QUBT Chart
About

Quantum Computing Inc., an integrated photonics company, provides quantum machines to commercial and government markets in the United States. The company develops thin-film lithium niobate chips for optical devices, such as electro-optical modulators, periodically poled devices for frequency conversion, and micro-ring resonator cavities markets. It is also developing the entropy quantum computer, a full-stack system that allows users to avoid the complexity of software development kits at the circuit level; and enables developers to create and execute quantum-ready applications using application programming interfaces. In addition, the company offers reservoir computer, an edge device that uses an integrated circuit that can be reprogrammed after manufacturing and optimized for recurrent neural network applications; lidar, which allows machines to see through dense fog and provide image fidelity at great distances in environments, such as snow, ice, and water; the quantum photonic vibrometer, an instrument for remote vibration detection, sensing, and inspection; and quantum networks and quantum authentication products. The company was formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was founded in 2001 and is based in Hoboken, New Jersey.

Fundamentals
Scroll to Statements
Sector Technology Industry Computer Hardware Market Cap 1.82B
Enterprise Value 1.26B Income -68.36M Sales 546.00K
Book/sh 4.70 Cash/sh 2.48 Dividend Yield —
Payout 0.00% Employees 41 IPO —
P/E — Forward P/E -45.06 PEG —
P/S 3329.01 P/B 1.73 P/C —
EV/EBITDA -37.77 EV/Sales 2316.21 Quick Ratio 154.36
Current Ratio 154.87 Debt/Eq 0.29 LT Debt/Eq —
EPS (ttm) -0.66 EPS next Y -0.18 EPS Growth —
Revenue Growth 280.20% Earnings 2026-03-02 ROA -4.84%
ROE -14.57% ROIC — Gross Margin 36.45%
Oper. Margin -27.09% Profit Margin 0.00% Shs Outstand 224.12M
Shs Float 199.53M Short Float 27.72% Short Ratio 3.17
Short Interest — 52W High 25.84 52W Low 4.37
Beta 3.48 Avg Volume 16.43M Volume 8.71M
Target Price $18.00 Recom None Prev Close $7.90
Price $8.11 Change 2.71%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.00
Mean price target
2. Current target
$8.11
Latest analyst target
3. DCF / Fair value
$-1.87
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$8.11
Low
$12.00
High
$25.00
Mean
$18.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-15 init Rosenblatt — → Buy $22
2025-12-22 main Ascendiant Capital Buy → Buy $25
2025-12-18 reit Cantor Fitzgerald Neutral → Neutral $15
2025-12-17 init Wedbush — → Neutral $12
2025-11-17 main Lake Street Buy → Buy $16
2025-10-03 main Ascendiant Capital Buy → Buy $40
2025-09-18 init Lake Street — → Buy $24
2025-07-02 init Cantor Fitzgerald — → Neutral $15
2025-06-06 main Ascendiant Capital Buy → Buy $22
2025-04-28 main Ascendiant Capital Buy → Buy $14
2024-11-13 main Ascendiant Capital Buy → Buy $9
2023-11-24 main Ascendiant Capital Buy → Buy $9
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2860 33891.0 — Sale at price 11.85 per share. BEGLIARBEKOV MILAN Chief Operating Officer — 2026-01-07 00:00:00 D
1 13550 139023.0 — Stock Award(Grant) at price 10.26 per share. BEGLIARBEKOV MILAN Chief Operating Officer — 2025-12-31 00:00:00 D
2 100000 1556005.0 — Sale at price 15.02 - 16.88 per share. FAGENSON ROBERT B Director — 2025-09-15 00:00:00 I
3 400000 — — Stock Gift at price 0.00 per share. HUANG YUPING Chief Executive Officer — 2025-09-12 00:00:00 D
4 37474 572653.0 — Sale at price 15.26 - 15.30 per share. SHABANI JAVAD Director — 2025-09-08 00:00:00 D
5 1000000 14415000.0 — Sale at price 14.42 per share. HUANG YUPING Chief Executive Officer — 2025-09-04 00:00:00 D
6 17175 266808.0 — Sale at price 15.53 per share. DIANAT POUYA Officer — 2025-08-25 00:00:00 D
7 37474 nan — — SHABANI JAVAD Director — 2025-08-18 00:00:00 D
8 17175 nan — — DIANAT POUYA Officer — 2025-08-18 00:00:00 D
9 1050812 105.0 — Conversion of Exercise of derivative security at price 0.00 per share. HUANG YUPING Chief Executive Officer — 2025-06-30 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.002.11K0.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-21.72M-22.64M-26.73M-16.90M
TotalUnusualItems-40.53M528.00K3.39M0.00
TotalUnusualItemsExcludingGoodwill-40.53M528.00K3.39M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-68.54M-27.02M-25.98M-27.90M
ReconciledDepreciation3.80M3.31M1.86M9.00K
ReconciledCostOfRevenue261.00K196.00K61.00K0.00
EBITDA-62.25M-22.11M-23.34M-16.90M
EBIT-66.05M-25.42M-25.21M-16.90M
NetInterestIncome-2.07M-1.31M-725.00K-10.99M
InterestExpense2.50M1.60M772.00K10.99M
InterestIncome423.00K295.00K47.00K7.38K
NormalizedIncome-28.01M-27.55M-29.37M-27.90M
NetIncomeFromContinuingAndDiscontinuedOperation-68.54M-27.02M-25.98M-27.90M
TotalExpenses26.31M26.60M28.78M16.91M
TotalOperatingIncomeAsReported-25.94M-26.24M-28.64M-17.13M
DilutedAverageShares93.88M66.61M55.96M29.16M
BasicAverageShares93.88M66.61M55.96M29.16M
DilutedEPS-0.73-0.42-0.69-0.96
BasicEPS-0.73-0.42-0.69-0.96
DilutedNIAvailtoComStockholders-68.54M-27.88M-26.87M-27.90M
NetIncomeCommonStockholders-68.54M-27.88M-26.87M-27.90M
PreferredStockDividends861.00K889.00K
NetIncome-68.54M-27.02M-25.98M-27.90M
NetIncomeIncludingNoncontrollingInterests-68.54M-27.02M-25.98M-27.90M
NetIncomeContinuousOperations-68.54M-27.02M-25.98M-27.90M
TaxProvision0.000.000.000.00
PretaxIncome-68.54M-27.02M-25.98M-27.90M
OtherIncomeExpense-40.53M528.00K3.39M
SpecialIncomeCharges0.00
GainOnSaleOfSecurity-40.53M528.00K3.39M
NetNonOperatingInterestIncomeExpense-2.07M-1.31M-725.00K-10.99M
InterestExpenseNonOperating2.50M1.60M772.00K10.99M
InterestIncomeNonOperating423.00K295.00K47.00K7.38K
OperatingIncome-25.94M-26.24M-28.64M-16.91M
OperatingExpense26.05M26.41M28.72M16.91M
OtherOperatingExpenses-218.37K
ResearchAndDevelopment11.32M8.89M5.22M2.59M
SellingGeneralAndAdministration14.73M17.51M23.50M14.54M
SellingAndMarketingExpense1.82M1.81M2.09M0.00
GeneralAndAdministrativeExpense12.91M15.71M21.41M14.54M
OtherGandA12.91M15.71M21.41M2.65M
SalariesAndWages12.77M22.09M11.89M
GrossProfit112.00K162.00K75.00K0.00
CostOfRevenue261.00K196.00K61.00K0.00
TotalRevenue373.00K358.00K136.00K0.00
OperatingRevenue373.00K358.00K136.00K0.00
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber129.01M77.45M55.96M29.16M
ShareIssued129.01M77.45M55.96M29.16M
NetDebt437.19K1.88M
TotalDebt1.18M2.77M8.27M18.08K
TangibleBookValue42.74M1.05M-5.63M16.20M
InvestedCapital107.29M70.63M72.31M16.20M
WorkingCapital74.59M-2.16M857.00K16.14M
NetTangibleAssets42.74M1.05M-5.63M16.20M
CapitalLeaseObligations1.18M840.00K1.08M18.08K
CommonStockEquity107.29M68.70M65.12M16.20M
PreferredStockEquity149.00150.00154.00
TotalCapitalization107.29M68.70M72.31M16.20M
TotalEquityGrossMinorityInterest107.29M68.70M65.12M16.20M
StockholdersEquity107.29M68.70M65.12M16.20M
OtherEquityInterest55.03M43.71M30.20M
RetainedEarnings-200.48M-131.94M-104.06M-81.39M
AdditionalPaidInCapital307.76M200.63M169.18M67.40M
CapitalStock13.00K8.00K6.00K3.07K
CommonStock13.00K8.00K6.00K2.92K
PreferredStock0.000.000.00154.00
TotalLiabilitiesNetMinorityInterest46.27M5.65M13.39M1.08M
TotalNonCurrentLiabilitiesNetMinorityInterest41.71M840.00K8.79M0.00
DerivativeProductLiabilities40.53M0.00528.00K
NonCurrentAccruedExpenses225.28K0.00
LongTermDebtAndCapitalLeaseObligation1.18M840.00K8.27M
LongTermCapitalLeaseObligation1.18M840.00K1.08M
LongTermDebt7.19M
CurrentLiabilities4.56M4.81M4.59M1.08M
OtherCurrentLiabilities974.00K786.00K760.00K3.38K
CurrentDeferredLiabilities79.00K0.000.00
CurrentDeferredRevenue79.00K0.000.00
CurrentDebtAndCapitalLeaseObligation1.93M535.68K18.08K
CurrentCapitalLeaseObligation1.36M18.08K
CurrentDebt1.93M535.68K
OtherCurrentBorrowings1.93M535.68K
CurrentNotesPayable0.00
PayablesAndAccruedExpenses3.51M2.10M3.83M1.06M
CurrentAccruedExpenses2.13M639.00K2.96M478.50K
Payables1.37M1.46M872.00K582.32K
DividendsPayable215.12K219.84K117.45K
AccountsPayable1.37M1.46M872.00K464.87K
TotalAssets153.56M74.36M78.51M17.28M
TotalNonCurrentAssets74.41M71.70M73.06M62.54K
OtherNonCurrentAssets129.00K129.00K60.00K
NonCurrentPrepaidAssets129.04K60.27K3.11K
GoodwillAndOtherIntangibleAssets64.55M67.65M70.75M0.00
OtherIntangibleAssets8.97M12.08M15.18M
Goodwill55.57M55.57M55.57M0.00
NetPPE9.73M3.92M2.25M59.43K
AccumulatedDepreciation-966.00K-272.00K-71.00K-18.37K
GrossPPE10.70M4.19M2.32M77.80K
Leases597.00K33.00K3.00K
OtherProperties1.55M1.08M1.28M18.08K
MachineryFurnitureEquipment8.55M3.08M1.03M59.72K
Properties0.000.000.00
CurrentAssets79.15M2.66M5.45M17.22M
OtherCurrentAssets161.00K180.00K129.00K18.08K
PrepaidAssets138.46K224.30K483.00K
Inventory18.00K73.00K0.00
Receivables27.00K344.00K13.00K0.00
LoansReceivable0.00279.00K0.00
AccountsReceivable27.00K65.00K13.00K0.00
AllowanceForDoubtfulAccountsReceivable-3.50K0.00
GrossAccountsReceivable30.50K65.00K
CashCashEquivalentsAndShortTermInvestments78.94M2.06M5.31M16.74M
CashAndCashEquivalents78.94M2.06M5.31M16.74M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-22.25M-20.43M-16.25M-6.84M
RepurchaseOfCapitalStock-4.10M0.00
RepaymentOfDebt-6.19M0.00-218.37K
IssuanceOfDebt0.006.96M0.00
IssuanceOfCapitalStock106.77M24.73M0.008.61M
CapitalExpenditure-6.04M-2.11M-870.00K-19.39K
InterestPaidSupplementalData268.00K813.00K0.000.00
IncomeTaxPaidSupplementalData0.000.000.00
EndCashPosition78.94M2.06M5.31M16.74M
BeginningCashPosition2.06M5.31M16.74M15.20M
ChangesInCash76.89M-3.25M-11.43M1.54M
FinancingCashFlow99.14M17.68M6.17M8.39M
CashFlowFromContinuingFinancingActivities99.14M17.68M6.17M8.39M
NetOtherFinancingCharges-3.32M-6.19M271.03K
CashDividendsPaid-215.00K-865.00K-787.00K
PreferredStockDividendPaid-215.00K-865.00K-787.00K
NetPreferredStockIssuance-4.10M0.0047.72K
PreferredStockPayments-4.10M0.00
PreferredStockIssuance0.0047.72K
NetCommonStockIssuance106.77M24.73M0.008.61M
CommonStockIssuance106.77M24.73M0.008.61M
NetIssuancePaymentsOfDebt-6.19M6.96M-218.37K
NetLongTermDebtIssuance-6.19M6.96M-218.37K
LongTermDebtPayments-6.19M0.00-218.37K
LongTermDebtIssuance0.006.96M0.00
InvestingCashFlow-6.04M-2.61M-2.23M-22.50K
CashFlowFromContinuingInvestingActivities-6.04M-2.61M-2.23M-22.50K
NetOtherInvestingChanges-500.00K-1.36M-3.11K
NetBusinessPurchaseAndSale0.00-1.36M
PurchaseOfBusiness0.00-1.36M
NetPPEPurchaseAndSale-6.04M-2.11M-870.00K-19.39K
PurchaseOfPPE-6.04M-2.11M-870.00K-19.39K
OperatingCashFlow-16.21M-18.32M-15.38M-6.82M
CashFlowFromContinuingOperatingActivities-16.21M-18.32M-15.38M-6.82M
ChangeInWorkingCapital518.00K164.00K-169.00K147.15K
ChangeInOtherWorkingCapital79.00K318.60K30.18K
ChangeInOtherCurrentLiabilities-130.00K-241.00K1.30M3.38K
ChangeInOtherCurrentAssets0.00-69.00K-1.21M
ChangeInPayablesAndAccruedExpense460.00K706.00K-100.00K585.99K
ChangeInAccruedExpense550.00K110.00K-319.00K487.83K
ChangeInPayable-90.00K596.00K219.00K98.16K
ChangeInDividendPayable102.39K
ChangeInAccountPayable-90.00K596.00K219.00K98.16K
ChangeInPrepaidAssets16.00K-110.00K-145.00K-442.22K
ChangeInInventory55.00K-70.00K0.00
ChangeInReceivables38.00K-52.00K-13.00K0.00
ChangesInAccountReceivables38.00K-52.00K-13.00K0.00
OtherNonCashItems2.06M930.00K625.00K
StockBasedCompensation5.80M4.55M11.67M10.20M
ProvisionandWriteOffofAssets279.00K279.00K0.00
DepreciationAmortizationDepletion3.80M3.31M1.86M9.00K
DepreciationAndAmortization3.80M3.31M1.86M9.00K
AmortizationCashFlow3.25M0.00
AmortizationOfIntangibles3.25M0.00
Depreciation1.96M52.18K9.00K
OperatingGainsLosses39.87M-528.00K-3.39M10.72M
GainLossOnInvestmentSecurities39.87M-528.00K-3.39M10.72M
NetIncomeFromContinuingOperations-68.54M-27.02M-25.98M-27.90M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for QUBT
Date User Asset Broker Type Position Size Entry Price Patterns