Quantum Computing Inc. Segments Disclosure
Note 3 – Segment Reporting
Our Chief Operating Decision Maker (“CODM”), the , manages the Company’s business activities as a operating and reportable segment at the consolidated level. Accordingly, our CODM uses consolidated net income (loss) to measure segment profit or loss, allocate resources and assess performance. Further, the CODM reviews and utilizes natural expenses, such as employee wages and benefits at a consolidated level, to manage the Company’s operations and strategic growth initiatives.
The following table presents segment information of revenue, significant expenses and net loss (in thousands):
| Year Ended December 31, | ||||||||||||
| 2025 | 2024 | 2023 | ||||||||||
| Revenue | $ | 682 | $ | 373 | $ | 358 | ||||||
| Less: | ||||||||||||
| Salaries and employee related costs | 14,609 | 9,534 | 9,745 | |||||||||
| Stock-based compensation | 8,677 | 5,805 | 4,555 | |||||||||
| Rent and facilities | 1,574 | 751 | 575 | |||||||||
| Professional services and legal fees | 14,483 | 2,959 | 3,963 | |||||||||
| Technology & IT costs | 3,067 | 1,062 | 1,198 | |||||||||
| Other sales and marketing costs | 2,457 | 734 | 1,471 | |||||||||
| Direct and indirect materials | 99 | 39 | ||||||||||
| Depreciation and amortization expense | 4,404 | 3,798 | 3,307 | |||||||||
| Other operational expense | 2,488 | 1,667 | 1,787 | |||||||||
| Operating loss | (51,077 | ) | (25,937 | ) | (26,243 | ) | ||||||
| Other income (loss) | ||||||||||||
| Interest and other income (expense), net | 20,718 | 423 | 295 | |||||||||
| Interest expense | (65 | ) | (2,496 | ) | (1,602 | ) | ||||||
| Change in fair value of derivative liability | 11,750 | (40,532 | ) | 528 | ||||||||
| Segment net loss | $ | (18,674 | ) | $ | (68,542 | ) | $ | (27,022 | ) | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 2, 2026 | Showing above |
| 2024 | Mar 20, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.