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Quantum Computing Inc.

Quantum Computing Inc.

NASDAQ•QUBT
CEO: Dr. William J. McGann Ph.D.
Sector: Technology
Industry: Computer Hardware
Listing Date: 2007-02-01
Quantum Computing Inc., an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure. The company was formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was incorporated in 2018 and is based in Hoboken, New Jersey.
Contact Information
5 Marine View Plaza, Suite 214, Hoboken, NJ, 07030, United States
703-436-2121
www.quantumcomputinginc.com
Market Cap
$1.49B
P/E (TTM)
-25.6
26.3
Dividend Yield
--
52W High
$25.84
52W Low
$4.37
52W Range
30%
Rank74Top 98.3%
1.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$384.00K+280.20%
4-Quarter Trend

EPS

$0.01-116.39%
4-Quarter Trend

FCF

-$11.52M+126.30%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Strong 56% Total revenue reached $484K (9M 2025), marking a 56% increase from $311K in the prior comparable period.
Gross Margin Significantly Improved Gross margin expanded to 34% of revenue for nine months 2025, up from 25% in 2024, driven by favorable mix.
Major Equity Financing Closed Net cash provided by financing activities totaled $758.94M for nine months 2025, reflecting substantial recent equity placements.
Working Capital Boosted Working capital increased to $559.16M by September 30, 2025, up $484.57M due to net proceeds from equity sales.

Risk Factors

Operating Losses Widening Loss from operations grew to $(28.86M) for nine months 2025, representing a 70% increase in operating deficit year-over-year.
Extensive Legal Contingencies Company faces multiple shareholder derivative actions and a Securities Class Action, requiring vigorous defense and management focus.
High R&D Spending Research and development expenses were $13.47M (9M 2025), increasing 105% as development accelerates for key technologies.
Warrant Liability Valuation Risk QPhoton Warrants are Level 3 liabilities with a $14.7M carrying value, subject to mark-to-market adjustments based on stock price.

Outlook

Recent $750M Placement October 2025 Placement closed, raising approximately $750M gross proceeds to fund operations and strategic growth initiatives.
Core Technology Migration Completed buildout of state-of-the-art TFLN chip manufacturing facility in March 2025 to migrate product designs.
Sufficient Liquidity Runway Cash and investments total $813M as of September 30, 2025, expected to meet liquidity needs for at least next 12 months.

Peer Comparison

Revenue (TTM)

Insight Enterprises, Inc.NSIT
$8.27B
-6.7%
Euronet Worldwide, Inc.EEFT
$4.18B
+7.2%
Tenable Holdings, Inc.TENB
$974.60M
+11.1%

Gross Margin (Latest Quarter)

Asana, Inc.ASAN
88.9%
-0.3pp
Euronet Worldwide, Inc.EEFT
83.6%
+56.7pp
Tenable Holdings, Inc.TENB
77.5%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ASAN$3.43B-15.7-100.0%25.5%
ONDS$3.40B-53.0-29.2%3.3%
EEFT$3.24B11.323.6%39.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
83.6%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 19, 2026
|
EPS:-$0.04
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 14, 2025|
    Revenue: $384.00K+280.2%
    |
    EPS: $0.01-116.4%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 14, 2025|
    Revenue: $61.00K-66.7%
    |
    EPS: $-0.26+368.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 15, 2025|
    Revenue: $39.00K+44.4%
    |
    EPS: $0.13-265.4%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 20, 2025|
    Revenue: $373.00K+4.2%
    |
    EPS: $-0.73-73.8%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $101.00K+102.0%
    |
    EPS: $-0.06-38.1%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Oct 2, 2024|
    Revenue: $27.00K-77.7%
    |
    EPS: $-0.08-28.5%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Oct 2, 2024|
    Revenue: $183.00K+63.4%
    |
    EPS: $-0.06-53.8%
    Meet
  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Sep 11, 2024|
    Revenue: $358.00K+163.2%
    |
    EPS: $-0.42+12.5%
    Miss