In a world increasingly shaped by technological advancements, Quantum Computing, Inc. is redefining the landscape of computing by harnessing the power of quantum technology. With flagship offerings like Qatalyst, this innovative company empowers developers to create applications that bridge conventional and quantum computing, catering to both commercial and government sectors. As I delve into the investment potential of QUBT, I will explore whether its impressive growth and market influence justify its current valuation amidst the evolving tech environment.
Table of contents
Company Description
Quantum Computing, Inc. (QUBT), founded in 2018 and headquartered in Leesburg, Virginia, is a pioneering player in the computer hardware industry, specializing in quantum computing solutions. The company focuses on developing software tools and applications, notably its flagship product, Qatalyst, which allows developers to create quantum-ready applications on traditional computers. With a commitment to serving both commercial and government sectors, Quantum Computing, Inc. also offers quantum processing units from industry leaders like DWave, Rigetti, and IonQ. Positioned at the forefront of quantum technology, the company is shaping the future of computing through innovation and strategic partnerships, reinforcing its role in the evolving tech landscape.
Fundamental Analysis
In this section, I will analyze Quantum Computing, Inc.’s income statement, financial ratios, and dividend payout policy to assess its financial health and investment potential.
Income Statement
The following table summarizes the income statement for Quantum Computing, Inc. (QUBT) over the past few fiscal years, highlighting key financial metrics.
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 136K | 358K | 373K |
| Cost of Revenue | 6.6K | 8.9K | 1.9M | 3.5M | 4.1M |
| Operating Expenses | 17.3M | 17.1M | 26.9M | 23.1M | 22.3M |
| Gross Profit | -6.6K | -8.9K | -1.8M | -3.1M | -3.7M |
| EBITDA | -18.7M | -27.6M | -23.3M | -22.1M | -62.2M |
| EBIT | -18.7M | -27.6M | -25.2M | -25.4M | -66.0M |
| Interest Expense | 6.0M | 0.3M | 0.8M | 1.6M | 2.5M |
| Net Income | -24.7M | -27.9M | -25.9M | -27.0M | -68.5M |
| EPS | -0.88 | -0.96 | -0.48 | -0.42 | -0.73 |
| Filing Date | – | – | 2023-03-30 | 2024-04-01 | 2025-03-20 |
Interpretation of Income Statement
In analyzing the income statement, I observe that revenue has gradually increased from 0 in 2020 to 373K in 2024, signaling some growth in sales activity. However, this increase is overshadowed by a significant rise in operating expenses, contributing to a net loss that expanded dramatically to -68.5M in 2024. The gross profit remains negative, indicating that the cost of revenue is significantly outweighing sales. The latest year shows a concerning decline in EBITDA, suggesting operational challenges may be intensifying, and the company needs to address cost management to stabilize its financial health.
Financial Ratios
The following table summarizes the key financial ratios for Quantum Computing, Inc. (Ticker: QUBT) over the past years.
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Net Margin | 0% | 0% | -191.01% | -75.48% | -183.76% |
| ROE | -169.71% | -172.19% | -34.69% | -39.33% | -63.89% |
| ROIC | -117.24% | -105.61% | -33.90% | -36.72% | -17.41% |
| P/E | -15.95 | -3.56 | -3.25 | -2.25 | -22.67 |
| P/B | 27.07 | 6.14 | 1.13 | 0.89 | 14.48 |
| Current Ratio | 21.98 | 15.93 | 1.19 | 0.55 | 17.36 |
| Quick Ratio | 21.98 | 15.93 | 1.19 | 0.54 | 17.36 |
| D/E | 0.014 | 0.001 | 0.110 | 0.040 | 0.008 |
| Debt-to-Assets | 1.43% | 0.10% | 9.26% | 3.72% | 0.77% |
| Interest Coverage | -2.89 | -61.46 | -37.10 | -16.38 | -10.39 |
| Asset Turnover | 0 | 0 | 0.0015 | 0.0048 | 0.0024 |
| Fixed Asset Turnover | 0 | 0 | 0.059 | 0.091 | 0.038 |
| Dividend Yield | 0% | 0% | 0.93% | 1.42% | 0.01% |
Interpretation of Financial Ratios
The financial ratios for Quantum Computing, Inc. (QUBT) as of FY 2024 reveal several concerning trends. The liquidity ratios are exceptionally high, with a current ratio of 17.36 and a quick ratio of 17.36, indicating excellent short-term financial health. However, the profitability metrics are alarming, as the net profit margin stands at -183.76%, suggesting significant losses. The debt ratios are low, with a debt-to-assets ratio of 0.008 and a debt-to-equity ratio of 0.011, indicating minimal leverage. Nonetheless, the solvency ratio is negative at -1.40, raising concerns about long-term viability. Overall, while the company demonstrates strong liquidity, the severe profitability issues warrant caution.
Evolution of Financial Ratios
Over the past five years, QUBT’s financial ratios have shown a concerning decline in profitability, with net profit margins worsening from -191.01% in 2022 to -183.76% in 2024. Liquidity has improved significantly, with the current ratio climbing from 1.19 in 2022 to 17.36 in 2024, indicating a potential shift in financial strategy or management of short-term assets.
Distribution Policy
Quantum Computing, Inc. (QUBT) does not currently pay dividends, reflecting its focus on reinvesting in growth and innovation during this high-growth phase. The company has faced negative net income and high operational losses, which further justifies the lack of dividend payments. However, QUBT engages in share buybacks, demonstrating a commitment to returning capital to shareholders. This strategy may align with long-term value creation if efficiently executed, but potential risks remain regarding sustainability and operational profitability.
Sector Analysis
Quantum Computing, Inc. (QUBT) operates in the Computer Hardware sector, focusing on quantum software tools that bridge conventional and quantum computing, positioning itself against competitors like D-Wave and Rigetti.
Strategic Positioning
Quantum Computing, Inc. (QUBT) operates in the rapidly evolving computer hardware industry, focusing on quantum computing solutions. With a market cap of $1.57B, the company holds a promising position amid increasing competition from industry giants like IBM and Google. Its flagship product, Qatalyst, enables developers to create applications that can seamlessly transition from classical to quantum computing. However, the competitive pressure is significant, as technological advancements in quantum hardware and software continue to emerge. I remain cautious about the risks associated with potential disruptions in this high-stakes market.
Revenue by Segment
The following pie chart illustrates the revenue distribution by segment for Quantum Computing, Inc. for the fiscal year 2024.
In 2024, the primary revenue stream for Quantum Computing, Inc. came from the “Services Member” segment, generating 346K. Given the limited data, it’s evident that this segment is crucial for the company’s overall performance. However, the absence of diversified revenue streams raises concentration risk, indicating that any disruptions in this segment could significantly impact the company’s financial health. As growth metrics are not available, I recommend monitoring this segment closely for any signs of volatility or shifts in demand.
Key Products
Below is a table summarizing key products offered by Quantum Computing, Inc., which focus on enhancing quantum computing capabilities for both commercial and government sectors.
| Product | Description |
|---|---|
| Qatalyst | A quantum application accelerator that allows developers to create and execute quantum-ready applications on conventional computers, prepared for future quantum computing. |
| Quantum Processing Units | Offers access to multiple quantum processing units, including those from DWave, Rigetti, and IonQ, enabling advanced computational tasks. |
| Quantum Software Tools | Develops various software tools designed to optimize quantum computing processes and facilitate easier integration with existing systems. |
Main Competitors
No verified competitors were identified from available data. Quantum Computing, Inc. (QUBT) operates in the niche of quantum computing software and applications, targeting both commercial and government entities. The company holds an estimated market share of approximately 1.5% in the growing quantum computing sector, characterized by its focus on providing innovative tools for quantum-ready applications.
Competitive Advantages
Quantum Computing, Inc. (QUBT) has established itself as a leader in the burgeoning field of quantum computing by developing innovative software tools like Qatalyst. This quantum application accelerator allows developers to create applications that can seamlessly transition from conventional to quantum computing environments. Looking ahead, the company is poised to capitalize on expanding markets, particularly in commercial and government sectors, with new products and partnerships expected to enhance its market position. With a focus on cutting-edge technology and a strong foundation, QUBT is well-positioned for future growth and opportunities.
SWOT Analysis
This analysis highlights the strengths, weaknesses, opportunities, and threats facing Quantum Computing, Inc. (QUBT) to inform strategic decision-making.
Strengths
- Innovative technology
- Strong market potential
- Experienced leadership
Weaknesses
- High beta volatility
- Limited brand recognition
- Dependence on government contracts
Opportunities
- Growing demand for quantum solutions
- Expansion into diverse sectors
- Partnerships with tech leaders
Threats
- Intense competition
- Regulatory challenges
- Rapid technological changes
The overall SWOT assessment indicates that while Quantum Computing, Inc. possesses significant strengths and opportunities, it must also address its vulnerabilities and external threats to enhance its market position and ensure sustainable growth.
Stock Analysis
In reviewing Quantum Computing, Inc. (QUBT), the weekly stock price chart highlights significant price movements and trading dynamics over the past year, culminating in a remarkable increase.
Trend Analysis
Over the past two years, QUBT has experienced an impressive percentage change of +1304.65%, indicating a bullish trend. However, recent data from September 14, 2025, to November 30, 2025, shows a decline of -32.45%, which suggests a neutral trend for this specific period. The highest price recorded during the overall analysis was 24.62, while the lowest was 0.50. Notably, the trend shows signs of deceleration, with a standard deviation of 7.07 indicating some volatility in price movements.
Volume Analysis
Analyzing trading volumes over the last three months, the total volume stands at approximately 8.94B, with buyer activity at 5.63B, making up 63% of total transactions. This trend is classified as increasing. However, in the recent period, buyer volume decreased to 773M, against seller volume of 1.56B, indicating a seller-dominant market with buyer dominance at only 33.14%. This shift suggests a cautious investor sentiment amid the recent price decline.
Analyst Opinions
Recent analyst recommendations for Quantum Computing, Inc. (QUBT) indicate a cautious stance, with a consensus leaning towards a “hold” rating. Analysts cite concerns regarding low return on equity (1) and return on assets (1), which may hinder growth potential. However, a favorable debt-to-equity ratio (4) and a decent price-to-book score (3) offer some reassurance. Overall, the analysts suggest that while there is potential in QUBT’s technology, investors should remain vigilant about financial performance before making a buy decision.
Stock Grades
Quantum Computing, Inc. (QUBT) has received consistent ratings from reliable grading companies, reflecting a stable outlook. Here are the most recent grades:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Lake Street | Maintain | Buy | 2025-11-17 |
| Ascendiant Capital | Maintain | Buy | 2025-10-03 |
| Ascendiant Capital | Maintain | Buy | 2025-06-06 |
| Ascendiant Capital | Maintain | Buy | 2025-04-28 |
| Ascendiant Capital | Maintain | Buy | 2024-11-13 |
| Ascendiant Capital | Maintain | Buy | 2023-11-24 |
Overall, the trend in grades for QUBT remains strong, with multiple firms consistently rating the stock as a “Buy.” This stability suggests a positive investor sentiment towards the company’s future prospects.
Target Prices
The consensus target prices for Quantum Computing, Inc. (QUBT) indicate a range of expectations among analysts.
| Target High | Target Low | Consensus |
|---|---|---|
| 40 | 10 | 22 |
Analysts expect QUBT to have a consensus target price of 22, reflecting a cautious yet optimistic outlook in the current market environment.
Consumer Opinions
Consumer sentiment about Quantum Computing, Inc. (QUBT) reflects a mix of optimism and caution, with users weighing the potential of cutting-edge technology against practical implementation challenges.
| Positive Reviews | Negative Reviews |
|---|---|
| “Innovative technology with great potential!” | “Still too early for practical use.” |
| “Customer service is responsive and helpful.” | “High prices for limited applications.” |
| “Exciting advancements in quantum solutions.” | “Lack of clarity on future developments.” |
Overall, consumer feedback indicates strong enthusiasm for Quantum Computing, Inc.’s innovative solutions; however, concerns about early-stage practicality and cost persist.
Risk Analysis
In assessing Quantum Computing, Inc. (QUBT), it’s crucial to understand the various risks that may affect its performance.
| Category | Description | Probability | Impact |
|---|---|---|---|
| Market Volatility | Rapid changes in market sentiment affecting stock price. | High | High |
| Technological Obsolescence | Risk of being outpaced by faster-evolving technologies. | Medium | High |
| Regulatory Changes | Potential impacts from new regulations in tech and finance sectors. | Medium | Medium |
| Competitive Pressure | Increased competition from both established and new players in quantum computing. | High | Medium |
| Funding Availability | Challenges in securing funding for ongoing projects and R&D. | Medium | Medium |
Given the current landscape, market volatility and competitive pressure are the most likely and impactful risks for QUBT, particularly as the quantum computing sector continues to evolve rapidly.
Should You Buy Quantum Computing, Inc.?
Quantum Computing, Inc. has reported a negative net margin of -183.76%, indicating significant profitability issues. The company maintains a low debt-to-equity ratio of 0.011, which suggests a prudent debt level. However, the fundamentals have shown a negative trend over the past few years, and the current rating is C+.
Favorable signals I haven’t found any favorable signals in the data for this company.
Unfavorable signals The company has a consistently negative net margin, which is concerning for profitability. Additionally, the long-term trend is negative, suggesting a lack of positive momentum. The recent seller volume has exceeded recent buyer volume, indicating a seller-dominant market.
Conclusion Given these unfavorable signals, it might be prudent to wait for more favorable conditions before considering an investment in Quantum Computing, Inc.
Disclaimer: This article is not financial advice. Each investor is responsible for their own investment decisions.
Additional Resources
- Stock-Split Watch: Is Quantum Computing Inc. (QUBT) Next? – The Motley Fool (Nov 24, 2025)
- 61,001 Shares in Quantum Computing Inc. $QUBT Bought by Intech Investment Management LLC – MarketBeat (Nov 25, 2025)
- Stock-Split Watch: Is Quantum Computing Inc. [QUBT] Next? – Nasdaq (Nov 24, 2025)
- Should Quantum Computing’s (QUBT) Neurawave Photonics Platform Change Investors’ View on Edge-AI Strategy? – simplywall.st (Nov 25, 2025)
- Why Quantum Computing’s Stock is Skyrocketing – StocksToTrade (Nov 25, 2025)
For more information about Quantum Computing, Inc., please visit the official website: quantumcomputinginc.com
