Quantinuum Reports $8 Million in Second Quarter Revenue

Aug 12, 2026
Quantinuum reported second quarter 2026 revenue of $8 million, up 279% year over year. The company also raised $1.7 billion through its initial public offering and ended June with $2.1 billion in cash, cash equivalents and short term investments.

Quantinuum reported second quarter 2026 revenue of $8 million, up 279% year over year, and said it ended June with $2.1 billion in cash, cash equivalents and short term investments, announced in a press release. The company also completed an initial public offering that raised $1.7 billion in gross proceeds.

GAAP gross margin was negative 64.4%, up 27 percentage points from the same period last year. Adjusted gross margin was 62%, down 60 basis points from the prior year period.

GAAP net loss was $597 million, compared with a net loss of $57 million a year earlier. Adjusted EBITDA loss was $68 million, compared with a loss of $43 million, and GAAP net loss per share attributable to Class A common stockholders was $1.93.

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