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Quanterix Corp (QTRX) Fundamental Analysis & AI Grade 2026

QTRX Nasdaq Laboratory Analytical Instruments DE CIK: 0001503274
Updated This Month • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
70% Confidence
N/A
C
70% Conf
Pending
Analysis scheduled

📊 QTRX Key Takeaways

Revenue: $36.4M
Net Margin: -48.2%
Free Cash Flow: $-18.2M
Current Ratio: 3.72x
Debt/Equity: 0.01x
EPS: $-0.37
AI Grade: C with 70% confidence
Quanterix Corp (QTRX) receives a C fundamental grade with 70% confidence from our AI analysis based on SEC 10-K filings. With revenue of $36.4M, net profit margin of -48.2%, and return on equity (ROE) of -6.2%, Quanterix Corp demonstrates mixed fundamentals in the Industrial sector. Below is our complete QTRX stock analysis for 2026.

Is Quanterix Corp (QTRX) a Good Investment?

Claude

Quanterix demonstrates exceptional revenue growth (+1521% YoY) with a fortress balance sheet and strong liquidity, indicating successful market entry in laboratory analytics. However, the company is operationally insolvent with a -113.6% operating margin and -$18.1M negative operating cash flow, indicating unsustainable unit economics at current scale and requiring significant cost restructuring or revenue acceleration to reach viability.

Quanterix Corp Key Strengths (QTRX)

Claude
  • + Exceptional revenue growth of 1521% YoY suggests successful product commercialization and market traction
  • + Fortress balance sheet with $282.1M stockholders equity, $36.2M cash, and negligible $1.9M long-term debt provides financial runway
  • + Strong liquidity position with 3.72x current ratio and 2.70x quick ratio ensures operational flexibility

QTRX Stock Risks: Quanterix Corp Investment Risks

Claude
  • ! Severe operating losses of -$41.4M against $36.4M revenue indicate broken unit economics and operating expenses of $77.8M
  • ! Negative operating cash flow of -$18.1M annually will exhaust cash reserves in approximately 2 years at current burn rate despite positive gross margins
  • ! No demonstrated path to profitability; company lacks scale or cost structure to leverage 42.7% gross margin into positive operating results

Key Metrics to Watch

Claude
  • * Operating margin trend - must demonstrate improvement toward breakeven to validate business model
  • * Operating cash flow - critical to monitor if burn rate accelerates or decelerates with revenue scaling
  • * Operating expense ratio as percentage of revenue - essential to see if SG&A and R&D expenses decline as portion of sales

Quanterix Corp (QTRX) Financial Metrics & Key Ratios

Revenue
$36.4M
Net Income
$-17.5M
EPS (Diluted)
$-0.37
Free Cash Flow
$-18.2M
Total Assets
$366.7M
Cash Position
$36.2M

💡 AI Analyst Insight

Strong liquidity with a 3.72x current ratio provides a solid financial cushion.

QTRX Profit Margin, ROE & Profitability Analysis

Gross Margin 42.7%
Operating Margin -113.6%
Net Margin -48.2%
ROE -6.2%
ROA -4.8%
FCF Margin -50.0%

QTRX vs Industrial Sector: How Quanterix Corp Compares

How Quanterix Corp compares to Industrial sector averages

Net Margin
QTRX -48.2%
vs
Sector Avg 10.0%
QTRX Sector
ROE
QTRX -6.2%
vs
Sector Avg 15.0%
QTRX Sector
Current Ratio
QTRX 3.7x
vs
Sector Avg 1.8x
QTRX Sector
Debt/Equity
QTRX 0.0x
vs
Sector Avg 0.7x
QTRX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Quanterix Corp Stock Overvalued? QTRX Valuation Analysis 2026

Based on fundamental analysis, Quanterix Corp has mixed fundamental signals relative to the Industrial sector in 2026.

Return on Equity
-6.2%
Sector avg: 15%
Net Profit Margin
-48.2%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.01x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Quanterix Corp Balance Sheet: QTRX Debt, Cash & Liquidity

Current Ratio
3.72x
Quick Ratio
2.70x
Debt/Equity
0.01x
Debt/Assets
23.1%
Interest Coverage
-1,723.42x
Long-term Debt
$1.9M

QTRX Revenue & Earnings Growth: 5-Year Financial Trend

QTRX 5-year financial data: Year 2021: Revenue $110.6M, Net Income -$40.8M, EPS $-1.63. Year 2022: Revenue $110.6M, Net Income -$31.5M, EPS $-1.07. Year 2023: Revenue $122.4M, Net Income -$57.7M, EPS $-1.60. Year 2024: Revenue $137.4M, Net Income -$99.6M, EPS $-2.69. Year 2025: Revenue $138.9M, Net Income -$28.4M, EPS $-0.75.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Quanterix Corp's revenue has grown significantly by 26% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.75 indicates the company is currently unprofitable.

QTRX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-50.0%
Free cash flow / Revenue

QTRX Quarterly Earnings & Performance

Quarterly financial performance data for Quanterix Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $30.3M -$17.5M $-0.37
Q3 2025 $35.8M -$7.4M $-0.22
Q2 2025 $24.5M -$7.4M $-0.19
Q1 2025 $30.3M -$11.2M $-0.29
Q3 2024 $31.6M -$5.6M $-0.18
Q2 2024 $31.0M -$6.1M $-0.16
Q1 2024 $28.5M -$6.1M $-0.16
Q3 2023 $26.6M -$7.8M $-0.21

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Quanterix Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$18.1M
Cash generated from operations
Capital Expenditures
$87.0K
Investment in assets
Dividends
None
No dividend program

QTRX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Quanterix Corp (CIK: 0001503274)

📋 Recent SEC Filings

Date Form Document Action
May 26, 2026 8-K qtrx-20260514.htm View →
May 18, 2026 4 xslF345X06/primarydocument.xml View →
May 18, 2026 4 xslF345X06/primarydocument.xml View →
May 12, 2026 8-K qtrx-20260511.htm View →
May 6, 2026 10-Q qtrx-20260331.htm View →

Frequently Asked Questions about QTRX

What is the AI rating for QTRX?

Quanterix Corp (QTRX) has an AI grade of C with 70% confidence, based on fundamental analysis of SEC EDGAR filings.

What are QTRX's key strengths?

Claude: Exceptional revenue growth of 1521% YoY suggests successful product commercialization and market traction. Fortress balance sheet with $282.1M stockholders equity, $36.2M cash, and negligible $1.9M long-term debt provides financial runway.

What are the risks of investing in QTRX?

Claude: Severe operating losses of -$41.4M against $36.4M revenue indicate broken unit economics and operating expenses of $77.8M. Negative operating cash flow of -$18.1M annually will exhaust cash reserves in approximately 2 years at current burn rate despite positive gross margins.

What is QTRX's revenue and growth?

Quanterix Corp reported revenue of $36.4M.

Does QTRX pay dividends?

Quanterix Corp does not currently pay dividends.

Where can I find QTRX SEC filings?

Official SEC filings for Quanterix Corp (CIK: 0001503274) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is QTRX's EPS?

Quanterix Corp has a diluted EPS of $-0.37.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is QTRX's fundamental grade?

Based on our AI fundamental analysis in May 2026, Quanterix Corp has a C grade with 70% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is QTRX stock overvalued or undervalued?

Valuation metrics for QTRX: ROE of -6.2% (sector avg: 15%), net margin of -48.2% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is QTRX's AI grade for 2026?

Our dual AI analysis gives Quanterix Corp a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is QTRX's free cash flow?

Quanterix Corp's operating cash flow is $-18.1M, with capital expenditures of $87.0K. FCF margin is -50.0%.

How does QTRX compare to other Industrial stocks?

Vs Industrial sector averages: Net margin -48.2% (avg: 10%), ROE -6.2% (avg: 15%), current ratio 3.72 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI