v3.26.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue —net $ 7,998 $ 2,108 $ 13,235 $ 21,193
Costs and expenses:        
Cost of revenue 10,312 1,205 11,424 2,670
Amortization expense 4,185 2,839 8,370 5,678
Research and development expenses—net 367,292 39,667 421,951 75,440
Sales and marketing expenses 29,328 3,413 43,064 6,802
General and administrative expenses 151,907 6,071 160,603 11,569
Total costs and expenses 563,024 53,195 645,412 102,159
Loss from operations (555,026) (51,087) (632,177) (80,966)
Interest income—net (4,719) (999) (9,483) (2,343)
Loss on change in fair value of warrant liabilities 47,615 6,400 111,815 7,800
Other (income)/expense—net (1,971) 429 (2,013) 800
Loss before taxes (595,951) (56,917) (732,496) (87,223)
Tax expense 569 0 617 183
Net loss (596,520) $ (56,917) (733,113) $ (87,406)
Less: Net loss attributable to Quantinuum (Cayman) prior to the Transactions (110,087)   (246,680)  
Less: Net loss attributable to the non-controlling interest (421,015)   (421,015)  
Net loss attributable to Quantinuum Inc. $ (65,418)   $ (65,418)  
Net loss per share attributable to common Class A shareholders - basic [1] $ (1.93)   $ (1.93)  
Net loss per share attributable to Class A common shareholders - diluted [1] $ (1.93)   $ (1.93)  
Weighted average shares used in computing net loss per share attributable to Class A common stockholders - basic [1] 33,914,995   33,914,995  
Weighted average shares used in computing net loss per share attributable to Class A common stockholders - diluted [1] 33,914,995   33,914,995  
[1] Represents net loss per share of Class A common stock and weighted-average shares of Class A common stock for the period during the Transactions through June 30, 2026, which is the period effective with and following the Transactions as defined in Note 1 — Description of Organization. Refer to Note 14 — Net Earnings Per Share for additional details.