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QTEX on Nasdaq

QTREX Quantum Ltd.

QTREX Quantum Ltd. is a surgical and medical instruments and apparatus company based in Ra'Anana.1 Its shares trade on Nasdaq under the symbol QTEX.1

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Last updated Oct 21, 2026.

Overview

$289.0KRevenue, fiscal 20252
-$13.2MNet income, fiscal 20252

Compare with Adagio Medical Holdings, Inc., Bluejay Diagnostics, Inc. or PULSE BIOSCIENCES, INC., or pick any stock.

  • TickerQTEX on Nasdaq1
  • IndustrySurgical & Medical Instruments & Apparatus1
  • HeadquartersL31
  • Incorporated inIsrael3
  • Business addressHatidhar 2, 11Th Floor, Ra'Anana3
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

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SEC as frequently or as promptly as U.S. domestic companies registered under the Exchange Act.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.7%Gross margin2
-4713.8%Operating margin2
-4574.4%Net margin2
-569.1%Return on equity2
-$10.0MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue4¢$287.0K
  • Research and development96¢$7.5M

Out of $289.0K in revenue.2 The company lost money this year.

Financial statements

Revenue2$289.0K in 2025
0$100.0K$200.0K$300.0K2023: $0$020232024: $0$020242025: $289.0K$289.0K2025
Gross profit2$2.0K in 2025
0$500$1.0K$1.5K$2.0K2023: $0$020232024: $0$020242025: $2.0K$2.0K2025
Operating income56782-$13.6M in 2025
-$20.0M-$10.0M0$10.0M2019: $1.3M$1.3M20192020: $6.3M$6.3M2020+393%2021: -$13.0M-$13.0M20212022: -$14.9M-$14.9M2022+15%2023: -$12.1M-$12.1M2023−19%2024: -$11.3M-$11.3M2024−7%2025: -$13.6M-$13.6M2025+21%
Net income56782-$13.2M in 2025+189% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$4.6M-$4.6M20192020: -$7.2M-$7.2M2020+58%2021: -$17.2M-$17.2M2021+138%2022: -$15.0M-$15.0M2022−13%2023: -$11.3M-$11.3M2023−25%2024: -$11.1M-$11.1M2024−2%2025: -$13.2M-$13.2M2025+20%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenues$289.0K$0$0
Cost of revenues$287.0K$0$0
Gross Profit$2.0K$0$0
Research and development expenses$7.5M$6.3M$7.3M
General and administrative expenses$5.5M$4.2M$4.1M
Sales and marketing expenses$588.0K$754.0K$746.0K
Other expenses$9.0K$5.0K$4.0K
Operating loss$13.6M$11.3M$12.1M
Interest income from deposits-$64.0K-$172.0K-$318.0K
Finance expenses (income), net-$339.0K-$42.0K-$529.0K
Loss before tax$13.2M$11.1M$11.3M
Taxes on income$0$0$0
Total comprehensive and net loss$13.2M$11.1M$11.3M
Net loss per ordinary share, basic (in Dollars per share)-$0.45-$0.60-$0.93
Net loss per ordinary share, diluted (in Dollars per share)-$0.45-$0.60-$0.93
Weighted average number of ordinary shares outstanding basic (in Shares)29.6M shares18.5M shares12.1M shares
Weighted average number of ordinary shares outstanding diluted (in Shares)29.6M shares18.5M shares12.1M shares

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Corporate structure

QTREX Quantum Ltd. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of QTREX Quantum Ltd.

  • DAVIDSON KEMPNER CAPITAL MANAGEMENT LP Filed SCHEDULE 13G on QTREX Quantum Ltd., latest Aug 27, 2026
  • Joe Ronen Hayon Filed SCHEDULE 13G/A on QTREX Quantum Ltd., latest Jul 13, 2026 (8 filings since Feb 17, 2022)
  • ARMISTICE CAPITAL, LLC Filed SCHEDULE 13G on QTREX Quantum Ltd., latest May 15, 2026 (3 filings since Feb 14, 2024)
  • Dagi Shahar Ben-Noon Filed SCHEDULE 13G/A on QTREX Quantum Ltd., latest Mar 5, 2026 (4 filings since Feb 17, 2022)
  • QTREX Quantum Ltd. L3

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What QTREX Quantum Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$972.0K2 Dec 31, 2025$869.0K2 Dec 31, 2024+11.9%
Accumulated depreciation$520.0K2 Dec 31, 2025$370.0K2 Dec 31, 2024+40.5%
Property and equipment, net$452.0K2 Dec 31, 2025$499.0K2 Dec 31, 2024−9.4%
Operating-lease assets (leased space)$478.0K2 Dec 31, 2025$761.0K2 Dec 31, 2024−37.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.2M2 Dec 31, 2025$5.1M2 Dec 31, 2024−38.2%
Marketable securities, current$700.0K2 Dec 31, 2024$2.3M8 Dec 31, 2023−69.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$735.0K2 Dec 31, 2025$444.0K2 Dec 31, 2024+65.5%
Raw materials$208.0K2 Dec 31, 2025$96.0K2 Dec 31, 2024+116.7%
Work in process$66.0K2 Dec 31, 2025$55.0K2 Dec 31, 2024+20.0%
Finished goods$461.0K2 Dec 31, 2025$293.0K2 Dec 31, 2024+57.3%

Leadership

Who has led QTREX Quantum Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dagi Shahar Ben-Noon2026–now

Chief financial officer

  1. Yafit Tehila2026–now

Chief operating officer

  1. Abraham Shabtay2026–now
Board members and other officers (7)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Operations Officer and VP Research and DevelopmentAvi Shabtai named Jan 7, 202518
  • Chief Technology OfficerDaniella Yehezkely Hayon named Jan 7, 202518
  • President and DirectorJoe Hayon named Jan 7, 202518
  • Chairman of the Board of DirectorsBenad Goldwasser named Jan 7, 202518
  • DirectorLimor Rozen named Jan 7, 202518

Former names

  • Inspira Technologies OXY B.H.N. LtdDec 29, 2020 to May 19, 20263

Timeline

  1. Mar 19, 2026New chief executive Dagi Shahar Ben-Noon becomes CEO9

Filings

339 filings to the SEC since October 2021: 7 annual reports, 26 insider forms, 16 large holders, 1 private raises, 289 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Oct 13, 20264 EDGAR
  3. Oct 9, 20266-K EDGAR
  4. Oct 9, 20264 EDGAR
  5. Oct 1, 20266-K EDGAR
  6. Sep 29, 20264 EDGAR
  7. Sep 29, 20264/A EDGAR
  8. Sep 24, 20266-K EDGAR
  9. Sep 2, 20266-K EDGAR
  10. Sep 1, 20264 EDGAR
  11. Sep 1, 20264 EDGAR
  12. Sep 1, 20264 EDGAR
  13. Sep 1, 20264 EDGAR
  14. Aug 28, 20266-K EDGAR
  15. Aug 27, 2026SCHEDULE 13G EDGAR
  16. Aug 21, 2026424B5 EDGAR
  17. Aug 20, 20266-K EDGAR
  18. Aug 19, 20266-K EDGAR
  19. Aug 3, 20266-K EDGAR
  20. Jul 31, 2026EFFECT EDGAR

The 339 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 1 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 28, 2026Ben-Noon Dagi ShaharChief Executive OfficerBuy168,894$0.71$119.9KForm 4
Jun 1, 2026Tehila YafitChief Financial OfficerSale28,100$3.50$98.3KForm 4
May 29, 2026Yechezkely Hayon DaniellaChief Technology OfficerSale50,000$3.00$150.0KForm 4
May 29, 2026Tehila YafitChief Financial OfficerSale1,900$3.51$6.7KForm 4
May 28, 2026Tehila YafitChief Financial OfficerSale30,000$2.78$83.4KForm 4
May 27, 2026Tehila YafitChief Financial OfficerSale30,000$2.02$60.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 27, 2024Raised $8.3 million in a private offering of equity Form D: 12 investors so far Form D

SEC filer profile

How QTREX Quantum Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARQTREX Quantum Ltd.1
  • CIK0001837493
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inL34
  • Fiscal year endsDecember 311
  • Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business addressHatidhar 2, 11Th Floor, Ra'Anana, Israel1
  • Phone972-9-96644881
  • Shares outstanding35,949,247 shares as of Dec 31, 20254
  • AuditorZiv Haft, Tel-Aviv, Israel PCAOB ID 1185; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 29, 20201
  • Filings387 in all: 6-K (216), 144 (18), CORRESP (17), 4 (16), EFFECT (13), UPLOAD (13), 424B5 (12), 3 (9)1
    All 34 form types

    F-1/A (8), SCHEDULE 13G/A (8), POS AM (7), S-8 (6), 20-F (5), F-1 (4), F-3 (4), FWP (4), SC 13G (3), SC 13G/A (3), 20-F/A (2), 424B4 (2), 6-K/A (2), CERT (2), SCHEDULE 13G (2), 25-NSE (1), 4/A (1), 424B3 (1), 8-A12B (1), 8-A12B/A (1), D (1), DRS (1), DRS/A (1), DRSLTR (1), F-1MEF (1), F-3/A (1)

  • Latest filingsAnnual report (20-F) Mar 26, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, no par valueIINNNasdaq
Warrants to purchase Ordinary SharesIINNWNasdaq

From the cover page of the 20-F filed Mar 26, 2026 (Section 12(b) of the Exchange Act).4

Sources

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