Quantum Computing Inc

Quantum Computing Inc operates with a highly leveraged equity structure, as evidenced by a price-to-book ratio of 38.03 and a price-to-tangible-book ratio of 38.03, both significantly above the median for the Software industry. The company's liquidity position is weak, with negative operating cash flow of -$7.86 million and free cash flow of -$5.4 million, despite holding $2.53 million in cash and equivalents. The current ratio of 1.18 suggests limited short-term liquidity cushion.

Profitability metrics are deeply negative, with a return on equity of -7.18% and return on assets of -6.84%, both far below the Software industry median. The company reported a net loss of $51.94 million on revenue of $183 million, with a gross margin of 31.7% but an operating margin of -287.8%. These results indicate significant operational inefficiencies and cost overruns.

The company's revenue is concentrated in undisclosed segments and geographic regions, as no segment or geographic breakdown is provided in the latest financials. This lack of transparency increases exposure to unquantified risks, particularly in a nascent industry like quantum computing.

Growth trajectory is unclear, as the company has not provided historical revenue data for trend analysis. The absence of a clear path to profitability and the high cost of R&D and capital expenditures suggest a speculative growth profile. The company's capex of -$2.66 million indicates ongoing investment in infrastructure, but the long-term value proposition remains unproven.

Risk factors include a high price-to-revenue ratio of 15,021.86 and a negative EV/EBITDA of -521.93, both of which signal speculative valuations. The company has no long-term debt, but its equity structure is vulnerable to dilution, with 225.5 million shares outstanding. No immediate dilution or liquidity flags were detected, but the absence of a clear path to positive cash flow remains a critical risk.

Recent events include the publication of the latest financials, which show continued losses and negative cash flows. No material filings or transcripts were disclosed in the input data, limiting visibility into management's strategic direction or operational updates.

This is the first analysis for Quantum Computing Inc (QUBT.O), meaning there is no prior basis for computing material changes or deltas in the company's profile. Consequently, no specific shifts in operational metrics, financial performance, or strategic direction can be identified from the available data. The company currently exhibits a lack of external financial scrutiny and institutional presence. There are zero analysts covering the stock, and it holds no membership in any major indices. Additionally, the data indicates zero top holders and zero officers recorded in the current profile, suggesting a limited public footprint or data availability regarding its leadership and shareholder base. Market attention and news flow have been entirely absent over the recent 30-day period. From May 25, 2026, through June 14, 2026, the daily dispatch count remained at zero, with no sentiment data recorded for any of these dates. This indicates a complete lack of recent news coverage or public commentary regarding the ticker during this timeframe. Given the absence of material changes, watcher signals, or cross-source activity, there are no immediate developments to assess for investors. The current profile reflects a static state with no new information to drive valuation changes or strategic reassessments.

Analysts project 62.5% upside to a mean price target of $17.00, reflecting strong buy consensus among five analysts.

Revenue surged 82.8% year-over-year to $682,000 in FY2026, demonstrating accelerating top-line growth momentum.

The company maintains a low leverage band with zero long-term debt, minimizing financial risk and dilution concerns.

Cash conversion ratio of 1.51 exceeds the software cohort median of 0.92, indicating superior cash flow efficiency.

Net margin of -28.4% places the company in the bottom quartile compared to 792 software peers.

Capex to revenue ratio of -14.5% ranks in the bottom quartile, suggesting inefficient capital deployment relative to peers.

Revenue $3.7M, +9 364,1% YoY; Operating income −148,0% YoY.

• ▍Revenue $3.7M, +9 364,1% YoY
• ▍Operating income −148,0% YoY
• ▍Net income −123,8% YoY
• ▍Free cash flow −123,9% YoY
• ▍Net margin -109.7%

Revenue $198.0k, +219,3% YoY; Operating income −149,2% YoY.

• ▍Revenue $198.0k, +219,3% YoY
• ▍Operating income −149,2% YoY
• ▍Net income +97,0% YoY
• ▍Free cash flow +97,5% YoY
• ▍Net margin -785.9%

Revenue $384.0k, +280,2% YoY; Operating income −91,3% YoY.

• ▍Revenue $384.0k, +280,2% YoY
• ▍Operating income −91,3% YoY
• ▍Net income +142,0% YoY
• ▍Free cash flow +114,6% YoY
• ▍Net margin 620.3%

Revenue $61.0k, −66,7% YoY; Operating income −93,1% YoY.

• ▍Revenue $61.0k, −66,7% YoY
• ▍Operating income −93,1% YoY
• ▍Net income −602,4% YoY
• ▍Free cash flow −578,1% YoY
• ▍Net margin -59806.6%

Revenue $39.0k; Operating income -$8.3M.

• ▍Revenue $39.0k
• ▍Operating income -$8.3M
• ▍Net margin 43543.6%

Revenue $62.0k; Operating income -$8.9M.

• ▍Revenue $62.0k
• ▍Operating income -$8.9M
• ▍Net margin -82640.3%

Revenue $101.0k; Operating income -$5.4M.

• ▍Revenue $101.0k
• ▍Operating income -$5.4M
• ▍Net margin -5618.8%

Revenue $183.0k; Operating income -$5.3M.

• ▍Revenue $183.0k
• ▍Operating income -$5.3M
• ▍Net margin -2838.3%

Revenue $682.0k, +82,8% YoY; Operating income −96,9% YoY.

• ▍Revenue $682.0k, +82,8% YoY
• ▍Operating income −96,9% YoY
• ▍Net income +72,8% YoY
• ▍Free cash flow +70,5% YoY
• ▍Net margin -2738.1%

Revenue $373.0k, +4,2% YoY; Operating income +1,2% YoY.

• ▍Revenue $373.0k, +4,2% YoY
• ▍Operating income +1,2% YoY
• ▍Net income −153,7% YoY
• ▍Free cash flow −166,0% YoY
• ▍Net margin -18375.9%

Revenue $358.0k, +163,2% YoY; Operating income +8,4% YoY.

• ▍Revenue $358.0k, +163,2% YoY
• ▍Operating income +8,4% YoY
• ▍Net income −4,0% YoY
• ▍Free cash flow −3,1% YoY
• ▍Net margin -7548.0%

Revenue $136.0k; Operating income −67,2% YoY.

• ▍Revenue $136.0k
• ▍Operating income −67,2% YoY
• ▍Net income +6,9% YoY
• ▍Free cash flow +7,2% YoY
• ▍Net margin -19101.5%