Quantum Computing Inc. stock research
FY2025 Q2
Quantum Computing (QUBT) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit increased from the prior quarter, while cost of revenue rose at a slower pace, resulting in an improved gross margin. Compared to the same quarter a year earlier, revenue was lower but gross margin was higher because cost of revenue declined more sharply.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit increased from the prior quarter, while cost of revenue rose at a slower pace, resulting in an improved gross margin. Compared to the same quarter a year earlier, revenue was lower but gross margin was higher because cost of revenue declined more sharply.
- The strongest observable margin driver is the relative movement of cost of revenue versus revenue; cost of revenue decreased substantially from the year-ago quarter while revenue decreased less, and it increased quarter-over-quarter at a slower rate than revenue growth.
- Compared to the immediately preceding quarter, gross margin improved as revenue growth outpaced cost of revenue growth. Compared to the same quarter one year earlier, gross margin strengthened because cost of revenue declined more than revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.6%
Gross profit
$26000
Revenue
$61000
Cost of revenue
$35000
Quarter-over-quarter change
+9.3 pts
Year-over-year change
+10.9 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 |
|---|---|---|---|---|
| Sep 30, 2024 | $101000 | $9000 | $92000 | 8.9% |
| Dec 31, 2024 | $62000 | $34000 | $28000 | 54.8% |
| Mar 31, 2025 | $39000 | $13000 | $26000 | 33.3% |
| Jun 30, 2025 | $61000 | $26000 | $35000 | 42.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+9.3 pts
Year-over-year change
Jun 30, 2024
+10.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relative movement of cost of revenue versus revenue; cost of revenue decreased substantially from the year-ago quarter while revenue decreased less, and it increased quarter-over-quarter at a slower rate than revenue growth.
Compared to the immediately preceding quarter, gross margin improved as revenue growth outpaced cost of revenue growth. Compared to the same quarter one year earlier, gross margin strengthened because cost of revenue declined more than revenue.
Monitor the trajectory of cost of revenue relative to revenue as revenue scale changes, to assess whether the gross margin improvement can be sustained.