QTREX Quantum Revenue Jumps 438% in First Half of 2026

At a glance

QTREX Quantum reported $1.55 million in revenue for the first half of 2026. That is up about 438% from the same period in 2025, helped by a business it acquired in April.

Key points

1. 1

   Revenue was $1.24 million from products and $313,000 from services.

2. 2

   Gross profit was $944,000, a gross margin of about 61%.

3. 3

   Cash and deposits were $10.7 million on June 30, up from $3.2 million at the end of 2025.

4. 4

   Cash used in operations was $3.9 million, down from $5.1 million a year earlier.

Why it matters

The company makes cryogenic connection parts for quantum computers, so its results show how the quantum hardware business is starting to grow.