Quantum Computing Inc. (QCi) reported a 219% increase in Q4 revenue driven by its new Fab 1 facility. While operating expenses rose significantly due to scaling and M&A, the net loss narrowed substantially to $1.6 million, aided by non-cash derivative gains and interest income. The company ended the year with a massive cash position of $737.9 million following a $750 million private placement.

QCi saw a substantial increase in revenue and transitioned to net profitability in Q3 2025, driven by new commercial deals, including a key sale to a top U.S. bank. The company raised $500 million during the quarter and ended with a robust cash and investment position exceeding $800 million.

QCi posted $61,000 in revenue for the quarter and a net loss of $36.5 million, largely driven by a $28 million non-cash mark-to-market loss related to a warrant derivative liability. Despite the financial loss, the company made progress in commercial deployments and operational scaling.