QSEP · CIK 0001103795
QS ENERGY, INC.
Annual figures as reported, FY2014–FY2025. Ratios and growth rates derived on-page.
Oil & Gas Field Machinery & Equipment
Company profile
Revenue
$0
Net income
−$15.3M
▼ −691.4% vs FY2024
Free cash flow
−$4.0M
▼ −242.9% vs FY2024
Diluted EPS
−$0.03
Revenue
Annual, as reported
Net income
Losses shown in terracotta
Recent quarters
momentum · last 12 quartersRevenue — Mar ’26 quarter
$0
Net income — Mar ’26 quarter
−$781K
▲ +91.9% vs Mar ’25
Revenue — trailing 12 months
$0
Diluted EPS — trailing 12 months
−$0.01
▲ +50.0% vs Mar ’25
Quarterly revenue
Discrete quarters; Q4 derived from the annual figure
Quarterly net income
Losses shown in terracotta
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | $0 | — | — | −$781K | — | $0.00 |
| Dec ’25 | $0 | — | — | −$1.5M | — | −$0.01 |
| Sep ’25 | $0 | — | — | −$2.0M | — | $0.00 |
| Jun ’25 | $0 | — | — | −$2.1M | — | $0.00 |
| Mar ’25 | $0 | — | — | −$9.7M | — | −$0.02 |
| Dec ’24 | $0 | — | — | −$787K | — | $0.00 |
| Sep ’24 | $0 | — | — | −$365K | — | $0.00 |
| Jun ’24 | $0 | — | — | −$333K | — | $0.00 |
Profitability & returns
quality of earningsMargins
Share of revenue kept at each line
Returns on capital
Net income vs year-end equity and assets
Cash flow
cash generationFree cash flow
Operating cash flow less capital expenditure
Operating cash flow
Net cash from operations
Shareholder returns
capital allocationDiluted shares outstanding
Falling count means buybacks outpace dilution
Balance sheet
financial positionStockholders’ equity
At fiscal year end
Net debt
Long-term debt less cash — negative means net cash
Growth rates
compounding, annualizedShare count change (split-adjusted)
+57.9%
5y
Key ratios
derived per fiscal year| Fiscal year | Net margin | FCF margin | ROE | ROA | Current ratio |
|---|---|---|---|---|---|
| FY2025 | — | — | — | −27827.3% | 0.01× |
| FY2024 | — | — | — | −1179.3% | 0.03× |
| FY2023 | — | — | — | −1457.1% | 0.02× |
| FY2022 | — | — | — | −979.7% | 0.03× |
| FY2021 | — | — | — | −507.1% | 0.03× |
| FY2020 | — | — | — | −2118.4% | 0.03× |
| FY2019 | — | — | — | −936.8% | 0.20× |
| FY2018 | — | — | — | −252.2% | 0.44× |
| FY2017 | −9670.0% | −3670.0% | — | −1667.2% | 0.11× |
| FY2016 | — | — | — | −2150.5% | 0.10× |
| FY2015 | — | — | — | −988.1% | 0.33× |
| FY2014 | −1669.3% | −1469.9% | −292.9% | −170.7% | 2.37× |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | $0 | — | −$14.9M | −$15.3M | −$0.03 | −$4.0M | $0 | $55K | $5.9M | −$5.9M | $6K | $16K |
| FY2024 | $0 | — | −$1.6M | −$1.9M | $0.00 | −$1.2M | $2K | $164K | $5.9M | −$5.7M | $150K | $133K |
| FY2023 | $0 | — | −$891K | −$1.2M | $0.00 | −$629K | $0 | $84K | $5.3M | −$5.2M | $70K | $25K |
| FY2022 | $0 | — | −$1.3M | −$1.5M | $0.00 | −$923K | $1K | $158K | $4.8M | −$4.7M | $133K | $140K |
| FY2021 | $0 | — | −$1.2M | −$1.4M | $0.00 | −$722K | $0 | $280K | $4.5M | −$4.2M | $114K | — |
| FY2020 | $0 | — | −$1.8M | −$2.4M | −$0.01 | −$969K | $0 | $114K | $3.6M | −$3.5M | $52K | — |
| FY2019 | $0 | — | — | −$5.6M | −$0.02 | −$2.7M | $6K | $600K | $2.9M | −$2.3M | $479K | — |
| FY2018 | $0 | — | — | −$3.1M | −$0.01 | −$1.5M | $0 | $1.2M | $2.7M | −$1.5M | — | — |
| FY2017 | $50K | — | — | −$4.8M | −$0.02 | −$1.8M | $49K | $290K | $2.2M | −$1.9M | — | — |
| FY2016 | $0 | — | — | −$4.0M | −$0.02 | −$1.6M | $5K | $186K | $1.5M | −$1.4M | — | — |
| FY2015 | $0 | — | — | −$4.2M | −$0.02 | −$2.6M | $13K | $428K | $1.2M | −$782K | — | — |
| FY2014 | $240K | — | — | −$4.0M | −$0.02 | −$3.5M | $0 | $2.3M | $980K | $1.4M | — | — |
Latest filings
the most recent regulatory filings10-QFORM 10-Q FOR MAR 20262026-05-15 ↗10-KFORM 10-K FOR DEC 20252026-03-31 ↗10-QFORM 10-Q FOR SEPT. 20252025-11-14 ↗10-QFORM 10-Q FOR JUN 20252025-08-14 ↗8-KCURRENT REPORT2025-06-25 ↗8-KCURRENT REPORT2025-06-20 ↗4Insider ownership filing2025-05-27 ↗10-QFORM 10-Q FOR MAR 20252025-05-14 ↗10-KFORM 10-K FOR DEC 20242025-03-28 ↗SCHEDULE 13D/ASEC filing2025-02-27 ↗
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