Quantum Computing Inc. Reports Q2 2025 Earnings: Strategic Advances Amid Financial Challenges

Quantum Computing Inc. reported Q2 2025 earnings with $61,000 in revenue, a net loss of $36 million, and operating expenses of $10.2 million. Despite financial challenges, the company secured customer orders, shipped its first commercial entangled photon source, and strengthened its capital position with a $200 million financing. Key growth areas will be supported through strategic investments and hiring additional engineers and sales staff.

Quantum Computing Inc. (QCi) has released its financial results for the second quarter of 2025, showing a decline in revenue and an increase in net loss, but a significant strengthening of its capital position. The company reported revenue of $61,000, a decrease of 66.6% from the same period last year, and a net loss of $36 million, up from $5 million in Q2 2024. Operating expenses for the quarter totaled $10.2 million, nearly doubling from the previous year's $5.3 million.

Despite these financial challenges, QCi secured several customer orders and made significant strides in its technological developments. The company secured an order for its Quantum Photonic Vibrometer (QPV) from Delft University of Technology and sold its EmuCore reservoir computing device to a major global automotive manufacturer. Additionally, QCi shipped its first commercial entangled photon source to a leading research institution in South Korea, marking a step in the commercial deployment of quantum networking technologies.

A major strategic milestone was achieved with the completion and official grand opening of QCi's quantum photonic chip foundry in Tempe, Arizona. The state-of-the-art facility is now operational, fulfilling pre-orders and is positioned to scale production of thin-film lithium niobate (TFLN) photonic chips for datacom, telecom, and advanced sensing markets.

The company's balance sheet was dramatically strengthened during the quarter. Cash and cash equivalents surged to $348.8 million, a 109.6% increase from Q1 2025, fueled by $188 million in net proceeds from a private placement of common stock. As of June 30, 2025, total assets stood at $426.1 million, while total liabilities decreased to $30.1 million.

Looking ahead, QCi plans to integrate quantum machines with nanophotonic chips to reduce size, weight, power, and cost while boosting performance. The foundry will also support further development and offer services to other companies, with pre-orders already received. The company is exploring strategic opportunities to enhance its technology roadmap and revenue generation, but no immediate mergers and acquisitions are planned.

References:
[1] https://quantumcomputingreport.com/quantum-computing-inc-reports-on-its-q2-2025-financial-results/
[2] https://finance.yahoo.com/news/quantum-computing-inc-qubt-q2-072357557.html