Filing Flows › QT Imaging Holdings (QTI) › Q1 2025
QT Imaging Holdings (QTI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
QT Imaging Holdings (QTI) reported revenue of $2.8M for the first quarter 2025 (Q1 2025), +105% from a year earlier and +230% from the quarter before. Operating margin was -37.2%, net loss $11.1M (398.0% of revenue).
QT Imaging Holdings, Q1 2025: revenue $2.8M (+105% year over year), operating margin -37.2%, net loss $11.1M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8M | +230% | +105% |
| Operating profit | −$1.0M | — | — |
| Net earnings | −$11.1M | — | — |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $2.8M in Q1 2025, up 105% year over year and up 230% from the previous quarter. Product was the largest line at 99% of revenue. Product added $1.5M year over year (up 111%), 101% of the total change. Service declined 32%.
Gross margin was 64.8%, up 9.0 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -37.2%. Operating expenses fell 55% while revenue rose 105%. The fastest-growing cost line was Research & development (+33%). The quarter ended with a net loss of $11.1M, wider than the previous quarter's $3.5M loss. Net interest and other expense of $10.1M was the main reason.
Operating cash flow was −$3.5M. Non-cash charges added back $38K of depreciation and amortization and $101K of share-based compensation. Working capital and other items added $7.5M.
Questions
What was QT Imaging Holdings' revenue in the first quarter 2025?
QT Imaging Holdings (QTI) reported revenue of $2.8M for the first quarter 2025 (Q1 2025), +105% from a year earlier and +230% from the quarter before.
Was QT Imaging Holdings profitable in the first quarter 2025?
Operating loss was $1.0M (-37.2% of revenue) and net loss $11.1M.