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Quantum Computing Inc. (QUBT)
NASDAQ:QUBT
Top Page
Quantum Computing
(NASDAQ:QUBT)
50Neutral
Quantum Computing (QUBT) vs. S&P 500 (SPY)
Market Cap
$1.10B
Dividend YieldN/A
Average Volume (3M)12.92M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth4.19%
EPS Growth-65.44%
CountryUS
Employees41
SectorTechnology
Sector Strength68
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.67
Shares Outstanding137,244,550
10 Day Avg. Volume7,579,308
30 Day Avg. Volume12,915,726
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.56
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit15.35K
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$8.50Price Target Upside6.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Quantum Computing Business Overview & Revenue Model
Company DescriptionQuantum Computing (QUBT) is a cutting-edge technology company specializing in the development and commercialization of quantum computing hardware and software solutions. The company operates at the forefront of the quantum technology sector, providing advanced computational capabilities that transcend traditional computing limits. Its core products and services include quantum processors, quantum software platforms, and consulting services aimed at enabling businesses and researchers to leverage the transformative potential of quantum computing.
How the Company Makes MoneyQuantum Computing (QUBT) generates revenue primarily through the sale and licensing of its quantum hardware and software solutions. The company offers a range of products, including quantum processors and software platforms, which it licenses to technology companies, research institutions, and government agencies seeking to harness the power of quantum computing for complex problem-solving and innovation. Additionally, QUBT provides consulting and professional services to businesses looking to integrate quantum technologies into their operations, generating additional service-based revenue. Strategic partnerships with leading tech companies and research institutions further contribute to its earnings by expanding its market reach and collaborative research opportunities.
Quantum Computing Financial Statement Overview
Summary
Quantum Computing shows potential in revenue growth but faces significant challenges in achieving profitability and positive cash flow. While the balance sheet is reasonably stable, ongoing losses and negative margins present a risk. The company needs to focus on improving operational efficiency and cash flow management to enhance financial health.Income Statement
Quantum Computing's income statement reveals a challenging financial position with consistently negative net income and operating losses. Despite a slight increase in revenue from $358,000 to $373,000 in the latest year, the company continues to face significant net losses, with a net profit margin of -183.77%. The EBIT and EBITDA margins are also deeply negative, indicating struggles in generating operational profitability.22
Negative
Balance Sheet
The balance sheet shows a mixed picture. The company's debt-to-equity ratio is relatively low at 0.01, indicating limited leverage, which is a positive aspect. However, the return on equity is negative due to substantial losses, and the equity ratio stands at 69.87%, reflecting moderate financial stability but limited asset growth.35
Negative
Cash Flow
Cash flow analysis indicates challenges with negative free cash flow, though there is a significant improvement in cash positions due to increased financing activities. The operating cash flow to net income ratio remains negative, highlighting ongoing operational cash consumption.40
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 373.00K | 358.00K | 135.65K | 0.00 | 0.00 | Gross Profit |
| 112.00K | 162.00K | 74.71K | -9.00K | -6.61K | EBIT |
| -25.94M | -26.24M | -36.58M | -17.13M | -17.34M | EBITDA |
| -62.25M | -22.11M | -23.34M | -17.12M | -17.34M | Net Income Common Stockholders |
| -68.54M | -27.02M | -2.05B | -38.89M | -33.55M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 78.94M | 2.06M | 3.79M | 16.74M | 15.20M | Total Assets |
| 153.56M | 74.36M | 89.30M | 17.28M | 15.27M | Total Debt |
| 1.18M | 2.77M | 9.53M | 18.08K | 218.37K | Net Debt |
| -77.76M | 706.00K | 5.73M | -16.72M | -14.98M | Total Liabilities |
| 46.27M | 5.65M | 14.40M | 1.08M | 693.21K | Stockholders Equity |
| 107.29M | 68.70M | 74.90M | 16.20M | 14.57M |
| Cash Flow | Free Cash Flow | |||
| -22.25M | -20.43M | -18.43M | -6.82M | -11.55M | Operating Cash Flow |
| -16.21M | -18.32M | -17.56M | -6.80M | -11.54M | Investing Cash Flow |
| -6.04M | -2.61M | -2.23M | -40.58K | -11.97K | Financing Cash Flow |
| 99.14M | 17.68M | 8.35M | 8.39M | 26.65M |
Quantum Computing Technical Analysis
Positive
8.01
Price Trends
6.81
Positive
9.22
Negative
5.36
Positive
Market Momentum
<0.01
Negative
60.60
Neutral
74.30
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 8.01 is above the 20-day moving average (MA) of 6.74, above the 50-day MA of 6.81, and above the 200-day MA of 5.36, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.60 is Neutral, neither overbought nor oversold. The STOCH value of 74.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QUBT.
Quantum Computing Risk Analysis
Quantum Computing disclosed 44 risk factors in its most recent earnings report. Quantum Computing reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Quantum Computing Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $10.94B | 10.58 | -7.08% | 2.98% | 7.52% | -12.04% | |
50 Neutral | $7.53B | ― | -76.34% | ― | 95.41% | -97.85% | |
50 Neutral | $3.05B | ― | -170.20% | ― | -10.15% | -67.68% | |
50 Neutral | $1.10B | ― | -77.89% | ― | 4.19% | -65.44% | |
47 Neutral | $2.30B | ― | -753.98% | ― | 0.79% | -10.85% |
* Technology Sector Average
Performance Comparison
QUBT
Quantum Computing
8.01
7.23
926.92%
IONQ
IonQ
30.92
21.64
233.19%
QBTS
D-Wave Quantum
7.91
6.50
460.99%
RGTI
Rigetti Computing
10.63
9.24
664.75%
Quantum Computing Earnings Call Summary
Earnings Call Date:Mar 20, 2025
(Q4-2024)
| % Change Since: 8.39%|
Next Earnings Date:May 08, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant partnerships and financial strengthening, particularly with NASA and the photonic chip foundry. However, challenges were noted in terms of decreased revenue, increased operating expenses, and a higher net loss. The positive advancements and strong financial position suggest potential for growth, but the financial metrics indicate existing hurdles.Q4-2024 Updates
Positive Updates
Expansion of NASA Partnership
Secured fifth task order with NASA for developing quantum modeling and removal of solar noise using the Dirac-3 machine. Additional contract for phase unwrapping using Dirac-3, enhancing data accuracy and efficiency in large-scale imaging applications.
Progress in Photonic Chip Foundry
Quantum Photonic Chip Foundry in Tempe, Arizona is in the final stage of commissioning and on schedule to begin production in early Q2. Secured multiple preorders and five purchase orders for TFLN photonic chips.
Significant Financial Strengthening
Cash and cash equivalents increased by $76.9 million to $78.9 million at year-end. Total assets rose to $153.6 million, and stockholders' equity increased to $107.3 million. Strengthened balance sheet with additional private placement for $100 million.
Improved Gross Margin
Gross margin improved significantly to 55%, up from 13% in the fourth quarter of 2023, driven by focus on reducing direct cost of goods sold.
Negative Updates
Decrease in Revenue
Fourth quarter 2024 revenues totaled approximately $62,000 compared to $75,000 in the prior-year quarter.
Increased Operating Expenses
Operating expenses for the fourth quarter totaled $8.9 million compared to $6.6 million in the same quarter last year, primarily due to higher employee-based expenses and increased depreciation.
Higher Net Loss
Reported a net loss attributable to common stockholders of $51.2 million compared to a net loss of $6.8 million in the prior-year quarter, primarily due to non-cash charges related to warrant liability.
Company Guidance
In the fourth quarter of 2024, Quantum Computing Inc. (QCi) made significant operational and financial strides, positioning itself for strong growth in 2025. The company's focus on quantum solutions and foundry services led to a transformed balance sheet, with total assets increasing to $153.6 million, up from $74.4 million in 2023. QCi's cash and cash equivalents rose to $78.9 million, thanks to $92.1 million raised in common stock offerings. Revenue for the quarter was approximately $62,000, with a notable improvement in gross margin to 55% from 13% in the previous year. Operating expenses increased to $8.9 million, driven by higher employee-related costs and depreciation. The company reported a net loss of $51.2 million, largely due to non-cash charges related to a warrant liability from a previous merger. QCi's international presence is expanding, with offshore orders for its photonic chips, while domestic focus remains strong for its quantum machines. The company is on track to begin production at its Quantum Photonic Chip Foundry in early Q2 2025, aiming to fulfill customer preorders and drive revenue growth.Quantum Computing Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Quantum Computing CEO Dr. William McGann Announces Retirement
Neutral
Apr 16, 2025
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.
Spark’s Take on QUBT Stock
According to Spark, TipRanks’ AI Analyst, QUBT is a Neutral.
Quantum Computing faces significant financial challenges, especially in profitability and cash flow, which heavily impact its overall score. While recent corporate events and technical indicators suggest some positive momentum, the lack of profitability and challenging valuation metrics weigh heavily on the stock’s attractiveness.
To see Spark’s full report on QUBT stock, click here.
Executive/Board ChangesBusiness Operations and Strategy
Quantum Computing Appoints Eric M. Schwartz to Board
Positive
Mar 26, 2025
On March 26, 2025, Quantum Computing Inc. announced the appointment of Eric M. Schwartz to its Board of Directors. Schwartz, who brings two decades of experience in corporate finance, mergers and acquisitions, and corporate strategy, is expected to aid in the company’s strategic growth. His expertise in commercialization and manufacturing scale-up is seen as a valuable asset as QCi aims to enhance its market positioning and bring its TFLN chip foundry online. This appointment is anticipated to strengthen QCi’s efforts in building market acceptance for its quantum machines and creating lasting shareholder value.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.