Quantum Computing (QUBT) | Financial Analysis & Statements
Quantum Computing Inc. Mid-cap Technology
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
198.0K
Gross Profit
-98.0K
-49.49%
Operating Income
-22.2M
-11,220.20%
Net Income
-1.6M
-785.86%
EPS (Diluted)
$-0.01
Balance Sheet Metrics
Total Assets
1.6B
Total Liabilities
20.7M
Shareholders Equity
1.6B
Debt to Equity
0.01
Cash Flow Metrics
Operating Cash Flow
-647.0K
Free Cash Flow
-12.2M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Quantum Computing Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 682.0K | 373.0K | 358.0K | 136.0K | 0 |
| Cost of Goods Sold | 615.0K | 261.0K | 196.0K | 61.0K | 0 |
| Gross Profit | 67.0K | 112.0K | 162.0K | 75.0K | 0 |
| Gross Margin % | 9.8% | 30.0% | 45.3% | 55.1% | 0.0% |
| Operating Expenses | |||||
| Research & Development | 20.5M | 11.3M | 8.9M | 5.2M | 2.6M |
| Selling, General & Administrative | 30.7M | 14.7M | 17.5M | 23.5M | 14.5M |
| Other Operating Expenses | - | - | - | - | -218.4K |
| Total Operating Expenses | 51.1M | 26.0M | 26.4M | 28.7M | 16.9M |
| Operating Income | -51.1M | -25.9M | -26.2M | -28.6M | -16.9M |
| Operating Margin % | -7,489.3% | -6,953.6% | -7,330.4% | -21,062.5% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | 20.7M | 423.0K | 295.0K | 47.0K | 7.4K |
| Interest Expense | 65.0K | 2.5M | 1.6M | 772.0K | 11.0M |
| Other Non-Operating Income | 11.8M | -40.5M | 528.0K | 3.4M | - |
| Pre-tax Income | -18.7M | -68.5M | -27.0M | -26.0M | -27.9M |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | -18.7M | -68.5M | -27.0M | -26.0M | -27.9M |
| Net Margin % | -2,738.1% | -18,375.9% | -7,548.0% | -19,101.5% | 0.0% |
| Key Metrics | |||||
| EBITDA | -25.4M | -21.7M | -22.6M | -26.7M | -16.9M |
| EPS (Basic) | $-0.11 | $-0.73 | $-0.42 | $-0.69 | $-0.96 |
| EPS (Diluted) | $-0.11 | $-0.73 | $-0.42 | $-0.69 | $-0.96 |
| Basic Shares Outstanding | 164492000 | 93881000 | 66611000 | 55963334 | 29156815 |
| Diluted Shares Outstanding | 164492000 | 93881000 | 66611000 | 55963334 | 29156815 |
Income Statement Trend
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Quantum Computing Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 737.9M | 78.9M | 2.1M | 5.3M | 16.7M |
| Short-term Investments | 379.4M | - | - | - | - |
| Accounts Receivable | 519.0K | 27.0K | 65.0K | 13.0K | 0 |
| Inventory | 352.0K | 18.0K | 73.0K | 0 | - |
| Other Current Assets | 11.9M | 161.0K | 180.0K | 129.0K | 18.1K |
| Total Current Assets | 1.1B | 79.2M | 2.7M | 5.4M | 17.2M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 2.4M | 1.6M | 1.1M | 1.3M | 18.1K |
| Goodwill | 117.6M | 120.1M | 123.2M | 126.3M | 0 |
| Intangible Assets | 6.5M | 9.0M | 12.1M | 15.2M | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 4.7M | 129.0K | 129.0K | 60.0K | - |
| Total Non-Current Assets | 485.2M | 74.4M | 71.7M | 73.1M | 62.5K |
| Total Assets | 1.6B | 153.6M | 74.4M | 78.5M | 17.3M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 778.0K | 1.4M | 1.5M | 872.0K | 464.9K |
| Short-term Debt | - | - | 1.9M | 535.7K | 18.1K |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 766.0K | 974.0K | 786.0K | 760.0K | 3.4K |
| Total Current Liabilities | 11.1M | 4.6M | 4.8M | 4.6M | 1.1M |
| Non-Current Liabilities | |||||
| Long-term Debt | 1.8M | 1.2M | 840.0K | 8.3M | - |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | 9.6M | 41.7M | 840.0K | 8.8M | 0 |
| Total Liabilities | 20.7M | 46.3M | 5.7M | 13.4M | 1.1M |
| Equity | |||||
| Common Stock | 0 | 13.0K | 8.0K | 6.0K | 2.9K |
| Retained Earnings | -219.2M | -200.5M | -131.9M | -104.1M | -81.4M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 1.6B | 107.3M | 68.7M | 65.1M | 16.2M |
| Key Metrics | |||||
| Total Debt | 1.8M | 1.2M | 2.8M | 8.8M | 18.1K |
| Working Capital | 1.1B | 74.6M | -2.2M | 857.0K | 16.1M |
Balance Sheet Composition
Quantum Computing Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -18.7M | -68.5M | -27.0M | -26.0M | -27.9M |
| Depreciation & Amortization | 4.9M | 3.8M | 3.3M | 1.9M | 9.0K |
| Stock-Based Compensation | 8.7M | 5.8M | 4.6M | 11.7M | 10.2M |
| Working Capital Changes | -9.7M | -48.0K | 482.6K | 325.2K | 101.5K |
| Operating Cash Flow | -14.8M | -56.9M | -17.7M | -11.5M | -17.6M |
| Investing Activities | |||||
| Capital Expenditures | -6.7M | -6.0M | -2.1M | -870.0K | -19.4K |
| Acquisitions | - | - | 0 | -1.4M | - |
| Investment Purchases | -1.2B | - | - | - | - |
| Investment Sales | 416.2M | - | - | - | - |
| Investing Cash Flow | -788.3M | -6.0M | -2.6M | -3.6M | -22.5K |
| Financing Activities | |||||
| Share Repurchases | 0 | -4.1M | - | - | - |
| Dividends Paid | 0 | -215.0K | -865.0K | -787.0K | - |
| Debt Issuance | - | - | 0 | 7.0M | 0 |
| Debt Repayment | - | - | -6.2M | 0 | -218.4K |
| Financing Cash Flow | 1.5B | 99.1M | 17.7M | 6.4M | 8.4M |
| Free Cash Flow | -37.0M | -22.2M | -20.4M | -16.2M | -6.8M |
| Net Change in Cash | 672.1M | 36.2M | -2.7M | -8.6M | -9.2M |
Cash Flow Trend
Quantum Computing Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-82.64
Forward P/E
-34.00
Price to Book
1.38
Price to Sales
3,246.26
PEG Ratio
-34.00
Profitability Ratios
Profit Margin
9.82%
Operating Margin
-11,220.20%
Return on Equity
-2.19%
Return on Assets
-3.60%
Financial Health
Current Ratio
102.38
Debt to Equity
0.16
Beta
3.66
Per Share Data
EPS (TTM)
$-0.11
Book Value per Share
$7.13
Revenue per Share
$0.00
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| QUBT | 2.0B | -82.64 | 1.38 | -2.19% | 9.82% | 0.16 |
| Arista Networks | 222.8B | 64.57 | 17.97 | 31.40% | 38.99% | 0.73 |
| Dell Technologies | 137.9B | 24.44 | -55.95 | -240.32% | 5.23% | -13.06 |
| D-Wave Quantum | 7.1B | -17.39 | 8.94 | -77.62% | 82.59% | 5.10 |
| Rigetti Computing | 6.1B | -26.11 | 11.07 | -64.27% | 29.12% | 1.31 |
| Western Digital | 138.1B | 38.17 | 19.27 | 41.13% | 35.64% | 65.44 |
Financial data is updated regularly. All figures are in the company's reporting currency.






