Quantum Computing Inc. (QUBT)
NASDAQ:QUBT
Top Page
Quantum Computing
(NASDAQ:QUBT)
Select Model
Select Model
Rating:51Neutral
Price Target:
$9.50
▲(1.06% Upside)
Action:ReiteratedDate:04/16/26
The score is held back primarily by weak profitability and ongoing cash burn despite early revenue traction, with valuation also constrained by losses (negative P/E). Offsetting these risks are a very strong balance sheet and a moderately constructive earnings update around near-term revenue contribution from the Luminar Semiconductor acquisition, while technicals are mixed with short-term strength but longer-term trend pressure.
Positive Factors
Balance sheet strength
Quantum’s roughly $1.52B of cash and investments and $1.6B of equity provide a durable capital cushion and very low leverage. That financial flexibility funds integration, R&D and prototype‑to‑scale transitions, reduces near‑term dilution risk, and supports multi‑year fab and product investments.
Negative Factors
Negative cash flow / cash burn
Cash generation remains a material headwind: operating and free cash flow are consistently negative and cash burn rose in 2025. The company still depends on external funding to sustain operations; if revenue growth lags, additional raises or austerity measures will be needed, increasing dilution and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Quantum’s roughly $1.52B of cash and investments and $1.6B of equity provide a durable capital cushion and very low leverage. That financial flexibility funds integration, R&D and prototype‑to‑scale transitions, reduces near‑term dilution risk, and supports multi‑year fab and product investments.
Read all positive factors
Quantum Computing (QUBT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.11B
Dividend YieldN/A
Average Volume (3M)9.31M
Price to Earnings (P/E)―
Beta (1Y)1.88
Revenue Growth41.51%
EPS Growth-111.74%
CountryUS
Employees41
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.01
Shares Outstanding224,538,250
10 Day Avg. Volume7,204,300
30 Day Avg. Volume9,312,005
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)1.06
Price to Sales (P/S)2474.62
P/FCF Ratio-45.63
Enterprise Value/Market Cap0.26
Enterprise Value/Revenue802.09
Enterprise Value/Gross Profit-602.45
Enterprise Value/Ebitda-39.20
Forecast
1Y Price Target
$17.40Price Target Upside85.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.2
Revenue Forecast (FY)$18.68M
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...
How the Company Makes Money
null...
Quantum Computing Earnings Call Summary
Earnings Call Date:Mar 02, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The call presented meaningful operational and financial progress: rapid balance-sheet strengthening (>$1.5B raised/held), a sharp reduction in reported net loss, early commercial revenue from Fab 1 foundry services, product milestones (Neurawave) and the strategic acquisition of LSI with early integration momentum. Offsetting these positives are the still-minuscule reported revenue relative to elevated operating expenses, expected near-term SG&A and integration spending, lack of formal revenue guidance, and multi-year uncertainty and significant CapEx required for Fab 2. Overall, the update shows strong strategic and financial positioning but also near-term execution and scaling risks that leave outcomes uncertain.Positive Updates
Sequential Revenue Growth in Q4
Q4 revenue of $198,000 versus $62,000 in the prior-year quarter, a year-over-year increase of ~219.4%, driven primarily by hardware sales and early foundry services contributions from Fab 1.
Negative Updates
Revenue Remains Very Small Relative to Costs
Q4 revenue of $198,000 covered a very small portion of quarterly operating expenses ($22.1M), with operating expenses roughly 111.6x Q4 revenue, highlighting limited near-term revenue scale from current operations.
Read all updates
Q4-2025 Updates
Positive
Negative
Sequential Revenue Growth in Q4
Q4 revenue of $198,000 versus $62,000 in the prior-year quarter, a year-over-year increase of ~219.4%, driven primarily by hardware sales and early foundry services contributions from Fab 1.
Read all positive updates
Company Guidance
Management gave no formal revenue guidance but outlined near-term priorities and quantified expectations: Luminar Semiconductor (closed Feb 2026) should begin contributing revenue in Q1 2026 (analysts have modeled ~$20–25M/year), Fab 2 is in planning with major CapEx likely “several hundred million” and material outlays not expected in 2026 (timing 2–3 years out), and SG&A and headcount will grow as the company scales foundry services, R&D, engineering, manufacturing and sales. They emphasized preserving capital after raising $750M in October (37M shares) and $1.55B total capital raised in 2025, ending 2025 with cash $738M and investments $783M (~$1.52B), total assets $1.6B (up from $154M at 2024 year‑end), and stockholders’ equity $1.6B; FY 2025 interest income was $20.7M (Q4 interest income ~$13.6M) and Q4 results included revenue ~$198K (vs. $62K LY), operating expenses $22.1M (vs. $8.9M LY), a Q4 net loss of $1.6M ($0.01/sh) and FY 2025 net loss $18.7M ($0.11/sh) (vs. $68.5M, $0.73/sh in 2024).Quantum Computing Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 682.00K | 373.00K | 358.00K | 136.00K | 0.00 |
| Gross Profit | 67.00K | -3.69M | -3.15M | -1.79M | -9.00K |
| EBITDA | -13.67M | -62.25M | -22.11M | -23.34M | -27.61M |
| Net Income | -18.67M | -68.54M | -27.02M | -25.98M | -27.90M |
Balance Sheet | |||||
| Total Assets | 1.62B | 153.56M | 74.36M | 78.51M | 17.28M |
| Cash, Cash Equivalents and Short-Term Investments | 1.12B | 78.94M | 2.06M | 5.31M | 16.74M |
| Total Debt | 1.81M | 1.18M | 2.77M | 10.16M | 18.08K |
| Total Liabilities | 20.66M | 46.27M | 5.65M | 13.39M | 1.08M |
| Stockholders Equity | 1.60B | 107.29M | 68.70M | 65.12M | 16.20M |
Cash Flow | |||||
| Free Cash Flow | -36.98M | -22.25M | -20.43M | -16.25M | -6.82M |
| Operating Cash Flow | -30.29M | -16.21M | -18.32M | -15.38M | -6.80M |
| Investing Cash Flow | -788.33M | -6.04M | -2.61M | -2.23M | -22.50K |
| Financing Cash Flow | 1.48B | 99.14M | 17.68M | 6.17M | 8.39M |
Quantum Computing Technical Analysis
Positive
9.40
Price Trends
7.79
Positive
9.67
Negative
13.33
Negative
Market Momentum
-0.18
Negative
60.26
Neutral
79.41
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 9.4 is above the 20-day moving average (MA) of 7.06, above the 50-day MA of 7.79, and below the 200-day MA of 13.33, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 60.26 is Neutral, neither overbought nor oversold. The STOCH value of 79.41 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.86B | 5.51 | -28.03% | ― | 113.07% | -555.52% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | $6.35B | -31.73 | -51.53% | ― | -36.98% | -238.63% | |
51 Neutral | $2.11B | -90.38 | -2.42% | ― | 41.51% | -111.74% | |
51 Neutral | $7.70B | -23.66 | -58.58% | ― | 156.20% | -218.56% |
* Technology Sector Average
QUBT
Quantum Computing
9.40
2.99
46.65%
IONQ
IonQ
43.25
18.68
76.03%
QBTS
D-Wave Quantum
20.81
14.37
223.14%
RGTI
Rigetti Computing
19.11
10.86
131.64%
Quantum Computing Corporate Events
Business Operations and StrategyM&A Transactions
Quantum Computing Acquires NuCrypt to Boost Communications Portfolio
Positive
Mar 5, 2026
On March 5, 2026, Quantum Computing Inc. completed a $5 million acquisition of NuCrypt, a specialist in quantum communications technology, in a deal paid in cash and stock that makes NuCrypt a wholly owned subsidiary. The transaction is intended t...
Business Operations and StrategyM&A Transactions
Quantum Computing Finalizes Luminar Semiconductor Acquisition Strategy Shift
Positive
Feb 3, 2026
On February 2, 2026, Quantum Computing Inc. completed the previously announced acquisition of Luminar Semiconductor Inc., a subsidiary of Luminar Technologies, in an all-cash transaction valued at $110 million, consisting of approximately $97.5 mi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.