Shares of Quantum Computing Inc. (QUBT) surged 11.13% in after-hours trading on Friday, following the release of its third-quarter 2025 financial results. The company reported significant growth and positive developments across multiple fronts, exciting investors and driving the stock higher.
The standout figure from the report was the impressive 280% year-over-year increase in revenue, which totaled $384,000 for the quarter. This substantial growth was attributed to increases in research and development services, custom hardware contracts, and initial revenue from cloud-based access to the company's Dirac-3 quantum optimization system. Moreover, Quantum Computing Inc. reported a net income of $2.4 million, or $0.01 per basic share, marking a significant turnaround from the $5.7 million loss in the same period last year.
Investors were also encouraged by the company's robust financial position. As of September 30, 2025, Quantum Computing Inc. held $352 million in cash and $461 million in investments. The company further strengthened its balance sheet by raising an additional $750 million after the quarter's end, bringing its total liquid assets to over $1.5 billion. This substantial war chest positions the company well for future growth and expansion.
Adding to the positive sentiment, Quantum Computing Inc. reported progress in commercializing its quantum AI and cybersecurity solutions. Notably, the company secured its first U.S. commercial sale of quantum cybersecurity products to a top 5 U.S. bank. This milestone validates the real-world applicability of the company's quantum security platform. Additionally, the firm continues to strengthen its partnership with NASA, applying its Dirac-3 quantum optimization machine to space-based LiDAR data processing.
As Quantum Computing Inc. continues to expand its industry engagement and strategic hiring, investors appear optimistic about the company's future prospects in the rapidly evolving quantum computing sector. The after-hours stock surge reflects growing confidence in the company's ability to capitalize on the potential of quantum technologies and translate scientific advancements into commercial success.