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Reported August 12, 2026 · After market close

Revenue$7.4MMiss by $165.0K
EPS-$0.75Miss by $0.53
Revenue estimate$7.6M
EPS estimate-$0.22
Our second quarter results demonstrate continued execution and the growing commercial momentum of QT Imaging. Revenue more than doubled year-over-year to $7.4 million, and we shipped fifteen Breast Acoustic CT scanners during the quarter, compared with eight in the prior-year period. We also took important steps to support continued growth, completing a $10 million public offering, expanding our direct U.S. sales organization, and securing regulatory authorization in Israel and Saudi Arabia. At the same time, we generated new evidence demonstrating less than 1% variability in Speed of Sound measurements across our scanners, successfully completed our first routine FDA inspection with zero Form 483 observations, and expanded manufacturing capacity through our new 22,000-square-foot facility. These are tangible steps toward scaling Breast Acoustic CT commercially while building the clinical, regulatory and operational foundation for broader adoption.
Dr. Raluca Dinu

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$11.4M
EPS estimate-$0.10

Financials

Q2 2026

Income statement

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Revenue$7.4M+103%
Gross profit$3.1M+67.5%
Operating income-$1.9M-78.7%
Net income-$11.1M-177%
EPS (diluted)-$0.75-78.6%

Balance sheet

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Cash & equivalents$11.0M+443%
Total debt$11.8M+7.5%
Total equity$2.2M+793%
Total assets$30.6M+163%

Cash flow

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Operating cash flow-$4.8M-235%
CapEx$174.0K+270%
Free cash flow-$5.0M-236%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$46.4M-32.1%
Enterprise value$47.26M-24.4%
P/S1.8×-1.9×

Profitability

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Gross margin40.4%-15.8pp
Operating margin-24.8%-10.1pp
Net margin-77.3%-32.2pp
FCF margin-48.2%-16.3pp

Returns & leverage

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Debt / equity5.3×
Current ratio3.1×+1.4×

Segments

By segment

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Reportable Segment$7.4M+103%

By product

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Service$50.0K+51.5%

FAQ

When did QT Imaging Holdings, Inc. report Q2 2026 earnings?
QT Imaging Holdings, Inc. (QTI) reported Q2 2026 earnings on August 12, 2026 after market close.
What were QT Imaging Holdings, Inc.'s Q2 2026 revenue and EPS?
QT Imaging Holdings, Inc. reported revenue of $7.4M and eps of $-0.75 for Q2 2026.
Did QT Imaging Holdings, Inc. beat estimates in Q2 2026?
Revenue missed the consensus estimate of $7.6M by $165.0K. EPS missed the consensus estimate of $-0.22 by $0.53.
How did QT Imaging Holdings, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 103.2% from $3.7M a year earlier and eps declined 1400.0% from $-0.05.
Where can I find QT Imaging Holdings, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-056179) and the 10-Q periodic report (0001628280-26-056182) directly on SEC EDGAR. The filing index links above go to sec.gov.