Quantum Computing Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
QUBT$6.86+8.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(Unaudited, in thousands, except par value data)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $166,429 | $78,945 |
| Accounts receivable, net | 20 | 27 |
| Inventory | 131 | 18 |
| Prepaid expenses and other current assets | 660 | 161 |
| Total current assets | 167,240 | 79,151 |
| Property and equipment, net | 9,976 | 8,212 |
| Operating lease right-of-use assets | 1,419 | 1,522 |
| Intangible assets, net | 8,196 | 8,972 |
| Goodwill | 55,573 | 55,573 |
| Other non-current assets | 129 | 129 |
| Total assets | $242,533 | $153,559 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,022 | $1,372 |
| Accrued expenses | 647 | 2,134 |
| Deferred revenue | 83 | 79 |
| Other current liabilities | 990 | 974 |
| Total current liabilities | 3,742 | 4,559 |
| Derivative liability | 16,902 | 40,532 |
| Operating lease liabilities | 1,062 | 1,181 |
| Total liabilities | 21,706 | 46,272 |
| Contingencies (see Note 9) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value, 1,550 shares Series A Preferred authorized; no shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively; 3,080 thousand shares of Series B Preferred Stock authorized; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 | - | - |
| Common stock, $0.0001 par value, 250,000 thousand shares authorized; 137,322 thousand and 129,012 thousand shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 14 | 13 |
| Additional paid-in capital | 404,313 | 307,756 |
| Accumulated deficit | (183,500) | (200,482) |
| Total stockholders’ equity | 220,827 | 107,287 |
| Total liabilities and stockholders’ equity | $242,533 | $153,559 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.