QS Energy, Inc. (QSEP)

QS Energy Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Selling, General & Admin	13.31	1.39	0.69	0.77	0.84
Research & Development	1.61	0.19	0.2	0.49	0.35
Operating Expenses	14.92	1.58	0.89	1.25	1.19
Operating Income	-14.92	-1.58	-0.89	-1.25	-1.19
Interest Expense	-0.39	-0.36	-0.33	-0.36	-0.23
Other Non Operating Income (Expenses)	0.01	-	-	-	-
EBT Excluding Unusual Items	-15.31	-1.93	-1.22	-1.61	-1.42
Other Unusual Items	-	-	-	0.06	-
Pretax Income	-15.31	-1.93	-1.22	-1.55	-1.42
Net Income	-15.31	-1.93	-1.22	-1.55	-1.42
Net Income to Common	-15.31	-1.93	-1.22	-1.55	-1.42
Shares Outstanding (Basic)	500	405	386	362	336
Shares Outstanding (Diluted)	500	405	386	362	336
Shares Change (YoY)	23.39%	5.04%	6.57%	7.66%	6.19%
EPS (Basic)	-0.03	-0.00	-0.00	-0.00	-0.00
EPS (Diluted)	-0.03	-0.00	-0.00	-0.00	-0.00
Free Cash Flow	-4.01	-1.17	-0.63	-0.92	-0.72
Free Cash Flow Per Share	-0.01	-0.00	-0.00	-0.00	-0.00
EBITDA	-14.92	-1.58	-0.89	-1.25	-1.18
D&A For EBITDA	0	0	0	0	0.01
EBIT	-14.92	-1.58	-0.89	-1.25	-1.19

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.