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QU

Quantum Computing Inc.

QUBTTechnologyNASDAQ

Computer Hardware

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Financials · Annual
Revenue
$682,000
+82.8% YoY
Net Income
-$18.7M
+72.8% YoY
EBITDA
-$13.7M
+77.9% YoY
Free Cash Flow
-$40.4M

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About Quantum Computing Inc.

Headquartered within the technology sector, Quantum Computing Inc. focuses on Computer Hardware services and products. Quantum Computing Inc., an integrated photonics company, provides quantum machines to commercial and government markets in the United States. At a $2.79B market cap, Quantum Computing Inc. ranks as a mid-cap company within technology. 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.

Key stats
Market Cap$2.79B
Fwd P/E-57.18
EPS$-0.26
Beta3.70
52W Change-0.1%
ROE-4.4%
Analysis

Quantum Computing Inc. holds $986.1M in cash against $5.4M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company is burning cash, with free cash flow at -$40.4M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -4.4%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $136K (2022) to $682K (2025), reflecting a 401% increase over the period.

With a beta above 1.5, QUBT tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. With cash comfortably exceeding debt, QUBT has financial flexibility that may help navigate uncertain periods. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing QUBT.

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