Quarterhill Inc. (TSX:QTRH)

Quarterhill Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	26.22	24.85	31.89	42.73	49.03	55.9
Short-Term Investments	-	-	-	-	1.15	1.46
Cash & Short-Term Investments	26.22	24.85	31.89	42.73	50.17	57.37
Cash Growth	15.73%	-22.10%	-25.37%	-14.83%	-12.54%	-48.25%
Accounts Receivable	54.49	57.11	55.18	61.54	47.8	52.23
Other Receivables	-	-	0.23	-	0.25	0.3
Receivables	54.49	57.11	55.41	61.54	48.06	52.54
Inventory	8.1	8.92	10.14	10.76	10.1	10.85
Prepaid Expenses	9.65	5.55	4.59	4.8	5.06	4.1
Other Current Assets	-	-	-	-	4.82	2.45
Total Current Assets	98.45	96.42	102.03	119.83	118.22	127.3
Property, Plant & Equipment	6.7	7.67	9	9.42	12.74	10.63
Long-Term Investments	3.92	3.92	3.92	7.95	5.73	5.89
Goodwill	-	-	30.96	29.02	41.66	41.93
Other Intangible Assets	75.63	76.55	78.37	79.09	104.43	119.6
Long-Term Accounts Receivable	5.54	-	-	4.36	0.4	0.4
Long-Term Deferred Tax Assets	-	-	-	-	18.95	29.86
Other Long-Term Assets	0.57	6.45	5.83	0.95	2.25	1.95
Total Assets	190.81	191.01	230.11	250.63	304.37	337.57

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	30.88	25.89	17.9	23.69	15.79	20.11
Accrued Expenses	-	5.19	4.35	3.34	7.97	5.79
Current Portion of Long-Term Debt	40.35	54.28	38.95	40.32	21.64	2.51
Current Portion of Leases	1.65	2.09	2.04	1.95	1.93	1.71
Current Income Taxes Payable	1.67	0.25	0.33	0.66	0.73	0.55
Current Unearned Revenue	8.21	9.44	5.71	5.81	6.31	6.31
Other Current Liabilities	-	3.08	3.86	5.59	11.01	7.3
Total Current Liabilities	82.77	100.22	73.15	81.36	65.38	44.29
Long-Term Debt	26.25	-	15.27	17.31	35.75	82.91
Long-Term Leases	2.42	3.39	4.8	5.73	7.13	4.45
Long-Term Unearned Revenue	1.51	0.87	1.57	0.62	2.03	2.24
Long-Term Deferred Tax Liabilities	1.55	2.12	2.58	1.22	1.52	4.62
Other Long-Term Liabilities	1.02	0.98	1.61	0.95	2.18	8.53
Total Liabilities	115.51	107.57	98.99	107.19	114	147.04

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	319.96	317.4	314.63	313.74	403.78	430.15
Additional Paid-In Capital	131.62	129.53	127.45	126.13	37.65	39.46
Retained Earnings	-388.33	-377.51	-323.1	-312.08	-263.21	-279.19
Comprehensive Income & Other	12.06	14.02	12.15	15.65	12.16	0.11
Shareholders' Equity	75.3	83.44	131.12	143.44	190.38	190.53
Total Liabilities & Equity	190.81	191.01	230.11	250.63	304.37	337.57

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	70.67	59.76	61.07	65.31	66.45	91.59
Net Cash (Debt)	-44.45	-34.92	-29.17	-22.58	-16.28	-34.22
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.37	-0.30	-0.25	-0.20	-0.14	-0.30
Filing Date Shares Outstanding	121.33	118.99	115.79	115.08	114.64	113.88
Total Common Shares Outstanding	121.33	118.99	115.79	115.08	114.64	113.88
Working Capital	15.68	-3.79	28.89	38.46	52.84	83.02
Book Value Per Share	0.62	0.70	1.13	1.25	1.66	1.67
Tangible Book Value	-0.33	6.89	21.79	35.33	44.29	29
Tangible Book Value Per Share	-0.00	0.06	0.19	0.31	0.39	0.25
Land	-	0.1	-	-	0.54	0.55
Machinery	-	9.15	9.12	8.21	9.97	8.48
Leasehold Improvements	-	0.29	0.32	0.33	0.37	0.38

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 29, 2026

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