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
Market Cap
$1.49B
P/E (TTM)
-25.6
26.3
Dividend Yield
--
52W High
$25.84
52W Low
$4.37
52W Range
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)
NSIT$8.27B
EEFT$4.18B
$974.60M
Gross Margin (Latest Quarter)
ASAN88.9%
EEFT83.6%
77.5%
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 | $3.24B | 11.3 | 23.6% | 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%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 14, 2025|Revenue: $61.00K-66.7%|EPS: $-0.26+368.5%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 15, 2025|Revenue: $39.00K+44.4%|EPS: $0.13-265.4%MeetForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 20, 2025|Revenue: $373.00K+4.2%|EPS: $-0.73-73.8%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 6, 2024|Revenue: $101.00K+102.0%|EPS: $-0.06-38.1%MeetForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Oct 2, 2024|Revenue: $27.00K-77.7%|EPS: $-0.08-28.5%MeetForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Oct 2, 2024|Revenue: $183.00K+63.4%|EPS: $-0.06-53.8%MeetForm 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