Quantum Computing Inc (QUBT) Q2 2026 revenue jumps as net loss narrows
Rhea-AI Filing Summary
Quantum Computing Inc. reported strong top-line growth for the quarter ended June 30, 2026, with revenue of $5.551 million, up from $61 thousand a year earlier. Higher cost of revenue of $6.717 million led to a gross loss of $1.166 million.
Operating expenses expanded significantly, with research and development of $8.428 million, sales and marketing of $1.932 million, and general and administrative of $11.487 million, resulting in a loss from operations of $23.013 million versus $10.171 million in 2025.
Non-operating items were a key driver: interest and other income rose to $12.954 million and the change in fair value of derivative liability was a $1.682 million loss, together helping narrow net loss to $11.753 million from $36.482 million. The company ended June 30, 2026 with a substantial liquidity position, including cash and cash equivalents of $189.150 million, short-term investments of $765.020 million, long-term investments of $369.284 million, total assets of $1.639 billion, and stockholders’ equity of $1.592 billion.
Positive
- Revenue surged to $5.551 million in Q2 2026 from $61 thousand in Q2 2025, showing a very large year-over-year increase in sales.
- Net loss narrowed markedly to $11.753 million from $36.482 million a year earlier, helped by higher interest and other income.
- The company reported a strong balance sheet with total assets of $1.639 billion and stockholders’ equity of $1.592 billion at June 30, 2026.
Negative
- Loss from operations widened to $23.013 million from $10.171 million in Q2 2025, reflecting significantly higher operating expenses.
- The company generated a gross loss of $1.166 million in Q2 2026 compared with a gross profit of $26 thousand in Q2 2025.
- Operating expenses more than doubled year over year, reaching $21.847 million in Q2 2026 versus $10.197 million in Q2 2025.
Filing Explained
Reported common shares outstanding were higher at June 30, 2026—226,319 thousand versus 224,165 thousand at December 31, 2025.
This Form 8-K reports the quarter ended
The balance sheet reports 226,319 thousand common shares issued and outstanding at
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q2 2026 Revenue: $5.551 million
Q2 2026 Net Loss: $11.753 million
Q2 2026 Loss from Operations: $23.013 million
+5 more
8 metrics
Q2 2026 Revenue
$5.551 million
Three months ended June 30, 2026
Q2 2026 Net Loss
$11.753 million
Three months ended June 30, 2026
Q2 2026 Loss from Operations
$23.013 million
Three months ended June 30, 2026
Cash and Cash Equivalents
$189.150 million
Balance sheet as of June 30, 2026
Short-Term Investments
$765.020 million
Balance sheet as of June 30, 2026
Total Assets
$1.639 billion
Balance sheet as of June 30, 2026
Q2 2026 R&D Expense
$8.428 million
Three months ended June 30, 2026
Total Stockholders’ Equity
$1.592 billion
Balance sheet as of June 30, 2026
Key Terms
derivative liability, other comprehensive loss, operating lease right-of-use assets, additional paid-in capital, +1 more
5 terms
derivative liability financial
"Change in fair value of derivative liability | | | (1,682 | )"
A derivative liability is an obligation a company owes because of a derivatives contract—such as an option, future, swap, or forward—that has moved against it and now has negative value. Think of it like a settled bet that turned into a bill: if market moves go the other way, the company may have to pay cash or deliver assets. Investors care because these liabilities can create sudden losses, add leverage or counterparty risk, and change a company’s true financial exposure beyond its everyday operations.
other comprehensive loss financial
"Other comprehensive loss: | | | (945 | )"
operating lease right-of-use assets financial
"Operating lease right-of-use assets | | | 23,146"
An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.
additional paid-in capital financial
"Additional paid-in capital | | | 1,830,836"
Amount of money shareholders have paid to a company for shares that is above the stock’s nominal or par value; think of it as the extra premium paid when a group buys a ticket that has a low listed price. It matters to investors because it represents permanent capital on the balance sheet that can cushion losses, affect book value per share and indicate how much fresh cash equity holders have contributed beyond the minimum share value.
accumulated other comprehensive (loss) income financial
"Accumulated other comprehensive (loss) income | | | (3,862 | )"
Accumulated other comprehensive (loss) income is a running total on a company’s balance sheet that captures certain unrealized gains and losses that are excluded from regular profit and loss, such as currency translation shifts, some investment value changes, and pension plan adjustments. Think of it like value swings recorded in a side ledger for items not yet sold; it matters to investors because large or growing balances can signal hidden volatility or future effects on shareholders’ equity when those unrealized items are settled.
Earnings Snapshot
Revenue (Q2 2026): $5.551 million
three and six months ended June 30, 2026
Revenue (Q2 2026)
$5.551 million
up from $61 thousand in Q2 2025
Net Loss (Q2 2026)
$11.753 million
improved from $36.482 million in Q2 2025
Loss per Share (Q2 2026)
$0.05 basic and diluted
compared with $0.26 basic and diluted in Q2 2025
Revenue (Six Months 2026)
$9.242 million
up from $100 thousand in the six months ended June 30, 2025
Net Loss (Six Months 2026)
$15.803 million
versus $19.500 million in the six months ended June 30, 2025
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Quantum Computing Inc. (QUBT) perform financially in Q2 2026?
Quantum Computing Inc. reported Q2 2026 revenue of $5.551 million and a net loss of $11.753 million. Revenue rose sharply from $61 thousand a year earlier, while net loss narrowed from $36.482 million due to higher interest and other income.
What were the main expenses for QUBT in the quarter ended June 30, 2026?
Key Q2 2026 expenses included $8.428 million in research and development, $1.932 million in sales and marketing, and $11.487 million in general and administrative. Total operating expenses reached $21.847 million, up from $10.197 million in Q2 2025.
What was Quantum Computing Inc.’s operating loss and net loss in Q2 2026?
For Q2 2026, Quantum Computing Inc. recorded a loss from operations of $23.013 million and a net loss of $11.753 million. A year earlier, loss from operations was $10.171 million and net loss was $36.482 million.
How strong is Quantum Computing Inc. (QUBT)’s balance sheet as of June 30, 2026?
As of June 30, 2026, the company reported total assets of $1.639 billion and stockholders’ equity of $1.592 billion. Cash and cash equivalents were $189.150 million, with short-term and long-term investments of $765.020 million and $369.284 million, respectively.
What was QUBT’s revenue and cost of revenue for the six months ended June 30, 2026?
For the six months ended June 30, 2026, Quantum Computing Inc. generated revenue of $9.242 million and cost of revenue of $11.129 million. In the same period of 2025, revenue was $100 thousand and cost of revenue was $61 thousand.