Quantum Computing Q3 revenue jumps on R&D services and hardware contracts

Quantum Computing

14/11/2025 21:16

Overview

Quantum Computing Q3 revenue increased 280% yr/yr, driven by R&D and hardware contracts

Company reports Q3 net income of $2.4 mln, reversing a loss from last year

Company raised $750 mln post-Q3, boosting liquidity for growth strategy

Outlook

Company plans to scale manufacturing and expand commercial traction in quantum AI and cybersecurity

Result Drivers

REVENUE GROWTH - Revenue increased 280% yr/yr due to R&D services and custom hardware contracts

COMMERCIAL TRACTION - First U.S. commercial sale of quantum cybersecurity solutions to a top 5 U.S. bank

STRATEGIC PARTNERSHIPS - Continued collaboration with NASA on quantum optimization for space-based LiDAR data

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$2.4 mln
Q3 Operating Expenses
$10.5 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Quantum Computing Inc is $24.00, about 58.2% above its November 13 closing price of $10.03

Press Release: ID:nPn9Jm0n6a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)