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Gross Margin by Segment
Shows the profitability of each business unit after accounting for production costs, indicating efficiency and pricing power within each segment.Product gross margins have deteriorated sharply through 2024–25 as instrument sales soften and inventory adjustments/upgrade credits compress mix, signaling weak near‑term economics for capital revenue. Service (consumables) margins are recovering, buoyed by placement wins and management’s forecasted >25% kit‑run growth, which points to a path toward steadier, recurring revenue margins. That said, the planned inventory build and Proteus commercialization are a double‑edged sword: they could restore scale and margins if execution succeeds, but manufacturing, preorders and constrained 2026 capital sales keep near‑term margin risk elevated.
Date | Product | Service |
|---|---|---|
Jun 30, 2026 | 45.20 | 100.00 |
Mar 31, 2026 | 18.10 | 83.30 |
Dec 31, 2025 | 20.72 | 100.00 |
Sep 30, 2025 | 30.10 | 89.40 |
Jun 30, 2025 | 58.78 | 69.70 |
Mar 31, 2025 | 58.29 | 44.12 |
Dec 31, 2024 | 50.48 | 69.77 |
Sep 30, 2024 | 100.00 | 100.00 |
Jun 30, 2024 | 57.36 | 50.00 |
Mar 31, 2024 | 60.28 | 37.93 |