Filing Flows › Quantum-Si (QSI) › Q2 2025
Quantum-Si (QSI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Quantum-Si (QSI) reported revenue of $591K for the second quarter 2025 (Q2 2025), -5% from a year earlier and -30% from the quarter before.
Quantum-Si, Q2 2025: revenue $591K (-5% year over year), net loss $28.8M, operating cash flow −$20.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $591K | -30% | -5% |
| Operating profit | −$30.1M | — | — |
| Net earnings | −$28.8M | — | — |
| Operating cash flow | −$20.2M | — | — |
What changed
Revenue was $591K in Q2 2025, down 5% year over year and down 30% from the previous quarter. Product was the largest line at 94% of revenue. Product lost $26K year over year (down 4%), 84% of the total change.
Gross margin was 59.4%, up 2.5 points from a year earlier. Operating costs exceeded revenue by $30.1M, an operating margin of -5096.4%. Operating expenses grew 14% against a revenue fall of 5%. The quarter ended with a net loss of $28.8M, wider than the previous quarter's $19.2M loss.
Operating cash flow was −$20.2M. Non-cash charges added back $1.2M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $4.6M. Capital expenditures of $327K exceeded it, leaving free cash flow of −$20.5M.
Questions
What was Quantum-Si's revenue in the second quarter 2025?
Quantum-Si (QSI) reported revenue of $591K for the second quarter 2025 (Q2 2025), -5% from a year earlier and -30% from the quarter before.
Source: Quantum-Si 10-Q on SEC EDGAR.