Qnity Electronics, Inc. income statement
In fiscal 2025, Qnity Electronics, Inc. reported revenue of $4.75bn, up 9.7% on the year before and net income of $692m, or $3.30 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 4,035 | 4,335 | 4,754 | 5,210 |
| Cost of revenue | 2,280 | 2,339 | 2,559 | 2,802 |
| Gross profit | 1,755 | 1,996 | 2,195 | 2,408 |
| Research and development | 303 | 314 | 354 | 374 |
| Selling, general and administrative | 533 | 603 | 620 | 699 |
| Income before tax | 632 | 901 | 962 | 878 |
| Income tax | 99 | 177 | 233 | 248 |
| Net income | 507 | 693 | 692 | 586 |
| Diluted EPS | $2.42 | $3.31 | $3.30 | $2.79 |
| Diluted shares (average) | 209m | 209m | 210m | 210m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,148 | 1,101 | 1,118 | 1,170 | 1,276 | 1,190 | 1,315 | 1,429 |
| Cost of revenue | 609 | 586 | 587 | 630 | 701 | 641 | 697 | 763 |
| Gross profit | 539 | 515 | 531 | 540 | 575 | 549 | 618 | 666 |
| Research and development | 81 | 84 | 84 | 88 | 92 | 90 | 94 | 98 |
| Selling, general and administrative | 156 | 142 | 140 | 154 | 159 | 167 | 173 | 200 |
| Income before tax | 250 | 253 | 246 | 255 | 272 | 189 | 218 | 199 |
| Income tax | 43 | 32 | 47 | 57 | 49 | 80 | 56 | 63 |
| Net income | 199 | 213 | 193 | 188 | 211 | 100 | 151 | 124 |
| Diluted EPS | $0.95 | $1.01 | $0.92 | $0.90 | $1.01 | $0.47 | $0.72 | $0.59 |
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