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QUBT Q4 Earnings Match Estimates, Revenues Miss, Stock Slips
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Key Takeaways
QUBT posted a Q4 loss of 4 cents per share, matching estimates, while revenues missed forecasts.
Quantum Computing's Q4 revenues rose to $0.2M, up from $0.06M, driven by Fab 1 hardware and services.
QUBT raised $750M via private placement, boosting cash to $737.9M amid higher operating expenses.
Quantum Computing Inc. (QUBT - Free Report) , or QCi, delivered a loss of 4 cents per share in the fourth quarter of 2025 compared with a loss of 47 cents in the year-ago period. The metric came in line with the Zacks Consensus Estimate.
Full-year 2025 net loss was 11 cents per share compared with a loss of 73 cents in the year-ago period.
Revenues in the fourth quarter were $0.2 million, which missed the Zacks Consensus Estimate by 41.8%. The reported figure compared favorably with $0.06 million on a year-over-year basis.
Full-year 2025 revenues were $0.68 million compared favorably with $0.37 million on a year-over-year basis.
Following the March 2 announcement, QUBT’s shares fell 10% yesterday. This fall was due to investors’ concern about the company incurring a loss despite 219% rise in revenues.
QUBT’s Margin Performance
The company reported a fourth-quarter gross loss of $0.1 million in contrast to a gross profit of $0.03 million in the year-ago period.
Operating expenses totaled $22.1 million compared with $8.9 million in the fourth quarter of 2024. Within this, R&D expenses surged 47.2%, sales and marketing expenses rose 124.7%, and general and administrative expenses increased 282.3%. Loss from operations in the quarter reached $22.2 million compared with $8.9 million in the year-ago period.
QUBT’s Financial Position
As of the fourth quarter end, the company had cash and cash equivalents of $737.9 million compared with $78.9 million in the fourth quarter of 2024.
Cumulative net cash used in operating activities at the end of the fourth quarter was $30.3 million compared with $16.2 million in the year-ago period.
Quantum Computing Inc. Price, Consensus and EPS Surprise
During the fourth quarter, QCi raised gross proceeds of $750 million through a private placement of common stock.
Our View on QUBT Stock
Quantum Computing ended the fourth quarter of 2025 on a mixed note, wherein earnings were in line, while revenues missed estimates. The year-over-year revenue growth in the quarter was primarily driven by hardware sales and services associated with the Fab 1 facility, which began contributing revenues during the fourth quarter.
Some of the key operational highlights in the fourth quarter include the debut of Neurawave, its newest reservoir computer. QCi announced a strategic collaboration with POET Technologies to develop 400G/Lane thin-film lithium niobate modulator-based 3.2Tbps engines designed to lead the next era of computing. The company is actively planning for another manufacturing facility, known as Fab 2, which is expected to be a larger facility designed to support higher-volume production.
QUBT’s Zacks Rank & Key Picks
Quantum Computing currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Computer and Technology sector are Silicon Motion Technology Corporation (SIMO - Free Report) , Seagate Technology (STX - Free Report) and Advanced Energy Industries (AEIS - Free Report) .
Silicon Motion Technology, currently sporting a Zacks Rank #1 (Strong Buy), reported a fourth-quarter EPS of $1.26, which beat the Zacks Consensus Estimate by 2.3%. Revenues of $278.5 million surpassed the Zacks Consensus Estimate by 6.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
SIMO has an earnings growth rate of 52.7% in 2026 compared with the industry’s 35.6% growth. The company’s earnings surpassed estimates in three of the trailing four quarters and missed in one, with the average surprise being 23.3%.
Seagate Technology, flaunting a Zacks Rank #1 at present, posted a second-quarter fiscal 2026 earnings of $3.11 per share, which exceeded the Zacks Consensus Estimate by 9.9%. Net revenues of $2.83 billion surpassed the Zacks Consensus Estimate by 2.7%.
STX has a long-term earnings growth rate of 38% compared with the industry’s 28% growth. The company’s earnings outpaced estimates in each of the trailing four quarters, the average surprise being 8.4%.
Advanced Energy Industries, currently sporting a Zacks Rank #1, reported a fourth-quarter 2025 EPS of $1.94, which topped the Zacks Consensus Estimate by 9.6%. Revenues of $489.4 million surpassed the consensus mark by 3%.
AEIS has a long-term earnings growth rate of 27.9% compared with the industry’s 24.4% growth. The company’s earnings beat estimates in each of the trailing four quarters, with the average surprise being 15.9%.
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QUBT Q4 Earnings Match Estimates, Revenues Miss, Stock Slips
Key Takeaways
Quantum Computing Inc. (QUBT - Free Report) , or QCi, delivered a loss of 4 cents per share in the fourth quarter of 2025 compared with a loss of 47 cents in the year-ago period. The metric came in line with the Zacks Consensus Estimate.
Full-year 2025 net loss was 11 cents per share compared with a loss of 73 cents in the year-ago period.
Revenues in the fourth quarter were $0.2 million, which missed the Zacks Consensus Estimate by 41.8%. The reported figure compared favorably with $0.06 million on a year-over-year basis.
Full-year 2025 revenues were $0.68 million compared favorably with $0.37 million on a year-over-year basis.
Following the March 2 announcement, QUBT’s shares fell 10% yesterday. This fall was due to investors’ concern about the company incurring a loss despite 219% rise in revenues.
QUBT’s Margin Performance
The company reported a fourth-quarter gross loss of $0.1 million in contrast to a gross profit of $0.03 million in the year-ago period.
Operating expenses totaled $22.1 million compared with $8.9 million in the fourth quarter of 2024. Within this, R&D expenses surged 47.2%, sales and marketing expenses rose 124.7%, and general and administrative expenses increased 282.3%. Loss from operations in the quarter reached $22.2 million compared with $8.9 million in the year-ago period.
QUBT’s Financial Position
As of the fourth quarter end, the company had cash and cash equivalents of $737.9 million compared with $78.9 million in the fourth quarter of 2024.
Cumulative net cash used in operating activities at the end of the fourth quarter was $30.3 million compared with $16.2 million in the year-ago period.
Quantum Computing Inc. Price, Consensus and EPS Surprise
Quantum Computing Inc. price-consensus-eps-surprise-chart | Quantum Computing Inc. Quote
During the fourth quarter, QCi raised gross proceeds of $750 million through a private placement of common stock.
Our View on QUBT Stock
Quantum Computing ended the fourth quarter of 2025 on a mixed note, wherein earnings were in line, while revenues missed estimates. The year-over-year revenue growth in the quarter was primarily driven by hardware sales and services associated with the Fab 1 facility, which began contributing revenues during the fourth quarter.
Some of the key operational highlights in the fourth quarter include the debut of Neurawave, its newest reservoir computer. QCi announced a strategic collaboration with POET Technologies to develop 400G/Lane thin-film lithium niobate modulator-based 3.2Tbps engines designed to lead the next era of computing. The company is actively planning for another manufacturing facility, known as Fab 2, which is expected to be a larger facility designed to support higher-volume production.
QUBT’s Zacks Rank & Key Picks
Quantum Computing currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Computer and Technology sector are Silicon Motion Technology Corporation (SIMO - Free Report) , Seagate Technology (STX - Free Report) and Advanced Energy Industries (AEIS - Free Report) .
Silicon Motion Technology, currently sporting a Zacks Rank #1 (Strong Buy), reported a fourth-quarter EPS of $1.26, which beat the Zacks Consensus Estimate by 2.3%. Revenues of $278.5 million surpassed the Zacks Consensus Estimate by 6.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
SIMO has an earnings growth rate of 52.7% in 2026 compared with the industry’s 35.6% growth. The company’s earnings surpassed estimates in three of the trailing four quarters and missed in one, with the average surprise being 23.3%.
Seagate Technology, flaunting a Zacks Rank #1 at present, posted a second-quarter fiscal 2026 earnings of $3.11 per share, which exceeded the Zacks Consensus Estimate by 9.9%. Net revenues of $2.83 billion surpassed the Zacks Consensus Estimate by 2.7%.
STX has a long-term earnings growth rate of 38% compared with the industry’s 28% growth. The company’s earnings outpaced estimates in each of the trailing four quarters, the average surprise being 8.4%.
Advanced Energy Industries, currently sporting a Zacks Rank #1, reported a fourth-quarter 2025 EPS of $1.94, which topped the Zacks Consensus Estimate by 9.6%. Revenues of $489.4 million surpassed the consensus mark by 3%.
AEIS has a long-term earnings growth rate of 27.9% compared with the industry’s 24.4% growth. The company’s earnings beat estimates in each of the trailing four quarters, with the average surprise being 15.9%.