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Quantum Computing (QUBT) investor relations material
Quantum Computing Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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.
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