Quanterix Corp
QTRX Nasdaq Laboratory Analytical Instruments Financials FY2016โFY2025
Last close ยท Oct 23, 2026
$2.86
0.7%What Quanterix Corp does
No business description yet.
- Legal name
- Quanterix Corp
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K ยท Mar 2, 2026
- Accession ยท CIK
- 0001503274-26-000013
0001503274
Revenue and margins
Quanterix Corp had $139M of revenue in fiscal 2025, up 1.1% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was โ$79.8M in fiscal 2025, โ57.5% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Quanterix Corp returned โ to shareholders in fiscal 2025. The diluted share count rose 11.1%.
Balance sheet
Cash, debt and the ratios that show how comfortably Quanterix Corp can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $396M | $339M | $181M | $56.7M | $118M |
| Current ratio | 12.1x | 12.2x | 9.8x | 8.7x | 2.8x |
| Quick ratio | 11.5x | 11.6x | 9.1x | 7.9x | 2.1x |
| Total assets | $502M | $434M | $429M | $407M | $419M |
| Total liabilities | $60.6M | $75.7M | $78.6M | $76.5M | $123M |
| Shareholders' equity | $443M | $358M | $350M | $330M | $296M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 5 | 3 / 9 | 4 / 9 | 4 / 9 | 4 / 8 | 3 / 8 | 4 / 8 | 2 / 8 | 1 / 8 |
| Accruals ratio | โ | โ5.4% | โ3.5% | โ12.3% | โ3.7% | โ2.1% | โ10.9% | โ2.2% | โ0.8% | โ7.2% |
| Altman Z'' | โ | 0.61 | โ5.98 | 1.83 | 3.92 | 10.32 | 5.62 | 5.92 | 5.08 | โ1.83 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $17.6M | $22.9M | $37.6M | $56.7M | $86.4M | $111M | $106M | $122M | $137M | $139M |
| Net interest income | โ$1.3M | โ$1.0M | $0.0M | $0.6M | โ$0.3M | โ$0.4M | $5.1M | $15.8M | $14.7M | $8.6M |
| Provision for credit losses | โ | โ | โ | โ | $0.5M | $0.2M | $0.8M | $0.7M | $0.7M | $1.5M |
| Gross profit | $7.7M | $10.0M | $17.9M | $26.8M | $48.2M | $64.8M | $45.4M | $74.2M | $83.1M | $65.0M |
| Research and development | $17.0M | $16.3M | $15.8M | $16.2M | $20.2M | $28.4M | $26.8M | $26.1M | $31.1M | $35.9M |
| Operating income | โ$21.7M | โ$26.0M | โ$31.6M | โ$41.6M | โ$31.6M | โ$56.5M | โ$104M | โ$46.0M | โ$52.6M | โ$126M |
| Pretax income | โ$23.2M | โ$27.0M | โ$31.5M | โ$41.0M | โ$31.9M | โ$55.6M | โ$99.4M | โ$27.6M | โ$38.1M | โ$112M |
| Income tax | โ | $0.0M | $0.0M | โ$0.2M | โ$0.4M | โ$0.0M | $0.2M | $0.7M | $0.4M | โ$5.1M |
| Net income | โ$23.2M | โ$27.0M | โ$31.5M | โ$40.8M | โ$31.5M | โ$55.5M | โ$99.6M | โ$28.4M | โ$38.5M | โ$107M |
| Net income to common | โ$27.6M | โ$31.2M | โ$31.5M | โ$40.8M | โ | โ | โ | โ | โ | โ |
| Diluted EPS | โ | โ | โ | โ$1.63 | โ$1.07 | โ$1.54 | โ$2.69 | โ$0.75 | โ$1.00 | โ$2.51 |
| Diluted shares | 0.00B | 0.00B | 0.02B | 0.03B | 0.03B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B |
| Cash flow | ||||||||||
| Cash from operations | โ$17.7M | โ$22.1M | โ$28.7M | โ$26.2M | โ$23.4M | โ$47.6M | โ$48.6M | โ$18.8M | โ$35.2M | โ$77.2M |
| Capital expenditure | $0.5M | $1.1M | $1.5M | $10.8M | $3.9M | $13.7M | $11.6M | $3.8M | $3.4M | $2.6M |
| Free cash flow | โ$18.3M | โ$23.2M | โ$30.2M | โ$37.0M | โ$27.3M | โ$61.3M | โ$60.2M | โ$22.7M | โ$38.5M | โ$79.8M |
| Depreciation and amortization | $0.4M | $0.5M | $1.4M | $3.0M | $4.3M | $4.9M | $5.4M | $6.3M | $6.5M | $15.8M |
| Stock-based compensation | $0.9M | $2.2M | $4.9M | $6.4M | $10.1M | $16.0M | $15.4M | $16.8M | $20.0M | $20.7M |
| Acquisitions | $0.3M | โ | $3.8M | $14.5M | โ | โ | โ | $0.0M | $0.0M | $93.2M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $29.7M | $79.7M | $44.4M | $109M | $182M | $396M | $339M | $181M | $56.7M | $118M |
| Total debt | โ | $9.4M | $7.8M | $7.7M | $7.7M | โ | โ | โ | โ | โ |
| Current assets | โ | $89.3M | $59.5M | $133M | $220M | $449M | $382M | $382M | $364M | $212M |
| Current liabilities | โ | $19.7M | $18.1M | $19.8M | $39.8M | $37.0M | $31.3M | $39.0M | $42.0M | $74.8M |
| Inventory | โ | $3.6M | $5.9M | $10.5M | $14.9M | $22.2M | $17.0M | $26.1M | $32.8M | $54.8M |
| Property and equipment, net | โ | $1.9M | $2.9M | $12.0M | $13.9M | $18.0M | $19.8M | $17.9M | $17.2M | $23.7M |
| Goodwill | โ | โ | $1.3M | $9.4M | $10.5M | $9.6M | $0.0M | $0.0M | $0.0M | $26.4M |
| Intangible assets | โ | โ | $2.3M | $14.3M | $13.7M | $10.5M | $7.5M | $6.0M | $4.0M | $132M |
| Total assets | โ | $91.8M | $67.6M | $170M | $271M | $502M | $434M | $429M | $407M | $419M |
| Total liabilities | โ | $25.9M | $26.5M | $41.3M | $64.9M | $60.6M | $75.7M | $78.6M | $76.5M | $123M |
| Shareholders' equity | โ$115M | $65.9M | $41.1M | $129M | $206M | $443M | $358M | $350M | $330M | $296M |
| Margins | ||||||||||
| Gross margin | 44.1% | 43.7% | 47.7% | 47.3% | 55.8% | 58.6% | 43.0% | 60.7% | 60.5% | 46.8% |
| Operating margin | โ123.5% | โ113.7% | โ83.8% | โ73.3% | โ36.6% | โ51.1% | โ98.8% | โ37.6% | โ38.3% | โ90.4% |
| EBITDA margin | โ120.9% | โ111.6% | โ80.2% | โ68.0% | โ31.6% | โ46.7% | โ93.7% | โ32.5% | โ33.6% | โ79.0% |
| Net margin | โ131.8% | โ118.1% | โ83.8% | โ71.9% | โ36.5% | โ50.2% | โ94.4% | โ23.2% | โ28.0% | โ77.1% |
| FCF margin | โ103.9% | โ101.6% | โ80.4% | โ65.3% | โ31.6% | โ55.4% | โ57.1% | โ18.5% | โ28.0% | โ57.5% |
| Net interest share of revenue | โ7.4% | โ4.2% | 0.1% | 1.1% | โ0.3% | โ0.4% | 4.9% | 12.9% | 10.7% | 6.2% |
| Returns | ||||||||||
| Return on capital | โ | โ | โ566.6% | โ120.9% | โ78.1% | โ | โ | โ | โ | โ |
| Return on capital employed | โ | โ36.1% | โ63.8% | โ27.7% | โ13.7% | โ12.2% | โ25.9% | โ11.8% | โ14.4% | โ36.5% |
| Return on equity | โ | โ | โ59.0% | โ48.1% | โ18.9% | โ17.1% | โ24.9% | โ8.0% | โ11.3% | โ34.2% |
| Return on assets | โ | โ29.4% | โ39.6% | โ34.3% | โ14.3% | โ14.4% | โ21.3% | โ6.6% | โ9.2% | โ26.0% |
| Return on tangible equity | โ | โ47.4% | โ84.3% | โ38.9% | โ17.4% | โ13.1% | โ28.4% | โ8.2% | โ11.8% | โ77.9% |
| Growth | ||||||||||
| Revenue growth | โ | 30.1% | 64.5% | 50.8% | 52.2% | 28.0% | โ4.6% | 16.0% | 12.3% | 1.1% |
| Share count change | โ | 75.3% | 485.4% | 14.1% | 17.9% | 21.7% | 2.8% | 1.6% | 2.1% | 11.1% |
| Financial health | ||||||||||
| Debt / equity | โ | 0.1x | 0.2x | 0.1x | 0.0x | โ | โ | โ | โ | โ |
| Current ratio | โ | 4.5x | 3.3x | 6.7x | 5.5x | 12.1x | 12.2x | 9.8x | 8.7x | 2.8x |
| Quick ratio | โ | 4.3x | 3.0x | 6.2x | 5.1x | 11.5x | 11.6x | 9.1x | 7.9x | 2.1x |
| Capital allocation | ||||||||||
| Capex / revenue | 3.0% | 4.9% | 4.0% | 19.1% | 4.5% | 12.4% | 11.0% | 3.1% | 2.5% | 1.9% |
| Stock comp / revenue | 5.3% | 9.5% | 13.0% | 11.3% | 11.7% | 14.4% | 14.6% | 13.7% | 14.5% | 14.9% |
| Quality scores | ||||||||||
| Piotroski F-score | โ | โ | 3.0 | 4.0 | 4.0 | 4.0 | 3.0 | 4.0 | 2.0 | 1.0 |
| Altman Z'' | โ | 0.6 | โ6.0 | 1.8 | 3.9 | 10.3 | 5.6 | 5.9 | 5.1 | โ1.8 |
| Accruals ratio | โ | โ5.4% | โ3.5% | โ12.3% | โ3.7% | โ2.1% | โ10.9% | โ2.2% | โ0.8% | โ7.2% |
Source: SEC EDGAR XBRL filings (CIK 0001503274). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.
