Quantum Computing Q4 rev $198K (+219%), net loss $1.6M; completes $110M Luminar acquisition

Quantum Computing Inc.

Q4 2025 revenue $198K vs $62K a year ago (219% increase); net loss $1.6M ($0.01/share) vs $51.2M loss ($0.47/share).
Improvement driven by $7.0M derivative gain and $13.6M interest income; operating expenses rose 148% to $22.1M.
Cash and investments totaled $1.52B at Dec 31, 2025, after $750M oversubscribed private placement of 37.2M shares.
Acquired Luminar Semiconductor for $110M cash; closed Feb 2, 2026, adding photonic components and manufacturing.
Fab 1 opened in Tempe, AZ; CEO Dr. Yuping Huang confirmed; announced Neurawave reservoir computer and POET collaboration.

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