Quantum Computing Inc Q2 2025 revenue ~$61K; $200M raise lifts cash to $349M
Quantum Computing Inc. (Nasdaq: QUBT) reported Q2 2025 revenue of approximately $61,000 on 2025-08-14, down from ~$183,000 a year earlier, and a net loss attributable to common stockholders of $36 million (versus $5 million), driven primarily by a ~$28 million non-cash warrant-derivative loss. EODHD recorded GAAP EPS of -$0.26 versus -$0.06. The company ended the quarter with $349 million in cash after a $200 million financing and cited new customer wins in quantum sensing, cybersecurity and AI and deepening NASA engagement. Filed on Form 10-Q.
Reported revenue remains negligible (~$61K) and declined year over year with a large EPS miss, so the operating print is weak; the meaningful facts are balance-sheet (a $200M raise, $349M cash). Logged in the lower earnings band. QCi's separately announced NIST TFLN photonic-chip contract is tracked as its own 2025-08-05 event.
QCi's pattern of minimal revenue, large equity raises and government/research engagements (NIST, NASA) keeps it dependent on capital markets and public-sector validation rather than commercial traction; the gap between cash raised and revenue recognized remains the central scrutiny point.