QT Imaging Holdings 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
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
Cash & Equivalents	1.72	1.17	0.16	0.46	1.53
Cash & Short-Term Investments	1.72	1.17	0.16	0.46	1.53
Cash Growth	11.09%	611.72%	-63.81%	-70.25%	-
Accounts Receivable	3.24	0.07	0	-	0.01
Other Receivables	0.02	0.01	0.16	0.03	-
Receivables	3.27	0.08	0.16	0.03	0.01
Inventory	5.24	3.14	4.42	4.78	5.33
Prepaid Expenses	0.17	0.51	0.05	0.07	0.09
Restricted Cash	0.02	0.02	0.02	0.02	0.05
Total Current Assets	11.29	4.92	4.82	5.35	7.01
Property, Plant & Equipment	0.79	1.13	1.76	2.07	0.94
Other Intangible Assets	-	-	0.09	0.28	0.46
Other Long-Term Assets	0.04	0.04	0.04	0.05	0.05
Total Assets	12.12	6.09	6.71	7.75	8.46
Accounts Payable	2.02	0.8	1.36	0.41	0.07
Accrued Expenses	3.29	3.55	0.37	0.37	0.2
Short-Term Debt	-	-	0.71	-	-
Current Portion of Long-Term Debt	5.02	4.99	4.2	0.13	0.13
Current Portion of Leases	0.44	0.41	0.36	0.31	-
Current Unearned Revenue	0.02	0.05	0.35	-	0.69
Total Current Liabilities	12.74	9.79	7.34	1.22	1.09
Long-Term Debt	4.17	4.41	3.62	6	4.1
Long-Term Leases	0.32	0.66	1.06	1.42	-
Other Long-Term Liabilities	3.97	0.77	-	0.62	0.34
Total Liabilities	21.2	15.62	12.02	9.26	5.52
Common Stock	0	0	0	0.03	0.03
Additional Paid-In Capital	42.56	22.4	12.46	10.14	8.33
Retained Earnings	-51.64	-31.94	-17.77	-11.67	-5.42
Shareholders' Equity	-9.08	-9.54	-5.31	-1.51	2.94
Total Liabilities & Equity	12.12	6.09	6.71	7.75	8.46
Total Debt	9.95	10.46	9.95	7.86	4.23
Net Cash (Debt)	-8.24	-9.28	-9.78	-7.41	-2.7
Net Cash Per Share	-0.91	-1.39	-3.08	-0.81	-0.30
Filing Date Shares Outstanding	11.9	9.22	9.31	9.28	9.12
Total Common Shares Outstanding	9.67	8.92	9.31	9.19	9.12
Working Capital	-1.45	-4.88	-2.52	4.13	5.92
Book Value Per Share	-0.94	-1.07	-0.57	-0.16	0.32
Tangible Book Value	-9.08	-9.54	-5.4	-1.78	2.48
Tangible Book Value Per Share	-0.94	-1.07	-0.58	-0.19	0.27
Machinery	3.46	3.41	4.75	4.48	4.46
Leasehold Improvements	0.42	0.42	0.42	0.42	0.42

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