Quantum-Si incorporated (QSI) Income Statement
QSI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsQSI revenue and net income
Where QSI's revenue goes
2025Each bar shows an amount and its share of revenue. QSI kept −4,160.1% of revenue as net income.
QSI profit margins
QSI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −20.3% | +74.4% | — | — |
| Gross profit | −27.9% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
QSI quarterly EPS vs estimates
Quantum-Si incorporated beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.13).
QSI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.4M | $3.1M | $1.1M | $459,000 | $0 | $0 | $0 |
| Cost of revenue | $1.3M | $1.5M | $594,000 | $2.6M | $1.0M | $894,000 | — |
| Gross profit | $1.2M | $1.6M | $488,000 | −$2.6M | −$1.0M | −$894,000 | — |
| Research & development | $53.8M | $59.6M | $67.0M | $72.1M | $46.6M | $27.6M | $28.1M |
| Sales, general & admin | $44.8M | $50.5M | $43.2M | $42.3M | $50.3M | $9.1M | $8.5M |
| Total operating expenses | $98.5M | $110.2M | $111.7M | $123.8M | $96.9M | $36.7M | $36.6M |
| Operating income | −$97.4M | −$108.6M | −$111.2M | −$123.8M | −$96.9M | −$36.7M | −$36.6M |
| Interest income | $9.0M | $9.6M | $459,000 | — | — | $2,150 | — |
| Interest expense | — | — | $0 | $13.2M | $5,000 | $9,000 | $0 |
| Income before taxes | −$101.3M | −$101.0M | −$96.0M | −$132.4M | −$95.0M | −$36.6M | −$35.8M |
| Income taxes | $58,000 | $56,000 | $1 | $8.6M | −$6.0M | −$1,000 | $5,000 |
| Net income | −$101.3M | −$101.0M | −$96.0M | −$132.4M | −$95.0M | −$36.6M | −$35.8M |
| EBITDA | −$92.9M | −$96.4M | −$91.8M | −$111.8M | −$93.9M | −$35.8M | −$35.8M |
| EPS (diluted) | −$0.47 | −$0.59 | −$0.63 | −$0.93 | −$4.09 | −$0.01 | −$7.16 |
| Gross margin | 47.3% | 52.3% | 45.1% | −563.0% | — | — | — |
| Operating margin | −3,996.7% | −3,550.6% | −10,274.6% | −26,980.6% | — | — | — |
| Net margin | −4,160.1% | −3,303.0% | −8,868.8% | −28,854.5% | — | — | — |
| 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 | $344,000 | $258,000 | $451,000 | $552,000 | $591,000 | $842,000 | $1.2M | $787,000 | $622,000 | $457,000 | $400,000 | $223,000 |
| Cost of revenue | $172,000 | $184,000 | $329,000 | $358,000 | $240,000 | $356,000 | $582,000 | $420,000 | $268,000 | $188,000 | $222,000 | $115,000 |
| Gross profit | $172,000 | $74,000 | $122,000 | $194,000 | $351,000 | $486,000 | $610,000 | $367,000 | $354,000 | $269,000 | $178,000 | $108,000 |
| Research & development | $15.8M | $14.5M | $10.9M | $13.9M | $15.2M | $13.7M | $17.0M | $16.2M | $14.4M | $12.1M | $16.4M | $16.6M |
| Sales, general & admin | $10.0M | $9.6M | $10.3M | $10.7M | $11.9M | $11.9M | $14.3M | $12.3M | $12.4M | $11.5M | $10.5M | $10.7M |
| Total operating expenses | $25.8M | $24.1M | $21.2M | $24.6M | $27.1M | $25.6M | $31.3M | $28.5M | $26.8M | $23.6M | $28.1M | $27.3M |
| Operating income | −$25.6M | −$24.1M | −$21.1M | −$24.4M | −$26.8M | −$25.1M | −$30.7M | −$28.1M | −$26.5M | −$23.4M | −$27.9M | −$27.2M |
| Interest income | $1.5M | $1.7M | — | — | $2.2M | $2.3M | — | — | — | — | — | — |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $2.6M | — |
| Income before taxes | −$23.5M | −$21.8M | −$17.6M | −$35.7M | −$28.8M | −$19.2M | −$33.1M | −$25.3M | −$23.1M | −$19.5M | −$22.0M | −$24.7M |
| Income taxes | — | −$122,000 | $8,000 | $19,000 | $20,000 | $11,000 | $13,000 | $43,000 | — | $1.0M | $11.3M | −$2.5M |
| Net income | −$23.5M | −$21.7M | −$17.6M | −$35.7M | −$28.8M | −$19.2M | −$33.1M | −$25.3M | −$23.1M | −$19.5M | −$22.0M | −$24.7M |
| EBITDA | −$24.8M | −$22.8M | −$19.9M | −$23.2M | −$25.6M | −$24.2M | −$32.1M | −$24.1M | −$21.7M | −$18.4M | −$11.6M | −$23.6M |
| EPS (diluted) | −$0.11 | −$0.09 | −$0.08 | −$0.17 | −$0.11 | −$0.11 | −$0.16 | −$0.16 | −$0.15 | −$0.12 | −$0.16 | −$0.15 |
| Gross margin | 50.0% | 28.7% | 27.1% | 35.1% | 59.4% | 57.7% | 51.2% | 46.6% | 56.9% | 58.9% | 44.5% | 48.4% |
| Operating margin | −7,450.3% | −9,322.9% | −4,677.2% | −4,419.6% | −4,527.6% | −2,982.4% | −2,573.6% | −3,569.0% | −4,252.6% | −5,111.6% | −6,970.8% | −12,186.1% |
| Net margin | −6,841.3% | −8,399.6% | −3,904.9% | −6,467.9% | −4,879.2% | −2,279.0% | −2,778.6% | −3,216.4% | −3,713.7% | −4,261.3% | −5,512.0% | −11,088.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in QSI's financial statements (latest annual report filed March 3, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
QSI financial results
In fiscal year 2025 (ended December 31, 2025), Quantum-Si incorporated reported revenue of $2.4 million, down 20.3% from the year before. It had a net loss of $101.3 million, a net profit margin of −4,160.1%. Diluted earnings per share came to −$0.47.
See the QSI stock overview for the latest quote and news, or the QSI chart for price history and technical indicators.
QSI income statement FAQ
What is Quantum-Si incorporated's annual revenue?
Quantum-Si incorporated reported total revenue of $2.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 20.3% from $3.1 million the previous year.
Is Quantum-Si incorporated profitable?
No. Quantum-Si incorporated reported a net loss of $101.3 million in fiscal 2025, a net profit margin of −4,160.1%; its operating margin was −3,996.7%.
What is Quantum-Si incorporated's gross margin?
Quantum-Si incorporated's gross margin was 47.3% in fiscal 2025: for every $100 of revenue, Quantum-Si incorporated kept $47 after the direct cost of its products and services.
How much does Quantum-Si incorporated spend on research and development?
Quantum-Si incorporated spent $53.8 million on research and development in fiscal 2025, 2,206.9% of revenue.
What are Quantum-Si incorporated's earnings per share?
Quantum-Si incorporated earned $-0.47 per diluted share in fiscal 2025, compared with $-0.59 a year earlier.
When will Quantum-Si incorporated report its next earnings?
Quantum-Si incorporated is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Quantum-Si incorporated's fiscal year end?
Quantum-Si incorporated's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 3, 2026.