Questor Technology (QST) AI Stock Analysis

• Market Cap: C$10.55M
• Dividend Yield: N/A
• Average Volume (3M): 30.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• Revenue Growth: 87.15%
• EPS Growth: 47.74%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): -0.05
• Shares Outstanding: 27,773,123
• 10 Day Avg. Volume: 46,026
• 30 Day Avg. Volume: 30,889
• PEG Ratio: 0.12
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 2.46
• P/FCF Ratio: -1.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.06
• Revenue Forecast (FY): C$10.00M

• Rating: 44 Neutral
• Price Target: C$0.37 ▼(-22.29% Downside)
• Action: Reiterated Date: 01/31/26
• Date: Action: Reiterated 01/31/26

The score is held down primarily by weak financial performance (losses, declining revenue, and cash flow deterioration). Technicals also remain soft with the price below major moving averages and below-neutral RSI, while valuation is difficult to assess due to the negative P/E and отсутствing dividend yield data.

Positive Factors

Low leverage (debt-to-equity 0.046)

Very low leverage gives Questor structural financial flexibility over the medium term. It reduces default and refinancing risk, supports investment in equipment and service networks, and allows the firm to fund deployment or absorb cyclical oil & gas downturns without heavy interest burdens.

Healthy gross margins (~45%)

A roughly 45% gross margin indicates the core combustion technology earns meaningful premium over direct costs. That margin provides a durable buffer to cover fixed overhead, support R&D and service expansion, and enables potential profitability as sales scale and operational inefficiencies are addressed.

Patented tech and recurring service revenue

Questor’s patented combustion units, leasing model and recurring service contracts create a structurally sticky revenue mix. Combined with partnerships and regulatory-driven demand for emissions solutions, this supports long-term customer retention, predictable cash streams and opportunities for upselling services.

Negative Factors

Declining revenue and negative net income

Sustained revenue decline and ongoing net losses erode the firm’s ability to self-fund growth. Over months this weakens competitive positioning, hinders scaling of manufacturing and service operations, and risks losing share to better-capitalized competitors if trends persist.

Weak cash generation and falling free cash flow

Material FCF deterioration and OCF that covers less than half of losses limit capacity to invest in capital-intensive equipment, support leasing programs, or expand service capacity. This increases reliance on external funding, which may dilute shareholders or slow strategic initiatives over time.

Negative ROE and weak operating margins

Negative ROE and persistently negative operating margins signal inability to translate strong gross margins into shareholder returns. Structural inefficiencies, pricing limits, or elevated overhead could prevent sustainable profitability and constrain long-term capital allocation and shareholder value creation.

Questor Technology Business Overview & Revenue Model

Company Description

Questor Technology Inc. (QST) is a Canadian company specializing in innovative waste management and energy solutions. The company operates primarily in the oil and gas sector, providing advanced technology for the efficient and environmentally friendly combustion of waste gases. Questor's core products and services include their patented combustion units that reduce emissions and recover energy from waste, as well as consulting services related to waste management optimization.

How the Company Makes Money

Questor Technology generates revenue through the sale and leasing of its patented combustion units and associated technologies to clients in the oil and gas industry. The company also earns money through service contracts that include installation, maintenance, and consulting for waste management systems. Key revenue streams include the sale of equipment and technology solutions, recurring service fees, and potentially revenue-sharing agreements with clients that monetize the energy recovered from waste gases. Significant partnerships with major oil and gas companies and regulatory compliance initiatives further contribute to its earnings by enhancing market demand for efficient waste management solutions.

Questor Technology Financial Statement Overview

Summary

Overall financials are weak: the company has negative net income (net margin -11.05%) and declining revenue (-5.54%). Cash generation is also challenged with negative free cash flow growth (-38.69%) and operating cash flow not covering losses (OCF to net income 0.46). The main offset is a low debt load (debt-to-equity 0.046), but negative ROE (-4.24%) highlights poor returns.

Income Statement

Questor Technology's income statement shows a challenging financial position with negative net income and declining revenue. The TTM data indicates a gross profit margin of 45.16%, which is a positive aspect, but the net profit margin is negative at -11.05%, reflecting ongoing losses. Revenue has decreased by 5.54% compared to the previous period, and EBIT and EBITDA margins are also negative, indicating operational inefficiencies.

Balance Sheet

The balance sheet reflects a stable debt-to-equity ratio of 0.046, suggesting low leverage, which is a positive sign. However, the return on equity is negative at -4.24%, indicating that the company is not generating sufficient returns on its equity. The equity ratio is healthy, showing that the company is primarily financed through equity rather than debt.

Cash Flow

The cash flow statement reveals a negative free cash flow growth rate of -38.69%, highlighting cash flow challenges. The operating cash flow to net income ratio is 0.46, indicating that operating cash flow is not sufficient to cover net losses. The free cash flow to net income ratio is negative, suggesting that the company is struggling to generate positive cash flow from its operations.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.84M	4.52M	7.19M	8.38M	5.50M	9.21M
Gross Profit	3.18M	1.23M	2.73M	2.03M	-999.21K	1.81M
EBITDA	342.14K	-1.47M	544.96K	-64.56K	-2.77M	496.75K
Net Income	-1.59M	-3.23M	-4.81M	-1.73M	-3.99M	-1.83M
Balance Sheet
Total Assets	23.48M	24.09M	27.13M	33.87M	35.05M	38.01M
Cash, Cash Equivalents and Short-Term Investments	5.25M	6.93M	12.51M	15.20M	14.66M	16.31M
Total Debt	895.20K	1.24M	826.65K	536.89K	623.60K	446.37K
Total Liabilities	2.77M	2.98M	2.77M	4.68M	4.57M	4.03M
Stockholders Equity	20.71M	21.11M	24.36M	29.19M	30.48M	33.99M
Cash Flow
Free Cash Flow	-1.13M	-6.38M	-2.47M	-144.92K	-1.76M	2.16M
Operating Cash Flow	574.23K	-1.84M	149.10K	1.52M	-1.13M	2.31M
Investing Cash Flow	-1.87M	2.24M	-4.12M	-7.90M	-601.84K	-142.01K
Financing Cash Flow	758.36K	472.36K	-621.33K	637.82K	87.54K	920.80K

Questor Technology Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.48
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QST, the sentiment is Positive. The current price of 0.48 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.38, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 55.65 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:QST.

Questor Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GRN	63 Neutral	C$39.50M	749.48	10.00%	―	-30.45%	―
TMG	59 Neutral	C$28.17M	9.22	-1.51%	―	-3.45%	-104.92%
DST	49 Neutral	C$6.10M	-14.31	―	―	-27.49%	-32.97%
RGEN	47 Neutral	C$3.17M	-0.74	―	―	―	―
QST	44 Neutral	C$10.55M	-3.39	-7.42%	―	87.15%	47.74%
SHRC	42 Neutral	C$18.06M	-4.72	―	―	14.18%	-29.19%

Questor Technology Corporate Events

Questor Technology Reports Mixed Q3 Results Amid International Expansion

Questor Technology Inc. reported its third-quarter financial results for 2025, revealing a decline in quarterly revenue compared to the previous year due to longer sales cycles and commissioning delays in international projects. Despite this, the company achieved significant revenue growth over the nine-month period, driven by international equipment sales and a focus on cost management. Questor is also progressing with the construction of a waste heat to power prototype and has secured a $9 million contract for clean combustion solutions in Mexico, which is expected to enhance its market position and contribute to environmental sustainability efforts.

The most recent analyst rating on (TSE:QST) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Questor Technology stock, see the TSE:QST Stock Forecast page.