Quantum Computing (QUBT) investor relations material

Executive summary

• Achieved commercial traction with customer orders for quantum systems and photonic chip foundry, including sales to leading research institutions and industry partners in Europe, Asia, and the U.S.

• Focused on delivering practical, high-performance quantum and photonic technologies with two main revenue streams: quantum machines and photonic chip foundry.

• Completed and opened a state-of-the-art quantum photonic chip facility in Tempe, Arizona, now fully operational and fulfilling pre-orders.

• Strengthened leadership team with new CEO, CFO, COO, and CRO appointments, and added to Russell 3000 and 2000 indices, increasing institutional visibility.

• Secured key contracts with government agencies, including NASA and the US Department of Commerce, and expanded commercial sales in AI and cybersecurity.

Financial highlights

• Q2 2025 revenue was $61,000, down 67% year-over-year; gross margin rose to 43% from 32% year-over-year.

• Operating expenses increased to $10.2M from $5.3M year-over-year, mainly due to higher employee and R&D costs.

• Net loss attributable to common stockholders was $36.5M ($0.26/share) in Q2, compared to $5.2M in Q2 2024, driven by a $28M non-cash loss on warrant-related derivative liability.

• Cash and equivalents at quarter-end were $348.8M, up $269.8M from year-end 2024, bolstered by $188M in net proceeds from a private placement.

• Total assets reached $426M, liabilities decreased to $30M, and stockholders' equity rose to $396M as of June 30, 2025.

Outlook and guidance

• Plans to integrate quantum machines with nanophotonic chips over the next two to three years to enhance performance and reduce size, weight, power, and cost.

• Foundry expected to contribute significant revenue in the next 12–18 months as production ramps.

• Management expects continued operating losses and increased expenses as investments in R&D and go-to-market programs continue.

• Current cash position is expected to be sufficient to meet liquidity needs for at least the next 12 months.

• Continued hiring and investment in R&D and sales to accelerate technology development; strategic M&A opportunities under consideration.