Symbols / QUBT $6.86 -0.15% Quantum Computing Inc.

Technology • Computer Hardware • United States • NCM
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 (EQC), a quantum application of Core Photonics Technology, designed to solve complex optimization problems. In addition, the company offers Emucore, a reservoir computing machine that can be reprogrammed after manufacturing and optimized for recurrent neural network applications; Neurawave, a photonics based reservoir computer; 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 1.54B
Enterprise Value 427.85M Income -18.67M Sales 682.00K
Book/sh 7.13 Cash/sh 4.98 Dividend Yield —
Payout 0.00% Employees 72 IPO —
P/E — Forward P/E -22.87 PEG —
P/S 2258.55 P/B 0.96 P/C —
EV/EBITDA -9.17 EV/Sales 627.35 Quick Ratio 101.27
Current Ratio 102.38 Debt/Eq 0.16 LT Debt/Eq —
EPS (ttm) -0.11 EPS next Y -0.30 EPS Growth —
Revenue Growth 219.40% Earnings 2026-05-11 ROA -3.60%
ROE -2.19% ROIC — Gross Margin 9.82%
Oper. Margin -112.20% Profit Margin 0.00% Shs Outstand 224.54M
Shs Float 199.54M Short Float 29.47% Short Ratio 5.19
Short Interest — 52W High 25.84 52W Low 5.76
Beta 3.67 Avg Volume 13.11M Volume 6.25M
Target Price $17.40 Recom Buy Prev Close $6.87
Price $6.86 Change -0.15%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$17.40
Mean price target
2. Current target
$6.86
Latest analyst target
3. DCF / Fair value
$-2.85
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.86
Low
$10.00
High
$27.00
Mean
$17.40

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-03 main Cantor Fitzgerald Neutral → Neutral $10
2026-03-03 main Rosenblatt Buy → Buy $22
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
News
RSS: Latest QUBT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-11 ROBERTS CHRISTOPHER BRUCE General Counsel — 78,262 $7.85 $614,499
2026-03-10 ROBERTS CHRISTOPHER BRUCE General Counsel — 400,000 $6.85 $2,740,000
2026-01-07 BEGLIARBEKOV MILAN Chief Operating Officer — 2,860 $11.85 $33,891
2025-12-31 BEGLIARBEKOV MILAN Chief Operating Officer — 13,550 $10.26 $139,023
2025-09-15 FAGENSON ROBERT B Director — 100,000 $15.02 $1,556,005
2025-09-12 HUANG YUPING Chief Executive Officer — 400,000 $0.00 $0
2025-09-08 SHABANI JAVAD Director — 37,474 $15.26 $572,653
2025-09-04 HUANG YUPING Chief Executive Officer — 1,000,000 $14.42 $14,415,000
2025-08-25 DIANAT POUYA Officer — 17,175 $15.53 $266,808
2025-08-18 SHABANI JAVAD Director — 37,474 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
0.68
+82.84%
0.37
+4.19%
0.36
+163.24%
0.14
Operating Revenue
0.68
+82.84%
0.37
+4.19%
0.36
+163.24%
0.14
Cost Of Revenue
0.61
+135.63%
0.26
+33.16%
0.20
+221.31%
0.06
Reconciled Cost Of Revenue
0.61
+135.63%
0.26
+33.16%
0.20
+221.31%
0.06
Gross Profit
0.07
-40.18%
0.11
-30.86%
0.16
+116.00%
0.07
Operating Expense
51.14
+96.34%
26.05
-1.35%
26.41
-8.06%
28.72
Research And Development
20.47
+80.89%
11.32
+27.30%
8.89
+70.46%
5.22
Selling General And Administration
30.67
+108.21%
14.73
-15.89%
17.51
-25.49%
23.50
Selling And Marketing Expense
3.43
+88.72%
1.82
+0.66%
1.81
-13.67%
2.09
General And Administrative Expense
27.24
+110.95%
12.91
-17.79%
15.71
-26.64%
21.41
Salaries And Wages
—
—
12.77
-42.18%
22.09
Other Gand A
27.24
+110.95%
12.91
-17.79%
15.71
-26.64%
21.41
Other Operating Expenses
—
—
—
—
Total Expenses
51.76
+96.73%
26.31
-1.09%
26.60
-7.57%
28.78
Operating Income
-51.08
-96.93%
-25.94
+1.17%
-26.24
+8.39%
-28.64
Total Operating Income As Reported
-51.08
-96.93%
-25.94
+1.17%
-26.24
+8.39%
-28.64
EBITDA
-13.67
+77.94%
-61.95
-183.01%
-21.89
+6.22%
-23.34
Normalized EBITDA
-25.42
-18.64%
-21.42
+4.45%
-22.42
+16.14%
-26.73
Reconciled Depreciation
4.94
+20.80%
4.09
+15.95%
3.53
+89.43%
1.86
EBIT
-18.61
+71.82%
-66.05
-159.82%
-25.42
-0.85%
-25.21
Total Unusual Items
11.75
+128.99%
-40.53
-7776.52%
0.53
-84.43%
3.39
Total Unusual Items Excluding Goodwill
11.75
+128.99%
-40.53
-7776.52%
0.53
-84.43%
3.39
Special Income Charges
—
—
—
—
Net Income
-18.67
+72.76%
-68.54
-153.65%
-27.02
-4.02%
-25.98
Pretax Income
-18.67
+72.76%
-68.54
-153.65%
-27.02
-4.02%
-25.98
Net Non Operating Interest Income Expense
20.65
+1096.29%
-2.07
-58.61%
-1.31
-80.28%
-0.72
Interest Expense Non Operating
0.07
-97.40%
2.50
+55.81%
1.60
+107.51%
0.77
Net Interest Income
20.65
+1096.29%
-2.07
-58.61%
-1.31
-80.28%
-0.72
Interest Expense
0.07
-97.40%
2.50
+55.81%
1.60
+107.51%
0.77
Interest Income Non Operating
20.72
+4797.87%
0.42
+43.39%
0.29
+527.66%
0.05
Interest Income
20.72
+4797.87%
0.42
+43.39%
0.29
+527.66%
0.05
Other Income Expense
11.75
+128.99%
-40.53
-7776.52%
0.53
-84.43%
3.39
Gain On Sale Of Security
11.75
+128.99%
-40.53
-7776.52%
0.53
-84.43%
3.39
Tax Provision
0.00
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-18.67
+72.76%
-68.54
-153.65%
-27.02
-4.02%
-25.98
Net Income From Continuing Operation Net Minority Interest
-18.67
+72.76%
-68.54
-153.65%
-27.02
-4.02%
-25.98
Net Income From Continuing And Discontinued Operation
-18.67
+72.76%
-68.54
-153.65%
-27.02
-4.02%
-25.98
Net Income Continuous Operations
-18.67
+72.76%
-68.54
-153.65%
-27.02
-4.02%
-25.98
Normalized Income
-30.42
-8.62%
-28.01
-1.67%
-27.55
+6.20%
-29.37
Net Income Common Stockholders
-18.67
+72.76%
-68.54
-145.82%
-27.88
-3.78%
-26.87
Diluted EPS
-0.11
+84.93%
-0.73
-73.81%
-0.42
+39.13%
-0.69
Basic EPS
-0.11
+84.93%
-0.73
-73.81%
-0.42
+39.13%
-0.69
Basic Average Shares
164.49
+75.21%
93.88
+40.94%
66.61
+19.03%
55.96
Diluted Average Shares
164.49
+75.21%
93.88
+40.94%
66.61
+19.03%
55.96
Diluted NI Availto Com Stockholders
-18.67
+72.76%
-68.54
-145.82%
-27.88
-3.78%
-26.87
Preferred Stock Dividends
—
—
0.86
-3.15%
0.89
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,618.92
+954.27%
153.56
+106.52%
74.36
-5.29%
78.51
Current Assets
1,133.72
+1332.35%
79.15
+2880.08%
2.66
-51.27%
5.45
Cash Cash Equivalents And Short Term Investments
1,117.30
+1315.29%
78.94
+3734.14%
2.06
-61.21%
5.31
Cash And Cash Equivalents
737.88
+834.68%
78.94
+3734.14%
2.06
-61.21%
5.31
Other Short Term Investments
379.42
0.00
—
—
Receivables
4.15
+15281.48%
0.03
-92.15%
0.34
+2546.15%
0.01
Accounts Receivable
0.52
+1822.22%
0.03
-58.46%
0.07
+400.00%
0.01
Gross Accounts Receivable
—
0.03
-53.08%
0.07
—
Allowance For Doubtful Accounts Receivable
—
-0.00
0.00
—
Accrued Interest Receivable
3.63
0.00
—
—
Loans Receivable
0.00
0.00
-100.00%
0.28
0.00
Inventory
0.35
+1855.56%
0.02
-75.34%
0.07
0.00
Prepaid Assets
—
—
0.14
-38.27%
0.22
Other Current Assets
11.91
+7300.00%
0.16
-10.56%
0.18
+39.53%
0.13
Total Non Current Assets
485.20
+552.08%
74.41
+3.78%
71.70
-1.87%
73.06
Net PPE
15.32
+57.43%
9.73
+148.25%
3.92
+74.34%
2.25
Gross PPE
18.23
+70.41%
10.70
+155.19%
4.19
+80.73%
2.32
Accumulated Depreciation
-2.91
-201.24%
-0.97
-255.15%
-0.27
-283.10%
-0.07
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
13.54
+58.36%
8.55
+177.66%
3.08
+198.45%
1.03
Other Properties
2.39
+53.97%
1.55
+43.61%
1.08
-15.95%
1.28
Leases
2.30
+285.76%
0.60
+1709.09%
0.03
+1000.00%
0.00
Goodwill And Other Intangible Assets
62.07
-3.83%
64.55
-4.59%
67.65
-4.39%
70.75
Goodwill
55.57
+0.00%
55.57
+0.00%
55.57
+0.00%
55.57
Other Intangible Assets
6.50
-27.55%
8.97
-25.70%
12.08
-20.45%
15.18
Investments And Advances
403.12
0.00
—
—
Non Current Accounts Receivable
4.55
—
—
—
Non Current Prepaid Assets
—
—
0.13
+114.11%
0.06
Other Non Current Assets
0.13
+1.55%
0.13
+0.00%
0.13
+115.00%
0.06
Total Liabilities Net Minority Interest
20.66
-55.36%
46.27
+718.68%
5.65
-57.78%
13.39
Current Liabilities
11.07
+142.90%
4.56
-5.26%
4.81
+4.77%
4.59
Payables And Accrued Expenses
9.91
+182.74%
3.51
+66.87%
2.10
-45.19%
3.83
Payables
0.78
-43.29%
1.37
-6.16%
1.46
+67.66%
0.87
Accounts Payable
0.78
-43.29%
1.37
-6.16%
1.46
+67.66%
0.87
Dividends Payable
—
—
0.22
-2.15%
0.22
Current Accrued Expenses
9.13
+328.07%
2.13
+233.96%
0.64
-78.42%
2.96
Current Debt And Capital Lease Obligation
—
—
1.93
+259.35%
0.54
Current Debt
—
—
1.93
+259.35%
0.54
Other Current Borrowings
—
—
1.93
+259.35%
0.54
Current Capital Lease Obligation
—
—
—
1.36
Current Deferred Liabilities
0.40
+400.00%
0.08
0.00
0.00
Current Deferred Revenue
0.40
+400.00%
0.08
0.00
0.00
Other Current Liabilities
0.77
-21.36%
0.97
+23.92%
0.79
+3.42%
0.76
Total Non Current Liabilities Net Minority Interest
9.58
-77.03%
41.71
+4865.83%
0.84
-90.45%
8.79
Long Term Debt And Capital Lease Obligation
1.81
+53.09%
1.18
+40.60%
0.84
-89.84%
8.27
Long Term Debt
—
—
—
7.19
Long Term Capital Lease Obligation
1.81
+53.09%
1.18
+40.60%
0.84
-22.08%
1.08
Stockholders Equity
1,598.27
+1389.71%
107.29
+56.16%
68.70
+5.50%
65.12
Common Stock Equity
1,598.24
+1389.69%
107.29
+56.16%
68.70
+5.50%
65.12
Capital Stock
0.02
+69.23%
0.01
+62.50%
0.01
+33.33%
0.01
Common Stock
0.00
-100.00%
0.01
+62.50%
0.01
+33.33%
0.01
Preferred Stock
0.02
0.00
0.00
0.00
Share Issued
224.16
+73.76%
129.01
+66.57%
77.45
+38.40%
55.96
Ordinary Shares Number
224.16
+73.76%
129.01
+66.57%
77.45
+38.40%
55.96
Additional Paid In Capital
1,816.49
+490.24%
307.76
+53.39%
200.63
+18.60%
169.18
Retained Earnings
-219.16
-9.31%
-200.48
-51.95%
-131.94
-26.80%
-104.06
Gains Losses Not Affecting Retained Earnings
0.91
0.00
—
—
Other Equity Adjustments
0.91
—
—
—
Total Equity Gross Minority Interest
1,598.27
+1389.71%
107.29
+56.16%
68.70
+5.50%
65.12
Total Capitalization
1,598.27
+1389.71%
107.29
+56.16%
68.70
-4.99%
72.31
Working Capital
1,122.65
+1405.05%
74.59
+3559.74%
-2.16
-351.58%
0.86
Invested Capital
1,598.24
+1389.69%
107.29
+51.90%
70.63
-2.33%
72.31
Total Debt
1.81
+53.09%
1.18
-57.29%
2.77
-66.55%
8.27
Net Debt
—
—
0.44
-76.74%
1.88
Capital Lease Obligations
1.81
+53.09%
1.18
+40.60%
0.84
-22.08%
1.08
Net Tangible Assets
1,536.19
+3494.10%
42.74
+3955.22%
1.05
+118.72%
-5.63
Tangible Book Value
1,536.17
+3494.05%
42.74
+3955.22%
1.05
+118.72%
-5.63
Current Notes Payable
—
—
—
—
Derivative Product Liabilities
7.77
-80.82%
40.53
0.00
-100.00%
0.53
Non Current Accrued Expenses
—
—
—
0.23
Other Equity Interest
—
—
55.03
+25.89%
43.71
Preferred Stock Equity
0.02
—
0.00
-0.67%
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-30.29
-86.85%
-16.21
+11.48%
-18.32
-19.10%
-15.38
Cash Flow From Continuing Operating Activities
-30.29
-86.80%
-16.22
+11.48%
-18.32
-19.13%
-15.38
Net Income From Continuing Operations
-18.67
+72.76%
-68.54
-153.65%
-27.02
-4.02%
-25.98
Depreciation Amortization Depletion
4.94
+20.80%
4.09
+15.95%
3.53
+89.43%
1.86
Depreciation
4.94
+20.80%
4.09
+15.95%
3.53
+6663.00%
0.05
Amortization Cash Flow
—
—
—
3.25
Depreciation And Amortization
4.94
+20.80%
4.09
+15.95%
3.53
+89.43%
1.86
Amortization Of Intangibles
—
—
—
3.25
Other Non Cash Items
—
2.06
+121.83%
0.93
+48.80%
0.62
Stock Based Compensation
8.68
+49.47%
5.80
+27.44%
4.55
-60.98%
11.67
Provisionand Write Offof Assets
0.00
-100.00%
0.28
+0.00%
0.28
0.00
Operating Gains Losses
-11.75
-129.47%
39.87
+7650.38%
-0.53
+84.43%
-3.39
Gain Loss On Investment Securities
-11.75
-129.47%
39.87
+7650.38%
-0.53
+84.43%
-3.39
Change In Working Capital
-13.49
-6122.32%
0.22
+486.21%
-0.06
+65.68%
-0.17
Change In Receivables
-8.68
-22934.21%
0.04
+173.08%
-0.05
-300.00%
-0.01
Changes In Account Receivables
-0.49
-1394.74%
0.04
+173.08%
-0.05
-300.00%
-0.01
Change In Inventory
-0.33
-707.27%
0.06
+178.57%
-0.07
0.00
Change In Prepaid Assets
-11.75
-73556.25%
0.02
+114.55%
-0.11
+24.14%
-0.14
Change In Payables And Accrued Expense
7.37
+2610.29%
0.27
-43.80%
0.48
+584.00%
-0.10
Change In Accrued Expense
7.97
+2100.55%
0.36
+423.21%
-0.11
+64.89%
-0.32
Change In Payable
-0.59
-560.00%
-0.09
-115.10%
0.60
+172.15%
0.22
Change In Account Payable
-0.59
-560.00%
-0.09
-115.10%
0.60
+172.15%
0.22
Change In Other Working Capital
0.32
+300.00%
0.08
-75.20%
0.32
+955.73%
0.03
Change In Other Current Assets
-0.00
0.00
+100.00%
-0.07
+94.32%
-1.21
Change In Other Current Liabilities
-0.41
-74.58%
-0.24
+2.07%
-0.24
-118.50%
1.30
Investing Cash Flow
-788.33
-12960.42%
-6.04
-131.09%
-2.61
-17.34%
-2.23
Cash Flow From Continuing Investing Activities
-788.33
-12960.42%
-6.04
-131.09%
-2.61
-17.34%
-2.23
Net PPE Purchase And Sale
-6.69
-10.83%
-6.04
-185.80%
-2.11
-142.76%
-0.87
Purchase Of PPE
-6.69
-10.83%
-6.04
-185.80%
-2.11
-142.76%
-0.87
Capital Expenditure
-6.69
-10.83%
-6.04
-185.80%
-2.11
-142.76%
-0.87
Net Investment Purchase And Sale
-781.63
0.00
0.00
—
Purchase Of Investment
-1,197.87
0.00
0.00
—
Sale Of Investment
416.24
0.00
0.00
—
Net Business Purchase And Sale
—
—
0.00
+100.00%
-1.36
Purchase Of Business
—
—
0.00
+100.00%
-1.36
Net Other Investing Changes
-0.01
—
-0.50
+63.17%
-1.36
Financing Cash Flow
1,477.56
+1390.45%
99.14
+460.78%
17.68
+186.38%
6.17
Cash Flow From Continuing Financing Activities
1,477.56
+1390.45%
99.14
+460.78%
17.68
+186.38%
6.17
Net Issuance Payments Of Debt
—
—
-6.19
-188.89%
6.96
Issuance Of Debt
—
—
0.00
-100.00%
6.96
Repayment Of Debt
—
—
-6.19
0.00
Long Term Debt Issuance
—
—
0.00
-100.00%
6.96
Long Term Debt Payments
—
—
-6.19
0.00
Net Long Term Debt Issuance
—
—
-6.19
-188.89%
6.96
Net Common Stock Issuance
1,475.14
+1281.66%
106.77
+331.73%
24.73
0.00
Cash Dividends Paid
0.00
+100.00%
-0.21
+75.14%
-0.86
-9.91%
-0.79
Repurchase Of Capital Stock
0.00
+100.00%
-4.10
0.00
—
Proceeds From Stock Option Exercised
2.41
0.00
0.00
—
Net Other Financing Charges
—
-3.32
+46.37%
-6.19
-2382.80%
0.27
Changes In Cash
658.93
+757.03%
76.89
+2466.45%
-3.25
+71.58%
-11.43
Beginning Cash Position
78.94
+3734.14%
2.06
-61.21%
5.31
-68.29%
16.74
End Cash Position
737.88
+834.68%
78.94
+3734.14%
2.06
-61.21%
5.31
Free Cash Flow
-36.98
-66.23%
-22.25
-8.92%
-20.43
-25.72%
-16.25
Interest Paid Supplemental Data
0.00
-100.00%
0.27
-67.04%
0.81
0.00
Income Tax Paid Supplemental Data
—
—
0.00
0.00
Change In Dividend Payable
—
—
—
0.10
Common Stock Issuance
1,475.14
+1281.66%
106.77
+331.73%
24.73
0.00
Issuance Of Capital Stock
1,475.14
+1281.66%
106.77
+331.73%
24.73
0.00
Net Preferred Stock Issuance
0.00
+100.00%
-4.10
0.00
-100.00%
0.05
Preferred Stock Dividend Paid
0.00
+100.00%
-0.21
+75.14%
-0.86
-9.91%
-0.79
Preferred Stock Issuance
—
—
0.00
-100.00%
0.05
Preferred Stock Payments
0.00
+100.00%
-4.10
0.00
—
SEC Filings

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

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