QNTM

Updated: May 17, 2026 10:23 PM

Quantum BioPharma Ltd.

Market Cap: $43.57M Ownership — Insider: 12.4% | Institutional: 9.9% | Retail: 77.8% HEALTHCARE BIOTECHNOLOGY

Quantum BioPharma Ltd. (QNTM) is an innovative biotechnology company focused on developing transformative therapies targeting oncology and autoimmune diseases. With a robust pipeline of biopharmaceutical products and a strong emphasis on research and development, Quantum leverages advanced technologies to address unmet medical needs. The company’s strategic collaborations and experienced leadership contribute to its competitive edge, positioning it well for growth in the dynamic biopharmaceutical landscape. As the market for novel therapeutics expands, QNTM presents an appealing investment opportunity for institutional investors seeking exposure in this high-potential sector.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalRevenue                        7/11 dates (64%)
  ⚠️  SPARSE grossProfit                         4/11 dates (36%)
  ✅ netIncome                           11/11 dates (100%)

Plot for QNTM (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -39.13M                -19.56M                 0.00M                 19.56M                  39.13M
               |                      |                      |                      |                       |

  2015-12-31 |                                              | -0.03M ⊗⊗
  2016-12-31 |                                              | -0.03M ⊗⊗
  2017-12-31 |                                            |  -2.80M
  2018-12-31 |                           | -16.67M ⊗⊗
  2019-12-31 | | -39.13M ⊗
  2020-12-31 |          | -31.80M ⊗
  2021-12-31 |      | -35.29M ⊗
  2022-12-31 |                   | -23.61M ⊗
  2023-12-31 |                          | -17.90M ⊗
  2024-12-31 |                              | -14.20M
  2025-12-31 |                | -26.18M

               |                      |                      |                      |                       |
               -39.13M                -19.56M                 0.00M                 19.56M                  39.13M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  researchAndDevelopment              6/11 dates (55%)
  ✅ sellingGeneralAndAdministrative     11/11 dates (100%)
  ⚠️  SPARSE costofGoodsAndServicesSold          3/11 dates (27%)

Plot for QNTM (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                  5.84M                 11.69M                 17.53M                  23.37M
               |                      |                      |                      |                       |

  2015-12-31 |  0.03M ⊗⊗
  2016-12-31 |  0.03M ⊗⊗
  2017-12-31 |  2.82M ⊗⊗
  2018-12-31 |  17.49M ⊗⊗
  2019-12-31 |  20.49M ⊗
  2020-12-31 |  18.11M ⊗
  2021-12-31 |  23.37M ⊗
  2022-12-31 |  15.98M ⊗
  2023-12-31 |  13.20M ⊗
  2024-12-31 |  9.31M
  2025-12-31 |  12.01M

               |                      |                      |                      |                       |
               0.00M                  5.84M                 11.69M                 17.53M                  23.37M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         10/11 dates (91%)
  ⚠️  shortLongTermDebtTotal              8/11 dates (73%)
  ✅ operatingCashflow                   11/11 dates (100%)

Plot for QNTM (in M)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -35.26M                -17.63M                 0.00M                 17.63M                  35.26M
               |                      |                      |                      |                       |

  2015-12-31 |                                              |  0.02M ⊗
  2016-12-31 |                                              |  -0.03M ⊗
  2017-12-31 |                                              |  3.77M ⊗
  2018-12-31 |                             |  15.52M ⊗
  2019-12-31 |                             |  -13.71M
  2020-12-31 |                      |  -19.13M
  2021-12-31 |                    |  35.26M
  2022-12-31 |          |  -28.33M
  2023-12-31 |                                 |  -10.83M
  2024-12-31 |                                      |  -6.88M
  2025-12-31 |                                    |  -8.38M

               |                      |                      |                      |                       |
               -35.26M                -17.63M                 0.00M                 17.63M                  35.26M

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   11/11 dates (100%)
  ✅ capitalExpenditures                 11/11 dates (100%)

Plot for QNTM (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -28.33M                -14.17M                 0.00M                 14.17M                  28.33M
               |                      |                      |                      |                       |

  2015-12-31 |                                              | -0.00M
  2016-12-31 |                                              | -0.03M
  2017-12-31 |                                              |  6.09M
  2018-12-31 |                         |  -13.58M
  2019-12-31 |                         |  -13.71M
  2020-12-31 |                |  -19.13M
  2021-12-31 |             |  -20.75M
  2022-12-31 | |  -28.33M
  2023-12-31 |                             |  -10.83M
  2024-12-31 |                                    |  -6.88M
  2025-12-31 |                                 | -8.38M

               |                      |                      |                      |                       |
               -28.33M                -14.17M                 0.00M                 14.17M                  28.33M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         11/11 dates (100%)
  ✅ totalLiabilities                    11/11 dates (100%)
  ✅ totalShareholderEquity              11/11 dates (100%)

Plot for QNTM (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -62.96M                -31.48M                 0.00M                 31.48M                  62.96M
               |                      |                      |                      |                       |

  2015-12-31 |                                              |  0.06M
  2016-12-31 |                                              |  0.06M
  2017-12-31 |                                               |  10.88M
  2018-12-31 |                                               |  38.75M
  2019-12-31 |                                               |  43.22M
  2020-12-31 |                                               |  41.97M
  2021-12-31 |                                               |  62.96M
  2022-12-31 |                                               |  38.41M
  2023-12-31 |                                               |  17.47M
  2024-12-31 |                                               |  17.12M
  2025-12-31 |                                               |  11.14M

               |                      |                      |                      |                       |
               -62.96M                -31.48M                 0.00M                 31.48M                  62.96M

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           11/11 dates (100%)
  ⚠️  shortLongTermDebtTotal              8/11 dates (73%)
  ✅ totalShareholderEquity              11/11 dates (100%)

Plot for QNTM (in M)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -54.13M                -27.07M                 0.00M                 27.07M                  54.13M
               |                      |                      |                      |                       |

  2015-12-31 |                                              |  -0.06M
  2016-12-31 |                                              | -0.05M ⊗
  2017-12-31 |                                             |  9.87M ⊗
  2018-12-31 |                                 |  37.47M ⊗
  2019-12-31 |              |  -39.13M
  2020-12-31 |                    |  36.31M
  2021-12-31 |                 |  54.13M
  2022-12-31 |                           |  30.54M
  2023-12-31 |                                |  -17.90M
  2024-12-31 |                                   |  -14.20M
  2025-12-31 |                         |  -26.18M

               |                      |                      |                      |                       |
               -54.13M                -27.07M                 0.00M                 27.07M                  54.13M

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE totalRevenue                        11/25 dates (44%)
  ⚠️  SPARSE grossProfit                         7/25 dates (28%)
  ✅ netIncome                           25/25 dates (100%)

Plot for QNTM (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00M                  3.39M                  6.78M                 10.18M                  13.57M
               |                      |                      |                      |                       |

  2020-03-31 |  -9.36M ⊗⊗
  2020-06-30 |  -6.09M ⊗
  2020-09-30 |  -13.57M ⊗⊗
  2020-12-31 |  -4.38M ⊗⊗
  2021-03-31 |  -9.94M ⊗⊗
  2021-06-30 |  -13.21M ⊗⊗
  2021-09-30 |  -5.79M ⊗⊗
  2021-12-31 |  -6.35M ⊗⊗
  2022-03-31 |  -5.91M ⊗⊗
  2022-06-30 |  -4.42M ⊗⊗
  2022-09-30 |  -7.13M ⊗⊗
  2022-12-31 |  -6.15M ⊗⊗
  2023-03-31 |  -9.96M ⊗⊗
  2023-06-30 |  -5.49M ⊗
  2023-09-30 |  -1.06M ⊗
  2023-12-31 |  -1.32M ⊗
  2024-03-31 |  -1.90M ⊗
  2024-06-30 |  -3.11M ⊗
  2024-09-30 |  -3.83M
  2024-12-31 |  -5.36M
  2025-03-31 |  -8.58M
  2025-06-30 |  -9.25M ⊗
  2025-09-30 |  -5.32M
  2025-12-31 |  -3.03M
  2026-03-31 |  -13.37M ⊗

               |                      |                      |                      |                       |
               0.00M                  3.39M                  6.78M                 10.18M                  13.57M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ⚠️  sellingGeneralAndAdministrative     24/25 dates (96%)
  ⚠️  costofGoodsAndServicesSold          24/25 dates (96%)

Plot for QNTM (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               -8.09M                 -4.05M                  0.00M                  4.05M                   8.09M
               |                      |                      |                      |                       |

  2020-03-31 |                                               |  5.32M
  2020-06-30 |                                               |  2.59M
  2020-09-30 |                                               |  7.98M
  2020-12-31 |                                               |  2.46M
  2021-03-31 |                                               |  6.88M
  2021-06-30 |                                               |  8.09M
  2021-09-30 |                                              |  4.24M
  2021-12-31 |                                               |  4.16M
  2022-03-31 |                                               |  3.86M
  2022-06-30 |                                               |  4.83M
  2022-09-30 |                                               |  3.65M
  2022-12-31 |                                               |  2.69M
  2023-03-31 |                                               |  2.72M
  2023-06-30 |                                               |  2.74M
  2023-09-30 |                                              |  2.69M
  2023-12-31 |                                              |  1.81M
  2024-03-31 |                                               |  1.97M
  2024-06-30 |                                               |  2.44M
  2024-09-30 |                                               |  3.21M
  2024-12-31 |                                               |  4.28M
  2025-03-31 |                                               |  1.65M
  2025-06-30 |                                               |  4.22M ⊗
  2025-09-30 |                                               |  4.02M
  2025-12-31 |                                               |  2.16M
  2026-03-31 |                                               |  0.62M ⊗

               |                      |                      |                      |                       |
               -8.09M                 -4.05M                  0.00M                  4.05M                   8.09M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for QNTM (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -49.84M                -24.92M                 0.00M                 24.92M                  49.84M
               |                      |                      |                      |                       |

  2020-03-31 |                                          |  5.89M
  2020-06-30 |                                            |  9.80M
  2020-09-30 |                                          |  13.94M
  2020-12-31 |                                           |  17.52M
  2021-03-31 |                                          |  49.84M
  2021-06-30 |                                         |  43.20M
  2021-09-30 |                                           |  39.32M
  2021-12-31 |                                           |  35.26M
  2022-03-31 |                                          |  28.57M
  2022-06-30 |                                      |  31.62M
  2022-09-30 |                                        |  23.75M
  2022-12-31 |                                         |  16.98M
  2023-03-31 |                                           |  9.22M
  2023-06-30 |                                            |  5.67M
  2023-09-30 |                                             |  3.63M
  2023-12-31 |                                              |  2.76M
  2024-03-31 |                                             |  -1.97M
  2024-06-30 |                                              |  3.31M
  2024-09-30 |                                            |  -3.46M
  2024-12-31 |                                              |  6.00M
  2025-03-31 |                                           |  -4.26M
  2025-06-30 |                                             |  2.27M
  2025-09-30 |                                             |  2.56M
  2025-12-31 |                                              |  1.90M
  2026-03-31 |                                             |  4.36M

               |                      |                      |                      |                       |
               -49.84M                -24.92M                 0.00M                 24.92M                  49.84M

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for QNTM (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -9.40M                 -4.70M                  0.00M                  4.70M                   9.40M
               |                      |                      |                      |                       |

  2020-03-31 |                    | -5.49M
  2020-06-30 |                             | -3.63M
  2020-09-30 |                      | -5.14M
  2020-12-31 |                        |  -4.77M
  2021-03-31 |                    |  -5.48M
  2021-06-30 |               |  -6.58M
  2021-09-30 |                         |  -4.59M
  2021-12-31 |                           |  -4.09M
  2022-03-31 |                      |  -5.09M
  2022-06-30 | |  -9.40M
  2022-09-30 |          |  -7.52M
  2022-12-31 |                |  -6.33M
  2023-03-31 |                        |  -4.75M
  2023-06-30 |                              |  -3.51M
  2023-09-30 |                                       |  -1.71M
  2023-12-31 |                                           |  -0.85M
  2024-03-31 |                                     |  -1.97M
  2024-06-30 |                                            |  -0.61M
  2024-09-30 |                              |  -3.46M
  2024-12-31 |                                           |  -0.84M
  2025-03-31 |                          |  -4.26M
  2025-06-30 |                                     | -1.95M
  2025-09-30 |                                       | -1.72M
  2025-12-31 |                                              | -0.31M
  2026-03-31 |                                       |  -1.65M

               |                      |                      |                      |                       |
               -9.40M                 -4.70M                  0.00M                  4.70M                   9.40M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for QNTM (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00M                 19.11M                 38.22M                 57.33M                  76.44M
               |                      |                      |                      |                       |

  2020-03-31 |  35.06M
  2020-06-30 |  38.09M
  2020-09-30 |  41.99M
  2020-12-31 |  41.97M
  2021-03-31 |  76.44M
  2021-06-30 |  68.35M
  2021-09-30 |  68.67M
  2021-12-31 |  62.96M
  2022-03-31 |  55.71M
  2022-06-30 |  51.17M
  2022-09-30 |  43.58M
  2022-12-31 |  38.41M
  2023-03-31 |  29.48M
  2023-06-30 |  21.41M
  2023-09-30 |  18.94M
  2023-12-31 |  17.47M
  2024-03-31 |  15.44M
  2024-06-30 |  15.25M
  2024-09-30 |  19.03M
  2024-12-31 |  17.12M
  2025-03-31 |  14.87M
  2025-06-30 |  15.30M
  2025-09-30 |  14.15M
  2025-12-31 |  11.14M
  2026-03-31 |  16.40M

               |                      |                      |                      |                       |
               0.00M                 19.11M                 38.22M                 57.33M                  76.44M

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for QNTM (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -68.51M                -34.25M                 0.00M                 34.25M                  68.51M
               |                      |                      |                      |                       |

  2020-03-31 |                                         |  30.04M
  2020-06-30 |                                           |  33.55M
  2020-09-30 |                                      |  31.80M
  2020-12-31 |                                            |  36.31M
  2021-03-31 |                                        |  68.51M
  2021-06-30 |                                      |  58.28M
  2021-09-30 |                                           |  60.15M
  2021-12-31 |                                           |  54.13M
  2022-03-31 |                                           |  46.76M
  2022-06-30 |                                            |  42.58M
  2022-09-30 |                                          |  36.14M
  2022-12-31 |                                           |  30.54M
  2023-03-31 |                                        |  20.86M
  2023-06-30 |                                           |  15.55M
  2023-09-30 |                                              |  14.84M
  2023-12-31 |                                              |  13.24M
  2024-03-31 |                                              |  12.03M
  2024-06-30 |                                             |  10.96M
  2024-09-30 |                                            |  16.29M
  2024-12-31 |                                           |  11.48M
  2025-03-31 |                                         |  -8.58M
  2025-06-30 |                                         |  -9.25M
  2025-09-30 |                                           |  8.65M
  2025-12-31 |                                             |  6.91M
  2026-03-31 |                                      |  -13.37M

               |                      |                      |                      |                       |
               -68.51M                -34.25M                 0.00M                 34.25M                  68.51M

Price History

Volume

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