Quantum Computing Inc.
quantumcomputinginc.comWhat Do They Do?
Provides professional and research services, along with photonic quantum-computing machines and optical chips, to commercial and government customers.
10-K for FY2025, filed Mar 2, 2026Quantum Computing Inc. is an American company incorporated in Delaware and based in Hoboken, New Jersey utilizing integrated photonics and…View ↗
In addition to our EQC technology, we have leveraged QCi’s core photonics technology to demonstrate powerful quantum sensing use cases in…View ↗
We believe that TFLN optical integrated circuits (“TFLN Optical Chips”) will ultimately provide the greatest scalability and performance…View ↗
Revenues for the year ended December 31, 2025 were $682 thousand compared to $373 thousand for the year ended December 31, 2024, an…View ↗
How Do They Make Money?
Customers pay for professional services and research work as hours are worked or work progresses, and for hardware products when units are delivered.
10-K for FY2025, filed Mar 2, 2026
-
10-K for FY2025, filed Mar 2, 2026
FY2025 revenue by product or service ↗
$682K
-
10-K for FY2025, filed Mar 2, 2026
$682K ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Services
Recurring
10-K for FY2025, filed Mar 2, 2026 |
54% |
Services, FY2025
$368K Sources
|
Recurring |
|
Products
Sold outright
10-K for FY2025, filed Mar 2, 2026 |
46% |
Products, FY2025
$314K Sources
|
Sold outright |
Who Are Their Customers?
Commercial and government customers contract for hardware products and professional services under multi-month agreements.
10-K for FY2025, filed Mar 2, 2026Revenues for the year ended December 31, 2025 were $682 thousand compared to $373 thousand for the year ended December 31, 2024, an…View ↗
Do Revenues Turn Into Profits?
No. It lost $18.7M in FY2025.
10-K for FY2025, filed Mar 2, 2026
−$51.1MView ↗
10-K for FY2025, filed Mar 2, 2026
−$18.7MView ↗
10-K for FY2025, filed Mar 2, 2026
−$37MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 10, 2026
−$11.8MView ↗
- ▼ −68% (Loss)
- vs −$36.5M in Q2 FY2025
-
Jun 23, 2026
Acquired NHanced Semiconductors
The acquisition added semiconductor packaging, fabrication and manufacturing capabilities.
Sources
8-K, filed Jun 23, 2026
On June 22, 2026, the Company completed the acquisition of all of the issued and outstanding shares of common stock of NHanced pursuant to…View ↗
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Mar 5, 2026
Acquired quantum communications company NuCrypt
NuCrypt brought quantum communications systems and products into the company's portfolio.
Sources
8-K, filed Mar 5, 2026
On March 5, 2026, Quantum Computing Inc. (the “Company”) announced the completion of its acquisition of NuCrypt, LLC (“NuCrypt”), in a…View ↗
Software to photonics products
The older report centered on Qatalyst software for running optimization problems on classical and quantum computers. The latest describes a broader portfolio of quantum machines, photonic devices and TFLN chip foundry services.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 2, 2026Quantum Computing Inc. is an American company incorporated in Delaware and based in Hoboken, New Jersey utilizing integrated photonics and…View ↗
Further, our EQC development plan to gradually replace discrete optical components with photonic integrated circuits will provide us the…View ↗
We believe that TFLN optical integrated circuits (“TFLN Optical Chips”) will ultimately provide the greatest scalability and performance…View ↗
Who Do They Compete With?
Competes with IBM, Google, Intel, Microsoft, Quantinuum, Amazon, D-Wave Quantum, Rigetti Computing, IonQ, PsiQuantum, Xanadu, and Infleqtion
10-K for FY2025, filed Mar 2, 2026These entities range in size from diversified global companies with significant research and development resources such as IBM, Google…View ↗
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