Quarterhill Inc. (TSX:QTRH)

Quarterhill Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	14.72	24.85	31.89	42.73	48.9	55.97
Short-Term Investments	-	-	-	-	5.95	3.91
Cash & Short-Term Investments	14.72	24.85	31.89	42.73	54.86	59.89
Cash Growth	-43.67%	-22.10%	-25.37%	-22.10%	-8.40%	-46.03%
Accounts Receivable	29.8	18.13	20.72	27.29	17.15	23.88
Other Receivables	31.95	38.98	34.69	34.25	30.78	28.73
Total Trade Receivables	61.75	57.11	55.41	61.54	47.93	52.6
Inventory	8.13	8.92	10.14	10.76	10.07	10.86
Other Current Assets	6.41	5.55	4.59	4.8	5.05	4.11
Total Current Assets	91.01	96.42	102.03	119.83	117.91	127.46
Net Property, Plant & Equipment	7.36	7.67	9	9.42	12.7	10.65
Other Intangible Assets	75.72	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	3.92	7.95	5.71	5.9
Other Long-Term Assets	5.91	6.45	5.83	5.32	21.55	32.25
Total Assets	183.91	191.01	230.11	250.63	303.58	337.99
Accounts Payable	31.69	34.16	25.6	30.33	34.68	33.24
Current Portion of Long-Term Debt	12.84	13.88	2.13	2.13	21.59	2.52
Current Portion of Leases	1.93	2.09	2.04	1.95	1.92	1.71
Unearned Revenue	9.07	9.44	5.71	5.81	6.3	6.32
Other Current Liabilities	41.27	40.65	37.68	41.15	0.72	0.55
Total Current Liabilities	96.8	100.22	73.15	81.36	65.21	44.34
Long-Term Debt	-	-	15.27	17.31	-	46.66
Long-Term Leases	2.95	3.39	4.8	5.73	7.12	4.45
Other Long-Term Liabilities	4.36	3.97	5.76	2.79	41.37	51.78
Total Long-Term Liabilities	7.31	7.36	25.84	25.83	48.49	102.88
Total Liabilities	104.11	107.57	98.99	107.19	113.7	147.22
Common Stock	317.74	317.4	314.63	313.74	402.73	430.68
Additional Paid-in Capital	131.63	129.53	127.45	126.13	37.55	39.51
Accumulated Other Comprehensive Income	13.18	14.02	12.15	15.65	12.13	0.11
Retained Earnings	-382.76	-377.51	-323.1	-312.08	-262.53	-279.54
Shareholders' Equity	79.8	83.44	131.12	143.44	189.88	190.77
Total Liabilities & Equity	183.91	191.01	230.11	250.63	303.58	337.99
Total Debt	17.72	19.37	24.24	27.12	30.63	55.34
Net Cash (Debt)	-3	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	-0.03	0.05	0.07	0.14	0.21	0.04
Book Value	79.8	83.44	131.12	143.44	189.88	190.77
Book Value Per Share	0.68	0.71	1.14	1.25	1.66	1.67
Tangible Book Value	4.08	6.89	21.79	35.33	44.17	29.03
Tangible Book Value Per Share	0.03	0.06	0.19	0.31	0.39	0.25

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.