QMCIOTCServices-Business Services, NECUS GAAP · USD

Quotemedia Inc

QuoteMedia Inc. provides financial data, market data feeds, interactive content, and portfolio management software through products such as Quotestream and Quotestream Mobile. The company serves clients in the United States and Canada, with licensing and subscription-based delivery to corporate users and individual end users.

Revenue20.3m USD
+8.1 %y/y
Operating profit (EBIT)-2.1m USD
−63.8 %y/y
EBIT margin-10.4%
−3.5 ppy/y
Net income-2.3m USD
−74.6 %y/y
Free cash flow1.0m USD
−71.2 %y/y

Fiscal year 2025 · change from previous year

Development 2019–2025

-50510152025m USD2019: 12 m USD2019: EBIT 0.60 m USD20192020: 12 m USD2020: EBIT -0.64 m USD20202021: 15 m USD2021: EBIT -0.02 m USD20212023: 19 m USD2023: EBIT 0.41 m USD20232024: 19 m USD2024: EBIT -1.3 m USD20242025: 20 m USD2025: EBIT -2.1 m USD202520-2.1
RevenueOperating profit (EBIT)

Business

Share of revenue
Portfolio management systems35 %

Quotestream desktop and mobile tools for portfolio tracking and client-facing financial workflows.

Data APIs and interactive content25 %

Licensed financial content and application programming interfaces used in digital financial applications.

Market data feeds20 %

Real-time and reference market data delivered under subscription or license agreements.

Financial data products20 %

Proprietary and third-party financial datasets sold to corporate and institutional customers.

Customers

QuoteMedia sells primarily to corporate clients that license financial data, content, and portfolio tools for use in their own platforms and workflows. It also serves individual end users through monthly or annual subscriptions to Quotestream products. The business is built around recurring licensing relationships, so customer retention and renewal behavior are central to revenue stability.

Corporate financial services clients

License Quotestream, APIs, and data feeds for internal workflows or customer-facing platforms.

Individual end users

Subscribe to Quotestream on monthly or annual terms for portfolio monitoring and market data.

Digital content and platform partners

Buy interactive content and data integrations to embed financial information in their products.

Strategy

QuoteMedia is building proprietary datasets, analytics, and scoring mechanisms by aggregating data directly from source providers. This supports new product development, lowers data procurement costs, and can improve differentiation versus commoditized market data offerings. The company also continues to evaluate additional products that can be commercialized through its recurring licensing model.

Increase proprietary content and data ownershipMedium term

Owning more data improves differentiation and can reduce dependency on external providers.

Expand recurring product offeringsShort term

Recurring subscriptions and licenses fit the business model and support customer retention.

Lower product cost structureMedium term

Replacing some external data providers can improve economics and pricing flexibility.

Geography

QuoteMedia is based in the United States, but a meaningful portion of its revenue and expenses are denominated in Canadian dollars. The company states that it has no operations or customers in Ukraine or Russia, while its licensing model supports delivery across North American and other international markets.

Risks

QuoteMedia depends on recurring customer renewals, so delays in purchasing decisions or reduced client spending can affect revenue visibility. The business is also exposed to competition, market downturns, inflation, and exchange-rate movements, especially because a large share of activity is denominated in Canadian dollars. As a data and software provider, it also faces execution risk in building proprietary datasets and in maintaining access to reliable market data sources.

Sorted by severity
Customer spending slowdownHigh

Recurring licenses are still discretionary and can be delayed or reduced in weak markets.

Exposure: Corporate clients and subscription renewals

Competition in financial data and softwareHigh

Customers can switch to alternative data vendors, platforms, or bundled offerings.

ExposureQuotestreamAPIsMarket data feeds
Foreign exchange volatilityMedium

About 35% of revenue and 38% of expenses are denominated in Canadian dollars.

Exposure: Translation into U.S. dollars

Data sourcing and provider dependenceMedium

The company relies on market data inputs and exchange-related fees to deliver products.

Exposure: Data feeds and content licensing

Macroeconomic and geopolitical disruptionMedium

Tariffs, inflation, and global market stress can reduce client activity and spending.

Exposure: North American and global financial markets

Accounting

Judgemental items
Revenue recognition for recurring licenses and subscriptions

Contract duration and service period determine when revenue is recognized.

Impact: Affects quarterly comparability and deferred revenue balances

Capitalized internal-use software

Development-stage costs are capitalized rather than expensed immediately.

Impact: Influences operating expense, amortization, and asset balances

Foreign currency translation

A large share of revenue and expenses is denominated in Canadian dollars.

Impact: Can move reported revenue, expenses, and margins in U.S. dollar terms

Publicly listed companies with a comparable business focus.

Last updated: 29/04/2026