Business
Quantum Computing Inc. Reports First Quarter 2026 Financial Results
Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a quantum optics and integrated photonics company, today released financial results for the three months ended March 31, 2026.
About this update from Quantum Computing Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Q1 revenue increases to $3.7 million from $39 thousand in Q1 '25","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Company completes two strategic acquisitions advancing its product roadmap to deliver practical quantum and photonics solutions","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"Ends quarter with $1.4 billion in cash, cash equivalents and investments","length":72,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":267,"olType":false},{"type":"text","content":"HOBOKEN, N.J., May 11, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a quantum optics and integrated photonics company, today released financial results for the three months ended March 31, 2026.","length":264,"tagName":"p"},{"type":"text","content":"Dr. Yuping Huang, Chief Executive Officer of QCi, commented, "QCi made significant operational progress in the first quarter of 2026, furthering our mission of delivering accessible, scalable, and affordable quantum machines and photonic solutions for practical use across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging. As demand for faster and more efficient data processing grows, it is becoming increasingly clear that photonics will be a critical component of future technological advancements given its low power consumption and ability to operate at room temperature. During the first quarter we strengthened our position in this space, and made significant progress in advancing our technology roadmap and continued to grow our commercial momentum.","length":874,"tagName":"p"},{"type":"text","content":""We completed two key acquisition opportunities in the quarter, closing the acquisitions of Luminar Semiconductor, Inc. ("LSI"), and NuCrypt, LLC ("NuCrypt"), improving our path to scalable manufacturing and bolstering our portfolio of quantum communications and photonics solutions. We are currently integrating LSI and NuCrypt into QCi. These acquisitions bring established capabilities in lasers, detectors and advanced packaging, broad R&D and manufacturing capabilities, and an experienced team of engineers and scientists, further ex...