Quantum Computing (QUBT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Quantum Computing

NasdaqCM•Technology•Computer Hardware

$8.00+0.16(0.02%)Pre-market

Market Cap

$1.90B

P/S

193.1x

P/B

1.2x

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.

How this company scores

AverageMetricSide Score: 56/100

Strongest: Growth (20/25); weakest: Cash & Earnings Quality (4/25).

Profitability17/25

Growth20/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality4/25

Strengths

Growing revenueLong cash runwayInterest easily coveredProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 193.1x5y range 2.5x – 10306.7x

Currently near its 18-quarter median.

P/B · 1.2x5y range 0.0x – 16.2x

Currently above its 18-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.90B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.82M
Q. Revenue: $5.55M
TTM EBITDA: $-67.63M
TTM Op. Income: $-76.18M
Q. Op. Income: $-23.01M
TTM Net Income: $-14.98M
Q. Net Income: $-11.75M
EPS: $-0.05
Shares Out.: $224.73M

$9.82M in TTM revenue grew 3635.4% YoY, reaching $5.55M last quarter. TTM EBITDA of $-67.63M and TTM operating income of $-76.18M show growth is flowing through to the bottom line. However, net income is negative at $14.98M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: -21.0%
EBITDA Margin: -357.8%
Op. Margin: -414.6%
Net Margin: -211.7%

Op. margin of -414.6% is up 16259.2% YoY — cost efficiency is improving. Net margin at -211.7% and gross margin of -21.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 193.1x
P/B Ratio: 1.2x

P/S of 193.1x and P/B of 1.2x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.64B
Cash: $189.15M
Long-Term Debt: N/A
Book Value: $1.59B
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-13.87M
TTM Free Cash Flow: $-51.48M
FCF Margin: -524.0%
FCF / Net Income: 3.4

TTM FCF of $-51.48M on $-13.87M in operating cash flow. The FCF / Net Income ratio of 3.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.