Quantum Computing (QUBT) AI Stock Analysis

• Market Cap: $2.36B
• Dividend Yield: N/A
• Average Volume (3M): 39.74M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.54
• Revenue Growth: 45.57%
• EPS Growth: -35.70%
• Country: US
• Employees: 41
• Sector: Technology
• Sector Strength: 89
• Industry: Computer Hardware
• EPS (TTM): 0.11
• Shares Outstanding: 140,903,530
• 10 Day Avg. Volume: 48,254,538
• 30 Day Avg. Volume: 39,742,835
• PEG Ratio: 0.12
• Price to Book (P/B): -7.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.75
• Enterprise Value/Market Cap: 0.01
• Enterprise Value/Revenue: 15.95
• Enterprise Value/Gross Profit: 206.97
• Enterprise Value/Ebitda: -0.16
• 1Y Price Target: $14.00
• Price Target Upside: -16.62% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: $18.50 ▲(10.18%Upside)

Quantum Computing's stock score reflects a company with strong technical momentum and strategic corporate actions. However, financial performance and valuation concerns, due to profitability and reliance on equity financing, weigh heavily on its score.

Positive Factors

Financial Position

Quantum Computing has $79 million in cash and no debt, reflecting a strong balance sheet.

Industry Growth

As quantum computing hardware advances, demand for quantum software is expected to grow, benefiting Quantum Computing.

Product Development

Quantum's flagship software, Qatalyst, is well-positioned to capture and drive meaningful market share and industry growth.

Negative Factors

Valuation Concerns

Quantum’s stock has had a significant increase in valuation, which may raise concerns about potential overvaluation.

Quantum Computing Business Overview & Revenue Model

Company Description

Quantum Computing Inc. (QUBT) is a technology company focused on advancing quantum computing solutions to solve complex computational problems across various industries. The company operates primarily in the technology and software sectors, offering quantum software and services designed to leverage the power of quantum computing for optimization, machine learning, and artificial intelligence applications. QUBT aims to provide innovative solutions that enable businesses to tackle challenges that are currently impractical for classical computers.

How the Company Makes Money

Quantum Computing Inc. (QUBT) generates revenue through a combination of software sales, services, and partnerships. The company develops quantum software platforms and tools that it licenses to enterprises, allowing them to integrate quantum computing into their existing workflows. Additionally, QUBT offers consulting and professional services to assist organizations in implementing and optimizing quantum solutions. Partnerships with leading technology firms and research institutions also play a crucial role in expanding its client base and enhancing its technological capabilities. Moreover, QUBT may engage in joint ventures or collaborate on government and industry-specific projects that provide additional revenue opportunities.

Quantum Computing Financial Statement Overview

Summary

Quantum Computing's financial health is challenged by consistent negative net income and cash flow, despite a low debt-to-equity ratio. Reliance on equity financing highlights sustainability concerns.

Income Statement

The income statement reveals a challenging financial situation for Quantum Computing with continuous negative net income over the years, suggesting struggles in achieving profitability. The TTM data shows a slight increase in revenue by 3.2% from the previous year, but the company is still operating at a significant loss, with a negative net profit margin and EBIT margin. This indicates the company is facing difficulties in managing its operating expenses relative to revenue generation.

Balance Sheet

The balance sheet displays a relatively high stockholders' equity compared to total debt, resulting in a low debt-to-equity ratio, which is positive. However, the company has been relying heavily on equity financing, as evidenced by substantial equity injections over recent years. The equity ratio is strong at approximately 91.1%, indicating that most of the company's assets are financed by equity. This could be a sign of investor confidence but also reflects the company’s reliance on external funding to sustain operations.

Cash Flow

Cash flow analysis highlights a negative trend with continuous negative free cash flow, indicating that the company is unable to generate sufficient cash from operations to cover its capital expenditures. The operating cash flow to net income ratio is negative, underscoring inefficiencies in converting revenue into cash. The heavy reliance on financing activities, especially equity financing, raises concerns about sustainability if such funding sources become unavailable.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	385.00K	373.00K	358.00K	135.65K	0.00	0.00
Gross Profit	114.00K	112.00K	162.00K	-1.79M	-9.00K	-6.61K
EBITDA	-38.87M	-62.25M	-22.11M	-23.34M	-17.12M	-17.34M
Net Income	-45.12M	-68.54M	-27.02M	-25.98M	-27.90M	-24.73M
Balance Sheet
Total Assets	242.53M	153.56M	74.36M	89.30M	17.28M	15.27M
Cash, Cash Equivalents and Short-Term Investments	166.43M	78.94M	2.06M	3.79M	16.74M	15.20M
Total Debt	1.06M	1.18M	2.77M	9.53M	18.08K	218.37K
Total Liabilities	21.71M	46.27M	5.65M	14.40M	1.08M	693.21K
Stockholders Equity	220.83M	107.29M	68.70M	74.90M	16.20M	14.57M
Cash Flow
Free Cash Flow	-22.39M	-22.25M	-20.43M	-18.43M	-6.82M	-11.55M
Operating Cash Flow	-16.20M	-16.21M	-18.32M	-17.56M	-6.80M	-11.54M
Investing Cash Flow	-6.19M	-6.04M	-2.61M	-2.23M	-22.50K	-11.97K
Financing Cash Flow	183.31M	99.14M	17.68M	8.35M	8.39M	26.65M

Quantum Computing Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QUBT, the sentiment is Positive. The current price of 16.79 is above the 20-day moving average (MA) of 15.82, above the 50-day MA of 11.53, and above the 200-day MA of 7.68, indicating a bullish trend. The MACD of 1.85 indicates Positive momentum. The RSI at 56.49 is Neutral, neither overbought nor oversold. The STOCH value of 24.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QUBT.

Quantum Computing Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QBTS	63 Neutral	$4.43B	―	-154.89%	―	121.61%	-13.50%
Sector *	63 Neutral	$32.90B	6.03	-11.70%	1.95%	5.55%	-19.87%
QUBT	59 Neutral	$2.36B	―	-30.47%	―	45.57%	-35.70%
IONQ	58 Neutral	$9.97B	―	-52.11%	―	69.92%	-79.18%
RGTI	44 Neutral	$3.24B	―	-85.28%	―	-28.38%	-29.15%

Quantum Computing Corporate Events

Quantum Computing Raises $200M in Private Placement

On June 22, 2025, Quantum Computing Inc. entered into securities purchase agreements to issue 14,035,089 shares of common stock in a private placement, resulting in gross proceeds of approximately $200 million. The closing occurred on June 24, 2025, with Titan Partners Group acting as the sole placement agent. The company plans to use the net proceeds to accelerate commercialization efforts, strategic acquisitions, and general corporate purposes. The issuance was not registered under the Securities Act, and QCi has agreed to file a resale registration statement. Directors and executives have agreed to a 60-day lock-up period post-closing, and the company will not issue new shares for 75 days without consent from the placement agent.

The most recent analyst rating on (QUBT) stock is a Buy with a $8.50 price target. To see the full list of analyst forecasts on Quantum Computing stock, see the QUBT Stock Forecast page.

Quantum Computing Appoints New CFO and General Counsel

Quantum Computing Inc. announced the retirement of its Chief Financial Officer, Christopher Boehmler, effective June 19, 2025, without any disagreements regarding company operations. Christopher Roberts, who has extensive experience in corporate finance and government contracting, was appointed as the new CFO and General Counsel effective June 20, 2025. The company held its annual meeting on June 18, 2025, where new directors were elected, and BPM LLP was ratified as the independent accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (QUBT) stock is a Buy with a $8.50 price target. To see the full list of analyst forecasts on Quantum Computing stock, see the QUBT Stock Forecast page.

Quantum Computing Announces New COO and CRO Appointments

On May 2, 2025, Quantum Computing Inc. announced the promotion of Dr. Milan Begliarbekov to Chief Operating Officer and Dr. Pouya Dianat to Chief Revenue Officer, effective immediately. These appointments are part of the company’s strategic growth plan, following the completion of its quantum photonic chip foundry in Tempe, Arizona, in March 2025. Dr. Begliarbekov will oversee day-to-day operations and the development of advanced photonic circuits, while Dr. Dianat will drive global commercial strategy and expand revenue streams. These leadership changes aim to strengthen QCi’s market position, particularly in the datacom and telecom sectors, and support the company’s efforts to meet the growing demand for high-performance TFLN solutions.

Quantum Computing CEO Dr. William McGann Announces Retirement

On April 11, 2025, Dr. William McGann announced his retirement as CEO and President of Quantum Computing Inc., effective May 12, 2025. Dr. McGann, who joined the company in 2021, played a pivotal role in launching the Dirac-3 quantum optimization machine and advancing the company’s core technologies. Dr. Yuping Huang, currently Chairman of the Board and Chief Quantum Officer, will serve as Interim CEO and President. Dr. Huang, with over 20 years of experience in quantum and optics technology, previously founded QPhoton, Inc., and has led significant quantum research initiatives. The board has initiated a search for a permanent CEO, while Dr. Huang will focus on contracting with the US government as part of his leadership duties.