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QT IMAGING HOLDINGS, INC. logo
QTI$2.23+3.72%

Qt Imaging Holdings, Inc.

Sector: Electromedical & Electrotherapeutic ApparatusIndustry: Medical - DevicesCountry: USExchange: Nasdaq

Mkt Cap$32.64M
Float & O/S
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DilutionScan read 20 of QT IMAGING HOLDINGS, INC.'s SEC filings and found 14 warrant series, 3 convertibles, 1 equity line, 1 shelf registration, 2 S-1 registrations and 3 completed offerings on file for QTI. The latest dilution event on file is an offering on May 18, 2026. Analysis updated Oct 7, 2026.

Signal8 Summary

QTI

Growing revenue but burning cash fast

Snapshot

QT Imaging is a tiny medical-device maker whose sales are ramping fast: FY 2025 revenue hit $18.9M, up 288%, and it recently guided to $39M for FY 2026.

What's Happening Right Now

  • : Q2 2026 revenue rose 103% to $7.4M on scanner shipments, but net loss widened to $11.1M, driven mostly by an $8.3M non-cash charge from modifying its term loan, which pushed the maturity to March 2029 at a higher 12% rate.
  • : Gross margin slipped to 41% from 50%, quarterly cash burn tripled to $4.8M, and the company raised $10M in a public offering while cash and restricted cash stood at $14.2M as of August 7, 2026.
  • : The Israeli Ministry of Health registered the company's scanner, authorizing commercialization in Israel through February 2028.
  • : QT Imaging passed its first routine FDA inspection with zero Form 483 observations, a clean result for its quality system.
  • : The company completed a 3:1 reverse stock split and an $18.2M private placement in October 2025 ahead of its January 2026 Nasdaq uplisting.

Raise routes on file: effective shelf + effective S-1 · latest dilution event 169 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

May 18, 2026 · Offering

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

S-1 · 2

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2025

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2025

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 14

What is this?

Exercise price, shares and dates with Pro

Warrant

Outstanding

Shares Underlying

Exercise Price

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

Warrant

Outstanding

Shares Underlying

Exercise Price

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

Warrant

Issued 2024

Outstanding

Shares Underlying

Exercise Price

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

Warrant

Issued 2025

Outstanding

Shares Underlying

Exercise Price

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

November 2024 PIPE Warrants

Issued 2024

Outstanding

Shares Underlying

Exercise Price

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

Warrant

Issued 2025

Outstanding

Shares Underlying

Exercise Price

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

Convertibles · 3

What is this?

Principal, conversion terms and dates with Pro

Convertible

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Repaid

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Repaid

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2023

Terminated

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Shelf · 1

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 3

What is this?

Proceeds, price, shares and agent with Pro

Public offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2025

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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

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