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Financials · QUBT

Quantum Computing Inc. (QUBT) financials

For the twelve months ended Jun 30, 2026, Quantum Computing Inc. reported $9.82M of revenue and -$14.98M of net income.

Revenue, TTM
$9.82M
Revenue growth, YoY
+3635.4%
Net income, TTM
-$14.98M
Net margin
-152.5%
Free cash flow, TTM
-$51.48M
Cash
$189.15M
P/S
145.72
Market cap
$1.43B
Annual revenue$682.0K
FY2022FY2025
Annual net income-$18.67M
FY2017FY2025
Annual free cash flow-$36.98M
FY2018FY2025

QUBT revenue and earnings growth

QUBT revenueQ2 2026$5.55M

Quarter YoY
91x
QoQ
+50.4%
FY YoY
+82.8%

QUBT revenue was $5.55M in fiscal Q2 2026 (ended Jun 30, 2026), up about 91-fold from a year earlier and up 50.4% from the prior quarter. For the full fiscal 2025 it was $682.0K, up 82.8% from fiscal 2024. It rose in each of the last 3 fiscal years.

QUBT net incomeQ2 2026-$11.75M

QUBT net income was -$11.75M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$36.48M a year earlier. For the full fiscal 2025 it was -$18.67M, compared with -$68.54M in fiscal 2024.

QUBT EPSQ2 2026-$0.05

QUBT diluted EPS was -$0.05 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$0.11.

QUBT free cash flowQ2 2026-$16.54M

QUBT free cash flow was -$16.54M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$7.13M a year earlier. For the full fiscal 2025 it was -$36.98M, compared with -$22.25M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$682.0K$373.0K$358.0K$136.0K-----
Cost of revenue$615.0K$261.0K$196.0K$61.0K-----
Gross profit$67.0K$112.0K$162.0K$75.0K-----
Research and development$20.47M$11.32M$8.89M$5.22M$2.59M$1.54M$891.1K$250.6K-
Selling, general and admin$27.24M$12.91M$15.71M$21.41M$1.58M$2.16M---
Operating income-$51.08M-$25.94M-$26.24M-$28.64M-$17.13M-$17.34M-$2.55M-$5.80M-$175.0K
Interest expense$65.0K$2.50M$1.60M$772.0K-----
Pre-tax income-$18.67M-$68.54M-$27.02M-$25.98M-----
Net income-$18.67M-$68.54M-$27.02M-$25.98M-$27.90M-$24.73M-$8.38M-$10.51M-$175.0K
EPS, basic-$0.11-$0.73-$0.42-$0.73-$0.72-$0.66-$0.85-$1.67-$0.14
EPS, diluted-$0.11-$0.73-$0.42-$0.73-$0.72-$0.66-$0.85-$1.67-$0.14
Diluted shares164,49293,88166,61136.7M38.9M37.3M9.8M6.3M1.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$737.88M$78.94M$2.06M$5.31M$16.74M$15.20M$101.1K$1.77M-
Short-term investments$379.42M--------
Receivables$519.0K$27.0K$65.0K$13.0K-----
Inventory$352.0K$18.0K$73.0K------
Current assets$1.13B$79.15M$2.66M$5.45M$17.22M----
Goodwill$55.57M$55.57M$55.57M$55.57M-----
Total assets$1.62B$153.56M$74.36M$78.51M$17.28M$15.27M$148.2K$1.80M-
Current liabilities$11.07M$4.56M$4.81M$4.59M$1.08M----
Short-term debt--$1.93M$535.7K-----
Long-term debt---$7.86M-----
Total debt---$8.39M-----
Total liabilities$20.66M$46.27M$5.65M$13.39M$1.08M$693.2K$2.96M$3.31M$1.5K
Shareholders' equity$1.60B$107.29M$68.70M$65.12M$15.02M$14.57M-$2.81M-$1.52M-$1.5K

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow-$30.29M-$16.21M-$18.32M-$15.38M-$6.82M-$11.54M-$2.24M-$2.36M-
Capital expenditures$6.69M$6.04M$2.11M$870.0K$19.4K$12.0K$21.3K$7.0K-
Free cash flow-$36.98M-$22.25M-$20.43M-$16.25M-$6.84M-$11.55M-$2.27M-$2.37M-
Investing cash flow-$788.33M-$6.04M-$2.61M-$2.23M-$22.5K-$12.0K-$21.3K-$7.0K-
Financing cash flow$1.48B$99.14M$17.68M$6.17M$8.39M$26.65M$599.0K$4.13M-
Dividends paid-$215.0K$865.0K$787.0K-----
Stock-based compensation$8.66M$5.78M$4.27M$9.32M$10.20M$11.18M$214.9K$4.03M-
Depreciation and amortization$4.40M$3.80M$3.31M$1.86M$9.0K$6.6K$2.6K$117-

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY82.8%4.2%163.2%------
Gross margin9.8%30.0%45.3%55.1%-----
Operating margin-7489.3%-6953.6%-7330.4%-21062.5%-----
Net margin-2738.1%-18375.9%-7548.0%-19101.5%-----
Free cash flow margin-5422.9%-5964.9%-5705.9%-11947.1%-----
Return on equity-1.2%-63.9%-39.3%-39.9%-185.7%-169.7%---
Return on assets-1.2%-44.6%-36.3%-33.1%-161.4%-162.0%-5653.5%-584.7%-
Current ratio102.3817.360.551.1915.91----
Debt to equity---0.13-----

Source: XBRL data Quantum Computing Inc. files with the SEC, latest filing dated Aug 10, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 4-for-3, first reported Apr 1, 2024.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

QUBT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
QUBT$9.82M+3635.4%-$14.98M-152.5%$1.43B
MSFT$346.44B+17.9%$142.63B41.2%$3.94T
PLTR$7.29B+87.1%$3.67B50.3%$386.44B
ORCL$71.78B+21.6%$18.92B26.4%$351.04B
SAP€36.80B+7.7%€7.16B19.5%$286.79B
CRWD$5.40B+24.3%$58.46M1.1%$222.09B
SHOP$14.17B+32.5%$2.13B15.0%$191.58B
CRM$43.94B+11.2%$9.66B22.0%$175.83B
NOW$15.43B+21.8%$1.45B9.4%$105.84B

QUBT FAQ

8 questions
  • What is QUBT revenue?
    Quantum Computing Inc. (QUBT) reported $9.82M of revenue for the twelve months ended Jun 30, 2026. That is up 3635.4% from the year before. Revenue for fiscal 2025 was $682.0K.
  • Is QUBT profitable?
    No. Quantum Computing Inc. reported a net loss of $14.98M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does QUBT have?
    Quantum Computing Inc. reported $189.15M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is QUBT revenue growing?
    Quantum Computing Inc.'s revenue changed +82.8% in fiscal 2025, to $682.0K.
  • What is QUBT gross margin?
    Quantum Computing Inc.'s gross profit was -$1.86M on $9.82M of revenue for the twelve months ended Jun 30, 2026, a gross margin of -18.9%.
  • What is QUBT free cash flow?
    Quantum Computing Inc. generated -$51.48M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$43.06M less capital expenditures.
  • When did QUBT last report financial results?
    The latest statements here come from Quantum Computing Inc.'s 10-Q filed on Aug 10, 2026, covering the period ended Jun 30, 2026.
  • Where does this QUBT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Quantum Computing Inc. files with the SEC. It is provided for information only and is not investment advice.