Quarterly ResultMay 7, 2026, 04:54 PM
Quantum-Si Q1 Net Loss $21.7M; Revenue $0.26M
AI Summary
Quantum-Si reported a net loss of $21.7 million for Q1 2026, an increase from $19.2 million in Q1 2025, with total revenue significantly decreasing to $0.26 million from $0.84 million year-over-year. The company continues to develop its next-generation ProteusTM platform, anticipated to launch by the end of 2026. Despite ongoing losses and negative cash flows, management believes current cash, cash equivalents, and marketable securities of $190.4 million are sufficient to fund operations for at least the next twelve months.
Key Highlights
- Net loss for Q1 2026 was $21.7 million, up from $19.2 million in Q1 2025.
- Total revenue for Q1 2026 decreased to $0.26 million from $0.84 million in Q1 2025.
- Net loss per common share was $(0.10) for Q1 2026, compared to $(0.11) in Q1 2025.
- Cash, cash equivalents, and marketable securities totaled $190.4 million as of March 31, 2026.
- Research and development expenses increased to $14.5 million in Q1 2026 from $13.7 million.
- Selling, general and administrative expenses decreased to $9.6 million in Q1 2026 from $11.9 million.
- Net cash used in operating activities was $(25.6) million in Q1 2026, an improvement from $(26.2) million.
- Accumulated deficit reached $719.7 million as of March 31, 2026.
Price Impact
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