| Cash Flow | 2026-03-31 | 2025-12-31 |
|---|---|---|
| Revenue | 6,530 | 18,925 |
| Cost of revenue | 3,858 | 10,341 |
| Research and development | 1,724 | 3,936 |
| Selling, general and administrative | 3,297 | 9,085 |
| Other expense, net | -4 | -8,761 |
| Change in fair value of warrant liability | 173 | 3,578 |
| Change in fair value of derivative liability | 0 | 101 |
| Change in fair value of earnout liability | -50 | 1,770 |
| Interest expense, net | -930 | -2,639 |
| Income tax benefit | 0 | -1 |
| Net loss | -3,406 | -21,083 |
| Depreciation and amortization | 20 | 131 |
| Stock-based compensation | 381 | 801 |
| Provision for credit losses | NaN | 0 |
| Fair value of common stock issued in exchange for services and in connection with non-redemption agreements | NaN | 0 |
| Loss on issuance of the lynrock lake term loan | 0 | 6,640 |
| Debt modification expense | 0 | -90 |
| Loss on issuance of common stock in connection with a subscription agreement | NaN | 0 |
| Warrant modification expense | NaN | 0 |
| Loss on debt extinguishment | 0 | -2,080 |
| Non-cash interest | 677 | 1,159 |
| Non-cash operating lease | 12 | 43 |
| Change in fair value of warrant liability | 173 | 3,578 |
| Change in fair value of derivative liability | 0 | 101 |
| Change in fair value of earnout liability | -50 | 1,770 |
| Accounts receivable | 572 | 5,714 |
| Inventory | 1,799 | 1,925 |
| Prepaid expenses and other current assets | 247 | 304 |
| Accounts payable | -495 | 2,452 |
| Accrued expenses and other current liabilities | 468 | 446 |
| Other liabilities | 1,208 | 1,064 |
| Net cash used in operating activities | -3,654 | -8,959 |
| Purchases of property and equipment | 17 | 124 |
| Net cash used in investing activities | -17 | -124 |
| Proceeds from sale of common stock and warrants | 155 | 17,569 |
| Proceeds from issuance of common stock pursuant to a subscription agreement | NaN | 0 |
| Proceeds from long-term debt, net of issuance costs | 0 | 14,856 |
| Repayment of long-term debt | 9 | 9,702 |
| Repayment of bridge loans | NaN | 0 |
| Repurchase of warrant from yorkville | NaN | -5,000 |
| Proceeds from the merger, net of transaction costs | NaN | 0 |
| Cash paid for stock issuance costs | 232 | 0 |
| Proceeds from warrant exercises | NaN | 555 |
| Proceeds from stock option exercises | 245 | 75 |
| Net cash provided by financing activities | 159 | 18,353 |
| Net increase in cash and cash equivalents and restricted cash and cash equivalents | -3,512 | 9,270 |
| Cash and cash equivalents and restricted cash and cash equivalents, beginning balance | 10,462 | 1,192 |
| Cash and cash equivalents and restricted cash and cash equivalents, ending balance | 6,950 | 10,462 |
QT IMAGING HOLDINGS, INC. (QTI)
QT IMAGING HOLDINGS, INC. (QTI)