NASDAQ : QUBT
Quantum Computing Inc. — Financial statements
Technology · Computer Hardware · United States
Last price 6.82 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.54B
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Financial statements
Quantum Computing Inc. (QUBT) reported revenue of 9.82M 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 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.82M | 682.00K | 373.00K | 358.00K | 136.00K | |
| Cost of Revenue | 11.68M | 615.00K | 261.00K | 196.00K | 61.00K | |
| Gross Profit | -1.86M | 67.00K | 112.00K | 162.00K | 75.00K | |
| Selling, General & Admin | 40.01M | 30.67M | 14.73M | 17.51M | 23.50M | 7.76M |
| Research & Development | 26.91M | 20.47M | 11.32M | 8.89M | 5.22M | 9.37M |
| Operating Expenses | 66.92M | 51.14M | 26.05M | 26.41M | 28.72M | 17.13M |
| Operating Income | -68.78M | -51.08M | -25.94M | -26.24M | -28.64M | -17.13M |
| Interest Expense | -132.00K | -65.00K | -2.50M | -1.60M | -772.00K | -10.99M |
| Interest & Investment Income | 43.63M | 20.72M | 423.00K | 295.00K | 47.00K | 7.38K |
| Other Non Operating Income (Expenses) | 17.71M | 11.75M | -40.53M | 528.00K | 3.39M | |
| EBT Excluding Unusual Items | -7.58M | -18.67M | -68.54M | -27.02M | -25.98M | -28.12M |
| Legal Settlements | -100.00K | |||||
| Other Unusual Items | 218.37K | |||||
| Pretax Income | -14.98M | -18.67M | -68.54M | -27.02M | -25.98M | -27.90M |
| Net Income | -14.98M | -18.67M | -68.54M | -27.02M | -25.98M | -27.90M |
| Preferred Dividends & Other Adjustments | 861.00K | 889.00K | ||||
| Net Income to Common | -14.98M | -18.67M | -68.54M | -27.88M | -26.87M | -27.90M |
| Shares Outstanding (Basic) | 207.51M | 164.49M | 93.88M | 66.61M | 36.68M | 29.16M |
| Shares Outstanding (Diluted) | 207.51M | 164.49M | 93.88M | 66.61M | 36.68M | 29.16M |
| EPS (Basic) | -0.07 | -0.11 | -0.73 | -0.42 | -0.73 | -0.96 |
| EPS (Diluted) | -0.07 | -0.11 | -0.73 | -0.42 | -0.73 | -0.96 |
| Free Cash Flow | -51.48M | -36.98M | -22.25M | -20.43M | -16.25M | -6.84M |
| Free Cash Flow Per Share | -0.25 | -0.23 | -0.24 | -0.31 | -0.44 | -0.23 |
| Gross Margin | -18.92% | 9.82% | 30.03% | 45.25% | 55.15% | |
| Operating Margin | -700.15% | -7,489.30% | -6,953.62% | -7,330.45% | -21,062.50% | |
| Profit Margin | -152.45% | -2,738.12% | -18,375.87% | -7,788.55% | -19,755.15% | |
| Free Cash Flow Margin | -524.00% | -5,422.87% | -5,964.88% | -5,705.87% | -11,947.06% | |
| EBITDA | -61.12M | -46.67M | -22.14M | -22.94M | -26.78M | -17.12M |
| D&A For EBITDA | 7.67M | 4.40M | 3.80M | 3.31M | 1.86M | 9.00K |
| EBIT | -68.78M | -51.08M | -25.94M | -26.24M | -28.64M | -17.13M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 189.15M | 737.88M | 78.94M | 2.06M | 5.31M | 16.74M |
| Short-Term Investments | 765.02M | 379.42M | ||||
| Cash & Short-Term Investments | 954.17M | 1.12B | 78.94M | 2.06M | 5.31M | 16.74M |
| Accounts Receivable | 6.86M | 519.00K | 27.00K | 65.00K | 13.00K | |
| Other Receivables | 7.54M | 3.63M | ||||
| Receivables | 14.40M | 4.15M | 27.00K | 344.00K | 13.00K | |
| Inventory | 12.84M | 352.00K | 18.00K | 73.00K | ||
| Prepaid Expenses | 6.91M | 11.91M | 161.00K | 180.00K | 129.00K | 483.00K |
| Total Current Assets | 988.31M | 1.13B | 79.15M | 2.66M | 5.45M | 17.22M |
| Property, Plant & Equipment | 66.04M | 15.32M | 9.73M | 3.92M | 2.25M | 59.43K |
| Long-Term Investments | 369.28M | 403.12M | ||||
| Goodwill | 181.46M | 55.57M | 55.57M | 55.57M | 55.57M | |
| Other Intangible Assets | 29.11M | 6.50M | 8.97M | 12.08M | 15.18M | |
| Other Long-Term Assets | 5.00M | 4.68M | 129.00K | 129.00K | 60.00K | 3.11K |
| Total Assets | 1.64B | 1.62B | 153.56M | 74.36M | 78.51M | 17.28M |
| Accounts Payable | 4.08M | 778.00K | 1.37M | 1.46M | 872.00K | 464.87K |
| Accrued Expenses | 6.95M | 8.37M | 2.13M | 653.00K | 3.18M | 478.50K |
| Current Portion of Leases | 2.29M | 769.00K | 18.08K | |||
| Current Unearned Revenue | 3.77M | 395.00K | 79.00K | |||
| Other Current Liabilities | 1.51M | 766.00K | 974.00K | 2.70M | 537.00K | 120.84K |
| Total Current Liabilities | 18.60M | 11.07M | 4.56M | 4.81M | 4.59M | 1.08M |
| Long-Term Leases | 21.10M | 1.81M | 1.18M | 840.00K | 1.08M | |
| Other Long-Term Liabilities | 7.46M | 7.77M | 40.53M | 7.72M | ||
| Total Liabilities | 47.16M | 20.66M | 46.27M | 5.65M | 13.39M | 1.08M |
| Common Stock | 23.00K | 22.00K | 13.00K | 8.00K | 6.00K | 2.92K |
| Additional Paid-In Capital | 1.83B | 1.82B | 307.76M | 200.63M | 169.18M | 67.40M |
| Retained Earnings | -234.96M | -219.16M | -200.48M | -131.94M | -104.06M | -81.39M |
| Comprehensive Income & Other | -3.86M | 905.00K | 30.20M | |||
| Total Common Equity | 1.59B | 1.60B | 107.29M | 68.70M | 65.12M | 16.20M |
| Shareholders' Equity | 1.59B | 1.60B | 107.29M | 68.70M | 65.12M | 16.20M |
| Total Liabilities & Equity | 1.64B | 1.62B | 153.56M | 74.36M | 78.51M | 17.28M |
| Total Debt | 23.39M | 2.58M | 1.18M | 840.00K | 1.08M | 18.08K |
| Net Cash (Debt) | 930.78M | 1.11B | 77.76M | 1.22M | 4.23M | 16.72M |
| Net Cash Per Share | 4.49 | 6.78 | 0.83 | 0.02 | 0.12 | 0.57 |
| Filing Date Shares Outstanding | 226.35M | 224.54M | 137.24M | 94.21M | 60.50M | 29.16M |
| Total Common Shares Outstanding | 226.35M | 224.16M | 129.01M | 77.45M | 55.96M | 29.16M |
| Working Capital | 969.71M | 1.12B | 74.59M | -2.16M | 857.00K | 16.14M |
| Book Value Per Share | 7.03 | 7.13 | 0.83 | 0.89 | 1.16 | 0.56 |
| Tangible Book Value | 1.38B | 1.54B | 42.74M | 1.05M | -5.63M | 16.20M |
| Tangible Book Value Per Share | 6.10 | 6.85 | 0.33 | 0.01 | -0.10 | 0.56 |
| Machinery | 34.87M | 13.20M | 8.50M | 3.06M | 1.02M | 59.72K |
| Leasehold Improvements | 6.59M | 2.30M | 597.00K | 33.00K | 3.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -14.98M | -18.67M | -68.54M | -27.02M | -25.98M | -27.90M |
| Depreciation & Amortization | 8.79M | 4.94M | 4.09M | 3.53M | 1.86M | 9.00K |
| Other Amortization | 2.06M | 925.00K | 547.00K | |||
| Stock-Based Compensation | 8.50M | 8.68M | 5.80M | 4.55M | 11.67M | 10.20M |
| Provision & Write-off of Bad Debts | -63.00K | 279.00K | 279.00K | |||
| Other Operating Activities | -17.71M | -11.75M | 39.87M | -523.00K | -3.31M | 10.72M |
| Change in Accounts Receivable | -422.00K | -492.00K | 38.00K | -52.00K | -13.00K | |
| Change in Inventory | -1.68M | -334.00K | 55.00K | -70.00K | ||
| Change in Accounts Payable | 385.00K | -594.00K | -90.00K | 596.00K | 219.00K | 98.16K |
| Change in Unearned Revenue | 834.00K | 316.00K | 79.00K | |||
| Change in Other Net Operating Assets | -26.71M | -12.39M | 142.00K | -532.00K | -375.00K | 48.99K |
| Operating Cash Flow | -43.06M | -30.29M | -16.21M | -18.32M | -15.38M | -6.82M |
| Capital Expenditures | -8.42M | -6.69M | -6.04M | -2.11M | -870.00K | -19.39K |
| Cash Acquisitions | -168.72M | -1.36M | ||||
| Investment in Securities | -1.14B | -781.63M | ||||
| Other Investing Activities | -7.00K | -7.00K | -3.11K | |||
| Investing Cash Flow | -1.32B | -788.33M | -6.04M | -2.61M | -2.23M | -22.50K |
| Long-Term Debt Issued | 7.00M | 6.96M | ||||
| Total Debt Issued | 7.00M | 6.96M | ||||
| Short-Term Debt Repaid | -218.37K | |||||
| Long-Term Debt Repaid | -10.31M | -6.19M | ||||
| Total Debt Repaid | -10.31M | -6.19M | -218.37K | |||
| Net Debt Issued (Repaid) | -3.32M | -6.19M | 6.96M | -218.37K | ||
| Issuance of Common Stock | 1.20B | 1.48B | 106.77M | 24.73M | 8.61M | |
| Preferred Dividends Paid | -215.00K | -865.00K | -787.00K | |||
| Dividends Paid | -215.00K | -865.00K | -787.00K | |||
| Financing Cash Flow | 1.20B | 1.48B | 99.14M | 17.68M | 6.17M | 8.39M |
| Net Cash Flow | -159.61M | 658.93M | 76.89M | -3.25M | -11.43M | 1.54M |
| Free Cash Flow | -51.48M | -36.98M | -22.25M | -20.43M | -16.25M | -6.84M |
| Free Cash Flow Margin | -524.00% | -5,422.87% | -5,964.88% | -5,705.87% | -11,947.06% | |
| Free Cash Flow Per Share | -0.25 | -0.23 | -0.24 | -0.31 | -0.44 | -0.23 |
| Levered Free Cash Flow | -53.91M | -35.50M | -11.71M | -10.74M | -1.30M | -7.24M |
| Unlevered Free Cash Flow | -53.82M | -35.46M | -12.21M | -10.67M | -1.37M | -365.69K |
| Cash Interest Paid | 268.00K | 813.00K | ||||
| Change in Working Capital | -27.59M | -13.49M | 224.00K | -58.00K | -169.00K | 147.15K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.49B | 2.30B | 2.13B | 68.57M | 80.49M | 99.42M |
| Enterprise Value | 563.11M | 1.75B | 2.14B | 66.86M | 79.45M | 89.01M |
| Last Close Price | 6.60 | 10.26 | 16.55 | 0.91 | 1.51 | 3.41 |
| PS Ratio | 152.07 | 3,371.71 | 5,721.26 | 191.54 | 591.81 | |
| PB Ratio | 0.94 | 1.44 | 19.89 | 1.00 | 1.24 | 6.14 |
| P/TBV Ratio | 1.08 | 1.50 | 49.93 | 65.06 | 6.14 | |
| EV/Sales Ratio | 57.32 | 2,560.88 | 5,735.02 | 186.76 | 584.21 | |
| Debt / Equity Ratio | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 | 0.00 |
| Net Debt / Equity Ratio | -0.58 | -0.70 | -0.72 | -0.02 | -0.07 | -1.03 |
| Net Debt / EBITDA Ratio | 15.23 | 23.88 | 3.51 | 0.05 | 0.16 | 0.98 |
| Net Debt / FCF Ratio | 18.08 | 30.14 | 3.50 | 0.06 | 0.26 | 2.44 |
| Asset Turnover | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | |
| Inventory Turnover | 1.77 | 3.32 | 5.74 | |||
| Quick Ratio | 52.07 | 101.27 | 17.32 | 0.44 | 1.16 | 15.47 |
| Current Ratio | 53.13 | 102.38 | 17.36 | 0.55 | 1.19 | 15.91 |
| Return on Equity (ROE) | -1.51% | -2.19% | -77.89% | -40.38% | -63.89% | -181.30% |
| Return on Assets (ROA) | -4.16% | -3.60% | -14.22% | -21.46% | -37.38% | -65.78% |
| Return on Capital Employed (ROCE) | -4.20% | -3.20% | -17.40% | -37.70% | -38.80% | -105.70% |
| Earnings Yield | -1.10% | -0.81% | -3.21% | -39.41% | -32.28% | -28.06% |
| FCF Yield | -3.45% | -1.61% | -1.04% | -29.79% | -20.19% | -6.88% |
| Buyback Yield / Dilution | -73.72% | -75.21% | -40.94% | -81.60% | -25.80% | -4.26% |