AcquisitionsMay 11, 2026, 04:15 PM
Quantum Computing Reports Q1 Net Loss $4.05M; Completes Two Acquisitions
AI Summary
Quantum Computing Inc. reported a net loss of $4.05 million for Q1 2026, a shift from a net income of $16.98 million in Q1 2025, despite a significant increase in total revenue to $3.69 million. The company completed two strategic acquisitions in the quarter: Luminar Semiconductor, Inc. (LSI) for $110 million in cash and NuCrypt, LLC, enhancing its photonic and quantum communications capabilities. These acquisitions contributed to a substantial increase in goodwill and intangible assets, and a significant use of cash in investing activities.
Key Highlights
- Acquired Luminar Semiconductor, Inc. (LSI) in February 2026 for $110.0 million in cash.
- Acquired NuCrypt, LLC in March 2026, enhancing quantum communications technology.
- Total revenue increased to $3.69 million in Q1 2026 from $39 thousand in Q1 2025.
- Reported a net loss of $4.05 million in Q1 2026, compared to net income of $16.98 million in Q1 2025.
- Basic loss per share was $0.02 in Q1 2026, down from earnings of $0.13 in Q1 2025.
- Cash and cash equivalents decreased to $257.7 million from $737.9 million at December 31, 2025.
- Goodwill increased to $146.5 million from $55.6 million at December 31, 2025 due to acquisitions.
- Net cash used in investing activities was $474.3 million, primarily for acquisitions.
Price Impact
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