Prnewswireยท2025-11-14 21:05Core Insights - Quantum Computing Inc. (QCi) reported a significant revenue increase of 280% year-over-year for Q3 2025, driven by sales growth and demand for its products, including a notable sale to a top 5 U.S. bank [2][6] - The company ended Q3 2025 with $352 million in cash and $461 million in investments, raising an additional $750 million post-quarter, resulting in a total liquid position exceeding $1.5 billion [3][6] - QCi achieved a net income of $2.4 million for Q3 2025, a turnaround from a net loss of $5.7 million in the same period last year, primarily due to a gain from the mark-to-market of a derivative liability [6][13] Financial Highlights - Q3 2025 revenues were approximately $384,000 with a gross margin of 33%, compared to $101,000 and 9% gross margin in Q3 2024 [6][13] - Operating expenses for Q3 2025 totaled $10.5 million, up from $5.4 million in Q3 2024, reflecting ongoing investments in R&D and manufacturing [6][13] - Total assets increased to $898.2 million as of September 30, 2025, from $153.6 million at the end of 2024, with cash and cash equivalents rising by $273.5 million [6][13] Operational Highlights - QCi made strides in commercial traction with its quantum AI and cybersecurity solutions, including a purchase order from a top 5 U.S. bank for quantum security solutions [6] - The company continued its collaboration with NASA, applying its Dirac-3 quantum optimization machine to enhance atmospheric sensing capabilities [6] - QCi is expanding its photonic chip foundry operations in Arizona, focusing on stabilizing production processes and planning for a larger facility to support higher-volume production [11]