Quantinuum Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	22.97	30.93	22.98
Revenue Growth	-	34.61%	-
Cost of Revenue	13.48	4.73	10.81
Gross Profit	9.49	26.2	12.17
Selling, General & Admin	234.01	48.72	31.33
Research & Development	511.93	165.42	122.24
Amortization of Goodwill & Intangibles	14.05	11.36	11.36
Operating Expenses	760	225.5	164.93
Operating Income	-750.51	-199.3	-152.75
Interest & Investment Income	19.82	12.68	10.03
Other Non Operating Income (Expenses)	-105.18	-3.97	-1.11
EBT Excluding Unusual Items	-835.86	-190.59	-143.84
Legal Settlements	-1.9	-1.9	-
Pretax Income	-837.76	-192.49	-143.84
Income Tax Expense	0.51	0.08	0.23
Net Income	-838.27	-192.56	-144.07
Net Income to Common	-170.57	-192.56	-144.07
Net Income Growth	-	-	-
Shares Outstanding (Basic)	36	300	300
Shares Outstanding (Diluted)	36	300	300
Shares Change	-	-	-
EPS (Basic)	-4.72	-0.64	-0.48
EPS (Diluted)	-4.72	-0.64	-0.48
EPS Growth	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Free Cash Flow	-290.11	-225.35	-134.89
Free Cash Flow Per Share	-8.03	-0.75	-0.45
Gross Margin	41.30%	84.71%	52.97%
Operating Margin	-3266.90%	-644.32%	-664.75%
Profit Margin	-742.49%	-622.55%	-626.97%
Free Cash Flow Margin	-1262.84%	-728.56%	-587.02%
EBITDA	-717.42	-169.82	-121.33
D&A For EBITDA	33.08	29.48	31.43
EBIT	-750.51	-199.3	-152.75

SEC Filings: 10-K · 10-Q