<span item_type="fundamental" item_id="ec4ce587ec0875faca2f56783350525d" counter_id="ST/US/QUBT" env="prod"></span><span item_type="announcement" item_id="582799429622762369" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 384 K, beating the estimate of USD 116.67 K.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.01, beating the estimate of USD -0.0567.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -13.94 M.</p><p></p><h3>Financial Data and Metrics</h3><h4>Segment Revenue</h4><ul><li>Third quarter 2025 revenues: $384,000 (33% gross margin) compared to $101,000 (9% gross margin) in the third quarter of 2024. The increase is due to higher R&amp;D services and custom hardware contracts, and revenue from cloud-based access to the Dirac-3 quantum optimization system.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li>Operating expenses: $10.5 million in Q3 2025 compared to $5.4 million in Q3 2024, reflecting increased investment in R&amp;D, engineering, and manufacturing.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li><li>Net income: $2.4 million ($0.01 per basic share) in Q3 2025, compared to a net loss of $5.7 million (loss of $0.06 per basic share) in Q3 2024. The increase was primarily due to a $9.2 million gain from the mark-to-market of a derivative liability and $3.5 million in interest income.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li><li>Total assets: $898.2 million as of September 30, 2025, up from $153.6 million at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li><li>Total liabilities: $20.3 million as of September 30, 2025, down from $46.3 million at December 31, 2024, primarily due to a $25.8 million decrease in the derivative liability related to QPhoton warrants.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li><li>Shareholders’ equity: $877.9 million as of September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>Cash and cash equivalents: $352.4 million as of September 30, 2025, an increase of $273.5 million from year-end 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li><li>Investments: $460.6 million as of September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li><li>Raised gross proceeds: $500 million through a private placement of common stock during Q3 2025, and an additional $750 million subsequent to the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company has a substantial liquid position of over $1.5 billion to execute its long-term growth strategy.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li><li>QCi remains focused on technical execution, strategic hiring, and scaling its foundry and quantum systems to meet growing global demand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1758009/000121390025110846/ea026578101ex99-1_quantum.htm"></span></li></ul>

Quantum Computing | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 384 K