Quantinuum Past Earnings Performance

Past criteria checks 0/6

Quantinuum's earnings have been declining at an average annual rate of -1.5%, while the IT industry saw earnings growing at 7.9% annually. Revenues have been declining at an average rate of 14.7% per year.

Key information

-1.46%

Earnings growth rate

-742.37%

EPS growth rate

IT Industry Growth	22.43%
Revenue growth rate	-14.67%
Return on equity	-27.89%
Net Margin	-742.49%
Last Earnings Update	30 Jun 2026

Recent past performance updates

Recent updates

New Narrative • Aug 12

Quantum Integration With AI And CHIPS Program Will Drive Long-Term Upside Potential

Catalysts About Quantinuum Quantinuum develops full stack quantum computing systems, software and applications for enterprise, government and research customers. What are the underlying business or industry changes driving this perspective?

Seeking Alpha • Jul 16

Quantinuum: Our Quantum Future Is (Not) Now

Summary With a credible execution record, Quantinuum leads in trapped-ion quantum computing, but its valuations are absurdly stretched. QNT's $1.68B IPO and $17.41B market cap far outpace its $31M FY25 revenue, reflecting high expectations for a distant "future dominance." Despite strong technology and peer-reviewed breakthroughs, QNT faces fierce competition, rising R&D costs, and a December insider lockup expiration. I recommend waiting until January 2027 to consider QNT, when its tech superiority can be had for a better price. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Quantinuum makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:QNT Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Jun 26	23	-171	234	512
31 Mar 26	17	-299	62	184
31 Dec 25	31	-193	49	165
31 Dec 24	23	-144	31	122

Quality Earnings: QNT is currently unprofitable.

Growing Profit Margin: QNT is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Unable to establish if QNT's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare QNT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QNT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (0.1%).

Return on Equity

High ROE: QNT has a negative Return on Equity (-27.89%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/13 01:56
End of Day Share Price	2026/08/13 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Quantinuum Inc. is covered by 12 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mark Moerdler	Bernstein
Vivek Arya	BofA Global Research
Troy Jensen	Cantor Fitzgerald & Co.