QUCY on Nasdaq
Quantum Cyber N.V.
Pharmaceutical preparations company based in Mainz, listed on Nasdaq (QUCY). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerQUCY on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersP71
- Incorporated inNetherlands2
- Business addressRobert Koch Strasse 50, Mainz2
- Filer category, Emerging growth company2
- Legal formCorporation
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Quantum Cyber as a d/b/a until that time. In conjunction with the name change, we changed our Nasdaq ticker symbol to “QUCY”.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue3¢$147.3K
- Research and development97¢$4.9M
Out of $537.1K in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue | $537.1K | $894.0K |
| Cost of revenue | $147.3K | $319.1K |
| Gross profit | $389.8K | $574.9K |
| Sales and marketing | $3.8M | $6.6M |
| Research and development | $4.9M | $5.7M |
| Research and development related party | $54.8K | $121.2K |
| General and administrative (Note 2) | $5.1M | $6.7M |
| Impairment of intangible asset | $2.6M | |
| Restructuring expense | $277.2K | |
| Total operating expenses | $16.5M | $19.3M |
| Loss from operations | -$16.1M | -$18.8M |
| Other income | $42.2K | $90.6K |
| Government grant | $533.5K | $46.1K |
| Gain on sale of subsidiary | $28.3K | |
| Change in fair value of convertible debt | $21.0K | -$2.1M |
| Gain (loss) on sales and disposal of assets | -$163.2K | $46.8K |
| Interest expense | -$373.5K | -$945.5K |
| Other expense | -$131.6K | -$39.8K |
| Total other expense | -$71.6K | -$2.8M |
| Loss before income tax | -$16.2M | -$21.6M |
| Net loss | -$16.2M | -$21.6M |
| Foreign currency translation adjustment | -$69.0K | -$96.3K |
| Total comprehensive loss | -$16.3M | -$21.7M |
| Basic loss per ordinary share (in Dollars per share) | -$2.70 | -$21.91 |
| Diluted loss per ordinary share (in Dollars per share) | -$2.70 | -$21.91 |
| Basic Weighted average number of ordinary shares outstanding (in Shares) | 6.0M shares | 985.7K shares |
| Diluted Weighted average number of ordinary shares outstanding (in Shares) | 6.0M shares | 985.7K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $889.1K | $6.2M | |
| Accounts receivable | $17.3K | $33.6K | |
| Inventories | $216.9K | $372.9K | |
| Prepaid expenses and other current assets | $657.3K | $1.4M | |
| Total current assets | $1.8M | $8.0M | |
| Property and equipment, net | $1.1M | $1.4M | |
| Intangible assets | $1.1M | $3.0M | |
| Right-of-use assets | $1.3M | $1.1M | |
| Total assets | $5.3M | $13.5M | |
| Accounts payable and accrued liabilities (Note 2) | $936.4K | $2.9M | |
| Loan payable | $183.7K | $176.8K | |
| Convertible debt | $82.3K | $1.1M | |
| Notes payable - Silent partnership | $956.9K | $1.0M | |
| Intellectual property acquisition liability | $487.8K | ||
| Intellectual property acquisition liability current portion - related party | $676.1K | $690.6K | |
| Operating lease liabilities - current portion | $356.1K | $265.0K | |
| Total current liabilities | $3.7M | $6.2M | |
| Operating lease liabilities | $992.5K | $945.2K | |
| Intellectual property acquisition liability - related party | $376.1K | ||
| Total liabilities | $4.7M | $7.5M | |
| Ordinary shares, a par value of 0.01, 11.250.000 shares authorized, 9,780,142 and 2,319,353 shares issued and outstanding, respectively | $107.8K | $23.1K | |
| Additional paid-in capital | $106.1M | $95.2M | |
| Accumulated deficit | -$104.9M | -$88.7M | |
| Accumulated other comprehensive loss | -$617.7K | -$548.6K | |
| Total shareholders equity | $641.6K | $6.0M | $3.4M |
| Total liabilities and shareholders equity | $5.3M | $13.5M | |
| Ordinary shares, par value (in Euro per share) | 0.01 EUR | 0.01 EUR | |
| Ordinary shares, shares authorized (in Shares) | 11.2M shares | 11.2M shares | |
| Ordinary shares, shares issued (in Shares) | 9.8M shares | 2.3M shares | |
| Ordinary shares, shares outstanding (in Shares) | 9.8M shares | 2.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $889.1K | $6.2M | |
| Accounts receivable | $17.3K | $33.6K | |
| Inventories | $216.9K | $372.9K | |
| Prepaid expenses and other current assets | $657.3K | $1.4M | |
| Total current assets | $1.8M | $8.0M | |
| Property and equipment, net | $1.1M | $1.4M | |
| Intangible assets | $1.1M | $3.0M | |
| Right-of-use assets | $1.3M | $1.1M | |
| Total assets | $5.3M | $13.5M | |
| Accounts payable and accrued liabilities (Note 2) | $936.4K | $2.9M | |
| Loan payable | $183.7K | $176.8K | |
| Convertible debt | $82.3K | $1.1M | |
| Notes payable - Silent partnership | $956.9K | $1.0M | |
| Intellectual property acquisition liability | $487.8K | ||
| Intellectual property acquisition liability current portion - related party | $676.1K | $690.6K | |
| Operating lease liabilities - current portion | $356.1K | $265.0K | |
| Total current liabilities | $3.7M | $6.2M | |
| Operating lease liabilities | $992.5K | $945.2K | |
| Intellectual property acquisition liability - related party | $376.1K | ||
| Total liabilities | $4.7M | $7.5M | |
| Ordinary shares, a par value of 0.01, 11.250.000 shares authorized, 9,780,142 and 2,319,353 shares issued and outstanding, respectively | $107.8K | $23.1K | |
| Additional paid-in capital | $106.1M | $95.2M | |
| Accumulated deficit | -$104.9M | -$88.7M | |
| Accumulated other comprehensive loss | -$617.7K | -$548.6K | |
| Total shareholders equity | $641.6K | $6.0M | $3.4M |
| Total liabilities and shareholders equity | $5.3M | $13.5M | |
| Ordinary shares, par value (in Euro per share) | 0.01 EUR | 0.01 EUR | |
| Ordinary shares, shares authorized (in Shares) | 11.2M shares | 11.2M shares | |
| Ordinary shares, shares issued (in Shares) | 9.8M shares | 2.3M shares | |
| Ordinary shares, shares outstanding (in Shares) | 9.8M shares | 2.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$16.2M | -$21.6M |
| Share based compensation | $1.2M | $986.9K |
| Stock option expense (Note 2) | $1.5M | -$63.1K |
| Depreciation and amortization | $615.7K | $696.6K |
| Impairment loss | $2.6M | $47.4K |
| Bad debt recovery | -$11.9K | |
| Inventory write down | $312.2K | $186.3K |
| Accretion expense | $202.8K | $157.7K |
| Change in fair value of convertible debt | -$21.0K | $2.1M |
| Gain on sale of subsidiary - related party | -$28.3K | |
| (Gain) loss on sale and disposal of assets | $163.2K | -$46.8K |
| Non-cash lease expense | $277.0K | $367.3K |
| Accounts and other receivable, net | $114.6K | $20.6K |
| Accounts receivable - related party | -$43.8K | -$17.2K |
| Inventories | -$99.6K | $29.8K |
| Prepaid expenses and other assets | $791.3K | $109.2K |
| Accounts payable and accrued liabilities (Note 2) | -$2.1M | $210.0K |
| Accounts payable and accrued expense - related party | $3.6K | -$22.3K |
| Deferred revenue | -$135.7K | |
| Operating lease liabilities | -$326.7K | -$269.0K |
| Net cash used in operating activities | -$11.0M | -$17.3M |
| Proceeds from sale of subsidiary - related party | $32.8K | |
| Payment for intangible asset | -$700.0K | |
| Payment for intangible asset-related party | -$350.0K | -$150.0K |
| Purchase of property and equipment | -$1.2K | -$104.9K |
| Proceeds from sales of property and equipment | $17.8K | $23.3K |
| Net cash used in investing activities | -$1.0M | -$198.8K |
| Sale of ordinary shares, pre-funded warrants, and warrants | $8.2M | $13.8M |
| Proceeds from convertible debt | $4.3M | |
| Repayments of convertible debt | -$1.0M | -$1.2M |
| Payments on silent partnerships | -$243.4K | |
| Payments on loan payable | -$241.8K | -$103.8K |
| Net cash provided by financing activities | $6.8M | $16.8M |
| Effect of changes in exchange rates | -$96.6K | -$98.3K |
| Net change in cash | -$5.3M | -$835.3K |
| Interest expense | $178.6K | $150.0K |
| Right-of-use asset additions | $312.0K | $48.3K |
| Acquisition of intangible asset for structured payments | $1.1M | |
| Issuance of ordinary shares for conversion of debt | $9.7M | |
| Payable offset by sale of asset | $13.7K | |
| Loan payable for prepaid insurance | $240.8K | $277.3K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Quantum Cyber N.V., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerGuido Baechler Jan 26, 2026 to Apr 28, 202611
- Chief executive officerDavid E. Lazar Apr 28, 2026 to now12
- Chief financial officerWilliam J. Caragol Jan 26, 2026 to now13
Board members and other officers (9)
- Board memberGregory J. Tibbitts Jan 26, 2026 to now14
- Board memberGuido Baechler Jan 26, 2026 to now11
- Board memberHeiner Dreismann Jan 26, 2026 to now15
- Board memberHans Hekland Feb 19, 2026 to now16
- Board memberDavid E. Lazar Mar 3, 2026 to now17
- Board memberAvraham Ben-Tzvi Apr 28, 2026 to now18
- Board memberDavid Natan Apr 28, 2026 to now19
- Board memberPeter O'Rourke May 21, 2026 to now20
- Board memberLouis R. Buffalino Jul 9, 2026 to now21
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
Filings
198 filings to the SEC since October 2021: 5 annual reports, 2 quarterly reports, 22 major events, 35 insider forms, 14 large holders, 2 private raises, 118 other. The latest 20:
- Oct 9, 20268-K CURRENT REPORT EDGAR
- Oct 9, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
- Sep 25, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
- Sep 25, 20268-K CURRENT REPORT EDGAR
- Aug 14, 202610-Q QUARTERLY REPORT EDGAR
- Aug 12, 20264 EDGAR
- Aug 10, 2026SCHEDULE 13G EDGAR
- Aug 7, 20264 EDGAR
- Aug 7, 2026SCHEDULE 13D/A EDGAR
- Aug 6, 20264/A EDGAR
- Aug 6, 20264/A EDGAR
- Aug 6, 20264/A EDGAR
- Aug 6, 20264/A EDGAR
- Aug 6, 20264/A EDGAR
- Aug 5, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Jul 24, 20268-K CURRENT REPORT EDGAR
The 198 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 17, 2025 | Donahue Kevin Michael10% owner | Buy | 685,000 | $1.51 | $1.0M | Form 4 |
| Oct 17, 2025 | Donahue Kevin Michael10% owner | Buy | 643,850 | $402,000.00 | $258.8B | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BP United Inc.SCHEDULE 13G, 1 filing Aug 10, 202623
- David E. LazarSCHEDULE 13D/A, 2 filings Apr 28, 2026 to Aug 7, 202624
- ARMISTICE CAPITAL, LLCSCHEDULE 13G/A, 4 filings Feb 14, 2025 to Feb 17, 202625
- Kevin Michael DonahueSCHEDULE 13G/A, 2 filings Jan 16, 2026 to Jan 20, 202626
- KfWSC 13G/A, 3 filings Mar 1, 2023 to Oct 7, 202427
- Hans HeklandSC 13G, 1 filing May 16, 202228
- Moritz EidensSC 13G, 1 filing May 16, 202229
Money raised
Private offerings the company reported to the SEC on Form D.
- Jun 28, 2023Raised $14.3 million in a private offering of securities Form D: $50 million offered in all Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARGregory J. Tibbitts, Board member
- 15SEC EDGARHeiner Dreismann, Board member
- 16SEC EDGARHans Hekland, Board member
- 17SEC EDGARDavid E. Lazar, Board member
- 18SEC EDGARAvraham Ben-Tzvi, Board member
- 19SEC EDGARDavid Natan, Board member
- 20SEC EDGARPeter O'Rourke, Board member
- 21SEC EDGARLouis R. Buffalino, Board member
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- 27SEC EDGARKfW SC 13G/A on Quantum Cyber N.V.
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