NASDAQ$QUBT
Quantum Computing Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close
Briefing
Quantum Computing Inc Q4 2025 Earnings Report was released, showing significant revenue growth and a strengthened balance sheet.
Quantum Computing Inc. (QCi) reported a 219% increase in Q4 revenue driven by its new Fab 1 facility. While operating expenses rose significantly due to scaling and M&A, the net loss narrowed substantially to $1.6 million, aided by non-cash derivative gains and interest income. The company ended the year with a massive cash position of $737.9 million following a $750 million private placement.
- Revenue increased 219% year-over-year to $198,000, driven by hardware sales and services from the new Fab 1 facility.
- Net loss improved to $1.6 million ($0.01 per share) from $51.2 million in the prior year, largely due to a $7.0 million derivative gain and $13.6 million in interest income.
- The company successfully raised $750 million in an oversubscribed private placement, bringing total assets to $1.6 billion.
- Subsequent to quarter-end, QCi completed the $110 million acquisition of Luminar Semiconductor to accelerate its technology roadmap.
Headline financials
Revenue & EPS history
Quantum Computing Inc · Revenue · Quarterly
$198K
Forward guidance
QCi is focusing on scaling manufacturing through its newly acquired Luminar Semiconductor capabilities and the planning of a larger 'Fab 2' facility.
Tailwinds
- Integration of Luminar Semiconductor adds established customer base and manufacturing depth.
- Planning for 'Fab 2' facility to support higher-volume production.
- Strategic collaboration with POET Technologies for 3.2Tbps engines.
- Strong liquidity with over $1.5 billion raised in 2025 to support technology roadmap.
- Early customer engagement and revenue contribution from foundry services.
Headwinds
- Operating expenses expected to remain high due to continued investment in talent and R&D.
- Net income remains sensitive to volatile non-cash derivative liability valuations.
- Increased personnel costs across engineering and manufacturing.
- Integration risks associated with the $110 million Luminar Semiconductor acquisition.
- Current revenue levels remain small relative to the company's operating scale.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2025
+2.6%
Avg return
Earnings day
+8.2%
Avg return
5 days after
+57.9%
Avg return
30 days after
53%
10 / 19 earnings
Positive
+40.6%
Q2 2020
Best reaction
-31.8%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +28.6% | +9.4% | — | |
| Q4 2025 | -10.0% | -11.5% | -20.0% | |
| Q3 2025 | +0.0% | -3.1% | +2.9% | |
| Q1 2025 | +3.5% | +28.9% | +86.8% | |
| Q3 2024 | -6.9% | +21.6% | +583.6% | |
| Q1 2024 | +2.5% | +11.8% | +75.5% | |
| Q2 2024 | +2.5% | +11.8% | +75.5% | |
| Q3 2023 | +8.7% | +3.9% | +13.7% | |
| Q2 2023 | +0.0% | -3.3% | +6.7% | |
| Q1 2023 | -0.8% | +11.8% | +19.7% | |
| Q3 2022 | +0.5% | -2.3% | -22.8% | |
| Q2 2022 | +1.0% | -18.8% | -30.5% | |
| Q1 2022 | +4.7% | +38.0% | +51.3% | |
| Q4 2020 | -4.4% | +2.8% | -9.9% | |
| Q2 2020 | +40.6% | +69.9% | +54.0% | |
| Q1 2020 | +11.2% | +7.5% | +166.4% | |
| Q3 2019 | +0.0% | -7.7% | -7.7% | |
| Q2 2019 | -31.8% | -15.0% | -17.0% | |
| Q1 2019 | +0.0% | +0.0% | +15.0% |
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