NASDAQ · Financial Statements

Quipt Home Medical Corp. (QIPT) Financial Statements

$3.65 NASDAQ: QIPT Market Cap $162.30M

Quipt Home Medical Corp. most recently reported annual revenue of $245.0M, a net loss of $11.0M. Revenue grew at an average annual rate of 20.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Quipt Home Medical Corp.: Revenue rose from $96.0M in 2016 to $245.0M in 2025, a change of +155.2% over 9 years; net profit was positive in 2 of 10 reported years; operating margin moved from -14.4% to -0.8%, a shift of +13.6 percentage points; the most recent year shows a net loss of $11.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$96.0M$62.0M$71.0M$81.0M$97.0M$102.0M$140.0M$212.0M$246.0M$245.0M
Operating Expenses$110.0M$74.0M$62.0M$86.0M$98.0M$104.0M$135.0M$206.0M$245.0M$247.0M
Operating Profit$-14.0M$-13.0M$8.0M$-5.0M$-1.0M$-1.0M$5.0M$6.0M$1.0M$-2.0M
Operating Margin-14.4%-20.9%11.7%-5.7%-0.9%-1.4%3.4%2.7%0.5%-0.8%
Other Income$-33.0M$-9.0M$-17.0M$-4.0M$-4.0M$-8.0M$-2.0M$-8.0M$-8.0M$-8.0M
Interest$1.0M$1.0M$1.0M$3.0M$2.0M$2.0M$2.0M$8.0M$9.0M$7.0M
Depreciation$11.0M$12.0M$12.0M$11.0M$19.0M$18.0M$23.0M$40.0M$51.0M$63.0M
Profit Before Tax$-47.0M$-21.0M$-8.0M$-9.0M$-5.0M$-9.0M$3.0M$-3.0M$-7.0M$-10.0M
Tax$17.7M$-1.6M$-1.2M$-3.0M$-3.6M$33.8M$-64.9M$-3.1M$-1.6M$-2.3M
Net Profit$-57.0M$-19.0M$15.0M$-6.0M$-6.0M$-6.0M$5.0M$-3.0M$-7.0M$-11.0M
EPS$-3.23$-1.02$0.72$-0.27$-0.22$-0.20$0.13$-0.07$-0.16$-0.25
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricMar '23Jun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25
Revenue$58.0M$60.0M$63.0M$63.0M$61.0M$64.0M$53.0M$61.0M$57.0M$58.0M$68.0M$81.0M
Operating Expenses$57.0M$60.0M$61.0M$61.0M$60.0M$64.0M$54.0M$61.0M$58.0M$60.0M$69.0M$80.0M
Operating Profit$1.0M$0$1.0M$1.0M$1.0M$0$-2.0M$0$-1.0M$-2.0M$-1.0M$1.0M
Operating Margin2.3%0.3%1.7%1.7%1.5%0.6%-3.5%0.7%-1.7%-3.1%-0.9%1.3%
Interest$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Profit Before Tax$5.0M$-1.0M$-1.0M$-1.0M$0$-2.0M$-3.0M$-1.0M$-3.0M$-3.0M$-3.0M$-1.0M
Tax$116.2M$23.8M$-6.0M$-17.8M$-55.3M$360,000$10.7M$-2.9M$-1.2M$-1.2M$-4.3M$-3.6M
Net Profit$-1.0M$-1.0M$-1.0M$-1.0M$-1.0M$-2.0M$-3.0M$-1.0M$-3.0M$-3.0M$-4.0M$-1.0M
EPS$-0.02$-0.03$-0.03$-0.04$-0.02$-0.04$-0.08$-0.03$-0.07$-0.07$-0.08$-0.02

Over the 10 years reported for Quipt Home Medical Corp., borrowings increased from $11.0M in 2016 to $119.0M in 2025, cash stood at $13.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.45 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$112.0M$39.0M$38.0M$55.0M$96.0M$109.0M$132.0M$247.0M$247.0M$283.0M
Current Assets$31.0M$18.0M$18.0M$23.0M$60.0M$57.0M$42.0M$65.0M$73.0M$109.0M
Cash$5.0M$3.0M$3.0M$10.0M$39.0M$35.0M$9.0M$17.0M$16.0M$13.0M
Inventory$6.0M$8.0M$4.0M$4.0M$9.0M$9.0M$16.0M$18.0M$21.0M$26.0M
Receivables$18.0M$8.0M$10.0M$9.0M$12.0M$12.0M$16.0M$26.0M$29.0M$35.0M
Fixed Assets$26.0M$17.0M$16.0M$15.0M$17.0M$24.0M$33.0M$53.0M$54.0M$64.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$1.0M$1.0M$1.0M
Other Assets$19.0M$1.0M$1.0M$1.0M$4.0M$12.0M$28.0M$53.0M$51.0M$62.0M
Total Liabilities$20.0M$22.0M$23.0M$38.0M$55.0M$50.0M$53.0M$136.0M$140.0M$171.0M
Current Liabilities$15.0M$14.0M$14.0M$18.0M$32.0M$33.0M$42.0M$61.0M$61.0M$75.0M
Borrowings$11.0M$13.0M$16.0M$21.0M$37.0M$27.0M$27.0M$98.0M$100.0M$119.0M
Other Liabilities$9.0M$9.0M$7.0M$17.0M$18.0M$23.0M$26.0M$38.0M$40.0M$52.0M
Equity$147.0M$156.0M$150.0M$152.0M$228.0M$203.0M$214.0M$248.0M$0$0
Reserves$91.0M$72.0M$15.0M$17.0M$38.0M$59.0M$80.0M$111.0M$107.0M$140.0M

For Quipt Home Medical Corp., operating cash flow was positive in 8 of 10 reported years; free cash flow in the latest year was $25.0M; free cash flow was positive in 8 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-4.0M$-6.0M$11.0M$8.0M$13.0M$18.0M$26.0M$37.0M$35.0M$38.0M
Investing Cash Flow$-26.0M$9.0M$-1.0M$3.0M$-8.0M$-23.0M$-52.0M$-90.0M$-21.0M$-45.0M
Financing Cash Flow$-4.0M$-6.0M$0$-1.0M$-2.0M$-1.0M$-5.0M$-1.0M$-1.0M$0
Net Cash Flow$-34.0M$-3.0M$1.0M$9.0M$20.0M$5.0M$-26.0M$9.0M$-1.0M$-3.0M
Free Cash Flow$-7.0M$-7.0M$10.0M$7.0M$13.0M$14.0M$17.0M$30.0M$25.0M$25.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.34
EV / EBITDA5.74
FCF Yield16.45%
Quick Ratio0.68
Interest Coverage-0.28
Return 1Y—
Return 3Y—
Return 5Y—

Quipt Home Medical Corp. (QIPT) financials — frequently asked questions

What is Quipt Home Medical Corp.'s annual revenue?

Quipt Home Medical Corp. (QIPT) reported annual revenue of $245.0M in its most recent fiscal year.

What is Quipt Home Medical Corp.'s net profit?

Quipt Home Medical Corp. (QIPT) reported a net loss of $11.0M in its most recent fiscal year.

What is QIPT EV/EBITDA?

Quipt Home Medical Corp.'s enterprise value to EBITDA (EV/EBITDA) ratio is 5.74.

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Related stock screens

High ROE Healthcare StocksLow P/E Healthcare StocksHigh Net Margin Healthcare StocksDividend Healthcare StocksLow Debt Healthcare StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksNasdaq High ROE StocksAll stock screens
QIPT Overview QIPT Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.