Quarterhill Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $43.2 million, up 9% year-over-year, highest since 2022
- ➤Adjusted EBITDA $3.9 million versus $1.4 million year-over-year
- ➤Net loss widened to $16.5 million, or $0.13 per share
- ➤Gross margin expanded to 29% from 26% year-over-year
- ➤CAD$57.5 million convertible debentures repaid in full October 30
Expert Statements
Chuck Myers, Chief Executive Officer of Quarterhill
“We delivered another solid quarter of progress, with our highest quarterly revenue since 2022, year-over-year gross margin expansion, and our fifth consecutive quarter of positive Adjusted EBITDA”
Chuck Myers, Chief Executive Officer of Quarterhill
“These results reflect the improvements we have made in our core operations and our continued focus on disciplined execution.”
Chuck Myers, Chief Executive Officer of Quarterhill
“Key contract wins with ITD, PennDOT, and LA Metro highlight the commercial momentum we are building and the strength of our growing pipeline.”
Chuck Myers, Chief Executive Officer of Quarterhill
“We believe these awards also demonstrate the depth of our customer relationships and the continued demand for our solutions.”
Chuck Myers, Chief Executive Officer of Quarterhill
“Following the quarter, we repaid our outstanding convertible debentures in full, significantly strengthening our balance sheet and simplifying our capital structure.”
Chuck Myers, Chief Executive Officer of Quarterhill
“We are continuing to work towards closing the previously-announced Conduent tolling acquisition, which remains subject to the satisfaction of customary and negotiated closing conditions, including receipt of TSX approval.”
Quarterhill Reports Third Quarter 2026 Financial Results PR Newswire
TORONTO, Nov. 10, 2026 /PRNewswire/ -- Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading technology innovator providing next-generation, AI-driven Intelligent Transportation System ("ITS") solutions, today reported financial results for the third quarter ended September 30, 2026. All financial information in this press release is reported in USD unless otherwise indicated.
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