Quantum Computing Inc. income statement
In fiscal 2025, Quantum Computing Inc. reported revenue of $682,000, up 82.8% on the year before, operating income of −$51.1m (a -7489.3% margin) and net income of −$18.7m, or −$0.11 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 1 | 10 |
| Cost of revenue | 0 | 0 | 0 | 1 | 12 |
| Gross profit | 0 | 0 | 0 | 0 | −2 |
| Research and development | 5 | 9 | 11 | 20 | 27 |
| Selling, general and administrative | 21 | 16 | — | — | — |
| Selling and marketing | — | — | 2 | 3 | 6 |
| General and administrative | — | — | 13 | 27 | 42 |
| Operating income | −29 | −26 | −26 | −51 | −76 |
| Interest expense | 1 | 2 | 2 | 0 | 0 |
| Net interest income | — | 0 | 0 | 21 | — |
| Income before tax | −26 | −27 | −69 | −19 | −15 |
| Net income | −26 | −27 | −69 | −19 | −15 |
| Diluted EPS | −$0.73 | −$0.42 | −$0.73 | −$0.11 | — |
| Diluted shares (average) | 37m | 67m | 94m | 164m | — |
| EBITDA | −27 | −23 | −22 | −47 | −70 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 6 |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 7 |
| Gross profit | 0 | 0 | 0 | 0 | 0 | −0 | −1 | −1 |
| Research and development | 2 | 5 | 3 | 6 | 5 | 7 | 7 | 8 |
| Selling, general and administrative | 3 | — | — | — | — | — | — | — |
| Selling and marketing | — | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| General and administrative | — | 4 | 5 | 4 | 5 | 14 | 11 | 11 |
| Operating income | −5 | −9 | −8 | −10 | −10 | −22 | −21 | −23 |
| Interest expense | 0 | 2 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net interest income | — | — | 2 | — | — | — | 13 | — |
| Income before tax | −6 | −51 | 17 | −36 | 2 | −2 | −4 | −12 |
| Income tax | — | — | — | 0 | — | — | — | 0 |
| Net income | −6 | −51 | 17 | −36 | 2 | −2 | −4 | −12 |
| Diluted EPS | −$0.06 | −$0.54 | $0.11 | −$0.26 | $0.01 | $0.01 | −$0.02 | −$0.05 |
| EBITDA | −5 | −8 | −7 | −10 | −9 | −21 | −19 | −22 |
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