Latest Ratios: P/E Ratio -0.4x · EV/EBITDA N/A · ROE -63.8%. (2020–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $7M | $7M | — | — | — | — | — |
| Enterprise Value | $6M | $6M | — | — | — | — | — |
| P/E Ratio → | -0.43 | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — |
| P/B Ratio | 0.29 | 0.32 | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -63.8% | -63.8% | -169.9% | -29.1% | -79.3% | -325.1% | — |
| ROA | -37.2% | -37.2% | -118.9% | -22.6% | -71.8% | -234.5% | -1402.1% |
| ROIC | -41.8% | -41.8% | -61.8% | -106.0% | -61.4% | -196.7% | — |
| ROCE | -39.1% | -39.1% | -73.7% | -123.9% | -79.3% | -260.7% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.00 | 0.00 | 0.01 | 0.01 | — |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.05 | -0.01 | -0.21 | -0.04 | -0.02 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | -48.12 | — |
Net cash position: cash ($986996) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 3.00 | 3.00 | 1.40 | 1.17 | 1.95 | 12.18 | 0.06 |
| Quick Ratio | 3.00 | 3.00 | 1.40 | 1.17 | 1.95 | 12.18 | 0.06 |
| Cash Ratio | 2.85 | 2.85 | 1.27 | 0.99 | 1.75 | 11.12 | 7.18 |
| Asset Turnover | — | — | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.2% | 1.1% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 1.2% | 1.1% | — | — | — | — | — |
| Shares Outstanding | — | $2M | $24370 | $15424 | $12941 | $11672 | $1175 |
Imminent liquidity and solvency risk
As reported in financial statements, QCLS has consistently generated negative returns on invested capital, with the most recent 2026Q1 figure of -6.4% reflecting a structural inability to deploy capital effectively, further evidenced by the historical volatility that saw ROIC plummet to -50.9% in 2024Q2.
The persistent negative ROIC suggests that the company is currently destroying shareholder value rather than compounding it, as the capital invested into photonic hardware development has yet to yield any operational return. Investors should monitor whether this trend is a temporary byproduct of the R&D phase or a permanent indicator of an unviable business model that cannot generate returns above its cost of capital.
According to recent SEC filings, the company's current ratio has fluctuated significantly, reaching 3.71 in 2026Q1, yet this metric appears misleading given the absolute cash balance of less than $1 million, which leaves the firm highly vulnerable to any unexpected operational or capital expenditure requirements.
While the current ratio suggests a superficial level of short-term coverage, the lack of revenue generation means that the company is effectively living off its remaining cash reserves. This liquidity position appears insufficient to support the high-cost R&D environment required for photonic hardware, suggesting that the firm may face severe stress if it cannot secure additional financing in the near term.
Based on reported figures, QCLS's valuation and performance metrics diverge sharply from peers like DXP Enterprises, which maintains a positive 12.5% ROIC, highlighting that QCLS is currently trading as a speculative venture rather than an established participant in the technology services or infrastructure sector.
The gap between QCLS and its peers appears structural rather than temporary, as the company lacks the revenue base that supports the operational stability of its competitors. This suggests that the market is pricing QCLS based on the theoretical potential of its photonic technology rather than any demonstrated ability to compete with established hardware or infrastructure firms.
As evidenced by the company's 0.28 P/B ratio, investors often misapply this metric to QCLS, failing to recognize that the book value is heavily inflated by intangible assets and goodwill that may hold little liquidation value if the photonic technology fails to reach commercial viability.
The P/B ratio obscures the reality that the company's assets are largely non-liquid and tied to speculative licensing rights. A more appropriate focus for this business model would be the cash burn rate relative to the remaining runway, as the book value provides a false sense of security in a company that is fundamentally burning through its equity base.
Includes 30+ ratios · 6 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying QCLS stock.
Q/C Technologies, Inc.'s current P/E ratio is -0.4x. This places it at the 50th percentile of its historical range.
Q/C Technologies, Inc.'s return on equity (ROE) is -63.8%. The historical average is -133.4%.
Based on historical data, Q/C Technologies, Inc. is trading at a P/E of -0.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Q/C Technologies, Inc.'s current dividend yield is 1.21%.