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Get filing alertsQuantum 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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high
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 view 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 view 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 view on EDGAR → -
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Cash declined $480M to $257.7M from year-end 2025, offset by $1.15B in short- and long-term investments; goodwill and intangibles rose $103.6M from acquisitions.
Exhibit 99.1 view on EDGAR → -
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Announced early planning for Fab 2, a second thin-film lithium niobate manufacturing facility to support higher-volume production of photonic integrated circuits.
Exhibit 99.1 view on EDGAR →
Summary
Quantum Computing disclosed a $1.64 billion capital raise since November 2024 and two strategic acquisitions—Luminar Semiconductor and NuCrypt—that expand its vertical integration in photonics and quantum communications.
The company now operates over 65,000 square feet of ISO-certified manufacturing capacity and is planning a second fabrication facility (Fab 2) to scale production of thin-film lithium niobate components for AI, sensing, and quantum applications.
Q1 2026 financials show the company transitioning from early-stage to commercial operations: revenue surged to $3.7 million from $39,000 a year earlier, but operating expenses nearly tripled to $19.8 million as the company ramped R&D, sales, and administrative functions. The $4.0 million net loss contrasts with prior-year income of $17.0 million, which was driven by a one-time $23.6 million derivative gain. Cash fell $480 million quarter-over-quarter to $257.7 million, though the company holds $1.15 billion in combined short- and long-term investments. Goodwill and intangibles rose $103.6 million, reflecting the recent acquisitions. The capital raise and manufacturing expansion position QCi for scaled production, but the burn rate—nearly $20 million in quarterly operating expenses—and the shift from derivative-driven gains to operational losses warrant attention as the company executes its commercialization roadmap.
Section-by-Section Diff
Event · Exhibit 99.1
QCi filed an investor presentation highlighting recent acquisitions, $1.64B capital raised since Nov 2024, and Q1 2026 financials.
Added in current filing · view on EDGAR →
March 31, 2026 December 31, 2025 Assets Current assets: Cash and cash equivalents $ 257,711 $ 737,880 Accounts receivable, net 4,281 519 Inventory 4,112 352 Short-term investments 728,401 379,421 Accrued interest receivable 5,346 3,634 Prepaid expenses and other current assets 5,225 11,914 Total current assets 1,005,076 1,133,720 Property and equipment, net 16,942 12,971 Operating lease right-of-use assets 5,206 2,353 Intangible assets, net 19,191 6,500 Goodwill 146,511 55,573 Long-term investments 422,818 403,121 Accrued interest receivable - long term 4,517 4,551 Other non-current assets 273 131 Total assets $ 1,620,534 $ 1,618,920
As of March 31, 2026, QCi held total assets of $1.62 billion, including $257.7 million in cash and $1.15 billion in combined short-term and long-term investments. Cash declined by $480 million from year-end 2025, offset by increased investments. Goodwill and intangible assets rose significantly due to recent acquisitions, increasing by $90.9 million and $12.7 million respectively.
Event · Item 7.01 — Regulation FD Disclosure
Company furnished investor presentation from May 2026 conference to its website under Regulation FD.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On May 13, 2026, Quantum Computing Inc. (the “Company”) presented an investor presentation at an investor conference, and on May 14, 2026, the Company posted the presentation to the Company’s website.
The company presented at an investor conference on May 13, 2026 and subsequently posted the presentation materials to its website on May 14, 2026. The presentation is being furnished under Regulation FD disclosure requirements, meaning it contains information the company is making publicly available to ensure fair disclosure to all investors.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 25, 2026 · How we verify