Quantum Computing (QUBT) Revenue — Quarter Ended Dec 31, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same period a year earlier. The company continues to invest heavily in research, development, and go-to-market programs while generating limited revenue from hardware offerings.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue declined in the current quarter compared to both the prior quarter and the same period a year earlier. The company continues to invest heavily in research, development, and go-to-market programs while generating limited revenue from hardware offerings.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$62K
Revenue reported for this quarter.
Quarter-over-quarter
-38.6%
Change from the immediately preceding quarter.
Year-over-year
-17.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$373K
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2024 | $27K | -77.7% |
| Jun 30, 2024 | $183K | +63.4% |
| Sep 30, 2024 | $101K | +102.0% |
| Dec 31, 2024 | $62K | -17.3% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter. The company has incurred net losses and negative cash flows from operations since inception.
Quarterly comparison
Revenue was lower than both the prior quarter and the same quarter one year earlier. The trailing twelve-month revenue reflects the cumulative performance over the past year.
What to watch
The company will require significant cash for continued investment in its Foundry Services and photonics chip development until it can generate meaningful hardware revenue.