S&P 500 7,500.58 ▲ 80.48 (+1.08%) DOW 51,564.70 ▲ 72.10 (+0.14%) NASDAQ 26,517.93 ▲ 496.23 (+1.91%) US Markets Closed â€ĸ 06:08 PM ET

QNTM

Quantum BioPharma Ltd.

Price Chart
Latest Quote

$3.80

-0.17 (-4.28%)
Current Price
Previous Close $3.97
Open $3.98
Day High $4.09
Day Low $3.70
Volume 166,356
Fetched: 2026-06-21T22:08:45
Stock Information
Shares Outstanding 6.40M
Total Debt $870K
Cash Equivalents $4.56M
Net Income $-31.16M
Sector Healthcare
Industry Biotechnology
Market Cap $24.31M
EPS (TTM) $-7.67
Exchange NCM
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📊 Comprehensive Analysis
Company Data
Enterprise Value$18.60M
Income$-31.16M
Book/sh$0.10
Cash/sh$0.71
Financial Ratios
Quick Ratio0.29
Current Ratio0.63
Returns & Margins
ROA-62.38%
ROE-2056.51%
Ownership
Insider Ownership12.36%
Institutional Ownership9.86%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-0.49
P/B37.25
Analyst Data
Recommendationnone
Target Price$12.31
Technical Indicators
SMA20$5.22
SMA50$4.93
SMA200$7.85
RSI11.17
ATR0.5815
Shares Float5.93M
Short Float7.10%
Short Ratio0.93
Volatility0.40
Rel Volume0.38
Performance History
Week-5.00%
Month-45.71%
Quarter+61.02%
6 Months-56.07%
YTD-45.79%
Year-85.23%
3 Years-94.87%
5 Years-96.99%
10 Years-99.66%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-18 $3.80 166,400
2026-06-17 $3.97 245,500
2026-06-16 $3.64 95,700
2026-06-15 $3.70 171,200
2026-06-12 $3.83 118,200
2026-06-11 $4.00 194,900
2026-06-10 $3.93 187,600
2026-06-09 $3.89 322,000
2026-06-08 $4.05 264,900
2026-06-05 $4.26 382,600
2026-06-04 $4.48 586,500
2026-06-03 $4.88 356,300
2026-06-02 $5.11 609,000
2026-06-01 $5.25 698,300
2026-05-29 $6.86 187,700
2026-05-28 $7.02 542,500
2026-05-27 $7.64 550,400
2026-05-26 $7.05 1,778,300
2026-05-22 $9.24 830,500
2026-05-21 $7.81 478,900
2026-05-20 $7.81 476,300
2026-05-19 $7.00 335,600
About Quantum BioPharma Ltd.

Quantum BioPharma Ltd., together with its subsidiaries, operates as a biopharmaceutical company. The company operates through two segments, Biopharmaceutical Innovation and Strategic Investments. It researches and develops a portfolio of assets and biotech solutions for the treatment of neurodegenerative, inflammatory and metabolic disorders, and alcohol misuse disorders with drug candidates in different stages of development. The company's lead compound is Lucid-MS, a patented new chemical entity that is in Phase 2 clinical trial to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. It also develops FSD-PEA, which is in preparation for Phase 2 trial for the treatment of inflammatory diseases, such as mast cell activation syndrome; Lucid-PSYCH to treat major depressive disorder; and unbuzzd, a dietary supplement for the treatment of alcohol misuse. In addition, the company maintains a portfolio of strategic investments comprising loans secured by residential property. The company was formerly known as FSD Pharma Inc. and changed its name to Quantum BioPharma Ltd., in August 2024. Quantum BioPharma Ltd. was founded in 1998 and is based in Toronto, Canada.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Total Revenue $0 $0 $0 $0
Operating Revenue $0 $0 $0 $0
Expenses
Interest Expense $618,640 $47,577 $299 $48,822
Total Expenses $15,317,409 $15,884,034 $19,570,114 $27,429,611
Other Income Expense $-11,256,875 $443,191 $553,462 $407,036
Other Non Operating Income Expenses $456,213 $3,989 $4,939,015 $119,453
Net Non Operating Interest Income Expense $-382,556 $525,314 $786,064 $318,913
Interest Expense Non Operating $618,640 $47,577 $299 $48,822
Operating Expense $15,317,409 $15,884,034 $19,570,114 $27,429,611
General And Administrative Expense $12,008,455 $9,310,085 $13,204,620 $15,981,352
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-26,175,286 $-14,202,724 $-17,902,179 $-26,703,662
Net Interest Income $-382,556 $525,314 $786,064 $318,913
Interest Income $236,084 $572,891 $786,363 $367,735
Normalized Income $-14,462,198 $-14,641,926 $-13,516,626 $-26,991,245
Net Income From Continuing And Discontinued Operation $-26,175,286 $-14,202,724 $-17,902,179 $-23,606,828
Total Operating Income As Reported $-15,302,374 $-16,136,260 $-23,789,498 $-27,429,611
Net Income Common Stockholders $-26,175,286 $-14,202,724 $-17,902,179 $-23,606,828
Net Income $-26,175,286 $-14,202,724 $-17,902,179 $-23,606,828
Net Income Including Noncontrolling Interests $-26,956,840 $-14,915,529 $-18,230,588 $-23,606,828
Net Income Continuous Operations $-26,956,840 $-14,915,529 $-18,230,588 $-26,703,662
Pretax Income $-26,956,840 $-14,915,529 $-18,230,588 $-26,703,662
Special Income Charges $43,336 $732,417 $-4,555,805 $0
Interest Income Non Operating $236,084 $572,891 $786,363 $367,735
Operating Income $-15,317,409 $-15,884,034 $-19,570,114 $-27,429,611
Depreciation Amortization Depletion Income Statement $545,780 $490,571 $2,506,316 $4,537,415
Depreciation And Amortization In Income Statement $545,780 $490,571 $2,506,316 $4,537,415
Net Income Discontinuous Operations - $0 $0 $3,096,834
Per Share
Diluted EPS $-8.20 $-13.12 $-29.93 $-39.61
Basic EPS $-8.20 $-13.12 $-29.93 $-39.61
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-14,079,332 $-14,816,583 $-11,338,420 $-22,405,008
Total Unusual Items $-11,713,088 $439,202 $-4,385,553 $287,583
Total Unusual Items Excluding Goodwill $-11,713,088 $439,202 $-4,385,553 $287,583
Reconciled Depreciation $545,780 $490,571 $2,506,316 $4,534,586
EBITDA (Bullshit earnings) $-25,792,420 $-14,377,381 $-15,723,973 $-22,117,425
EBIT $-26,338,200 $-14,867,952 $-18,230,289 $-26,654,840
Diluted Average Shares $3,285,876 $1,136,922 $609,056 $595,883
Basic Average Shares $3,285,876 $1,136,922 $609,056 $595,883
Diluted NI Availto Com Stockholders $-26,175,286 $-14,202,724 $-17,902,179 $-23,606,828
Minority Interests $781,554 $712,805 $328,409 $0
Other Special Charges $-43,336 $-732,417 - -
Impairment Of Capital Assets $0 $0 $4,555,805 $0
Gain On Sale Of Security $-11,756,424 $-293,215 $170,252 $287,583
Research And Development $2,763,174 $6,083,378 $3,859,178 $6,910,844
Selling General And Administration $12,008,455 $9,310,085 $13,204,620 $15,981,352
Other Gand A $6,858,634 $6,499,507 $7,514,058 $14,450,094
Salaries And Wages $5,149,821 $2,810,578 $5,690,562 $1,531,258
Fetched: 2026-06-19
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $2,411,268 $6,546,667 $7,881,076 $18,501,931
Total Assets $11,160,909 $17,119,224 $17,474,828 $38,410,656
Total Non Current Assets $4,682,556 $5,066,477 $6,389,523 $20,560,482
Goodwill And Other Intangible Assets $4,513,207 $4,933,871 $5,355,687 $12,040,289
Other Intangible Assets $4,513,207 $4,933,871 $5,355,687 $12,040,289
Current Assets $6,478,353 $12,052,747 $11,085,305 $17,850,174
Other Current Assets $2,213,575 $861,230 - -
Restricted Cash $1,601,865 $0 - -
Prepaid Assets $15,290 $69,036 $155,413 $472,137
Inventory $52,133 $117,242 $0 -
Receivables $231,053 $3,807,018 $7,416,752 $374,377
Other Receivables $54,764 $7,042 $3,703 -
Taxes Receivable $102,714 $367,480 $209,550 $279,333
Accrued Interest Receivable $73,575 $156 $15,511 $95,044
Loans Receivable $0 $3,432,340 $7,187,988 $0
Cash Cash Equivalents And Short Term Investments $2,364,437 $7,198,221 $3,513,140 $17,003,660
Cash And Cash Equivalents $1,905,357 $5,995,872 $2,757,040 $16,980,472
Non Current Note Receivables - $0 $907,366 $7,431,656
Investmentin Financial Assets - $2,224 $6,049 -
Non Current Accounts Receivable - - $907,366 -
Assets Held For Sale Current - - - $0
Cash Financial - - - -
Debt
Total Debt $1,876,211 $824,922 $339,199 $516,423
Current Debt And Capital Lease Obligation $1,876,211 $824,922 $339,199 $478,419
Current Debt $1,773,046 $771,142 $300,549 $300,549
Other Current Borrowings $472,497 $152,113 - -
Long Term Debt And Capital Lease Obligation - - $0 $38,004
Liabilities
Total Liabilities Net Minority Interest $6,058,294 $6,678,992 $4,565,566 $7,868,436
Total Non Current Liabilities Net Minority Interest $0 $0 $0 $38,004
Current Liabilities $6,058,294 $6,678,992 $4,565,566 $7,830,432
Current Deferred Liabilities $0 $1,000,000 $0 -
Current Notes Payable $1,300,549 $619,029 $300,549 $300,549
Payables And Accrued Expenses $4,182,083 $4,362,068 $4,195,029 $7,108,419
Interest Payable $409,193 $409,193 $409,193 $409,193
Payables $1,981,851 $3,254,838 $3,240,658 $2,760,002
Accounts Payable $1,981,851 $3,254,838 $3,240,658 $2,760,002
Other Current Liabilities - $492,002 $31,338 $243,594
Other Payable - - - -
Equity
Common Stock Equity $6,924,475 $11,480,538 $13,236,763 $30,542,220
Total Equity Gross Minority Interest $5,102,615 $10,440,232 $12,909,262 $30,542,220
Stockholders Equity $6,924,475 $11,480,538 $13,236,763 $30,542,220
Other Equity Interest $10,009 $1,997,759 $2,723,356 $2,142,400
Gains Losses Not Affecting Retained Earnings $91,533 $50,795 $417,341 $652,601
Retained Earnings $-198,286,170 $-172,110,884 $-157,908,160 $-144,164,265
Other
Ordinary Shares Number $3,887,771 $2,299,514 $605,796 $592,373
Share Issued $3,887,771 $2,299,514 $605,796 $592,373
Tangible Book Value $2,411,268 $6,546,667 $7,881,076 $18,501,931
Invested Capital $8,697,521 $12,251,680 $13,537,312 $30,842,769
Working Capital $420,059 $5,373,755 $6,519,739 $10,019,742
Capital Lease Obligations $103,165 $53,780 $38,650 $215,874
Total Capitalization $6,924,475 $11,480,538 $13,236,763 $30,542,220
Minority Interest $-1,821,860 $-1,040,306 $-327,501 $0
Foreign Currency Translation Adjustments $91,533 $50,795 $417,341 $652,601
Additional Paid In Capital $35,405,812 $31,072,543 $30,225,741 $28,500,924
Capital Stock $169,703,291 $150,470,325 $137,778,485 $143,410,560
Common Stock $169,703,291 $150,470,325 $137,778,485 $143,410,560
Current Deferred Revenue $0 $1,000,000 $0 -
Current Capital Lease Obligation $103,165 $53,780 $38,650 $177,870
Current Accrued Expenses $2,200,232 $1,107,230 $954,371 $4,348,417
Investments And Advances $0 $2,224 $6,049 $827,612
Other Investments $0 $2,224 $6,049 $827,612
Net PPE $169,349 $130,382 $120,421 $260,925
Gross PPE $169,349 $130,382 $120,421 $260,925
Other Properties $169,349 $130,382 $120,421 $260,925
Finished Goods $18,306 $65,269 - -
Raw Materials $33,827 $51,973 - -
Other Short Term Investments $459,080 $1,202,349 $756,100 $23,188
Available For Sale Securities - $2,224 $6,049 -
Treasury Shares Number - - $0 -
Long Term Capital Lease Obligation - - $0 $38,004
Pensionand Other Post Retirement Benefit Plans Current - - - $0
Fetched: 2026-06-19
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-8,237,012 $-6,876,479 $-10,827,264 $-28,697,231
Operating Activities
Operating Cash Flow $-8,237,012 $-6,876,479 $-10,827,264 $-28,333,273
Cash Flow From Continuing Operating Activities $-8,237,012 $-6,876,479 $-10,827,264 $-27,190,291
Operating Gains Losses $10,595,884 $-2,529,742 $-5,534,785 $292,838
Cash From Discontinued Operating Activities - $0 $0 $-1,142,982
Investing Activities
Investing Cash Flow $-1,952,469 $-1,503,559 $-269,579 $12,123,408
Cash Flow From Continuing Investing Activities $-1,952,469 $-1,503,559 $-269,579 $-607,534
Cash From Discontinued Investing Activities - $0 $0 $12,730,942
Capital Expenditure - - - $-363,958
Financing Activities
Repurchase Of Capital Stock $0 $0 $-2,957,816 $-1,926,237
Issuance Of Capital Stock $338,331 $10,670,618 $34 $0
Financing Cash Flow $6,098,966 $11,618,870 $-3,126,589 $-2,069,308
Cash Flow From Continuing Financing Activities $6,098,966 $11,618,870 $-3,126,589 $-2,069,308
Net Other Financing Charges $326,603 - - -
Net Common Stock Issuance $338,331 $10,670,618 $-2,957,782 $-1,926,237
Common Stock Issuance $338,331 $10,670,618 $34 $0
Cash From Discontinued Financing Activities - - - $0
Other
Repayment Of Debt $-113,862 $-63,586 $-189,054 $-143,071
Issuance Of Debt $5,356,551 $1,011,838 $0 $0
End Cash Position $1,905,357 $5,995,872 $2,757,040 $16,980,472
Beginning Cash Position $5,995,872 $2,757,040 $16,980,472 $35,259,645
Changes In Cash $-4,090,515 $3,238,832 $-14,223,432 $-18,279,173
Proceeds From Stock Option Exercised $191,343 $0 $20,247 $0
Common Stock Payments $0 $0 $-2,957,816 $-1,926,237
Net Issuance Payments Of Debt $5,242,689 $948,252 $-189,054 $-143,071
Net Short Term Debt Issuance $5,356,551 $1,011,838 $0 $0
Short Term Debt Issuance $5,356,551 $1,011,838 $0 $0
Net Long Term Debt Issuance $-113,862 $-63,586 $-189,054 $-143,071
Long Term Debt Payments $-113,862 $-63,586 $-189,054 $-143,071
Net Investment Purchase And Sale $-1,952,469 $-1,503,559 $-301,362 $-243,576
Sale Of Investment $4,142,432 $6,189,077 $443,138 $158,036
Purchase Of Investment $-6,094,901 $-7,692,636 $-744,500 $-401,612
Net Business Purchase And Sale $0 $0 $31,783 $0
Sale Of Business $0 $0 $31,783 $0
Change In Working Capital $1,985,030 $9,756,632 $1,637,800 $-7,120,329
Change In Other Working Capital $-1,000,000 $1,000,000 - -
Change In Payables And Accrued Expense $1,178,497 $4,270,397 $2,049,799 $-699,778
Change In Payable $1,178,497 $4,270,397 $2,049,799 $-699,778
Change In Prepaid Assets $53,746 $86,377 $316,724 $795,930
Change In Inventory $65,109 $-117,242 $0 $0
Change In Receivables $1,687,678 $4,517,100 $-728,723 $-7,216,481
Other Non Cash Items $2,133,725 $23,903 $24,288 $40,792
Stock Based Compensation $2,945,502 $152,214 $3,835,475 $1,531,258
Unrealized Gain Loss On Investment Securities $513,907 $145,472 $378,425 $234,226
Asset Impairment Charge $0 $0 $4,555,805 $0
Depreciation Amortization Depletion $545,780 $490,571 $2,506,316 $4,534,586
Depreciation And Amortization $545,780 $490,571 $2,506,316 $4,534,586
Gain Loss On Investment Securities $11,140,416 $-104,483 $-5,151,271 $-641,262
Net Foreign Currency Exchange Gain Loss $-501,196 $-1,692,842 $-383,514 $934,100
Net Income From Continuing Operations $-26,956,840 $-14,915,529 $-18,230,588 $-26,703,662
Net Intangibles Purchase And Sale - $0 $0 $-250,000
Purchase Of Intangibles - $0 $0 $-250,000
Net PPE Purchase And Sale - $0 $0 $-113,958
Purchase Of PPE - $0 $0 $-113,958
Short Term Debt Payments - - $0 $0
Depreciation - - - -
Fetched: 2026-06-19