What is Quince's earnings per share (EPS)?

Quince (QNCX) reported diluted earnings per share of $-1.68 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Quince Financials

QNCX

Source SEC Filings (10-K/10-Q) Updated Apr 10, 2026 Currency USD FYE April

This page shows Quince (QNCX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

1/9

Quince passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.49x

For every $1 of reported earnings, Quince generates $0.49 in operating cash flow (-$41.4M OCF vs -$84.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

-$57.9M

YoY-1.4%

Quince's EBITDA was -$57.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.4% from the prior year.

Net Income

-$84.0M

YoY-47.8%

Quince reported -$84.0M in net income in fiscal year 2025. This represents a decrease of 47.8% from the prior year.

EPS (Diluted)

$-1.68

Quince earned $-1.68 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 28.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$41.8M

YoY-29.9%

Quince generated -$41.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 29.9% from the prior year.

Cash & Debt

$5.8M

YoY-6.5%

5Y CAGR-38.7%

Quince held $5.8M in cash against $14.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

163M

Quince had 163M shares outstanding in fiscal year 2025. This represents an increase of 270.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

$35.4M

YoY+90.3%

5Y CAGR-10.4%

Quince invested $35.4M in research and development in fiscal year 2025. This represents an increase of 90.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$352K

YoY+37.0%

5Y CAGR+46.6%

Quince invested $352K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 37.0% from the prior year.

QNCX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$35.4M+90.3%	$18.6M+96.8%	$9.4M-62.5%	$25.2M-58.6%	$60.8M-0.8%	$61.3M
SG&A Expenses	$15.0M-14.4%	$17.6M-0.6%	$17.7M-32.0%	$26.0M-11.9%	$29.5M+67.9%	$17.6M
Operating Income	-$58.1M-1.4%	-$57.3M-65.5%	-$34.6M+33.4%	-$52.0M+42.4%	-$90.3M-14.5%	-$78.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$3.2M+3594.3%	$87K+144.2%	-$197K+30.6%	-$284K	$0	$0
Net Income	-$84.0M-47.8%	-$56.8M-81.1%	-$31.4M+39.2%	-$51.7M+42.6%	-$89.9M-17.0%	-$76.8M
EPS (Diluted)	$-1.68	$-1.31-56.0%	$-0.84+45.5%	$-1.54+49.2%	$-3.03	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$8.1M+23.3%	$6.6M-19.5%	$8.1M	N/A	$4.9M+18.5%	$4.1M+12.0%	$3.7M	N/A
SG&A Expenses	$3.3M-1.8%	$3.3M-30.2%	$4.8M	N/A	$3.6M-22.7%	$4.7M-5.6%	$5.0M	N/A
Operating Income	-$13.4M-28.8%	-$10.4M+29.8%	-$14.9M	N/A	-$5.9M+79.2%	-$28.2M-151.3%	-$11.2M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$46K-168.7%	$67K+42.6%	$47K	N/A	$13K-63.9%	$36K+16.1%	$31K	N/A
Net Income	-$13.4M+16.2%	-$16.0M-6.8%	-$15.0M	N/A	-$5.5M+80.2%	-$27.7M-148.7%	-$11.1M	N/A
EPS (Diluted)	$-0.25+26.5%	$-0.340.0%	$-0.34	N/A	$-0.13+79.7%	$-0.64-146.2%	$-0.26	N/A

QNCX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$93.5M-18.3%	$114.5M-31.8%	$167.9M+61.6%	$103.9M-22.0%	$133.2M-29.7%	$189.5M
Current Assets	$22.9M-48.0%	$44.0M-43.1%	$77.4M-17.4%	$93.7M-16.1%	$111.7M-19.0%	$137.9M
Cash & Equivalents	$5.8M-6.5%	$6.2M-70.1%	$20.8M-48.9%	$40.6M+37.8%	$29.5M-55.9%	$66.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$17.6M	$0-100.0%	$17.6M	$0	$0	N/A
Total Liabilities	$129.2M+53.2%	$84.3M+1.8%	$82.8M+2396.7%	$3.3M-77.3%	$14.6M-14.9%	$17.2M
Current Liabilities	$43.2M+493.9%	$7.3M-24.0%	$9.6M+211.9%	$3.1M-78.4%	$14.2M-16.3%	$17.0M
Long-Term Debt	$14.3M0.0%	$14.3M+6.6%	$13.4M	$0	N/A	N/A
Total Equity	-$35.7M-218.5%	$30.1M-64.6%	$85.1M-15.4%	$100.6M-15.2%	$118.6M-31.2%	$172.3M
Retained Earnings	-$460.5M-22.3%	-$376.5M-17.8%	-$319.6M-10.9%	-$288.3M-21.8%	-$236.6M-61.3%	-$146.7M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$109.9M-6.2%	$117.2M+9.5%	$107.1M-6.5%	$114.5M-9.5%	$126.5M-6.2%	$134.8M-15.4%	$159.3M-5.1%	$167.9M
Current Assets	$29.2M-21.8%	$37.3M+10.4%	$33.8M-23.2%	$44.0M-14.9%	$51.7M-18.5%	$63.4M-9.9%	$70.4M-9.0%	$77.4M
Cash & Equivalents	$6.5M-61.7%	$16.8M+116.5%	$7.8M+25.1%	$6.2M+132.2%	$2.7M-66.1%	$7.9M-63.8%	$21.8M+5.1%	$20.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$0	N/A	N/A	$0	$0	$0-100.0%	$17.2M-2.2%	$17.6M
Total Liabilities	$108.8M+3.2%	$105.5M+19.2%	$88.5M+5.0%	$84.3M+3.4%	$81.6M-7.1%	$87.9M+3.2%	$85.1M+2.8%	$82.8M
Current Liabilities	$26.0M+248.8%	$7.5M-10.6%	$8.4M+14.8%	$7.3M+34.2%	$5.4M-47.4%	$10.3M+4.9%	$9.8M+2.8%	$9.6M
Long-Term Debt	$0-100.0%	$17.0M+11.3%	$15.3M+6.6%	$14.3M-3.9%	$14.9M+7.7%	$13.8M+2.3%	$13.5M+0.7%	$13.4M
Total Equity	$1.1M-91.0%	$11.7M-36.8%	$18.6M-38.4%	$30.1M-32.9%	$44.9M-4.3%	$47.0M-36.7%	$74.2M-12.8%	$85.1M
Retained Earnings	-$421.0M-3.3%	-$407.6M-4.1%	-$391.5M-4.0%	-$376.5M-3.4%	-$364.0M-1.5%	-$358.5M-8.4%	-$330.8M-3.5%	-$319.6M

QNCX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$41.4M-29.8%	-$31.9M-74.4%	-$18.3M+58.5%	-$44.0M+30.0%	-$62.9M-23.8%	-$50.8M
Capital Expenditures	$352K+37.0%	$257K+60.6%	$160K+20.3%	$133K-26.1%	$180K+246.2%	$52K
Free Cash Flow	-$41.8M-29.9%	-$32.2M-74.3%	-$18.5M+58.2%	-$44.2M+30.0%	-$63.1M-24.1%	-$50.9M
Investing Cash Flow	$23.2M+6.0%	$21.9M+480.5%	-$5.8M-132.0%	$18.0M-69.5%	$59.0M+212.4%	-$52.4M
Financing Cash Flow	$17.9M+475.1%	-$4.8M-3439.2%	$143K-79.8%	$707K-89.6%	$6.8M-94.3%	$118.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$9.9M+13.0%	-$11.4M-18.9%	-$9.6M-27.1%	-$7.6M-4.0%	-$7.3M+16.9%	-$8.7M-4.6%	-$8.4M-37.4%	-$6.1M
Capital Expenditures	$74K-41.3%	$126K-14.9%	$148K+11.3%	$133K+189.1%	$46K+17.9%	$39K0.0%	$39K+62.5%	$24K
Free Cash Flow	-$10.0M+13.3%	-$11.5M-18.4%	-$9.7M-26.9%	-$7.7M-5.2%	-$7.3M+16.8%	-$8.8M-4.6%	-$8.4M-37.5%	-$6.1M
Investing Cash Flow	-$1.8M-129.5%	$6.0M-44.6%	$10.9M+0.3%	$10.9M+52.9%	$7.1M+242.7%	-$5.0M-155.8%	$8.9M+65.4%	$5.4M
Financing Cash Flow	$1.4M-90.5%	$14.4M+16465.5%	$87K	$0+100.0%	-$5.0M-14385.7%	$35K-81.6%	$190K+233.3%	$57K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

QNCX Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	-188.5%-151.6pp	-36.9%+14.5pp	-51.4%+24.5pp	-75.8%-31.2pp	-44.6%
Return on Assets	-89.8%-40.2pp	-49.6%-30.9pp	-18.7%+31.0pp	-49.7%+17.8pp	-67.5%-27.0pp	-40.6%
Current Ratio	0.53-5.5	6.05-2.0	8.09-22.5	30.55+22.7	7.85-0.3	8.11
Debt-to-Equity	-0.40-0.9	0.48+0.3	0.16+0.2	0.00-0.1	0.12+0.0	0.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-1269.3%-1132.6pp	-136.8%-55.9pp	-80.9%	N/A	-12.2%+46.8pp	-59.0%-44.0pp	-15.0%	N/A
Return on Assets	-12.2%+1.5pp	-13.7%+0.4pp	-14.0%	N/A	-4.3%+16.2pp	-20.6%-13.6pp	-7.0%	N/A
Current Ratio	1.12-3.9	5.00+1.0	4.05-2.0	6.05-3.5	9.53+3.4	6.15-1.0	7.16-0.9	8.09
Debt-to-Equity	0.00-1.4	1.45+0.6	0.82+0.3	0.48+0.1	0.33+0.0	0.29+0.1	0.18+0.0	0.16
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$35.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.53), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Quince profitable?

No, Quince (QNCX) reported a net income of -$84.0M in fiscal year 2025.

What is Quince's EBITDA?

Quince (QNCX) had EBITDA of -$57.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Quince have?

As of fiscal year 2025, Quince (QNCX) had $5.8M in cash and equivalents against $14.3M in long-term debt.

What is Quince's free cash flow?

Quince (QNCX) generated -$41.8M in free cash flow during fiscal year 2025. This represents a -29.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Quince's operating cash flow?

Quince (QNCX) generated -$41.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Quince's total assets?

Quince (QNCX) had $93.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Quince's capital expenditures?

Quince (QNCX) invested $352K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Quince spend on research and development?

Quince (QNCX) invested $35.4M in research and development during fiscal year 2025.

How many shares does Quince have outstanding?

Quince (QNCX) had 163M shares outstanding as of fiscal year 2025.

What is Quince's current ratio?

Quince (QNCX) had a current ratio of 0.53 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Quince's debt-to-equity ratio?

Quince (QNCX) had a debt-to-equity ratio of -0.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Quince's return on assets (ROA)?

Quince (QNCX) had a return on assets of -89.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Quince's cash runway?

Based on fiscal year 2025 data, Quince (QNCX) had $5.8M in cash against an annual operating cash burn of $41.4M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Quince's debt-to-equity ratio negative or unusual?

Quince (QNCX) has negative shareholder equity of -$35.7M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Quince's Piotroski F-Score?

Quince (QNCX) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Quince's earnings high quality?

Quince (QNCX) has an earnings quality ratio of 0.49x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.