Quantum Computing Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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, 2026 · Filed May 11, 2026
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, | ||||
| 2026 · 2025 | ||||
| Cash flows from operating activities: | ||||
| Net (loss) income | $(4,050) | $16,982 | ||
| Adjustments to reconcile net (loss) income to net cash used in operations | ||||
| Depreciation and intangibles amortization | 1,972 | 975 | ||
| Change in fair value of derivative liability | (3,176) | (23,630) | ||
| Provision for credit losses | (23) | - | ||
| Amortization of operating lease right-of-use assets | 350 | 104 | ||
| Stock-based compensation expense | 1,246 | 1,387 | ||
| Stock-based compensation expense for services | - | 18 | ||
| Change in operating assets and liabilities | ||||
| Accounts receivable | (56) | 7 | ||
| Inventory | (690) | (113) | ||
| Accrued interest receivable | (1,678) | - | ||
| Prepaid expenses and other current assets | (3,199) | (499) | ||
| Other non-current assets | (142) | - | ||
| Accounts payable | 1,176 | 650 | ||
| Deferred revenue | 220 | 4 | ||
| Accrued expenses and other current liabilities | (1,037) | (196) | ||
| Operating lease liabilities | (336) | (104) | ||
| Other long-term liabilities | - | (16) | ||
| Net cash used in operating activities | (9,423) | (4,431) | ||
| Cash flows from investing activities: | ||||
| Purchase of property and equipment | (1,822) | (1,733) | ||
| Purchases of available-for-sale debt securities | (710,658) | - | ||
| Proceeds from sales of available-for-sale debt securities | 21,300 | - | ||
| Proceeds from maturities of available-for-sale debt securities | 316,859 | - | ||
| LSI acquisition | (97,499) | - | ||
| NuCrypt acquisition, net of cash acquired | (2,433) | - | ||
| Net cash used in investing activities | (474,253) | (1,733) | ||
| Cash flows from financing activities: | ||||
| Proceeds from exercise of warrants | - | 12 | ||
| Proceeds from issuance of common stock | 3,507 | 93,636 | ||
| Net cash provided by financing activities | 3,507 | 93,648 | ||
| Net (decrease) increase in cash | (480,169) | 87,484 | ||
| Cash and cash equivalents, beginning of period | 737,880 | 78,945 | ||
| Cash and cash equivalents, end of period | $257,711 | $166,429 | ||
| Supplemental disclosures of cash flow information: | ||||
| Cash paid for interest | $ | - | $16 | |
| Non-cash investing and financing activities: | ||||
| Common stock awards issued related to employee bonuses | $ | - | $1,486 | |
| Fair value of unissued common stock equity consideration related to business combination | $2,038 | $ | - | |
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