Qs Energy, Inc. (QSEP) intrinsic value & 10-year financials
Qs Energy, Inc. (QSEP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue reached to $0, with an average return on invested capital of 149.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.08
- Market cap
- $40.2M
- Revenue (FY2025)
- $0
- ROIC (10-yr avg)
- 149.1%
- Free cash flow (FY2025)
- -$4.0M
QSEP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $0 | -$15.3M | -$0.03 | -$4.0M | — | 257.8% |
| FY2024 | $0 | -$1.9M | $0.00 | -$1.2M | — | 28.8% |
| FY2023 | $0 | -$1.2M | $0.00 | -$629.0K | — | 18.5% |
| FY2022 | $0 | -$1.5M | $0.00 | -$924.0K | — | 27.8% |
| FY2021 | $0 | -$1.4M | $0.00 | -$722.0K | — | 30.7% |
| FY2020 | $0 | -$2.4M | — | -$969.0K | — | 51.2% |
| FY2019 | $0 | -$5.6M | — | -$2.7M | — | 299.7% |
| FY2018 | $0 | -$3.1M | — | -$1.5M | — | 182.3% |
| FY2017 | $50.0K | -$4.8M | — | -$1.8M | — | 299.2% |
| FY2016 | $0 | -$4.0M | — | -$1.6M | — | 294.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
QS Energy, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
QS Energy, Inc. has earned high returns on invested capital, averaging 17.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
QS Energy, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
QS Energy, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.