Qnity Electronics, Inc.

Listed Company

QCIK 0002058873NYSENon-AcceleratedSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.75B

Net Income

$729.00M

Total Assets

$14.07B

Equity

$7.09B

Shares Out

209.66M

Op. Cash Flow

$1.27B

Business

Qnity Electronics, Inc. is a publicly listed company in Semiconductors & Related Devices, incorporated in Delaware. Common stock trades on NYSE under the ticker Q.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Net sales	4,754	4,335	4,035
Cost of sales	2,559	2,339	2,280
Research and development expenses	354	314	303
Selling, general and administrative expenses	620	603	533
Amortization of intangibles	207	232	262
Restructuring and asset related charges - net	20	8	52
Acquisition, integration and separation costs	25	0	0
Equity in earnings of nonconsolidated affiliates	47	37	16
Interest expense	65	0	0
Other income (expense) - net	11	25	11
Income before income taxes	962	901	632
Provision for income taxes	233	177	99
Net income	729	724	533
Net income attributable to noncontrolling interests	37	31	26
Net income available for Qnity common stockholders	692	693	507
Earnings per common share - basic (in USD per share)	3.3	3.31	2.42
Earnings per common share - diluted (in USD per share)	3.3	3.31	2.42
Weighted-average common shares outstanding - basic (in shares)	210	209	209
Weighted-average common shares outstanding - diluted (in shares)	210	209	209

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	915	166	—	—
Accounts and notes receivable - net	992	682	—	—
Inventories - net	661	597	—	—
Prepaid and other current assets	70	38	—	—
Total current assets	2,638	1,483	—	—
Property, plant and equipment	3,151	2,669	—	—
Less: Accumulated depreciation	1,450	1,121	—	—
Total property, plant and equipment - net	1,701	1,548	—	—
Goodwill	7,522	7,379	7,456	—
Other intangible assets	1,111	1,286	—	—
Investments and noncurrent receivables	402	394	—	—
Deferred income tax assets	42	42	—	—
Deferred charges and other assets	654	141	—	—
Total other assets	9,731	9,242	—	—
Total Assets	14,070	12,273	—	—
Short-term borrowings	24	0	—	—
Accounts payable	680	528	—	—
Income taxes payable	150	161	—	—
Accrued and other current liabilities	502	150	—	—
Total current liabilities	1,356	839	—	—
Long-Term Debt	4,003	0	—	—
Deferred income tax liabilities	273	259	—	—
Pension and other post-employment benefits - noncurrent	80	65	—	—
Other noncurrent obligations	992	214	—	—
Total other noncurrent liabilities	1,345	538	—	—
Total Liabilities	6,704	1,377	—	—
Commitments and contingent liabilities (Note 15)	—	—	—	—
Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2025: 209,479,173 shares; 2024: 0 shares)	2	0	—	—
Preferred stock (authorized 1 share of $1.50 million par value; issued 2025: 1 share; 2024: 0 shares)	2	0	—	—
Additional paid-in capital	7,286	0	—	—
Retained earnings	18	0	—	—
Parent company net investment	0	11,058	—	—
Accumulated other comprehensive loss	−213	−414	—	—
Total Qnity equity	7,095	10,644	—	—
Noncontrolling interests	271	252	—	—
Total equity	7,366	10,896	11,184	11,306
Total Liabilities and Equity	14,070	12,273	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Depreciation of property, plant and equipment	169	162	141
Stock-based compensation	20	13	13
Credit for deferred income tax and other tax related items	−79	−81	−79
Net gain on sales of assets	−1	−16	−8
Restructuring and asset related charges - net	20	8	52
Net periodic pension benefit cost	9	5	10
Periodic benefit plan contributions	−10	−4	−10
Earnings of nonconsolidated affiliates less dividends received	−5	4	11
Accounts and notes receivable	−12	−53	12
Inventories	−51	−84	86
Other assets	−395	39	−40
Accounts payable	119	78	−54
Accrued and other current liabilities	108	39	−96
Other noncurrent liabilities	385	−33	63
Income tax liabilities	60	28	−14
Cash provided by operating activities	1,273	1,061	882
Capital expenditures	−285	−200	−231
Proceeds from sales of property and other assets	0	15	5
Other investing activities, net	0	13	0
Cash used for investing activities	−285	−172	−226
Proceeds from issuance of Company stock	1	0	0
Proceeds from issuance of Preferred stock	2	0	0
Distributions to noncontrolling interests	−21	−17	−18
Dividends paid to stockholders	−13	0	0
Net transfers to Parent	−4,229	−831	−610
Proceeds from issuance of long-term debt	4,100	0	0
Payments for debt issuance costs	−88	0	0
Cash used for financing activities	−248	−848	−628
Effect of exchange rate changes on cash and cash equivalents	9	−14	−4
Increase in cash and cash equivalents	749	27	24
Interest, net of amounts capitalized	0	0	0
Income taxes, net of refunds	94	62	80

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