QUBT · XBRL financial data
Quantum Computing financial statements, every quarter
The same tables from 13 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal quarters (QUBT's year ends in late December)
| In millions of dollars | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0* | 0 | 0 | 0 | 0* | 0 | 0 | 0 | 0* | 4 | 6 |
| Cost of revenue | 0 | 0* | 0 | 0 | 0 | 0* | 0 | 0 | 0 | 0* | 4 | 7 |
| Gross profit | 0 | 0* | 0 | 0 | 0 | 0* | 0 | 0 | 0 | (0)* | (1) | (1) |
| Research and development | 2 | 4* | 2 | 2 | 2 | 5* | 3 | 6 | 5 | 7* | 7 | 8 |
| Selling, general and administrative | 2 | 11* | 4 | 3 | 3 | — | — | — | — | — | — | — |
| General and administrative | 1* | 12* | 4 | 3 | 3 | 4* | 5 | 4 | 5 | 14* | 11 | 11 |
| Total operating expenses | 8 | 7* | 6 | 5 | 5 | 9* | 8 | 10 | 11 | 22* | 20 | 22 |
| Operating income (loss) | (8) | (7)* | (6) | (5) | (5) | (9)* | (8) | (10) | (10) | (22)* | (21) | (23) |
| Interest income | 0 | 0* | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Interest expense | 0 | 0* | 0 | 0* | 0 | 2* | 0 | 0 | 0 | (0)* | 0 | 0 |
| Income tax expense (benefit) | — | — | — | — | — | — | — | 0 | — | — | — | 0 |
| Net income (loss) | (8) | (6)* | (6) | (5) | (6) | (51)* | 17 | (36) | 2 | (2)* | (4) | (12) |
| Earnings per share, basic USD per share | (0.11) | (0.09)* | (0.08) | (0.06) | (0.06) | — | 0.13 | (0.26) | 0.01 | — | (0.02) | (0.05) |
| Earnings per share, diluted USD per share | (0.09) | — | (0.08) | (0.06) | (0.06) | — | 0.11 | (0.26) | 0.01 | — | (0.02) | (0.05) |
| Weighted average shares, basic millions of shares | 75 | 64* | 82 | 94 | 93 | 107* | 135 | 141 | 160 | — | 224 | 225 |
| Weighted average shares, diluted millions of shares | 97 | — | 82 | 94 | 93 | 107* | 153 | 141 | 167 | — | 224 | 225 |
Balance sheet
CSVFiscal quarters (QUBT's year ends in late December)
| In millions of dollars | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7 | 2 | 6 | 3 | 3 | 79 | 166 | 349 | 352 | 738 | 258 | 189 |
| Short-term investments | — | — | — | — | — | — | — | — | 203 | 379 | 728 | 765 |
| Accounts receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 7 |
| Inventory | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 4 | 13 |
| Prepaid and other current assets | — | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 12 | 5 | 7 |
| Total current assets | 8 | 3 | 7 | 3 | 4 | 79 | 167 | 350 | 563 | 1,134 | 1,005 | 988 |
| Property and equipment, net | 3 | 3 | 4 | 5 | 6 | 8 | 10 | 11 | 13 | 13 | 17 | 43 |
| Right-of-use asset | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 3 | 2 | 5 | 23 |
| Goodwill | 65 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 147 | 181 |
| Total assets | 89 | 74 | 79 | 76 | 77 | 154 | 243 | 426 | 898 | 1,619 | 1,621 | 1,639 |
| Accounts payable | 1 | 1 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 3 | 4 |
| Accrued liabilities | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 1 | 2 | 9 | 8 | 7 |
| Current portion of long-term debt | — | 2 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 8 | 5 | 3 | 3 | 2 | 5 | 4 | 4 | 4 | 11 | 15 | 19 |
| Lease liability, non-current | — | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 21 |
| Total liabilities | 8 | 6 | 4 | 4 | 11 | 46 | 22 | 30 | 20 | 21 | 23 | 47 |
| Accumulated deficit | (141) | (132) | (138) | (144) | (149) | (200) | (184) | (220) | (218) | (219) | (223) | (235) |
| Total stockholders' equity | 81 | 69 | 68 | 66 | 60 | 107 | 221 | 396 | 878 | 1,598 | 1,597 | 1,592 |
| Total liabilities and equity | 89 | 74 | 79 | 76 | 77 | 154 | 243 | 426 | 898 | 1,619 | 1,621 | 1,639 |
| Common shares outstanding (cover page) millions of shares | 75 | 91 | 91 | 91 | 99 | 137 | 141 | 160 | 224 | 225 | 226 | 226 |
Cash flows
CSVFiscal quarters (QUBT's year ends in late December)
| In millions of dollars | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | (8) | (6)* | (6) | (5) | (6) | (51)* | 17 | (36) | 2 | (2)* | (4) | (12) |
| Stock-based compensation | 1 | (4)* | 1 | 1 | 1 | 3* | 1 | 2* | 3* | 2* | 1 | 2* |
| Net cash from operating activities | (5)* | (4)* | (4) | (4)* | (5)* | (4)* | (4) | (6)* | (9)* | (11)* | (9) | (14)* |
| Purchases of property and equipment | 2* | (0)* | 2 | 1* | 1* | 3* | 2 | 1* | 3* | 1* | 2 | 3* |
| Net cash from investing activities | (2)* | 0* | (2) | (1)* | (1)* | (3)* | (2) | (1)* | (463)* | (322)* | (474) | (55)* |
| Proceeds from issuing common stock | 9* | 1* | 12 | 2* | 0* | 92* | 94 | 188* | 475* | 719* | 4 | 1* |
| Proceeds from issuing equity | — | (75)* | — | — | 0* | (2)* | — | — | — | — | — | — |
| Dividends paid | 0* | 0* | 0 | 0* | 0* | 0* | — | — | — | — | — | — |
| Net cash from financing activities | 7* | (2)* | 9 | 2* | 6* | 83* | 94 | 189* | 476* | 719* | 4 | 1* |
| Net change in cash | 0* | — | — | — | — | — | — | — | — | — | — | — |
Compare with peers
SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Quantum Computing | 189 | 5.6 | (14)* | 226.3M | 68.8 quarters | 10-QJun 30, 2026 |
| Vertex | 230 | 204 | 31* | not reported | — | 10-QJun 30, 2026 |
| BigBear.ai Holdings | 77 | 44 | (9.6)* | 481.4M | 4.6 quarters | 10-QSep 30, 2026 |
| Intapp | 148 | 161 | 28 | 76.7M | — | 10-QSep 30, 2026 |
| Progress Software | 114 | 246 | 88* | 40.9M | — | 10-QAug 31, 2026 |
| Braze | 167 | 227 | 24* | 113.6M | — | 10-QJul 31, 2026 |
| Alkami Technology | 50 | 135 | 22* | 107.0M | — | 10-QSep 30, 2026 |
| People | 1,319 | 431 | 50* | not reported | — | 10-QSep 30, 2026 |
| DXC Technology | 1,599 | 3,034 | 217* | 155.5M | — | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.