Quantum Computing Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 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.
Sep 30, 2025 · Filed Nov 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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | ||||
| 2025 · 2024 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(17,118) | $(17,305) | ||
| Adjustments to reconcile net loss to net cash used in operations | ||||
| Depreciation and intangibles amortization | 3,038 | 2,542 | ||
| Amortization of issuance costs | - | 323 | ||
| Change in fair value of derivative liability | (4,780) | - | ||
| Amortization of operating lease right-of-use assets | 373 | 206 | ||
| Other recognized losses (gains) | - | 31 | ||
| Stock-based compensation expense | 6,236 | 2,680 | ||
| Stock-based compensation expense for services | 18 | 21 | ||
| Change in operating assets and liabilities | ||||
| Accounts receivable | (464) | 2 | ||
| Inventory | (938) | (168) | ||
| Accrued interest receivable | (4,889) | - | ||
| Prepaid expenses and other current assets | (724) | (115) | ||
| Other non-current assets | (2) | - | ||
| Accounts payable | (202) | (539) | ||
| Deferred revenue | 244 | 48 | ||
| Accrued expenses and other current liabilities | 336 | 20 | ||
| Operating lease liabilities | (406) | (185) | ||
| Net cash used in operating activities | (19,278) | (12,439) | ||
| Cash flows from investing activities: | ||||
| Purchase of property and equipment | (5,534) | (3,170) | ||
| Purchases of available-for-sale debt securities | (460,635) | - | ||
| Net cash used in investing activities | (466,169) | (3,170) | ||
| Cash flows from financing activities: | ||||
| Proceeds raised from financial liabilities, net of issuance costs | - | 6,995 | ||
| Payments of financial liabilities, net of interest | - | (2,063) | ||
| Series A Preferred stock dividend payments | - | (215) | ||
| Repurchase of Series A preferred stock | - | (2,732) | ||
| Proceeds from stock issuance related to ATM facility | - | 14,629 | ||
| Proceeds from exercise of warrants | 2,411 | - | ||
| Proceeds from issuance of common stock | 756,527 | - | ||
| Net cash provided by financing activities | 758,938 | 16,614 | ||
| Net increase in cash and cash equivalents | 273,491 | 1,005 | ||
| Cash and cash equivalents, beginning of period | 78,945 | 2,059 | ||
| Cash and cash equivalents, end of period | $352,436 | $3,064 | ||
| 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 | $1,371 | $777 | ||
| Fair value of derivative liability reclassed to additional paid-in capital due to exercise of warrants | $21,009 | $ | - | |
| Reclassification of Series A preferred stock to mezzanine equity | $ | - | $8,195 | |
| Valuation of derivative associated with convertible financial liability | $ | - | $666 | |
| Issuance of stock awards expensed in 2024, awarded in 2025 | $1,506 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.