | C$8,870 | C$1,214 | C$646 | C$619 | C$705 | C$285 |
| Income before taxes | −C$10.5M | −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 |
| Net income | −C$10.5M | −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 |
| EBITDA | −C$10.5M | −C$2.9M | −C$2.1M | −C$2.8M | −C$1.6M | −C$785,854 | −C$679,974 | −C$868,539 | −C$1.6M | −C$204,163 |
| Gross margin | 100.0% | — | — | — | — | — | — | — | — | — |
| Operating margin | −98,662.6% | — | — | — | — | — | — | — | — | — |
| Net margin | −94,425.6% | — | — | — | — | — | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$1,479 | C$10,582 | C$11,171 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Cost of revenue | C$521,309 | C$18,613 | C$31,150 | C$6,426 | C$6,158 | C$5,606 | C$5,603 | C$5,597 | C$5,590 | C$5,508 | C$5,624 | C$5,604 |
| Gross profit | −C$519,830 | C$10,582 | C$11,171 | −C$6,426 | −C$6,158 | −C$5,606 | −C$5,603 | −C$5,597 | −C$5,590 | −C$5,508 | −C$5,624 | −C$5,604 |
| Research & development | C$532,406 | C$399,305 | C$210,099 | C$345,146 | C$306,624 | C$211,878 | C$206,101 | C$167,465 | C$179,314 | C$156,232 | C$175,447 | C$153,431 |
| Sales, general & admin | C$3.7M | C$3.5M | C$4.0M | C$1.5M | C$1.3M | C$3.1M | C$919,882 | C$395,757 | — | — | — | — |
| Total operating expenses | C$4.2M | C$3.9M | C$4.2M | C$1.9M | C$1.6M | C$3.3M | C$1.1M | C$590,037 | C$722,702 | C$496,970 | C$474,920 | C$530,946 |
| Operating income | −C$4.7M | −C$3.9M | −C$4.2M | −C$1.9M | −C$1.6M | −C$3.3M | −C$1.1M | −C$595,635 | −C$728,292 | −C$502,479 | −C$480,545 | −C$536,551 |
| Interest income | C$373,686 | C$268,876 | C$247,836 | C$216,307 | C$110,348 | C$1,808 | C$5,466 | C$1,997 | — | — | — | — |
| Interest expense | C$431,010 | C$1,875 | C$11,442 | C$27,667 | C$13,351 | C$3,526 | C$7,334 | C$1,637 | C$1,929 | C$4,445 | C$832 | C$3,599 |
| Income before taxes | −C$4.7M | −C$3.6M | −C$4.0M | −C$1.7M | −C$1.5M | −C$3.4M | −C$1.1M | −C$596,427 | −C$727,400 | −C$493,050 | −C$793,018 | −C$554,622 |
| Net income | −C$4.7M | −C$3.6M | −C$4.0M | −C$1.7M | −C$1.5M | −C$3.4M | −C$1.1M | −C$596,427 | −C$727,400 | −C$493,050 | −C$793,018 | −C$554,622 |
| EBITDA | −C$4.2M | −C$3.6M | −C$3.9M | −C$1.7M | −C$1.5M | −C$3.3M | −C$1.1M | −C$590,037 | −C$722,700 | −C$496,969 | −C$474,920 | −C$530,946 |
| Gross margin | −35,147.4% | 100.0% | 100.0% | — | — | — | — | — | — | — | — | — |
| Operating margin | −319,080.6% | −36,734.2% | −37,511.1% | — | — | — | — | — | — | — | — | — |
| Net margin | −320,376.3% | −33,909.7% | −35,735.5% | — | — | — | — | — | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in QNC's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
QNC financial results
In fiscal year 2025 (ended December 31, 2025), Quantum eMotion reported revenue of C$0.0 million. It had a net loss of C$10.5 million, a net profit margin of −94,425.6%. Figures are in Canadian dollars, the currency of its financial statements.
See the QNC stock overview for the latest quote and news, or the QNC chart for price history and technical indicators.
QNC income statement FAQ
What is Quantum eMotion's annual revenue?
Quantum eMotion reported total revenue of C$0.0 million for fiscal year 2025, which ended on December 31, 2025.
Is Quantum eMotion profitable?
No. Quantum eMotion reported a net loss of C$10.5 million in fiscal 2025, a net profit margin of −94,425.6%; its operating margin was −98,662.6%.
What is Quantum eMotion's gross margin?
Quantum eMotion's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, Quantum eMotion kept $100 after the direct cost of its products and services.
How much does Quantum eMotion spend on research and development?
Quantum eMotion spent C$1.1 million on research and development in fiscal 2025, 9,611.9% of revenue.
When will Quantum eMotion report its next earnings?
Quantum eMotion is expected to report results for the quarter ending September 30, 2026 on November 20, 2026.
When does Quantum eMotion's fiscal year end?
Quantum eMotion's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.