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Quantum Computing Inc. (QUBT)
NASDAQ:QUBT
Top Page
Quantum Computing
(NASDAQ:QUBT)
46Neutral
Quantum Computing (QUBT) vs. S&P 500 (SPY)
Market Cap
$893.46M
Dividend YieldN/A
Average Volume (3M)20.55M
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth4.19%
EPS Growth-65.44%
CountryUS
Employees41
SectorTechnology
Sector Strength40
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.67
Shares Outstanding137,244,550
10 Day Avg. Volume16,702,674
30 Day Avg. Volume20,547,769
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1897.54
Price to Cash Flow (P/CF)-40.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$8.50Price Target Upside25.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Quantum Computing Business Overview & Revenue Model
Company DescriptionQuantum 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 on conventional computers, while being ready to run on quantum computers as well as provides multiple quantum processing units including DWave, Rigetti, and IonQ. It focuses on serving commercial and government entities. The company, formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was founded in 2018 and is based in Leesburg, Virginia.
How the Company Makes MoneyQuantum Computing (QUBT) generates revenue primarily through the sale and licensing of its quantum hardware and software solutions. The company offers a range of products, including quantum processors and software platforms, which it licenses to technology companies, research institutions, and government agencies seeking to harness the power of quantum computing for complex problem-solving and innovation. Additionally, QUBT provides consulting and professional services to businesses looking to integrate quantum technologies into their operations, generating additional service-based revenue. Strategic partnerships with leading tech companies and research institutions further contribute to its earnings by expanding its market reach and collaborative research opportunities.
Quantum Computing Financial Statement Overview
Summary
Quantum Computing shows potential in revenue growth but faces significant challenges in achieving profitability and positive cash flow. While the balance sheet is reasonably stable, ongoing losses and negative margins present a risk. The company needs to focus on improving operational efficiency and cash flow management to enhance financial health.Income Statement
Quantum Computing's income statement reveals a challenging financial position with consistently negative net income and operating losses. Despite a slight increase in revenue from $358,000 to $373,000 in the latest year, the company continues to face significant net losses, with a net profit margin of -183.77%. The EBIT and EBITDA margins are also deeply negative, indicating struggles in generating operational profitability.22
Negative
Balance Sheet
The balance sheet shows a mixed picture. The company's debt-to-equity ratio is relatively low at 0.01, indicating limited leverage, which is a positive aspect. However, the return on equity is negative due to substantial losses, and the equity ratio stands at 69.87%, reflecting moderate financial stability but limited asset growth.35
Negative
Cash Flow
Cash flow analysis indicates challenges with negative free cash flow, though there is a significant improvement in cash positions due to increased financing activities. The operating cash flow to net income ratio remains negative, highlighting ongoing operational cash consumption.40
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 373.00K | 358.00K | 135.65K | 0.00 | 0.00 | Gross Profit |
| 112.00K | 162.00K | 74.71K | -9.00K | -6.61K | EBIT |
| -25.94M | -26.24M | -36.58M | -17.13M | -17.34M | EBITDA |
| -62.25M | -22.11M | -23.34M | -17.12M | -17.34M | Net Income Common Stockholders |
| -68.54M | -27.02M | -2.05B | -38.89M | -33.55M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 78.94M | 2.06M | 3.79M | 16.74M | 15.20M | Total Assets |
| 153.56M | 74.36M | 89.30M | 17.28M | 15.27M | Total Debt |
| 1.18M | 2.77M | 9.53M | 18.08K | 218.37K | Net Debt |
| -77.76M | 706.00K | 5.73M | -16.72M | -14.98M | Total Liabilities |
| 46.27M | 5.65M | 14.40M | 1.08M | 693.21K | Stockholders Equity |
| 107.29M | 68.70M | 74.90M | 16.20M | 14.57M |
| Cash Flow | Free Cash Flow | |||
| -22.25M | -20.43M | -18.43M | -6.82M | -11.55M | Operating Cash Flow |
| -16.21M | -18.32M | -17.56M | -6.80M | -11.54M | Investing Cash Flow |
| -6.04M | -2.61M | -2.23M | -40.58K | -11.97K | Financing Cash Flow |
| 99.14M | 17.68M | 8.35M | 8.39M | 26.65M |
Quantum Computing Technical Analysis
Negative
6.77
Price Trends
7.58
Negative
8.93
Negative
4.83
Positive
Market Momentum
0.19
Negative
51.34
Neutral
62.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QUBT, the sentiment is Negative. The current price of 6.77 is below the 20-day moving average (MA) of 7.51, below the 50-day MA of 7.58, and above the 200-day MA of 4.83, indicating a neutral trend. The MACD of 0.19 indicates Negative momentum. The RSI at 51.34 is Neutral, neither overbought nor oversold. The STOCH value of 62.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | $18.52B | 9.81 | -13.96% | 2.71% | 5.07% | -23.65% | |
53 Neutral | $1.85B | ― | -753.98% | ― | 0.79% | -10.85% | |
46 Neutral | $893.46M | ― | -77.89% | ― | 4.19% | -65.44% | |
44 Neutral | $4.61B | ― | -76.34% | ― | 95.41% | -97.85% | |
43 Neutral | $2.14B | ― | -170.20% | ― | -10.15% | -67.68% |
* Technology Sector Average
Performance Comparison
QUBT
Quantum Computing
6.21
5.31
590.00%
IONQ
IonQ
21.28
12.88
153.33%
QBTS
D-Wave Quantum
6.22
4.35
232.62%
RGTI
Rigetti Computing
7.72
6.37
471.85%
Quantum Computing Earnings Call Summary
Earnings Call Date: Mar 20, 2025 | % Change Since: -8.39% | Next Earnings Date: May 8, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant partnerships and financial strengthening, particularly with NASA and the photonic chip foundry. However, challenges were noted in terms of decreased revenue, increased operating expenses, and a higher net loss. The positive advancements and strong financial position suggest potential for growth, but the financial metrics indicate existing hurdles.Highlights
Expansion of NASA Partnership
Secured fifth task order with NASA for developing quantum modeling and removal of solar noise using the Dirac-3 machine. Additional contract for phase unwrapping using Dirac-3, enhancing data accuracy and efficiency in large-scale imaging applications.
Progress in Photonic Chip Foundry
Quantum Photonic Chip Foundry in Tempe, Arizona is in the final stage of commissioning and on schedule to begin production in early Q2. Secured multiple preorders and five purchase orders for TFLN photonic chips.
Significant Financial Strengthening
Cash and cash equivalents increased by $76.9 million to $78.9 million at year-end. Total assets rose to $153.6 million, and stockholders' equity increased to $107.3 million. Strengthened balance sheet with additional private placement for $100 million.
Improved Gross Margin
Gross margin improved significantly to 55%, up from 13% in the fourth quarter of 2023, driven by focus on reducing direct cost of goods sold.
Lowlights
Decrease in Revenue
Fourth quarter 2024 revenues totaled approximately $62,000 compared to $75,000 in the prior-year quarter.
Increased Operating Expenses
Operating expenses for the fourth quarter totaled $8.9 million compared to $6.6 million in the same quarter last year, primarily due to higher employee-based expenses and increased depreciation.
Higher Net Loss
Reported a net loss attributable to common stockholders of $51.2 million compared to a net loss of $6.8 million in the prior-year quarter, primarily due to non-cash charges related to warrant liability.
Company Guidance
In the fourth quarter of 2024, Quantum Computing Inc. (QCi) made significant operational and financial strides, positioning itself for strong growth in 2025. The company's focus on quantum solutions and foundry services led to a transformed balance sheet, with total assets increasing to $153.6 million, up from $74.4 million in 2023. QCi's cash and cash equivalents rose to $78.9 million, thanks to $92.1 million raised in common stock offerings. Revenue for the quarter was approximately $62,000, with a notable improvement in gross margin to 55% from 13% in the previous year. Operating expenses increased to $8.9 million, driven by higher employee-related costs and depreciation. The company reported a net loss of $51.2 million, largely due to non-cash charges related to a warrant liability from a previous merger. QCi's international presence is expanding, with offshore orders for its photonic chips, while domestic focus remains strong for its quantum machines. The company is on track to begin production at its Quantum Photonic Chip Foundry in early Q2 2025, aiming to fulfill customer preorders and drive revenue growth.Quantum Computing Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Quantum Computing Appoints Eric M. Schwartz to Board
Positive
Mar 26, 2025
On March 26, 2025, Quantum Computing Inc. announced the appointment of Eric M. Schwartz to its Board of Directors. Schwartz, who brings two decades of experience in corporate finance, mergers and acquisitions, and corporate strategy, is expected to aid in the company’s strategic growth. His expertise in commercialization and manufacturing scale-up is seen as a valuable asset as QCi aims to enhance its market positioning and bring its TFLN chip foundry online. This appointment is anticipated to strengthen QCi’s efforts in building market acceptance for its quantum machines and creating lasting shareholder value.
Private Placements and Financing
Quantum Computing Inc. Announces $100M Private Placement
Positive
Jan 8, 2025
Quantum Computing Inc. has announced a private placement of 8,163,266 shares of common stock at $12.25 per share, expected to raise $100 million in gross proceeds. The funds will enhance QCi’s financial position, supporting their growth plan and investment in thin-film lithium niobate photonic chips and quantum computing markets.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.