Filing Flows › Quantum X Labs (QXL) › Q2 2026
Quantum X Labs (QXL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Quantum X Labs (QXL) reported revenue of $293K for the second quarter 2026 (Q2 2026), -21% from a year earlier. Operating margin was -476.1%, net earnings $2.4M (824.9% of revenue).
Quantum X Labs, Q2 2026: revenue $293K (-21% year over year), operating margin -476.1%, net earnings $2.4M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $293K | — | -21% |
| Operating profit | −$1.4M | — | — |
| Net earnings | $2.4M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $293K in Q2 2026, down 21% year over year. Search Segment was the largest line at 97% of revenue. Search Segment lost $71K year over year (down 20%), 92% of the total change.
Operating costs exceeded revenue by $1.4M, an operating margin of -476.1%. Total costs grew 21% against a revenue fall of 21%. The fastest-growing cost line was Research & development (+825%). Net earnings were $2.5M ($2.4M including minority interests, which bore $68K of losses). The effective tax rate was -4.0%. Non-operating items added $3.7M, 160% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.1M. Non-cash charges added back $228K of depreciation and amortization. Working capital and other items used $3.7M. Capital expenditures of $186K exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Quantum X Labs' revenue in the second quarter 2026?
Quantum X Labs (QXL) reported revenue of $293K for the second quarter 2026 (Q2 2026), -21% from a year earlier.
Was Quantum X Labs profitable in the second quarter 2026?
Operating loss was $1.4M (-476.1% of revenue) and net earnings $2.4M.
Source: Quantum X Labs 10-Q on SEC EDGAR.