Quantum Computing Inc. Posts Q3 Results, Bolsters Cash to Over $1.5 Billion

Overview

• Q3 2025 revenue came in at approximately $384,000 with a 33% gross margin as the company began recognizing Dirac-3 cloud access revenue.
• Net income totaled $2.4 million, driven chiefly by a $9.2 million derivative valuation gain and $3.5 million in interest income against higher operating expenses.
• QCi raised $500 million in the quarter and a further $750 million in October, resulting in more than $1.5 billion in cash and investments and total assets of $898.2 million.
• The Tempe, Arizona thin‑film lithium niobate foundry (Fab 1) is producing small batches for 10-plus orders, with early planning underway for a higher‑volume Fab 2 over the next three years.
• Commercial traction included a purchase order from a top‑5 U.S. bank for quantum security solutions and continued progress with NASA Langley using Dirac‑3 to reduce solar noise in space‑based LiDAR data.