Quantum Computing Inc.
Business
Quantum Computing Inc. develops quantum computing, machine learning, sensing, imaging, and cybersecurity systems using integrated photonics and quantum optics. Core products include the Entropy Quantum Computer for optimization, reservoir computing edge devices, LiDAR and quantum photonic sensors, and quantum authentication solutions. The company operates quantum systems, photonic component manufacturing through acquired subsidiaries QPhoton and Luminar Semiconductor, and foundry services offering custom thin-film lithium niobate chips. Products are delivered as cloud-based services, on-premises installations, and components to aerospace-defense and optical communications markets.
Summary from 10-K filed 2026-03-02
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 682,000 | 373,000 | 358,000 | 135,648 | — | |
| Cost of revenue | 615,000 | 261,000 | 196,000 | 60,934 | — | |
| Gross profit | 67,000 | 112,000 | 162,000 | 74,714 | — | |
| Research and development | 20 | 11 | 9 | 5 | 3 | |
| Sales and marketing | 3 | 2 | 2 | — | — | |
| General and administrative | 27 | 13 | 16 | — | — | |
| Total operating expenses | 51 | 26 | 26 | 37 | 17 | |
| Loss from operations | −51 | −26 | −26 | −37 | −17 | |
| Interest and other income, net | 21 | 423,000 | 295,000 | — | — | |
| Interest expense | −65,000 | −2 | −2 | — | — | |
| Change in fair value of derivative liability | 12 | −41 | 528,000 | — | — | |
| Loss before income tax provision | −19 | −69 | −27 | — | — | |
| Income tax provision | — | — | — | — | — | |
| Net Loss | −19 | −69 | −27 | −39 | −28 | |
| Less: Series A convertible preferred stock dividends | — | — | 861,000 | — | — | |
| Net loss attributable to common stockholders | −19 | −69 | −28 | — | — | |
| Unrealized gain on available-for-sale debt securities (net of tax) | 905,000 | — | — | — | — | |
| Total comprehensive income (loss) | −18 | −69 | −28 | — | — | |
| Basic (in Dollars per share) | −0.11 | −0.73 | −0.42 | −0.69 | −0.96 | |
| Diluted (in Dollars per share) | −0.11 | −0.73 | −0.42 | −0.52 | −0.96 | |
| Basic (in Shares) | 164,492 | 93,881 | 66,611 | 56 | 29 | |
| Diluted (in Shares) | 164,492 | 93,881 | 66,611 | 74 | 29 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 738 | 79 | 2 | 5 | 17 | |
| Accounts receivable, net | 519,000 | 27,000 | 65,000 | 12,774 | — | |
| Inventory | 352,000 | 18,000 | 73,000 | — | — | |
| Loans receivable, net | — | — | — | — | — | |
| Short Term Investments | 379 | — | — | — | — | |
| Accrued interest receivable | 4 | — | — | — | — | |
| Prepaid expenses and other current assets | 12 | 161,000 | 180,000 | — | — | |
| Total current assets | 1,134 | 79 | 3 | 6 | 17 | |
| Property and equipment, net | 13 | 8 | 3 | 975,169 | 41,348 | |
| Operating lease right-of-use assets | 2 | 2 | 1 | 1 | 18,084 | |
| Intangible assets, net | 7 | 9 | 12 | 22 | — | |
| Goodwill | 56 | 56 | 56 | 59 | — | |
| Long-term investments | 403 | — | — | — | — | |
| Accrued interest receivable - long term | 5 | — | — | — | — | |
| Other non-current assets | 131,000 | 129,000 | 129,000 | 83 | 21,193 | |
| Total assets | 1,619 | 154 | 74 | 89 | 17 | |
| Accounts payable | 778,000 | 1 | 1 | 871,887 | 464,870 | |
| Accrued expenses | 9 | 2 | 639,000 | 4 | 478,505 | |
| Deferred revenue | 395,000 | 79,000 | — | — | — | |
| Other current liabilities | 766,000 | 974,000 | 786,000 | 131,849 | 3,385 | |
| Total current liabilities | 11 | 5 | 5 | 5 | 1 | |
| Derivative liability | 8 | 41 | — | — | — | |
| Operating lease liabilities | 2 | 1 | 840,000 | 1 | — | |
| Total liabilities | 21 | 46 | 6 | 14 | 1 | |
| Contingencies (see Note 10) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value, 1,550 shares Series A Preferred authorized; no shares issued and outstanding as of December 31, 2025 and 2024, respectively; 3,080 thousand shares of Series B Preferred Stock authorized; no shares issued and outstanding as of December 31, 2025 and 2024, respectively | — | — | — | 150 | 154 | |
| Common stock, $0.0001 par value, 250,000 thousand shares authorized; 224,165 and 129,012 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 22,000 | 13,000 | 8,000 | 5,596 | 2,916 | |
| Additional paid-in capital | 1,816 | 308 | 201 | 151 | 67 | |
| Accumulated deficit | −219 | −200 | −132 | −120 | −81 | |
| Accumulated other comprehensive income | 905,000 | — | — | — | — | |
| Total stockholders equity | 1,598 | 107 | 69 | 65 | 16 | |
| Total liabilities and mezzanine and stockholders equity | 1,619 | 154 | 74 | 89 | 17 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and intangibles amortization | 4 | 4 | 3 | 3 | 8,998 | |
| Amortization of issuance costs | — | 2 | 925,000 | — | — | |
| Change in value of derivative | — | −666,000 | — | — | — | |
| Provision for credit losses | — | 279,000 | 279,000 | — | — | |
| Amortization of operating lease right-of-use assets | 540,000 | 294,000 | 222,000 | — | — | |
| Stock-based compensation expense | 9 | 6 | 4 | 14 | 10 | |
| Stock-based compensation expense for services | 18,000 | 23,000 | 284,000 | — | — | |
| Accounts receivable | −492,000 | 38,000 | −52,000 | −12,774 | — | |
| Inventory | −334,000 | 55,000 | −70,000 | — | — | |
| Accrued interest receivable | −8 | — | — | — | — | |
| Prepaid expenses and other current assets | −12 | 16,000 | −110,000 | — | — | |
| Other non-current assets | −2,000 | — | −69,000 | −1 | — | |
| Accounts payable | −594,000 | −90,000 | 596,000 | 218,574 | 98,164 | |
| Deferred revenue | 316,000 | 79,000 | — | — | — | |
| Accrued expenses and other current liabilities | 8 | 362,000 | −112,000 | — | — | |
| Operating lease liabilities | −412,000 | −236,000 | −241,000 | 1 | — | |
| Net cash used in operating activities | −30 | −16 | −18 | −17 | −7 | |
| Purchase of property and equipment | −7 | −6 | −2 | −869,687 | −19,391 | |
| Issuance of loan receivable | — | — | −500,000 | — | — | |
| Purchases of available-for-sale debt securities | −1,198 | — | — | — | — | |
| Proceeds from sales of available-for-sale debt securities | 376 | — | — | — | — | |
| Proceeds from maturities of available-for-sale debt securities | 40 | — | — | — | — | |
| Other recognized losses (gains) | −7,000 | — | — | — | — | |
| Net cash used in investing activities | −788 | −6 | −3 | −2 | −22,500 | |
| Proceeds raised from financial liabilities, net of issuance costs | — | 7 | — | — | — | |
| Payments of financial liabilities, net of interest | — | −10 | −6 | — | — | |
| Series A Preferred stock dividend payments | — | −215,000 | −865,000 | — | — | |
| Repurchase of Series A preferred stock | — | −4 | — | — | — | |
| Proceeds from stock issuance related to ATM facility | — | — | — | — | — | |
| Net proceeds from exercise of warrants | 2 | — | — | — | — | |
| Net proceeds from issuance of common stock | 1,475 | 107 | 25 | — | 9 | |
| Net cash provided by financing activities | 1,478 | 99 | 18 | 8 | 8 | |
| Net increase (decrease) in cash | 659 | 77 | −3 | −11 | — | |
| Cash paid for interest | — | 268,000 | 813,000 | — | — | |
| Fair value of derivative liability reclassed to additional paid-in capital due to exercise of warrants | 21 | — | — | — | — | |
| Issuance of stock expensed from 2024, awarded in 2025 | 2 | — | — | 83 | −2 | |
| Leased assets obtained in exchange for new operating lease liabilities | 1 | 765,000 | — | — | −18,084 | |
| Reclassification of Series A preferred stock to mezzanine equity | — | 8 | — | — | — | |
| Valuation of derivative associated with convertible financial liability | — | 666,000 | — | — | — | |
| Conversion of Series A preferred to common stock | — | 4 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Quantum Computing Inc.'s CIK number?
Quantum Computing Inc.'s SEC CIK number is 0001758009 (1758009). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Quantum Computing Inc.'s SEC filings?
All of Quantum Computing Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Quantum Computing Inc. last report earnings?
Quantum Computing Inc. (QUBT) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-054470). This is Quantum Computing Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Quantum Computing Inc.'s most recent earnings 8-K?
Quantum Computing Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001213900-26-054470. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Quantum Computing Inc.'s latest earnings 8-K →
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