For the quarter ending 2025-09-30, QTIH had -$306,780 decrease in cash & cash equivalents over the period. -$878,750 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Revenue | 10,649,930 | - |
| Cost of revenue | 5,208,318 | - |
| Research and development | 2,691,704 | - |
| Selling, general and administrative | 6,486,697 | - |
| Other expense (income), net | -8,770,514 | - |
| Change in fair value of warrant liability | 80,043 | - |
| Change in fair value of derivative liability | 0 | - |
| Change in fair value of earnout liability | 2,230,000 | - |
| Interest expense, net | -1,635,014 | - |
| Income tax expense | 2,782 | - |
| Net loss | -4,557,406 | -15,137,515 |
| Depreciation and amortization | 39,550 | 75,924 |
| Stock-based compensation | 198,795 | 319,926 |
| Warrant modification expense | 0 | 0 |
| Loss on issuance of the lynrock lake term loan | 0 | 6,640,384 |
| Debt extinguishment loss | -46,387 | -2,033,666 |
| Debt modification expense | 0 | 90,000 |
| Provision for credit losses | 0 | 0 |
| Fair value of common stock issued in exchange for services and in connection with non-redemption agreements | 0 | 0 |
| Loss on issuance of common stock in connection with a subscription agreement | 0 | 0 |
| Non-cash interest | 201,277 | 547,820 |
| Non-cash operating lease income | 12,287 | 18,725 |
| Change in fair value of warrant liability | 80,043 | 3,501,079 |
| Change in fair value of derivative liability | 0 | 101,300 |
| Change in fair value of earnout liability | 2,230,000 | -160,000 |
| Accounts receivable | -407,604 | 3,584,191 |
| Inventory | 2,011,129 | 90,379 |
| Prepaid expenses and other current assets | -928,466 | 1,226,752 |
| Accounts payable | 299,807 | 771,743 |
| Accrued expenses and other current liabilities | 917,135 | 938,963 |
| Deferred revenue | -10,357 | -15,079 |
| Other liabilities | 363,365 | 435,614 |
| Net cash used in operating activities | -878,750 | -4,978,822 |
| Purchases of property and equipment | 0 | 46,818 |
| Net cash used in investing activities | 0 | -46,818 |
| Proceeds from long-term debt, net of issuance costs | 5,000,000 | 10,000,000 |
| Proceeds from sale of common stock and warrants, net of issuance costs | -20,759 | 700,000 |
| Proceeds from issuance of common stock pursuant to subscription agreement, net of issuance costs | 0 | 0 |
| Proceeds from stock option exercises | 74,839 | - |
| Proceeds from warrant exercises | 531,622 | - |
| Repayment of long-term debt | 13,732 | 4,674,284 |
| Repayment of bridge loans | 0 | 0 |
| Payment of deferred issuance costs | 0 | 150,000 |
| Proceeds from the merger, net of transaction costs | 0 | 0 |
| Repurchase of warrant from yorkville | 5,000,000 | - |
| Net cash provided by financing activities | 571,970 | 5,875,716 |
| Net increase in cash and restricted cash and cash equivalents | -306,780 | 850,076 |
| Cash and cash equivalents at beginning of period | 1,192,104 | - |
| Cash and cash equivalents at end of period | 1,735,400 | - |
QT IMAGING HOLDINGS, INC. (QTIH)
QT IMAGING HOLDINGS, INC. (QTIH)