Income Statement Quebec Rare Earth Elements Corp. OTC Markets

Stocks

QQREF

CA7481621042

Non-Gold Precious Metals & Minerals

Market Closed - OTC Markets Other stock markets 10:12:00 29/06/2026 pm IST			5-day change	1st Jan Change
0.0752 ^USD	-22.33%		-22.31%	+4.44%

17/03	Quebec Rare Earth Elements Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2026	CI
13/01	Quebec Rare Earth Elements Corp. Enters into an Option Agreement to Acquire the Moose Ree Project	CI

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Published financial data: QUEBEC RARE EARTH ELEMENTS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Cost of Goods Sold, Total	57.5T	30.46T	-	-	-
Gross Profit	-57.5T	-30.46T	-	-	-
Selling General & Admin Expenses, Total	7L	11.23L	3L	2L	77.2T
Exploration / Drilling Costs, Total	-	-	-	-	-
Provision for Bad Debts	-	2.7T	-	-	-
Stock-Based Compensation (IS)	2L	8L	-	-	6L
Impairment of Oil, Gas & Mineral Properties - (IS)	3L	13.04L	81.94L	25T	-
Other Operating Expenses	-	4T	-	-	-
Other Operating Expenses, Total	12.34L	32.62L	85.3L	2L	7L
Operating Income	-12.92L	-32.92L	-85.3L	-2L	-7L
Interest Expense, Total	-16.64T	-20.61T	-	-600	-1.4T
Interest And Investment Income	28.05T	5.18T	4.58T	2.2T	-
Net Interest Expenses	11.4T	-15.43T	4.58T	1.6T	-1.4T
Currency Exchange Gains (Loss)	-8	-510	-42	-	-
Other Non Operating Income (Expenses)	-42T	2L	-2L	-61.8T	4.4T
EBT, Excl. Unusual Items	-13.22L	-31.02L	-87.49L	-2L	-7L
Gain (Loss) On Sale Of Assets	-	-2L	-	-	-
Asset Writedown	-16.59L	-	-	-	-
Other Unusual Items	65.62T	2.5T	-	28.7T	-
EBT, Incl. Unusual Items	-29.16L	-33.31L	-87.49L	-2L	-7L
Earnings From Continuing Operations	-29.16L	-33.31L	-87.49L	-2L	-7L
Net Income to Company	-29.16L	-33.31L	-87.49L	-2L	-7L
Net Income - (IS)	-29.16L	-33.31L	-87.49L	-2L	-7L
Net Income to Common Incl Extra Items	-29.16L	-33.31L	-87.49L	-2L	-7L
Net Income to Common Excl. Extra Items	-29.16L	-33.31L	-87.49L	-2L	-7L
Per Share Items
Net EPS - Basic	-0.5	-0.26	-0.53	-0.01	-0.01
Basic EPS - Continuing Operations	-0.5	-0.26	-0.53	-0.01	-0.01
Basic Weighted Average Shares Outstanding	58.52L	1.3Cr	1.65Cr	4.06Cr	4.96Cr
Net EPS - Diluted	-0.5	-0.26	-0.53	-0.01	-0.01
Diluted EPS - Continuing Operations	-0.5	-0.26	-0.53	-0.01	-0.01
Diluted Weighted Average Shares Outstanding	58.52L	1.3Cr	1.65Cr	4.06Cr	4.96Cr
Normalized Basic EPS	-0.14	-0.15	-0.33	-0	-0.01
Normalized Diluted EPS	-0.14	-0.15	-0.33	-0	-0.01
Supplemental Items
EBITDA	-10.03L	-19.25L	-3L	-2L	-7L
EBITA	-12.92L	-32.88L	-85.3L	-2L	-7L
EBIT	-12.92L	-32.92L	-85.3L	-2L	-7L
Normalized Net Income	-8L	-19.39L	-54.68L	-1L	-4L
Supplemental Operating Expense Items
Marketing Expenses	2L	2L	-	-	-
Selling and Marketing Expenses	2L	2L	-	-	-
General and Administrative Expenses	6L	9L	3L	2L	77.2T
Exploration/Drilling Costs	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	2L	8L	-	-	6L
Total Stock-Based Compensation	2L	8L	-	-	6L

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	18.34L	9L	2L	71.5T	6L
Total Cash And Short Term Investments	18.34L	9L	2L	71.5T	6L
Other Receivables	1L	2L	26.44T	2.5T	13.6T
Notes Receivable	-	54.95T	-	-	-
Total Receivables	1L	2L	26.44T	2.5T	13.6T
Prepaid Expenses	20.47T	51.5T	4.12T	4.4T	3.8T
Other Current Assets, Total	-	-	15.19T	-	-
Total Current Assets	19.62L	11.3L	3L	78.4T	6L
Gross Property Plant And Equipment	77.7L	78.64L	29.05L	49.27L	51.96L
Net Property Plant And Equipment	77.7L	78.64L	29.05L	49.27L	51.96L
Other Long-Term Assets, Total	7L	-	-	-	-
Total Assets	1.05Cr	89.94L	31.62L	50.06L	58.37L
Liabilities
Accounts Payable, Total	4L	1L	1L	1L	45.9T
Accrued Expenses, Total	11.13T	54.13T	6.52T	-	-
Short-term Borrowings	35.8T	38.44T	10.88T	11.5T	12.2T
Unearned Revenue Current, Total	1L	6.77T	-	-	28.8T
Other Current Liabilities	-	-40T	-	-	-
Total Current Liabilities	5L	2L	1L	2L	86.9T
Other Non Current Liabilities	13.66L	-	-	-	-
Total Liabilities	19.06L	2L	1L	2L	86.9T
Common Stock, Total	4.17Cr	4.44Cr	4.74Cr	4.94Cr	5.04Cr
Retained Earnings	-3.53Cr	-3.86Cr	-4.74Cr	-4.76Cr	-4.82Cr
Comprehensive Income and Other	21.53L	30.23L	30.23L	30.23L	36.22L
Total Common Equity	85.55L	88.33L	30.26L	48.48L	57.5L
Total Equity	85.55L	88.33L	30.26L	48.48L	57.5L
Total Liabilities And Equity	1.05Cr	89.94L	31.62L	50.06L	58.37L
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.27Cr	1.46Cr	4.06Cr	5.02Cr	5.03Cr
ECS Total Common Shares Outstanding	1.16Cr	1.44Cr	3.26Cr	4.37Cr	5.03Cr
Book Value / Share	0.74	0.61	0.09	0.11	0.11
Tangible Book Value	85.55L	88.33L	30.26L	48.48L	57.5L
Tangible Book Value Per Share	0.74	0.61	0.09	0.11	0.11
Total Debt	35.8T	38.44T	10.88T	11.5T	12.2T
Net Debt	-17.98L	-8L	-2L	-60T	-6L
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	10.24L	-	-	-	-

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	-29.16L	-33.31L	-87.49L	-2L	-7L
Amortization of Goodwill and Intangible Assets - (CF)	-	4T	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	3L	13.63L	81.94L	25T	-
Depreciation & Amortization, Total	3L	13.67L	81.94L	25T	-
(Gain) Loss From Sale Of Asset	-	2L	-	-	-
Asset Writedown & Restructuring Costs	16.59L	-	-	-	-
Stock-Based Compensation (CF)	2L	8L	-	-	6L
Provision and Write-off of Bad Debts	-	2.7T	-	-	-
Other Operating Activities, Total	-87.52T	-3L	2L	-28.1T	-39T
Change In Accounts Receivable	-85.84T	67.75T	18.41T	23.9T	-11.1T
Change In Accounts Payable	51.66T	-33.03T	16.91T	56T	-1L
Change in Other Net Operating Assets	-68.93T	-28.03T	24.58T	8.4T	600
Cash from Operations	-9L	-11.45L	-3L	-1L	-2L
Capital Expenditure	-5L	-20.57L	-3L	-6.4T	-3L
Cash Acquisitions	-75T	-	-	-	-
Divestitures	-	-9.72T	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-50T	-	-	-
Other Investing Activities, Total	-	-	-	-10T	-
Cash from Investing	-6L	-21.17L	-3L	-16.4T	-3L
Short Term Debt Issued, Total	65T	-	-	-	-
Total Debt Issued	65T	-	-	-	-
Short Term Debt Repaid, Total	-2L	-	-25T	-	-
Total Debt Repaid	-2L	-	-25T	-	-
Issuance of Common Stock	34.71L	23.01L	-	-	10.41L
Other Financing Activities, Total	-69.02T	-6.4T	-	-400	-4.7T
Cash from Financing	32.37L	22.95L	-25T	-400	10.37L
Net Change in Cash	17.2L	-10L	-7L	-1L	6L
Supplemental Items
Cash Interest Paid	2.95T	-	-	-	-
Levered Free Cash Flow	-9L	-24.49L	27.9L	-32.74T	-2L
Unlevered Free Cash Flow	-9L	-24.36L	27.9L	-32.36T	-2L
Change In Net Working Capital	1L	5L	-2L	-59.6T	81.6T
Net Debt Issued / Repaid	-2L	-	-25T	-	-

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	-10.3	-21.15	-87.71	-2.71	-7.8
Return on Total Capital	-13.61	-23.57	-89.53	-2.8	-7.96
Return On Equity %	-50.13	-38.31	-147.54	-5.29	-12.71
Return on Common Equity	-50.13	-38.31	-147.54	-5.29	-12.71
Short Term Liquidity
Current Ratio	3.63	7.02	1.89	0.5	7.38
Quick Ratio	3.59	6.36	1.75	0.47	7.34
Operating Cash Flow to Current Liabilities	-1.75	-7.11	-2.48	-0.78	-2.59
Average Days Payable Outstanding	2.62T	2.72T	-	-	-
Long Term Solvency
Total Debt/Equity	0.42	0.44	0.36	0.24	0.21
Total Debt / Total Capital	0.42	0.43	0.36	0.24	0.21
Total Liabilities / Total Assets	18.22	1.79	4.3	3.14	1.49
EBIT / Interest Expense	-77.62	-159.73	-	-294.83	-483.21
EBITDA / Interest Expense	-60.27	-93.38	-	-253.17	-465.36
(EBITDA - Capex) / Interest Expense	-89.96	-193.21	-	-263.83	-650.64
Total Debt / EBITDA	-0.04	-0.02	-0.03	-0.08	-0.02
Net Debt / EBITDA	1.79	0.43	0.6	0.39	0.94
Total Debt / (EBITDA - Capex)	-0.02	-0.01	-0.02	-0.07	-0.01
Net Debt / (EBITDA - Capex)	1.2	0.21	0.32	0.38	0.67
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	-45.7	-47.02	-	-	-
EBITDA, 1 Yr. Growth %	-35.46	91.88	-82.56	-54.75	328.9
EBITA, 1 Yr. Growth %	-51.74	154.54	159.41	-97.93	282.42
EBIT, 1 Yr. Growth %	-51.81	154.85	159.09	-97.93	282.42
Earnings From Cont. Operations, 1 Yr. Growth %	51.77	14.24	162.63	-97.62	223.18
Net Income, 1 Yr. Growth %	51.77	14.24	162.63	-97.62	223.18
Normalized Net Income, 1 Yr. Growth %	-51.35	134.57	182.04	-97.29	184.06
Diluted EPS Before Extra, 1 Yr. Growth %	-44.81	-48.72	107.08	-99.03	164.23
Net Property, Plant and Equip., 1 Yr. Growth %	78.91	1.21	-63.06	69.62	5.45
Total Assets, 1 Yr. Growth %	100.55	-14.03	-64.84	58.3	16.61
Tangible Book Value, 1 Yr. Growth %	177.87	3.25	-65.74	60.21	18.6
Common Equity, 1 Yr. Growth %	177.87	3.25	-65.74	60.21	18.6
Cash From Operations, 1 Yr. Growth %	70.38	20.77	-70.54	-63.46	82.55
Capital Expenditures, 1 Yr. Growth %	66.31	316.37	-85.74	-97.82	1.48T
Levered Free Cash Flow, 1 Yr. Growth %	52.63	158.12	-213.9	-101.17	290.41
Unlevered Free Cash Flow, 1 Yr. Growth %	52.13	159.61	-214.5	-101.16	288.34
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-	-46.36	-	-	-
EBITDA, 2 Yr. CAGR %	-39.44	11.28	-42.15	-71.91	39.31
EBITA, 2 Yr. CAGR %	-66.72	10.83	156.96	-76.81	-71.84
EBIT, 2 Yr. CAGR %	-66.72	10.82	156.96	-76.82	-71.84
Earnings From Cont. Operations, 2 Yr. CAGR %	-50.39	31.67	73.21	-74.99	-72.25
Net Income, 2 Yr. CAGR %	-50.39	31.67	73.21	-74.99	-72.25
Normalized Net Income, 2 Yr. CAGR %	-66.59	6.83	157.21	-72.35	-72.25
Diluted EPS Before Extra, 2 Yr. CAGR %	-76.43	-46.81	3.04	-85.82	-83.99
Net Property, Plant and Equip., 2 Yr. CAGR %	23.38	34.57	-38.85	-20.84	33.74
Total Assets, 2 Yr. CAGR %	19.62	31.31	-45.02	-25.4	35.87
Tangible Book Value, 2 Yr. CAGR %	37.5	69.38	-40.52	-25.91	37.85
Common Equity, 2 Yr. CAGR %	37.5	69.38	-40.52	-25.91	37.85
Cash From Operations, 2 Yr. CAGR %	-13.26	43.45	-40.35	-67.19	-18.33
Capital Expenditures, 2 Yr. CAGR %	-59.55	163.15	-22.95	-94.42	-5.97
Levered Free Cash Flow, 2 Yr. CAGR %	71.74	98.49	71.46	-88.44	-75.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	70.95	98.73	72.41	-88.47	-75.72
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-32.4	-11.05	-40	-46.7	-30.31
EBITA, 3 Yr. CAGR %	8.74	-34.43	47.15	-48.46	-40.97
EBIT, 3 Yr. CAGR %	8.74	-34.41	47.08	-48.46	-40.99
Earnings From Cont. Operations, 3 Yr. CAGR %	38.23	-34.49	65.75	-58.5	-41.31
Net Income, 3 Yr. CAGR %	38.23	-34.49	65.75	-58.5	-41.31
Normalized Net Income, 3 Yr. CAGR %	6.2	-36.03	47.65	-43.61	-39.9
Diluted EPS Before Extra, 3 Yr. CAGR %	-38.28	-69.46	-16.32	-78.24	-62.41
Net Property, Plant and Equip., 3 Yr. CAGR %	14.9	15.5	-12.54	-14.08	-12.9
Total Assets, 3 Yr. CAGR %	17.85	7.15	-15.37	-21.78	-13.42
Tangible Book Value, 3 Yr. CAGR %	11.23	24.98	-0.57	-17.25	-13.33
Common Equity, 3 Yr. CAGR %	11.23	24.98	-0.57	-17.25	-13.33
Cash From Operations, 3 Yr. CAGR %	-3.75	-3.14	-15.37	-49.34	-41.87
Capital Expenditures, 3 Yr. CAGR %	0.66	-12.01	-0.42	-76.52	-49.86
Levered Free Cash Flow, 3 Yr. CAGR %	-3.96	96.72	64.94	-67.45	-59.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.32	96.49	65.37	-67.45	-59.28
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	44.2	-36.49	-43.9	-15.96
EBITA, 5 Yr. CAGR %	38.52	-6.33	53.39	-56.73	-24.05
EBIT, 5 Yr. CAGR %	38.52	-6.31	53.39	-56.73	-24.07
Earnings From Cont. Operations, 5 Yr. CAGR %	64.75	-6.28	51.28	-55.43	-18.91
Net Income, 5 Yr. CAGR %	64.75	-6.28	51.28	-55.43	-18.91
Normalized Net Income, 5 Yr. CAGR %	34.86	-7.61	51.28	-54.26	-24.35
Diluted EPS Before Extra, 5 Yr. CAGR %	-22.86	-60.56	-24.24	-77.54	-56.81
Net Property, Plant and Equip., 5 Yr. CAGR %	12.86	-	-10.72	-0.7	3.65
Total Assets, 5 Yr. CAGR %	19.71	58.85	-13.13	-7.3	2.27
Tangible Book Value, 5 Yr. CAGR %	16.17	69.06	-13.41	1.39	13.31
Common Equity, 5 Yr. CAGR %	16.17	69.06	-13.41	1.39	13.31
Cash From Operations, 5 Yr. CAGR %	24.54	29.76	-20.52	-37.19	-16.57
Capital Expenditures, 5 Yr. CAGR %	1.04	197.42	-9.54	-70.81	-2.68
Levered Free Cash Flow, 5 Yr. CAGR %	-3.05	11.25	21.1	-36.68	-23.27
Unlevered Free Cash Flow, 5 Yr. CAGR %	-3.26	11.13	21.1	-36.81	-23.23