Quarterhill Inc. (QTRHF)

Quarterhill Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	24.09	31.89	42.73	48.9	55.97	106.6
Short-Term Investments	-	-	-	5.95	3.91	4.36
Cash & Short-Term Investments	24.09	31.89	42.73	54.86	59.89	110.96
Cash Growth	4.12%	-25.37%	-22.10%	-8.40%	-46.03%	61.37%
Accounts Receivable	24.7	20.72	27.29	17.15	23.88	10.8
Other Receivables	32.94	34.69	34.25	30.78	28.73	10.85
Total Trade Receivables	57.64	55.41	61.54	47.93	52.6	21.65
Inventory	8.88	10.14	10.76	10.07	10.86	7.12
Other Current Assets	4.29	4.59	4.8	5.05	4.11	6.49
Total Current Assets	94.89	102.03	119.83	117.91	127.46	146.22
Net Property, Plant & Equipment	8.14	9	9.42	12.7	10.65	5.16
Other Intangible Assets	75.71	78.37	79.09	104.16	119.75	46.55
Goodwill	31.42	30.96	29.02	41.55	41.98	12.64
Long-Term Investments	3.92	3.92	7.95	5.71	5.9	5.27
Other Long-Term Assets	6.3	5.83	5.32	21.55	32.25	27.64
Total Assets	220.39	230.11	250.63	303.58	337.99	243.48
Accounts Payable	30.23	25.6	30.33	34.68	33.24	15.74
Current Portion of Long-Term Debt	13.86	2.13	2.13	21.59	2.52	-
Current Portion of Leases	2.24	2.04	1.95	1.92	1.71	0.79
Unearned Revenue	9.2	5.71	5.81	6.29	6.32	3.77
Other Current Liabilities	39.93	37.68	41.15	0.72	0.55	0.5
Total Current Liabilities	95.46	73.15	81.36	65.21	44.34	20.8
Long-Term Debt	-	15.27	17.31	-	46.66	-
Long-Term Leases	3.81	4.8	5.73	7.12	4.45	2.16
Other Long-Term Liabilities	5.46	5.76	2.79	41.37	51.78	6.91
Total Long-Term Liabilities	9.27	25.84	25.83	48.49	102.88	9.07
Total Liabilities	104.73	98.99	107.19	113.7	147.22	29.87
Common Stock	315.99	314.63	313.74	402.73	430.68	430.11
Additional Paid-in Capital	128.71	127.45	126.13	37.55	39.51	36.33
Accumulated Other Comprehensive Income	14	12.15	15.65	12.13	0.11	2.81
Retained Earnings	-343.04	-323.1	-312.08	-262.53	-279.54	-255.65
Shareholders' Equity	115.66	131.12	143.44	189.88	190.77	213.61
Total Liabilities & Equity	220.39	230.11	250.63	303.58	337.99	243.48
Total Debt	19.91	24.24	27.12	30.63	55.34	2.95
Net Cash (Debt)	4.18	7.65	15.62	24.23	4.55	108.01
Net Cash Growth	-45.41%	-51.00%	-35.55%	432.50%	-95.79%	74.44%
Net Cash Per Share	0.04	0.07	0.14	0.21	0.04	0.92
Book Value	115.66	131.12	143.44	189.88	190.77	213.61
Book Value Per Share	1.00	1.14	1.25	1.66	1.67	1.83
Tangible Book Value	8.53	21.79	35.33	44.17	29.03	154.42
Tangible Book Value Per Share	0.07	0.19	0.31	0.39	0.25	1.32

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.