For the year ending 2025-12-31, QUBT had $658,935,000 increase in cash & cash equivalents over the period. -$36,984,000 in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | - | 373,000 | - | - |
| Salaries and employee related costs | - | 9,534,000 | - | - |
| Stock-based compensation | - | 5,805,000 | - | - |
| Rent and facilities | - | 751,000 | - | - |
| Professional services and legal fees | - | 2,959,000 | - | - |
| Technology & it costs | - | 1,062,000 | - | - |
| Other sales and marketing costs | - | 734,000 | - | - |
| Direct and indirect materials | - | 99,000 | - | - |
| Depreciation and amortization expense | - | 3,798,000 | - | - |
| Other operational expenses | - | 1,568,000 | - | - |
| Loss from operations | - | -25,937,000 | - | - |
| Interest expense | - | -254,000 | - | - |
| Interest and other income (expense) | - | -1,819,000 | - | - |
| (gain) loss on change in fair value of warrant liabilities | - | 40,532,000 | - | - |
| Net loss | -18,674,000 | -68,542,000 | -29,730,672 | -38,593,700 |
| Depreciation and intangibles amortization | 4,403,000 | 3,798,000 | 1,957,768 | 52,181 |
| Amortization of intangibles | - | - | - | 3,248,495 |
| Net recognized losses (gains) | - | - | -4,448 | - |
| Amortization of operating lease right-of-use assets | 540,000 | - | - | - |
| Stock-based compensation expense | 8,659,000 | 5,782,000 | 8,722,766 | 13,885,913 |
| Accrual of debt discount | - | - | - | 132,998 |
| Stock-based compensation expense for services | 18,000 | 23,000 | - | - |
| Accounts receivable | 492,000 | -38,000 | 52,227 | 12,774 |
| Inventory | 334,000 | -55,000 | 70,484 | - |
| Accrued interest receivable | 8,185,000 | - | - | - |
| Other current assets | - | - | 77,515 | - |
| Prepaid expenses and other current assets | 11,753,000 | -16,000 | - | - |
| Prepaid expenses | - | - | - | -274,807 |
| Other non-current assets | 2,000 | - | -318,141 | - |
| Accounts payable | -594,000 | -90,000 | 582,854 | 218,574 |
| Accrued expenses | - | - | - | 3,106,955 |
| Dividends payable | - | - | - | 102,390 |
| Unearned revenue | - | - | 458 | - |
| Deferred revenue | 316,000 | 79,000 | - | - |
| Other current liabilities | - | - | -984,786 | -3,385 |
| Accrued expenses and other current liabilities | 7,966,000 | 550,000 | - | - |
| Operating lease liabilities | -412,000 | -130,000 | -611,272 | - |
| Change in fair value of derivative liability | -11,750,000 | 40,532,000 | - | - |
| Amortization of issuance costs | 0 | 2,059,000 | - | - |
| Change in value of derivative | 0 | 666,000 | - | - |
| Operating lease payments | - | - | - | 30,178 |
| Provision for credit losses | 0 | 279,000 | - | - |
| Net cash used in operating activities | -30,294,000 | -16,213,000 | -19,940,521 | -17,557,368 |
| Purchase of property and equipment | 6,690,000 | 6,036,000 | 2,117,990 | 869,687 |
| Purchases of available-for-sale debt securities | 1,197,865,000 | - | - | - |
| Proceeds from sales of available-for-sale debt securities | 376,331,000 | - | - | - |
| Other assets security deposits | - | - | - | -40,606 |
| Proceeds from maturities of available-for-sale debt securities | 39,904,000 | - | - | - |
| Other current assets | - | - | - | 42,105 |
| Other recognized losses (gains) | -7,000 | -4,000 | - | - |
| Net cash used for qphoton merger | - | - | - | 1,356,071 |
| Issuance of loan receivable | 0 | - | 500,000 | - |
| Net cash used in investing activities | -788,327,000 | -6,036,000 | -2,617,990 | -2,227,257 |
| Net proceeds from exercise of warrants | 2,412,000 | - | - | - |
| Net proceeds from issuance of common stock | 1,475,144,000 | 106,766,000 | - | - |
| Proceeds raised from financial liabilities, net of issuance costs | 0 | 6,995,000 | - | - |
| Payments of financial liabilities, net of interest | 0 | 10,313,000 | - | - |
| Term loans | - | - | - | 8,035,684 |
| Series a preferred stock dividend payments | 0 | 215,000 | - | - |
| Preferred stock conversion | - | - | - | 47,723 |
| Notes payable | - | - | -6,187,034 | - |
| Repurchase of series a preferred stock | 0 | 4,098,000 | - | - |
| Preferred stock oid accrual | - | - | - | 271,027 |
| Proceeds from stock issuance related to atm facility | 0 | - | 25,496,364 | - |
| Net cash provided by financing activities | 1,477,556,000 | 99,135,000 | 19,309,330 | 8,354,434 |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | 658,935,000 | - | - | - |
| Net increase (decrease) in cash | 658,935,000 | 76,886,000 | -3,249,181 | -11,430,191 |
| Cash and cash equivalents, beginning of period | 78,945,000 | 2,059,000 | 5,308,466 | 16,738,657 |
| Cash and cash equivalents, end of period | 737,880,000 | 78,945,000 | 2,059,285 | 5,308,466 |
Quantum Computing Inc. (QUBT)
Quantum Computing Inc. (QUBT)