Revenue: As of FY2025 Q3, the actual value is USD 384 K, beating the estimate of USD 116.67 K.EPS: As of FY2025 Q3, the actual value is USD 0.01, beating the estimate of USD -0.0567.EBIT: As of FY2025 Q3, the actual value is USD -13.94 M.<h3>Segment Revenue</h3><ul><li>Total revenue for the three months ended September 30, 2025, was $384 thousand, an increase of 280% compared to $101 thousand for the same period in 2024. For the nine months ended September 30, 2025, total revenue was $484 thousand, a 56% increase from $311 thousand in the prior year period.</li></ul><h3>Operational Metrics</h3><ul><li>Gross Profit: For the three months ended September 30, 2025, gross profit was $126 thousand, representing a gross margin of 33%, compared to $9 thousand and a 9% margin in the prior year. For the nine months ended September 30, 2025, gross profit was $165 thousand with a 34% margin, compared to $78 thousand and a 25% margin in 2024.</li><li>Operating Expenses: Total operating expenses for the three months ended September 30, 2025, were $10,530 thousand, a 93% increase from $5,447 thousand in 2024. For the nine months ended September 30, 2025, operating expenses were $29,026 thousand, a 70% increase from $17,101 thousand in 2024.</li><li>Net Income (Loss): The company reported a net income of $2,382 thousand for the three months ended September 30, 2025, compared to a net loss of $5,675 thousand in the prior year. For the nine months ended September 30, 2025, the net loss was $17,118 thousand, slightly improved from a net loss of $17,305 thousand in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash used in operating activities for the nine months ended September 30, 2025, was - $19,278 thousand, compared to - $12,439 thousand in the prior year.</li><li>Investing Cash Flow: Net cash used in investing activities was - $466,169 thousand for the nine months ended September 30, 2025, primarily due to the purchase of available-for-sale debt securities and property and equipment.</li><li>Financing Cash Flow: Net cash provided by financing activities was $758,938 thousand for the nine months ended September 30, 2025, mainly from the issuance of common stock.</li></ul><h3>Unique Metrics</h3><ul><li>Stock Issuance: During the nine months ended September 30, 2025, the company issued 49.1 million shares of common stock for net proceeds of $756.5 million.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue investing in research and development, particularly in its quantum optical chips and devices, which will increase operating costs. The company aims to expand its sales and marketing efforts to increase revenue from its quantum computing and related services.</li><li>Non-Core Business: The company is exploring additional capital sources, including U.S. government grants and loans, to support its operations and strategic growth initiatives.</li></ul>

Quantum Computing | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 384 K