Filing Flows › Quantum Computing (QUBT) › Q3 2026
Quantum Computing (QUBT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Quantum Computing (QUBT) reported revenue of $9.5M for the third quarter 2026 (Q3 2026), up 25-fold from a year earlier and +71% from the quarter before. Operating margin was -300.9%, net loss $15.1M (159.4% of revenue).
Quantum Computing, Q3 2026: revenue $9.5M (25× year over year), operating margin -300.9%, net loss $15.1M, operating cash flow −$11.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.5M | +71% | 25× |
| Operating profit | −$28.6M | — | — |
| Net earnings | −$15.1M | — | -736% |
| Operating cash flow | −$11.7M | — | — |
What changed
Revenue was $9.5M in Q3 2026, up 2374% year over year and up 71% from the previous quarter.
Gross margin was 4.5%, down 28.3 points from Q3 2025. Operating costs exceeded revenue by $28.6M, an operating margin of -300.9%. Operating expenses grew 176% against revenue growth of 2374%. The fastest-growing cost line was Sales & marketing (+569%). The quarter ended with a net loss of $15.1M, wider than the previous quarter's $11.8M loss. Non-operating items added $13.4M, so the bottom line overstates operating performance.
Operating cash flow was −$11.7M. Non-cash charges added back $4.5M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $9.4M exceeded it, leaving free cash flow of −$21.1M.
Questions
What was Quantum Computing's revenue in the third quarter 2026?
Quantum Computing (QUBT) reported revenue of $9.5M for the third quarter 2026 (Q3 2026), up 25-fold from a year earlier and +71% from the quarter before.
Was Quantum Computing profitable in the third quarter 2026?
Operating loss was $28.6M (-300.9% of revenue) and net loss $15.1M.
Source: Quantum Computing 10-Q on SEC EDGAR.