Quarta-Rad, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Quarta-Rad, 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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	0.83	1.21	0.91	0.88	0.86	1.25	1.1	0.51	0.11	0.24
Cost of revenue	0.71	0.89	0.67	0.65	0.65
Gross profit	0.12	0.32	0.23	0.23	0.21	0.48	0.4	0.18	0.04	0.1
Research and development	0	0.06	0.1	0.07
General and administrative	0.01	0.02	0.06	0.13	0.01	0.04	0.05	0.03	0.14	0.3
Operating expenses	0.16	0.23	0.33	0.37	0.19	0.36	0.26	0.2	0.25	0.39
Operating income						0.12	0.14	-0.01	-0.21	-0.29
Pre-tax income	-0.04	0.09	-0.1	-0.14	0.02	0.01	0.02	0.06	-0.18	-0.25
Income tax					-0.05	0.01	0	0.01	0.03	0
Net income	-0.04	0.09	-0.1	-0.14	0.08	0.01	0.01	0.04	-0.22	-0.26
EBITDA						0.12	0.14	-0.01	-0.21	-0.29
EPS, basic	0.00	0.01	-0.01	-0.01					-0.01	-0.02
EPS, diluted	0.00	0.01	-0.01	-0.01					-0.01	-0.02
Shares, basic (weighted)	15.1	15.3	15.3	15.3	15.3	15.7	15.7	15.7	15.7	15.9
Shares, diluted (weighted)	15.1	15.3	15.3	15.3	15.3	15.7	15.7	15.7	15.7	15.9

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.07	0.08	0.09	0.04	0.11	0.26	0.29	0.07	0.06	0.07
Short-term investments						0.13	0.17	0.05	0	0
Receivables	0.05	0.04	0.08	0.13	0.05	0.07	0.06	0.01	0.01
Inventory	0.08	0.16	0.09	0.08	0.09	0.09	0.19	0.03	0
Other current assets			0.02
Total current assets	0.2	0.28	0.27	0.24	0.58	0.54	0.72	0.24	0.14	0.07
Property, plant and equipment					0	0	0	0	0	0
Total assets	0.2	0.28	0.27	0.24	0.63	0.58	0.75	0.68	0.58	0.41
Accounts payable	0	0.02	0.01	0.13	0.08	0.08	0.08	0.11	0.13	0.13
Deferred revenue							0.19
Total current liabilities	0.08			0.27	0.32	0.25	0.4	0.29	0.4	0.29
Total liabilities	0.08	0.07	0.16	0.27	0.32	0.25	0.4	0.29	0.4	0.29
Paid-in capital	0.07	0.07	0.07	0.07	0.34	0.35	0.35	0.35	0.35	0.55
Retained earnings	0.06	0.14	0.05	-0.1	-0.02	-0.01	0	0.05	-0.17	-0.43
Shareholders' equity	0.12	0.21	0.11	-0.03	0.32	0.33	0.35	0.39	0.18	0.12
Total equity	0.12	0.21	0.11	-0.03	0.32	0.33	0.35	0.39	0.18	0.12
Total liabilities and equity	0.2	0.28	0.27	0.24	0.63	0.58	0.75	0.68	0.58	0.41
Shares outstanding	15.3	15.3	15.3	15.3	15.7	15.7	15.7	15.7	15.7	15.9

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-0.04	0.09	-0.1	-0.14	0.02	0.12	0.01	0.04	-0.22	-0.26
Depreciation and amortization					0	0	0	0	0	0
Stock-based compensation										0.2
Deferred income tax					-0.05	0.01	0	0.01	0.03	0
Change in receivables	-0	0.01	-0.05	-0.04	0.08	-0.02	0	0.03	0.01	0.01
Change in inventory	0.03	-0.08	0.08	0.01	-0.01	0	-0.1	0.16	0.03	0
Change in payables	-0	0.02	-0.01	0.11	-0.06	-0.06	0	0.02	0.02	0.04
Cash from operations	-0.06	0.01	0.01	-0.05	0.04	0.05	0.2	0.05	-0.08	0.01
Capital expenditures			-0.45	-0.52	-0.58	-0.66	-0.47	0	0
Purchases of investments						-0.43	-0.43	-0.06
Sales and maturities of investments						0.53	0.26	0.2	0.04
Cash from investing					0.03	0.1	-0.17	-0.27	0.07
Stock issued	0.06	0.01
Cash from financing	0.06	0.01
Net change in cash	0	0.01	0.01	-0.05	0.07	0.15	0.03	-0.22	-0.01	0.01
Free cash flow			-0.44	-0.56	-0.55	-0.61	-0.27	0.05	-0.08
Interest paid						0
Income taxes paid						0.07			0.01	0

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 $0.35 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	39.3%	Gross profit / revenue.
Operating margin	-102.4%	Operating income / revenue.
Pre-tax margin	-103.9%	Pre-tax income / revenue.
Net margin	-105.1%	Net income / revenue.
Operating cash flow margin	3.8%	Cash from operations / revenue.
Return on equity (ROE)	-6,898.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-67.1%	Net income / average total assets.
Stock-based pay / revenue	55.4%	Stock-based compensation (from the cash flow statement) / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	129.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-39.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-22.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	156.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-36.5%	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	-13.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y	-63.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-23.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-29.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-29.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-17.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-28.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-18.1%	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	-8.2%	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	1.3%	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	0.4%	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	0.7%	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	0.15x	Current assets / current liabilities.
Quick ratio	0.11x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.11x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	99.0%	Total liabilities / total assets.
Working capital	-$309.0K	Current assets - current liabilities.
Tangible book value	$3.6K	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.64x	Revenue / average total assets.

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.
Revenue per share	$0.01	Revenue / diluted weighted shares.
Operating cash flow per share	$0.00	Cash from operations / diluted weighted shares.
Book value per share	$0.00	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$0.00	Tangible book value / shares outstanding.
Cash per share	$0.00	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$5.6M	Share price x shares outstanding.
Enterprise value	$5.5M	Market cap + total debt - cash - short-term investments.
P/S	23.7x	Market cap / revenue.
P/B	1,558x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1,558x	Market cap / tangible book value, when positive.
P/OCF	621x	Market cap / cash from operations, when positive.
EV/Sales	23.6x	Enterprise value / revenue.
Earnings yield	-4.4%	Net income / market cap (the inverse of P/E).

What was Quarta-Rad, Inc.'s revenue in fiscal 2025?

Quarta-Rad, Inc. reported revenue of $245.0K for fiscal 2025, 129.4% higher than the year before.

Was Quarta-Rad, Inc. profitable in fiscal 2025?

No. It reported a net loss of $256.9K.

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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