Quantum Computing (QUBT) Q2 2026 Earnings Call Transcript

Image source: The Motley Fool. Monday, Aug. 10, 2026 at 4:30 p.m. ET Chief Executive Officer and Chairman - Dr. Yuping Huang Revenue -- $5.6 million, increasing from $61,000 in the prior year period due to sales of photonics products across government, educational, and commercial sectors. Net Loss -- $11.8 million or $0.05 per basic share, representing a decrease from a net loss of $36.5 million or $0.26 per share primarily due to a lower mark-to-market loss on derivative liabilities. Operating Expenses -- $21.8 million, representing a 114% increase driven by higher headcount, payroll for research and development, and $7.3 million in acquisition-related expenses. Interest and Other Income -- $13 million, compared to $1.8 million in the second quarter of 2025, reflecting interest generated from a larger cash and investment position. Cash, Cash Equivalents, and Investments -- $1.3 billion as of June 30, 2026, down from $1.5 billion at year-end 2025 following strategic acquisitions. Total Assets -- $1.6 billion, which remained relatively unchanged compared to Dec. 31, 2025. Total Liabilities -- $47.2 million, an increase of $26.5 million compared to year-end 2025. Stockholders’ Equity -- $1.6 billion as of June 30, 2026. Contract Backlog -- $42.5 million, with contracts typically…