QT IMAGING HOLDINGS, INC.QTI

QT IMAGING HOLDINGS, INC. Revenue Disclosure

10-KFiled Mar 25, 20261 min read
Revenue Recognition
Revenue recognized during the years ended December 31, 2025 and 2024 is disaggregated as follows:
Year Ended December 31,
(in thousands)20252024
Product
$18,750 $4,680 
Service
175 199 
$18,925 $4,879 
Revenue recognized by geography during the years ended December 31, 2025 and 2024 was as follows:
Year Ended December 31,
(in thousands)20252024
United States
$18,883 $4,824 
International
42 55 
$18,925 $4,879 
The Company had no contract assets as of December 31, 2025 and 2024. The Company had contract liabilities of $7 thousand as of December 31, 2025, all of which is expected to be recognized as revenue in the next twelve months. The Company had contract liabilities of $49 thousand as of December 31, 2024. Contract liabilities are included in accrued expenses and other current liabilities on the consolidated balance sheets. Revenue recognized during the year ended December 31, 2025 that was previously included in contract liabilities as of December 31, 2024 was $49 thousand.

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

Other Available Disclosures

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