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Annual figures as reported in 10-K / 20-F / 40-F filings.
QXL · CIK 0000797542

QUANTUM X LABS INC.

Annual figures as reported, FY2014–FY2025. Ratios and growth rates derived on-page.

QXL logo
Services-Prepackaged Software
Company profile
Nasdaq · QXLHQ Ramat GanIncorporated in DEFiscal year ends Dec 31Non-accelerated filer Smaller reporting company
Revenue
$26.9M
▼ −66.2% vs FY2023
Net income
−$19.3M
▼ −60.0% vs FY2024
Free cash flow
$1.5M
▲ +68.0% vs FY2023
Diluted EPS
$2.28
▼ −15.2% vs FY2024

Revenue

Annual, as reported

025M50M75M’14’18’20’22’24$26.9M

Net income

Losses shown in terracotta

−15M−10M−5M0’14’16’18’20’22’24’25−$19.3M

Recent quarters

momentum · last 12 quarters
Revenue — Sep ’25 quarter
$2.7M
▼ −56.7% vs Sep ’24
Net income — Mar ’26 quarter
−$605K
▲ +83.5% vs Mar ’25
Revenue — trailing 12 months
$11.1M
▼ −72.0% vs Sep ’24
Diluted EPS — trailing 12 months
$1.65
▼ −46.8% vs Mar ’25

Quarterly revenue

Discrete quarters; Q4 derived from the annual figure

010M20M30MDec ’22Jun ’23Dec ’23Jun ’24Dec ’24Jun ’25Sep ’25$2.7M

Quarterly net income

Losses shown in terracotta

−10M−5M0Jun ’23Dec ’23Jun ’24Dec ’24Jun ’25Dec ’25Mar ’26−$605K
QuarterRevenueRev. YoYGross marginNet incomeNet marginDiluted EPS
Sep ’25$2.7M−56.7%—−$3.4M−124.9%$0.32
Jun ’25$2.3M−68.9%—−$11.7M−511.1%$1.61
Mar ’25$2.7M−72.7%—−$3.7M−134.2%$0.68
Dec ’24$3.3M−79.1%—−$3.3M−98.9%$0.39
Sep ’24$6.3M−60.0%—−$590K−9.4%$0.12
Jun ’24$7.3M−73.0%—−$7.2M−97.9%$1.91
Mar ’24$10.0M−52.1%—−$999K−10.0%$0.27
Dec ’23$15.9M−47.9%—−$5.3M−33.3%$2.11

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

-400%-200%0%’18’20’22’24
Operating marginNet margin

Returns on capital

Net income vs year-end equity and assets

-10000%-5000%0%’15’17’19’21’23’25
Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

02M4M’15’19’22’24$1.5M

Operating cash flow

Net cash from operations

−2M02M4M’14’16’18’20’22’24’25−$2.8M

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

050K100K’22’23
Dividends paid

Diluted shares outstanding

Falling count means buybacks outpace dilution

02.5M5M7.5M’14’21’22’23’24’258M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

010M20M’15’17’19’21’23’25$5.0M

Net debt

Long-term debt less cash — negative means net cash

02.5M5M7.5M’21’22’23’24’25$1.5M

Growth rates

compounding, annualized
Revenue CAGR
−15.9%
3y
+164.5%
5y
Diluted EPS CAGR
+109.9%
5y
Free cash flow CAGR
−27.6%
3y

Key ratios

derived per fiscal year
Fiscal yearOp. marginNet marginFCF marginROEROACurrent ratioDebt / equity
FY2025———−386.6%−179.3%0.41×0.50×
FY2024−3.1%−44.7%5.7%−208.9%−54.9%0.60×1.15×
FY2023−9.4%−9.2%1.2%−49.4%−16.9%0.90×0.64×
FY20222.8%0.0%3.3%0.1%0.0%1.05×0.43×
FY20211.2%0.7%9.0%2.2%0.6%1.09×0.31×
FY2020−472.9%−461.5%——−196.9%0.10×—
FY2019−482.7%−537.0%−65.9%—−485.7%0.12×—
FY2018−229.4%−228.2%——−363.9%0.18×—
FY2017————−5196.1%0.02×—
FY2016————−10674.3%0.01×—
FY2015————−5392.9%0.49×—
FY2014———————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2025——−$2.2M−$19.3M$2.28−$2.8M—$10.8M$5.8M$5.0M$1.0M$2.5M
FY2024$26.9M—−$837K−$12.1M$2.69$1.5M$1K$22.0M$16.2M$5.8M$24K$6.6M
FY2023$79.6M—−$7.5M−$7.3M$1.97$934K$16K$43.3M$28.5M$14.8M$1.8M$9.5M
FY2022$96.6M—$2.7M$28K$0.00$3.2M$58K$63.7M$41.7M$22.0M$4.2M$9.4M
FY2021$45.2M—$541K$300K$0.04$4.4M$311K$51.3M$37.5M$13.7M$5.2M$4.3M
FY2020$96K—−$454K−$443K$0.06−$53K—$225K$2.3M−$2.1M$148K—
FY2019$208K—−$1.0M−$1.1M−$0.32−$135K$2K$230K$1.9M−$1.7M$87K—
FY2018$252K—−$578K−$575K−$8.44$30K—$158K$975K−$721K$51K—
FY2017——−$557K−$1.5M−$0.28−$630K—$30K$1.6M−$395K$3K—
FY2016——−$5.4M−$6.1M−$1.28−$859K$23K$58K$1.3M−$1.2M$4K—
FY2015$0—−$8.0M−$8.8M−$3.24−$1.3M$26K$162K$289K−$126K$115K—
FY2014$0——−$105K−$0.04−$111K——$138K———

Latest filings

the most recent regulatory filings
SEC STAFF ACTIONSEC filing2026-06-29 ↗4Insider ownership filing2026-06-01 ↗3Insider ownership filing2026-06-01 ↗3Insider ownership filing2026-06-01 ↗4Insider ownership filing2026-06-01 ↗3Insider ownership filing2026-06-01 ↗8-KCurrent report — material event2026-05-29 ↗8-KCurrent report — material event2026-05-15 ↗SCHEDULE 13G/ASEC filing2026-05-15 ↗SCHEDULE 13G/ASEC filing2026-05-15 ↗

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