Quantum Computing Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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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$6.30-8.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
| Three Months Ended | ||||
|---|---|---|---|---|
| March 31, | ||||
| 2025 · 2024 | ||||
| Cash flows used in operating activities: | ||||
| Net income (loss) | $16,982 | $(6,436) | ||
| Adjustments to reconcile net income (loss) to net cash used in operations | ||||
| Depreciation and intangibles amortization | 975 | 844 | ||
| Amortization of issuance costs | - | 138 | ||
| Change in fair value of warrant liability | (23,630) | - | ||
| Provision for credit losses | - | 7 | ||
| Stock-based compensation expense | 1,387 | 1,226 | ||
| Stock-based compensation expense for services | 18 | 59 | ||
| Changes in operating assets and liabilities | ||||
| Accounts receivable | 7 | 33 | ||
| Inventories | (113) | (82) | ||
| Prepaid expenses and other current assets | (499) | (86) | ||
| Other non-current assets | - | 65 | ||
| Accounts payable | 650 | 219 | ||
| Deferred revenue | 4 | 8 | ||
| Accrued expenses and other current liabilities | (196) | 222 | ||
| Other long-term liabilities | (16) | (65) | ||
| Net cash used in operating activities | (4,431) | (3,848) | ||
| Cash flows used in investing activities: | ||||
| Purchase of property and equipment | (1,733) | (1,579) | ||
| Net cash used in investing activities | (1,733) | (1,579) | ||
| Cash flows from financing activities: | ||||
| Payments of financial liabilities | - | (2,063) | ||
| Series A preferred stock dividend payments | - | (215) | ||
| Repurchase of Series A preferred stock | - | (455) | ||
| Proceeds from exercise of warrants | 12 | - | ||
| Proceeds from issuance of common stock | 93,636 | 12,202 | ||
| Net cash provided by financing activities | 93,648 | 9,469 | ||
| Net increase in cash and cash equivalents | 87,484 | 4,042 | ||
| Cash and cash equivalents, beginning of period | 78,945 | 2,059 | ||
| Cash and cash equivalents, end of period | $166,429 | $6,101 | ||
| Supplemental disclosures of cash flow information: | ||||
| Cash paid for interest | $16 | $31 | ||
| Non-cash investing and financing activities: | ||||
| Reclassification of Series A preferred stock to mezzanine equity | $ | - | $8,195 | |
| Common stock awards issued related to employee bonuses | $1,486 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.