QUTX Quantum X Inc.

Overview and Growth

In fiscal 2025, Quantum X Inc. recorded $0.00 of revenue, net loss of $484.85K, and an operating cash outflow of $807.89K. The top line contracted 100.0% from $709.53K in fiscal 2024; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were $0.00, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 5.78B; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 400.9% higher than fiscal 2024, when diluted shares averaged 1.15B, adding context to the EPS comparison. The company employed $318.63K of total assets, the balance-sheet base supporting its current operating and cash-flow results.

Profitability

The first profit layer was $0.00 of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Operations produced a $1.06M operating loss before non-operating and tax effects. The company ended the period with a net loss of $484.85K, extending the operating result through all remaining items. The company reported negative EBITDA of $1.05M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The company recognized $0.00 of income tax for the period, completing the transition from pretax income to net income. Relative to total assets, the net loss represented 152.2%. Compared with a $2.43M net loss in fiscal 2024, the current loss improved to $484.85K.

Liquidity and Capital Structure

The company held $318.63K of assets against $2.26M of liabilities and -$1.95M of equity, revealing how the asset base was financed. With total equity at -$1.95M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. Current assets were $254.24K against $2.26M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered only 0.11x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $227.59K, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 10.0% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was -610.8%, placing book capital against the total resource base. Liabilities represented 710.8% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 71.4%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 226.0% from $97.73K in fiscal 2024, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $807.89K, showing that operations absorbed cash during the period. The operating cash outflow widened to $807.89K from $250.50K in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 26, 2026.