Quantum Computing Inc. QUBT
computational performance in information processing. The recent emergence of artificial intelligence ("AI"), large language
models ("LLMs"), and machine learning ("ML") algorithms has added to the need for efficient processing of vast
volumes of data. Classical computers, or the computers that are currently used in home and office settings, that use silicon microprocessors
are understood to have performance limitations in solving certain classes of computational problems, in particular, large-scale optimization
Last close
6.56
2026-10-23
Market cap
$1.48B
2026-06-30 share count
52-week range
6.08 - 16.79
Valuation FY2025 figures against the last close
P/S2,177.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.11
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $682.0K | $373.0K | $358.0K | $136.0K | — | — | — | — | — |
| Cost of revenue | $615.0K | $261.0K | $196.0K | $61.0K | — | — | — | — | — |
| Gross profit | $67.0K | $112.0K | $162.0K | $75.0K | — | — | — | — | — |
| R&D | $20.5M | $11.3M | $8.9M | $5.2M | $2.6M | $1.5M | $891.1K | $250.6K | — |
| SG&A | $27.2M | $12.9M | $15.7M | $21.4M | $1.6M | $2.2M | — | — | — |
| Total operating expenses | $51.1M | $26.0M | $26.4M | $28.7M | $17.1M | $17.3M | $2.5M | $5.8M | $175.0K |
| Operating income | -$51.1M | -$25.9M | -$26.2M | -$28.6M | -$17.1M | -$17.3M | -$2.5M | -$5.8M | -$175.0K |
| Interest expense | $65.0K | $2.5M | $1.6M | $772.0K | — | — | — | — | — |
| Pre-tax income | -$18.7M | -$68.5M | -$27.0M | -$26.0M | — | — | — | — | — |
| Net income | -$18.7M | -$68.5M | -$27.9M | -$38.6M | -$27.9M | -$24.7M | -$8.4M | -$10.5M | -$175.0K |
| EPS, basic | -0.11 | -0.73 | -0.42 | -0.73 | -0.96 | — | — | — | — |
| EPS, diluted | -0.11 | -0.73 | -0.42 | -0.73 | -0.96 | -0.88 | -1.14 | -2.22 | -0.19 |
| Shares, diluted (wtd. avg.) | 164,492 | 93,881 | 66,611 | 36.7M | 29.2M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $737.9M | $78.9M | $2.1M | $5.3M | $16.7M | $15.2M | $101.1K | $1.8M | — |
| Short-term investments | $379.4M | — | — | — | — | — | — | — | — |
| Receivables | $519.0K | $27.0K | $65.0K | $13.0K | — | — | — | — | — |
| Inventory | $352.0K | $18.0K | $73.0K | — | — | — | — | — | — |
| Total current assets | $1.13B | $79.2M | $2.7M | $5.5M | $17.2M | — | — | — | — |
| Property, plant and equipment | $13.0M | $8.2M | $2.9M | $975.0K | $41.3K | $31.0K | $25.6K | $6.9K | — |
| Goodwill | $55.6M | $55.6M | $55.6M | $55.6M | — | — | — | — | — |
| Other intangibles | $6.5M | $9.0M | $12.1M | $15.2M | — | — | — | — | — |
| Total assets | $1.62B | $153.6M | $74.4M | $78.5M | $17.3M | $15.3M | $148.2K | $1.8M | — |
| Accounts payable | $778.0K | $1.4M | $1.5M | $872.0K | $464.9K | $366.7K | $218.3K | $54.0K | $1.5K |
| Short-term debt | — | — | $1.9M | $535.7K | — | — | — | — | — |
| Total current liabilities | $11.1M | $4.6M | $4.8M | $4.6M | $1.1M | — | — | — | — |
| Long-term debt | — | — | — | $7.9M | — | — | — | — | — |
| Total liabilities | $20.7M | $46.3M | $5.7M | $13.4M | $1.1M | $693.2K | $3.0M | $3.3M | $1.5K |
| Retained earnings | -$219.2M | -$200.5M | -$131.9M | -$104.1M | -$81.4M | -$53.5M | -$28.8M | -$20.4M | -$9.9M |
| Total equity | $1.60B | $107.3M | $68.7M | $65.1M | $15.0M | $14.6M | -$2.8M | -$1.5M | -$1.5K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$30.3M | -$16.2M | -$18.3M | -$15.4M | -$6.8M | -$11.5M | -$2.2M | -$2.4M | — |
| Depreciation and amortisation | $1.9M | $694.0K | $203.0K | $52.0K | — | — | — | $44.7K | — |
| Stock-based compensation | $8.7M | $5.8M | $4.3M | $9.3M | $10.2M | $11.2M | $214.9K | $4.0M | — |
| Capital expenditure | $6.7M | $6.0M | $2.1M | $870.0K | $19.4K | $12.0K | $21.3K | $7.0K | — |
| Investing cash flow | -$788.3M | -$6.0M | -$2.6M | -$2.2M | -$22.5K | -$12.0K | -$21.3K | -$7.0K | — |
| Financing cash flow | $1.48B | $99.1M | $17.7M | $6.2M | $8.4M | $26.6M | $599.0K | $4.1M | — |
| Dividends paid | — | $215.0K | $865.0K | $787.0K | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-050296.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $136.0K | $358.0K | $373.0K | $682.0K |
| Gross profit | — | — | — | — | — | $75.0K | $162.0K | $112.0K | $67.0K |
| Net income | -$175.0K | -$10.5M | -$8.4M | -$24.7M | -$27.9M | -$38.6M | -$27.9M | -$68.5M | -$18.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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