Quarterhill Inc. (QTRHF)

Quarterhill Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	22.66	31.89	42.73	49.03	55.9	106.5
Short-Term Investments	-	-	-	1.15	1.46	4.36
Cash & Short-Term Investments	22.66	31.89	42.73	50.17	57.37	110.85
Cash Growth	-5.75%	-25.37%	-14.83%	-12.54%	-48.25%	60.79%
Accounts Receivable	62.94	55.18	61.54	47.8	52.23	21.42
Other Receivables	0.26	0.23	-	0.25	0.3	0.21
Receivables	63.2	55.41	61.54	48.06	52.54	21.63
Inventory	10.12	10.14	10.76	10.1	10.85	7.12
Prepaid Expenses	4.5	4.59	4.8	5.06	4.1	6.49
Other Current Assets	-	-	-	4.82	2.45	-
Total Current Assets	100.48	102.03	119.83	118.22	127.3	146.09
Property, Plant & Equipment	8.93	9	9.42	12.74	10.63	5.15
Long-Term Investments	3.92	3.92	7.95	5.73	5.89	5.26
Goodwill	31.45	30.96	29.02	41.66	41.93	12.63
Other Intangible Assets	76.96	78.37	79.09	104.43	119.6	46.51
Long-Term Accounts Receivable	5.02	4.78	4.36	0.4	0.4	0.4
Long-Term Deferred Tax Assets	-	-	-	18.95	29.86	26.95
Other Long-Term Assets	1.1	1.05	0.95	2.25	1.95	0.27
Total Assets	227.86	230.11	250.63	304.37	337.57	243.25
Accounts Payable	32.02	17.9	23.69	15.79	20.11	7.88
Accrued Expenses	-	4.35	3.34	7.97	5.79	4.87
Current Portion of Long-Term Debt	56.49	38.95	40.32	21.64	2.51	-
Current Portion of Leases	2.34	2.04	1.95	1.93	1.71	0.79
Current Income Taxes Payable	0.07	0.33	0.66	0.73	0.55	0.5
Current Unearned Revenue	7.51	5.71	5.81	6.31	6.31	3.77
Other Current Liabilities	0.03	3.86	5.59	11.01	7.3	2.98
Total Current Liabilities	98.46	73.15	81.36	65.38	44.29	20.78
Long-Term Debt	-	15.27	17.31	35.75	82.91	-
Long-Term Leases	4.3	4.8	5.73	7.13	4.45	2.16
Long-Term Unearned Revenue	1.49	1.57	0.62	2.03	2.24	2.02
Long-Term Deferred Tax Liabilities	2.15	2.58	1.22	1.52	4.62	4.88
Other Long-Term Liabilities	1.68	1.61	0.95	2.18	8.53	-
Total Liabilities	108.08	98.99	107.19	114	147.04	29.84
Common Stock	315.79	314.63	313.74	403.78	430.15	429.71
Additional Paid-In Capital	127.65	127.45	126.13	37.65	39.46	36.3
Retained Earnings	-338.31	-323.1	-312.08	-263.21	-279.19	-255.41
Comprehensive Income & Other	14.65	12.15	15.65	12.16	0.11	2.81
Shareholders' Equity	119.78	131.12	143.44	190.38	190.53	213.41
Total Liabilities & Equity	227.86	230.11	250.63	304.37	337.57	243.25
Total Debt	63.13	61.07	65.31	66.45	91.59	2.95
Net Cash (Debt)	-40.47	-29.17	-22.58	-16.28	-34.22	107.9
Net Cash Growth	-	-	-	-	-	73.82%
Net Cash Per Share	-0.36	-0.25	-0.20	-0.14	-0.30	0.92
Filing Date Shares Outstanding	113.92	115.79	115.08	114.64	113.88	114.3
Total Common Shares Outstanding	113.92	115.79	115.08	114.64	113.88	114.32
Working Capital	2.02	28.89	38.46	52.84	83.02	125.3
Book Value Per Share	1.05	1.13	1.25	1.66	1.67	1.87
Tangible Book Value	11.37	21.79	35.33	44.29	29	154.27
Tangible Book Value Per Share	0.10	0.19	0.31	0.39	0.25	1.35
Land	-	-	-	0.54	0.55	0.55
Machinery	-	9.12	8.21	9.97	8.48	5.42
Leasehold Improvements	-	0.32	0.33	0.37	0.38	0.34

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.