Quantum Computing Inc
NASDAQ:QUBT
Quantum Computing Inc
Quantum Computing, Inc. is a technology company, which focuses on developing novel algorithms and solutions utilizing quantum and quantum-inspired computing to solve difficult problems in various industries. The company is headquartered in Leesburg, Virginia and currently employs 25 full-time employees. The company went IPO on 2018-02-01. The firm is focused on providing software tools and applications for quantum computers. The firm's product, Qatalyst enables developers to create and execute quantum-ready applications on conventional computers using its cloud-based solution. Qatalyst offers features, including quantum-ready engines tuned for complex computations, transparent abstraction from quantum hardware variance, Qatalyst Core, Q Graph, and Qontrol. Qatalyst manages the workflow, optimizations, and results, without any further intervention by the user. Qatalyst is integrated with the Amazon Cloud BRAKET Application Programming Interfaces (API), offering access to multiple Quantum Processing Units (QPUs) including DWave, Rigetti, and IonQ. Qatalyst also integrates directly with IBM’s QPUs.
Quantum Computing, Inc. is a technology company, which focuses on developing novel algorithms and solutions utilizing quantum and quantum-inspired computing to solve difficult problems in various industries. The company is headquartered in Leesburg, Virginia and currently employs 25 full-time employees. The company went IPO on 2018-02-01. The firm is focused on providing software tools and applications for quantum computers. The firm's product, Qatalyst enables developers to create and execute quantum-ready applications on conventional computers using its cloud-based solution. Qatalyst offers features, including quantum-ready engines tuned for complex computations, transparent abstraction from quantum hardware variance, Qatalyst Core, Q Graph, and Qontrol. Qatalyst manages the workflow, optimizations, and results, without any further intervention by the user. Qatalyst is integrated with the Amazon Cloud BRAKET Application Programming Interfaces (API), offering access to multiple Quantum Processing Units (QPUs) including DWave, Rigetti, and IonQ. Qatalyst also integrates directly with IBM’s QPUs.
Revenue: Q4 revenue was approximately $198,000, up from $62,000 a year earlier, driven by Fab 1 foundry hardware sales and services.
Profitability: Q4 net loss narrowed to $1.6 million ($0.01 per share) versus a $51.2 million loss in Q4 2024; full-year 2025 net loss was $18.7 million ($0.11 per share).
Balance sheet: Strong liquidity after 2025 financings — cash $738 million and investments $783 million (about $1.52 billion total); total assets and equity reported at $1.6 billion.
Capital raise & M&A: Raised $750 million in an October private placement (37 million shares) and $1.55 billion total capital in 2025; completed the Lumina Semiconductor (LSI) acquisition (closed Feb 2026) to add customers and manufacturing capability.
Commercial progress: Foundry services from Fab 1 began generating early revenue; LSI expected to contribute revenue starting Q1 2026 (management declined to provide formal guidance).
Fab expansion: Fab 2 is planned as a larger domestic production facility; meaningful CapEx is expected 2–3 years out and management said a sizable fab would likely cost "several hundred million dollars."
No formal guidance: Management reiterated they are not providing revenue guidance and emphasized integration and scaling priorities for 2026.
