Qt Imaging HOLDINGS, Inc. (QTI) intrinsic value & 10-year financials

Qt Imaging HOLDINGS, Inc. (QTI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue grew 2065.6% a year to $18.9M, with an average return on invested capital of 63.3%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.40
Market cap
$25.1M
Revenue (FY2025)
$18.9M
Revenue growth (5-yr CAGR)
2065.6%
ROIC (10-yr avg)
63.3%
Free cash flow (FY2025)
-$9.1M

QTI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $18.9M -$21.1M -$2.01 -$9.1M -23.4% -142.5%
FY2024 $4.9M -$9.0M -$0.71 -$10.1M -249.6% 314.7%
FY2023 $40.4K -$4.0M -$0.26 -$2.0M -12210.6% 48.1%
FY2022 $0 -$2.8M -$0.20 — — 33.2%
FY2021 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

QT IMAGING HOLDINGS, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

QT IMAGING HOLDINGS, INC. has historically struggled to out-earn its cost of capital, averaging just -14.5% ROIC.

QT IMAGING HOLDINGS, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, QT IMAGING HOLDINGS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-66.76 per share.

QTI stock: frequently asked questions

What is the intrinsic value of Qt Imaging HOLDINGS, Inc. (QTI) stock?

Graham's formula only works with positive earnings. Qt Imaging HOLDINGS, Inc. reported diluted EPS of -$2.01 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Qt Imaging HOLDINGS, Inc. generate free cash flow?

Qt Imaging HOLDINGS, Inc. generated -$9.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is QTI's return on invested capital?

Average ROIC over the last 5 fiscal years was 63.3%, and average return on equity was 375.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this QTI data come from?

From Qt Imaging HOLDINGS, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 12, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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