Quantum Computing Q1 turns to net loss of $4.1 million; revenue rises to $3.7 million

Quantum Computing Inc.

Quantum Computing Inc.

QUBT

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  • Quantum Computing Inc. posted Q1 revenue of USD 3.7 million versus USD 39 thousand a year earlier.
  • Net results swung to a loss of USD 4.1 million, or USD 0.02 per basic share, from net income of USD 17 million, or USD 0.13 per basic share.
  • Operating expenses climbed 139% to USD 19.8 million, largely reflecting higher personnel costs and acquisition-related transaction expenses.
  • Cash, cash equivalents and investments totaled USD 1.4 billion at quarter-end; contract backlog stood at about USD 16 million.
  • Closed all-cash acquisitions of Luminar Semiconductor for USD 110 million and NuCrypt for USD 5 million, citing progress toward scalable manufacturing and an expanded quantum communications and photonics portfolio.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quantum Computing Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605111605PR_NEWS_USPR_____PH56520) on May 11, 2026, and is solely responsible for the information contained therein.

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