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Quantum Computing Inc.

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Key Metrics

Previous Close: $8.42
52-Week Range: $6.18 – $25.84
Market Cap: $1.84B
P/E (TTM): —
EPS (TTM): -0.04
Dividend Yield: —

Advanced Metrics

Price/Book: 1.16
PEG Ratio: —
Return on Equity: -1.51%
Return on Assets: -4.16%
Gross Margin: -18.92%
Operating Margin: -281.27%
Profit Margin: -152.45%
Current Ratio: 53.13
Debt/Equity: 0.01
Total Debt: $23.39M
Free Cash Flow: $-53.91M
Revenue Growth: 9000.00%
Earnings Growth: —
Enterprise Value: $911.68M

QUBT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$136.00K	$358.00K	$373.00K	$682.00K
Cost of Revenue	$61.00K	$196.00K	$261.00K	$615.00K
Gross Profit	$75.00K	$162.00K	$112.00K	$67.00K
Research & Development	$5.22M	$8.89M	$11.32M	$20.47M
Selling, General & Admin	$23.50M	$17.51M	$14.73M	$30.67M
Operating Expenses	$28.72M	$26.41M	$26.05M	$51.14M
Operating Income	-$28.64M	-$26.24M	-$25.94M	-$51.08M
EBITDA	-$23.34M	-$21.89M	-$61.95M	-$13.67M
Pretax Income	-$25.98M	-$27.02M	-$68.54M	-$18.67M
Income Tax	$0.00	$0.00	$0.00	$0.00
Net Income	-$25.98M	-$27.02M	-$68.54M	-$18.67M
Diluted EPS	-0.69	-0.42	-0.73	-0.11
Diluted Shares	55.96M	66.61M	93.88M	164.49M

QUBT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$5.31M	$2.06M	$78.94M	$737.88M
Receivables	$13.00K	$344.00K	$27.00K	$4.15M
Inventory	$0.00	$73.00K	$18.00K	$352.00K
Current Assets	$5.45M	$2.66M	$79.15M	$1.13B
Total Assets	$78.51M	$74.36M	$153.56M	$1.62B
Current Liabilities	$4.59M	$4.81M	$4.56M	$11.07M
Long-Term Debt	$7.19M	—	—	—
Total Debt	$8.27M	$2.77M	$1.18M	$1.81M
Total Liabilities	$13.39M	$5.65M	$46.27M	$20.66M
Retained Earnings	-$104.06M	-$131.94M	-$200.48M	-$219.16M
Shareholders' Equity	$65.12M	$68.70M	$107.29M	$1.60B
Working Capital	$857.00K	-$2.16M	$74.59M	$1.12B
Net Debt	$1.88M	$437.19K	—	—

QUBT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$15.38M	-$18.32M	-$16.21M	-$30.29M
Capital Expenditure	-$870.00K	-$2.11M	-$6.04M	-$6.69M
Free Cash Flow	-$16.25M	-$20.43M	-$22.25M	-$36.98M
Depreciation & Amortisation	$1.86M	$3.53M	$4.09M	$4.94M
Stock-Based Compensation	$11.67M	$4.55M	$5.80M	$8.68M
Investing Cash Flow	-$2.23M	-$2.61M	-$6.04M	-$788.33M
Financing Cash Flow	$6.17M	$17.68M	$99.14M	$1.48B
Dividends Paid	-$787.00K	-$865.00K	-$215.00K	$0.00
Share Repurchases	—	$0.00	-$4.10M	$0.00
Net Change in Cash	-$11.43M	-$3.25M	$76.89M	$658.93M

QUBT Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$39.00K	$61.00K	$384.00K	$198.00K	$3.69M
Cost of Revenue	$26.00K	$35.00K	$258.00K	$296.00K	$4.41M
Gross Profit	$13.00K	$26.00K	$126.00K	-$98.00K	-$721.00K
Research & Development	$2.98M	$5.97M	$4.51M	$7.00M	$6.97M
Selling, General & Admin	$5.31M	$4.22M	$6.02M	$15.11M	$12.86M
Operating Expenses	$8.30M	$10.20M	$10.53M	$22.12M	$19.83M
Operating Income	-$8.29M	-$10.17M	-$10.40M	-$22.22M	-$20.55M
EBITDA	$18.12M	-$35.42M	$3.71M	-$79.00K	-$1.56M
Pretax Income	$16.98M	-$36.48M	$2.38M	-$1.56M	-$4.05M
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00
Net Income	$16.98M	-$36.48M	$2.38M	-$1.56M	-$4.05M
Diluted EPS	0.11	-0.26	0.01	-0.01	-0.02
Diluted Shares	153.01M	141.40M	166.83M	216.06M	223.99M

QUBT Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$166.43M	$348.76M	$352.44M	$737.88M	$257.71M
Receivables	$20.00K	$96.00K	$5.38M	$4.15M	$9.63M
Inventory	$131.00K	$366.00K	$956.00K	$352.00K	$4.11M
Current Assets	$167.24M	$350.23M	$562.79M	$1.13B	$1.01B
Total Assets	$242.53M	$426.08M	$898.17M	$1.62B	$1.62B
Current Liabilities	$3.74M	$3.97M	$3.63M	$11.07M	$15.07M
Total Debt	$1.06M	$1.54M	$1.94M	$1.81M	$3.68M
Total Liabilities	$21.71M	$30.10M	$20.32M	$20.66M	$23.35M
Retained Earnings	-$183.50M	-$219.98M	-$217.60M	-$219.16M	-$223.21M
Shareholders' Equity	$220.83M	$395.98M	$877.85M	$1.60B	$1.60B
Working Capital	$163.50M	$346.25M	$559.16M	$1.12B	$990.00M

QUBT Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$4.43M	-$6.10M	-$8.74M	-$11.02M	-$9.42M
Capital Expenditure	-$1.73M	-$1.02M	-$2.78M	-$1.16M	-$1.82M
Free Cash Flow	-$6.16M	-$7.13M	-$11.52M	-$12.17M	-$11.24M
Depreciation & Amortisation	$1.08M	$1.00M	$1.33M	$1.53M	$2.32M
Stock-Based Compensation	$1.41M	$1.78M	$3.07M	$2.42M	$1.25M
Investing Cash Flow	-$1.73M	-$1.02M	-$463.41M	-$322.16M	-$474.25M
Financing Cash Flow	$93.65M	$189.46M	$475.83M	$718.62M	$3.51M
Dividends Paid	$0.00	$0.00	$0.00	$0.00	—
Share Repurchases	$0.00	$0.00	$0.00	$0.00	—
Net Change in Cash	$87.48M	$182.33M	$3.68M	$385.44M	-$480.17M

Market Snapshot

About

Quantum Computing Inc. develops accessible quantum computing systems using photonic-based technology. The company offers quantum software and hardware solutions aimed at optimization, machine learning, and cybersecurity applications. QCI targets enterprise and government customers seeking to explore quantum advantage without requiring cryogenic systems or specialized infrastructure.