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QSIQuantum-Si incorporated
$1.40$277M
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HomeStocksQSIBalance Sheet

Quantum-Si incorporated (QSI) Balance Sheet

7Y historyFree accessUpdated daily

The company's financial position is increasingly precarious, as evidenced by the erosion of total assets to $213.3M and accumulated retained earnings of -$719.7M.

Income StatementBalance SheetCash FlowRatios

QSI Balance Sheet

Annual statement

QSI Balance Sheet

Quantum-Si incorporated (QSI) balance sheet — 7-year assets, liabilities & shareholders' equity history

AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19
Total Current Assets119.09M175.86M218.01M266.31M358.18M477.17M37.86M33.87M
Cash & Short-Term Investments111.74M162.91M209.6M257.74M351.31M471.3M36.91M32.93M
Cash Only23.65M21.64M49.24M133.86M84.32M35.78M36.91M32.93M
Short-Term Investments88.09M141.27M160.36M123.88M266.99M435.52M00
Accounts Receivable57K561K1.33M368K0872K00
Days Sales Outstanding616.9884.06159.11124.14----
Inventory03.2M4.07M3.94M0000
Days Inventory Outstanding778.73909.511.02K2.42K----
Other Current Assets7.29M9.19M3.01M4.26M6.87M-872K0826K
Total Non-Current Assets74.49M69.75M29.86M31.94M33.3M26.05M2.73M3.54M
Property, Plant & Equipment016.66M29.05M30.71M32.61M15.88M2M2.55M
Fixed Asset Turnover0.13x0.15x0.11x0.04x----
Goodwill000009.48M00
Intangible Assets000532K0000
Long-Term Investments180.89M52.85M000000
Other Non-Current Assets14.16M234K808K695K697K690K738K994K
Total Assets193.57M245.61M247.87M298.25M391.49M503.23M40.59M37.41M
Asset Turnover0.01x0.01x0.01x0.00x----
Asset Growth %-36.15%-0.91%-16.89%-23.82%-22.2%1139.72%8.5%-
Total Current Liabilities11.95M23.02M18.19M11.61M15.71M11.53M2.75M1.93M
Accounts Payable1.59M1.62M1.93M1.77M3.9M3.39M1.33M869K
Days Payables Outstanding555.55461.73483.411.09K----
Short-Term Debt1.84M0000000
Deferred Revenue (Current)317K3.49M000000
Other Current Liabilities8.51M-1.74M514K194K88K2.7M579K107K
Current Ratio9.97x7.64x11.99x22.94x22.81x41.39x13.75x17.57x
Quick Ratio9.97x7.50x11.76x22.60x22.81x41.39x13.75x17.57x
Cash Conversion Cycle840.16531.84693.841.46K----
Total Non-Current Liabilities1.43M2.36M14.26M15.02M17.07M14.66M1.75M0
Long-Term Debt0000001.75M0
Capital Lease Obligations8.38M2.32M9.25M13.74M16.08M7.22M00
Deferred Tax Liabilities00000000
Other Non-Current Liabilities18K34K5.01M1.28M996K7.45M00
Total Liabilities13.37M25.38M32.45M26.63M32.78M26.19M4.5M1.93M
Total Debt3.25M4.17M12.95M15.3M17.45M8.08M1.75M0
Net Debt-20.4M-17.47M-36.29M-118.56M-66.87M-27.71M-35.16M-32.93M
Debt / Equity0.02x0.02x0.06x0.06x0.05x0.02x0.05x-
Debt / EBITDA-0.04x-------
Net Debt / EBITDA0.22x-------
Interest Coverage------18996.80x-4076.78x-
Total Equity180.2M220.23M215.42M271.62M358.71M477.03M36.09M35.46M
Equity Growth %-23.22%2.23%-20.69%-24.28%-24.8%1221.83%1.79%-
Book Value per Share0.831.111.501.922.585.996.710.26
Total Shareholders' Equity180.2M220.23M215.42M271.62M358.71M477.03M36.09M35.46M
Common Stock22K22K18K14K14K14K1K1K
Retained Earnings-743.18M-697.98M-596.64M-495.63M-399.67M-267.23M-172.24M-135.63M
Treasury Stock00000000
Accumulated OCI-441K-6K45K00000
Minority Interest00000000

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Liquidity and capital exhaustion

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Asset Base Erosion Signals Contraction

As reported in recent financial filings, Quantum-Si's total assets have declined from $298.2M in 2023Q4 to $213.3M in 2026Q1, reflecting a consistent downward trajectory that underscores the company's struggle to maintain its capital base while navigating a challenging commercialization phase for its proteomics platform.

The steady reduction in total assets suggests that the company is consuming its capital reserves faster than it can replace them through operational success or asset growth. This trend warrants close monitoring, as it indicates a shrinking resource pool available to fund ongoing R&D and commercial expansion efforts.

Cash Runway Nearing Critical Thresholds

Based on the latest quarterly data, cash and equivalents have plummeted from $133.9M in 2023Q4 to just $21.6M by 2025Q4, indicating that the company's liquidity buffer is rapidly depleting and may soon necessitate external financing to sustain its current operating model.

While the current ratio remains high, this metric is likely distorted by the rapid depletion of cash relative to other current assets. Investors should interpret this liquidity profile as a sign of significant financial pressure, as the current cash burn rate appears unsustainable without a near-term capital infusion.

Retained Earnings Reflect Persistent Losses

According to the company's balance sheet, accumulated losses have reached -$719.7M as of 2026Q1, a stark indicator that the firm's equity base is being systematically eroded by persistent operating deficits that have yet to be offset by meaningful revenue generation or commercial scale.

The continuous expansion of the deficit in retained earnings highlights the high-risk nature of the company's R&D-heavy business model. This trend suggests that the firm's path to profitability remains elusive, potentially forcing management to rely on dilutive equity financing to maintain operations.

PPE Investment Indicates Manufacturing Challenges

As disclosed in recent balance sheets, net property, plant, and equipment peaked at $30.7M in 2023Q4 before declining to $15.1M in 2026Q1, suggesting a potential pivot in manufacturing strategy or a reduction in the capital intensity required for the Platinum platform's production.

The reduction in PPE investment may imply that the company is scaling back its internal manufacturing footprint or shifting toward more asset-light production methods. This shift warrants further investigation to determine if it reflects improved operational efficiency or a strategic retreat from capital-intensive hardware production.

QSI — Frequently Asked Questions

Quick answers to the most common questions about buying QSI stock.

What are the total assets of Quantum-Si incorporated (QSI)?

As of 2025, Quantum-Si incorporated (QSI) had total assets of $245.6M including $175.9M in current assets.

How much debt does Quantum-Si incorporated (QSI) have?

Quantum-Si incorporated (QSI) carries total debt of $4.2M, offset by $162.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Quantum-Si incorporated?

Quantum-Si incorporated (QSI) has total shareholders' equity (book value) of $220.2M ($1.11 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Quantum-Si incorporated's current ratio and liquidity?

Quantum-Si incorporated (QSI) reported a current ratio of 7.64x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.