Quantum-Si Inc
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Quantum-Si Inc AI Insights
Informational only. Not investment advice.Snapshot
- TTM revenue of 3.2M with -107M operating loss means company burns 34x revenue annually. Cash runway ~3 quarters at current burn.[Free Cash Flow TTM]
- P/S ratio of 95x vs industry median 1.9x - priced for 50x revenue growth that hasn't materialized (gross profit down 47% YoY).[P/S Ratio]
- R&D of 60M TTM is 19x revenue - pre-commercial stage company despite 2021 SPAC. Minimal debt (0.02 D/E) preserves optionality.[Research and Development TTM]
Watch Triggers
- Cash and Equivalents: Falls below 20M or new financing announced — Sub-20M triggers survival mode. Any financing terms reveal market's view of equity value.
- Total Revenue TTM: Quarterly revenue exceeds 2M (8M annual run rate) — Would signal commercial traction finally emerging. Current 3.2M TTM is essentially pilot-stage.
- Free Cash Flow TTM: Burn rate improves to under 80M annually — Would extend runway to 4+ quarters, reducing near-term dilution pressure.
Bull Case
Clean balance sheet (235M equity, 5M debt, 216M working capital) provides runway for pivots. If protein sequencing tech gains traction, 95x P/S reprices to growth.
52% gross margin TTM shows unit economics work at scale. R&D intensity (19x revenue) typical for breakthrough biotech platforms pre-commercialization.
Bear Case
Burning 105M/year with 31M cash = imminent dilution. 47M raised TTM already diluted shareholders 22%. Gross profit declined 47% YoY - wrong direction.
95x P/S assumes massive revenue inflection that isn't happening. Asset turnover 0.01x vs industry 0.55x - capital deployed generating almost nothing.
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Cash crisis within 12 months without dilutive financing or strategic transaction
- 31M cash vs 105M annual FCF burn
- 47M raised in TTM via stock issuance signals ongoing dilution
- Revenue not scaling (3.2M TTM)
Valuation Context
Caveats
QSI Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$200.82M | — | ||
$168.33M | — | ||
0.00 | — | ||
$1.85M | -46.2% | — | |
$-0.50 | — | ||
-5,200% | -1995.4% | — | |
-5,606% | -2680.5% | — | |
$-95.69M | — | ||
-46.4% | -6.2% | — | |
Beta 5Y (Monthly) | unknown | — |
QSI Dividend History
QSI Stock Splits
QSI SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/07/26 | 03/31/26 | 10-Q | |
03/03/26 | 12/31/25 | 10-K | |
11/05/25 | 09/30/25 | 10-Q | |
08/05/25 | 06/30/25 | 10-Q | |
05/15/25 | 03/31/25 | 10-Q | |
03/03/25 | 12/31/24 | 10-K | |
11/12/24 | 09/30/24 | 10-Q | |
08/07/24 | 06/30/24 | 10-Q | |
05/09/24 | 03/31/24 | 10-Q | |
02/29/24 | 12/31/23 | 10-K | |
11/09/23 | 09/30/23 | 10-Q | |
08/07/23 | 06/30/23 | 10-Q | |
05/11/23 | 03/31/23 | 10-Q | |
03/17/23 | 12/31/22 | 10-K | |
11/08/22 | 09/30/22 | 10-Q | |
08/08/22 | 06/30/22 | 10-Q | |
05/10/22 | 03/31/22 | 10-Q | |
03/01/22 | 12/31/21 | 10-K | |
11/15/21 | 09/30/21 | 10-Q | |
08/16/21 | 06/30/21 | 10-Q | |
05/10/22 | 03/31/21 | 10-Q | |
03/17/23 | 12/31/20 | 10-K | |
11/15/21 | 09/30/20 | 10-Q | |
08/16/21 | 06/30/20 | 10-Q |