Filing Flows › Quantum Computing (QUBT) › Q2 2025
Quantum Computing (QUBT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Quantum Computing (QUBT) reported revenue of $61K for the second quarter 2025 (Q2 2025), -67% from a year earlier and +56% from the quarter before.
Quantum Computing, Q2 2025: revenue $61K (-67% year over year), net loss $36.5M, operating cash flow −$6.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61K | +56% | -67% |
| Operating profit | −$10.2M | — | — |
| Net earnings | −$36.5M | -315% | — |
| Operating cash flow | −$6.1M | — | — |
What changed
Revenue was $61K in Q2 2025, down 67% year over year and up 56% from the previous quarter.
Gross margin was 42.6%, up 10.9 points from a year earlier. Operating costs exceeded revenue by $10.2M, an operating margin of -16673.8%. Operating expenses grew 91% against a revenue fall of 67%. The fastest-growing cost line was Research & development (+185%). The quarter ended with a net loss of $36.5M, after a profit of $17.0M the previous quarter. Net interest and other expense of $26.3M was the main reason.
Operating cash flow was −$6.1M. Non-cash charges added back $887K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $27.7M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$7.1M.
Questions
What was Quantum Computing's revenue in the second quarter 2025?
Quantum Computing (QUBT) reported revenue of $61K for the second quarter 2025 (Q2 2025), -67% from a year earlier and +56% from the quarter before.
Source: Quantum Computing 10-Q on SEC EDGAR.