Short answer
Quantum Computing Inc. (QUBT) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $4M (up 9364.1% year over year) with net income of −$4M.
Q1 2026 key financials · XBRL
- Revenue
- $4M
- +9364.1% YoY
- Net income
- −$4M
- −123.8% YoY
- Operating margin
- -556.8%
- EPS (diluted)
- −$0.02
- −118.2% YoY
Source: XBRL data from the Quantum Computing Inc. (QUBT) Q1 2026 10-Q on SEC EDGAR. USD.
Quantum Computing Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3.7M vs $39K YoY, with acquisitions contributing $3.5M
- Gross margin -20% vs 33% YoY, driven by production under-absorption
- Operating loss $20.6M vs $8.3M; net loss $4.1M vs $17.0M net income
- Cash $257.7M plus investments $1.2B; operating cash use $9.4M vs $4.4M
- Investing cash use $474.3M, including $99.9M acquisitions and $372.5M securities purchases
- Outlook: additional losses expected; underutilization and acquisition amortization headwinds; liquidity sufficient for at least twelve months
Risk Factors
- New execution risk triggered by LSI and NuCrypt acquisitions plus Arizona facility and planned “FAB 2” scaling
- Integration delays or permitting issues could increase costs, constrain shipments, and compress margins
- Trade restrictions involving China and geopolitical conflicts could disrupt single-source photonic component availability
- Thin-film lithium niobate expansion expected to increase operating expenses and pressure gross margins during qualification
- Additional financing may be needed sooner than planned, potentially causing dilution, debt covenants, or reduced development efforts
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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