QUBT Jumps After Strong Q3 and Profitability Return

Quantum Computing (QUBT) surged in pre-market trading Monday after reporting a return to profitability in Q3. The integrated photonic quantum technology firm posted major year-over-year growth and laid out an expansive long-term manufacturing roadmap.

Revenue Surge Driven by Major Bank Contract

Revenue up 280% Y/Y to $384,000
Boosted by a $332,000 purchase order from a top-five U.S. bank for quantum cybersecurity solutions
Company notes accelerating interest in photonic-based quantum products

A Massive $1.5B Cash Position

Quantum Computing now holds the largest cash balance among public pure-play quantum companies:

$352M in cash at quarter end
$461M in investments
Additional $750M raised, bringing total liquidity to over $1.5B

CFO Chris Roberts said the funds will support:

TFLN fabrication initiatives
Quantum machine development
Strategic acquisitions
Team and facility expansion

CEO: Volume Production by End of Decade

CEO Yuping Huang outlined QUBT’s ambitious roadmap:

Move from prototype/small-batch manufacturing
Scale into volume production by the end of this decade
Three-year plan focuses on refining processes, scaling small-batch manufacturing, and expanding facilities
Company aims to build a robust quantum products platform using TFLN integrated chip technology

Huang emphasized that QUBT’s quantum machines and photonic chips are already validated across multiple use cases — the next step is scaling engineering and production.

Stock Performance Context

Despite today’s surge, QUBT has been under pressure:

Down 42% over the past month amid a broader pullback in speculative stocks
Large cash reserves position the company for long-term growth as the quantum industry continues to mature

Industry Trend

Quantum firms are taking advantage of rising valuations to raise capital, building war chests aimed at accelerating commercialization in the second half of this decade.