Here are the 10-Q quarterly reports from Quantinuum Inc. (QNT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow QNT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QNT filings page.
Quantinuum Inc. (QNT), an integrated quantum computing company, reported third-quarter revenue of $9.050 million, compared with $2.715 million a year earlier. Consolidated net loss widened to $117.851 million from $52.036 million, with $16.952 million attributable to Quantinuum Inc. For the nine months ended September 30, 2026, revenue was $22.285 million and operating cash use was $229.912 million. Cash and cash equivalents were $1,936.114 million as of September 30, 2026.
Quantinuum LLC entered a U.S. Department of Commerce CHIPS Act agreement for an award of up to $100.0 million, including a $56.0 million Award Date Tranche and milestone payments of $32.0 million and $12.0 million subject to specified milestones and other conditions. No amounts had been drawn as of September 30, 2026. All 2,369,528 related Class A shares were excluded from weighted-average shares for earnings per share because they were not considered issued and outstanding for accounting purposes. As of September 30, 2026, remaining performance obligations totaled $149.4 million, with 46.9% expected to be recognized over the next 12 months.
Quantinuum Inc. (QNT) completed a transformative IPO on June 5, 2026, issuing 28,500,000 Class A shares at $60.00 per share and raising about $1.63 billion in net proceeds, which were used to purchase an equivalent number of Common Units in Quantinuum Holdings. This, along with related reorganization steps, created an Up‑C structure in which Quantinuum Inc. owns 13.7% of Quantinuum Holdings and Continuing Common Unitholders own 86.3%, reflected as a large non‑controlling interest.
For the six months ended June 30, 2026, revenue was $13.2 million, down from $21.2 million a year earlier, largely because 2025 included $16.5 million of sales‑type lease hardware revenue recognized at a point in time. Operating expenses rose sharply, driven by $447.5 million of stock‑based compensation recorded upon and after the IPO, pushing the net loss to $733.1 million, of which $65.4 million is attributable to Quantinuum Inc. Cash and cash equivalents increased to $2.11 billion, after $1.51 billion of net cash provided by financing activities, against $129.1 million used in operations and $39.2 million of capital expenditures. The company reports remaining performance obligations of $74.2 million and continues to invest heavily in R&D to develop its full‑stack quantum computing platform.