Filing Flows › QT Imaging Holdings (QTI) › Q4 2025
QT Imaging Holdings (QTI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 25, 2026
QT Imaging Holdings (QTI) reported revenue of $8.3M for the fourth quarter 2025 (Q4 2025), +877% from a year earlier and +97% from the quarter before. Operating margin was -8.5%, net loss $1.4M (16.8% of revenue).
QT Imaging Holdings, Q4 2025: revenue $8.3M (+877% year over year), operating margin -8.5%, net loss $1.4M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.3M | +97% | +877% |
| Operating profit | −$700K | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $8.3M in Q4 2025, up 877% year over year and up 97% from the previous quarter. Product was the largest line at 99% of revenue.
Gross margin was 38.0%, down 9.3 points from Q4 2024. Operating costs exceeded revenue by $700K, an operating margin of -8.5%. Operating expenses grew 57% against revenue growth of 877%. The fastest-growing cost line was Research & development (+61%). The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $4.6M loss.
Operating cash flow was −$3.1M. Non-cash charges added back $16K of depreciation and amortization and $282K of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $77K exceeded it, leaving free cash flow of −$3.2M.
Questions
What was QT Imaging Holdings' revenue in the fourth quarter 2025?
QT Imaging Holdings (QTI) reported revenue of $8.3M for the fourth quarter 2025 (Q4 2025), +877% from a year earlier and +97% from the quarter before.
Was QT Imaging Holdings profitable in the fourth quarter 2025?
Operating loss was $700K (-8.5% of revenue) and net loss $1.4M.