Filing Flows › QT Imaging Holdings (QTI) › Q2 2025
QT Imaging Holdings (QTI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
QT Imaging Holdings (QTI) reported revenue of $3.7M for the second quarter 2025 (Q2 2025), +113% from a year earlier and +31% from the quarter before. Operating margin was -28.5%, net loss $4.0M (109.4% of revenue).
QT Imaging Holdings, Q2 2025: revenue $3.7M (+114% year over year), operating margin -28.5%, net loss $4.0M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7M | +31% | +113% |
| Operating profit | −$1.0M | — | — |
| Net earnings | −$4.0M | — | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $3.7M in Q2 2025, up 113% year over year and up 31% from the previous quarter. Product was the largest line at 99% of revenue. Product added $2.0M year over year (up 119%), 101% of the total change. Service declined 40%.
Gross margin was 49.9%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -28.5%. Operating expenses fell 7% while revenue rose 113%. The quarter ended with a net loss of $4.0M, narrower than the previous quarter's $11.1M loss. Net interest and other expense of $3.0M was the main reason.
Operating cash flow was −$1.4M. Non-cash charges added back $38K of depreciation and amortization and $219K of share-based compensation. Working capital and other items added $2.3M. Capital expenditures of $47K exceeded it, leaving free cash flow of −$1.5M.
Questions
What was QT Imaging Holdings' revenue in the second quarter 2025?
QT Imaging Holdings (QTI) reported revenue of $3.7M for the second quarter 2025 (Q2 2025), +113% from a year earlier and +31% from the quarter before.
Was QT Imaging Holdings profitable in the second quarter 2025?
Operating loss was $1.0M (-28.5% of revenue) and net loss $4.0M.