BTQ Technologies Corp. (BTQ) Key Metrics
BTQ key metrics, 2022–2025
Fiscal year ended December 31, 2025 · Canadian dollarsBTQ returns How much profit the business earns on the capital it uses.
BTQ financial health Debt, liquidity and how easily interest is covered.
BTQ efficiency & capital use Working capital cycle and where the cash goes.
BTQ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BTQ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BTQ key metrics in Canadian dollars
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Returns & profitability | ||||
| Return on equity (ROE) | −124.4% | −110.6% | −312.7% | −17.0% |
| Return on invested capital (ROIC) | −429.5% | — | — | — |
| Return on assets (ROA) | −113.1% | −88.3% | −272.5% | −15.9% |
| Return on tangible assets | −72.8% | −62.4% | −381.6% | −15.9% |
| Free cash flow margin | — | −745.7% | — | — |
| Financial health | ||||
| Total debt | — | — | C$33,554 | — |
| Cash & short-term investments | C$21.0M | C$9.3M | C$3.4M | C$7.2M |
| Net debt | −C$21.0M | −C$9.3M | −C$3.4M | −C$7.2M |
| Debt / equity | — | — | 0.01 | — |
| Debt / assets | — | — | 0.01 | — |
| Current ratio | 10.30 | 5.37 | 3.85 | 15.50 |
| Quick ratio | 10.30 | 5.37 | 3.85 | 15.50 |
| Interest coverage | — | -104.5 | — | -55.7 |
| Working capital | C$20.2M | C$7.8M | C$2.8M | C$6.8M |
| Invested capital | C$10.6M | −C$1.4M | −C$353,594 | −C$440,797 |
| Tangible asset value | C$31.6M | C$7.9M | C$3.1M | C$6.8M |
| Net current asset value | C$20.2M | C$7.8M | C$2.8M | C$6.8M |
| Capital allocation | ||||
| Capex / revenue | 6.8% | 41.4% | — | — |
| Capex / depreciation | 10.51 | 3.17 | 0.16 | 1.36 |
| Stock-based compensation / revenue | 3,357.3% | 0.2% | — | — |
| R&D / revenue | 1,775.5% | 409.9% | — | — |
| SG&A / revenue | 5,892.1% | 503.6% | — | — |
| Efficiency | ||||
| Days sales outstanding | 159.9 | 94.1 | — | — |
| Days payables outstanding | 3,036.3 | 703.1 | 318.4 | — |
| Cash conversion cycle (days) | -2,876.3 | -609.0 | — | — |
| Receivables turnover | 2.28 | 3.88 | 0.00 | 0.00 |
| Payables turnover | 0.12 | 0.52 | 1.15 | — |
| Asset turnover | 0.01 | 0.10 | 0.00 | 0.00 |
| Average receivables | C$138,232 | C$171,839 | C$72,832 | C$25,096 |
| Average payables | C$1.8M | C$1.1M | C$664,238 | C$468,768 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from BTQ's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
BTQ valuation and financial ratios
BTQ Technologies earned a return on equity of −124.4% and a return on invested capital of −429.5% in fiscal 2025.
See the BTQ income statement, the BTQ chart for price history, or the BTQ stock overview for the latest quote and news.
BTQ key metrics FAQ
What is BTQ Technologies's return on equity?
BTQ Technologies's return on equity (ROE) was −124.4% in fiscal 2025: net income of -C$24.6 million on average shareholders' equity of C$19.8 million.
What is BTQ Technologies's ROIC?
BTQ Technologies's return on invested capital was −429.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
What is BTQ Technologies's current ratio?
BTQ Technologies's current ratio was 10.30 at the end of fiscal 2025: current assets were 10.30 times current liabilities.