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Side-by-side financial comparison of QT IMAGING HOLDINGS, INC. (QTI) and Xos, Inc. (XOS). Click either name above to swap in a different company.
QT IMAGING HOLDINGS, INC. is the larger business by last-quarter revenue ($8.3M vs $5.2M, roughly 1.6× Xos, Inc.). QT IMAGING HOLDINGS, INC. runs the higher net margin — -16.8% vs -186.8%, a 170.0% gap on every dollar of revenue. On growth, QT IMAGING HOLDINGS, INC. posted the faster year-over-year revenue change (877.2% vs -54.5%).
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.
Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.
QTI vs XOS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.3M | $5.2M |
| Net Profit | $-1.4M | $-9.8M |
| Gross Margin | 38.0% | -50.5% |
| Operating Margin | -8.5% | -186.6% |
| Net Margin | -16.8% | -186.8% |
| Revenue YoY | 877.2% | -54.5% |
| Net Profit YoY | 60.2% | 48.6% |
| EPS (diluted) | $-1.00 | $-0.76 |
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 | $8.3M | $5.2M | ||
| Q3 25 | $4.2M | $16.5M | ||
| Q2 25 | $3.7M | $18.4M | ||
| Q1 25 | $2.8M | $5.9M | ||
| Q4 24 | — | $11.5M | ||
| Q3 24 | — | $15.8M | ||
| Q2 24 | $1.7M | $15.5M | ||
| Q1 24 | $1.4M | $12.6M |
| Q4 25 | $-1.4M | $-9.8M | ||
| Q3 25 | $-4.6M | $2.1M | ||
| Q2 25 | $-4.0M | $-7.5M | ||
| Q1 25 | $-11.1M | $-10.2M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-10.5M | ||
| Q2 24 | $-1.2M | $-9.7M | ||
| Q1 24 | $-628.6K | $-11.0M |
| Q4 25 | 38.0% | -50.5% | ||
| Q3 25 | 43.0% | 15.3% | ||
| Q2 25 | 49.9% | 8.8% | ||
| Q1 25 | 64.7% | 20.6% | ||
| Q4 24 | — | -32.4% | ||
| Q3 24 | — | 18.1% | ||
| Q2 24 | 51.0% | 13.1% | ||
| Q1 24 | 55.8% | 22.1% |
| Q4 25 | -8.5% | -186.6% | ||
| Q3 25 | -39.4% | -42.4% | ||
| Q2 25 | -28.5% | -38.5% | ||
| Q1 25 | -37.2% | -157.7% | ||
| Q4 24 | — | -127.0% | ||
| Q3 24 | — | -61.4% | ||
| Q2 24 | -129.5% | -73.2% | ||
| Q1 24 | -409.5% | -81.1% |
| Q4 25 | -16.8% | -186.8% | ||
| Q3 25 | -108.7% | 12.9% | ||
| Q2 25 | -109.3% | -40.8% | ||
| Q1 25 | -397.9% | -173.3% | ||
| Q4 24 | — | -165.4% | ||
| Q3 24 | — | -66.6% | ||
| Q2 24 | -72.9% | -62.2% | ||
| Q1 24 | -46.1% | -87.1% |
| Q4 25 | $-1.00 | $-0.76 | ||
| Q3 25 | $-0.47 | $0.22 | ||
| Q2 25 | $-0.14 | $-0.91 | ||
| Q1 25 | $-0.40 | $-1.26 | ||
| Q4 24 | — | $-2.34 | ||
| Q3 24 | — | $-1.32 | ||
| Q2 24 | $-0.30 | $-1.23 | ||
| Q1 24 | $-0.05 | $-1.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.4M | $14.0M |
| Total DebtLower is stronger | $10.1M | — |
| Stockholders' EquityBook value | $6.4M | $23.3M |
| Total Assets | $23.0M | $60.4M |
| Debt / EquityLower = less leverage | 1.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.4M | $14.0M | ||
| Q3 25 | — | $14.1M | ||
| Q2 25 | — | $8.8M | ||
| Q1 25 | — | $4.8M | ||
| Q4 24 | — | $11.0M | ||
| Q3 24 | — | $8.4M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $46.2M |
| Q4 25 | $10.1M | — | ||
| Q3 25 | $15.1M | — | ||
| Q2 25 | $10.1M | — | ||
| Q1 25 | $10.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $11.7M | — | ||
| Q1 24 | $11.7M | — |
| Q4 25 | $6.4M | $23.3M | ||
| Q3 25 | $-9.1M | $31.1M | ||
| Q2 25 | $-324.3K | $18.3M | ||
| Q1 25 | $-20.2M | $24.8M | ||
| Q4 24 | — | $33.6M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | $-6.2M | $59.2M | ||
| Q1 24 | $-4.9M | $67.8M |
| Q4 25 | $23.0M | $60.4M | ||
| Q3 25 | $12.1M | $73.8M | ||
| Q2 25 | $11.6M | $80.3M | ||
| Q1 25 | $10.9M | $87.7M | ||
| Q4 24 | — | $98.3M | ||
| Q3 24 | — | $120.5M | ||
| Q2 24 | $10.8M | $123.4M | ||
| Q1 24 | $12.9M | $135.0M |
| Q4 25 | 1.57× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $-3.1M | $2.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $2.4M | ||
| Q3 25 | $-878.8K | $3.1M | ||
| Q2 25 | $-1.4M | $4.6M | ||
| Q1 25 | $-3.5M | $-4.8M | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $-11.5M | ||
| Q2 24 | $-979.6K | $-26.0M | ||
| Q1 24 | $-6.0M | $-14.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-11.7M | ||
| Q2 24 | — | $-26.1M | ||
| Q1 24 | — | $-14.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -73.9% | ||
| Q2 24 | — | -168.1% | ||
| Q1 24 | — | -115.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
