Quantum Computing Inc.

For the period ended Sep 30, 2025. Filed Nov 14, 2025.

About 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

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(Unaudited, in thousands, except per share data)

Three Months Ended · Nine Months Ended
	September 30,		September 30,
	2025	2024	2025	2024
Total revenue	$384	$101	$484	$311
Cost of revenue	258	92	319	233
Gross profit	126	9	165	78
Operating expenses
Research and development	4,509	2,244	13,469	6,560
Sales and marketing	787	363	2,139	1,243
General and administrative	5,234	2,840	13,418	9,298
Total operating expenses	10,530	5,447	29,026	17,101
Loss from operations	(10,404)	(5,438)	(28,861)	(17,023)
Non-operating income (expense)
Interest and other income	3,544	70	7,083	180
Interest expense	(4)	(307)	(120)	(462)
Change in fair value of derivative liability	9,246	-	4,780	-
Income (loss) before income tax provision	2,382	(5,675)	(17,118)	(17,305)
Income tax provision	-	-	-	-
Net income (loss)	2,382	(5,675)	(17,118)	(17,305)
Other comprehensive loss
Unrealized losses on available-for-sale debt securities	(26)	-	(26)	-
Total comprehensive income (loss)	$2,356	$(5,675)	$(17,144)	$(17,305)
Income (Loss) per share:
Basic	$0.01	$(0.06)	$(0.12)	$(0.19)
Diluted	$0.01	$(0.06)	$(0.12)	$(0.19)
Weighted average shares used in computing net income (loss) per common share:
Basic	160,399	93,048	145,752	89,063
Diluted	166,833	93,048	145,752	89,063

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.