Questor Technology (QST) Q2 2025 earnings summary

Executive summary

• Q2 revenue rose to $3.02M from $0.87M YoY, driven primarily by international equipment sales and global revenue diversification.

• H1 revenue was $5.38M; gross profit was $2.77M, and adjusted EBITDA was $1.35M.

• Emissions-control systems and waste-heat-to-power technology support customer emissions goals; a 1,500 kW prototype is nearing completion.

Financial highlights

• Q2 gross profit was $1.59M versus $42,156 YoY; H1 gross profit was $2.77M versus $1.60M.

• Q2 net income was $363,147 versus a $966,246 loss YoY; H1 net income was $713,326 versus a $1.60M loss.

• Adjusted EBITDA was $871,374 in Q2 versus a $721,640 loss YoY, and $1.35M in H1 versus a $1.20M loss.

Outlook and guidance

• Prototype commissioning is scheduled to begin in Q3 2025; field demonstration deployment is expected in Q4 2025.

• High-profile projects in the Middle East and North Africa are expected to be commissioned in Q3 and Q4 2025.

• Global emissions-reduction commitments and favorable regulatory conditions are expected to support demand for clean-combustion and heat-to-power solutions.