Quantum Computing, Inc. (QUBT) AI Stock Analysis

Quantum Computing, Inc., based in Leesburg, Virginia, develops software tools and applications designed for quantum computing environments. Its core offering is Qatalyst, a quantum application accelerator that allows developers to build and run quantum-ready applications on classical computers with compatibility for future quantum systems. In addition to software, the company provides access to quantum processing units from hardware providers including D-Wave, Rigetti, and IonQ. Quantum Computing, Inc. serves commercial enterprises and government clients seeking quantum capabilities. Originally established in 2018 under the name Innovative Beverage Group Holdings, Inc., the company focuses on bridging traditional computing and quantum platforms.

Revenue expanded from $31,240 in FY2021 to $682,000 in FY2025, reflecting an 82.8% increase in FY2025. Gross margin decreased from 55.1% in FY2022 to 9.8% in FY2025. Operating margins remained deeply negative across this span, finishing at -7489.3% in FY2025. The company posted net losses of -$27.9M in FY2021, -$38.6M in FY2022, -$27.0M in FY2023, -$68.5M in FY2024, and -$18.7M in FY2025. Research and development expense rose from $2.6M in FY2021 to $20.5M in FY2025. For the trailing twelve months ended June 30, 2026, revenue stood at $9.8M, supported by latest quarter revenue growth of 9000.0% year-over-year.

As of June 30, 2026, Quantum Computing, Inc. held $954.2M in cash and short-term investments alongside total debt of $23.4M, resulting in net cash of $930.8M. The current ratio was 53.13, and the debt-to-equity ratio stood at 0.01 based on $1.59B in shareholders' equity. For FY2025, operating cash flow was -$30.3M and free cash flow was -$37.0M, which included capital expenditures of $6.7M. Over the past five years, the company's share count increased by 670.7%.

Quantum Computing, Inc. holds a market capitalization of $1.44B and an enterprise value of $1.13B. The stock trades at a price-to-sales multiple of 146.5x and an enterprise value to revenue multiple of 114.2x, compared to a median price-to-sales multiple of 2.8x for its US-listed Technology peers. The price-to-book ratio is 1.3x. Over the past year, QUBT shares fell 66.1%, while the S&P 500 (SPY) returned 16.8%. Over a five-year period, the stock gained 10.8% compared to an 83.0% gain for the index.

Wall Street coverage includes 4 Strong Buy ratings, 2 Hold ratings, and no Buy, Sell, or Strong Sell ratings. The mean price target is $18.67, representing an upside of 193.5% relative to the October 16, 2026 close of $6.36. For the fiscal year ending December 31, 2026, consensus estimates anticipate revenue of $28.2M and EPS of -$0.23. For the following fiscal year, 3 analysts project revenue of $52.4M and EPS of -$0.24. The company has beaten EPS expectations in 3 of the last 4 quarters, and its next earnings date is November 13, 2026.

This page is an AI-written research summary of Quantum Computing, Inc. (QUBT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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