QUBT at a glance
Quantum Computing Inc. (QUBT, SEC CIK 1758009) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on October 2, 2026 and Form 4 insider filings as recently as August 24, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Quantum Computing Inc. (QUBT) reported revenue of $682,000 (up 82.8% from FY2024) and a net loss of $18.7 million. Diluted EPS was -$0.11.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding Quantum Computing Inc. (QUBT) shares worth $513.3 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $682K
- +82.8% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 31 funds
- $513.3M · −2 vs prior quarter
- Latest 8-K
- Sep 8, 2026
- Current report
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Integrated photonics and non-linear quantum optics-based quantum computing and related applications with room-temperature, low-power machines
- New products: Dirac-3 EQC quantum optimizer launched Q1 2024; AI photonic reservoir computer "Neurawave" launched Nov 2025; Quantum Photonic Vibrometer launched July 2023
- Strategic shift: 2026 acquisition of Luminar Semiconductor broadens photonic chip design, packaging, and aerospace/defense market reach
- Quantitative metrics: Constructed Arizona State University TFLN chip R&D and manufacturing facility (AZ Chips Facility) by March 2025; operates ~100+ patents including 23 from Luminar acquisition
- Noteworthy fact: EQC architecture uniquely leverages environmental feedback for quantum states, enabling operation in standard server rooms without cryogenics or special cooling
Risk Factors
- Regulatory risk: IRS Sections 382 and 383 limit use of net operating loss carryforwards after ownership changes, including QPhoton Merger impact
- Geopolitical threat: U.S.-China tensions risk loss of access to key suppliers, impacting manufacturing of quantum computer components sourced from China
- Operational vulnerability: Dependence on single suppliers for some quantum computer materials risks supply disruption and production delays
- Competitive risk: Competitors include IBM, Google, Microsoft, Amazon, and IonQ with greater resources, impacting market share and pricing power
- Financial risk: Accumulated deficit $219.2M as of 2025 with ongoing net losses and negative cash flows threatens sustainability without additional capital
Management Discussion & Analysis
- Revenue $682K in 2025, up 83% YoY from $373K in 2024; Product revenue surged 1063% to $314K, services $368K up 6%
- Gross margin declined to 10% in 2025 from 30% in 2024; gross profit $67K vs $112K, due to higher direct labor on new product assembly
- General & administrative expenses grew 111% to $27.2M, largest expense segment; R&D up 81% to $20.5M; sales/marketing up 89% to $3.4M
- Net loss improved 73% to $18.7M in 2025 from $68.5M in 2024; operating loss widened 97% to $51.1M; non-operating income $32.4M vs expense $42.6M
- Cash rose to $738M with $782.5M investments; financing activities provided $1.48B driven by $1.48B equity raise; capex/investing used $788M mainly for equipment and securities
- Management notes lengthy commercialization timeline, macroeconomic uncertainty, US tariffs risk, and ongoing expenses for Luminar acquisition integration
AI summary of the QUBT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $5.6M vs $61K YoY, with acquisitions contributing $5.1M
- Gross margin -21% vs 43% YoY; operating loss $23.0M vs $10.2M
- Acquisitions added $2.4M to operating expenses; G&A increased 224% to $11.5M
- Cash $189.2M and investments $1.1B; operating cash use $23.3M for six months
- Investing cash use $529.7M, including $168.7M acquisitions and $356.5M securities purchases
- Near-term headwinds: under-utilized facilities, acquisition amortization, macroeconomic conditions, and continued operating losses
Risk Factors
- New acquisition and capacity-expansion execution risk triggered by LSI, NuCrypt, NHanced integration and Arizona FAB 2 scaling
- Supplier concentration risk from single-source photonic integrated circuits and III-V components
- New generative-AI intellectual-property risk from limited protection for AI-created code and inventions
- Privacy compliance risk with GDPR penalties up to €20 million or 4% of annual global revenue
- Capital-intensity risk from thin-film lithium niobate expansion, near-term operating-expense increases and gross-margin pressure
AI summary of the QUBT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- Audited statements support QUBT’s NHanced Semiconductors transaction, with financials covering years ended June 30, 2025 and 2024
- Revenue rose to $57.1M from $36.2M, while net income increased to $15.7M from $8.8M
Item 2.02: Results of Operations and Financial Condition
- Exhibit 99.1 furnished under Item 2.02, limiting Section 18 liability exposure
- Exhibit not incorporated into registration statements unless expressly referenced
Item EX-99.1: Item EX-99.1
- Q2 revenue $5.6M versus $61K, but gross loss $1.2M signals commercialization remains unprofitable
- Net loss narrowed to $11.8M from $36.5M, primarily reflecting derivative fair-value losses falling to $1.7M from $28.1M
AI summaries of QUBT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for QUBT
Don't miss the next QUBT filing
- Alerts as it files. A push when QUBT files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut QUBT, by share count.
- Ask anything. An AI agent that reads every QUBT filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Huang Yuping | X | Aug 20, 2026 | 584,897 | - |
| Huang Yuping | X | Aug 20, 2026 | 584,897 | - |
| Huang Yuping | A | Aug 20, 2026 | 584,897 | $0.00 |
| Begliarbekov Milan | A | May 28, 2026 | 9,979 | - |
| Huang Yuping | A | May 28, 2026 | 58,558 | - |
| Huang Yuping | A | May 28, 2026 | 23,588 | - |
| Begliarbekov Milan | A | May 28, 2026 | 24,774 | - |
| Dianat Pouya | A | May 28, 2026 | 24,774 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $373K | $682K |
| Gross Profit | - | $112K | $67K |
| Operating Income | - | -$25.9M | -$51.1M |
| Net Income | - | -$68.5M | -$18.7M |
| Gross Margin | - | 30.0% | 9.8% |
| Op. Margin | - | -6953.6% | -7489.3% |
| Net Margin | - | -18375.9% | -2738.1% |
| Balance Sheet | |||
| Total Assets | $78.7M | $153.6M | $1.6B |
| Equity | $73.3M | $107.3M | $1.6B |
| ROE | - | -63.9% | -1.2% |
| Per Share | |||
| EPS | - | $-0.73 | $-0.11 |
| Cash Flow | |||
| Operating CF | - | -$16.2M | -$30.3M |
| CapEx | - | $6.0M | $6.7M |
Source: XBRL data in Quantum Computing Inc. (QUBT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate QUBT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $513.3M |
| Q1 2026 | 33 | $357.1M |
| Q4 2025 | 29 | $622.6M |
| Q3 2025 | 30 | $866.1M |
| Q2 2025 | 23 | $615.4M |
| Q1 2025 | 18 | $117.2M |
| Q4 2024 | 12 | $137.8M |
| Q3 2024 | 3 | $251,000 |
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- Franklin Resources−64.2K
- Principal Financial Group−14.8K
Source: 13F-HR filings on SEC EDGAR (aggregated from 179 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
QUBT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 2, 2026 | - | - | - |
| 8-K | Sep 8, 2026 | - | Analysis | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 8-K | Jun 30, 2026 | - | Analysis | - |
| 8-K | Jun 23, 2026 | - | Analysis | - |
| 4 | Jun 1, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 8-K | May 18, 2026 | - | Analysis | |
| 10-Q | May 11, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 11, 2026 | - | Analysis | |
| 8-K | Apr 17, 2026 | - | Analysis | - |
| 4 | Apr 14, 2026 | - | - | - |
| 4 | Apr 14, 2026 | - | - | - |
| 4 | Apr 14, 2026 | - | - | - |
| 4 | Apr 14, 2026 | - | - | - |
| 4 | Apr 14, 2026 | - | - | - |
| 4 | Mar 11, 2026 | - | - | - |
| 8-K | Mar 5, 2026 | - | Analysis | - |
| 8-K | Mar 2, 2026 | - | Analysis | - |
| 10-K | Mar 2, 2026 | Dec 31, 2025 | Analysis |
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QUBT SEC filings: frequently asked questions
Which institutions hold QUBT stock?
As of June 30, 2026, the largest Quantum Computing Inc. (QUBT) holders among the 13F filers tracked by SignalX were BlackRock ($172.0 million), Vanguard Capital Management LLC ($85.8 million), Vanguard Portfolio Management LLC ($63.7 million), State Street Corp ($47.7 million), Morgan Stanley ($31.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was QUBT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Quantum Computing Inc. (QUBT) reported revenue of $682,000 (up 82.8% from FY2024) and a net loss of $18.7 million. Diluted EPS was -$0.11. The figures come from the XBRL data in the 10-K.
What are the main risks in QUBT's latest 10-K?
In the 10-K filed March 2, 2026, Quantum Computing Inc. (QUBT) flagged: Regulatory risk: IRS Sections 382 and 383 limit use of net operating loss carryforwards after ownership changes, including QPhoton Merger impact. Geopolitical threat: U.S.-China tensions risk loss of access to key suppliers, impacting manufacturing of quantum computer components sourced from China. (AI summary of the Risk Factors section.)
What did QUBT report in its latest 8-K?
Quantum Computing Inc. (QUBT) filed an 8-K on September 8, 2026. Audited statements support QUBT’s NHanced Semiconductors transaction, with financials covering years ended June 30, 2025 and 2024.
What are the latest QUBT SEC filings?
Quantum Computing Inc. (QUBT) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on October 2, 2026 and a Form 4 insider filing on August 24, 2026.
What is QUBT's SEC CIK number?
Quantum Computing Inc. (QUBT)'s SEC Central Index Key (CIK) is 1758009. EDGAR lists every QUBT filing under that number.
Ask anything about QUBT
The research agent reads QUBT's filings, financials, insider trades and 13F holders, then answers with sources.