Filing Flows › Quantum-Si (QSI) › Q1 2025
Quantum-Si (QSI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Quantum-Si (QSI) reported revenue of $842K for the first quarter 2025 (Q1 2025), +84% from a year earlier and -29% from the quarter before.
Quantum-Si, Q1 2025: revenue $842K (+84% year over year), net loss $19.2M, operating cash flow −$26.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $842K | -29% | +84% |
| Operating profit | −$25.1M | — | — |
| Net earnings | −$19.2M | — | — |
| Operating cash flow | −$26.2M | — | — |
What changed
Revenue was $842K in Q1 2025, up 84% year over year and down 29% from the previous quarter. Product was the largest line at 96% of revenue. Product added $380K year over year (up 89%), 99% of the total change.
Gross margin was 57.7%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $25.1M, an operating margin of -2982.4%. Operating expenses grew 8% against revenue growth of 84%. The fastest-growing cost line was Research & development (+13%). The quarter ended with a net loss of $19.2M, narrower than the previous quarter's $33.1M loss. Non-operating items added $5.9M, -31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$26.2M. Non-cash charges added back $917K of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $10.2M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$27.5M.
Questions
What was Quantum-Si's revenue in the first quarter 2025?
Quantum-Si (QSI) reported revenue of $842K for the first quarter 2025 (Q1 2025), +84% from a year earlier and -29% from the quarter before.
Source: Quantum-Si 10-Q on SEC EDGAR.