TLDR
- Quantum Computing Inc. (QUBT) posted Q3 revenue of $0.38 million, crushing consensus by 284% and growing 280% year-over-year.
- The company’s loss of $0.05 per share aligned with estimates, showing improvement from the prior year’s $0.06 loss.
- QUBT stock has dropped 39.4% this year while the broader market gained 14.6%.
- The company holds a Hold rating from Zacks with Q4 projections of $0.05 loss per share.
- Revenue momentum continues despite persistent losses and weak stock performance.
Quantum Computing Inc. reported third-quarter results that shocked on the revenue side. The company generated $0.38 million in revenue for the September 2025 quarter.
This figure crushed analyst expectations of $0.1 million. The beat represents a 284% surprise over consensus estimates.
Revenue grew 280% compared to the same quarter in 2024. Last year’s third quarter brought in just $0.1 million.
On the bottom line, QUBT posted a loss of $0.05 per share. This matched what analysts had predicted.
The result shows improvement from last year’s $0.06 per share loss. A quarter ago, the company also reported a $0.06 loss that met expectations.
QUBT has only topped revenue estimates twice in the past four quarters. The company hasn’t beaten EPS forecasts during that stretch.
Stock Price Tells Different Story
The market hasn’t rewarded the revenue performance. Shares have fallen 39.4% year-to-date.
The S&P 500 gained 14.6% over the same timeframe. This creates a massive performance gap between QUBT and the broader market.
The company competes in the Internet – Software industry. This sector ranks in the top 26% of more than 250 Zacks industries.
Data shows the top 50% of industries outperform the bottom 50% by over 2 to 1. QUBT benefits from being in a relatively strong sector despite individual stock weakness.
Zacks gives the stock a Rank #3, or Hold rating. This indicates shares should move in line with the market going forward.
Forward Outlook Remains Cautious
Analysts expect Q4 to bring another $0.05 loss per share. Revenue projections sit at $0.2 million for the next quarter.
Full-year estimates call for a $0.25 loss per share. Annual revenue is forecast at $0.4 million.
The estimate revision trend heading into this report was mixed. Some analysts adjusted expectations up while others moved them down.
The quantum computing space has seen growing interest from institutions. Federal funding of $625 million has been allocated to national quantum research programs.
Industry players continue launching new products and forming partnerships. These developments provide tailwinds for the entire sector.
Asana Inc. (ASAN) reports earnings December 2 and offers an industry comparison. Analysts forecast Asana will post $0.06 per share earnings, up 400% year-over-year.
Asana’s revenue is expected to reach $198.34 million, growing 7.9%. The consensus for Asana hasn’t changed in 30 days.
QUBT’s 280% revenue growth rate dwarfs most peers. The challenge is converting growth into profits and regaining investor confidence.
The gap between revenue performance and stock price raises questions. Strong top-line growth hasn’t translated to market enthusiasm.
QUBT has only beaten revenue estimates once before this quarter over the past year. Consistency in beating forecasts could help rebuild trust with investors.


