Filing Flows › Quantum X Labs (QXL) › Q1 2025
Quantum X Labs (QXL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Quantum X Labs (QXL) reported revenue of $2.7M for the first quarter 2025 (Q1 2025), -73% from a year earlier and -18% from the quarter before. Operating margin was -35.5%, net loss $3.8M (140.7% of revenue).
Quantum X Labs, Q1 2025: revenue $2.7M (-73% year over year), operating margin -35.5%, net loss $3.8M, operating cash flow −$409K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | -18% | -73% |
| Operating profit | −$969K | — | — |
| Net earnings | −$3.8M | — | — |
| Operating cash flow | −$409K | — | — |
What changed
Revenue was $2.7M in Q1 2025, down 73% year over year and down 18% from the previous quarter. Digital Content Segment was the largest line at 81% of revenue. Digital Content Segment lost $5.3M year over year (down 71%), 73% of the total change.
Operating costs exceeded revenue by $1.0M, an operating margin of -35.5%. Total costs fell 66% while revenue fell 73%. The quarter ended with a net loss of $3.8M, narrower than the previous quarter's $4.0M loss. Minority interests bore $176K of it: to shareholders the quarter was a loss of $3.7M. Net interest and other expense of $2.9M was the main reason.
Operating cash flow was −$409K. Non-cash charges added back $719K of depreciation and amortization and $3K of share-based compensation. Working capital and other items added $2.7M.
Questions
What was Quantum X Labs' revenue in the first quarter 2025?
Quantum X Labs (QXL) reported revenue of $2.7M for the first quarter 2025 (Q1 2025), -73% from a year earlier and -18% from the quarter before.
Was Quantum X Labs profitable in the first quarter 2025?
Operating loss was $969K (-35.5% of revenue) and net loss $3.8M.
Source: Quantum X Labs 10-Q on SEC EDGAR.