Quarterhill Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	155.17	153.31	143.99	117.42	99.45
Revenue Growth (YoY)	1.22%	6.47%	22.63%	18.07%	-12.40%
Cost of Revenue	122.34	125.53	113.88	89.56	69.83
Gross Profit	32.83	27.78	30.11	27.86	29.62
Selling, General & Admin	38.82	28.49	25.95	35.83	26.38
Depreciation & Amortization Expenses	10.97	11.46	11.71	11.92	18.5
Research & Development	0.65	1.38	3.16	1.87	1.88
Other Operating Expenses	33.32	2.39	7.09	14.95	4.85
Total Operating Expenses	83.77	43.72	47.92	64.58	51.6
Operating Income	-50.94	-15.94	-17.81	-36.71	-21.99
Interest Income	0.18	0.54	1.02	0.29	0.13
Interest Expense	-6.14	-6.47	-6.71	-7.19	-1.84
Other Non-Operating Income (Expense)	8.69	3.97	1.09	4.63	2.55
Total Non-Operating Income (Expense)	2.73	-1.96	-4.61	-2.28	0.84
Pretax Income	-54.4	-9.98	-24.94	-34.84	-21.15
Provision for Income Taxes	0.01	1.05	7.46	5.06	-3.6
Net Income	-54.41	-11.02	-46.2	2.04	-17.55
Earnings From Discontinued Operations	-	-	-13.79	41.94	-
Net Income to Common	-54.41	-11.02	-46.2	2.04	-17.55
Shares Outstanding (Basic)	117	115	115	114	114
Shares Outstanding (Diluted)	117	115	115	114	114
Shares Change (YoY)	1.23%	0.52%	0.34%	0.33%	-2.56%
EPS (Basic)	-0.47	-0.10	-0.40	0.01	-0.15
EPS (Diluted)	-0.47	-0.10	-0.40	0.01	-0.15
Shares Outstanding	118.99	115.79	115.08	114.64	113.88
Free Cash Flow	1.66	-5.81	-38.45	56.22	-11.46
Free Cash Flow Per Share	0.01	-0.05	-0.34	0.49	-0.10
Dividends Per Share	-	-	-	0.037	0.040
Dividend Growth	-	-	-	-6.50%	0.69%
Gross Margin	21.16%	18.12%	20.91%	23.73%	29.78%
Operating Margin	-32.83%	-10.40%	-12.37%	-31.27%	-22.11%
Profit Margin	-35.06%	-7.19%	-22.51%	-33.99%	-17.65%
FCF Margin	1.07%	-3.79%	-26.70%	47.88%	-11.53%
EBITDA	-39.96	-4.48	-6.1	-24.79	-3.49
EBITDA Margin	-25.75%	-2.92%	-4.24%	-21.11%	-3.51%
EBIT	-50.94	-15.94	-17.81	-36.71	-21.99
EBIT Margin	-32.83%	-10.40%	-12.37%	-31.27%	-22.11%
Effective Tax Rate	-0.02%	-10.50%	-29.92%	-14.53%	17.01%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.