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Quantum-Si Inc logo
QSI$1.30+3.17%

Quantum-Si Inc

Sector: Measuring & Controlling Devices, NECIndustry: Medical - DevicesCountry: USExchange: Nasdaq

Mkt Cap$284.55M
Float & O/S
Inst Own23.9%

DilutionScan read 43 of Quantum-Si Inc's SEC filings and found 3 warrant series, 2 ATM programs and 2 shelf registrations on file for QSI. The latest dilution event on file is ATM sales on Jun 30, 2026. Analysis updated Nov 4, 2026.

Signal8 Summary

QSI

Pre-revenue burn, Nasdaq delisting risk

Snapshot

Quantum-Si is a pre-revenue-stage life sciences company still developing its main product. FY 2025 revenue was just $2.4M, down 20% YoY, while the company lost $101.3M and burned $97.2M in free cash flow.

What's Happening Right Now

  • : Quantum-Si presented interim data claiming its next-generation Proteus platform outperforms its current Platinum Pro instrument, but the system is not yet commercially launched.
  • : Founder Jonathan Rothberg and family trusts adopted a 10b5-1 plan to sell up to 8.9 million QSI shares starting January 15, 2027.
  • : Q2 2026 revenue fell 41.8% YoY to $344K with a $23.5M net loss; the company cut about 20% of its workforce and pushed its Proteus product launch from late 2026 to Q2 2027.
  • : Management says cost cuts push modeled cash runway into Q4 2028 and reiterated full-year 2026 revenue guidance of about $1.0 million.
  • : Nasdaq notified Quantum-Si it's out of compliance with the $1.00 minimum bid price rule, giving it until January 19, 2027 to fix it.

Raise routes on file: active ATM + effective shelf · latest dilution event 127 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Jun 30, 2026 · ATM Sale

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

Warrants · 3

What is this?

Exercise price, shares and dates with Pro

Warrant

Issued 2020

Expired

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Expired

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

July 2025 Registered Direct Pre-Funded Warrants

Issued 2025

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

ATM · 2

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2025

Active

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

ATM program

Issued 2024

Terminated

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Shelf · 2

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2023

Superseded

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Know who's about to sell into your QSI trade

Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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