PR Newswire·Nov 9, 2026, 4:05 PM ET

Quantum Computing Inc. Reports Third Quarter 2026 Financial Results

QUBT

Quantum Computing Inc. reported third-quarter 2026 revenue of $9.5 million, surpassing the $9.2 million generated in the entire first half of 2026.
Revenue growth was driven by acquired businesses including Luminar Semiconductors, NuCrypt, and NHanced, which provide photonic components, quantum communications, and advanced packaging services to aerospace, government, and industrial markets.
Gross profit totaled approximately $428 thousand, resulting in a gross margin of 4.5%, as the company focuses on increasing manufacturing utilization.
Total operating expenses reached $29.0 million, an increase from $10.5 million in the prior-year period, primarily due to higher personnel costs, expanded R\&D, sales, marketing, and $1.0 million in acquisition-related expenses.
Interest and other income amounted to $13.0 million, up from $3.5 million in Q3 2025, reflecting earnings on larger cash and investment balances.
The company reported a net loss of $15.1 million, or $0.07 per basic share, for the quarter.
QCi ended the quarter with approximately $1.3 billion in cash, cash equivalents, and investments, including $174.3 million in cash and $1.1 billion in short- and long-term investments.
Contract backlog stood at approximately $39.1 million as of September 30, 2026.
The company integrated acquired businesses to expand capabilities in photonic design, semiconductor fabrication, and advanced packaging while serving established commercial markets.
QCi entered a framework agreement with Hamad Bin Khalifa University to support quantum education, research, and cloud access to its Dirac-3 optimization system.
A commercial agreement was signed with INmune Bio to apply QCi's Dirac quantum optimization technology to clinical data for Alzheimer's treatment, marking the company's first customer in the pharmaceutical sector.
A conference call to discuss these results is scheduled for November 9, 2026, at 4:30 p.m. Eastern Time.

Company: Quantum Computing Inc.
Keywords: Quantum Computing Inc.