BTQ Technologies Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
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
Operating Revenue	0.57	0.67	-	-	-
Other Revenue	-	-	-	-	0.2
Revenue	0.57	0.67	-	-	0.2
Cost of Revenue	-	-	-	-	0.2
Gross Profit	0.57	0.67	-	-	-0
Selling, General & Admin	5.17	3.36	3.59	1.55	0.1
Research & Development	2.58	2.73	2.55	16.46	-
Other Operating Expenses	0.06	0.06	0.18	-	0.23
Operating Expenses	13.66	6.24	10.36	18.73	0.34
Operating Income	-13.09	-5.57	-10.36	-18.73	-0.34
Interest Expense	-0.04	-0.05	-0.01	-0.01	-
Interest & Investment Income	0	0.02	0.02	-	-
Currency Exchange Gain (Loss)	-0.09	-0.06	-0.09	0.11	-0.01
Other Non Operating Income (Expenses)	-0.73	-0.03	0.16	-0.12	-
EBT Excluding Unusual Items	-13.95	-5.7	-10.28	-18.75	-0.35
Gain (Loss) on Sale of Assets	0	-0.03	-	-	-
Asset Writedown	-0.33	-0.33	-	-	-
Other Unusual Items	-	-	-5.06	-	-
Pretax Income	-14.28	-6.05	-15.34	-18.75	-0.35
Income Tax Expense	0.02	0.02	0.07	-	-
Net Income	-14.3	-6.08	-15.4	-18.75	-0.35
Net Income to Common	-14.3	-6.08	-15.4	-18.75	-0.35
Shares Outstanding (Basic)	132	124	118	50	-
Shares Outstanding (Diluted)	132	124	118	50	-
Shares Change (YoY)	6.54%	5.02%	135.70%	-	-
EPS (Basic)	-0.11	-0.05	-0.13	-0.37	-
EPS (Diluted)	-0.11	-0.05	-0.13	-0.37	-
Free Cash Flow	-8.58	-4.7	-6.96	-3.19	-0.31
Free Cash Flow Per Share	-0.07	-0.04	-0.06	-0.06	-
Gross Margin	100.00%	100.00%	-	-	-1.09%
Operating Margin	-2315.48%	-835.75%	-	-	-168.45%
Profit Margin	-2528.85%	-911.51%	-	-	-173.76%
Free Cash Flow Margin	-1517.40%	-704.34%	-	-	-156.18%
EBITDA	-13.16	-5.56	-10.34	-18.7	-0.33
EBITDA Margin	-	-	-	-	-164.56%
D&A For EBITDA	-0.07	0.01	0.02	0.03	0.01
EBIT	-13.09	-5.57	-10.36	-18.73	-0.34
EBIT Margin	-	-	-	-	-168.45%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.