Northwire Canada EditionTuesday, July 14, 2026
Sign inSubscribe
Northwire
⌕
WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
Earnings

Quarterhill Reports Fourth Quarter and Full Year 2025 Financial Results

By The Northwire Desk — AI Analysis Mar 23, 2026 · 07:00 QTRH · 1.03 QUARTERHILL INC.
QTRH · Price

Executive Summary

  • Quarterhill reported Q4 2025 Adjusted EBITDA of $4.4 M (up from $1.2 M YoY) and a full‑year Adjusted EBITDA of $(0.3) M, marking the second consecutive quarter of positive adjusted EBITDA.
  • Revenue was $38.5 M in Q4 and $155.2 M for FY 2025, modestly above prior‑year levels; gross margin expanded to 31% in Q4 (up 1,100 bps YoY).
  • The company secured several new contracts totaling ~$23 M, including a $10.7 M three‑year extension with Illinois Tollway and multiple international weigh‑in‑motion projects.

Key Details

  • Financial Highlights – Q4 2025
  • Adjusted EBITDA: $4.4 M (vs. $1.2 M in Q4 2024)
  • Gross margin: 31% (up 1,100 bps YoY)
  • Cash generated from operations: $4.1 M (down from $6.5 M)

  • Revenue backlog at year‑end: $404.3 M

  • Financial Highlights – FY 2025

  • Revenue: $155.2 M (vs. $153.3 M YoY)
  • Gross profit: $32.8 M (31% of revenue) vs. $27.8 M (18%) prior year
  • Net loss: $(54.4 M) ($0.47 per diluted share) – larger than prior‑year loss of $(11.0 M) due largely to a $31.4 M goodwill impairment in Q4.

  • Adjusted EBITDA (full year): $(0.3 M) vs. $0.2 M previous year

  • Contract Wins & Pipeline

  • Illinois Tollway three‑year extension: $10.7 M
  • New U.S. tolling contract: $5.2 M
  • Arkansas DOT modernization project: $2.7 M
  • Washington State DOT truck‑parking safety initiative: $2.3 M

  • International WIM contracts (Kuwait, Thailand, South Korea, Cambodia) – total undisclosed but noted as “multiple new and follow‑on”

  • Cash Position

  • Cash & cash equivalents at 31 Dec 2025: $24.8 M (up from $24.1 M three months earlier; down from $31.9 M year‑end 2024)

  • Operating Metrics

  • Operating expenses rose to $45.9 M in Q4 and $83.8 M for FY 2025, driven by the goodwill impairment charge.

  • SG&A increased sharply YoY (reflecting higher staffing & marketing).

  • Conference Call – Hosted on 23 Mar 2026 at 10:00 AM ET; webcast available live and via replay through 30 Mar 2026.

Notable Quotes

“We exited 2025 as a stronger and more focused company… our margins have improved meaningfully, our operating model is more efficient…” – Chuck Myers, CEO

Materiality Assessment: Material – Neutral (the release contains full quarterly and annual financial results, significant contract wins, and a large goodwill impairment that materially affect the company’s financial position).

Read the original news release →

More from QUARTERHILL INC.

Jun 30, 2026 · 07:00

Quarterhill to Acquire Conduent Tolling Solutions Business

M&A / Property Jun 22, 2026 · 07:00

IDOT contract adds to backlog but doesn't shift the margin or cash flow trajectory; market remains skeptical on profitability durability.

Other May 26, 2026 · 07:00

Quarterhill Turnaround Gains Momentum with Margin Expansion and Debt Restructuring, Yet Valuation Risks Remain

Other May 14, 2026 · 07:00

Quarterhill’s turnaround accelerates as surging margins and a new credit facility arm the micro‑cap for M&A, sending the stock to test 52‑week highs.

Earnings May 12, 2026 · 12:47

Quarterhill taps BTG Pactual for $60M credit lifeline to refinance debt and shift gears into M&A overdrive.

Financings Apr 28, 2026 · 07:00

Quarterhill Secures $13M Indiana Contract as Backlog Holds Above $400M Amid Turnaround

Other