QUBT Stock Surges After Q3 Earnings and Revenue Exceed Expectations
Quantum Computing, Inc. (ticker: QUBT) recently announced its third-quarter financial results, exceeding analysts’ expectations for both earnings and revenue. Following the announcement, QUBT stock experienced a significant surge, climbing over 7% in extended trading.
QUBT Financial Results Overview
For the quarter ending in September, Quantum Computing reported:
- Earnings: A profit of $0.01 per share on an adjusted basis, compared to a loss of $0.06 per share in the same quarter last year.
- Revenue: An impressive increase of 280%, totaling $384,000, up from $100,000 projected by analysts.
Yuping Huang, interim CEO, noted that the revenue spike was driven by growth in research and development services and custom hardware contracts. The company also began recognizing revenue from its cloud-based Dirac-3 quantum optimization system.
Future Projections
Looking ahead, analysts forecast that Quantum Computing will generate approximately $200,000 in revenue for the December-ending quarter.
Stock Market Performance
In the stock market, QUBT shares showed resilience, gaining over 5% during Friday’s regular trading session, despite a 42% decline earlier in 2025. Following the earnings report, the stock price reached $11.38.
Company Financial Position
Quantum Computing ended the third quarter with a robust cash position of $352 million and investments totaling $461 million. Subsequently, the company raised an additional $750 million, giving it a total liquid position of over $1.5 billion. This financial strength positions Quantum Computing well to execute its long-term growth strategy.
Technical Ratings and Market Context
From a technical perspective, QUBT holds a Composite Rating of 45 out of a best possible score of 99, reflecting mixed growth potential. The stock also holds an Accumulation/Distribution Rating of B-minus, indicating some institutional buying interest, though not overwhelmingly strong.
Investors should note that Quantum Computing operates in a volatile market, particularly influenced by ongoing debates about the timeline for achieving commercially viable quantum technology.
For real-time updates and insights on Quantum Computing and other technology firms, follow industry expert Reinhardt Krause on X, formerly known as Twitter, at @reinhardtk_tech.
