Filing Flows › Quantum Computing (QUBT) › Q4 2025
Quantum Computing (QUBT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
Quantum Computing (QUBT) reported revenue of $198K for the fourth quarter 2025 (Q4 2025), +219% from a year earlier and -48% from the quarter before.
Quantum Computing, Q4 2025: revenue $198K (+219% year over year), net loss $1.6M, operating cash flow −$11.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $198K | -48% | +219% |
| Operating profit | −$22.2M | — | — |
| Net earnings | −$1.6M | -165% | — |
| Operating cash flow | −$11.0M | — | — |
What changed
Revenue was $198K in Q4 2025, up 219% year over year and down 48% from the previous quarter.
Operating costs exceeded revenue by $22.2M, an operating margin of -11220.2%. The fastest-growing cost line was General & admin (+282%). The quarter ended with a net loss of $1.6M, after a profit of $2.4M the previous quarter. Non-operating items added $20.7M, -1328% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$11.0M. Non-cash charges added back $1.4M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $13.2M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$12.2M.
Questions
What was Quantum Computing's revenue in the fourth quarter 2025?
Quantum Computing (QUBT) reported revenue of $198K for the fourth quarter 2025 (Q4 2025), +219% from a year earlier and -48% from the quarter before.
Source: Quantum Computing 10-K on SEC EDGAR.