Quantinuum Inc. (QNT) Balance Sheet
QNT balance sheet, 2025
December 31, 2025 · U.S. dollars$1.85B assets = $158.0M liabilities + $1.69B equity
Both columns are drawn to the same scale: what QNT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
QNT financial health
Descriptive bands, not a rating. Fiscal 2025.
QNT balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.07B2024 | $1.85B2025 | +72.4%/yr | |
| Total liabilities | $71.7M2024 | $158.0M2025 | +120.3%/yr | |
| Shareholders’ equity | $998.6M2024 | $1.69B2025 | +69.0%/yr | |
| Cash & short-term investments | $172.3M2024 | $768.4M2025 | +345.9%/yr | |
| Total debt | $7.6M2024 | $10.5M2025 | +37.0%/yr | |
| Net cash (debt) | $164.7M2024 | $758.0M2025 | +$593.2M | |
| Working capital | $168.1M2024 | $745.6M2025 | +$577.5M | |
| Book value per share | $28.812024 | $50.822025 | +76.4%/yr | |
| Debt / equity | 0.012024 | 0.012025 | 0.00 | |
| Shares outstanding | 34.7M2024 | 33.2M2025 | −4.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
QNT assets
QNT liabilities and equity
QNT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
QNT balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $768.4M | $172.3M |
| Cash & equivalents | $762.6M | $172.3M |
| Short-term investments | $5.8M | $0 |
| Receivables | $13.3M | $13.0M |
| Inventory | $0 | $0 |
| Other current assets | $20.1M | $13.6M |
| Total current assets | $801.8M | $198.9M |
| Property, plant & equipment (net) | $131.0M | $80.0M |
| Goodwill & intangible assets | $900.4M | $782.8M |
| Long-term investments | $10.1M | $0 |
| Other non-current assets | $2.4M | $8.6M |
| Total assets | $1.85B | $1.07B |
| Liabilities | ||
| Accounts payable | $10.6M | $8.1M |
| Short-term debt | $3.3M | $2.6M |
| Deferred revenue | $6.1M | $1.4M |
| Total current liabilities | $56.3M | $30.9M |
| Long-term debt | $0 | $0 |
| Lease obligations | $10.5M | $7.6M |
| Other long-term liabilities | $101.8M | $40.9M |
| Total liabilities | $158.0M | $71.7M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $30,000 | $30,000 |
| Retained earnings (deficit) | −$744.8M | −$552.2M |
| Accumulated other comprehensive income | $3.5M | −$56.2M |
| Total shareholders' equity | $1.69B | $998.6M |
| Key figures | ||
| Total debt | $10.5M | $7.6M |
| Net cash (debt) | $758.0M | $164.7M |
| Working capital | $745.6M | $168.1M |
| Tangible book value | $787.2M | $215.8M |
| Book value per share | $50.82 | $28.81 |
| Shares outstanding | 33.2M | 34.7M |
| Current ratio | 14.25 | 6.45 |
| Quick ratio | 13.90 | 6.01 |
| Debt / equity | 0.01 | 0.01 |
| Equity / assets | 91.4% | 93.3% |
| Jun '26 | Mar '26 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $2.11B | $2.27B |
| Cash & equivalents | $2.11B | $2.26B |
| Short-term investments | $5.8M | $5.8M |
| Receivables | $9.1M | $4.0M |
| Inventory | $0 | $0 |
| Other current assets | $32.9M | $26.8M |
| Total current assets | $2.15B | $2.30B |
| Property, plant & equipment (net) | $181.5M | $160.4M |
| Goodwill & intangible assets | $874.7M | $883.5M |
| Long-term investments | $7.2M | $8.7M |
| Other non-current assets | $17.8M | $13.1M |
| Total assets | $3.23B | $3.36B |
| Liabilities | ||
| Accounts payable | $29.4M | $17.1M |
| Short-term debt | — | $2.8M |
| Deferred revenue | — | $7.3M |
| Total current liabilities | $138.7M | $62.8M |
| Long-term debt | $0 | $0 |
| Lease obligations | $32.7M | $22.0M |
| Other long-term liabilities | $85.9M | $78.1M |
| Total liabilities | $224.6M | $140.9M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $26,000 | $27,000 |
| Retained earnings (deficit) | −$65.4M | −$11.3M |
| Accumulated other comprehensive income | −$1.6M | −$67,000 |
| Minority interest | $2.59B | $2.82B |
| Total shareholders' equity | $413.1M | $406.0M |
| Key figures | ||
| Total debt | $29.9M | $24.8M |
| Net cash (debt) | $2.08B | $2.24B |
| Working capital | $2.01B | $2.24B |
| Tangible book value | −$461.7M | −$477.5M |
| Book value per share | $12.18 | $11.71 |
| Shares outstanding | 33.9M | 34.7M |
| Current ratio | 15.49 | 36.61 |
| Quick ratio | 15.25 | 36.18 |
| Debt / equity | 0.07 | 0.06 |
| Equity / assets | 12.8% | 12.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
QNT financial position
At the end of fiscal 2025 (December 31, 2025), Quantinuum had total assets of $1.8 billion (up 72.4% from a year earlier), total liabilities of $158.0 million and shareholders' equity of $1.7 billion. It held $768.4 million in cash and short-term investments against $10.5 million of debt, a net cash position of $758.0 million. Its current ratio was 14.25. In the latest quarter (ended June 30, 2026) total assets were $3.2 billion and equity $413.1 million.
Related: QNT income statement, QNT cash flow statement, QNT key metrics. See the QNT stock overview for the latest quote and news.
QNT balance sheet FAQ
What are Quantinuum's total assets?
Quantinuum reported total assets of $1.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Quantinuum have?
Quantinuum had $10.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Quantinuum have?
Quantinuum held $768.4 million in cash and short-term investments at the end of fiscal 2025; with $10.5 million of debt that is net cash of $758.0 million.
What is Quantinuum's book value?
Quantinuum's shareholders' equity (book value) was $1.7 billion at the end of fiscal 2025, or $50.82 per share.
What is Quantinuum's current ratio?
Quantinuum had current assets of $801.8 million and current liabilities of $56.3 million, a current ratio of 14.25 (it can cover its short-term obligations).
How much goodwill does Quantinuum have?
Quantinuum carried $900.4 million of goodwill and intangible assets, 48.8% of total assets, at the end of fiscal 2025.