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 1.65B
Enterprise Value 540.12M 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 -24.57 PEG
P/S 2426.46 P/B 1.03 P/C
EV/EBITDA -11.57 EV/Sales 791.97 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 199.94M Short Float 28.34% Short Ratio 4.36
Short Interest 52W High 25.84 52W Low 5.76
Beta 3.63 Avg Volume 14.89M Volume 10.16M
Target Price $17.40 Recom Buy Prev Close $7.30
Price $7.37 Change 0.96%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$17.40
Mean price target
2. Current target
$7.37
Latest analyst target
3. DCF / Fair value
$-2.85
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$7.37
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
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 78262 614499.0 Sale at price 7.85 per share. ROBERTS CHRISTOPHER BRUCE General Counsel 2026-03-11 00:00:00 D
1 400000 2740000.0 Conversion of Exercise of derivative security at price 6.85 per share. ROBERTS CHRISTOPHER BRUCE General Counsel 2026-03-10 00:00:00 D
2 2860 33891.0 Sale at price 11.85 per share. BEGLIARBEKOV MILAN Chief Operating Officer 2026-01-07 00:00:00 D
3 13550 139023.0 Stock Award(Grant) at price 10.26 per share. BEGLIARBEKOV MILAN Chief Operating Officer 2025-12-31 00:00:00 D
4 100000 1556005.0 Sale at price 15.02 - 16.88 per share. FAGENSON ROBERT B Director 2025-09-15 00:00:00 I
5 400000 Stock Gift at price 0.00 per share. HUANG YUPING Chief Executive Officer 2025-09-12 00:00:00 D
6 37474 572653.0 Sale at price 15.26 - 15.30 per share. SHABANI JAVAD Director 2025-09-08 00:00:00 D
7 1000000 14415000.0 Sale at price 14.42 per share. HUANG YUPING Chief Executive Officer 2025-09-04 00:00:00 D
8 17175 266808.0 Sale at price 15.53 per share. DIANAT POUYA Officer 2025-08-25 00:00:00 D
9 37474 nan SHABANI JAVAD Director 2025-08-18 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.002.11K0.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-25.42M-21.42M-22.42M-26.73M
TotalUnusualItems11.75M-40.53M528.00K3.39M
TotalUnusualItemsExcludingGoodwill11.75M-40.53M528.00K3.39M
NetIncomeFromContinuingOperationNetMinorityInterest-18.67M-68.54M-27.02M-25.98M
ReconciledDepreciation4.94M4.09M3.53M1.86M
ReconciledCostOfRevenue615.00K261.00K196.00K61.00K
EBITDA-13.67M-61.95M-21.89M-23.34M
EBIT-18.61M-66.05M-25.42M-25.21M
NetInterestIncome20.65M-2.07M-1.31M-725.00K
InterestExpense65.00K2.50M1.60M772.00K
InterestIncome20.72M423.00K295.00K47.00K
NormalizedIncome-30.42M-28.01M-27.55M-29.37M
NetIncomeFromContinuingAndDiscontinuedOperation-18.67M-68.54M-27.02M-25.98M
TotalExpenses51.76M26.31M26.60M28.78M
TotalOperatingIncomeAsReported-51.08M-25.94M-26.24M-28.64M
DilutedAverageShares164.49M93.88M66.61M36.68M
BasicAverageShares164.49M93.88M66.61M36.68M
DilutedEPS-0.11-0.73-0.42-0.73
BasicEPS-0.11-0.73-0.42-0.73
DilutedNIAvailtoComStockholders-18.67M-68.54M-27.88M-26.87M
NetIncomeCommonStockholders-18.67M-68.54M-27.88M-26.87M
PreferredStockDividends861.00K889.00K
NetIncome-18.67M-68.54M-27.02M-25.98M
NetIncomeIncludingNoncontrollingInterests-18.67M-68.54M-27.02M-25.98M
NetIncomeContinuousOperations-18.67M-68.54M-27.02M-25.98M
TaxProvision0.000.000.000.00
PretaxIncome-18.67M-68.54M-27.02M-25.98M
OtherIncomeExpense11.75M-40.53M528.00K3.39M
SpecialIncomeCharges0.00
GainOnSaleOfSecurity11.75M-40.53M528.00K3.39M
NetNonOperatingInterestIncomeExpense20.65M-2.07M-1.31M-725.00K
InterestExpenseNonOperating65.00K2.50M1.60M772.00K
InterestIncomeNonOperating20.72M423.00K295.00K47.00K
OperatingIncome-51.08M-25.94M-26.24M-28.64M
OperatingExpense51.14M26.05M26.41M28.72M
OtherOperatingExpenses-218.37K
ResearchAndDevelopment20.47M11.32M8.89M5.22M
SellingGeneralAndAdministration30.67M14.73M17.51M23.50M
SellingAndMarketingExpense3.43M1.82M1.81M2.09M
GeneralAndAdministrativeExpense27.24M12.91M15.71M21.41M
OtherGandA27.24M12.91M15.71M21.41M
SalariesAndWages12.77M22.09M11.89M
GrossProfit67.00K112.00K162.00K75.00K
CostOfRevenue615.00K261.00K196.00K61.00K
TotalRevenue682.00K373.00K358.00K136.00K
OperatingRevenue682.00K373.00K358.00K136.00K
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber224.16M129.01M77.45M55.96M
ShareIssued224.16M129.01M77.45M55.96M
NetDebt437.19K1.88M
TotalDebt1.81M1.18M2.77M8.27M
TangibleBookValue1.54B42.74M1.05M-5.63M
InvestedCapital1.60B107.29M70.63M72.31M
WorkingCapital1.12B74.59M-2.16M857.00K
NetTangibleAssets1.54B42.74M1.05M-5.63M
CapitalLeaseObligations1.81M1.18M840.00K1.08M
CommonStockEquity1.60B107.29M68.70M65.12M
PreferredStockEquity22.00K149.00150.00154.00
TotalCapitalization1.60B107.29M68.70M72.31M
TotalEquityGrossMinorityInterest1.60B107.29M68.70M65.12M
StockholdersEquity1.60B107.29M68.70M65.12M
OtherEquityInterest55.03M43.71M30.20M
GainsLossesNotAffectingRetainedEarnings905.00K0.00
OtherEquityAdjustments905.00K
RetainedEarnings-219.16M-200.48M-131.94M-104.06M
AdditionalPaidInCapital1.82B307.76M200.63M169.18M
CapitalStock22.00K13.00K8.00K6.00K
CommonStock0.0013.00K8.00K6.00K
PreferredStock22.00K0.000.000.00
TotalLiabilitiesNetMinorityInterest20.66M46.27M5.65M13.39M
TotalNonCurrentLiabilitiesNetMinorityInterest9.58M41.71M840.00K8.79M
DerivativeProductLiabilities7.77M40.53M0.00528.00K
NonCurrentAccruedExpenses225.28K0.00
LongTermDebtAndCapitalLeaseObligation1.81M1.18M840.00K8.27M
LongTermCapitalLeaseObligation1.81M1.18M840.00K1.08M
LongTermDebt7.19M
CurrentLiabilities11.07M4.56M4.81M4.59M
OtherCurrentLiabilities766.00K974.00K786.00K760.00K
CurrentDeferredLiabilities395.00K79.00K0.000.00
CurrentDeferredRevenue395.00K79.00K0.000.00
CurrentDebtAndCapitalLeaseObligation1.93M535.68K18.08K
CurrentCapitalLeaseObligation1.36M18.08K
CurrentDebt1.93M535.68K
OtherCurrentBorrowings1.93M535.68K
CurrentNotesPayable0.00
PayablesAndAccruedExpenses9.91M3.51M2.10M3.83M
CurrentAccruedExpenses9.13M2.13M639.00K2.96M
Payables778.00K1.37M1.46M872.00K
DividendsPayable215.12K219.84K117.45K
AccountsPayable778.00K1.37M1.46M872.00K
TotalAssets1.62B153.56M74.36M78.51M
TotalNonCurrentAssets485.20M74.41M71.70M73.06M
OtherNonCurrentAssets131.00K129.00K129.00K60.00K
NonCurrentPrepaidAssets129.04K60.27K3.11K
NonCurrentAccountsReceivable4.55M
InvestmentsAndAdvances403.12M0.00
GoodwillAndOtherIntangibleAssets62.07M64.55M67.65M70.75M
OtherIntangibleAssets6.50M8.97M12.08M15.18M
Goodwill55.57M55.57M55.57M55.57M
NetPPE15.32M9.73M3.92M2.25M
AccumulatedDepreciation-2.91M-966.00K-272.00K-71.00K
GrossPPE18.23M10.70M4.19M2.32M
Leases2.30M597.00K33.00K3.00K
OtherProperties2.39M1.55M1.08M1.28M
MachineryFurnitureEquipment13.54M8.55M3.08M1.03M
Properties0.000.000.000.00
CurrentAssets1.13B79.15M2.66M5.45M
OtherCurrentAssets11.91M161.00K180.00K129.00K
PrepaidAssets138.46K224.30K483.00K
Inventory352.00K18.00K73.00K0.00
Receivables4.15M27.00K344.00K13.00K
AccruedInterestReceivable3.63M0.00
LoansReceivable0.000.00279.00K0.00
AccountsReceivable519.00K27.00K65.00K13.00K
AllowanceForDoubtfulAccountsReceivable-3.50K0.00
GrossAccountsReceivable30.50K65.00K
CashCashEquivalentsAndShortTermInvestments1.12B78.94M2.06M5.31M
OtherShortTermInvestments379.42M0.00
CashAndCashEquivalents737.88M78.94M2.06M5.31M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-36.98M-22.25M-20.43M-16.25M
RepurchaseOfCapitalStock0.00-4.10M0.00
RepaymentOfDebt-6.19M0.00-218.37K
IssuanceOfDebt0.006.96M0.00
IssuanceOfCapitalStock1.48B106.77M24.73M0.00
CapitalExpenditure-6.69M-6.04M-2.11M-870.00K
InterestPaidSupplementalData0.00268.00K813.00K0.00
IncomeTaxPaidSupplementalData0.000.000.00
EndCashPosition737.88M78.94M2.06M5.31M
BeginningCashPosition78.94M2.06M5.31M16.74M
ChangesInCash658.93M76.89M-3.25M-11.43M
FinancingCashFlow1.48B99.14M17.68M6.17M
CashFlowFromContinuingFinancingActivities1.48B99.14M17.68M6.17M
NetOtherFinancingCharges-3.32M-6.19M271.03K
ProceedsFromStockOptionExercised2.41M0.000.00
CashDividendsPaid0.00-215.00K-865.00K-787.00K
PreferredStockDividendPaid0.00-215.00K-865.00K-787.00K
NetPreferredStockIssuance0.00-4.10M0.0047.72K
PreferredStockPayments0.00-4.10M0.00
PreferredStockIssuance0.0047.72K
NetCommonStockIssuance1.48B106.77M24.73M0.00
CommonStockIssuance1.48B106.77M24.73M0.00
NetIssuancePaymentsOfDebt-6.19M6.96M-218.37K
NetLongTermDebtIssuance-6.19M6.96M-218.37K
LongTermDebtPayments-6.19M0.00-218.37K
LongTermDebtIssuance0.006.96M0.00
InvestingCashFlow-788.33M-6.04M-2.61M-2.23M
CashFlowFromContinuingInvestingActivities-788.33M-6.04M-2.61M-2.23M
NetOtherInvestingChanges-7.00K-500.00K-1.36M-3.11K
NetInvestmentPurchaseAndSale-781.63M0.000.00
SaleOfInvestment416.24M0.000.00
PurchaseOfInvestment-1.20B0.000.00
NetBusinessPurchaseAndSale0.00-1.36M
PurchaseOfBusiness0.00-1.36M
NetPPEPurchaseAndSale-6.69M-6.04M-2.11M-870.00K
PurchaseOfPPE-6.69M-6.04M-2.11M-870.00K
OperatingCashFlow-30.29M-16.21M-18.32M-15.38M
CashFlowFromContinuingOperatingActivities-30.29M-16.22M-18.32M-15.38M
ChangeInWorkingCapital-13.49M224.00K-58.00K-169.00K
ChangeInOtherWorkingCapital316.00K79.00K318.60K30.18K
ChangeInOtherCurrentLiabilities-412.00K-236.00K-241.00K1.30M
ChangeInOtherCurrentAssets-2.00K0.00-69.00K-1.21M
ChangeInPayablesAndAccruedExpense7.37M272.00K484.00K-100.00K
ChangeInAccruedExpense7.97M362.00K-112.00K-319.00K
ChangeInPayable-594.00K-90.00K596.00K219.00K
ChangeInDividendPayable102.39K
ChangeInAccountPayable-594.00K-90.00K596.00K219.00K
ChangeInPrepaidAssets-11.75M16.00K-110.00K-145.00K
ChangeInInventory-334.00K55.00K-70.00K0.00
ChangeInReceivables-8.68M38.00K-52.00K-13.00K
ChangesInAccountReceivables-492.00K38.00K-52.00K-13.00K
OtherNonCashItems2.06M930.00K625.00K
StockBasedCompensation8.68M5.80M4.55M11.67M
ProvisionandWriteOffofAssets0.00279.00K279.00K0.00
DepreciationAmortizationDepletion4.94M4.09M3.53M1.86M
DepreciationAndAmortization4.94M4.09M3.53M1.86M
AmortizationCashFlow3.25M0.00
AmortizationOfIntangibles3.25M0.00
Depreciation4.94M4.09M3.53M52.18K
OperatingGainsLosses-11.75M39.87M-528.00K-3.39M
GainLossOnInvestmentSecurities-11.75M39.87M-528.00K-3.39M
NetIncomeFromContinuingOperations-18.67M-68.54M-27.02M-25.98M
SEC Filings

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

Public Trades for QUBT
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status