Quantum Computing Inc. Joins Russell 2000® and 3000® Indexes, Marking a Major Milestone

Quantum Computing Inc. Joins Russell Indexes

Quantum Computing Inc. (Nasdaq: QUBT), a pioneering company in photonics and quantum optics technology, has announced its impending addition to the prestigious Russell 2000® and Russell 3000® Indexes. This inclusion is slated to take effect after the US market opens on June 30, 2025, following the annual reconstitution of the Russell indexes.

Importance of the Russell Indexes

The Russell 3000 Index is renowned for representing the largest 3,000 publicly traded companies in the United States based on market capitalization. On the other hand, the Russell 2000 Index comprises small-cap companies, providing them an opportunity for visibility within a broader index. Membership in these indexes is particularly valuable as they serve as vital benchmarks for investment managers and institutional investors, influencing over $10.6 trillion in assets currently benchmarked against the Russell US indexes.

A Growing Company in Quantum Technologies

Chris Boehmler, CFO of Quantum Computing Inc., expressed his enthusiasm about this milestone. He stated, “We're pleased to announce the inclusion of QCi in the Russell 3000® and Russell 2000® Indexes, marking a meaningful milestone in our growth.” This recognition not only enhances QCi's visibility among institutional investors but also highlights the significant advancements the company has made in solidifying its financial standing while innovating in quantum technology applications.

Quantum Computing Inc. is renowned for its commitment to making quantum machines accessible and affordable. The company’s technologies operate at room temperature and low power, focusing on affordability and performance. Their offerings encompass high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications – key areas of interest as industries increasingly pivot towards advanced technologies.

The Role of FTSE Russell

The inclusion in the Russell indexes is managed by FTSE Russell, a leader in global index provision. FTSE Russell plays a crucial role in determining membership based on objective market capitalization rankings and style attributes. This annual reconstitution process involves re-evaluating companies as of a specific date—in this case, April 30, 2025. The index membership remains valid for one year, with companies continuously assessed for their market performance.

FTSE Russell’s indices are highly regarded for their transparency and methodology in index design and management. Approximately $18.1 trillion is benchmarked to these indexes globally. Institutions often turn to FTSE Russell for key benchmarks that guide their investment performance, structured products, and derivatives.

Looking Ahead

Quantum Computing Inc.’s future appears promising as it gains greater recognition in the financial markets. This strategic move into the Russell indexes symbolizes a significant adaptive step for the company, especially as the outlined growth trajectory becomes more apparent to investors. Quantum technologies are on the cusp of a breakthrough; companies like QCi will play an essential role in this evolution by providing innovative solutions that can translate theoretical advancements into practical applications.

In conclusion, Quantum Computing Inc.'s impending addition to the Russell 2000® and 3000® Indexes is more than just a statistical milestone; it is a testament to the company’s robust trajectory in the evolving landscape of quantum technologies. As QCi continues to innovate and expand, it sets a strong precedent for its stakeholders and the future of quantum computing.