01 Quantum (ONE) Q2 2025 earnings summary

Executive summary

• Announced a strategic partnership and co-development agreement with Hitachi, including revenue sharing, and expanded global partnerships with firms like CGI, TALOS, PwC, and a major Japanese systems integrator, accelerating business momentum after Google's quantum chip announcement.

• Business model features two revenue streams: direct SaaS sales of quantum-safe products and licensing/partnering with large enterprises for quantum safety conversions.

• Achieved significant milestones in Q2 2025, including a strengthened balance sheet, new co-development agreement, and patent application for PQC-enabled AI technology.

• Expanded investor relations program and engaged a market maker to increase market awareness and liquidity.

• Accelerated development of a quantum-safe AI marketplace, with a patent filed and demonstration expected soon; commercial launch targeted for 2026.

Financial highlights

• Ended Q2 2025 with $823,235 in cash and securities; post-quarter private placement added $511,500, totaling $1,334,735 available cash.

• Quarterly revenue remained recurring and stable compared to the same quarter last year, with Q2 2025 revenue at $102,807, down from $106,220 in Q2 2024.

• Q2 2025 net loss was $286,783, compared to $68,638 in Q2 2024; adjusted loss (excluding non-cash items) was $205,801 vs. $28,508 year-over-year.

• Cash operating expenses rose to $308,753 from $128,240 year-over-year, driven by increased R&D and investor relations spending.

• Maintains zero debt.

Outlook and guidance

• Expects revenue acceleration into Q3 and beyond, driven by advanced-stage PQC projects and expansion of product support.

• Revenue growth expected from PQC-compliant quantum-safe technologies rather than legacy services.

• Commercial availability of the AI marketplace projected for Q2 2026, with ongoing demonstrations and announcements planned.

• Proof of concept for PQC-compliant AI platform anticipated later in 2025.

• Plans to expand IronCAP XTM to support cross-platform end-to-end PQC-compliant encryption.