Quantum Computing Inc. Q1 rev $3.7M (vs $39K); net loss $4.1M; completes $110M, $5M acquisitions

Quantum Computing Inc.

• Revenue $3.7M, up from $39K YoY, driven by LSI and NuCrypt acquisitions.
• Net loss $4.1M ($0.02/share) vs net income $17.0M ($0.13/share) in Q1 '25.
• Completed acquisitions: Luminar Semiconductor ($110M all-cash) and NuCrypt ($5M) in Q1.
• Cash, cash equivalents and investments ~$1.4B; contract backlog ~$16M.
• Operating expenses $19.8M, up 139% YoY due to higher personnel and acquisition costs.

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