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