Quantum Computing Incorporated (QUBT) holds Q2 2025 financial results discussion transcript
Quantum Computing Inc. (QUBT) has been making significant strides in the second quarter of 2025, with a series of key appointments, facility openings, and commercial deals.
Leadership Shuffle
The company appointed Yuping Huang as Interim CEO, Christopher Bruce Roberts as CFO, Milan Begliarbekov as Chief Operating Officer, and Pouya Dianat as Chief Revenue Officer. Huang, in his role as Interim CEO and Chairman, discussed QCI's progress in the second quarter, focusing on commercial adoption, government partnerships, and key milestones.
New Facility and Commercial Deals
QCI announced the grand opening of its state-of-the-art quantum photonic chip facility in Tempe, Arizona. The facility is now fully operational and fulfilling customer preorders. The company also secured a new commercial order from a top 5 U.S. bank for its Quantum Cybersecurity Solution. QCI shipped its first commercial entangled photon source to a leading research institution in South Korea and reported a subcontract valued at over $400,000 to support NASA's Langley Research Center.
Financial Performance
Despite the increased operating expenses, QUBT's gross margin for Q2 2025 increased to 43% from 32% in Q2 of 2024. However, the company reported a net loss attributable to common stockholders of $36 million for Q2 2025 or $0.26 per share. QUBT substantially strengthened its capital position during Q2 2025, closing on a $200 million financing in June.
Earnings Conference Call and Future Plans
Quantum Computing Inc. held a Q2 2025 Earnings Conference Call on August 14, 2025. The call was recorded and was hosted by Rosalyn Christian with IMS Investor Relations. The call included updates on the business, followed by a question-and-answer session.
Looking ahead, QUBT plans key technical advancements over the next 1 to 3 years. The company is focused on pre-commercial development and availability of quantum machines and foundry services based on integrated photonics. Their roadmap involves delivering integrated photonic quantum processors, enhancing quantum machine performance via reprogrammable photonic circuits, expanding the quantum photonic platform’s commercial readiness, and protecting and continuing innovation in device-level components.
The company's unique emphasis is on photonic integration with nano-photonic chips that operate at room temperature, aiming for scalable quantum machines applicable at the edge rather than enclosed laboratory conditions. This approach sets QUBT apart from industry giants like IBM and Intel, who are targeting milestones such as achieving quantum advantage and scaling more traditional qubit technologies.
In conclusion, over the next 1 to 3 years, Quantum Computing Inc. expects to advance and commercialize its TFLN photonic quantum engine platform, provide pre-commercial quantum machines and foundry services integrating quantum processors with nano-photonic chips, innovate in quantum photonic hardware and algorithms to support specialized quantum applications at room temperature, and build a patent-protected ecosystem covering systems design, devices, and application-level quantum computing methods focused on scalable, accessible photonic quantum technologies.
The company also made a significant commercial sale of its EmuCore reservoir computing system to a major global automotive manufacturer. As of June 30, 2025, total assets stood at $426 million, up from $154 million in year-end 2024. QUBT ended Q2 2025 with cash and equivalents of $349 million on its balance sheet. For the 6 months ended June 30, 2025, the company reported a net loss of $19.5 million or $0.14 per share.
Participants in the earnings call included Christopher Bruce Roberts as CFO & General Counsel, Rosalyn Christian as Corporate Participant, Yuping Huang as Interim CEO, President, Chief Quantum Officer & Chairman, and Troy Donavon Jensen from Cantor Fitzgerald & Co., Research Division.
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