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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›QXL›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

QUANTUM X LABS INC. (QXL) financials

Income statement

QUANTUM X LABS INC. (QXL) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue——$252K$208K$96.0K$45.2M$96.6M$79.6M$26.9M—
Revenue growth———-17.5%-53.8%47008.3%113.6%-17.6%-66.2%—
Gross profit——$177K$206K$91.0K$41.0K————
Gross margin——70.2%99.0%94.8%0.1%————
Operating income-$5.39M-$557K-$578K-$1.00M-$454K$541K$2.73M-$7.47M-$837K-$2.18M
Operating margin——-229.4%-482.7%-472.9%1.2%2.8%-9.4%-3.1%—
Net income-$6.15M-$1.53M-$575K-$1.12M-$443K$300K$28.0K-$7.32M-$12.1M-$19.3M
Net margin——-228.2%-537.0%-461.5%0.7%0.0%-9.2%-44.7%—
EPS (diluted)-$0.32-$0.07-$2.11-$0.08$0.01$0.01$0.00$1.97$2.69$2.28

Cash flow

QUANTUM X LABS INC. (QXL) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$859K-$630K$30.0K-$135K-$53.0K$4.37M$3.24M$934K$1.40M-$2.77M
Capital expenditures$23.1K——$2.00K—$311K$58.0K$16.0K$1.00K—
Free cash flow-$882K——-$137K—$4.05M$3.18M$918K$1.40M—
Dividends paid——————$73.0K$130K——

Balance sheet

QUANTUM X LABS INC. (QXL) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$4.49K$2.96K$51.0K$87.0K$148K$5.21M$4.20M$1.77M$24.0K$1.02M
Total assets$57.6K$29.5K$158K$230K$225K$51.3M$63.7M$43.3M$22.0M$10.8M
Total liabilities$1.29M$1.62M$975K———————
Long-term debt—————$4.27M$2.88M$3.06M$496K$586K
Shareholders' equity-$1.24M-$395K-$721K-$1.69M-$2.08M$13.7M$22.0M$14.8M$5.77M$4.99M
Retained earnings-$15.0M-$16.6M-$13.6M-$14.7M-$15.2M-$2.37M-$3.34M-$10.7M-$22.7M-$46.0M
Shares (wtd avg diluted)20.0M22.5M273K31.2M34.8M15.0M15.0M3.72M4.48M8.47M

Every figure is extracted from QUANTUM X LABS INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

Does QXL pay a dividend?
QUANTUM X LABS INC. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full QXL analysis — verdict, score & filings →Is QXL a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.