QT Imaging Q2 revenue rises 103% to $7.4 million; net loss widens to $11.1 million
QT Imaging reported second-quarter 2026 revenue of $7.4 million, up 103% from a year earlier, and reaffirmed its full-year 2026 revenue guidance of approximately $39 million. The net loss widened to $11.1 million, or $0.75 per share, mainly due to an $8.3 million non-cash loss on debt extinguishment tied to the modification of its Lynrock Lake term loan.
Key points
- Q2 2026 revenue was $7.4 million, up from $3.7 million; the company shipped 15 scanners versus eight a year earlier.
- Gross margin fell to 41% from 50%, which the company said was in line with its projections for U.S. sales.
- Net loss was $11.1 million, or $0.75 per share, versus $4.0 million, or $0.42 per share, in Q2 2025.
- Cash and restricted cash were $14.2 million as of August 7, 2026, after a $10.0 million public offering; the term loan maturity was extended from March 31, 2027 to March 31, 2029.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.