Quarterhill Balance Sheet

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
Cash & Equivalents	24.85	31.89	42.73	48.9	55.97
Short-Term Investments	-	-	-	5.95	3.91
Cash & Short-Term Investments	24.85	31.89	42.73	54.86	59.89
Cash Growth	-22.10%	-25.37%	-22.10%	-8.40%	-46.03%
Accounts Receivable	18.13	20.72	27.29	17.15	23.88
Other Receivables	38.98	34.69	34.25	30.78	28.73
Total Trade Receivables	57.11	55.41	61.54	47.93	52.6
Inventory	8.92	10.14	10.76	10.07	10.86
Other Current Assets	5.55	4.59	4.8	5.05	4.11
Total Current Assets	96.42	102.03	119.83	117.91	127.46
Net Property, Plant & Equipment	7.67	9	9.42	12.7	10.65
Other Intangible Assets	76.55	78.37	79.09	104.16	119.75
Goodwill	-	30.96	29.02	41.55	41.98
Long-Term Investments	3.92	3.92	7.95	5.71	5.9
Other Long-Term Assets	6.45	5.83	5.32	21.55	32.25
Total Assets	191.01	230.11	250.63	303.58	337.99
Accounts Payable	34.16	25.6	30.33	34.68	33.24
Current Portion of Long-Term Debt	13.88	2.13	2.13	21.59	2.52
Current Portion of Leases	2.09	2.04	1.95	1.92	1.71
Unearned Revenue	9.44	5.71	5.81	6.3	6.32
Other Current Liabilities	40.65	37.68	41.15	0.72	0.55
Total Current Liabilities	100.22	73.15	81.36	65.21	44.34
Long-Term Debt	-	15.27	17.31	-	46.66
Long-Term Leases	3.39	4.8	5.73	7.12	4.45
Other Long-Term Liabilities	3.97	5.76	2.79	41.37	51.78
Total Long-Term Liabilities	7.36	25.84	25.83	48.49	102.88
Total Liabilities	107.57	98.99	107.19	113.7	147.22
Common Stock	317.4	314.63	313.74	402.73	430.68
Additional Paid-in Capital	129.53	127.45	126.13	37.55	39.51
Accumulated Other Comprehensive Income	14.02	12.15	15.65	12.13	0.11
Retained Earnings	-377.51	-323.1	-312.08	-262.53	-279.54
Shareholders' Equity	83.44	131.12	143.44	189.88	190.77
Total Liabilities & Equity	191.01	230.11	250.63	303.58	337.99
Total Debt	19.37	24.24	27.12	30.63	55.34
Net Cash (Debt)	5.48	7.65	15.62	24.23	4.55
Net Cash Growth	-28.38%	-51.00%	-35.55%	432.50%	-95.79%
Net Cash Per Share	0.05	0.07	0.14	0.21	0.04
Book Value	83.44	131.12	143.44	189.88	190.77
Book Value Per Share	0.71	1.14	1.25	1.66	1.67
Tangible Book Value	6.89	21.79	35.33	44.17	29.03
Tangible Book Value Per Share	0.06	0.19	0.31	0.39	0.25

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