Quantinuum Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	30.93	22.98
Revenue Growth (YoY)	34.61%	-
Cost of Revenue	4.73	10.81
Gross Profit	26.2	12.17
Selling, General & Admin	48.72	31.33
Depreciation & Amortization Expenses	11.36	11.36
Research & Development	165.42	122.24
Total Operating Expenses	225.5	164.93
Operating Income	-199.3	-152.75
Total Non-Operating Income (Expense)	6.81	8.92
Pretax Income	-192.49	-143.84
Provision for Income Taxes	0.08	0.23
Net Income	-192.56	-144.07
Net Income to Common	-192.56	-144.07
Shares Outstanding (Basic)	300	300
Shares Outstanding (Diluted)	300	300
EPS (Basic)	-0.64	-0.48
EPS (Diluted)	-0.64	-0.48
Free Cash Flow	-225.35	-134.89
Free Cash Flow Per Share	-0.75	-0.45
Gross Margin	84.71%	52.97%
Operating Margin	-644.32%	-664.75%
Profit Margin	-622.55%	-626.97%
FCF Margin	-728.56%	-587.02%
EBITDA	-169.52	-120.53
EBITDA Margin	-548.06%	-524.52%
EBIT	-199.3	-152.75
EBIT Margin	-644.32%	-664.75%
Effective Tax Rate	-0.04%	-0.16%

SEC Filings: 10-K · 10-Q