Quantum Computing Inc Q3 2025 revenue $384K up 280%; positive net income on non-operating items, $352M cash
Quantum Computing Inc. (Nasdaq: QUBT) reported Q3 2025 revenue of approximately $384,000 on 2025-11-14, up 280% year over year, and net income of $2.4 million ($0.01 per share) driven by non-operating items, against an EODHD GAAP EPS of -$0.05. The company ended the quarter with $352 million in cash and cited a sale to a top-5 U.S. bank, small-batch production at its Tempe Fab 1 TFLN foundry, and a Dirac-3 collaboration with NASA Langley. Filed on Form 8-K (Item 2.02) and Form 10-Q.
Revenue remains negligible (~$384K) though up 280%, and the positive net income is non-operating rather than a profitability signal; the meaningful facts are the named customer wins (top-5 bank, NASA) and TFLN-foundry ramp. Logged in the lower earnings band; QCi's separately announced ~$1.5B liquidity / volume-production roadmap is tracked as its own 2025-11-17 event.
QCi continues to convert capital-markets access and government/research engagements (NIST, NASA) into commercial-validation signals ahead of revenue; the TFLN-foundry ramp is the variable that would move it from story stock to supplier.