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Quantum Computing (QUBT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Quantum Computing (QUBT) Q2 2026 earnings results →
Q2 2026 Revenue up 9000% year over year to $5.6M · 212¢ of every $1 of revenue lost · operating margin -414.6%
Quantum Computing made $5.6M in Q2 2026 (91× Y/Y). Operating margin -414.6%, net loss $11.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $5.6M in Q2 2026, up 9000% year over year and up 50% from the previous quarter.
Operating costs exceeded revenue by $23.0M, an operating margin of -414.6%. The fastest-growing cost line was General & admin (+224%). The quarter ended with a net loss of $11.8M, wider than the previous quarter's $4.0M loss. Non-operating items added $11.3M, -96% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$13.9M. Non-cash charges added back $3.2M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $7.0M. Capital expenditures of $2.7M exceeded it, leaving free cash flow of −$16.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $5.6M | 91× | -414.6% | −$11.8M | −$13.9M |
| Q1 2026 | 10-Q | May 11, 2026 | $3.7M | 95× | -556.8% | −$4.0M | −$9.4M |
| Q4 2025 | 10-K | Mar 2, 2026 | $198K | +219% | n/m | −$1.6M | −$11.0M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $384K | +280% | n/m | $2.4M | −$8.7M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $61K | -67% | n/m | −$36.5M | −$6.1M |
| Q1 2025 | 10-Q | May 15, 2025 | $39K | +44% | n/m | $17.0M | −$4.4M |
| Q4 2024 | 10-K | Mar 20, 2025 | $62K | -17% | n/m | −$51.2M | −$3.8M |
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Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Quantum Computing
There is a large and growing demand for ever-increasing computational performance in information processing. The recent emergence of artificial intelligence (“AI”), large language models (“LLMs”), and machine learning (“ML”) algorithms has added to the need for efficient processing of vast volumes of data. Classical computers, or the computers that are currently used in home and office settings, that use silicon microprocessors are understood to have performance limitations in solving certain classes of computational problems, in particular, large-scale optimization problems. Optimization deals with finding the best solution to a problem according to a defined criteria from a set of possible solutions.
In its own words, from its 10-K, filed Mar 2, 2026.
Quantum Computing against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: 91× against the peers' median +19%. Operating margin: -414.6% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| QUBT Quantum Computing | Q2 2026 | $5.6M | 91× | -414.6% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Quantum Computing 10-Q on SEC EDGAR · CIK 1758009 · Services-Prepackaged Software
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results