QTI · NASDAQ · Medical - Devices

QT Imaging (QTI)

Builds FDA-cleared breast acoustic CT scanning and viewing software.

$2.86
vs last close+0.26 (+10.00%)
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QT Imaging Holdings, Inc.QTI
Health Care

Develops and commercializes the Breast Acoustic CT Scanner and QTviewer imaging software. The business operates as one reportable segment and also pursues scanner distribution and QTI Cloud SaaS subscriptions.

Develops and commercializes the Breast Acoustic CT Scanner, an FDA-cleared transmission-and-reflection ultrasonic 3D breast-imaging system. QTviewer provides viewing and analysis of the scanner's co-registered volumetric datasets and is designed for DICOM and PACS workflows.

The business has one operating and reportable segment centered on this scanner platform, and its product path remains concentrated rather than portfolio-driven. Commercialization depends on scanner distribution and, where applicable, QTI Cloud SaaS subscriptions; a Saudi agreement covers both. FDA clearance and a Category III CPT code scheduled to take effect in 2027 shape the product's route to use and reimbursement.

Company facts

CEODr. Raluca Dinu
ListedJan 28, 2026
ExchangeNASDAQ
HeadquartersNovato, CA
CountryUnited States
Employees32
CIK0001844505
ISINUS7469623075

Market cap$35.8M
EPS (ttm)−$1.17
P/E (ttm)−2.22
ROE-2,156.1%
P/B15.94
P/S1.27
Dividend yieldDiv yield
Beta1.44vs XLV −0.18

No analyst consensus on record.

Next report
Nov 9, 26
in 47 days
EPS estimate
−$0.10
Revenue estimate
$11.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.45−$0.40−$0.42−$0.47−$0.10−$0.25−$0.75Pending
Estimate−$1.20−$0.03−$0.12−$0.14−$0.22−$0.10
Surprise+66.7%−1,466.7%+13.0%−85.2%−240.9%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$4.87B$2.8M$3.7M$4.2M$8.3M$6.5M$7.4MPending
Estimate$2.8M$4.2M$5.4M$7.8M$6.4M$7.6M$11.4M
Surprise−0.1%−12.5%−21.7%+6.8%+1.3%−2.2%
Estimate−$0.10
ReportedDue Nov 9, 2026
Estimate$11.4M
ReportedDue Nov 9, 2026
View details

Debt to equity192.90%
Current ratio309.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$956.0K$846.5K$2.8M$3.7M$4.2M$8.3M$8.3M$7.4M
Net income−$3.6M$182.1K−$11.1M−$4.0M−$4.6M−$1.4M−$1.4M−$11.1M
Net margin0.0%21.5%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.3M−$2.1M−$1.0M−$1.0M−$1.7M−$700.2K−$700.0K−$1.9M
YoY growthLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $11.0M · Total debt $4.3M · Total assets $30.6M · Shareholders' equity $2.2M

Revenue
$7.4M
Operating income
−$1.9M
Net income
−$11.1M
View details

No dividends on record.

Institutions22.30%3.26M shares
29 holders · as of Jun 30, 2026
Insiders37.48%5.49M shares
9 holders · as of Aug 31, 2026
Other40.22%5.89M shares
remainder

14.64M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
John C. Jr KlockInsiderdirector, 10 percent owner
19.71%2.88Mfiled Mar 24, 2026
Raluca DinuInsiderdirector, officer: Chief Executive Officer
9.52%1.39Mfiled Aug 31, 2026
Lynrock Lake LPInstitution
7.60%1.11Mas of Jun 30, 2026
Alyeska Investment Group, L.P.Institution
4.80%702,776as of Jun 30, 2026
James S. GreeneInsiderdirector
4.32%631,582filed Mar 24, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
QT Imaging$2.86+10.00%$35.8M1.3+103.2%
GE HealthCare$65.83−0.66%$29.93B19.212.71.5+5.8%
Philips (ADR)$24.67−1.22%$24.41B18.912.81.2−2.8%
Median19.012.81.3+1.5%