Qnity Electronics Inc. (Q) financial statements: income statement, balance sheet and cash flow
Qnity Electronics Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Qnity Electronics Inc. reported revenue of $4.8B and net income of $729.0M.
Income statement
Qnity Electronics Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Net sales
$4.8B
Cost of sales
$2.6B
Research and development expenses
$354.0M
Selling, general and administrative expenses
$620.0M
Amortization of intangibles
$207.0M
Restructuring and asset related charges - net
$20.0M
Acquisition, integration and separation costs
$25.0M
Equity in earnings of nonconsolidated affiliates
$47.0M
Interest expense
$65.0M
Other income (expense) - net
$11.0M
Income before income taxes
$962.0M
Provision for income taxes
$233.0M
Net income
$729.0M
Net income attributable to noncontrolling interests
$37.0M
Net income available for Qnity common stockholders
$692.0M
Earnings per common share - basic (in USD per share)
$3.30
Earnings per common share - diluted (in USD per share)
$3.30
Weighted-average common shares outstanding - basic (in shares)
209.6M
Weighted-average common shares outstanding - diluted (in shares)
209.8M
Qnity Electronics Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Net sales
$1.4B
$1.3B
$1.3B
Cost of sales
$763.0M
$697.0M
$701.0M
Research and development expenses
$98.0M
$94.0M
$92.0M
Selling, general and administrative expenses
$200.0M
$173.0M
$159.0M
Amortization of intangibles
$50.0M
$52.0M
$51.0M
Transformation, integration and other charges (Note 4)
$42.0M
$28.0M
—
Equity in earnings of nonconsolidated affiliates
$11.0M
$13.0M
$15.0M
Interest expense
$61.0M
$61.0M
$14.0M
Other income (expense) - net
($27.0M)
($5.0M)
($1.0M)
Income before income taxes
$199.0M
$218.0M
$272.0M
Provision for income taxes
$63.0M
$56.0M
$49.0M
Net income
$136.0M
$162.0M
$223.0M
Net income attributable to noncontrolling interests
$12.0M
$11.0M
$12.0M
Net income available for Qnity common stockholders
$124.0M
$151.0M
$211.0M
Earnings per common share - basic (in usd per share)
$0.59
$0.72
$1.01
Earnings per common share - diluted (in usd per share)
$0.59
$0.72
$1.01
Weighted-average common shares outstanding - basic (in shares)
209.5M
209.7M
209.0M
Weighted-average common shares outstanding - diluted (in shares)
210.2M
210.3M
209.0M
Balance sheet
Qnity Electronics Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Cash and cash equivalents
$915.0M
Accounts and notes receivable - net
$992.0M
Inventories - net
$661.0M
Prepaid and other current assets
$70.0M
Total current assets
$2.6B
Property, plant and equipment
$3.2B
Less: Accumulated depreciation
$1.4B
Total property, plant and equipment - net
$1.7B
Goodwill
$7.5B
Other intangible assets
$1.1B
Investments and noncurrent receivables
$402.0M
Deferred income tax assets
$42.0M
Deferred charges and other assets
$654.0M
Total other assets
$9.7B
Total Assets
$14.1B
Short-term borrowings
$24.0M
Accounts payable
$680.0M
Income taxes payable
$150.0M
Accrued and other current liabilities
$502.0M
Total current liabilities
$1.4B
Long-Term Debt
$4.0B
Deferred income tax liabilities
$273.0M
Pension and other post-employment benefits - noncurrent
$80.0M
Other noncurrent obligations
$992.0M
Total other noncurrent liabilities
$1.3B
Total Liabilities
$6.7B
Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2025: 209,479,173 shares; 2024: 0 shares)
2.0M
Preferred stock (authorized 1 share of $1.50 million par value; issued 2025: 1 share; 2024: 0 shares)
2.0M
Additional paid-in capital
$7.3B
Retained earnings
$18.0M
Parent company net investment
$0
Accumulated other comprehensive loss
($213.0M)
Total Qnity equity
$7.1B
Noncontrolling interests
$271.0M
Total equity
$7.4B
Total Liabilities and Equity
$14.1B
Qnity Electronics Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Cash and cash equivalents
$961.0M
$857.0M
$128.0M
Accounts and notes receivable - net
$1.1B
$1.0B
$802.0M
Inventories - net
$730.0M
$696.0M
$647.0M
Prepaid and other current assets
$67.0M
$90.0M
$44.0M
Total current assets
$2.9B
$2.7B
$1.6B
Property, plant and equipment - net of accumulated depreciation (June 30, 2026 - 1,511; December 31, 2025 - 1,450)
$1.8B
$1.7B
$1.6B
Goodwill
$7.5B
$7.5B
$7.5B
Other intangible assets
$1.0B
$1.1B
$1.2B
Investments and noncurrent receivables
$427.0M
$417.0M
$433.0M
Deferred income tax assets
$38.0M
$40.0M
$44.0M
Deferred charges and other assets
$660.0M
$657.0M
$135.0M
Total other assets
$9.7B
$9.7B
$9.3B
Total Assets
$14.3B
$14.1B
$12.5B
Short-term borrowings
$23.0M
$23.0M
—
Accounts payable
$790.0M
$699.0M
$590.0M
Income taxes payable
$120.0M
$162.0M
$154.0M
Accrued and other current liabilities
$509.0M
$379.0M
$166.0M
Total current liabilities
$1.4B
$1.3B
$910.0M
Long-Term Debt
$4.0B
$4.0B
$1.7B
Deferred income tax liabilities
$228.0M
$259.0M
$189.0M
Pensions and other post-employment benefits - noncurrent
$80.0M
$80.0M
$71.0M
Other noncurrent obligations
$1.0B
$1.0B
$233.0M
Total other noncurrent liabilities
$1.3B
$1.3B
$493.0M
Total Liabilities
$6.8B
$6.6B
$3.1B
Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2026: 209,334,927 shares; 2025: 209,479,173 shares)
2.0M
2.0M
—
Preferred stock (authorized 1 share of $1.50 million par value each; issued 2026: 1 share; 2025: 1 share)
$2.0M
$2.0M
—
Additional paid-in capital
$7.3B
$7.3B
—
Retained earnings
$260.0M
$170.0M
—
Accumulated other comprehensive loss
($269.0M)
($264.0M)
($224.0M)
Total Qnity equity
$7.3B
$7.2B
$9.1B
Noncontrolling interests
$285.0M
$275.0M
$264.0M
Total equity
$7.5B
$7.5B
$9.4B
Total Liabilities and Equity
$14.3B
$14.1B
$12.5B
Cash flow statement
Qnity Electronics Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Net income
$729.0M
Depreciation of property, plant and equipment
$169.0M
Amortization of definite-lived intangible assets
$207.0M
Stock-based compensation
$20.0M
Credit for deferred income tax and other tax related items
($79.0M)
Net gain on sales of assets
($1.0M)
Restructuring and asset related charges - net
$20.0M
Net periodic pension benefit cost
$9.0M
Periodic benefit plan contributions
($10.0M)
Earnings of nonconsolidated affiliates less dividends received
($5.0M)
Accounts and notes receivable
($12.0M)
Inventories
($51.0M)
Other assets
($395.0M)
Accounts payable
$119.0M
Accrued and other current liabilities
$108.0M
Other noncurrent liabilities
$385.0M
Income tax liabilities
$60.0M
Cash provided by operating activities
$1.3B
Capital expenditures
($285.0M)
Proceeds from sales of property and other assets
$0
Other investing activities, net
$0
Cash used for investing activities
($285.0M)
Proceeds from issuance of Company stock
$1.0M
Proceeds from issuance of Preferred stock
$2.0M
Distributions to noncontrolling interests
($21.0M)
Dividends paid to stockholders
($13.0M)
Net transfers to Parent
($4.2B)
Proceeds from issuance of long-term debt
$4.1B
Payments for debt issuance costs
($88.0M)
Cash used for financing activities
($248.0M)
Effect of exchange rate changes on cash and cash equivalents
$9.0M
Increase in cash and cash equivalents
$749.0M
Cash and cash equivalents at beginning of the period
$166.0M
Cash and cash equivalents at end of period
$915.0M
Interest, net of amounts capitalized
$0
Income taxes, net of refunds
$94.0M
Qnity Electronics Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Net income
$298.0M
$162.0M
$620.0M
Depreciation of property, plant and equipment
$93.0M
$46.0M
$124.0M
Amortization of definite-lived intangible assets
$102.0M
$52.0M
$156.0M
Stock based compensation
$25.0M
$10.0M
$12.0M
Credit for deferred income tax and other tax related items
($30.0M)
($1.0M)
($61.0M)
Net gain on sales of assets
($5.0M)
—
($1.0M)
Restructuring and asset related charges - net
$0
($1.0M)
$20.0M
Net periodic pension benefit cost
$2.0M
$1.0M
$6.0M
Periodic benefit plan contributions
($3.0M)
($1.0M)
($3.0M)
Earnings of nonconsolidated affiliates less dividends received
($24.0M)
($13.0M)
($37.0M)
Other net loss
$14.0M
$9.0M
—
Accounts and notes receivable
($152.0M)
($51.0M)
($97.0M)
Inventories
($77.0M)
($42.0M)
($33.0M)
Other assets
($13.0M)
($11.0M)
$13.0M
Accounts payable
$134.0M
$72.0M
$81.0M
Accrued and other current liabilities
($10.0M)
($120.0M)
($6.0M)
Other noncurrent liabilities
$44.0M
$15.0M
($1.0M)
Income tax liabilities
($22.0M)
$8.0M
($11.0M)
Cash provided by operating activities
$376.0M
$135.0M
$782.0M
Capital expenditures
($212.0M)
($122.0M)
($214.0M)
Proceeds and adjustments to proceeds from sales of property and businesses, net of cash divested
$6.0M
—
—
Other investing activities, net
$1.0M
($1.0M)
$0
Cash used for investing activities
($205.0M)
($123.0M)
($214.0M)
Repayments on long-term debt
($12.0M)
($6.0M)
—
Repurchases of common stock
($50.0M)
($25.0M)
—
Employee taxes paid for share-based payment arrangements
($7.0M)
($5.0M)
—
Distributions to noncontrolling interests
($6.0M)
($6.0M)
($21.0M)
Dividends paid to stockholders
($34.0M)
($17.0M)
—
Net transfers to Parent
$0
$0
($2.3B)
Cash used for financing activities
($109.0M)
($59.0M)
($616.0M)
Effect of exchange rate changes on cash and cash equivalents