Filing Flows › Quantum Computing (QUBT) › Q4 2024
Quantum Computing (QUBT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 20, 2025
Quantum Computing (QUBT) reported revenue of $62K for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and -39% from the quarter before.
Quantum Computing, Q4 2024: revenue $62K (-17% year over year), net loss $51.2M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62K | -39% | -17% |
| Operating profit | −$8.9M | — | — |
| Net earnings | −$51.2M | — | — |
| Operating cash flow | −$3.8M | — | — |
What changed
Revenue was $62K in Q4 2024, down 17% year over year and down 39% from the previous quarter.
Gross margin was 54.8%, up 41.5 points from a year earlier. Operating costs exceeded revenue by $8.9M, an operating margin of -14377.4%. Operating expenses grew 36% against a revenue fall of 17%. The fastest-growing cost line was Research & development (+149%). The quarter ended with a net loss of $51.2M, wider than the previous quarter's $5.7M loss. Net interest and other expense of $42.3M was the main reason.
Operating cash flow was −$3.8M. Non-cash charges added back $1.3M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $43.1M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$6.6M.
Questions
What was Quantum Computing's revenue in the fourth quarter 2024?
Quantum Computing (QUBT) reported revenue of $62K for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and -39% from the quarter before.
Source: Quantum Computing 10-K on SEC EDGAR.