Quantum X Labs Inc. (QXL) Income Statement
QXL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsQXL revenue and net income
Where QXL's revenue goes
2025Each bar shows an amount and its share of revenue. QXL kept −1,229.1% of revenue as net income.
QXL profit margins
QXL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −68.4% | −74.7% | — | — |
| Gross profit | −60.7% | −54.6% | — | — |
| 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.
QXL quarterly EPS vs estimates
Next report: November 13, 2026.
QXL income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $1.6M | $5.0M | $79.6M | $96.6M |
| Cost of revenue | $297,000 | $1.7M | $70.5M | $83.0M |
| Gross profit | $1.3M | $3.2M | $9.2M | $13.6M |
| Research & development | $69,000 | $830,000 | $2.9M | $3.3M |
| Sales, general & admin | $1.7M | $2.2M | $5.7M | $4.6M |
| Total operating expenses | $3.5M | $5.8M | $82.0M | $93.7M |
| Operating income | −$2.2M | −$837,000 | −$2.4M | $2.9M |
| Interest income | $63,000 | $160,000 | $87,000 | $143,000 |
| Interest expense | $317,000 | $612,000 | $989,000 | $750,000 |
| Income before taxes | −$13.4M | −$3.4M | −$8.8M | $1.3M |
| Income taxes | −$39,000 | — | — | — |
| Net income | −$19.3M | −$12.1M | −$7.3M | $28,000 |
| EBITDA | −$12.3M | −$2.0M | −$4.8M | $5.0M |
| EPS (diluted) | −$1.81 | −$1.19 | −$1.67 | −$0.94 |
| Gross margin | 81.1% | 65.2% | 11.5% | 14.1% |
| Operating margin | −139.2% | −16.8% | −3.0% | 3.0% |
| Net margin | −1,229.1% | −242.6% | −9.2% | 0.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Revenue | $293,000 | $353,000 | $0 | $2.7M | $2.3M | $529,000 | $3.3M |
| Cost of revenue | $134,000 | $132,000 | −$6.0M | $2.1M | $1.9M | $134,000 | $2.8M |
| Gross profit | $159,000 | $221,000 | −$123,000 | $584,000 | $401,000 | $395,000 | $552,000 |
| Research & development | $185,000 | $0 | $318,000 | $115,000 | $125,000 | $16,000 | $279,000 |
| Sales, general & admin | $1.0M | $525,000 | $177,000 | $792,000 | $766,000 | $217,000 | $732,000 |
| Total operating expenses | $1.6M | $771,000 | −$1.9M | $1.8M | $2.2M | $584,000 | $4.5M |
| Operating income | −$1.4M | −$550,000 | $1.8M | −$1.3M | −$1.8M | −$55,000 | −$1.2M |
| Interest income | — | — | $0 | $0 | — | — | $41,000 |
| Interest expense | $113,000 | $71,000 | $45,000 | $81,000 | $7.6M | $2.9M | $165,000 |
| Income before taxes | $2.3M | −$621,000 | $7.3M | −$4.3M | −$12.5M | −$2.9M | −$4.2M |
| Income taxes | −$162,000 | −$16,000 | $462,000 | −$348,000 | −$125,000 | — | — |
| Net income | $2.5M | −$605,000 | −$566,000 | −$3.4M | −$11.7M | −$3.7M | −$3.3M |
| EBITDA | −$1.2M | −$326,000 | $5.8M | −$3.4M | −$4.1M | — | — |
| EPS (diluted) | $0.12 | −$0.05 | — | −$0.32 | −$1.61 | −$0.68 | −$0.62 |
| Gross margin | 54.3% | 62.6% | — | 21.5% | 17.6% | 74.7% | 16.6% |
| Operating margin | −476.1% | −155.8% | — | −46.3% | −77.6% | −10.4% | −36.8% |
| Net margin | 848.1% | −171.4% | — | −124.9% | −511.1% | −693.4% | −98.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in QXL's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
QXL financial results
In fiscal year 2025 (ended December 31, 2025), Quantum X Labs reported revenue of $1.6 million, down 68.4% from the year before. It had a net loss of $19.3 million, a net profit margin of −1,229.1%. Diluted earnings per share came to −$1.81.
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QXL income statement FAQ
What is Quantum X Labs's annual revenue?
Quantum X Labs reported total revenue of $1.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 68.4% from $5.0 million the previous year.
Is Quantum X Labs profitable?
No. Quantum X Labs reported a net loss of $19.3 million in fiscal 2025, a net profit margin of −1,229.1%; its operating margin was −139.2%.
What is Quantum X Labs's gross margin?
Quantum X Labs's gross margin was 81.1% in fiscal 2025: for every $100 of revenue, Quantum X Labs kept $81 after the direct cost of its products and services.
How much does Quantum X Labs spend on research and development?
Quantum X Labs spent $0.1 million on research and development in fiscal 2025, 4.4% of revenue.
What are Quantum X Labs's earnings per share?
Quantum X Labs earned $-1.81 per diluted share in fiscal 2025, compared with $-1.19 a year earlier.
When will Quantum X Labs report its next earnings?
Quantum X Labs is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Quantum X Labs's fiscal year end?
Quantum X Labs's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.