Quantum Computing, Inc. (QUBT) Income Statement
QUBT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsQUBT revenue and net income
Where QUBT's revenue goes
2025Each bar shows an amount and its share of revenue. QUBT kept −2,738.1% of revenue as net income.
QUBT profit margins
QUBT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +82.8% | +71.3% | — | −15.0% |
| Gross profit | −40.2% | −3.6% | — | −23.0% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
QUBT quarterly EPS vs estimates
Quantum Computing beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 13, 2026 (estimate $-0.07).
QUBT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $682,000 | $373,000 | $358,000 | $135,648 | $31,240 | $0 | $0 | $0 | $0 | $3.4M |
| Cost of revenue | $615,000 | $261,000 | $196,000 | $60,934 | $8,998 | $6,613 | $2,640 | $117 | $0 | $2.2M |
| Gross profit | $67,000 | $112,000 | $162,000 | $74,714 | −$8,998 | −$6,613 | −$2,640 | −$117 | $0 | $1.1M |
| Research & development | $20.5M | $11.3M | $8.9M | $4.6M | $2.6M | $1.5M | $891,126 | $250,639 | $250,640 | — |
| Sales, general & admin | $30.7M | $14.7M | $17.5M | $32.1M | $14.5M | $15.8M | $1.7M | $322,278 | $175,000 | — |
| Total operating expenses | $51.1M | $26.0M | $26.4M | $36.7M | $17.1M | $17.3M | $2.5M | $5.8M | $175,000 | $1.1M |
| Operating income | −$51.1M | −$25.9M | −$26.2M | −$36.6M | −$17.1M | −$17.3M | −$2.5M | −$5.8M | −$175,000 | −$3,316 |
| Interest income | $20.7M | $423,000 | $220,402 | $46,891 | $7,378 | $27 | $8,810 | — | — | — |
| Interest expense | $65,000 | $2.5M | $1.6M | $2.1M | $11.0M | $6.0M | $5.8M | $4.1M | $0 | $32,701 |
| Income before taxes | −$18.7M | −$68.5M | −$27.0M | −$38.6M | −$27.9M | −$24.7M | −$8.4M | −$10.5M | −$175,000 | $221,731 |
| Income taxes | — | — | $2 | $0 | $11.0M | $8.8M | $5.8M | −$4.2M | −$175,000 | −$2 |
| Net income | −$18.7M | −$68.5M | −$27.0M | −$38.6M | −$27.9M | −$24.7M | −$8.4M | −$10.5M | −$175,000 | $221,731 |
| EBITDA | −$13.7M | −$62.2M | −$22.1M | −$23.3M | −$17.1M | −$18.7M | −$2.5M | −$6.4M | −$175,000 | $257,895 |
| EPS (diluted) | −$0.07 | −$0.67 | −$0.43 | −$0.77 | −$0.96 | −$1.35 | −$1.54 | $10.66 | −$1.06 | $0.56 |
| Gross margin | 9.8% | 30.0% | 45.3% | 55.1% | −28.8% | — | — | — | — | 33.7% |
| Operating margin | −7,489.3% | −6,953.6% | −7,330.4% | −26,966.4% | −54,833.8% | — | — | — | — | −0.1% |
| Net margin | −2,738.1% | −18,375.9% | −7,548.0% | −28,451.4% | −89,304.9% | — | — | — | — | 6.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6M | $3.7M | $198,000 | $384,000 | $61,000 | $39,000 | $62,000 | $101,000 | $183,000 | $74,893 | $74,893 | $50,000 |
| Cost of revenue | $6.7M | $4.4M | $296,000 | $258,000 | $35,000 | $26,000 | $28,000 | $92,000 | $125,000 | $64,523 | $64,523 | $24,000 |
| Gross profit | −$1.2M | −$721,000 | −$98,000 | $126,000 | $26,000 | $13,000 | $34,000 | $9,000 | $58,000 | $10,370 | $10,370 | $26,000 |
| Research & development | $8.4M | $7.0M | $7.0M | $4.5M | $6.0M | $3.0M | $4.8M | $2.2M | $2.1M | $1.6M | $1.6M | $2.3M |
| Sales, general & admin | $13.4M | $12.9M | $15.1M | $6.0M | $4.2M | $5.3M | $4.2M | $3.2M | $3.2M | $1.0M | $6.3M | $4.3M |
| Total operating expenses | $21.8M | $19.8M | $22.1M | $10.5M | $10.2M | $8.3M | $8.9M | $5.4M | $5.5M | $7.9M | $8.0M | $6.6M |
| Operating income | −$23.0M | −$20.6M | −$22.2M | −$10.4M | −$10.2M | −$8.3M | −$8.9M | −$5.4M | −$5.3M | −$7.9M | −$7.9M | −$6.6M |
| Interest income | $13.0M | $13.5M | $13.6M | $3.5M | $1.8M | $1.7M | $243,000 | $70,000 | $73,000 | $38,000 | $76,780 | $125,718 |
| Interest expense | $12,000 | $171,000 | $55,000 | $4,000 | $58,000 | $58,000 | $2.0M | $307,000 | $0 | $269,000 | $475,792 | $369,000 |
| Income before taxes | −$11.8M | −$4.0M | −$1.6M | $2.4M | −$36.5M | $17.0M | −$51.2M | −$5.7M | −$5.2M | −$8.3M | −$8.3M | −$6.8M |
| Income taxes | — | — | — | — | — | — | −$72,998 | $73,000 | — | −$3 | — | $125,718 |
| Net income | −$11.8M | −$4.0M | −$1.6M | $2.4M | −$36.5M | $17.0M | −$51.2M | −$5.7M | −$5.2M | −$8.3M | −$8.3M | −$6.8M |
| EBITDA | −$8.1M | −$1.6M | −$79,000 | $3.7M | −$35.4M | $18.0M | −$47.9M | −$4.5M | — | −$6.6M | — | −$5.6M |
| EPS (diluted) | −$0.05 | −$0.03 | −$0.04 | $0.07 | −$0.06 | −$0.04 | −$0.47 | −$0.06 | −$0.06 | −$0.08 | −$0.11 | −$0.11 |
| Gross margin | −21.0% | −19.5% | −49.5% | 32.8% | 42.6% | 33.3% | 54.8% | 8.9% | 31.7% | 13.8% | 13.8% | 52.0% |
| Operating margin | −414.6% | −556.8% | −11,220.2% | −2,709.4% | −16,673.8% | −21,246.2% | −14,377.4% | −5,384.2% | −2,878.1% | −10,557.9% | −10,557.9% | −13,222.0% |
| Net margin | −211.7% | −109.7% | −785.9% | 620.3% | −59,806.6% | 43,543.6% | −82,640.3% | −5,618.8% | −2,838.3% | −11,090.7% | −11,090.7% | −13,682.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in QUBT's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
QUBT financial results
In fiscal year 2025 (ended December 31, 2025), Quantum Computing reported revenue of $0.7 million, up 82.8% from the year before. It had a net loss of $18.7 million, a net profit margin of −2,738.1%. Diluted earnings per share came to −$0.07.
See the QUBT stock overview for the latest quote and news, or the QUBT chart for price history and technical indicators.
QUBT income statement FAQ
What is Quantum Computing's annual revenue?
Quantum Computing reported total revenue of $0.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 82.8% from $0.4 million the previous year.
Is Quantum Computing profitable?
No. Quantum Computing reported a net loss of $18.7 million in fiscal 2025, a net profit margin of −2,738.1%; its operating margin was −7,489.3%.
What is Quantum Computing's gross margin?
Quantum Computing's gross margin was 9.8% in fiscal 2025: for every $100 of revenue, Quantum Computing kept $10 after the direct cost of its products and services.
How much does Quantum Computing spend on research and development?
Quantum Computing spent $20.5 million on research and development in fiscal 2025, 3,001.9% of revenue.
What are Quantum Computing's earnings per share?
Quantum Computing earned $-0.07 per diluted share in fiscal 2025, compared with $-0.67 a year earlier.
When will Quantum Computing report its next earnings?
Quantum Computing is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Quantum Computing's fiscal year end?
Quantum Computing's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.