Quantum Computing Opens Photonic Chip Fab as Q4 Loss Narrows to $1.6M
Quantum Computing reported a $1.6 million net loss in Q4 2025 on $198,000 revenue, missing estimates by 40% despite beating EPS projections. The company opened a thin-film photonic chip fab, acquired Lumina Semiconductor, appointed new executives and unveiled its Neuronave reservoir computing system while planning a multi-hundred-million-dollar second facility.
1. Q4 Financial Performance
Quantum Computing reported a $1.6 million net loss in Q4 2025 on $198,000 revenue, beating EPS forecasts but falling short of revenue estimates and driving a 2.2% share price decline in after-hours trading.
2. Photonic Chip Fabrication Expansion
The company commissioned its thin-film lithonate photonic chip fabrication facility and expanded foundry services, which have started generating early customer engagements and revenue contributions.
3. Leadership Changes and Acquisition
Management changes include appointments of a new CEO, CFO, and an independent board member, while the acquisition of Lumina Semiconductor bolstered design, fabrication and packaging capabilities and added an established customer base.
4. Future Fab 2 Investment
Executives outlined plans for a second fabrication facility in a larger space, with capital expenditures expected in 2–3 years and costs projected in the several hundred million dollar range.