Quarterhill Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	24.09	31.89	42.73	49.03	55.9	106.5
Short-Term Investments	-	-	-	1.15	1.46	4.36
Cash & Short-Term Investments	24.09	31.89	42.73	50.17	57.37	110.85
Cash Growth	4.12%	-25.37%	-14.83%	-12.54%	-48.25%	60.79%
Accounts Receivable	57.64	55.18	61.54	47.8	52.23	21.42
Other Receivables	0	0.23	-	0.25	0.3	0.21
Receivables	57.64	55.41	61.54	48.06	52.54	21.63
Inventory	8.88	10.14	10.76	10.1	10.85	7.12
Prepaid Expenses	4.29	4.59	4.8	5.06	4.1	6.49
Other Current Assets	-	-	-	4.82	2.45	-
Total Current Assets	94.89	102.03	119.83	118.22	127.3	146.09
Property, Plant & Equipment	8.14	9	9.42	12.74	10.63	5.15
Long-Term Investments	3.92	3.92	7.95	5.73	5.89	5.26
Goodwill	31.42	30.96	29.02	41.66	41.93	12.63
Other Intangible Assets	75.71	78.37	79.09	104.43	119.6	46.51
Long-Term Accounts Receivable	5.14	4.78	4.36	0.4	0.4	0.4
Long-Term Deferred Tax Assets	-	-	-	18.95	29.86	26.95
Other Long-Term Assets	1.16	1.05	0.95	2.25	1.95	0.27
Total Assets	220.39	230.11	250.63	304.37	337.57	243.25
Accounts Payable	30.23	17.9	23.69	15.79	20.11	7.88
Accrued Expenses	-	4.35	3.34	7.97	5.79	4.87
Current Portion of Long-Term Debt	53.21	38.95	40.32	21.64	2.51	-
Current Portion of Leases	2.24	2.04	1.95	1.93	1.71	0.79
Current Income Taxes Payable	0.58	0.33	0.66	0.73	0.55	0.5
Current Unearned Revenue	9.2	5.71	5.81	6.31	6.31	3.77
Other Current Liabilities	0	3.86	5.59	11.01	7.3	2.98
Total Current Liabilities	95.46	73.15	81.36	65.38	44.29	20.78
Long-Term Debt	-	15.27	17.31	35.75	82.91	-
Long-Term Leases	3.81	4.8	5.73	7.13	4.45	2.16
Long-Term Unearned Revenue	1.3	1.57	0.62	2.03	2.24	2.02
Long-Term Deferred Tax Liabilities	2.38	2.58	1.22	1.52	4.62	4.88
Other Long-Term Liabilities	1.78	1.61	0.95	2.18	8.53	-
Total Liabilities	104.73	98.99	107.19	114	147.04	29.84
Common Stock	315.99	314.63	313.74	403.78	430.15	429.71
Additional Paid-In Capital	128.71	127.45	126.13	37.65	39.46	36.3
Retained Earnings	-343.04	-323.1	-312.08	-263.21	-279.19	-255.41
Comprehensive Income & Other	14	12.15	15.65	12.16	0.11	2.81
Shareholders' Equity	115.66	131.12	143.44	190.38	190.53	213.41
Total Liabilities & Equity	220.39	230.11	250.63	304.37	337.57	243.25
Total Debt	59.26	61.07	65.31	66.45	91.59	2.95
Net Cash (Debt)	-35.18	-29.17	-22.58	-16.28	-34.22	107.9
Net Cash Growth	-	-	-	-	-	73.82%
Net Cash Per Share	-0.30	-0.25	-0.20	-0.14	-0.30	0.92
Filing Date Shares Outstanding	117.09	115.79	115.08	114.64	113.88	114.3
Total Common Shares Outstanding	117.09	115.79	115.08	114.64	113.88	114.32
Working Capital	-0.57	28.89	38.46	52.84	83.02	125.3
Book Value Per Share	0.99	1.13	1.25	1.66	1.67	1.87
Tangible Book Value	8.53	21.79	35.33	44.29	29	154.27
Tangible Book Value Per Share	0.07	0.19	0.31	0.39	0.25	1.35
Land	-	-	-	0.54	0.55	0.55
Machinery	-	9.12	8.21	9.97	8.48	5.42
Leasehold Improvements	-	0.32	0.33	0.37	0.38	0.34

Source: S&P Global Market Intelligence. Standard template. Financial Sources.