Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Quality Industrial Corp. 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
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
65.6
11.2
16.3
Cost of revenue
44.8
7.21
11.5
Gross profit
0.04
20.8
3.96
4.79
Research and development
0
0.01
4.84
0
0
Selling, general and administrative
0.02
0.05
0.33
11.2
General and administrative
0.33
0.13
2.45
2.3
4.87
Operating expenses
0.09
1.95
4.77
0.42
2.77
3.27
5.25
Operating income
-0.05
-1.95
-4.77
-0.42
-2.77
0.7
-0.46
Interest expense
0.01
-0
-3.84
0.01
0.09
0.08
Other non-operating income
0
0.46
-1.47
-0.28
-3.98
Pre-tax income
-2.89
-1.95
Income tax
0
0.16
0.17
Net income to minority interests
0.79
0.84
Net income
-2.89
-1.95
-4.78
-0.1
-4.23
-0.52
-5.44
EBITDA
1.84
-2.77
0.81
-0.31
EPS, basic
-0.04
-0.03
-0.07
0.00
-0.04
0.00
-0.03
EPS, diluted
-0.04
-0.03
-0.07
0.00
-0.04
0.00
-0.03
Shares, basic (weighted)
75
78.6
71.3
75.5
115
129
157
Shares, diluted (weighted)
75
78.6
71.3
77.2
127
129
157
Balance sheet
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.13
0.02
0.02
1.31
0
0.23
0.43
Receivables
37.8
3.21
5.31
Inventory
1.2
1.22
0.2
Other current assets
0.19
0
0.01
2
2
0.49
Total current assets
0.13
0.21
0.02
0.01
2
7.47
7.04
Property, plant and equipment
0.05
0.5
Lease right-of-use assets
0.2
0.37
Goodwill
8.41
8.41
Long-term investments
1
6.5
0
Other non-current assets
0.21
89.1
Total assets
0.13
0.21
0.23
1.01
8.84
18.1
16.6
Accounts payable
0.02
0.14
0
43.3
0.17
2.12
1.16
Accrued liabilities
0.21
1.21
0
0.14
Total current liabilities
0.06
0.23
0.6
0.11
5.78
11.2
16.8
Lease liabilities
13.7
0.13
0.23
Other non-current liabilities
0
1.95
4.76
1.32
Total liabilities
0.06
0.23
0.6
1.21
8.09
16.1
18.3
Total debt
0.33
Paid-in capital
5.37
7.23
11.9
12.2
17.3
18
18.5
Retained earnings
-5.63
-7.58
-12.4
-12.5
-16.7
-17.2
-22.7
Shareholders' equity
0.07
-0.02
-0.37
-0.19
0.74
Minority interests
23.8
1.05
2.34
Total equity
0.07
-0.02
-0.37
-0.19
0.74
2
-1.68
Total liabilities and equity
0.13
0.21
0.23
1.01
8.84
18.1
16.6
Shares outstanding
78.3
78.7
71.1
77.2
127
127
179
Cash flow statement
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-2.89
-1.95
-4.78
6.77
-4.23
0.27
-4.6
Depreciation and amortization
2.26
0
0.12
0.15
Stock-based compensation
1.85
4.31
0
2.3
0.1
Change in receivables
-0.51
-2.1
Change in inventory
0.18
0.61
Change in payables
0.01
0.11
0.07
-0.18
0.14
1.26
Cash from operations
-0.08
-0.17
-0.41
-0.42
2.36
1.15
-2.59
Capital expenditures
-0.3
Acquisitions
-1
Cash from investing
-1
-5.5
-0.01
-1.38
Debt issued
-7.41
Stock issued
0.09
0
0.11
0.28
2
0.03
0.04
Cash from financing
0.09
0.06
0.41
1.4
3.14
-0.93
4.17
Net change in cash
0
-0.11
-0
1.3
-0
0.22
0.2
Free cash flow
-2.89
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 $0.01 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
28.6%
Gross profit / revenue.
Operating margin
2.3%
Operating income / revenue.
EBITDA margin
3.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-24.3%
Net income / revenue.
Operating cash flow margin
-15.2%
Cash from operations / revenue.
Return on assets (ROA)
-22.6%
Net income / average total assets.
D&A / revenue
1.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
45.9%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-37.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
20.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-38.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y
-165.4%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-138.3%
EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-324.1%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-8.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
154.0%
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
140.4%
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
22.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
26.8%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
14.9%
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
0.41x
Current assets / current liabilities.
Quick ratio
0.30x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
108.3%
Total liabilities / total assets.
Interest coverage
8.80x
Operating income / interest expense.
Working capital
-$10.8M
Current assets - current liabilities.
Goodwill and intangibles / assets
49.2%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.93x
Revenue / average total assets.
Fixed asset turnover
26.7x
Revenue / average property, plant and equipment.
Inventory turnover
42.9x
Cost of revenue / average inventory.
Days inventory
9 days
365 x average inventory / cost of revenue.
Receivables turnover
2.98x
Revenue / average receivables.
Days sales outstanding
123 days
365 x average receivables / revenue.
Days payables
32 days
365 x average accounts payable / cost of revenue.
Cash conversion cycle
99 days
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.02
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.
Market cap + total debt - cash - short-term investments.
P/S
0.09x
Market cap / revenue.
EV/Sales
0.08x
Enterprise value / revenue.
EV/EBIT
3.36x
Enterprise value / operating income, when both are positive.
EV/EBITDA
2.29x
Enterprise value / EBITDA, when both are positive.
Earnings yield
-285.7%
Net income / market cap (the inverse of P/E).
What was Quality Industrial Corp.'s revenue in fiscal 2025?
Quality Industrial Corp. reported revenue of $16.3M for fiscal 2025, 45.9% higher than the year before.
Was Quality Industrial Corp. profitable in fiscal 2025?
No. It reported a net loss of $5.4M.
How much free cash flow did Quality Industrial Corp. generate in fiscal 2025?
Cash from operations of $2.6M minus capital expenditures of $299.8K left free cash flow of -$2.9M.
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.