Read more
5:03 PM ยท 16 May 2025

Quantum Computing shares surge 36% on Q1 report ๐Ÿ“ˆ

-
-
Open account Download free app

Shares of a company Quantum Computing from the quantum computing and computer science sector are up 36% today after the firm beat net income expectations and reported a significant increase in cash on its balance sheet, effectively buying itself more time to reach full and stable profitability.

  • Earnings per share came in at 11 cents, beating the consensus estimate of a 7-cent loss.
  • Revenue totaled $39,000, below expectations ($100,000), but representing a 44.44% year-over-year increase.
  • Cash and cash equivalents at the end of the quarter stood at $166.4 million, a $87.5 million YoY increase.
  • Total assets amounted to $242.5 million.
  • The company announced significant operational and financial progress in the first quarter.
  • It completed construction of its Quantum Photonic Chip Foundry in Tempe, Arizona.
  • The facility is intended to meet growing demand for thin-film lithium niobate (TFLN) photonic chips, with the company announcing its fifth order during the period.

QUBT.US shares are still down 50% from their Q4 2024 highs, when the entire quantum sector surged following Google’s comments.

Source: xStation5

1 April 2026, 1:45 PM

US Open ๐Ÿ—ฝUS500 gains ahead of the opening session on Wall Street

1 April 2026, 12:35 PM

Market Wrap: European stocks join the bullish rally ๐Ÿš€ Euro Stoxx +3%

1 April 2026, 10:48 AM

Will EssilorLuxottica and L'Orรฉal acquire part of the Giorgio Armani brandโ“

1 April 2026, 10:44 AM

Nike slumps 10% after earnings falling to the lowest level since 2015 ๐Ÿ“‰

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits