Quantum Computing Inc Financials
This page shows Quantum Computing Inc (QUBT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Quantum Computing Inc generated $373K in revenue in fiscal year 2024. This represents an increase of 174.3% from the prior year.
Quantum Computing Inc's EBITDA was -$22.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.3% from the prior year.
Quantum Computing Inc generated -$22.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 36.9% from the prior year.
Quantum Computing Inc reported -$68.5M in net income in fiscal year 2024. This represents a decrease of 163.8% from the prior year.
Quantum Computing Inc earned $-0.73 per diluted share (EPS) in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Quantum Computing Inc held $78.9M in cash against $0 in long-term debt as of fiscal year 2024.
Quantum Computing Inc paid $7.00 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Quantum Computing Inc had 129M shares outstanding in fiscal year 2024. This represents an increase of 130.5% from the prior year.
Quantum Computing Inc's gross margin was 30.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 25.1 percentage points from the prior year.
Quantum Computing Inc's operating margin was -6953.6% in fiscal year 2024, reflecting core business profitability. This is up 14108.9 percentage points from the prior year.
Quantum Computing Inc's net profit margin was -18375.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 725.6 percentage points from the prior year.
Quantum Computing Inc invested $11.3M in research and development in fiscal year 2024. This represents an increase of 117.0% from the prior year.
Quantum Computing Inc invested $6.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 593.8% from the prior year.
QUBT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $384K+529.5% | $61K+56.4% | $39K-48.0% | $75K+50.0% | $50K-55.4% | $112K-7.4% | $121K+7323.3% | $2K |
| Cost of Revenue | $258K+637.1% | $35K+34.6% | $26K-60.0% | $65K+170.8% | $24K-52.9% | $51K-8.9% | $56K+190.0% | $19K |
| Gross Profit | $126K+384.6% | $26K+100.0% | $13K+30.0% | $10K-61.5% | $26K-57.4% | $61K-6.2% | $65K+467.7% | -$18K |
| R&D Expenses | $4.5M-24.5% | $6.0M+100.2% | $3.0M+56.0% | $1.9M-17.8% | $2.3M-5.6% | $2.5M+12.9% | $2.2M+5.3% | $2.1M |
| SG&A Expenses | $5.2M+47.8% | $3.5M-23.7% | $4.6M+8.8% | $4.3M+14.6% | $3.7M-10.6% | $4.2M+17.5% | $3.5M-77.1% | $15.5M |
| Operating Income | -$10.4M-2.3% | -$10.2M-22.7% | -$8.3M-25.9% | -$6.6M+0.5% | -$6.6M+5.0% | -$7.0M-14.2% | -$6.1M+40.8% | -$10.3M |
| Interest Expense | $4K-93.1% | $58K0.0% | $58K-94.6% | $1.1M+735.9% | $128K-30.8% | $186K-13.5% | $215K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $2.4M+106.5% | -$36.5M-314.8% | $17.0M+356.3% | -$6.6M+3.1% | -$6.8M+7.8% | -$7.4M-20.9% | -$6.1M+0.5% | -$6.2M |
| EPS (Diluted) | $0.01+103.8% | $-0.26-336.4% | $0.11+222.2% | $-0.09+10.0% | $-0.10+16.7% | $-0.12-9.1% | $-0.11+65.6% | $-0.32 |
QUBT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $898.2M+110.8% | $426.1M+75.7% | $242.5M+226.2% | $74.4M-16.8% | $89.3M+0.8% | $88.6M-1.0% | $89.5M+14.0% | $78.5M |
| Current Assets | $562.8M+60.7% | $350.2M+109.4% | $167.2M+6196.7% | $2.7M-67.2% | $8.1M+0.9% | $8.0M+13.3% | $7.1M+30.2% | $5.5M |
| Cash & Equivalents | $352.4M+1.1% | $348.8M+109.6% | $166.4M+7983.0% | $2.1M-72.1% | $7.4M+2.5% | $7.2M+6.4% | $6.8M+27.4% | $5.3M |
| Inventory | $956K+161.2% | $366K+179.4% | $131K+79.5% | $73K | N/A | N/A | N/A | N/A |
| Accounts Receivable | $491K+411.5% | $96K+380.0% | $20K-69.2% | $65K+2569.4% | $2K-98.0% | $121K+92.7% | $63K+384.7% | $13K |
| Goodwill | $55.6M0.0% | $55.6M0.0% | $55.6M0.0% | $55.6M-14.4% | $64.9M-0.3% | $65.1M+10.1% | $59.1M+6.4% | $55.6M |
| Total Liabilities | $20.3M-32.5% | $30.1M+38.7% | $21.7M+284.0% | $5.7M-30.1% | $8.1M-31.1% | $11.7M-6.7% | $12.6M-6.0% | $13.4M |
| Current Liabilities | $3.6M-8.5% | $4.0M+6.1% | $3.7M-22.2% | $4.8M-40.5% | $8.1M-31.1% | $11.7M-6.7% | $12.6M+173.7% | $4.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $7.9M |
| Total Equity | $877.9M+121.7% | $396.0M+79.3% | $220.8M+221.4% | $68.7M-4.8% | $72.2M+3.5% | $69.7M+2.4% | $68.1M+4.6% | $65.1M |
| Retained Earnings | -$217.6M+1.1% | -$220.0M-19.9% | -$183.5M-39.1% | -$131.9M+6.7% | -$141.4M-6.2% | -$133.1M-3.6% | -$128.5M-23.5% | -$104.1M |
QUBT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | -$4.4M | N/A | N/A | N/A | -$4.3M | N/A |
| Capital Expenditures | N/A | N/A | $1.7M | N/A | N/A | N/A | $379K | N/A |
| Free Cash Flow | N/A | N/A | -$6.2M | N/A | N/A | N/A | -$4.7M | N/A |
| Investing Cash Flow | N/A | N/A | -$1.7M | N/A | N/A | N/A | -$379K | N/A |
| Financing Cash Flow | N/A | N/A | $93.6M | N/A | N/A | N/A | $6.1M | N/A |
| Dividends Paid | N/A | N/A | $215K | N/A | N/A | N/A | $220K | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
QUBT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.8%-9.8pp | 42.6%+9.3pp | 33.3%+20.0pp | 13.3%-38.7pp | 52.0%-2.5pp | 54.5%+0.7pp | 53.7%+1138.3pp | -1084.5% |
| Operating Margin | -2709.4%+13964.4pp | -16673.8%+4572.4pp | -21246.2%-12474.1pp | -8772.0%+4450.0pp | -13222.0%-7009.5pp | -6212.5%-1175.3pp | -5037.2%+626478.9pp | -631516.1% |
| Net Margin | 620.3%+60426.9pp | -59806.6%-103350.2pp | 43543.6%+52379.6pp | -8836.0%+4846.0pp | -13682.0%-7059.7pp | -6622.3%-1550.4pp | -5071.9%+373483.6pp | -378555.5% |
| Return on Equity | 0.3% | N/A | 7.7% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.3%+8.8pp | -8.6%-15.6pp | 7.0%+15.9pp | -8.9%-1.2pp | -7.7%+0.7pp | -8.4%-1.5pp | -6.9%+1.0pp | -7.9% |
| Current Ratio | 154.87+66.7 | 88.17+43.5 | 44.69+44.1 | 0.55-0.5 | 1.00+0.3 | 0.68+0.1 | 0.56-0.6 | 1.19 |
| Debt-to-Equity | 0.02-0.1 | 0.08-0.0 | 0.10+0.0 | 0.08-0.0 | 0.11-0.1 | 0.17-0.0 | 0.18+0.1 | 0.12 |
| FCF Margin | N/A | N/A | -15805.1% | N/A | N/A | N/A | -3865.3% | N/A |
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks.
Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.
Operating cash flow vs net income. Above 1.0x = cash-backed earnings.
Operating income vs interest expense. Above 5x = safe, below 2x = risky.
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Frequently Asked Questions
What is Quantum Computing Inc's annual revenue?
Quantum Computing Inc (QUBT) reported $373K in total revenue for fiscal year 2024. This represents a 174.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Quantum Computing Inc's revenue growing?
Quantum Computing Inc (QUBT) revenue grew by 174.3% year-over-year, from $136K to $373K in fiscal year 2024.
Is Quantum Computing Inc profitable?
No, Quantum Computing Inc (QUBT) reported a net income of -$68.5M in fiscal year 2024, with a net profit margin of -18375.9%.
What is Quantum Computing Inc's earnings per share (EPS)?
Quantum Computing Inc (QUBT) reported diluted earnings per share of $-0.73 for fiscal year 2024. This represents a 0.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Quantum Computing Inc's EBITDA?
Quantum Computing Inc (QUBT) had EBITDA of -$22.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Quantum Computing Inc's gross margin?
Quantum Computing Inc (QUBT) had a gross margin of 30.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Quantum Computing Inc's operating margin?
Quantum Computing Inc (QUBT) had an operating margin of -6953.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Quantum Computing Inc's net profit margin?
Quantum Computing Inc (QUBT) had a net profit margin of -18375.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Quantum Computing Inc pay dividends?
Yes, Quantum Computing Inc (QUBT) paid $7.00 per share in dividends during fiscal year 2024.
What is Quantum Computing Inc's free cash flow?
Quantum Computing Inc (QUBT) generated -$22.2M in free cash flow during fiscal year 2024. This represents a -36.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Quantum Computing Inc's operating cash flow?
Quantum Computing Inc (QUBT) generated -$16.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Quantum Computing Inc's total assets?
Quantum Computing Inc (QUBT) had $153.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Quantum Computing Inc's capital expenditures?
Quantum Computing Inc (QUBT) invested $6.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Quantum Computing Inc spend on research and development?
Quantum Computing Inc (QUBT) invested $11.3M in research and development during fiscal year 2024.
How many shares does Quantum Computing Inc have outstanding?
Quantum Computing Inc (QUBT) had 129M shares outstanding as of fiscal year 2024.
What is Quantum Computing Inc's current ratio?
Quantum Computing Inc (QUBT) had a current ratio of 17.36 as of fiscal year 2024, which is generally considered healthy.
What is Quantum Computing Inc's debt-to-equity ratio?
Quantum Computing Inc (QUBT) had a debt-to-equity ratio of 0.43 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Quantum Computing Inc's return on assets (ROA)?
Quantum Computing Inc (QUBT) had a return on assets of -44.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Quantum Computing Inc's cash runway?
Based on fiscal year 2024 data, Quantum Computing Inc (QUBT) had $78.9M in cash against an annual operating cash burn of $16.2M. This gives an estimated cash runway of approximately 58 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Quantum Computing Inc's Piotroski F-Score?
Quantum Computing Inc (QUBT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.
Are Quantum Computing Inc's earnings high quality?
Quantum Computing Inc (QUBT) has an earnings quality ratio of 0.24x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.
Can Quantum Computing Inc cover its interest payments?
Quantum Computing Inc (QUBT) has an interest coverage ratio of -10.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.
How financially healthy is Quantum Computing Inc?
Quantum Computing Inc (QUBT) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.