Filing Flows › Quantum Computing (QUBT) › Q1 2025
Quantum Computing (QUBT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Quantum Computing (QUBT) reported revenue of $39K for the first quarter 2025 (Q1 2025), +44% from a year earlier and -37% from the quarter before.
Quantum Computing, Q1 2025: revenue $39K (+44% year over year), net earnings $17.0M, operating cash flow −$4.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39K | -37% | +44% |
| Operating profit | −$8.3M | — | — |
| Net earnings | $17.0M | — | — |
| Operating cash flow | −$4.4M | — | — |
What changed
Revenue was $39K in Q1 2025, up 44% year over year and down 37% from the previous quarter.
Gross margin was 33.3%, down 7.4 points from a year earlier. Operating costs exceeded revenue by $8.3M, an operating margin of -21246.2%. Operating expenses grew 31% against revenue growth of 44%. The fastest-growing cost line was Research & development (+34%). Net earnings were $17.0M. The effective tax rate was 0.0%. Non-operating items added $25.3M, 149% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$4.4M. Non-cash charges added back $1.0M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $23.8M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$6.2M.
Questions
What was Quantum Computing's revenue in the first quarter 2025?
Quantum Computing (QUBT) reported revenue of $39K for the first quarter 2025 (Q1 2025), +44% from a year earlier and -37% from the quarter before.
Source: Quantum Computing 10-Q on SEC EDGAR.