Quantum Computing Inc. Reports Second Quarter 2026 Financial Results

Quantum Computing Inc. Reports Second Quarter 2026 Financial Results HOBOKEN, N.J., Aug. 10, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, today released financial results for the three months ended June 30, 2026.

Dr. Yuping Huang, Chief Executive Officer of QCi, commented, "During the second quarter, we continued to execute on our strategy of making our quantum products smaller, more practical and more accessible. Our room-temperature photonic architecture continues to differentiate QCi by providing a pathway to practical quantum systems with significantly lower complexity, cost and power requirements than competing approaches. At the same time, we are expanding the capabilities of fast prototyping and volume production that not only support our future quantum roadmap but also address growing commercial markets today.

"With the acquisition of NHanced Semiconductors, Inc. ("NHanced") – our third acquisition this year – we launched Fab 2 ahead of schedule, significantly expanding our advanced packaging and semiconductor manufacturing capabilities and accelerating our transition toward scalable, cost-effective production of miniaturized nanophotonic quantum technologies. During the quarter, we also brought NeuraWave, our next-generation photonic reservoir computing platform, to commercial readiness, and subsequently entered into a framework agreement with Planck Dynamics. This agreement supports the deployment of our NeuraWave systems for next-generation AI applications, providing strong market validation of our photonic computing technology.

"In addition, we successfully delivered and installed our Dirac-3 quantum optimization machine at a leading global consulting firm for use with its enterprise customers on complex optimization applications, including portfolio optimization. This deployment represents another important commercial milestone for QCi and demonstrates growing market demand for practical quantum optimization solutions.

"We also received a purchase order from a world-leading university for our quantum secure communications system. This order represents continued commercial traction for our quantum communications portfolio and further recognition of our technology by a premier research institution.

"Supported by a strong balance sheet, we remain well positioned to continue integrating our recent acquisitions, expand our commercial and government customer base and invest in the technologies and manufacturing capabilities that support both our commercial businesses and our long-term quantum roadmap. As we look to the second half of 2026, we stay focused on executing our roadmap and delivering on our mission of putting quantum into the hands of everybody."

Second Quarter 2026 Financial Highlights

Second Quarter 2026 Operational Highlights

Earnings Conference Call

The Company will host its second quarter 2026 call today, Monday, August 10, 2026, at 4:30 p.m. ET. To access the live webcast of the conference call, visit the QCi Investor Relations page at https://quantumcomputinginc.com/investor-relations. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/3051/54283.

To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 222858.

A replay of the teleconference will be available until August 24, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 54283.

About Quantum Computing Inc.

Quantum Computing Inc. (Nasdaq: QUBT) is a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, and delivering accessible, scalable, and cost-effective quantum machines, photonics products, and advanced packaging. The Company provides foundry services for photonic chips and semiconductor manufacturing and offers a vertically integrated portfolio spanning photonics and electronic components, subsystems, and full-stack systems.

Designed to operate at room-temperature with low-power requirements, QCi's technologies enable practical deployment across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging.

Headquartered in Hoboken, New Jersey, QCi also has operations in Arizona, California, Illinois, Indiana, Massachusetts, North Carolina and Virginia. By combining advanced materials, device engineering, and scalable manufacturing, QCi delivers integrated quantum, photonics, and semiconductor technologies, accelerating commercialization and real-world adoption.

Company Contact:

John Nesbett/Zach Nevas

IMS Investor Relations

[email protected]

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our expectations of future results, operational expansion and business strategy are forward-looking statements. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "strategy," "future," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to, future demand for quantum and photonic products, the Company's ability to scale its technology and manufacturing capabilities, the Company's ability to integrate and benefit from recent acquisitions, and the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at www.sec.gov and the Investor Relations section of our website at https://quantumcomputinginc.com/investor-relations, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

QUANTUM COMPUTING INC.

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income

(Unaudited, in thousands, except per share data)

Three Months Ended

June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue

$ 5,551

$ 61

$ 9,242

$ 100

Cost of revenue

6,717

11,129

Gross (loss) profit

(1,166)

(1,887)

Operating expenses

Research and development

8,428

5,975

15,397

8,960

Sales and marketing

1,932

680

3,529

1,352

General and administrative

11,487

3,542

22,750

8,184

Total operating expenses

21,847

10,197

41,676

18,496

Loss from operations

(23,013)

(10,171)

(43,563)

(18,457)

Non-operating income (expense)

Interest and other income

12,954

1,843

26,449

3,539

Interest expense

(12)

(58)

(183)

(116)

Change in fair value of derivative liability

(1,682)

(28,096)

1,494

(4,466)

Loss before income tax provision

(11,753)

(36,482)

(15,803)

(19,500)

Income tax provision

Net loss attributable to common stockholders

(11,753)

(36,482)

(15,803)

(19,500)

Other comprehensive loss:

(945)

(4,767)

Total comprehensive loss

$ (12,698)

$ (36,482)

$ (20,570)

$ (19,500)

Loss per share:

Basic

$ (0.05)

$ (0.26)

$ (0.07)

$ (0.14)

Diluted

$ (0.05)

$ (0.26)

$ (0.07)

$ (0.14)

Weighted average shares used in computing net

loss per common share:

Basic

224,727

141,401

224,355

138,326

Diluted

224,727

141,401

224,355

138,326

QUANTUM COMPUTING INC.

Condensed Consolidated Balance Sheets

(Unaudited, in thousands, except par value data)

June 30, 2026

December 31,

2025

Assets

Current assets:

Cash and cash equivalents

$ 189,150

$ 737,880

Accounts receivable, net

6,856

519

Inventory

12,837

352

Short term investments

765,020

379,421

Accrued interest receivable

7,542

3,634

Prepaid expenses and other current assets

6,906

11,914

Total current assets

988,311

1,133,720

Property and equipment, net

42,898

12,971

Operating lease right-of-use assets

23,146

2,353

Intangible assets, net

29,107

6,500

Goodwill

181,455

55,573

Long-term investments

369,284

403,121

Accrued interest receivable - long term

3,920

4,551

Other non-current assets

1,082

131

Total assets

$ 1,639,203

$ 1,618,920

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$ 4,078

$ 778

Accrued expenses

6,951

9,135

Deferred revenue

3,774

395

Other current liabilities

3,797

766

Total current liabilities

18,600

11,074

Derivative liability

6,279

7,773

Operating lease liabilities

21,102

1,808

Other non-current liabilities

1,184

—

Total liabilities

47,165

20,655

Commitments and Contingencies (see Note 10)

Stockholders' equity:

Preferred stock, $0.0001 par value, 1,550 shares Series A Preferred authorized; no shares issued and

outstanding as of June 30, 2026 and December 31, 2025, respectively; 3,080 shares of Series B Preferred

Stock authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025,

respectively

Common stock, $0.0001 par value, 450,000 shares authorized; 226,319 and 224,165 shares issued and

outstanding as of June 30, 2026 and December 31, 2025, respectively

Additional paid-in capital

1,830,836

1,816,494

Accumulated deficit

(234,959)

(219,156)

Accumulated other comprehensive (loss) income

(3,862)

905

Total shareholders' equity

1,592,038

1,598,265

Total liabilities and shareholders' equity

$ 1,639,203

$ 1,618,920

SOURCE Quantum Computing Inc.