---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-024210"
form_type: "8-K"
ticker: "QUBT"
cik: "0001758009"
company_name: "Quantum Computing Inc."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:27:36.247122+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Quantum Computing Inc reports FY2022 net loss $38.6M, first revenue $136K, guides to EBITDA breakeven in 2 years

## Summary
- Revenue of $136K (55% gross margin) from professional services contracts; first revenues for the company.
- Net loss $38.6M, up 38% YoY, including $16M non-recurring merger costs and $8.4M stock-based compensation.
- Cash at year-end $5.3M; as of March 27, 2023 cash $7.5M; monthly cash burn ~$1.46M.
- Completed QPhoton merger, doubling headcount and adding photonic hardware capability; 56M shares outstanding.
- Guides to EBITDA breakeven at ~$30M annual revenue, expected within 2 years; product rollouts planned in 2023.

## SEC filing metadata
- accession: 0001213900-23-024210
- form_type: 8-K
- ticker: QUBT
- cik: 0001758009
- company_name: Quantum Computing Inc.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758009/000121390023024210/0001213900-23-024210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758009/000121390023024210/ea176009-8k_quantum.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-024210
- JSON: https://secwatch.observer/filing/0001213900-23-024210.json
- Plain text: https://secwatch.observer/filing/0001213900-23-024210.txt

## Key facts
- Earnings Releases
  Quantum Computing Inc. reported full year ending December 31, 2022 results: revenue approximately $136,000, net income $38.6 million. Guidance initiated.
  - Period: full year ending December 31, 2022
  - Revenue: approximately $136,000
  - Net income: $38.6 million
  - Guidance: initiated
  - Result: reported results
  source text: Revenue during 2022, the company’s first revenues, totaled approximately $136,000 (55% gross margin) and is attributed to multi-month, professional services contracts with several commercial and government customers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758009/000121390023024210/0001213900-23-024210-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.