QSEP · QS Energy, Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“As reflected in the accompanying consolidated financial statements, during the six-months ended June 30, 2026, the Company incurred a net loss of $2,944,000, used cash in operations of $1,228,000 and had a stockholders' deficit of $5,498,000 as of June 30, 2026. In addition, as of June 30, 2026, 46 notes payable with an aggregate balance of $1,201,000, license agreement payables of $3,167,000 and certain obligations to a former officer are past due. These factors raise substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 14, 2026
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | FY2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $50K | $0 | $0 | $240K | $0 | $0 | $0 | — | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | $30K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| $0 | — | — | — | — | — | — | — | — | — | — | — | — | $0 | $0 | $0 | — | — | — | — | — | — | — | — | — | — | |
| $0 | — | — | — | — | — | — | — | — | — | — | — | — | $0 | $0 | $0 | — | — | — | — | — | — | — | — | — | — | |
| $1.47M | $1.61M | $191K | $203K | $486K | $350K | $355K | $891K | $208K | $243K | $279K | $578K | $893.45K | $2.01M | $963.18K | $1.32M | $427.98K | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | $1.47M | $2.16M | — | — | — | $0 | $0 | $150K | — | — | — | — | — | — | — | — | — | — | — | — | |
| $0 | — | — | — | — | — | — | — | — | — | — | — | — | $0 | $0 | $0 | — | — | — | — | — | — | — | — | — | — | |
| $2000 | — | $1000 | $4000 | $4000 | $7000 | $7000 | $7000 | $22K | $19K | $7000 | $12K | $13.83K | $15.4K | $36.08K | $34.72K | $34.02K | — | — | — | — | — | — | — | — | — | |
| $1.15M | — | — | — | — | — | $1.47M | $2.16M | $1.85M | $2.94M | $2.1M | $2.92M | $3.28M | $11.88M | $7.19M | $6.7M | $4.29M | — | — | — | — | — | — | — | — | — | |
| -$6.24M | -$14.92M | -$1.58M | -$891K | -$1.25M | -$1.19M | -$1.82M | — | — | — | — | — | — | — | — | -$8.02M | -$4.72M | — | — | — | — | — | — | — | — | — | |
| -$14.12M | — | -$1.58M | -$887K | -$1.25M | -$1.18M | -$1.82M | — | — | — | — | — | — | — | — | -$7.98M | -$4.69M | — | — | — | — | — | — | — | — | — | |
| $204K | $389K | $358K | — | — | — | $145K | $68K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| $0 | — | — | — | — | — | — | — | — | — | — | — | — | $0 | $0 | $0 | — | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | $0 | $2000 | $11K | -$28.6K | -$23.55K | $24.72K | $48K | — | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | -$1.82M | -$3.05M | -$2.06M | -$3.13M | -$2.38M | -$3.49M | -$3.94M | -$13.9M | -$8.15M | -$8.02M | — | — | — | — | — | — | — | — | — | — | |
| — | $1600 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1600 | $1600 | $800 | $800 | $800 | $0 | $800 | $800 | — | — | — | — | — | — | — | — | — | |
| -$6.44M | -$15.31M | -$1.93M | -$1.22M | -$1.55M | -$1.42M | -$2.42M | -$5.62M | -$3.06M | -$4.84M | -$4M | -$4.23M | -$4.01M | -$10.66M | -$13.09M | -$10.86M | -$9.49M | -$6.19M | -$6.05M | -$6.26M | -$10.18M | -$3.12M | -$6.8M | -$2.48M | -$2.75M | -$2.74M | |
| — | — | — | — | — | — | — | — | — | -9670% | — | — | -1669.31% | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| USD/shares | -$0.01 | -$0.03 | $0.00 | $0.00 | $0.00 | $0.00 | -$0.01 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| USD/shares | -$0.01 | -$0.03 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| shares | — | 499.68M | 404.98M | 385.56M | 361.79M | 336.04M | 316.46M | 290.56M | 246.26M | 217.79M | 192.83M | 182.27M | 180.39M | 160.96M | 128.67M | 104.1M | 81.91M | — | — | — | — | — | — | — | — | — |
| shares | — | 499.68M | 404.98M | 385.56M | 361.79M | 336.04M | 316.46M | 290.56M | 246.26M | 217.79M | 192.83M | 182.27M | 180.39M | 160.96M | 128.67M | 104.1M | — | — | — | — | — | — | — | — | — | — |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2011–FY2013: $0 in buybacks.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Convertible notes payable, including current maturities | 2026-06-30 | USD 1,201,000 | 10-Q filed 2026-08-14 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
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Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 12 similar-size Oil & Gas Equipment & Services companies (of 43 listed).