QuoteMedia Q2 Results: Revenue rises 11% to $5.45 million
QuoteMedia Inc delivered Q2 2026 results with revenue rising 11% YoY to $5.45 million. Gross margin expanded to 50%, and adjusted EBITDA surged to $241,243. Net loss narrowed to $362,447, aided by operational improvements despite high amortization charges.
*this image is generated using AI for illustrative purposes only.
QuoteMedia Inc (OTCQB: QMCI) reported an 11% year-over-year revenue increase for the quarter ended June 30, 2026, driven by growing demand for its market data and technology solutions. The Phoenix-based provider saw top-line growth alongside a significant improvement in profitability metrics, with adjusted EBITDA more than doubling compared to the prior year period.
Revenue for Q2 2026 reached $5,450,127, up from $4,929,211 in Q2 2025. This growth reflects the company's strategy to offer flexible, cost-effective alternatives to traditional market data providers through streaming feeds, APIs, and analytics platforms.
| Metric | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $5,450,127 | $4,929,211 | +11% |
| Gross Margin | 50% | 46% | +4 pts |
| Adjusted EBITDA | $241,243 | $99,121 | +$142,122 |
| Net Loss | ($362,447) | ($853,582) | -$491,135 |
What the Numbers Show
The expansion in gross margin to 50% from 46% indicates improved cost efficiency relative to sales growth. While revenue grew by 11%, the gross margin improvement suggests that the additional revenue generated higher incremental profits than in the prior year. However, reported earnings remain pressured by non-cash accounting items; depreciation and amortization totaled $617,311 in Q2 2026, significantly exceeding the positive adjusted EBITDA figure.
Management noted that reported earnings reflect the accounting impact of development expenditures made in prior periods. As development efforts shift toward refinement and maintenance, a greater proportion of current costs are expensed rather than capitalized. Despite this, amortization associated with previously capitalized costs remains elevated, reducing reported earnings without affecting cash flow.
Robert J. Thompson, Chairman of the Board, stated that new agreements completed during the quarter are expected to contribute to revenue throughout the remainder of 2026. The company cited a robust pipeline of enterprise opportunities as reinforcing confidence in its growth trajectory.
QuoteMedia will host a conference call on August 17, 2026, at 2:00 pm Eastern Time to discuss the results.
How will the shift from capitalizing development costs to expensing them impact QuoteMedia's reported net loss trajectory in upcoming quarters?
What specific enterprise opportunities in the current pipeline are expected to drive revenue growth beyond the newly signed agreements mentioned by management?
Can the company sustain its 50% gross margin expansion as it scales its streaming feeds and API services against larger, traditional market data competitors?
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