Quantum Computing Inc. (NASDAQ:QUBT) on Thursday reported a steep $36 million loss for its second quarter, far exceeding Wall Street expectations, though executives say most of the hit stems from a non-cash accounting adjustment tied to a 2022 merger.
Losses Spike Due To Non-Cash Warrant Adjustment
During the company’s earnings call, Chris Roberts, CFO of Quantum Computing, said the company recorded a net loss of $36 million, or $0.26 per share, compared with a $5 million loss in the same quarter last year.
Roberts explained the surge was largely driven by a $28 million non-cash loss related to a warrant derivative liability from Quantum’s merger with QPhoton in June 2022.
For the six months ended June 30, 2025, the company reported a net loss of $19.5 million, or $0.14 per share, compared with $11.6 million, or $0.13 per share, in the first half of 2024, Roberts said.
Despite the losses, …