NASDAQ : QNT
Quantinuum Inc. — Financial statements
Technology · Software - Application · United States
Last price 37.495 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.87B
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Financial statements
Quantinuum Inc. (QNT) reported revenue of 22.97M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | 22.97M | 30.93M | 22.98M |
| Cost of Revenue | 13.48M | 4.73M | 10.81M |
| Gross Profit | 9.49M | 26.20M | 12.17M |
| Selling, General & Admin | 234.01M | 48.72M | 31.33M |
| Research & Development | 511.93M | 165.42M | 122.24M |
| Amortization of Goodwill & Intangibles | 14.05M | 11.36M | 11.36M |
| Operating Expenses | 760.00M | 225.50M | 164.93M |
| Operating Income | -750.51M | -199.29M | -152.75M |
| Interest & Investment Income | 19.82M | 12.68M | 10.03M |
| Other Non Operating Income (Expenses) | -105.17M | -3.97M | -1.11M |
| EBT Excluding Unusual Items | -835.86M | -190.59M | -143.84M |
| Legal Settlements | -1.90M | -1.90M | |
| Pretax Income | -837.76M | -192.49M | -143.84M |
| Income Tax Expense | 509.00K | 75.00K | 233.00K |
| Net Income | -838.27M | -192.56M | -144.07M |
| Net Income to Common | -170.57M | -192.56M | -144.07M |
| Shares Outstanding (Basic) | 36.13M | 300.00M | 300.00M |
| Shares Outstanding (Diluted) | 36.13M | 300.00M | 300.00M |
| EPS (Basic) | -4.72 | -0.64 | -0.48 |
| EPS (Diluted) | -4.72 | -0.64 | -0.48 |
| Free Cash Flow | -290.11M | -225.35M | -134.89M |
| Free Cash Flow Per Share | -8.03 | -0.75 | -0.45 |
| Gross Margin | 41.30% | 84.71% | 52.97% |
| Operating Margin | -3,266.90% | -644.32% | -664.75% |
| Profit Margin | -742.49% | -622.55% | -626.97% |
| Free Cash Flow Margin | -1,262.84% | -728.56% | -587.02% |
| EBITDA | -717.42M | -169.82M | -121.33M |
| D&A For EBITDA | 33.08M | 29.48M | 31.43M |
| EBIT | -750.51M | -199.29M | -152.75M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Cash & Equivalents | 2.11B | 762.64M | 172.34M |
| Cash & Short-Term Investments | 2.11B | 762.64M | 172.34M |
| Accounts Receivable | 9.12M | 11.45M | 5.21M |
| Other Receivables | 7.36M | 7.64M | 7.83M |
| Receivables | 16.48M | 19.08M | 13.04M |
| Other Current Assets | 25.52M | 20.12M | 13.55M |
| Total Current Assets | 2.15B | 801.84M | 198.94M |
| Property, Plant & Equipment | 181.52M | 130.97M | 79.96M |
| Goodwill | 769.63M | 784.82M | 730.08M |
| Other Intangible Assets | 105.11M | 115.54M | 52.76M |
| Long-Term Accounts Receivable | 7.22M | 10.10M | |
| Other Long-Term Assets | 17.80M | 2.35M | 8.62M |
| Total Assets | 3.23B | 1.85B | 1.07B |
| Accounts Payable | 29.39M | 11.89M | 8.91M |
| Accrued Expenses | 28.67M | 22.28M | 12.98M |
| Current Portion of Leases | 2.79M | 3.31M | 2.56M |
| Current Income Taxes Payable | 568.00K | 1.94M | 2.27M |
| Current Unearned Revenue | 5.32M | 6.09M | 1.40M |
| Other Current Liabilities | 71.98M | 10.73M | 2.74M |
| Total Current Liabilities | 138.73M | 56.25M | 30.85M |
| Long-Term Leases | 29.86M | 7.14M | 5.08M |
| Long-Term Unearned Revenue | 257.00K | 514.00K | |
| Other Long-Term Liabilities | 55.77M | 94.12M | 35.80M |
| Total Liabilities | 224.62M | 158.03M | 71.72M |
| Common Stock | 26.00K | 30.00K | 30.00K |
| Additional Paid-In Capital | 480.11M | 914.84M | 917.90M |
| Retained Earnings | -65.42M | -744.76M | -552.20M |
| Comprehensive Income & Other | -1.63M | 3.54M | -56.20M |
| Total Common Equity | 413.08M | 173.65M | 309.53M |
| Shareholders' Equity | 3.01B | 1.69B | 998.63M |
| Total Liabilities & Equity | 3.23B | 1.85B | 1.07B |
| Total Debt | 32.65M | 10.46M | 7.63M |
| Net Cash (Debt) | 2.07B | 752.19M | 164.71M |
| Net Cash Per Share | 57.40 | 2.51 | 0.55 |
| Filing Date Shares Outstanding | 36.89M | 300.00M | 300.00M |
| Total Common Shares Outstanding | 36.13M | 300.00M | 300.00M |
| Working Capital | 2.01B | 745.59M | 168.09M |
| Book Value Per Share | 11.43 | 0.58 | 1.03 |
| Tangible Book Value | -461.65M | -726.71M | -473.32M |
| Tangible Book Value Per Share | -12.78 | -2.42 | -1.58 |
| Buildings | 97.44M | 23.68M | 15.85M |
| Machinery | 119.32M | 109.53M | 109.91M |
| Construction In Progress | 27.60M | 72.28M | 24.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Net Income | -838.27M | -192.56M | -144.07M |
| Depreciation & Amortization | 33.08M | 29.48M | 31.43M |
| Other Amortization | 300.00K | 300.00K | 800.00K |
| Loss (Gain) From Sale of Assets | 387.00K | 1.30M | 693.00K |
| Stock-Based Compensation | 447.45M | 363.00K | |
| Other Operating Activities | 116.78M | 12.19M | 8.42M |
| Change in Accounts Receivable | -411.00K | -258.00K | -3.77M |
| Change in Accounts Payable | 5.64M | -5.43M | -5.14M |
| Change in Unearned Revenue | -86.00K | ||
| Change in Other Net Operating Assets | 11.46M | 11.24M | -9.54M |
| Operating Cash Flow | -223.58M | -160.27M | -120.91M |
| Capital Expenditures | -66.53M | -65.08M | -13.98M |
| Sale (Purchase) of Intangibles | -10.00M | -10.00M | |
| Investing Cash Flow | -76.53M | -75.08M | -13.98M |
| Other Financing Activities | -115.52M | -12.00K | |
| Financing Cash Flow | 2.34B | 824.83M | 140.55M |
| Foreign Exchange Rate Adjustments | -158.00K | 815.00K | -580.00K |
| Net Cash Flow | 2.04B | 590.30M | 5.07M |
| Free Cash Flow | -290.11M | -225.35M | -134.89M |
| Free Cash Flow Margin | -1,262.84% | -728.56% | -587.02% |
| Free Cash Flow Per Share | -8.03 | -0.75 | -0.45 |
| Levered Free Cash Flow | -157.82M | ||
| Unlevered Free Cash Flow | -157.82M | ||
| Cash Interest Paid | 7.00K | 7.00K | 7.00K |
| Cash Income Tax Paid | 439.00K | 439.00K | 613.00K |
| Change in Working Capital | 16.69M | 5.55M | -18.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Market Capitalization | 8.35B | ||
| Enterprise Value | 6.28B | ||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 |
| Net Debt / Equity Ratio | -0.69 | -0.45 | -0.17 |
| Net Debt / EBITDA Ratio | 2.89 | 4.43 | 1.36 |
| Net Debt / FCF Ratio | 7.15 | 3.34 | 1.22 |
| Asset Turnover | 0.02 | ||
| Quick Ratio | 15.30 | 13.90 | 6.01 |
| Current Ratio | 15.49 | 14.26 | 6.45 |
| Return on Equity (ROE) | -14.34% | ||
| Return on Assets (ROA) | -8.54% | ||
| Return on Capital Employed (ROCE) | -24.30% | -11.10% | -14.70% |