Quantinuum Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 10, 2026, reporting significant changes to its balance sheet following the conversion of preferred stock and a substantial increase in cash holdings.

Key Highlights

  • Cash position: Cash and cash equivalents stood at $1,936,114 thousand as of September 30, 2026, compared to $762,642 thousand as of December 31, 2025.
  • Total assets: Total assets were $3,084,876 thousand as of September 30, 2026, up from $1,845,625 thousand at December 31, 2025.
  • Preferred stock converted: All Series A, Series A-1, and other convertible redeemable preferred stock carried on the balance sheet as of December 31, 2025 showed a zero balance as of September 30, 2026, reflecting conversion.
  • Shares outstanding: As of November 9, 2026, the registrant had 45,555,575 shares of Class A common stock and 220,260,482 shares of Class B common stock outstanding.
  • Warrant liability eliminated: The warrant liability of $38,400 thousand recorded at December 31, 2025 was reduced to zero as of September 30, 2026.
  • Goodwill: Goodwill was reported at $771,506 thousand as of September 30, 2026, compared to $784,822 thousand at December 31, 2025.
  • Filer status: The company disclosed it is a non-accelerated filer, smaller reporting company, and emerging growth company.

Quantinuum Balance Sheet and Capital Structure as of September 30, 2026

According to the filing, Quantinuum Inc. (NASDAQ:QNT), a Delaware-incorporated quantum computing company headquartered in Broomfield, Colorado, reported total assets of $3,084,876 thousand as of September 30, 2026. The largest component of current assets was cash and cash equivalents of $1,936,114 thousand, a figure the filing presents alongside a December 31, 2025 comparison balance of $762,642 thousand. Other current assets included accounts receivable of $3,254 thousand, inventories of $8,057 thousand (compared to zero at year-end 2025), and other current assets of $39,894 thousand.

On the liabilities side, the filing shows that the warrant liability of $38,400 thousand present at December 31, 2025 was reduced to zero as of September 30, 2026. All series of convertible redeemable preferred stock - including Series A with a December 31, 2025 liquidation preference of $423,540 thousand and Series A-1 with a liquidation preference of $479,930,628 as of December 31, 2025 - carried no balance in the temporary equity section as of September 30, 2026, consistent with conversion into common stock. Total current liabilities were $79,953 thousand, including accounts payable of $19,478 thousand and accrued liabilities of $60,475 thousand.

The filing notes that the registrant had 45,555,575 shares of Class A common stock, par value $0.0001 per share, and 220,260,482 shares of Class B common stock, par value $0.0001 per share, outstanding as of November 9, 2026. Property and equipment, net, increased to $162,598 thousand from $120,965 thousand at December 31, 2025, and right-of-use assets grew to $30,171 thousand from $10,000 thousand. The filing also contains forward-looking statements, which the company states "speak only as of the date of this Quarterly Report" and are subject to its cautionary language and risk factors disclosed in Part II, Item 1A.

What Was Disclosed

Quantinuum Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing balance sheet data showing a significant increase in cash, elimination of preferred stock and warrant liabilities, and growth in total assets to $3,084,876 thousand.