Quantum Computing (QUBT) AI Stock Analysis

• Market Cap: $2.53B
• Dividend Yield: N/A
• Average Volume (3M): 24.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.67
• Revenue Growth: 41.51%
• EPS Growth: -111.74%
• Country: US
• Employees: 41
• Sector: Technology
• Sector Strength: 88
• Industry: Computer Hardware
• EPS (TTM): 0.01
• Shares Outstanding: 224,123,300
• 10 Day Avg. Volume: 18,797,014
• 30 Day Avg. Volume: 24,434,720
• PEG Ratio: -0.31
• Price to Book (P/B): 14.48
• Price to Sales (P/S): 4165.50
• P/FCF Ratio: -69.83
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 4.61K
• Enterprise Value/Gross Profit: -1.24K
• Enterprise Value/Ebitda: -40.66
• 1Y Price Target: $22.67
• Price Target Upside: 101.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $13.00 ▲(15.35% Upside)

Quantum Computing's overall stock score reflects a company with significant financial challenges but promising strategic developments. The substantial capital raised and strategic progress are positive, but the lack of profitability and valuation concerns weigh heavily. Technical indicators are mixed, adding uncertainty to the stock's short-term performance.

Positive Factors

Revenue Growth

The significant revenue growth indicates increased demand for QUBT's quantum solutions, reflecting successful market penetration and product adoption.

Capital Strength

The substantial capital raised strengthens QUBT's financial position, enabling strategic investments and expansion, crucial for long-term growth.

Improved Gross Margin

Improved gross margins suggest better cost management and operational efficiency, enhancing profitability potential in the long term.

Negative Factors

Profitability Challenges

Ongoing profitability challenges and negative cash flows could hinder QUBT's ability to sustain operations without continued external funding.

Increased Operating Expenses

Rising operating expenses may pressure margins and profitability, necessitating efficient cost control to maintain financial health.

Contract Dependency

Dependency on a few contracts increases financial unpredictability, posing risks if any major contract is lost or underperforms.

Quantum Computing Business Overview & Revenue Model

Company Description

Quantum Computing, Inc. focuses on providing software tools and applications for quantum computers in Virginia. The company offers Qatalyst, a quantum application accelerator that enables developers to create and execute quantum-ready applications on conventional computers, while being ready to run on quantum computers as well as provides multiple quantum processing units including DWave, Rigetti, and IonQ. It focuses on serving commercial and government entities. The company, formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was founded in 2018 and is based in Leesburg, Virginia.

How the Company Makes Money

QUBT generates revenue through multiple channels, including the sale of quantum hardware and software licenses, subscription fees for access to its cloud-based quantum computing platform, and consultancy services. Key revenue streams include partnerships with academic institutions and research organizations that require advanced computational capabilities, as well as collaborations with enterprises across sectors such as finance, pharmaceuticals, and logistics that seek to leverage quantum computing for optimization and predictive analytics. Additionally, QUBT may benefit from government grants and funding aimed at promoting technological innovation in quantum computing.

Quantum Computing Financial Statement Overview

Summary

Quantum Computing is experiencing significant financial difficulties. Despite a 107.6% revenue growth rate, the company is not yet profitable, with negative gross and net profit margins. The balance sheet shows low leverage, which is positive, but negative cash flows and lack of profitability are major concerns.

Income Statement

Quantum Computing's income statement reveals significant challenges. The company has negative gross and net profit margins, indicating it is not currently profitable. Despite a notable revenue growth rate of 107.6% in the TTM, the company continues to incur substantial losses, with EBIT and EBITDA margins also deeply negative. This suggests that while revenue is increasing, costs are outpacing income, leading to persistent losses.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio, which is a positive indicator of financial stability. However, the negative return on equity highlights that the company is not generating profits from its equity base. The equity ratio is relatively healthy, suggesting that the company is not overly reliant on debt financing, but the lack of profitability remains a concern.

Cash Flow

Cash flow analysis indicates that Quantum Computing is facing cash flow challenges. The operating cash flow is negative, and while the free cash flow growth rate is positive, it is still negative overall. The operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in converting income into cash. The free cash flow to net income ratio is above 1, indicating that free cash flow is higher than net income, but this is due to the negative net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	546.00K	373.00K	358.00K	136.00K	0.00	0.00
Gross Profit	-2.03M	-3.69M	-3.15M	-1.79M	-9.00K	-6.61K
EBITDA	-61.93M	-62.25M	-22.11M	-23.34M	-27.61M	-18.72M
Net Income	-68.38M	-68.54M	-27.02M	-25.98M	-27.90M	-24.73M
Balance Sheet
Total Assets	898.17M	153.56M	74.36M	78.51M	17.28M	15.27M
Cash, Cash Equivalents and Short-Term Investments	555.57M	78.94M	2.06M	5.31M	16.74M	15.20M
Total Debt	2.58M	1.18M	2.77M	10.16M	18.08K	218.37K
Total Liabilities	20.32M	46.27M	5.65M	13.39M	1.08M	693.21K
Stockholders Equity	877.85M	107.29M	68.70M	65.12M	16.20M	14.57M
Cash Flow
Free Cash Flow	-31.45M	-22.25M	-20.43M	-16.25M	-6.82M	-11.55M
Operating Cash Flow	-23.05M	-16.21M	-18.32M	-15.38M	-6.80M	-11.54M
Investing Cash Flow	-469.04M	-6.04M	-2.61M	-2.23M	-22.50K	-11.97K
Financing Cash Flow	841.46M	99.14M	17.68M	6.17M	8.39M	26.65M

Quantum Computing Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QUBT, the sentiment is Negative. The current price of 11.27 is below the 20-day moving average (MA) of 11.74, below the 50-day MA of 14.09, and below the 200-day MA of 13.63, indicating a bearish trend. The MACD of -0.59 indicates Negative momentum. The RSI at 38.20 is Neutral, neither overbought nor oversold. The STOCH value of 9.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QUBT.

Quantum Computing Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
QBTS	54 Neutral	$8.94B	-17.62	-122.03%	―	156.20%	-218.56%
QUBT	52 Neutral	$2.53B	-16.90	-14.49%	―	41.51%	-111.74%
IONQ	51 Neutral	$17.60B	-8.56	-108.23%	―	113.07%	-555.52%
RGTI	41 Neutral	$7.91B	-17.28	-141.90%	―	-36.98%	-238.63%

Quantum Computing Corporate Events

Quantum Computing Secures $750M in Private Placement

On October 5, 2025, Quantum Computing Inc. announced it had entered into securities purchase agreements for an oversubscribed private placement of 37,183,937 shares of common stock, resulting in gross proceeds of $750 million. The closing occurred on October 8, 2025. The funds will be used to fully fund commercialization, pursue strategic acquisitions, and expand production and personnel. This placement strengthens QCi’s financial position, making it the best-capitalized among publicly traded quantum computing firms, supporting its transition to a leading quantum hardware manufacturer.

Quantum Computing Secures $500M in Oversubscribed Placement

On September 21, 2025, Quantum Computing Inc. announced a securities purchase agreement for a private placement of 26,867,276 shares of common stock, resulting in gross proceeds of $500 million. The placement, which closed on September 24, 2025, was oversubscribed and led by existing shareholders and a new global asset manager. The funds will support the company’s commercialization efforts, strategic acquisitions, and expansion of sales and engineering teams. This financing strengthens QCi’s financial position, enabling the execution of its growth plan and enhancing its manufacturing capabilities.