For the year ending 2025-12-31, QUBT made $682,000 in revenue. -$17,769,000 in net income. Net profit margin of -2605.43%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenue | 682,000 | 373,000 | 358,047 | 135,648 |
| Cost of revenue | 615,000 | 261,000 | 195,640 | 60,934 |
| Gross profit | 67,000 | 112,000 | 162,407 | 74,714 |
| Salaries and benefits | - | - | 4,047,910 | 4,326,733 |
| Consulting | - | - | - | 1,278,170 |
| Professional services | - | - | 838,592 | - |
| Research and development | 20,473,000 | 11,318,000 | 6,447,703 | 4,561,794 |
| Stock based compensation | - | - | 8,722,766 | 17,761,467 |
| Sales and marketing | 3,431,000 | 1,818,000 | - | - |
| Selling general & administrative | - | - | 7,326,713 | 8,725,892 |
| General and administrative | 27,240,000 | 12,913,000 | - | - |
| Total operating expenses | 51,144,000 | 26,049,000 | 27,383,684 | 36,654,056 |
| Loss from operations | -51,077,000 | -25,937,000 | -27,221,277 | -36,579,342 |
| Interest income | - | - | 295,478 | 46,891 |
| Interest expense promissory notes | - | - | 602,059 | 225,282 |
| Interest and other income, net | 20,718,000 | 423,000 | - | - |
| Interest expense preferred dividends | - | - | 861,071 | 889,219 |
| Interest expense | 65,000 | 2,496,000 | - | - |
| Interest expense financing expenses | - | - | 1,341,743 | 946,748 |
| Change in fair value of derivative liability | -11,750,000 | 40,532,000 | - | - |
| Net other income (expense) | - | - | -2,509,395 | -2,014,358 |
| Loss before income tax provision | -18,674,000 | -68,542,000 | - | - |
| Net loss | -18,674,000 | -68,542,000 | -29,730,672 | -38,593,700 |
| Net loss attributable to common stockholders | -18,674,000 | -68,542,000 | - | - |
| Unrealized gain on available-for-sale debt securities (net of tax) | 905,000 | - | - | - |
| Total comprehensive income (loss) | -17,769,000 | - | - | - |
| Basic EPS | -0.11 | -0.73 | -0.38 | -0.69 |
| Diluted EPS | -0.11 | -0.73 | -0.31 | -0.69 |
| Basic Average Shares | 164,492 | 93,881,000 | 77,451,356 | 55,963,334 |
| Diluted Average Shares | 164,492 | 93,881,000 | 95,896,430 | 55,963,334 |
Quantum Computing Inc. (QUBT)
Quantum Computing Inc. (QUBT)