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Quantum-Si (QSI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Quantum-Si (QSI) Q3 2026 earnings results →
Q3 2026 Revenue down 62% year over year to $212K
Quantum-Si made $212K in Q3 2026 (-62% Y/Y): Product $173K, Service $39K. Operating margin n/m, net loss $22.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $212K in Q3 2026, down 62% year over year and down 38% from the previous quarter. Product was the largest line at 82% of revenue. Product lost $332K year over year (down 66%), 98% of the total change.
Gross margin was 34.9%, down 0.2 points from Q3 2025. Operating costs exceeded revenue by $23.8M, an operating margin of -11215.1%. Operating expenses fell 40% while revenue fell 62%. The quarter ended with a net loss of $22.3M, narrower than the previous quarter's $23.5M loss.
Operating cash flow was −$20.5M. Non-cash charges added back $1.2M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $2.2M. Capital expenditures of $95K exceeded it, leaving free cash flow of −$20.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $212K | -62% | n/m | −$22.3M | −$20.5M |
| Q2 2026 | 10-Q | Aug 13, 2026 | $344K | -42% | n/m | −$23.5M | −$18.4M |
| Q1 2026 | 10-Q | May 7, 2026 | $258K | -69% | n/m | −$21.7M | −$25.6M |
| Q4 2025 | 10-K | Mar 3, 2026 | $451K | -62% | n/m | −$17.6M | −$16.3M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $552K | -30% | n/m | −$35.7M | −$32.0M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $591K | -5% | n/m | −$28.8M | −$20.2M |
| Q1 2025 | 10-Q | May 15, 2025 | $842K | +84% | n/m | −$19.2M | −$26.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Quantum-Si
Quantum-Si Incorporated (including its subsidiaries, “Quantum-Si”, “QSI”, or the “Company”) was incorporated in Delaware on June 10, 2020 as HighCape Capital Acquisition Corp. (“HighCape”). The Company’s legal name became Quantum-Si Incorporated following a business combination on June 10, 2021 between the Company and Q-SI Operations Inc. (formerly Quantum-Si Incorporated) (the “Business Combination”), which was founded in 2013. We are a life sciences company focused on proteomics research, with the mission of transforming single-molecule analysis and democratizing its use by providing researchers and clinicians access to the proteome, the set of proteins expressed within a cell.
In its own words, from its 10-K, filed Mar 3, 2026.
Quantum-Si against its Measuring & Controlling Devices, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -62% against the peers' median +9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| QSI Quantum-Si | Q3 2026 | $212K | -62% | n/m |
| TMO Thermo Fisher Scientific | Q3 2026 | $12.1B | +9% | 18.6% |
| ROK Rockwell Automation | Q4 FY26 | $2.3B | +0.7% | 18.6% |
| TRMB Trimble | Q3 2026 | $967M | +7% | 14.7% |
| ONTO Onto Innovation | Q2 2026 | $343M | +35% | 18.5% |
| MIR Mirion Technologies | Q3 2026 | $278M | +24% | 6.2% |
| OWLT Owlet | Q2 2026 | $33.9M | +30% | 5.1% |
| GEOS Geospace Technologies | Q3 FY26 | $15.8M | -36% | -64.1% |
| BCHT Birchtech | Q2 2026 | $3.8M | +16% | -42.8% |
Source: Quantum-Si 10-Q on SEC EDGAR · CIK 1816431 · Measuring & Controlling Devices, NEC
Guidance and outlook
13F: who owns QSI and who is buying
More on QSI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results