QUAD Balance Sheet, Income & Cash Flow

Income Statement QUAD
Line item	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	80.67	61.25	90.45	91.82	86.74	99.91	100.26	97.66	86.94	79.76	81.27	78.47	57.90	55.86	61.28	61.11	56.14	48.49
Cost of Revenue	66.55	49.88	75.70	77.07	74.34	86.02	86.95	83.41	73.55	67.24	66.53	67.96	49.67	48.00	52.51	51.80	46.04	39.58
Gross Profit	14.11	11.37	14.75	14.75	12.40	13.89	13.31	12.56	13.39	12.52	10.72	10.51	8.23	7.85	8.77	9.31	10.10	8.91
Research & Development	0.53	0.49	0.46	0.36	0.28	0.28	0.23	0.22	0.19	0.17	0.07	0.07	0.06	0.06	0.06	0.06	0.07	–
Selling, General & Administrative	7.00	6.97	8.43	8.64	7.35	8.67	8.77	9.36	9.13	7.98	7.21	7.95	6.62	5.88	6.83	7.37	7.50	6.53
Total Operating Expenses	7.53	7.55	9.08	9.00	7.64	9.00	9.01	9.54	9.19	8.36	6.99	8.05	6.60	6.15	6.85	7.27	7.43	6.53
Operating Income	6.59	3.82	5.66	5.75	4.75	4.89	4.30	3.02	4.20	4.16	3.72	2.46	1.63	1.70	1.91	2.04	2.67	2.38
Interest Expense	2.65	2.20	2.48	2.29	1.78	1.78	1.92	1.85	1.55	1.37	1.42	1.80	1.36	1.12	0.92	1.45	1.36	1.01
Pre-Tax Income	3.71	1.87	-0.71	0.38	0.53	1.13	0.79	-19.30	1.16	1.76	0.53	-1.60	-2.10	0.89	0.34	-0.88	-0.93	0.65
Income Tax Expense	0.13	0.05	5.95	0.55	-0.67	0.49	0.42	-5.90	0.26	-0.31	-0.19	-0.49	0.01	0.18	0.16	0.26	0.13	0.11
Net Income	3.88	1.81	-6.67	-1.00	1.85	0.68	0.38	-13.40	0.90	2.07	0.16	-1.11	-2.54	0.71	0.18	-1.14	-1.07	0.54
EBITDA	13.47	10.57	8.84	9.94	9.43	10.06	9.70	-10.54	8.31	7.62	6.10	4.38	2.97	5.02	4.06	3.11	2.54	3.24

Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

Income Statement