Quantum Computing Inc. (QUBT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QUBT SEC filings page.
Quantum Computing Inc. (QUBT) reported $9.8M in revenue over the twelve months to Jun 30, 2026, up 3635.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
The business remains development-stage: heavy R&D and operating losses are funded mainly through new capital, not commercial revenue.
Revenue growth accelerated from FY2024 to FY2025, but gross margin fell from30.0% to9.8% , so greater sales volume has not yet improved the underlying economics. R&D reached$20.5M while operating cash flow was-$30.3M in FY2025, showing that development spending sits within a much larger cash-consuming cost structure.
FY2025 revenue of
Total assets reached
Financial Health Signals
Quantum Computing Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Quantum Computing Inc. scores 52.75, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.8B) relative to total liabilities ($20.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Quantum Computing Inc. passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Quantum Computing Inc. reported a net loss of $18.7M while operations used $30.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Quantum Computing Inc. reported an operating loss of $51.1M against $65K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Quantum Computing Inc. generated $5.6M in revenue in Q2 2026. This represents an increase of 9000.0% from the same quarter a year earlier. Against the prior quarter it is up 50.4%.
Quantum Computing Inc.'s EBITDA was -$20.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 116.9% from the same quarter a year earlier. Against the prior quarter it is down 8.3%.
Quantum Computing Inc. reported -$11.8M in net income in Q2 2026. This represents an increase of 67.8% from the same quarter a year earlier. Against the prior quarter it is down 190.2%.
Quantum Computing Inc. earned -$0.05 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 150.0%.
Cash & Balance Sheet
Quantum Computing Inc. recorded an outflow of $16.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 132.1% from the same quarter a year earlier. Against the prior quarter it is down 47.1%.
Quantum Computing Inc. held $189.2M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Quantum Computing Inc.'s gross margin was -21.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 63.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.5 percentage points.
Quantum Computing Inc.'s ROE was -0.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 8.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Quantum Computing Inc. invested $8.4M in research and development in Q2 2026. This represents an increase of 41.1% from the same quarter a year earlier. Against the prior quarter it is up 20.9%.
Quantum Computing Inc. invested $2.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 160.4% from the same quarter a year earlier. Against the prior quarter it is up 46.3%.
Not reported for Q2 2026.
QUBT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6M+9000.0% | $3.7M+9364.1% | $198K+219.4% | $384K+280.2% | $61K-66.7% | $39K+44.4% | $62K-17.3% | $101K+102.0% |
| Cost of Revenue | $6.7M+19091.4% | $4.4M+16869.2% | $296K+957.1% | $258K+180.4% | $35K-72.0% | $26K+62.5% | $28K-56.9% | $92K+283.3% |
| Gross Profit | -$1.2M-4584.6% | -$721K-5646.2% | -$98K-388.2% | $126K+1300.0% | $26K-55.2% | $13K+18.2% | $34K+240.0% | $9K-65.4% |
| R&D Expenses | $8.4M+41.1% | $7.0M+133.5% | $7.0M+47.1% | $4.5M+100.9% | $6.0M+185.3% | $3.0M+34.5% | $4.8M+148.8% | $2.2M-3.6% |
| SG&A Expenses | $11.5M+224.3% | $11.3M+142.6% | $13.8M+282.7% | $5.2M+84.3% | $3.5M+26.4% | $4.6M+26.9% | $3.6M-15.4% | $2.8M-23.8% |
| Operating Income | -$23.0M-126.3% | -$20.6M-148.0% | -$22.2M-149.3% | -$10.4M-91.3% | -$10.2M-93.1% | -$8.3M-31.1% | -$8.9M-35.5% | -$5.4M+17.7% |
| EBITDA | -$20.1M-116.9% | -$18.6M-154.1% | -$20.9M-172.5% | -$9.2M-101.2% | -$9.3M-109.8% | -$7.3M-33.5% | -$7.7M | -$4.6M |
| Interest Expense | $12K-79.3% | $171K+194.8% | -$55K | $4K-98.7% | $58K | $58K-62.6% | N/A | $307K+139.1% |
| Income Tax | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Net Income | -$11.8M+67.8% | -$4.0M-123.8% | -$1.6M+97.0% | $2.4M+142.0% | -$36.5M-602.4% | $17.0M+363.9% | -$51.2M-584.3% | -$5.7M+17.0% |
| EPS (Basic) | -$0.05+80.8% | -$0.02-115.4% | $0.01+101.9% | $0.01+116.7% | -$0.26-333.3% | $0.13+262.5% | -$0.54-500.0% | -$0.06+40.0% |
| EPS (Diluted) | -$0.05 | -$0.02-118.2% | $0.01+101.9% | $0.01 | -$0.26 | $0.11 | -$0.54-500.0% | -$0.06+40.0% |
| Diluted Shares (Avg) | 225M | 224M+46.4% | N/A | 167M | 141M | 153M | N/A | 93M+30.0% |
QUBT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B+284.7% | $1.6B+568.2% | $1.6B+954.3% | $898.2M+1069.3% | $426.1M+461.0% | $242.5M+206.2% | $153.6M+106.5% | $76.8M-14.0% |
| Current Assets | $988.3M+182.2% | $1.0B+501.0% | $1.1B+1332.4% | $562.8M+14286.3% | $350.2M+10155.5% | $167.2M+2349.7% | $79.2M+2880.1% | $3.9M-51.8% |
| Cash & Equivalents | $189.2M-45.8% | $257.7M+54.8% | $737.9M+834.7% | $352.4M+11402.5% | $348.8M+13706.7% | $166.4M+2627.9% | $78.9M+3734.1% | $3.1M-58.5% |
| Short-Term Investments | $765.0M | $728.4M | $379.4M | $203.1M | $0 | $0 | $0 | $0 |
| Inventory | $12.8M+3407.4% | $4.1M+3038.9% | $352K+1855.6% | $956K+296.7% | $366K+37.6% | $131K-15.5% | $18K-75.3% | $241K |
| Accounts Receivable | $6.9M+7041.7% | $4.3M+21305.0% | $519K+1822.2% | $491K+679.4% | $96K+71.4% | $20K-37.5% | $27K-58.5% | $63K+2487.3% |
| Long-Term Investments | $369.3M | $422.8M | $403.1M | $257.5M | $0 | $0 | $0 | $0 |
| Goodwill | $181.5M+226.5% | $146.5M+163.6% | $55.6M0.0% | $55.6M0.0% | $55.6M0.0% | $55.6M0.0% | $55.6M0.0% | $55.6M-14.4% |
| Total Liabilities | $47.2M+56.7% | $23.4M+7.6% | $20.7M-55.4% | $20.3M+86.3% | $30.1M+735.9% | $21.7M+462.9% | $46.3M+718.7% | $10.9M+34.9% |
| Current Liabilities | $18.6M+368.3% | $15.1M+302.9% | $11.1M+142.9% | $3.6M+49.5% | $4.0M+37.3% | $3.7M+21.5% | $4.6M-5.3% | $2.4M-69.9% |
| Non-Current Liabilities | $28.6M+9.3% | $8.3M-53.9% | $9.6M-77.0% | $16.7M+96.8% | $26.1M+3590.7% | $18.0M+2217.9% | $41.7M+4865.8% | $8.5M |
| Total Equity | $1.6B+302.0% | $1.6B+623.3% | $1.6B+1389.7% | $877.9M+1352.5% | $396.0M+504.3% | $220.8M+226.7% | $107.3M+56.2% | $60.4M-16.2% |
| Retained Earnings | -$235.0M-6.8% | -$223.2M-21.6% | -$219.2M-9.3% | -$217.6M-45.8% | -$220.0M-53.2% | -$183.5M-32.6% | -$200.5M-51.9% | -$149.2M-5.5% |
Not reported in any period shown, so not listed: Long-Term Debt.
QUBT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$13.9M-127.3% | -$9.4M-112.7% | -$11.0M-191.9% | -$8.7M-91.0% | -$6.1M-52.0% | -$4.4M-15.2% | -$3.8M+24.0% | -$4.6M-3.4% |
| Depreciation & Amortization | $2.9M+222.2% | $2.0M+102.3% | $1.4M+8.7% | $1.2M+38.2% | $900K+6.3% | $975K+15.5% | $1.3M+57.4% | $851K |
| Stock-Based Compensation | $1.8M-1.0% | $1.2M-10.2% | N/A | N/A | $1.8M+157.2% | $1.4M+13.1% | N/A | $763K-23.1% |
| Capital Expenditures | $2.7M+160.4% | $1.8M+5.1% | $1.2M-59.7% | $2.8M+440.3% | $1.0M-4.9% | $1.7M+9.8% | $2.9M+5307.5% | $514K-67.6% |
| Free Cash Flow | -$16.5M-132.1% | -$11.2M-82.4% | -$12.2M-83.3% | -$11.5M-126.3% | -$7.1M-40.0% | -$6.2M-13.6% | -$6.6M-32.3% | -$5.1M+15.3% |
| Investing Cash Flow | -$55.5M-5318.0% | -$474.3M-27266.0% | -$322.2M-11140.7% | -$463.4M-90058.0% | -$1.0M+4.9% | -$1.7M-9.8% | -$2.9M-5507.5% | -$514K+67.6% |
| Financing Cash Flow | $793K-99.6% | $3.5M-96.3% | $718.6M+770.8% | $475.8M+8353.3% | $189.5M+12397.1% | $93.6M+889.0% | $82.5M+20425.4% | $5.6M-9.1% |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $0-100.0% |
Not reported in any period shown, so not listed: Share Buybacks.
QUBT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -21.0%-63.6pp | -19.5%-52.9pp | -49.5%-104.3pp | 32.8%+23.9pp | 42.6%+10.9pp | 33.3%-7.4pp | 54.8%+41.5pp | 8.9%-43.1pp |
| Operating Margin | -414.6% | -556.8% | -11220.2% | -2709.4% | -16673.8% | -21246.2% | -14375.8% | -5384.2% |
| Net Margin | -211.7% | -109.7% | -785.9% | 620.3% | -59806.6% | 43543.6% | -82640.3% | -5618.8% |
| Return on Equity | -0.7%+8.5pp | -0.3%-7.9pp | -0.1%+47.7pp | 0.3%+9.7pp | -9.2%-1.3pp | 7.7%+17.2pp | -47.8%-36.9pp | -9.4%+0.1pp |
| Return on Assets | -0.7%+7.8pp | -0.3%-7.3pp | -0.1%+33.3pp | 0.3%+7.7pp | -8.6%-1.7pp | 7.0%+15.1pp | -33.4%-23.3pp | -7.4%+0.3pp |
| Current Ratio | 53.13-35.0x | 66.67+22.0x | 102.38+85.0x | 154.87+153.3x | 88.17+87.0x | 44.69+42.5x | 17.36+16.8x | 1.61+0.6x |
| Debt-to-Equity | 0.030.0x | 0.01-0.1x | 0.01-0.4x | 0.02-0.2x | 0.080.0x | 0.100.0x | 0.43+0.3x | 0.18+0.1x |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x |
| FCF Margin | -298.0% | -304.7% | -6147.5% | -3000.3% | -11683.6% | -15805.1% | -10709.7% | -5040.6% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Quantum Computing Inc. QUBT | FY2025 | $682K | -$18.7M | N/A | $1.8B | — |
| Rigetti Computing, Inc. RGTI | FY2025 | $7.1M | -$216.2M | N/A | $5.1B | 58/100 |
| D-Wave Quantum Inc. QBTS | FY2025 | $24.6M | -$355.1M | N/A | $6.0B | 67/100 |
| Cricut, Inc. CRCT | FY2025 | $708.8M | $76.7M | 10.8% | $1.4B | 49/100 |
| Corsair Gaming, Inc. CRSR | FY2025 | $1.5B | $16.0M | 1.1% | $1.5B | 38/100 |
| Stratasys Inc (ISRAEL) SSYS | FY2025 | $551.1M | -$104.3M | -18.9% | $762.0M | 43/100 |
Where Quantum Computing Inc. Ranks
Frequently Asked Questions
What is Quantum Computing Inc.'s annual revenue?
Quantum Computing Inc. (QUBT) reported $682K in total revenue for fiscal year 2025. This represents a 82.8% 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 82.8% year-over-year, from $373K to $682K in fiscal year 2025.
Is Quantum Computing Inc. profitable?
No, Quantum Computing Inc. (QUBT) reported a net income of -$18.7M in fiscal year 2025.
What is Quantum Computing Inc.'s EBITDA?
Quantum Computing Inc. (QUBT) had EBITDA of -$46.7M in fiscal year 2025, 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 9.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Quantum Computing Inc.'s return on equity (ROE)?
Quantum Computing Inc. (QUBT) has a return on equity of -1.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Quantum Computing Inc.'s free cash flow?
Quantum Computing Inc. (QUBT) recorded an outflow of $37.0M in free cash flow during fiscal year 2025. This represents a -66.2% 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) recorded an outflow of $30.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Quantum Computing Inc.'s total assets?
Quantum Computing Inc. (QUBT) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Quantum Computing Inc.'s capital expenditures?
Quantum Computing Inc. (QUBT) invested $6.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Quantum Computing Inc. spend on research and development?
Quantum Computing Inc. (QUBT) invested $20.5M in research and development during fiscal year 2025.
What is Quantum Computing Inc.'s current ratio?
Quantum Computing Inc. (QUBT) had a current ratio of 102.38 as of fiscal year 2025, 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 0.01 as of fiscal year 2025, 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 -1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Quantum Computing Inc.'s P/E ratio?
Quantum Computing Inc. (QUBT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $1.8B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Quantum Computing Inc.'s price-to-sales ratio?
Quantum Computing Inc. (QUBT) trades at 183x sales, its market capitalization divided by revenue of $9.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.8B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Quantum Computing Inc.'s Altman Z-Score?
Quantum Computing Inc. (QUBT) has an Altman Z-Score of 52.75, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Quantum Computing Inc.'s Piotroski F-Score?
Quantum Computing Inc. (QUBT) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Quantum Computing Inc.'s earnings high quality?
Quantum Computing Inc. (QUBT) reported a net loss of $18.7M while operations used $30.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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. Learn more in our complete guide to financial health indicators.
Can Quantum Computing Inc. cover its interest payments?
Quantum Computing Inc. (QUBT) reported an operating loss of $51.1M against $65K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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. Learn more in our complete guide to financial health indicators.