Quantum Computing Inc. stock research
FY2024 Q4
Quantum Computing (QUBT) Gross Margin — Quarter Ended Dec 31, 2024
Revenue decreased compared to both the prior quarter and the same quarter last year, while gross profit increased substantially. The gross margin improved significantly, driven by a proportionally larger reduction in cost of revenue relative to revenue.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue decreased compared to both the prior quarter and the same quarter last year, while gross profit increased substantially. The gross margin improved significantly, driven by a proportionally larger reduction in cost of revenue relative to revenue.
- The strongest observable margin driver is the sharp reduction in cost of revenue, which fell more than revenue, leading to a higher gross profit and gross margin.
- Compared to the immediately preceding quarter, gross margin improved from a lower level to a higher level. Compared to the same quarter one year earlier, gross margin also improved from a lower level to a higher level.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
54.8%
Gross profit
$34000
Revenue
$62000
Cost of revenue
$28000
Quarter-over-quarter change
+45.9 pts
Year-over-year change
+41.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2024 | $27000 | $11000 | $16000 | 40.7% |
| Jun 30, 2024 | $183000 | $58000 | $125000 | 31.7% |
| Sep 30, 2024 | $101000 | $9000 | $92000 | 8.9% |
| Dec 31, 2024 | $62000 | $34000 | $28000 | 54.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+45.9 pts
Year-over-year change
Dec 31, 2023
+41.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the sharp reduction in cost of revenue, which fell more than revenue, leading to a higher gross profit and gross margin.
Compared to the immediately preceding quarter, gross margin improved from a lower level to a higher level. Compared to the same quarter one year earlier, gross margin also improved from a lower level to a higher level.
Monitor whether the lower cost of revenue level can be sustained in future quarters.