Source: Qnity Electronics's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2023
FY2024
FY2025
Revenue
$4.04B
$4.33B
$4.75B
Cost of revenue
$2.28B
$2.34B
$2.56B
Gross profit
$1.75B
$2.00B
$2.19B
Research & development
$303.00M
$314.00M
$354.00M
Selling, general & admin
$533.00M
$603.00M
$620.00M
Pre-tax income
$632.00M
$901.00M
$962.00M
Income tax
$99.00M
$177.00M
$233.00M
Net income
$507.00M
$693.00M
$692.00M
EPS (basic)
$2.42
$3.31
$3.30
EPS (diluted)
$2.42
$3.31
$3.30
Diluted shares
209.40M
209.40M
209.80M
Gross margin
43.5%
46.0%
46.2%
Net margin
12.6%
16.0%
14.6%
Balance sheet
fiscal years · USD
Fiscal year
FY2023
FY2024
FY2025
Cash & equivalents
—
$166.00M
$915.00M
Receivables
—
$580.00M
$656.00M
Inventory
—
$597.00M
$661.00M
Total current assets
—
$1.48B
$2.64B
Goodwill
$7.46B
$7.38B
$7.52B
Total assets
—
$12.27B
$14.07B
Total current liabilities
—
$839.00M
$1.36B
Short-term debt
—
$0
$24.00M
Long-term debt
—
$0
$4.10B
Total debt
—
$0
$4.12B
Total liabilities
—
$1.38B
$6.70B
Shareholders' equity
$11.18B
$10.64B
$7.09B
Cash flow
fiscal years · USD
Fiscal year
FY2023
FY2024
FY2025
Operating cash flow
$882.00M
$1.06B
$1.27B
Capital expenditures
$231.00M
$200.00M
$285.00M
Free cash flow
$651.00M
$861.00M
$988.00M
Investing cash flow
-$226.00M
-$172.00M
-$285.00M
Financing cash flow
-$628.00M
-$848.00M
-$248.00M
Dividends paid
$0
$0
$13.00M
Stock-based compensation
$13.00M
$13.00M
$20.00M
Depreciation & amortization
$403.00M
$394.00M
$376.00M
Income statement
quarters · USD
Quarter ended
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$1.15B
$1.10B
$1.12B
$1.17B
$1.28B
$1.19B
$1.31B
$1.43B
$1.56B
Cost of revenue
$609.00M
$586.00M
$587.00M
$630.00M
$701.00M
$641.00M
$697.00M
$763.00M
$813.00M
Gross profit
$539.00M
$515.00M
$531.00M
$540.00M
$575.00M
$549.00M
$618.00M
$666.00M
$743.00M
Research & development
$81.00M
$84.00M
$84.00M
$88.00M
$92.00M
$90.00M
$94.00M
$98.00M
$105.00M
Selling, general & admin
$156.00M
$142.00M
$140.00M
$154.00M
$159.00M
$167.00M
$173.00M
$200.00M
$200.00M
Pre-tax income
$250.00M
$253.00M
$246.00M
$255.00M
$272.00M
$189.00M
$218.00M
$199.00M
$247.00M
Income tax
$43.00M
$32.00M
$47.00M
$57.00M
$49.00M
$80.00M
$56.00M
$63.00M
$51.00M
Net income
$199.00M
$221.00M
$193.00M
$188.00M
$211.00M
$100.00M
$151.00M
$124.00M
$183.00M
EPS (basic)
$0.95
$1.01
$0.92
$0.90
$1.01
$0.47
$0.72
$0.59
$0.87
EPS (diluted)
$0.95
$1.01
$0.92
$0.90
$1.01
$0.47
$0.72
$0.59
$0.87
Diluted shares
209.00M
400.00K
209.40M
209.40M
209.40M
400.00K
210.30M
210.20M
210.00M
Gross margin
47.0%
46.8%
47.5%
46.2%
45.1%
46.1%
47.0%
46.6%
47.8%
Net margin
17.3%
20.1%
17.3%
16.1%
16.5%
8.4%
11.5%
8.7%
11.8%
Balance sheet
quarters · USD
Quarter ended
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
—
$166.00M
—
—
$128.00M
$915.00M
$857.00M
$961.00M
$1.12B
Receivables
—
$580.00M
—
—
$802.00M
$656.00M
$1.04B
$1.14B
$1.24B
Inventory
—
$597.00M
—
—
$647.00M
$661.00M
$696.00M
$730.00M
$775.00M
Total current assets
—
$1.48B
—
—
$1.62B
$2.64B
$2.68B
$2.90B
$3.22B
Goodwill
—
$7.38B
—
—
$7.50B
$7.52B
$7.51B
$7.52B
$7.53B
Total assets
—
$12.27B
—
—
$12.51B
$14.07B
$14.06B
$14.33B
$14.72B
Total current liabilities
—
$839.00M
—
—
$910.00M
$1.36B
$1.26B
$1.44B
$1.54B
Short-term debt
—
$0
—
—
$0
$24.00M
$23.00M
$23.00M
$23.00M
Long-term debt
—
$0
—
—
$1.72B
$4.10B
$4.00B
$4.00B
$4.00B
Total debt
—
$0
—
—
$1.72B
$4.12B
$4.02B
$4.02B
$4.02B
Total liabilities
—
$1.38B
—
—
$3.12B
$6.70B
$6.60B
$6.79B
$6.83B
Shareholders' equity
$11.08B
$10.64B
$11.04B
$11.20B
$9.12B
$7.09B
$7.19B
$7.26B
$7.59B
Cash flow
quarters · USD
Quarter ended
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
—
$286.00M
$207.00M
$273.00M
$302.00M
$491.00M
$135.00M
$241.00M
$271.00M
Capital expenditures
—
$66.00M
$104.00M
$49.00M
$61.00M
$71.00M
$122.00M
$90.00M
$78.00M
Free cash flow
—
$220.00M
$103.00M
$224.00M
$241.00M
$420.00M
$13.00M
$151.00M
$193.00M
Investing cash flow
—
-$39.00M
-$104.00M
-$49.00M
-$61.00M
-$71.00M
-$123.00M
-$82.00M
-$75.00M
Financing cash flow
—
-$224.00M
-$109.00M
-$221.00M
-$286.00M
$368.00M
-$59.00M
-$50.00M
-$53.00M
Dividends paid
—
—
$0
$0
$0
$13.00M
$17.00M
$17.00M
$16.00M
Share buybacks
—
—
$0
$0
$0
—
$25.00M
$25.00M
$25.00M
Stock-based compensation
—
$3.00M
$4.00M
$4.00M
$4.00M
$8.00M
$10.00M
$15.00M
$12.00M
Depreciation & amortization
$102.00M
$97.00M
$94.00M
$92.00M
$94.00M
$96.00M
$98.00M
$97.00M
$98.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.