Quantum Computing Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 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.
Jun 30, 2025 · Filed Aug 14, 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
| Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | ||||
| 2025 · 2024 | ||||
| Cash flows from operating activities: | ||||
| Net income (loss) | $(19,500) | $(11,630) | ||
| Adjustments to reconcile net income (loss) to net cash used in operations | ||||
| Depreciation and intangibles amortization | 1,862 | 1,691 | ||
| Amortization of issuance costs | - | 138 | ||
| Change in fair value of derivative liability | 4,466 | - | ||
| Amortization of operating lease right-of-use assets | 222 | 128 | ||
| Other recognized losses (gains) | - | 16 | ||
| Stock-based compensation expense | 3,165 | 1,917 | ||
| Stock-based compensation expense for services | 18 | 19 | ||
| Change in operating assets and liabilities | ||||
| Accounts receivable | (69) | 9 | ||
| Inventory | (348) | (193) | ||
| Prepaid expenses and other current assets | (844) | (124) | ||
| Other non-current assets | (2) | (4) | ||
| Accounts payable | - | 210 | ||
| Deferred revenue | 102 | 104 | ||
| Accrued expenses and other current liabilities | 618 | (11) | ||
| Operating lease liabilities | (224) | (132) | ||
| Net cash used in operating activities | (10,534) | (7,862) | ||
| Cash flows from investing activities: | ||||
| Purchase of property and equipment | (2,757) | (2,656) | ||
| Net cash used in investing activities | (2,757) | (2,656) | ||
| Cash flows from financing activities: | ||||
| Payments of financial liabilities, net of interest | - | (2,063) | ||
| Series A Preferred stock dividend payments | - | (215) | ||
| Repurchase of Series A preferred stock | - | (1,366) | ||
| Proceeds from stock issuance related to ATM facility | - | 14,629 | ||
| Proceeds from exercise of warrants | 1,462 | - | ||
| Proceeds from issuance of common stock | 281,642 | - | ||
| Net cash provided by financing activities | 283,104 | 10,985 | ||
| Net increase in cash and cash equivalents | 269,813 | 467 | ||
| Cash and cash equivalents, beginning of period | 78,945 | 2,059 | ||
| Cash and cash equivalents, end of period | $348,758 | $2,526 | ||
| Supplemental disclosures of cash flow information: | ||||
| Cash paid for interest | $ | - | $31 | |
| Non-cash investing and financing activities: | ||||
| Leased assets obtained in exchange for new operating lease liabilities | $776 | $ | - | |
| Reclassification of Series A preferred stock to mezzanine equity | $ | - | $8,195 | |
| Fair value of derivative liability reclassed to additional paid-in capital due to exercise of warrants | $20,404 | $ | - | |
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