Quantum Computing raises $1.64B, reports Q1 revenue surge to $3.7M amid expansion

Filed May 18, 2026 · Period ending May 13, 2026 · ~1 min read

Key Changes

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  Raised $1.64 billion from institutional investors since November 2024 to fund manufacturing expansion, R&D, and growth in quantum photonics and integrated circuits.

  Exhibit 99.1 verify on EDGAR →
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  Acquired Luminar Semiconductor and NuCrypt as part of vertical integration strategy, adding over 65,000 sq ft of ISO-certified facilities with semiconductor laser, detector, and quantum communications capabilities.

  Exhibit 99.1 verify on EDGAR →
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  Q1 2026 revenue jumped to $3.7M from $39K year-ago, but posted $4.0M net loss as operating expenses tripled to $19.8M (prior year's $17.0M income driven by $23.6M derivative gain).

  Exhibit 99.1 verify on EDGAR →