| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $930,0961 | $731,3022 | $783,4893 | $709,5264 | $04 |
| Net income | −$16.3M5 | −$21.7M6 | −$8.16M7 | −$2.43M8 | −$484,8548 |
| Operating cash flow | −$557,8739 | −$840,74510 | −$451,93211 | −$250,50312 | −$807,88712 |
| Capital expenditure | $5,42513 | $10,74914 | — | — | — |
| Free cash flow (derived) | −$563,2989,13 | −$851,49410,14 | — | — | — |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $533,29515 | $17,13716 | $24,35117 | $1,73318 | $227,58518 |
| Diluted shares | 6.0M | 87,625 | 10.4M | 1.15B | 5.78B |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.
10 shares is a claim on −$0 of net worth that earned you −$0 last year.
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Share count is up 96231% over 5 years — owners have been diluted. Worth asking what they got for it.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
Different models answer different questions — which to trust when →
This page is free, and so is every other company on MeritValue.
Connect the MeritValue MCP server to Claude or another MCP client, ask about Quantum X Inc., and get these exact figures with their filing receipts — not an improvised DCF.
Get a free key →Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.
See pricing →Follow QUTX and keep your own price beside the value. The same engine, with the same receipts.
MeritValue on the App Store →- 10-K filed 2023-04-03 · period ending 2021-12-31 · accession 0001262463-23-000022 (Revenues)
- 10-K filed 2024-04-01 · period ending 2022-12-31 · accession 0001262463-24-000041 (Revenues)
- 10-K filed 2025-04-14 · period ending 2023-12-31 · accession 0001262463-25-000100 (Revenues)
- 10-K filed 2026-04-10 · periods ending 2024-12-31, 2025-12-31 · accession 0001494413-26-000011 (Revenues)
- 10-K filed 2023-04-03 · period ending 2021-12-31 · accession 0001262463-23-000022 (NetIncomeLoss)
- 10-K filed 2024-04-01 · period ending 2022-12-31 · accession 0001262463-24-000041 (NetIncomeLoss)
- 10-K filed 2025-04-14 · period ending 2023-12-31 · accession 0001262463-25-000100 (NetIncomeLoss)
- 10-K filed 2026-04-10 · periods ending 2024-12-31, 2025-12-31 · accession 0001494413-26-000011 (NetIncomeLoss)
- 10-K filed 2023-04-03 · period ending 2021-12-31 · accession 0001262463-23-000022 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2024-04-01 · period ending 2022-12-31 · accession 0001262463-24-000041 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2025-04-14 · period ending 2023-12-31 · accession 0001262463-25-000100 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2026-04-10 · periods ending 2024-12-31, 2025-12-31 · accession 0001494413-26-000011 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2023-04-03 · period ending 2021-12-31 · accession 0001262463-23-000022 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2024-04-01 · period ending 2022-12-31 · accession 0001262463-24-000041 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2023-04-03 · period ending 2021-12-31 · accession 0001262463-23-000022 (CashAndCashEquivalentsAtCarryingValue)
- 10-K filed 2024-04-01 · period ending 2022-12-31 · accession 0001262463-24-000041 (CashAndCashEquivalentsAtCarryingValue)
- 10-K filed 2025-04-14 · period ending 2023-12-31 · accession 0001262463-25-000100 (CashAndCashEquivalentsAtCarryingValue)
- 10-K filed 2026-04-10 · periods ending 2024-12-31, 2025-12-31 · accession 0001494413-26-000011 (CashAndCashEquivalentsAtCarryingValue)