Quantum Blockchain Technologies PLC (QBT) AI Stock Analysis

• Market Cap: £7.84M
• Dividend Yield: N/A
• Average Volume (3M): 7.53M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 3
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): >-0.01
• Shares Outstanding: 1,465,226,800
• 10 Day Avg. Volume: 14,219,827
• 30 Day Avg. Volume: 7,534,749
• PEG Ratio: <0.01
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: >-0.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: 0.55 p ▼(-19.26% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is primarily constrained by very weak financial performance (minimal revenue, persistent losses, negative equity, and multi-year cash burn). Technicals add further pressure with the stock trading below key moving averages and negative MACD. Valuation provides limited support because the negative P/E reflects ongoing unprofitability and no dividend yield is available.

Positive Factors

Proprietary IP & R&D focus

A clear focus on proprietary algorithmic and AI-driven optimization provides durable competitive potential. Owning differentiated IP can enable licensing, limit direct replication, and create high-margin revenue streams if commercial adoption by miners or hardware partners occurs over the next 2–6 months.

Scalable licensing/commercial model

A licensing and partnership-based revenue model is structurally scalable and recurring. If the company converts its IP into commercial agreements, revenue can grow with limited incremental capex, enabling leverage of R&D into sustained margin expansion over multiple reporting periods.

Improving operating losses trend

The multi-year reduction in net losses signals progress closing the structural cash gap and potential expense discipline. Continued trend improvement could extend runway and make monetisation of IP more attainable, reducing dependence on external financing over coming quarters.

Negative Factors

Negative shareholders' equity

Persistent negative equity materially limits financial flexibility and increases refinancing and dilution risk. In a capital-intensive or volatile market, this structural weakness constrains the company’s ability to fund commercialization, pursue partnerships, or absorb shocks without external capital.

Multi-year operating cash burn

Consistent negative operating and free cash flows indicate ongoing cash burn and reliance on financing. Over a multi-quarter horizon, this undermines sustainability absent clear near-term revenue deals, increasing the likelihood of dilution or constrained investment in productisation and sales.

Minimal/absent revenue base

A lack of meaningful recurring revenue leaves the business model unproven and makes expense absorption difficult. Without demonstrable commercial traction or signed licensing agreements, projected scalability from IP remains hypothetical and adds execution risk over the next several quarters.

Quantum Blockchain Technologies PLC Business Overview & Revenue Model

Company Description

Quantum Blockchain Technologies Plc, formerly known as Clear Leisure plc, is a private equity and venture capital firm specializing in investments in mid venture, early stage, turnaround, mid venture, late venture and considers pre-IPO opportunities as well. It seeks to invest in blockchain, cryptocurrencies, quantum technology, artificial intelligence, leisure, real estate, interactive media, financial services, renewable & alternative energy sector and technology related investments especially interactive media sectors, consumer discretionary, information technology, communication services, utilities, real estate. It also prefers to invest in the entertainment sector with specific focus on theme park sector. The firm does not have any geographical restrictions. However, it seeks to invest in companies based in Asia/Pacific, Europe, China, Africa/Middle East, United Kingdom, Italy, and India. The focus of management is to pursue the monetization of all of the Company's existing assets, through selected realizations, court-led recoveries of misappropriated assets and substantial debt-recovery processes. The firm seeks to invest between $0.1 million and $15 million in the portfolio companies. The firm prefers to take minority stake. It seeks board seat in its investee companies. It exits its investments through initial public offering or trade sale. Quantum Blockchain Technologies Plc was founded in 1999 and is based in London, United Kingdom.

How the Company Makes Money

QBT’s intended revenue model is primarily based on monetising its proprietary Bitcoin-mining optimization methods and related intellectual property through commercial arrangements with mining industry participants. In practice, this would typically include (i) licensing its software/algorithms to Bitcoin mining operators or ASIC/hardware providers, potentially structured as upfront licence fees, recurring subscription/maintenance payments, and/or performance-based fees or revenue-sharing tied to measured mining efficiency gains; and (ii) entering partnerships or technical collaborations to integrate its methods into third-party mining systems, which could be monetised via integration fees and ongoing commercial royalties. Publicly available information does not provide a complete, consistently disclosed breakdown of current realised revenues by stream for QBT; therefore, specific figures for the contribution of licences, royalties, subscriptions, or other income sources are null.

Quantum Blockchain Technologies PLC Financial Statement Overview

Summary

Financial profile is highly weak: revenue is effectively nonexistent, losses remain large despite improvement in 2024, shareholders’ equity is negative across all years (limiting flexibility), and operating/free cash flow is negative in 2021–2024, indicating ongoing cash burn and reliance on external funding.

Income Statement

Operating performance remains very weak: revenue is effectively nonexistent in 2022–2024 (and minimal in 2020–2021), while losses are large and persistent. The annual net loss improved from about -5.4M (2021) to -4.2M (2023) and -2.9M (2024), but profitability is still deeply negative with no clear revenue base to absorb the cost structure.

Balance Sheet

The balance sheet is highly stressed, highlighted by negative shareholders’ equity across all years (about -5.4M in 2024), which materially limits financial flexibility. Debt remains high and fairly steady (~7.5–8.4M), and with negative equity the capital structure is unfavorable, leaving the company more exposed to refinancing/dilution risk.

Cash Flow

Cash generation is a key weakness: operating cash flow and free cash flow are negative in 2021–2024 (roughly -1.7M in 2024), indicating ongoing cash burn. A notable positive is 2020 showing positive operating/free cash flow (~0.4M), but the subsequent multi-year reversal and continued burn outweigh that improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Jun 2023	Jun 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	9.00K	12.00K
Gross Profit	0.00	0.00	0.00	-378.00K	-201.00K	-68.00K
EBITDA	-2.58K	-2.15M	-3.97M	-3.81M	-4.23M	-961.00K
Net Income	-3.05K	-2.85M	-4.21M	-5.03M	-5.40M	-1.21M
Balance Sheet
Total Assets	3.69M	2.89M	5.87M	6.05M	6.98M	6.17M
Cash, Cash Equivalents and Short-Term Investments	1.71M	604.00K	2.06M	463.00K	1.04M	979.02K
Total Debt	7.52M	7.52M	7.45M	8.13M	8.37M	8.21M
Total Liabilities	8.22M	8.28M	8.42M	9.27M	9.81M	8.55M
Stockholders Equity	-4.53M	-5.39M	-2.55M	-3.22M	-2.82M	-2.38M
Cash Flow
Free Cash Flow	-2.50K	-1.67M	-1.85M	-1.78M	-1.98M	413.00K
Operating Cash Flow	-2.50K	-1.67M	-1.85M	-1.67M	-1.81M	413.00K
Investing Cash Flow	10.00	1.00K	-29.00K	-161.00K	-218.00K	-2.00K
Financing Cash Flow	2.61K	213.00K	3.46M	1.26M	3.07M	-411.00K

Quantum Blockchain Technologies PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLUS	84 Outperform	£2.95B	12.16	47.78%	4.70%	1.09%	4.88%
CMCX	80 Outperform	£940.60M	4.51	14.91%	4.65%	-10.92%	-24.05%
IGG	78 Outperform	£4.86B	10.55	20.39%	3.62%	9.46%	32.24%
TCAP	73 Outperform	£1.94B	10.28	9.39%	6.35%	5.77%	81.14%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
QBT	41 Neutral	£7.84M	-2.60	―	―	―	―

Quantum Blockchain Technologies PLC Corporate Events

Quantum Blockchain Advances Global Patent Strategy for Bitcoin Mining Tech

Quantum Blockchain Technologies has provided an update on its three patent families covering ASIC Ultra Boost hardware optimisation, Message Schedule Arrays, and Method C Bitcoin Mining, detailing their progression across key jurisdictions including the U.S., Europe, Australia, Canada, and South Korea. The company has shifted from initial UK-only filings to broader European Patent Convention coverage, and reports that claim wording for its U.S. ASIC Ultra Boost application has been agreed with the USPTO examiner, signalling a potentially favourable outcome as it pursues a mixed IP protection strategy combining patents and trade secrets to underpin its competitive edge in Bitcoin mining technology.

Management emphasised that patent approvals can take years but are essential for building a defensible intellectual property portfolio around its mining innovations, while some technologies will intentionally remain industrial trade secrets. This evolving patent estate, if successfully granted, could strengthen QBT’s position in the blockchain and crypto-mining ecosystem by securing legal protection over its core technologies and supporting its ambition to disrupt current mining practices.

The most recent analyst rating on (GB:QBT) stock is a Hold with a £0.55 price target. To see the full list of analyst forecasts on Quantum Blockchain Technologies PLC stock, see the GB:QBT Stock Forecast page.

Quantum Blockchain Updates on €6 Million Sipiem Litigation Recovery Progress

Quantum Blockchain Technologies Plc provided an update on its legal proceedings related to the Sipiem litigation case. The company was awarded over €6 million plus additional compensations, although ongoing appeals have delayed the recovery process. Its subsidiary, Clear Leisure 2017 Limited (CL2017), has initiated enforcement actions to recover funds through property and chattel asset confiscation, including the seizure of real estate worth more than €600,000 and artwork owned by defendants. These measures signal the company’s determination to secure the claim, representing a notable step towards resolving the matter and potentially impacting financial outcomes and stakeholders positively once the judgment is fully realized.