Quantum Computing Inc. Reports Fourth Quarter and Year-End 2025 Financial Results - PR Newswire

Mar 02, 2026, 16:05 ETShare this articleHOBOKEN, N.J., March 2, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today released financial results for the three and twelve-month periods ended December 31, 2025.Dr. Yuping Huang, Chief Executive Officer of QCi, commented, "In 2025 we continued to advance our strategy to build a vertically integrated photonics and quantum optics platform capable of supporting scalable, commercial applications across AI, high-performance computing, cybersecurity, and remote sensing. We completed and opened "Fab 1", our TFLN chip manufacturing facility in Tempe, Arizona, expanded our foundry services business, strengthened our leadership team and board, and raised over $1.5 billion to support our long-term growth strategy and technology roadmap. We are now seeing early customer engagement and revenue contribution from our foundry services and product portfolio as we continue progressing toward broad scale commercialization.""Subsequent to the close of the fourth quarter, we completed our acquisition of Luminar Semiconductor, Inc., which brings established capabilities in lasers, detectors, advanced packaging, and manufacturing. The acquisition adds an established customer base and accelerates our path to scalable manufacturing. As we move through 2026, we remain focused on advancing strategic partnerships, scaling our technology and manufacturing capabilities, and investing in talent across engineering, research and production to support continued growth and execution."Fourth Quarter 2025 Financial HighlightsFourth Quarter 2025 Operational Highlights, plus updates since December 31, 2025Earnings Conference CallThe Company will host its fourth quarter and year end conference call today, Monday, March 2, 2026, at 4:30 p.m. ET. To access the live webcast of the conference call, visit the QCi Investor Relations page at https://quantumcomputinginc.com/investor-relations. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/3051/53656.To participate in the call by phone, dial (877) 545-0523 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0016. Callers should use access code: 293172.A replay of the teleconference will be available until March 16, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 53656.About Quantum Computing Inc.Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, quantum optics and integrated photonics technology company that provides accessible and affordable quantum machines and TFLN foundry services to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.Through its acquisition of Luminar Semiconductor, Inc., QCi accelerated its technology roadmap while expanding technical depth, manufacturing capabilities, and its product portfolio to photonics and optics components, subsystems, and systems. Company Contact:Rosalyn Christian/John NesbettIMS Investor Relations[email protected]Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our expectations of future results, operational expansion and business strategy are forward-looking statements. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "strategy," "future," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at www.sec.gov and the Investor Relations section of our website at https://quantumcomputinginc.com/investor-relations, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.QUANTUM COMPUTING INC.Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)(Unaudited, in thousands, except per share data)Three Months EndedTwelve Months EndedDecember 31December 31,2025202420252024Total revenue$198$62$682$373Cost of revenue29628615261Gross profit(98)3467112Operating expensesResearch and development7,0044,75820,47311,318Sales and marketing1,2925753,4311,818General and administrative13,8223,61527,24012,913Total operating expenses22,1188,94851,14426,049Loss from operations(22,216)(8,914)(51,077)(25,937)Non-operating income (expense)Interest and other income13,63524320,718423Interest expense55(2,034)(65)(2,496)Change in fair value of derivative liability6,970(40,532)11,750(40,532Income (loss) before income tax provision(1,556)(51,237)(18,674)(68,542)Income tax provision----Net income (loss)(1,556)(51,237)(18,674)(68,542)Other comprehensive loss Unrealized losses on available-for-sale debt securities931-905-Total comprehensive income (loss)$(625)$(51,237)$(17,769)$(68,542)Income (Loss) per share:Basic$(0.01)$(0.47)$(0.11)$(0.73)Diluted$(0.01)$(0.47)$(0.11)$(0.73)Weighted average shares used in computing net income (loss) per common share:Basic216,060108,530164,49293,881Diluted216,060108,530164,49293,881QUANTUM COMPUTING INC.Condensed Consolidated Balance Sheets(Unaudited, in thousands, except par value data)December 31, December 31, 20252024AssetsCurrent assets:Cash and cash equivalents$737,880$78,945Accounts receivable, net51927Inventory35218Short-term investments379,421-Accrued interest receiveable 3,634-Prepaid expenses and other current assets11,914161Total current assets1,133,72079,151Property and equipment, net12,9718,212Operating lease right-of-use assets2,3531,522Intangible assets, net6,5008,972Goodwill55,57355,573Long-term investments403,121- Accrued interest receivable – long term4,551Other non-current assets131129Total assets$1,618,920$153,559Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable$778$1,372Accrued expenses9,1352,134Deferred revenue39579Other current liabilities766974Total current liabilities11,0744,559Derivative liability7,77340,532Operating lease liabilities1,8081,181Total liabilities20,65546,272Commitments and Contingencies (see Note 10)Stockholders' equity:Preferred stock--Common stock2213Additional paid-in capital1,816,494307,756Accumulated deficit(219,156)(200,482)Accumulated other comprehensive loss905-Total shareholders' equity1,598,265107,287Total liabilities and shareholders' equity$1,618,920$153,559SOURCE Quantum Computing Inc.