Quantum Computing Inc.

NasdaqCM:QUBT Stock Report

Market Cap: US$2.2b

Quantum Computing Past Earnings Performance

Past criteria checks 0/6

Quantum Computing's earnings have been declining at an average annual rate of -13.9%, while the Tech industry saw earnings growing at 5.5% annually. Revenues have been growing at an average rate of 73% per year.

Key information

-13.87%

Earnings growth rate

22.23%

EPS growth rate

Tech Industry Growth14.32%
Revenue growth rate72.98%
Return on equity-2.49%
Net Margin-916.15%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • May 22

Quantum Computing Inc.: The Story Is Big, But The Valuation Must Be Earned

Summary Quantum Computing Inc. (QUBT) is rated Hold, reflecting high uncertainty in commercializing its differentiated room-temperature photonic quantum platform. QUBT's recent LSI and NuCrypt acquisitions expand manufacturing capability and customer exposure, but organic revenue remains minimal versus acquisition-driven growth. My DCF implies a ~$10 share price, closely aligned with current levels; I favor a wait-and-see approach until commercial traction is clearer. QUBT's strategic optionality is offset by intense competition, uncertain government support, and a long path to meaningful recurring revenues. Read the full article on Seeking Alpha
Seeking Alpha • Apr 28

Important Quantum Computing Concerns Are Resolving For The Better

Summary If you need numbers, Quantum Computing (QUBT) is not for you. This is an embryonic company analogous to pre-commercial R&D-oriented biotechs. So, it’s the story that matters. I and short sellers worried about QUBT based on lack of business-mission clarity, and questions about whether leased office space could, as QUBT says, fulfill legitimate chip foundry functions. I worried more on learning QUBT’s still-new CEO would soon retire.But after studying the interim CEO (and current Chief Quantum Officer), I did a 180. The guy is very legit. Also, my deep dive into the foundry showed me the short sellers didn’t properly research it. QUBT’s space is part of a big-time university Research Park having serious chip-making capabilities. I now see QUBT as a bona-fide play in the intriguing photonic-quantum niche. Depending on how quickly it can fulfill arriving orders for its new optical chip, the stock could soar or tank. Splitting the difference, I’m at “Hold.”. Read the full article on Seeking Alpha
Seeking Alpha • Mar 21

Quantum Computing Q4 Earnings: Why I'm Downgrading To A Sell

Summary Quantum Computing Inc. stock dropped 10% post-earnings; despite positive aspects, I downgrade it to a sell due to overvaluation and speculative nature. The company has enough cash for two years but minimal revenue, making its $1 billion market cap unjustifiable. Heavy dilution and a long road to profitability make it hard to justify holding QUBT, despite interesting technology and cash reserves. While potential upside exists with new partnerships and technology, the current valuation and revenue growth do not support holding the stock. Read the full article on Seeking Alpha
Seeking Alpha • Jan 22

Avoid Quantum Computing Inc. At All Costs

Summary We rate Quantum Computing a 'Strong Sell' due to the company's astronomical valuation and dismal financials. QUBT's $1.3 billion market cap is largely speculative, and we see significant downside risk as the company struggles to compete with industry giants and other startups. Despite raising $190 million, the Company's core business lacks product-market fit, and we don't think the firm has sufficient resources to attract top talent and achieve meaningful progress. Shorting the stock appears too risky, but if you're invested, this could be a great chance to get out. Read the full article on Seeking Alpha
Analysis Article • Mar 12

Does Quantum Computing (NASDAQ:QUBT) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Jul 28

Would Quantum Computing (NASDAQ:QUBT) Be Better Off With Less Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Revenue & Expenses Breakdown

How Quantum Computing makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqCM:QUBT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 264-403824
31 Dec 251-193120
30 Sep 251-682018
30 Jun 250-761716
31 Mar 250-451612
31 Dec 240-691511
30 Sep 240-24158
30 Jun 240-26169
31 Mar 240-28189
31 Dec 230-28189
30 Sep 230-28219
30 Jun 230-29228
31 Mar 230-26226
31 Dec 220-27245
30 Sep 220-351211
30 Jun 220-331110
31 Mar 220-321110
31 Dec 210-2889
30 Sep 210-23162
30 Jun 210-30202
31 Mar 210-27172
31 Dec 200-25162
30 Sep 200-21111
30 Jun 200-811
31 Mar 200-831
31 Dec 190-821
30 Sep 19017-181
30 Jun 190-1170
31 Mar 190-1060
31 Dec 180-1160

Quality Earnings: QUBT is currently unprofitable.

Growing Profit Margin: QUBT is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: QUBT is unprofitable, and losses have increased over the past 5 years at a rate of 13.9% per year.

Accelerating Growth: Unable to compare QUBT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QUBT is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (8.4%).

Return on Equity

High ROE: QUBT has a negative Return on Equity (-2.49%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 14:17
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Quantum Computing Inc. is covered by 6 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Edward WooAscendiant Capital Markets LLC
Troy JensenCantor Fitzgerald & Co.
Maxwell MichaelisLake Street Capital Markets, LLC