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Quantum Computing Inc. (QUBT) experienced a share decline of 4.8% over the last three months, compared to a 10.3% increase in the broader industry. In its second-quarter 2025 update, QUBT reported revenues of $61,000, down from $183,000 the previous year, while net losses widened to $36 million, driven by non-cash derivative liabilities from the QPhoton merger.
Meanwhile, competitors Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) posted share gains of 46.4% and 8.9%, respectively. QUBT’s reliance on pilot orders with research institutions and government agencies raises concerns over revenue stability, as significant sales growth remains 12-18 months away.
Analysts indicate a downward trend in estimates for QUBT, which have widened from a loss of 7 cents per share to 17 cents per share for 2025. The company holds $349 million in cash but is struggling to secure large-scale commercial adoption.
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