QDM International Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data QDM International Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2014	FY2019	FY2019	FY2021	FY2021	FY2022	FY2024	FY2024	FY2025	FY2026
Revenue	2.38			0.22	0.12	0.07	1.13	6.37	8.38	21.5
Cost of revenue	1.18			0.2	0.12	0.07	0.72	3.91	1.06	9.96
Gross profit	1.2			0.02	0	0	0.42	2.45	7.32	11.5
Selling, general and administrative		0.05	0.09	0.59	0.33	0.38	0.37	0.65
General and administrative	1.56			0.04	0.04			0.65	1.41	2.36
Operating expenses		0.06	0.44	0.59	0.33	0.38	0.37	0.65	1.41	2.36
Operating income	-0.36	-0.06	-0.44	-0.57	-0.33	-0.38	0.04	1.8	5.91	9.15
Interest expense	0.01	0	0.03						0.01	0.01
Interest income	0
Other non-operating income		-0	-0.03	0.08	0.01	-0	0	0.07	0	0.11
Pre-tax income	-0.37			-0.49	-0.33	-0.38	0.04	1.87	5.91	9.26
Income tax								0.31	1.09	1.73
Net income	-0.37	-0.06	-0.47	-0.49	-0.33	-0.38	0.04	1.56	4.82	7.53
EBITDA	-0.27	-0.06	-0.44	-0.57	-0.33		0.05	1.84	5.95	9.18
EPS, basic	-8.68	0.00	-8.68	-685.72	-164.92	-55.72	0.28	0.28	0.56	0.88
EPS, diluted	-8.68	0.00	-8.68	-685.72	-164.92	-55.72	0.28	0.28	0.56	0.88
Shares, basic (weighted)	0.03			0	0.06				8.58	8.61
Shares, diluted (weighted)	0.03			0	0.06				8.58	8.61

Balance sheet

	FY2014	FY2019	FY2019	FY2021	FY2021	FY2022	FY2024	FY2024	FY2025	FY2026
Cash and equivalents	0.19	0.08	0.02	0.06	0.04	0.07	2.72	5.16	8.56	10.3
Receivables	0.01			0.01	0	0	0.29	0.18	1.7	2.9
Inventory	0.15
Other current assets	0.05			0.01	0.04	0.05	0.02	0.1	0.14	4.06
Total current assets	0.52	0.09	0	0.11	0.15	0.15	3.03	5.45	10.4	17.3
Property, plant and equipment	0.17	0	0	0		0	0.02	0.08	0.03	0
Lease right-of-use assets						0.11	0.08	0.2	0.19	0.07
Total assets	0.69	0.09	0	0.11	0.15	0.27	3.15	5.78	10.7	17.4
Accounts payable	0.06	0	0.03	0.02	0.01	0.01	0.22	0.57	0.29	0.08
Accrued liabilities	0.16	0.02	0.03
Deferred revenue	0.87
Short-term debt	0.1
Total current liabilities	1.3	0.13	0.32	0.04	0.58	0.87	1.3	2.27	1.8	1.04
Lease liabilities						0.07	0.04	0.09	0.07	0.03
Total liabilities	1.3	0.13	0.49	0.04	0.58	0.94	1.34	2.36	1.87	1.07
Total debt	0.1
Paid-in capital	6.64	8.45	8.66	9.5	9.34	9.47	11.9	11.9	12.5	11.7
Retained earnings	-7.22	-8.46	-8.93	-9.33	-9.66	-10	-9.99	-8.43	-3.6	3.93
Treasury stock	-0.04	-0.04	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06
Other comprehensive income						0	0
Shareholders' equity	-0.61	-0.05	-0.32	0.06	-0.43	-0.67	1.81	3.42	8.84	15.6
Total equity	-0.61	-0.05	-0.49	0.06	-0.41	-0.67	1.81	3.42	8.84	15.6
Total liabilities and equity	0.69	0.09	0	0.11	0.15	0.27	3.15	5.78	10.7	17.4
Shares outstanding	0.03	0.06	0	0	0	0.01	10.4	10.4	8.58	8.64

Cash flow statement

	FY2014	FY2019	FY2019	FY2021	FY2021	FY2022	FY2024	FY2024	FY2025	FY2026
Net income	-0.37	-0.06	-0.47	-0.49	-0.33	-0.38	0.04	1.56	4.82	7.53
Depreciation and amortization	0.09	0	0	0	0		0.01	0.04	0.04	0.03
Stock-based compensation	0.35		0.21	0.25	0.02		0.04
Change in receivables	0.01						-0.29	0.11	-1.52	-1.19
Change in payables	-0.15	0.02	0.02	0.03	-0.01	0.01	0.21	0.34	-0.28	-0.2
Cash from operations	-0.17	-0.05	-0.2	-0.13	-0.37	-0.4	0.01	2.21	4.08	1.77
Capital expenditures	-0					-0	-0.02	-0.09
Cash from investing	-0					-0	-0.02	-0.1
Debt repaid	-0.03
Stock issued						0.2	2.34
Cash from financing	-0.03	0.12	0.12	0.02	0.34	0.44	2.65	0.33	-0.68
Exchange rate effect							0	-0
Net change in cash	-0.2	0.07	-0.07	-0.11	-0.03	0.03	2.65	2.44	3.4	1.77
Free cash flow	-0.17					-0.4	-0.01	2.12
Interest paid	0.01
Income taxes paid										2.21

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $8.70 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	50.4%	Gross profit / revenue.
Operating margin	40.9%	Operating income / revenue.
EBITDA margin	41.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	39.6%	Pre-tax income / revenue.
Net margin	33.6%	Net income / revenue.
Operating cash flow margin	-7.6%	Cash from operations / revenue.
Effective tax rate	18.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	47.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	41.8%	Net income / average total assets.
Return on invested capital (ROIC)	102.5%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
D&A / revenue	0.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	156.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	166.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	180.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	57.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	202.4%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	682.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	54.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	500.5%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	54.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	467.2%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	56.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	453.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	57.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	46.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-56.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	431.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	76.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	105.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	62.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	76.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	158.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	170.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	13.7x	Current assets / current liabilities.
Quick ratio	7.23x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	6.65x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	7.6%	Total liabilities / total assets.
Interest coverage	1,830x	Operating income / interest expense.
Working capital	$19.3M	Current assets - current liabilities.
Tangible book value	$18.7M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.24x	Revenue / average total assets.
Receivables turnover	29.9x	Revenue / average receivables.
Days sales outstanding	12 days	365 x average receivables / revenue.
Days payables	3 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.02	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$3.04	Revenue / diluted weighted shares.
Operating cash flow per share	-$0.23	Cash from operations / diluted weighted shares.
Book value per share	$2.17	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$2.17	Tangible book value / shares outstanding.
Cash per share	$1.18	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$75.1M	Share price x shares outstanding.
Enterprise value	$65.0M	Market cap + total debt - cash - short-term investments.
P/E	8.51x	Market cap / net income. Only when net income is positive.
P/S	2.86x	Market cap / revenue.
P/B	4.02x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	4.02x	Market cap / tangible book value, when positive.
EV/Sales	2.47x	Enterprise value / revenue.
EV/EBIT	6.04x	Enterprise value / operating income, when both are positive.
EV/EBITDA	6.03x	Enterprise value / EBITDA, when both are positive.
Earnings yield	11.8%	Net income / market cap (the inverse of P/E).
PEG	0.18x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was QDM International Inc.'s revenue in fiscal 2026?

QDM International Inc. reported revenue of $21.5M for fiscal 2026, 156.2% higher than the year before.

Was QDM International Inc. profitable in fiscal 2026?

Yes. Net income was $7.5M, a net margin of 35.1%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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