Quantum-Si Reports Third Quarter 2026 Financial Results and Provides Business Update
Key Highlights
- ➤Q3 revenue $212,000, down from $552,000 year over year
- ➤2026 adjusted operating-expense guidance lowered to $87.0 million or less
- ➤2026 total cash-usage guidance lowered to $87.0 million or less
- ➤Proteus launch remains targeted for Q2 2027; pre-order program launched
- ➤Cash, equivalents and marketable securities totaled $149.4 million at September 30
Expert Statements
Jeff Hawkins, President and Chief Executive Officer of Quantum-Si
“We made significant progress during the third quarter as we continued to advance Proteus toward commercial launch.”
Jeff Hawkins, President and Chief Executive Officer of Quantum-Si
“Based on recent performance data, we believe we have substantially addressed the instrument variability issues identified earlier in development, and design activities for our additional instrument cycle are now complete.”
Jeff Hawkins, President and Chief Executive Officer of Quantum-Si
“At World HUPO, we demonstrated that Proteus significantly outperformed Platinum Pro across key measures of sequencing performance.”
Jeff Hawkins, President and Chief Executive Officer of Quantum-Si
“Based on customer feedback and the positive reception to the data, we recently launched our Proteus pre-order program to help customers plan for adoption and secure priority access following commercial launch.”
Jeff Hawkins, President and Chief Executive Officer of Quantum-Si
“We remain confident in our path to commercial launch of Proteus in the second quarter of 2027.”
BRANFORD, Conn., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or the “Company”), a proteomics technology company redefining protein analysis through single-molecule protein sequencing, today announced financial results for the third quarter ended September 30, 2026.
Press Release Highlights * Reported third quarter 2026 revenue of $212,000 during the transition period from Platinum® to Proteus, which is expected to continue through the first half of 2027 * Highlighted interim Proteus performance data presented at World HUPO including approximately 30 times more sequencing output per chamber in a controlled peptide study * Highlighted detection of 19 amino acids, with the 20th expected before year-end * Announced launch of the Proteus pre-order program * Updated full-year 2026 guidance for lower adjusted total operating expenses and lower total cash usage, and reaffirmed cash runway into the fourth quarter of 2028 “We made significant progress during the third quarter as we continued to advance Proteus toward commercial launch,” said Jeff Hawkins, President and Chief Executive Officer of Quantum-Si. “Based on recent performance data, we believe we have substantially addressed the instrument variability issues identified earlier in development, and design activities for our additional instrument cycle are now complete. During the quarter, we also advanced recognizer development to 19 amino acids, keeping us on track to achieve all 20 amino acids by year-end. We also made meaningful progress in our library preparation technology development and accelerated the integration of AI throughout our data analysis pipeline. Together, these advancements continue to strengthen the capabilities of the Proteus platform and our confidence in its commercial potential.”
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