QQREF (Quebec Rare Earth Elements) Net Income: $-1.01 Mil (TTM As of Jan. 2026)

What is Quebec Rare Earth Elements Net Income?

Quebec Rare Earth Elements QQREF Net Income is $-1.01 Mil as of Jan. 2026. The stock has 1 warning sign investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Quebec Rare Earth Elements's Net Income for the three months ended in Jan. 2026 was $-0.93 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jan. 2026 was $-1.01 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Quebec Rare Earth Elements's Earnings per Share (Diluted) for the three months ended in Jan. 2026 was $-0.02.

Quebec Rare Earth Elements (OTCPK:QQREF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Quebec Rare Earth Elements's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jan. 2026 is calculated as

Earnings per Share (Diluted) (Q: Jan. 2026 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-0.929	-	0)	/	50.447
	=	-0.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Quebec Rare Earth Elements Net Income Related Terms

Quebec Rare Earth Elements Net Income Historical Data

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The historical data trend for Quebec Rare Earth Elements's Net Income can be seen below:

Quebec Rare Earth Elements Net Income Chart

Quebec Rare Earth Elements Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

Net Income

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-2.33

-2.64

-6.49

-0.15

-0.48

Quebec Rare Earth Elements Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26
Net Income	Get a 7-Day Free Trial															-0.01	-0.07	-0.01	0.01	-0.93

Quebec Rare Earth Elements Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Quebec Rare Earth Elements's Net Income for the fiscal year that ended in Apr. 2025 is calculated as

	Net Income		(A: Apr. 2025 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.482	+	0	+	0	+	0
=	-0.48

Quebec Rare Earth Elements's Net Income for the quarter that ended in Jan. 2026 is calculated as

	Net Income		(Q: Jan. 2026 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.929	+	0	+	0	+	0
=	-0.93

Net Income for the trailing twelve months (TTM) ended in Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.01 Mil.

Frequently Asked Questions Learn more about Net Income →

What does a Net Income of $-1.01 Mil mean?

Quebec Rare Earth Elements (QQREF) has a Net Income of $-1.01 Mil as of Jan. 2026. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Quebec Rare Earth Elements and its competitors.

Is Quebec Rare Earth Elements' Net Income too high?

Quebec Rare Earth Elements' current Net Income is $-1.01 Mil.

How does Quebec Rare Earth Elements' Net Income compare to competitors?

Quebec Rare Earth Elements' Net Income of $-1.01 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Net Income for a Metals & Mining company?

A good Net Income depends on the Metals & Mining industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Net Income mean?

A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Quebec Rare Earth Elements and its competitors. Quebec Rare Earth Elements's current Net Income is $-1.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Quebec Rare Earth Elements stock overvalued right now?

Quebec Rare Earth Elements (QQREF) has a current Net Income of $-1.01 Mil. The current Net Income is $-1.01 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Net Income calculated?

Net Income is calculated from a company's financial statements. For Quebec Rare Earth Elements (QQREF), the current Net Income is $-1.01 Mil as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Quebec Rare Earth Elements Business Description

Industry Basic Materials Metals & Mining

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Other Exchanges 41K:Germany QREE:Canada

Address 217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website https://www.qree.ca

Quebec Rare Earth Elements Corp is a mining exploration and development company focused on rare earth elements (REE) in the favorable mining jurisdiction of Quebec, Canada. The company explores properties including the Carcajou and Lynx projects in the Saguenay region, as well as gold projects areas in northwestern Ontario. The company's geographical presence is at Canada and Chile. Both the areas are engaged in exploration and development of minerals.