10-Q quarterly report · filed Nov 5, 2025

Quantum-Si Inc (QSI) Q3 2025 10-Q Quarterly Report

Short answer

Quantum-Si Inc (QSI) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $552,000 (down 29.9% year over year) with net income of −$36M.

Q3 2025 key financials · XBRL

Revenue
$552,000
−29.9% YoY · −6.6% QoQ
Net income
−$36M
−41.0% YoY · −23.8% QoQ
Operating margin
-7205.3%
Gross margin
35.1%
EPS (diluted)
−$0.18
+0.0% YoY · −20.0% QoQ

Source: XBRL data from the Quantum-Si Inc (QSI) Q3 2025 10-Q on SEC EDGAR. USD.

Quantum-Si Inc Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $552K, down 29.9% YoY from $787K; product revenue $505K, down 33.9%
  • Gross margin 35.1% vs 46.6% YoY; gross profit $194K, down 47.1%
  • Best performer: service revenue $47K, up 104.3% YoY; weakest: product revenue $505K, down 33.9%
  • Operating cash use $78.4M in nine months vs $64.9M; financing provided $95.4M
  • $50.0M July offering generated $46.7M net proceeds; NIH funding constraints and longer capital sales cycles pressured demand

Risk Factors

  • New AI regulatory risk triggered by expanded artificial-intelligence and machine-learning use across administration and research
  • AI compliance exposure from evolving rules covering healthcare devices, intellectual property, transparency, bias, and discrimination
  • Data-security risk from unauthorized AI-tool use exposing intellectual property, trade secrets, or personal information
  • Competitive risk if AI benefits fail to materialize or usage becomes restricted, reducing efficiency and creating disadvantages
  • Commercial execution risk following Chief Commercial Officer Todd Bennett’s November 7, 2025 departure

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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