QUANTUM COMPUTING INC. financials
Source: EDGAR filings · Built 2026-06-02T03:54:17Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -36.98M | -22.25M | -20.43M | -16.25M | -6.84M | -11.55M |
| EBITDA | -46.67M | -22.14M | -22.94M | -26.78M | -17.12M | -17.34M |
| Working Capital | 1.12B | 74.59M | -2.16M | 857.00K | 16.14M | — |
| Net Debt | -735.30M | -77.33M | 826.00K | 5.52M | -16.45M | — |
| Gross Margin | 9.82% | 30.03% | 45.25% | 55.15% | — | — |
| Operating Margin | -7489.30% | -6953.62% | -7330.45% | -21062.50% | — | — |
| Net Margin | -2738.12% | -18375.87% | -7548.04% | -19101.47% | — | — |
| Return on Equity (ROE) | -1.17% | -63.89% | -39.33% | -39.89% | -185.72% | -169.71% |
| Return on Assets (ROA) | -1.15% | -44.64% | -36.34% | -33.09% | -161.41% | -162.00% |
| Current Ratio | 102.38× | 17.36× | 0.55× | 1.19× | 15.91× | — |
| Debt-to-Equity | 0.00× | 0.02× | 0.04× | 0.17× | 0.02× | — |
| Cash Conversion Ratio | 1.62× | 0.24× | 0.68× | 0.59× | 0.24× | 0.47× |
| Accruals Ratio | 0.01× | -0.34× | -0.12× | -0.14× | -1.22× | -0.86× |
| SBC % of Revenue | 1269.65% | 1550.13% | 1193.02% | 6855.15% | — | — |
| CapEx Coverage | -4.53× | -2.69× | -8.67× | -17.68× | -351.87× | -963.88× |
| Free Cash Flow Per Share | $-0.22 | $-0.24 | $-0.31 | $-0.44 | $-0.23 | $-0.41 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 682.00K | 373.00K | 358.00K | 136.00K | — | — |
| Cost of Revenue | 615.00K | 261.00K | 196.00K | 61.00K | — | — |
| Gross Profit | 67.00K | 112.00K | 162.00K | 75.00K | — | — |
| Research and Development Expense | 20.47M | 11.32M | 8.89M | 5.22M | 2.59M | 1.54M |
| Selling, General and Administrative Expense | — | — | 15.71M | 21.41M | 1.58M | 2.16M |
| Operating Expenses | 51.14M | 26.05M | 26.41M | 28.72M | 17.13M | 17.34M |
| Operating Income (Loss) | -51.08M | -25.94M | -26.24M | -28.64M | -17.13M | -17.34M |
| Net Income (Loss) Attributable to Parent | -18.67M | -68.54M | -27.02M | -25.98M | -27.90M | -24.73M |
| Earnings Per Share, Basic | $-0.11 | $-0.73 | $-0.42 | $-0.73 | $-0.96 | — |
| Weighted Average Number of Shares Outstanding, Basic | 164.49M | 93.88M | 66.61M | 36.68M | 29.16M | — |
| Earnings Per Share, Diluted | $-0.11 | $-0.73 | $-0.42 | $-0.73 | $-0.96 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 164.49M | 93.88M | 66.61M | 36.68M | 29.16M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 737.88M | 78.94M | 2.06M | 5.31M | 16.74M | 15.20M |
| Assets, Current | 1.13B | 79.15M | 2.66M | 5.45M | 17.22M | — |
| Assets | 1.62B | 153.56M | 74.36M | 78.51M | 17.28M | 15.27M |
| Liabilities, Current | 11.07M | 4.56M | 4.81M | 4.59M | 1.08M | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | 7.86M | — | — |
| Liabilities | 20.66M | 46.27M | 5.65M | 13.39M | 1.08M | 693.21K |
| Stockholders' Equity Attributable to Parent | 1.60B | 107.29M | 68.70M | 65.12M | 15.02M | 14.57M |
| Common Stock, Shares, Outstanding | 224.16M | 129.01M | 77.45M | 55.96M | 29.16M | 27.97M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -30.29M | -16.21M | -18.32M | -15.38M | -6.82M | -11.54M |
| Payments to Acquire Property, Plant, and Equipment | 6.69M | 6.04M | 2.11M | 870.00K | 19.39K | 11.97K |
| Net Cash Provided by (Used in) Investing Activities | -788.33M | -6.04M | -2.61M | -2.23M | -22.50K | -11.97K |
| Payments of Dividends | — | 215.00K | 865.00K | 787.00K | — | — |
| Net Cash Provided by (Used in) Financing Activities | 1.48B | 99.14M | 17.68M | 6.17M | 8.39M | 26.65M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -11.24M | -12.17M | -24.81M | -13.29M | -6.16M | -6.64M |
| EBITDA | -18.58M | -20.85M | -9.23M | — | -7.31M | -7.66M |
| Working Capital | 990.00M | 1.12B | 559.16M | 346.25M | 163.50M | 74.59M |
| Net Debt | -252.27M | -735.30M | -349.85M | -346.59M | -164.91M | -77.33M |
| Gross Margin | -19.53% | -49.49% | 32.81% | 42.62% | 33.33% | 54.84% |
| Operating Margin | -556.76% | -11220.20% | -2709.38% | -16673.77% | -21246.15% | -14377.42% |
| Net Margin | -109.73% | -785.86% | 620.31% | -59806.56% | 43543.59% | -82640.32% |
| Return on Equity (ROE) | -0.25% | -0.10% | 0.27% | -9.21% | 7.69% | -47.76% |
| Return on Assets (ROA) | -0.25% | -0.10% | 0.27% | -8.56% | 7.00% | -33.37% |
| Current Ratio | 66.67× | 102.38× | 154.87× | 88.17× | 44.69× | 17.36× |
| Debt-to-Equity | 0.00× | 0.00× | 0.00× | 0.01× | 0.01× | 0.02× |
| Cash Conversion Ratio | 2.33× | 7.08× | -8.09× | 0.29× | -0.26× | 0.07× |
| Accruals Ratio | 0.00× | 0.01× | 0.02× | -0.06× | 0.09× | -0.31× |
| SBC % of Revenue | 33.76% | 1223.74% | 1623.96% | 5188.52% | 3556.41% | 5003.23% |
| CapEx Coverage | -5.17× | -9.53× | -3.48× | -3.82× | -2.56× | -1.32× |
| Free Cash Flow Per Share | $-0.05 | $-0.07 | $-0.15 | $-0.09 | $-0.04 | $-0.07 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 3.69M | 198.00K | 384.00K | 61.00K | 39.00K | 62.00K |
| Cost of Revenue | 4.41M | 296.00K | 258.00K | 35.00K | 26.00K | 28.00K |
| Gross Profit | -721.00K | -98.00K | 126.00K | 26.00K | 13.00K | 34.00K |
| Research and Development Expense | 6.97M | 7.00M | 4.51M | 5.97M | 2.98M | 4.76M |
| Operating Expenses | 19.83M | 22.12M | 10.53M | 10.20M | 8.30M | 8.95M |
| Operating Income (Loss) | -20.55M | -22.22M | -10.40M | -10.17M | -8.29M | -8.91M |
| Net Income (Loss) Attributable to Parent | -4.05M | -1.56M | 2.38M | -36.48M | 16.98M | -51.24M |
| Earnings Per Share, Basic | $-0.02 | $0.01 | $0.01 | $-0.26 | $0.13 | $-0.54 |
| Weighted Average Number of Shares Outstanding, Basic | 223.99M | 164.49M | 160.40M | 141.40M | 135.22M | 93.88M |
| Earnings Per Share, Diluted | $-0.02 | $0.01 | $0.01 | $-0.26 | $0.11 | $-0.54 |
| Weighted Average Number of Shares Outstanding, Diluted | 223.99M | 164.49M | 166.83M | 141.40M | 153.01M | 93.88M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 257.71M | 737.88M | 352.44M | 348.76M | 166.43M | 78.94M |
| Assets, Current | 1.01B | 1.13B | 562.79M | 350.23M | 167.24M | 79.15M |
| Assets | 1.62B | 1.62B | 898.17M | 426.08M | 242.53M | 153.56M |
| Liabilities, Current | 15.07M | 11.07M | 3.63M | 3.97M | 3.74M | 4.56M |
| Liabilities | 23.35M | 20.66M | 20.32M | 30.10M | 21.71M | 46.27M |
| Stockholders' Equity Attributable to Parent | 1.60B | 1.60B | 877.85M | 395.98M | 220.83M | 107.29M |
| Common Stock, Shares, Outstanding | 225.49M | 224.16M | 186.91M | 157.91M | 137.32M | 129.01M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -9.42M | -11.02M | -19.28M | -10.53M | -4.43M | -3.77M |
| Payments to Acquire Property, Plant, and Equipment | 1.82M | 1.16M | 5.53M | 2.76M | 1.73M | 2.87M |
| Net Cash Provided by (Used in) Investing Activities | -474.25M | -322.16M | -466.17M | -2.76M | -1.73M | -2.87M |
| Payments of Dividends | — | — | — | — | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | 3.51M | 718.62M | 758.94M | 283.10M | 93.65M | 82.52M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (QUBT CIK 0001758009),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.