Quantinuum Inc. (QNT) Key Metrics
QNT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $9.71B
- Enterprise value
- −$112.3M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 422.7
- Price / book
- 4.8
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
QNT key metrics, 2024–2025
Fiscal year ended December 31, 2025 · U.S. dollarsQNT returns How much profit the business earns on the capital it uses.
QNT per-share figures Results divided by the shares outstanding at year-end.
QNT financial health Debt, liquidity and how easily interest is covered.
QNT efficiency & capital use Working capital cycle and where the cash goes.
QNT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
QNT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
QNT key metrics
2024–2025| 2025 | 2024 | |
|---|---|---|
| Per share | ||
| Revenue per share | $0.93 | $0.66 |
| Earnings per share | −$2.15 | −$4.16 |
| Operating cash flow per share | −$4.83 | −$3.49 |
| Free cash flow per share | −$7.09 | −$3.89 |
| Cash per share | $23.14 | $4.97 |
| Book value per share | $50.82 | $28.81 |
| Tangible book value per share | $23.71 | $6.23 |
| Capex per share | $2.26 | $0.40 |
| Debt per share | $0.31 | $0.22 |
| Shares outstanding | 33.2M | 34.7M |
| Change in shares outstanding | −4.2% | — |
| Returns & profitability | ||
| Return on equity (ROE) | −5.3% | −14.4% |
| Return on invested capital (ROIC) | −47.5% | −14.5% |
| Return on assets (ROA) | −4.9% | −13.5% |
| Return on tangible assets | −7.6% | −50.1% |
| Free cash flow margin | −760.9% | −587.0% |
| Financial health | ||
| Total debt | $10.5M | $7.6M |
| Cash & short-term investments | $768.4M | $172.3M |
| Net debt | −$758.0M | −$164.7M |
| Debt / equity | 0.01 | 0.01 |
| Debt / assets | 0.01 | 0.01 |
| Current ratio | 14.25 | 6.45 |
| Quick ratio | 14.25 | 6.45 |
| Working capital | $745.6M | $168.1M |
| Invested capital | $929.6M | $833.9M |
| Tangible asset value | $787.2M | $215.8M |
| Net current asset value | $643.8M | $127.2M |
| Graham net-net per share | $18.68 | $3.18 |
| Capital allocation | ||
| Capex / revenue | 242.7% | 60.8% |
| Capex / depreciation | 2.52 | 0.43 |
| Stock-based compensation / revenue | 0.0% | 1.6% |
| R&D / revenue | 1,310.2% | 532.0% |
| SG&A / revenue | 428.9% | 136.3% |
| Efficiency | ||
| Days sales outstanding | 155.5 | 207.2 |
| Days payables outstanding | 291.7 | 273.1 |
| Cash conversion cycle (days) | -136.2 | -65.9 |
| Receivables turnover | 2.35 | 1.76 |
| Payables turnover | 1.25 | 1.34 |
| Asset turnover | 0.02 | 0.02 |
| Average receivables | $13.2M | $13.0M |
| Average payables | $9.4M | $8.1M |
| Intangibles / total assets | 48.8% | 73.1% |
Computed from QNT's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
QNT valuation and financial ratios
Quantinuum earned a return on equity of −5.3% and a return on invested capital of −47.5% in fiscal 2025. It ended the year with $10.5 million of debt and $768.4 million in cash and short-term investments, a net cash position of $758.0 million.
See the QNT income statement, the QNT chart for price history, or the QNT stock overview for the latest quote and news.
QNT key metrics FAQ
What is Quantinuum's return on equity?
Quantinuum's return on equity (ROE) was −5.3% in fiscal 2025: net income of -$71.5 million on average shareholders' equity of $1.3 billion.
What is Quantinuum's ROIC?
Quantinuum's return on invested capital was −47.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Quantinuum have?
Quantinuum had total debt of $10.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is Quantinuum's current ratio?
Quantinuum's current ratio was 14.25 at the end of fiscal 2025: current assets were 14.25 times current liabilities.