{ "ok": true, "cik": "1816431", "ticker": "QSI", "name": "QUANTUM-SI INCORPORATED", "filings": [ { "form": "10-Q", "filed": "2026-08-13", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1816431/000181643126000056/0001816431-26-000056-index.htm" }, { "form": "8-K", "filed": "2026-08-13", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1816431/000181643126000053/0001816431-26-000053-index.htm" }, { "form": "8-K", "filed": "2026-07-24", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule" ], "url": "https://www.sec.gov/Archives/edgar/data/1816431/000181643126000049/0001816431-26-000049-index.htm" }, { "form": "8-K", "filed": "2026-06-24", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1816431/000181643126000046/0001816431-26-000046-index.htm" }, { "form": "8-K", "filed": "2026-05-15", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1816431/000181643126000037/0001816431-26-000037-index.htm" }, { "form": "10-Q", "filed": "2026-05-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1816431/000181643126000034/0001816431-26-000034-index.htm" } ], "events12m": 10, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-07-24", "url": "https://www.sec.gov/Archives/edgar/data/1816431/000181643126000049/0001816431-26-000049-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001816431.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1816431" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up QUANTUM-SI INCORPORATED ($QSI). Last filing: 10-Q, 2026-08-13. 10 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 2436000, "revenueGrowth1y": -0.2034009156311315, "revenueGrowthPerYear": null, "yearsOfData": 5, "operatingMargin": -47.65968801313629, "operatingMarginPrior": -35.50555918901242, "netMargin": -41.60057471264368, "operatingCashFlow": -94717000, "capitalSpending": 2517000, "freeCashFlow": -97234000, "researchAndDevelopment": 53759000, "researchShareOfRevenue": 22.06855500821018, "cash": 21639000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 0 }, { "fiscalYearEnd": "2022-12-31", "revenue": 0 }, { "fiscalYearEnd": "2023-12-31", "revenue": 1082000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 3058000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 2436000 } ], "totalEquity": 220226000, "totalAssets": 245607000, "equityRatio": 0.8966601114789073, "returnOnEquity": -0.4601591092786501, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -0.51, "sharesOutstanding": 197765000, "bookValuePerShare": 1.1135741915910298, "revenuePerShare": 0.012317649735797537, "range80": { "low": 1424144.2296926095, "high": 2557211.1539568347, "baseline": 1940515.3695225636, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 1424144.2296926095, "high": 2557211.1539568347 } }, "edgarette": "🔖 Exposure: revenue $2.4M (FY2025). Experience: revenue down 20.3% on the year; operating margin -4766.0%, down from -3550.6%. Soundness: equity 89.7% of assets, return on equity -46.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.4M and $2.6M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, measuring & controlling devices, nec): operating margin -4766.0% against a 9.4% median; growth -20.3% against 2.9%.", "peers": { "sic": 3829, "sicDescription": "Measuring & Controlling Devices, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3829", "growth": [ 0.0286, 8 ], "opMargin": [ 0.0939, 8 ], "equityRatio": [ 0.5735, 8 ], "returnOnEquity": [ 0.044, 8 ] }, "summary": "Quantum-Si Incorporated (QSI) saw revenue fall 20.3% in FY2025 to $2 million, operating margin -4766% against a 9.4% median for measuring & controlling devices, nec, equity 89.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
QUANTUM-SI INCORPORATED against its own record and its peers
Operating marginPeer median 9.4%-4766.0%Revenue, on the yearPeer median 2.9%-20.3%Equity of assetsPeer median 57.4%89.7%Return on equityPeer median 4.4%-46.0%Gold tick: the median of 8–8 peers with $50M+ revenue in measuring & controlling devices, nec
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-27T22:54:56.691Z", "hash": "0bbc6f07127fd411", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Quantum-Si Incorporated (QSI) saw revenue fall 20.3% in FY2025 to $2 million, operating margin -4766% against a 9.4% median for measuring & controlling devices, nec, equity 89.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 2436000, "totalDebt": null, "cash": 21639000 }, "experience": { "revenueGrowth1y": -0.2034009156311315, "revenueGrowthPerYear": null, "operatingMargin": -47.65968801313629, "operatingMarginPrior": -35.50555918901242, "netMargin": -41.60057471264368, "freeCashFlow": -97234000 }, "soundness": { "equityRatio": 0.8966601114789073, "returnOnEquity": -0.4601591092786501, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3829, "sicDescription": "Measuring & Controlling Devices, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3829", "growth": [ 0.0286, 8 ], "opMargin": [ 0.0939, 8 ], "equityRatio": [ 0.5735, 8 ], "returnOnEquity": [ 0.044, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-07-24", "url": "https://www.sec.gov/Archives/edgar/data/1816431/000181643126000049/0001816431-26-000049-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 1424144.2296926095, "high": 2557211.1539568347, "baseline": 1940515.3695225636, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "credibility": null, "stress": null, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-27T22:54:56.691Z", "hash": "0bbc6f07127fd411", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001816431.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1816431" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -2, "growth3y": -0.2034, "volatility": 0.8954, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.8967, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns -200.0% of revenue into operating cash; revenue shrinking 20.3% a year over three years; no common dividend.", "outside": "Among under $50M companies: 15th percentile for cash, 20th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "under $50M", "cashPctInClass": 15, "growthPctInClass": 20, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±28%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -94717000, "investing": -28320000, "financing": 95423000, "capitalSpending": 2517000, "free": -97234000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -66813000, "free": -72576000 }, { "fiscalYearEnd": "2022-12-31", "operating": -90560000, "free": -101301000 }, { "fiscalYearEnd": "2023-12-31", "operating": -94036000, "free": -98546000 }, { "fiscalYearEnd": "2024-12-31", "operating": -87795000, "free": -92378000 }, { "fiscalYearEnd": "2025-12-31", "operating": -94717000, "free": -97234000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 21639000, "shortTerm": 141271000, "longTerm": 52855000, "equityHoldings": null, "totalAssets": 245607000, "ladder": null, "currentRatio": 7.64, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -2, "growth3y": -0.2034, "volatility": 0.8954, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.8967, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns -200.0% of revenue into operating cash; revenue shrinking 20.3% a year over three years; no common dividend.", "outside": "Among under $50M companies: 15th percentile for cash, 20th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "under $50M", "cashPctInClass": 15, "growthPctInClass": 20, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±28%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -94717000, "investing": -28320000, "financing": 95423000, "capitalSpending": 2517000, "free": -97234000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -66813000, "free": -72576000 }, { "fiscalYearEnd": "2022-12-31", "operating": -90560000, "free": -101301000 }, { "fiscalYearEnd": "2023-12-31", "operating": -94036000, "free": -98546000 }, { "fiscalYearEnd": "2024-12-31", "operating": -87795000, "free": -92378000 }, { "fiscalYearEnd": "2025-12-31", "operating": -94717000, "free": -97234000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 21639000, "shortTerm": 141271000, "longTerm": 52855000, "equityHoldings": null, "totalAssets": 245607000, "ladder": null, "currentRatio": 7.64, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }