Filing Flows › Quantum Computing (QUBT) › Q1 2026
Quantum Computing (QUBT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Quantum Computing (QUBT) reported revenue of $3.7M for the first quarter 2026 (Q1 2026), up 95-fold from a year earlier and up 19-fold from the quarter before. Operating margin was -556.8%, net loss $4.0M (109.7% of revenue).
Quantum Computing, Q1 2026: revenue $3.7M (95× year over year), operating margin -556.8%, net loss $4.0M, operating cash flow −$9.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7M | 19× | 95× |
| Operating profit | −$20.6M | — | — |
| Net earnings | −$4.0M | — | -124% |
| Operating cash flow | −$9.4M | — | — |
What changed
Revenue was $3.7M in Q1 2026, up 9364% year over year and up 1764% from the previous quarter.
Operating costs exceeded revenue by $20.6M, an operating margin of -556.8%. The fastest-growing cost line was General & admin (+143%). The quarter ended with a net loss of $4.0M, wider than the previous quarter's $1.6M loss. Non-operating items added $16.5M, -407% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.4M. Non-cash charges added back $2.0M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $8.6M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$11.2M.
Questions
What was Quantum Computing's revenue in the first quarter 2026?
Quantum Computing (QUBT) reported revenue of $3.7M for the first quarter 2026 (Q1 2026), up 95-fold from a year earlier and up 19-fold from the quarter before.
Was Quantum Computing profitable in the first quarter 2026?
Operating loss was $20.6M (-556.8% of revenue) and net loss $4.0M.
Source: Quantum Computing 10-Q on SEC EDGAR.