Quantum Computing Inc. (QUBT) Q3 2025 Financial Results Summary

Quantum Computing Inc. (QUBT) Q3 2025 Financial Results Summary

HOBOKEN, NJ – November 14, 2025 – Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT) has released its financial results for the third quarter and nine-month period ended September 30, 2025.

Third Quarter 2025 Financial Highlights

• Revenue:
• Q3 2025 revenues were approximately $384,000, a 280% increase year-over-year from $101,000 in Q3 2024.
• Gross margin for Q3 2025 was 33%, compared to 9% in Q3 2024.

• The increase in revenue was attributed to:

  • A rise in the number, size, and effort of research and development services and custom hardware contracts.
  • The recognition of revenue from cloud-based access to the Dirac-3 quantum optimization system.

• Operating Expenses:

• Operating expenses for Q3 2025 totaled $10.5 million, an increase of 94% year-over-year from $5.4 million in Q3 2024.

• This increase reflects continued investment in:

  • Research and development.
  • Engineering.
  • Manufacturing, as the Company positions for long-term growth.

• Net Income:

• Q3 2025 reported a net income of $2.4 million, or $0.01 per basic share, compared to a net loss of $5.7 million, or a loss of $0.06 per basic share, in Q3 2024.

• The improvement in net income was mainly due to:

  • A $9.2 million gain from the mark-to-market of a derivative liability.
  • Interest income of $3.5 million.

• Assets and Liabilities:

• Total assets as of September 30, 2025, were $898.2 million, up from $153.6 million at the end of 2024.
• Cash and cash equivalents increased to $352 million, up $273.5 million from year-end 2024.
• Investments totaled $460.6 million.
• Total liabilities were $20.3 million, down by $26 million from year-end 2024.
• Shareholders’ equity was $877.9 million.

Third Quarter 2025 Operational Highlights

• Commercial Progress:

• Continued traction in quantum AI and cybersecurity solutions:

  • Secured a purchase order from a top 5 U.S. bank for quantum security solutions, marking a significant milestone in practical use cases.

• Partnerships:

• Strengthened collaboration with NASA, working on:

  • Applying the Dirac-3 quantum optimization machine for enhancing atmospheric sensing using LiDAR data.

• Manufacturing Advances:

• Improved production processes at QCi’s thin-film lithium niobate (TFLN) photonic chip foundry in Tempe, AZ:

  • Focused on stabilizing production and ramping up small-batch manufacturing.
  • Planning for a second facility, Fab 2, to support larger production volumes in the future.

• Industry Engagement:

• Participated in multiple conferences to enhance visibility and engagement within academic and commercial communities.

• Joined the Quantum Economic Development Consortium (QED-C).

• Hiring Initiatives:

• Expanded engineering and operations teams to attract top talent necessary for executing the company’s growth strategy.

Additional Financial Information

• Shareholder Return:
• The Company did not declare a quarterly dividend in this reporting period.
• There were no announcements regarding share repurchase programs.

Conclusion

Quantum Computing Inc. demonstrated significant growth in revenue during the third quarter of 2025, achieving a 280% increase compared to the same quarter the previous year. The Company managed to generate net income of $2.4 million after reporting substantial losses in the prior year, marking a crucial turnaround. With a strengthened balance sheet and strategic partnerships, QCi continues to advance towards its long-term growth objectives in the quantum computing landscape.

The Company will host a conference call today to discuss these results further. Interested parties can access the live webcast through the QCi Investor Relations page.