Quantinuum Introduces InQuanto
Explore Industrially Relevant Chemistry Problems on Today’s Quantum Computers
Cambridge, UK and Broomfield, Colorado, May 24th, 2022 — Quantinuum, the global quantum computing company, today announced the release of InQuanto, a state-of-the-art quantum computational chemistry software platform that makes it easy for computational chemists to experiment with a wide range of quantum algorithms on today’s quantum computers.
InQuanto is available for the first time as a standalone platform to commercial organizations, bringing together the latest quantum computing tools in a single application. It was developed and deployed by Quantinuum’s quantum chemistry team to support collaborations with partners such as BMW, Honeywell, JSR, Nippon Steel Corporation, and TotalEnergies to explore quantum computing use cases specific to their industry. They have used it to understand the potential of quantum computing to improve the accuracy of complex molecular and materials simulations in their fields.
InQuanto enables users to mix and match the latest quantum algorithms, advanced subroutines, and chemistry-specific noise-mitigation techniques to make the best use of today's quantum computers. The platform also helps computational chemists to break down larger industrially relevant systems into smaller fragments that can run on today’s small-scale quantum machines. It uses Quantinuum's open-source toolkit, TKET, to reduce the computational requirements for electronic structure simulations and maximize performance across the widest range of quantum devices and simulators.
“Quantum computing offers a path to rapid and cost-effective development of new molecules and materials that could unlock novel answers to some of the biggest challenges we face,” said Patrick Moorhead, CEO and Chief Analyst of Moor Insights and Strategy. “The way to ensure progress is to start prototyping now, using real-world use cases, so that methods are tailored to solving actual needs of the industry. InQuanto is built to enable exactly this.”
BMW and Quantinuum have worked together using the InQuanto platform to simulate electrode reactions in hydrogen fuel cells, with the goal of achieving the highest fidelity on today's machines. The collaboration has focused on modeling the oxygen reduction reaction. It has provided insights into how quantum computers could help with the future design of efficient catalysts and electrodes.
Elvira Shishenina, Quantum Computing Lead at BMW Group New Technologies and Innovation, said, "The path to future progress in materials modeling using quantum computers relies on a deep understanding of both the technology and our applications. Bringing together the fuel cells expertise and highly predictive quantum computing simulations could enhance the new materials development towards zero-physical prototyping.”
Through Quantinuum’s research and development (R&D) collaborations with global partners, the technology now available through InQuanto has led to the achievement of a number of firsts: it explored for the first time the quantification of drug-protein interactions using today’s emerging quantum devices; in a collaboration with Nippon Steel Corporation, it proved its capabilities in the simulation of materials such as iron crystals for steel development; and in a paper published with TotalEnergies, it was used to model metal-organic frameworks for carbon capture.
Ilyas Khan, CEO of Quantinuum said: “We are deeply excited about the news today. InQuanto is a perfect example of a product developed with the active support of the leaders across every sector deeply involved in quantum chemistry. We have created a dedicated quantum computing product for computational chemists looking for the bridge between classical computing, which they know well, and quantum techniques, which show so much promise.”
Rei Sakuma, Principal Researcher of the Materials Informatics Initiative at JSR Corporation, said: "JSR entered into a close partnership with Quantinuum very early on. We participated in the beta testing of InQuanto (formerly EUMEN) and have used it primarily for research and development on novel materials and property prediction. InQuanto is very easy to use, even for researchers and engineers without a deep knowledge of quantum computing. In the future, we would like to use InQuanto not only in research and development but also in actual manufacturing sites, based on the premise of further performance improvement of quantum computers.”
In another project, Quantinuum, together with Honeywell, applied InQuanto to investigate the applicability of quantum computing to the design of novel refrigerants. These complex compounds, widely used in many industries, are chosen for properties such as low toxicity, low flammability, and stability, as well as low global warming potential (GWP) and no ozone depletion potential. Finding new, environmentally friendly refrigerants is a critical challenge for future sustainable solutions. The collaboration modeled a reaction between methane gas, a simple refrigerant, and a simple atmospheric radical using capabilities built into InQuanto.
Gavin Towler, Chief Technology Officer for Honeywell PMT, said: “Honeywell is leaning forward to understand how we use quantum computing capabilities for our business. Tools like InQuanto will play a valuable role in inventing and discovering new chemicals with improved environmental performance.”
Quantinuum is also partnering with Mitsui & Co. and building on its global industrial reach in order to accelerate the InQuanto offering to industrial customers and researchers in Japan and the broader Asia-Pacific region.
Simon Toda, General Manager of Digital Technology Strategy Dept., Integrated Digital Strategy Div. at Mitsui & Co., said: “We are extremely excited to be working with Quantinuum, a global pioneer of quantum computing. We believe the InQuanto platform will bring great innovation to the research and development activities in the chemical industry. With our broad business assets and unique position in the industry and region, we are supporting our customers to create new, innovative value together with Quantinuum.”
Introduction to InQuanto on Medium: https://medium.com/cambridge-quantum-computing/introduction-to-the-inquanto-computational-chemistry-platform-for-quantum-computers-4fced08d66cc
For more information:
To learn more on how you can work with Quantinuum to jumpstart your use case exploration with the InQuanto platform, contact us at inquanto@quantinuum.com. For more information on InQuanto, visit: https://www.quantinuum.com/products/inquanto. The InQuanto license can include access to the Quantinuum System Model H1, powered by Honeywell, ion trap-based quantum computing hardware.
About Quantinuum
Quantinuum is the world’s largest integrated quantum computing company, formed by the combination of Honeywell Quantum Solutions’ world-leading hardware and Cambridge Quantum’s class-leading middleware and applications.
Quantinuum employs over 400 people, including 300 scientists, at eight sites in the US, Europe, and Japan.
Science led and enterprise driven, Quantinuum accelerates quantum computing and the development of applications across chemistry, cybersecurity, finance, and optimization. Quantinuum’s focus is to create scalable and commercial quantum solutions to solve the world’s most pressing problems in fields such as energy, logistics, climate change, and health.
Quantinuum’s open-source developer toolkit TKET provides platform-inclusive access to the world’s leading quantum hardware and simulators and enhances the performance of every Quantinuum product, including cybersecurity key-generation platform, Quantum Origin; quantum computational chemistry and materials science package, InQuanto; and λambeq, Quantinuum's quantum natural language processing and computational linguistics toolkit.
Quantinuum’s H1 generation quantum computer, Powered by Honeywell, is one of the most advanced in the world and was the first to pass the industry standard quantum volume 4096 benchmark. In March 2020, Quantinuum (as Honeywell Quantum Solutions) committed to increasing the quantum volume of its commercial H-Series quantum computers by an order of magnitude each year for the subsequent five years.
The Honeywell Trademark is used under license from Honeywell International Inc. Honeywell International Inc. makes no representations or warranties with respect to this product. This product is produced by Quantinuum.
About Quantinuum
Quantinuum, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents.
- Partnership combines Quantinuum's quantum computing leadership with Quanta Computer's expertise in industrializing advanced computing systems at a global scale
- Companies plan to co-develop the infrastructure, systems engineering, and manufacturing capabilities required for future generations of quantum computers
- Collaboration aims to support Quantinuum's technology roadmap toward commercially-deployable, large-scale, fault-tolerant quantum systems
BROOMFIELD, Colo., and TAIPEI – August 13, 2026 – Quanta Computer (“Quanta”), a Fortune Global 500 manufacturer of advanced computing and cloud infrastructure, and Quantinuum (Nasdaq: QNT), a leading quantum computing company, today announced a collaborative development agreement to help establish an industrial foundation for the next era of quantum computing.
Under the terms of the agreement, the companies plan to jointly develop critical hardware infrastructure supporting future generations of Quantinuum's quantum systems, combining Quantinuum's quantum technology leadership with Quanta's expertise in scaling sophisticated computing platforms.
Quanta and Quantinuum aim to create a practical pathway from today's quantum systems to commercially deployable quantum computers capable of supporting broad enterprise and scientific adoption. The collaboration is aiming to accelerate the path toward scalable quantum computing infrastructure. With joint engineering work already underway, the companies are designing the next generation of hardware infrastructure with the objective of making future quantum computers more modular, manufacturable, and scalable.
"It is time for quantum computing to transition from breakthroughs in physics achieved in the lab to breakthroughs in system manufacturing that can be deployed and operated at scale," said Dr. Rajeeb Hazra, President and CEO of Quantinuum. "Quanta has earned a global reputation for industrializing some of the most advanced computing technologies in the world. By working together, we can help ensure the manufacturing ecosystem, engineering expertise, and supply chains required for large-scale quantum computing evolve in parallel with the technology itself."
About Quantinuum
Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. For additional information on these and other risks that could affect Quantinuum’s forward-looking statements, see Quantinuum’s risk factors discussed in its filings with the U.S. Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the period ended June 30, 2026, as such risk factors may be updated from time to time. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
1 As of December 31, 2025.
- Quantinuum’s most advanced quantum computer, Helios, will be deployed in a US-based OCI AI data center to enable hybrid quantum-AI workloads as an OCI service.
- Quantinuum and Oracle aim to support enterprise, AI lab, academic, and research applications spanning drug discovery, materials science, financial modeling, and large-scale optimization, including AI workloads.
Broomfield, CO and Austin, TX, August 11th, 2026 — Quantinuum (NASDAQ: QNT), a leading quantum computing company, and Oracle today announced a multi-year strategic partnership to bring quantum computing to Oracle Cloud Infrastructure (OCI). Under the partnership, OCI customers will be able to directly access Quantinuum’s Helios, the most accurate commercial quantum computer in the world1, through OCI’s quantum service, alongside OCI’s high-performance computing (HPC) and GPU infrastructure.
Together, Quantinuum and Oracle plan to explore how hybrid quantum-AI infrastructure could address some of the most computationally intensive challenges facing enterprises and broaden access for universities and research institutions advancing scientific discovery and education. The partnership reflects a shared vision that the future of enterprise computing will be built on the convergence of AI, classical supercomputing, and quantum computing. Many complex problems across materials discovery, drug development, logistics, energy, and financial modeling already push the limits of today’s computing architectures.
“We believe the next phase of enterprise computing will be shaped by bringing quantum, AI, and high-performance computing together,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “Deploying Helios inside OCI gives Quantinuum and Oracle an opportunity to create a unique deeply integrated environment for hybrid workloads, explore enterprise use cases with customers, and accelerate commercial adoption.”
Quantum computing offers a fundamentally different approach to computation with the potential to address problems that are impractical for traditional systems alone. In addition, quantum computing uses significantly less energy than supercomputers. A single Helios system has an estimated power draw of less than one percent of the draw reported for leading supercomputers,2 offering a lower power complementary resource for suitable hybrid workloads.
“AI has changed what organizations can imagine, and we believe quantum computing can expand what they’re able to solve,” said Mahesh Thiagarajan, Executive Vice President of Oracle Cloud Infrastructure. “By bringing Quantinuum’s Helios to Oracle Cloud Infrastructure, we want to give developers a practical and secure way to explore how quantum computing could complement their existing AI and HPC workloads on Oracle Cloud Infrastructure while improving compute efficiency and energy use.”
With Quantinuum’s Helios on OCI, customers can expect to gain managed, secure access to cloud-hosted quantum computing without having to procure, install, or operate dedicated hardware or specialized facilities. Helios, launched commercially in November 2025, is Quantinuum’s third-generation quantum computer. The 98-physical-qubit trapped-ion system has been used in demonstrations involving 48 logical qubits and achieves an average two-qubit gate fidelity of 99.921%, exceeding the widely cited “three 9s” threshold. Helios is designed for hybrid integration with classical HPC and AI environments.
By operating on-premises within OCI’s infrastructure, Helios is anticipated to be able to integrate seamlessly with existing OCI compute, networking, storage, identity, and data services under the same governance and access controls customers already use. Oracle plans to preview its OCI quantum service in the coming months, giving developers a streamlined way to move from simulation to execution on real quantum computing hardware. The planned OCI quantum service is expected to combine Quantinuum’s development stack with support for open-source hybrid-programming frameworks, helping developers build, test, and refine quantum-classical applications more efficiently.
New Possibilities for Hybrid Quantum-AI Computing
“Our roadmap includes exploring classical-quantum hybrid computing to accelerate scientific discovery,” said Johannes Blaschke, Head of Scientific Computing, GBI at Ellison Institute of Technology. “QPUs promise to unlock new insights as they are very different from the hardware that we are used to. So having both GPUs and QPUs available within OCI would provide an all-in-one platform, simplify the operation of novel hardware, and help us move at speed from concept to execution by allowing our researchers to focus on innovation. It could herald in an exciting new phase for our work.”
“As quantum computing moves closer to enterprise adoption, simplifying how organizations access and integrate quantum resources has become just as important as advancing the hardware itself,” said Heather West, PhD, Global Quantum Research Lead at IDC. “Deploying quantum systems within private cloud environments enables organizations to integrate quantum computing into existing AI and HPC workflows through familiar cloud infrastructure and development tools, reducing barriers to adoption and making hybrid quantum-classical computing a practical part of enterprise IT.”
About Quantinuum
Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.3 Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of approximately 800 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
Media Contacts
Aaron Sorenson
Quantinuum
aaron.sorenson@quantinuum.com
Carolin Bachmann
Oracle
carolin.bachmann@oracle.com
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Future Product Disclaimer
The above is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.
1 Based on two-qubit gate fidelity as of December 31, 2025.
2 According to Tchakoute, R.N., et al. (2026) Energy-Aware Computing in the Year 2026., leading supercomputers use 16 MW to 39 MW of energy, whereas a single Helios unit uses approximately 60 kW without an HVAC system.
3 As of December 31, 2025
Broomfiled, CO, August 11th, 2026 — Quantinuum Inc. (Nasdaq: QNT) (the “Company”), a leading quantum computing company, today announced financial results for the second quarter ended June 30, 2026.
"Our second quarter performance demonstrated strong execution against our strategy. We delivered critical R&D breakthroughs to advance our platform roadmap and enhance our competitive position, strengthened our supply chain and manufacturing capabilities, and increased our developer ecosystem engagement," said Rajeeb Hazra, President and CEO of Quantinuum. "As a result, we are seeing accelerating commercial momentum for the business, reflected in the second quarter results and the improved full-year outlook. With over $2 billion in cash, we have the capability to invest to accelerate our business plans, while maintaining a disciplined approach to capital allocation to ensure sustainable long-term growth and profitability."
Second Quarter 2026 Financial Highlights
• Completed industry’s first traditional initial public offering, raising $1.7 billion in gross proceeds
• Revenue was $8 million, +279% year-over-year, versus $2 million in the prior-year period
• GAAP gross margin was (64.4%), up 27 percentage points versus the prior-year period
• Adjusted gross margin was 62%, down 60 basis points versus the prior-year period
• GAAP net loss was $597 million, compared with a net loss of $57 million in the prior-year period
• Adjusted EBITDA loss was $68 million, compared with a loss of $43 million in the prior-year period
• GAAP net loss per share attributable to Class A common stockholders was $1.93
• Adjusted net loss per share was $0.28
• Cash & cash equivalents, and short-term investments were $2.1 billion as of June 30, 2026
Adjusted EBITDA, Adjusted Gross Margin and Adjusted net loss per share are non-GAAP financial measures defined under “Non-GAAP Financial Measures.” For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, refer to the Appendix tables at the end of this press release.
Second Quarter and Recent Business Highlights
Commercial Highlights
• Announced an industry-first strategic partnership with Oracle to deploy Helios on Oracle Cloud Infrastructure’s (OCI) AI data center to enable hybrid quantum-AI workloads as an OCI service. By operating on-premises within OCI’s infrastructure, Helios is anticipated to be able to integrate seamlessly with existing OCI compute, networking, storage, identity, and data services under the same governance and access controls customers already use.
• Announced strategic collaboration with HPE to establish a framework for combining quantum computing with HPC and AI environments and engage enterprise customers on hybrid quantum-classical solutions for high-value scientific and industrial use cases.
R&D Milestones
Product Technology and Supply Chain
• Demonstrated industry-leading near five-nines logical fidelity on Helios, with a novel QEC code family, reinforcing Quantinuum’s leadership in fault tolerance.
• Progressing towards the launch of Sol in 2027, with Sol’s trap chip back from fabrication and advancing through product validation.
• Apollo remains on schedule for 2029, with significant progress made across key architectural subsystems through prototyping.
• Signed a new joint development agreement with a leading global electronics manufacturer to co-develop the infrastructure, systems engineering, and manufacturing capabilities required for future generations of quantum computers.
• Entered into a letter of intent with the U.S. Department of Commerce’s CHIPS R&D Office to strengthen onshore supply chains and accelerate U.S. leadership in trapped-ion quantum computing.
Ecosystem
• Accelerated Nexus adoption, with 180 organizations now using the cloud-based developer platform to build new quantum applications.
• Launched Guppy Playpond, a frictionless web-based environment set up for developers to learn writing and testing code in Guppy, to increase adoption of this next-generation quantum programming language.
• Expanded the Quantinuum Startup Partner Program with Qedma, integrating its error suppression and mitigation software into Quantinuum’s Nexus platform, giving enterprise and scientific users an additional optimization layer that can improve accuracy for large, complex workloads.
Application Research
• Invented a new parallel quantum phase-estimation algorithm for faster and more precise determination of molecular properties, with broad applications including pharmaceuticals, life-sciences, and energy.
• Demonstrated, with NVIDIA and a Fortune 100 pharma company, how AI-driven quantum simulation can potentially enhance molecular property characterization in pharmaceutical applications.
• Simulated complex magnetic materials with accuracy beyond the practical capabilities of the most advanced classical computers, with applicability to improving maglev and MRI systems.
Financial Outlook
• Establishing first formal guidance as a public company, with 2026 revenue expected to be in the range of $28 to $32 million.
Second Quarter 2026 Conference Call
Quantinuum will host a conference call at 5 PM Eastern time on Tuesday, August 11, 2026, to discuss its results for the second quarter ended June 30, 2026, and provide a business update. The call will be available live via webcast here.
An archived replay of the webcast will be made available on the Quantinuum Investor Relations website following the call and will remain available for one year.
Non-GAAP Financial Measures
To supplement Quantinuum’s condensed consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company uses the following non-GAAP financial measures presented in this release: Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Net Loss, fully distributed, Adjusted EBITDA, and Adjusted Net Loss Per Share, fully distributed.
Adjusted Gross Profit starts with GAAP gross profit and adds back equity compensation and related employer taxes attributable to cost of revenue and depreciation and amortization attributable to cost of revenue.
Adjusted Gross Margin is calculated as Adjusted Gross Profit divided by revenue, net.
Adjusted Net Loss, fully distributed starts with GAAP net loss on an as-converted basis, adds back GAAP income tax expense, adjusts for equity compensation and related employer taxes, costs of the initial public offering and the transition to public company reporting, the change in fair value of liability-classified warrants, and loss on disposal and write down of assets, and then applies an assumed statutory tax rate to the resulting adjusted pre-tax loss. No tax benefit is recognized in respect of losses subject to a full valuation allowance, and accordingly no tax benefit is reflected in the periods presented.
Adjusted EBITDA starts with Adjusted Net Loss, fully distributed, and further excludes interest income, net, depreciation, and amortization of acquired intangibles.
Adjusted Net Loss Per Share, fully distributed is calculated as Adjusted Net Loss, fully distributed, divided by adjusted shares, fully distributed, basic and diluted, comprising weighted-average Class A common shares outstanding and Common Units of Quantinuum Holdings.
Management believes these measures provide investors with additional information useful in evaluating the Company’s operating performance and trends across periods. Quantinuum’s results include large non-cash charges that do not reflect the cost of operating the business in the period, principally stock-based compensation recognized on completion of the Reorganization and remeasurement of liability-classified warrants. Both are driven by accounting triggers and external inputs rather than operating activity. As an early commercial-stage business, Quantinuum’s period-to-period results also are affected by the timing of individual contracts. Measures that isolate underlying operating performance from non-cash and transition items help investors assess trends across periods.
Quantinuum’s Up-C structure means that GAAP net loss attributable to Quantinuum Inc. reflects only the Class A share of the economics. Presenting adjusted results on an as-converted, fully distributed basis describes the whole economic enterprise, which is how management assesses performance and how the business is managed. Management uses these measures for internal planning and forecasting, evaluating operating performance, and preparing budgets.
These non-GAAP financial measures are supplemental and are not prepared in accordance with GAAP. They are not intended to be considered in isolation or as a substitute for the most directly comparable financial information prepared in accordance with GAAP. Quantinuum’s non-GAAP measures may differ from similarly titled measures used by other companies and, therefore, may not be comparable. Investors should review the reconciliations and should not rely on any single financial measure to evaluate the Company’s business.
Each non-GAAP financial measure is reconciled to its most directly comparable GAAP financial measure in the tables at the end of this release.
About Quantinuum
Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.1 Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of approximately 800 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com.
Availability of Information on Quantinuum’s Website
Investors and others should note that Quantinuum routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the Quantinuum Investor Relations website. While not all of the information that the Company posts to the Quantinuum Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in Quantinuum to review the information that it shares on ir.quantinuum.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of Quantinuum’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs, expectations and outlook are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as “anticipate,” “expect,” “guidance,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “outlook,” “potential,” “continues,” “seeks,” “predicts,” or the negatives of these words and other similar expressions.
Factors that could cause actual results to differ materially from those described in forward-looking statements include, but are not limited to: our ability to develop, commercialize and achieve market acceptance of our quantum computing hardware and software products; the pace of development of the quantum computing industry and the timing of commercial quantum advantage; our ability to attract and retain customers for our quantum computing systems and quantum computing as a service offerings; the risk of technological obsolescence or the emergence of competing quantum computing approaches, including superconducting, photonic, or other modalities; our dependence on key suppliers and manufacturers of specialized components, including those necessary for our trapped-ion quantum systems; our ability to scale production of our quantum computers and related systems; our ability to protect our intellectual property and proprietary technology; the significant research and development costs inherent in developing next-generation quantum computing capabilities; our ability to attract and retain highly skilled scientists, engineers and other personnel in a competitive labor market; changes in government funding, export controls, or regulations affecting quantum technologies; uncertainty regarding the timing and extent of commercial applications; cybersecurity risks and the protection of sensitive customer data; and macroeconomic conditions, geopolitical instability and their potential effects on our business and operations. For additional information on these and other risks that could affect the Company's forward-looking statements, see the Company's risk factors discussed in its filings with the U.S. Securities and Exchange Commission, as such risk factors may be updated from time to time. You should evaluate all forward-looking statements made in this press release in the context of these risks and uncertainties. The Company disclaims any intent or obligation to update, revise or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.
Contacts
Investor & Media Contact
Shub Mukherjee - Investor Contact - investors@quantinuum.com
Aaron Sorenson - Media Contact - press@quantinuum.com
Appendix
