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Quantum Computing Inc. (QUBT)
NASDAQ:QUBT
Earnings Data
Report Date
Aug 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: 39.29%
|Next Earnings Date:Aug 18, 2025
Earnings Call Sentiment|Positive
Quantum Computing Inc. has made significant progress with the completion of their Quantum Photonic Chip Foundry and new collaborations, enhancing their financial position. However, challenges such as decreased gross margin and increased operating expenses present areas for caution. The overall sentiment leans positive due to the company's strong financial standing and strategic advancements.Company Guidance
During the first quarter of 2025, Quantum Computing Inc. (QCi) reported significant milestones, including the completion of their Quantum Photonic Chip Foundry in Tempe, Arizona, which is pivotal for their thin-film lithium niobate photonic integrated circuits. The company secured a fifth purchase order for foundry services from a leading Canadian research institute, demonstrating global demand. Financially, QCi reported revenues of approximately $39,000, up from $27,000 in the previous year, although gross margins decreased to 33% from 41%. Operating expenses increased to $8.3 million, largely driven by employee-based costs. However, the company reported a net income of $17 million, primarily due to a $2.6 million non-cash gain related to their QPhoton merger. Total assets rose to $242.5 million, with cash and cash equivalents at $166.4 million after raising $93.6 million from stock offerings. Total liabilities decreased to $21.7 million, reflecting adjustments in warrant liability. The company continues its strategic investments in key growth areas, including their quantum machines and TFLN chip foundry initiatives.Completion of Quantum Photonic Chip Foundry
Quantum Computing Inc. completed the construction of its Quantum Photonic Chip Foundry in Tempe, Arizona, marking a significant milestone for the company. This facility will help address growing market demand in data communications and telecommunications.
New Collaborations and Contracts
QCi announced a collaboration with the Sanders Tri-Institutional Therapeutics Discovery Institute and a new subcontract with NASA's Langley Research Center. Additionally, they secured a quantum photonic vibrometer order from Delft University and an EmuCore reservoir computing device order from a major automotive manufacturer.
Strong Financial Position
QCi reported a net income of approximately $17 million compared to a net loss of $6.4 million in the prior year, primarily due to a non-cash gain on the mark-to-market valuation of the company's warrant-related derivative liability. Cash and cash equivalents increased by $87.5 million to $166.4 million.
Expansion of Board Expertise
QCi strengthened its board with the addition of Eric Schwartz, who brings over 20 years of experience in financing, M&A, and corporate strategy, aiding the company's commercialization and manufacturing scale-up efforts.
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QUBT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QUBT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | $9.24 | $12.87 | +39.29% |
Mar 20, 2025 | $7.39 | $7.39 | 0.00% |
Nov 06, 2024 | $1.08 | $1.35 | +25.00% |
Oct 02, 2024 | $0.66 | $0.67 | +1.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Quantum Computing Inc. (QUBT) report earnings?
Quantum Computing Inc. (QUBT) is schdueled to report earning on Aug 18, 2025, TBA Not Confirmed.
What is Quantum Computing Inc. (QUBT) earnings time?
Quantum Computing Inc. (QUBT) earnings time is at Aug 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QUBT EPS forecast?
QUBT EPS forecast for the fiscal quarter 2025 (Q2) is -0.07.
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