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Side-by-side financial comparison of enCore Energy Corp. (EU) and QT IMAGING HOLDINGS, INC. (QTI). Click either name above to swap in a different company.
enCore Energy Corp. is the larger business by last-quarter revenue ($12.4M vs $8.3M, roughly 1.5× QT IMAGING HOLDINGS, INC.). QT IMAGING HOLDINGS, INC. runs the higher net margin — -16.8% vs -173.9%, a 157.2% gap on every dollar of revenue.
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
QT Imaging Holdings, Inc. is a medical technology company that designs, manufactures and commercializes non-invasive medical imaging systems primarily for breast health diagnostics. It serves healthcare providers, clinics and medical institutions across key markets including North America, Europe and Asia-Pacific, focusing on improving the accuracy and accessibility of diagnostic imaging for patients.
EU vs QTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4M | $8.3M |
| Net Profit | $-21.5M | $-1.4M |
| Gross Margin | 37.9% | 38.0% |
| Operating Margin | -135.9% | -8.5% |
| Net Margin | -173.9% | -16.8% |
| Revenue YoY | — | 877.2% |
| Net Profit YoY | — | 60.2% |
| EPS (diluted) | $-0.11 | $-1.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $12.4M | $8.3M | ||
| Q3 25 | $8.9M | $4.2M | ||
| Q2 25 | $3.7M | $3.7M | ||
| Q1 25 | $18.2M | $2.8M | ||
| Q2 24 | — | $1.7M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | $-21.5M | $-1.4M | ||
| Q3 25 | $-4.8M | $-4.6M | ||
| Q2 25 | $-6.3M | $-4.0M | ||
| Q1 25 | $-24.2M | $-11.1M | ||
| Q2 24 | — | $-1.2M | ||
| Q1 24 | — | $-628.6K |
| Q4 25 | 37.9% | 38.0% | ||
| Q3 25 | 43.8% | 43.0% | ||
| Q2 25 | 30.8% | 49.9% | ||
| Q1 25 | -0.1% | 64.7% | ||
| Q2 24 | — | 51.0% | ||
| Q1 24 | — | 55.8% |
| Q4 25 | -135.9% | -8.5% | ||
| Q3 25 | -158.2% | -39.4% | ||
| Q2 25 | -526.1% | -28.5% | ||
| Q1 25 | -85.7% | -37.2% | ||
| Q2 24 | — | -129.5% | ||
| Q1 24 | — | -409.5% |
| Q4 25 | -173.9% | -16.8% | ||
| Q3 25 | -53.7% | -108.7% | ||
| Q2 25 | -172.7% | -109.3% | ||
| Q1 25 | -132.9% | -397.9% | ||
| Q2 24 | — | -72.9% | ||
| Q1 24 | — | -46.1% |
| Q4 25 | $-0.11 | $-1.00 | ||
| Q3 25 | $-0.03 | $-0.47 | ||
| Q2 25 | $-0.03 | $-0.14 | ||
| Q1 25 | $-0.13 | $-0.40 | ||
| Q2 24 | — | $-0.30 | ||
| Q1 24 | — | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $52.4M | $10.4M |
| Total DebtLower is stronger | $110.0M | $10.1M |
| Stockholders' EquityBook value | $229.2M | $6.4M |
| Total Assets | $430.4M | $23.0M |
| Debt / EquityLower = less leverage | 0.48× | 1.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.4M | $10.4M | ||
| Q3 25 | $91.9M | — | ||
| Q2 25 | $26.9M | — | ||
| Q1 25 | $29.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $110.0M | $10.1M | ||
| Q3 25 | $109.3M | $15.1M | ||
| Q2 25 | — | $10.1M | ||
| Q1 25 | — | $10.2M | ||
| Q2 24 | — | $11.7M | ||
| Q1 24 | — | $11.7M |
| Q4 25 | $229.2M | $6.4M | ||
| Q3 25 | $248.6M | $-9.1M | ||
| Q2 25 | $264.7M | $-324.3K | ||
| Q1 25 | $267.9M | $-20.2M | ||
| Q2 24 | — | $-6.2M | ||
| Q1 24 | — | $-4.9M |
| Q4 25 | $430.4M | $23.0M | ||
| Q3 25 | $441.9M | $12.1M | ||
| Q2 25 | $359.4M | $11.6M | ||
| Q1 25 | $362.6M | $10.9M | ||
| Q2 24 | — | $10.8M | ||
| Q1 24 | — | $12.9M |
| Q4 25 | 0.48× | 1.57× | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.9M | $-3.1M |
| Free Cash FlowOCF − Capex | $7.2M | — |
| FCF MarginFCF / Revenue | 57.8% | — |
| Capex IntensityCapex / Revenue | 46.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $-3.1M | ||
| Q3 25 | $-20.3M | $-878.8K | ||
| Q2 25 | $-9.9M | $-1.4M | ||
| Q1 25 | $-7.7M | $-3.5M | ||
| Q2 24 | — | $-979.6K | ||
| Q1 24 | — | $-6.0M |
| Q4 25 | $7.2M | — | ||
| Q3 25 | $-26.3M | — | ||
| Q2 25 | $-14.1M | — | ||
| Q1 25 | $-11.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 57.8% | — | ||
| Q3 25 | -296.6% | — | ||
| Q2 25 | -385.2% | — | ||
| Q1 25 | -64.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 46.7% | — | ||
| Q3 25 | 68.0% | 0.0% | ||
| Q2 25 | 115.1% | — | ||
| Q1 25 | 21.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
