Quantum Computing (QUBT) Company Report

Quantum Computing Inc. (QCi) has confirmed the appointment of Dr. Yuping Huang as its Chief Executive Officer (CEO), effective January 1st, 2026.
Dr. Huang, who has served as QCi's Interim CEO since April 11, 2025, brings over 20 years of leadership in quantum physics and technology.
This appointment is part of QCi's strategy to transition from prototype development and small-batch manufacturing towards industrial-scale manufacturing production of its quantum photonics systems.
Under Dr. Huang's leadership, QCi plans to refine engineering and manufacturing processes, expand Fab 1 operations, and establish Fab 2 to enable volume production.

8 days ago

Press Release

Quantum Computing Inc. to Acquire Luminar Semiconductor for $110 Million

QUBT

M&A

Legal Proceedings

New Projects/Investments

Quantum Computing Inc. (QCi) has entered into an agreement to acquire Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, Inc., for $110 million in an all-cash transaction.
The acquisition aims to accelerate QCi's technology roadmap by integrating LSI's core photonic technologies, patents, and experienced team, strengthening QCi's supply chain, and advancing the commercial deployment of quantum systems.
While LSI's parent company, Luminar Technologies, Inc., initiated voluntary Chapter 11 bankruptcy cases on December 15, 2025, LSI is not a debtor and is operating in the ordinary course.
QCi will serve as the proposed stalking horse bidder in a Section 363 sale process, with the transaction requiring bankruptcy court approval, which is anticipated by the end of January 2026.

Dec 15, 2025, 10:06 PM

8-K

Quantum Computing Inc. to Acquire Luminar Semiconductor

QUBT

M&A

New Projects/Investments

Legal Proceedings

Quantum Computing Inc. (QCi) has signed an agreement to acquire Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, Inc., in an all-cash transaction valued at $110 million.
The acquisition is expected to accelerate QCi's technology roadmap, strengthen its supply chain, and enhance its engineering capabilities by integrating LSI's photonic technologies, patents, and team.
The transaction requires the approval of the bankruptcy court, as LSI's parent company, Luminar, has initiated voluntary chapter 11 cases, with QCi acting as the proposed stalking horse bidder.
The parties anticipate closing the transaction by the end of January 2026, subject to customary closing conditions and bankruptcy court approval.

Dec 15, 2025, 4:40 PM

Press Release

Quantum Computing Inc. to Unveil Neurawave Photonics-Based Reservoir Computer

QUBT

Product Launch

New Projects/Investments

Quantum Computing Inc. (QCi) will debut Neurawave, a new photonics-based reservoir computing system, at SuperCompute25 from November 18–20, 2025.
Neurawave is a PCIe-based platform that integrates optical computing with digital electronics, offering a scalable, energy-efficient solution for high-performance applications, particularly edge-AI use cases such as signal processing and pattern recognition.
This launch represents a significant milestone in QCi's technology roadmap, moving its innovation towards deployable, real-world systems that operate at room temperature with a compact design.

Nov 17, 2025, 12:00 PM

Press Release

Quantum Computing Inc. Reports Q3 2025 Financial Results and Strategic Progress

QUBT

Earnings

New Projects/Investments

M&A

Quantum Computing Inc. (QUBT) reported Q3 2025 revenue of $384,000, an increase from $101,000 in Q3 2024, and achieved net income of $2.4 million, or $0.01 per share, compared to a net loss of $5.7 million in the prior year period.
The company significantly strengthened its balance sheet, raising $500 million in equity financing during Q3 2025 and an additional $750 million subsequent to the quarter in October. This resulted in cash and cash equivalents of $352 million and investments of $460 million at the end of Q3 2025.
QUBT is advancing its manufacturing strategy with Fab 1 fully operational for small-scale production and planning for Fab 2 to support higher volume manufacturing of thin-film lithium niobate photonic chips.
Commercial momentum includes recording revenue from the NASA LIDAR initiative and completing a transaction with a major U.S. financial institute for quantum AI and security platforms. The company also continues to evaluate acquisition opportunities to accelerate its vision and technology roadmap.

Nov 14, 2025, 9:30 PM

Transcript

Quantum Computing Inc. Reports Strong Q3 2025 Financials and Strategic Progress

QUBT

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Quantum Computing Inc. reported revenue of $384,000 for Q3 2025, an increase from $101,000 in Q3 2024, and achieved a net income of $2.4 million, or $0.01 per share, compared to a net loss in the prior year period.
The company significantly strengthened its balance sheet by raising $500 million in equity financing in September 2025 and an additional $750 million in October 2025, resulting in $352 million in cash and cash equivalents and $898 million in total assets as of September 30, 2025.
Commercial progress in Q3 2025 included revenue recognition from an ongoing NASA LIDAR initiative and a completed transaction with a major U.S. financial institution for quantum AI and security platforms.
Fab 1 is fully operational for thin-film lithium niobate photonic chips, with plans for Fab 2 to support higher volume manufacturing over the next three years.
QUBT is actively pursuing strategic partnerships, such as a collaboration with Poet Technologies, and is evaluating M&A opportunities to accelerate its technology roadmap.

Nov 14, 2025, 9:30 PM

Transcript

Quantum Computing Inc. Announces Q3 2025 Financial Results and Strengthened Balance Sheet

QUBT

Earnings

New Projects/Investments

Hiring

Quantum Computing Inc. (QUBT) reported Q3 2025 revenue of $384,000 and a net income of $2.4 million, or $0.01 per share, compared to a net loss in the prior year period.
The company substantially strengthened its balance sheet, ending Q3 2025 with $352 million in cash and cash equivalents and $460 million in investments. This was bolstered by a $500 million equity financing in September 2025 and an additional $750 million financing in October.
QUBT secured a transaction with a major U.S. financial institution for its quantum AI and security platforms and recognized revenue from its NASA LiDAR initiative. The company also announced a collaboration with POET Technologies for thin-film lithium niobate technology.
The company's Fab 1 manufacturing facility is fully operational, supporting over 10 foundry service orders, with plans for Fab 2 to enable higher volume manufacturing within the next three years.

Nov 14, 2025, 9:30 PM

Transcript

Quantum Computing Inc. Reports Q3 2025 Financial Results

QUBT

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Quantum Computing Inc. reported Q3 2025 revenues of $384,000, marking a 280% year-over-year increase.
The company achieved a net income of $2.4 million, or $0.01 per basic share, for Q3 2025, primarily due to a $9.2 million gain from the mark-to-market of a derivative liability and $3.5 million in interest income.
QCi significantly strengthened its financial position, ending Q3 2025 with $352.4 million in cash and cash equivalents and $460.6 million in investments. Subsequent to the quarter, the company raised an additional $750 million, bringing its total liquid position to over $1.5 billion.
Operationally, QCi secured a purchase order from a top 5 U.S. bank for its quantum security solutions and continued to advance its strategic partnership with NASA.

Nov 14, 2025, 9:13 PM

8-K

Quantum Computing Inc. Reports Strong Q3 2025 Financial Results with Significant Revenue Growth and Capital Raise

QUBT

Earnings

Revenue Acceleration/Inflection

Quantum Computing Inc. (QCi) reported a 280% year-over-year increase in revenue for the third quarter of 2025, reaching approximately $384,000, and achieved a net income of $2.4 million, or $0.01 per basic share, compared to a net loss in the prior year.
The company significantly strengthened its balance sheet, ending Q3 2025 with $352 million in cash and $461 million in investments, and subsequently raised an additional $750 million through private placements of common stock, resulting in a liquid position of over $1.5 billion.
Operationally, QCi secured a purchase order from a top 5 U.S. bank for its quantum security solutions, marking its first U.S. commercial sale in this area, and continued its collaboration with NASA.

Nov 14, 2025, 9:05 PM

Press Release

Quantum Computing Inc. and POET Technologies Announce Co-Development of 3.2 Tbps Optical Engines

QUBT

New Projects/Investments

Product Launch

Quantum Computing Inc. (QCi) and POET Technologies Inc. have formed a strategic collaboration to develop 400G/Lane thin-film lithium niobate (TFLN) modulator-based 3.2Tbps engines.
This initiative aims to deliver industry-leading data-transfer speeds for AI systems networks and datacenter hyperscalers.
POET will fund the development of the 400G/Lane modulator, which is targeted for completion in the second half of 2026.
The global market for 3.2T in pluggable and CPO formats is projected to reach close to USD $12 billion by 2030.