What is QT Imaging Holdings, Inc.'s gross margin?

QT Imaging Holdings, Inc. (QTI) reported gross margin of 41.7% in Q1 2026.

How has QT Imaging Holdings, Inc.'s gross margin changed year-over-year?

QT Imaging Holdings, Inc.'s gross margin decreased by 28.7% year-over-year, from 58.5% to 41.7%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

QT Imaging Holdings, Inc. QTI Gross margin

Gross margin at other companies

GE HealthCare TechnologiesGEHC

39.1%-2.9pp

Varex Imaging CorporationVREX

33.6%-0.2pp

Butterfly NetworkBFLY

49.2%-11.4pp

iRadimedIRMD

76.8%-0.1pp

Lantheus HoldingsLNTH

60.5%-3.6pp

Teledyne TechnologiesTDY

42.9%0.0pp

Other financials

Income statement

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Revenue$6.5M+133%

Gross profit$2.7M+47.5%

Operating income-$2.3M-125%

Net income-$3.4M+69.4%

EPS (diluted)-$0.25+79.3%

Balance sheet

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Cash & equivalents$6.9M+131%

Total debt$10.6M-4.4%

Total equity$3.8M+119%

Total assets$22.0M+103%

Cash flow

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Operating cash flow-$3.7M-3.3%

CapEx$17.0K—

Free cash flow-$3.7M-3.8%

Valuation

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Market cap$53.9M-18.4%

Enterprise value$57.65M-4.7%

P/S2.4×-1.1×

Profitability

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Operating margin-25.4%-11.2pp

Net margin-58.9%-26.4pp

FCF margin-40.7%—

Returns & leverage

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Return on equity162.8%—

Debt / equity2.8×—

Current ratio2.5×+0.6×

Where this comes from

Calculated from QT Imaging Holdings, Inc.’s reported figures.

gross profit/total revenue=41.7%

Based on trailing twelve months.

The official record: QT Imaging Holdings, Inc.’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is QT Imaging Holdings, Inc.'s gross margin?: QT Imaging Holdings, Inc. (QTI) reported gross margin of 41.7% in Q1 2026.
How has QT Imaging Holdings, Inc.'s gross margin changed year-over-year?: QT Imaging Holdings, Inc.'s gross margin decreased by 28.7% year-over-year, from 58.5% to 41.7%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.