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Quantum Computing Inc. QUBT R2KAI

Technology · Computer Hardware · United States
https://www.quantumcomputinginc.com

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.

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$11.96
+5.61% 1Y

Market & Price

Market Cap
$2.70B
Current Price
$11.96
High / Low (52W)
$24.62 / $6.31
Beta
3.70

Valuation

Stock P/E
-
Industry PE
32.74
Forward P/E
-
PEG Ratio
-
Book Value
$7.08
Price to Book
1.69
P/S
622.38
EV/EBITDA
-29.63
Dividend Yield
-

Profitability & Returns

ROCE
-1.16%
ROE
-4.37%
ROA
-4.25%
Profit Margin
0.00%
Op Margin
-
EPS (Latest Qtr)
$-0.02
EPS (TTM)
$-0.26

Balance Sheet & Liquidity

Debt/Equity
0.34
Quick Ratio
66.05
Current Ratio
66.67
Debt
$5.45M
Total Assets
$1.62B
Current Assets
$1.13B
Working Capital
$1.12B

Ownership

Promoter Holding
11.89%
Chg in Prom Hold
-
FII / Inst Holding
42.25%
Chg in FII Hold
0.28%

Financial Snapshot

Enterprise Value
$1.72B
Total Revenue (TTM)
$4.33M
EBITDA
$-57.94M
Free Cash Flow
$-40.36M
Operating Cash Flow
$-35.29M
Shares Outstanding
225.53M
Gross Margin
-15.39%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
71.17%
Profit 5Y
9.37%
Revenue (YoY)
-
Earnings (YoY)
-

PROS

  • Compounding revenue at 71.2% over 5 years.

CONS

  • Trading 51.4% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 QUBT Quantum Computing Inc. R2KAI 11.96 - $2.70B - -1.16% -4.37% 71.17% 9.37%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------------31.24K65.48K37.65K121.00K112.00K50.00K27.00K183.00K101.00K39.00K61.00K384.00K198.00K3.69M
Cost of Revenue ---------------------26.00K35.00K258.00K296.00K4.41M
Gross Profit ------------19.67K60.25K12.76K65.00K61.00K26.00K11.00K58.00K9.00K13.00K26.00K126.00K-98.00K-721.00K
Operating Expenses ---------------------8.30M10.20M10.53M22.12M19.83M
Operating Income -298.85K-400.21K-24.72M-583.14K-1.98M784.16K-1.74M-917.56K-8.68M-3.39M-4.33M-4.78M-6.71M-4.81M-6.83M-6.09M-6.96M-6.61M-6.32M-5.27M-5.44M-8.29M-10.17M-10.40M-22.22M-20.55M
EBITDA ---------------------18.12M-35.42M3.71M-79.00K-1.56M
Interest Expense ---------------------58.00K58.00K4.00K-55.00K171.00K
Pretax Income ---------------------16.98M-36.48M2.38M-1.56M-4.05M
Tax Provision ---------------------00000
Net Income -1.05M-875.21K-27.01M-635.67K-2.03M770.30K-698.18K-1.78M-11.66M-3.39M-4.11M-4.78M-7.13M-5.10M-7.57M-6.14M-7.42M-6.84M-6.44M-5.19M-5.67M16.98M-36.48M2.38M-1.56M-4.05M
Diluted EPS -----------0.14-0.16-0.19-0.11-0.11-0.11-0.12-0.10-0.08-0.06-0.060.11-0.260.01-0.01-0.02
R&D Expense 18.33K59.39K77.70K151.29K145.16K256.93K344.68K335.67K287.02K625.45K565.69K613.06K1.02M850.44K1.27M2.18M2.47M2.33M2.22M2.09M2.24M2.98M5.97M4.51M-6.97M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -----136.00K358.00K373.00K682.00K
Cost of Revenue -----61.00K196.00K261.00K615.00K
Gross Profit -----75.00K162.00K112.00K67.00K
Operating Expenses -----28.72M26.41M26.05M51.14M
Operating Income -175.00K-5.80M-2.55M-17.34M--28.64M-26.24M-25.94M-51.08M
EBITDA ------23.34M-21.89M-61.95M-13.67M
Interest Expense -----772.00K1.60M2.50M65.00K
Pretax Income ------25.98M-27.02M-68.54M-18.67M
Tax Provision -----0000
Net Income -175.00K-10.51M-8.38M-24.73M--25.98M-27.02M-68.54M-18.67M
Diluted EPS ------0.69-0.42-0.73-0.11
R&D Expense -250.64K891.13K1.54M2.59M4.56M8.89M11.32M20.47M

Compounded Sales Growth

5 Years:71.17%
1 Year:-

Compounded Profit Growth

5 Years:9.37%
1 Year:-

Stock Price Performance

1 Year:+5.61%
6 Months:+3.10%
3 Months:+42.21%
1 Month:+44.44%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -1.80M148.25K15.27M-78.51M74.36M153.56M1.62B
Current Assets -----5.45M2.66M79.15M1.13B
Cash & Equivalents -1.77M101.10K15.20M-5.31M2.06M78.94M737.88M
Inventory -----073.00K18.00K352.00K
Receivables -----13.00K65.00K27.00K519.00K
Total Liabilities 1.50K3.31M2.96M693.21K-13.39M5.65M46.27M20.66M
Current Liabilities -----4.59M4.81M4.56M11.07M
Long Term Debt -----7.19M---
Total Debt -----8.27M2.77M1.18M1.81M
Total Equity -1.50K-1.52M-2.81M14.57M-65.12M68.70M107.29M1.60B
Shares Outstanding -----55.96M77.45M129.01M224.16M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -2.36M-2.24M-11.54M--15.38M-18.32M-16.21M-30.29M
Investing Cash Flow -7.01K-21.34K-11.97K--2.23M-2.61M-6.04M-788.33M
Financing Cash Flow 4.13M599.04K26.65M-6.17M17.68M99.14M1.48B
Capital Expenditure -7.01K-21.34K-11.97K--870.00K-2.11M-6.04M-6.69M
Free Cash Flow -2.37M-2.27M-11.55M--16.25M-20.43M-22.25M-36.98M
Net Change in Cash -----11.43M-3.25M76.89M658.93M
Dividends Paid -----865.00K215.00K-

Ratios (Annual)

Figures in %.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----55.1%45.3%30.0%9.8%
Operating Margin % ------21,062.5%-7,330.4%-6,953.6%-7,489.3%
Net Margin % ------19,101.5%-7,548.0%-18,375.9%-2,738.1%
ROE % 11,666.7%692.6%298.0%-169.7%--39.9%-39.3%-63.9%-1.2%
ROCE % ------38.8%-37.7%-17.4%-3.2%

Shareholding Pattern

Insiders
11.89%
Institutions
42.25%
Public Float
47.95%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 55.55% 16.14M $193.02M
2 Vanguard Capital Management LLC 30.16% 8.76M $104.80M
3 Vanguard Portfolio Management LLC 23.09% 6.71M $80.25M
4 Geode Capital Management, LLC 16.18% 4.70M $56.22M
5 State Street Corporation 15.55% 4.52M $54.02M
6 Defiance Etfs, LLC 15.47% 4.50M $53.76M
7 Marex Group Plc 15.45% 4.49M $53.69M
8 Penserra Capital Management LLC 11.53% 3.35M $40.06M
9 Morgan Stanley 7.99% 2.32M $27.76M
10 Mirae Asset Global ETFs Holdings Ltd. 7.58% 2.20M $26.35M

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