QUBT acquires NHanced: target posts FY25 revenue $57.1M, net income $15.7M

Quantum Computing Inc.

NHanced FY2025 revenue $57.06M (up 58% from $36.18M in FY2024); net income $15.71M vs $8.76M.
FY2025 gross profit $26.4M, operating income $17.8M; total assets $57.0M, equity $27.1M.
Customer concentration risk: one U.S. customer was ~87% of FY2025 revenue (~$49M).
FY2024 financials restated (Note 15); net cash from ops $11.7M in FY2025, cash at year end $26.8K.
Acquisition completed June 22, 2026; pro forma combined financials filed as Exhibit 99.3.

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