Quantum Computing reports $3.7M Q1 revenue, completes $110M LSI and $5M NuCrypt acquisitions

Filed May 11, 2026 · Period ending May 11, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenue surged to $3.7M from $39K year-over-year, driven by the February acquisition of Luminar Semiconductor and March acquisition of NuCrypt, marking the company's first material revenue quarter.

  Exhibit 99.1 verify on EDGAR →
• high

  Completed $110M all-cash acquisition of Luminar Semiconductor, adding manufacturing capabilities in photonic components, lasers, detectors, and advanced packaging to advance scalable manufacturing.

  Exhibit 99.1 verify on EDGAR →
• high

  Ended quarter with $1.4B in cash and investments (down from $1.5B at year-end) and $16M contract backlog, providing runway for operations and future revenue visibility.

  Exhibit 99.1 verify on EDGAR →