Earnings Releases·Nov 9, 2026, 4:09 PM ET

Quantum Computing Inc. — Third Quarter 2026 Earnings Summary

Revenue surged to $9.5 million in Q3 2026 from $384 thousand in the prior-year period, exceeding the $9.2 million generated in the first half of 2026, driven primarily by the integration of LSI, NuCrypt, and NHanced acquisitions.
The Company reported a net loss of $15.1 million ($0.07 per share) compared to a net income of $2.382 million ($0.01 per share) in Q3 2025, with total operating expenses rising to $29.0 million due to expanded R&D, sales/marketing, and $1.0 million in acquisition-related costs.
Contract backlog reached $39.1 million as of September 30, 2026, while deferred revenue increased to $4.162 million from $395 thousand at the end of 2025.
Strategic milestones include the first commercial agreement with INmune Bio in the pharmaceutical sector and a framework agreement with Hamad Bin Khalifa University for quantum education and cloud access to the Dirac-3 system.
The balance sheet remains robust with approximately $1.3 billion in cash, cash equivalents, and investments, including $174.3 million in liquid cash, while management prioritizes scaling manufacturing and commercial deployment.