Quantum Computing, Inc. (QUBT) Key Metrics
QUBT valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $1.44B
- Enterprise value
- $1.13B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 146.5
- Price / book
- 1.3 10-yr median 1.2
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 3.75
QUBT key metrics, 2012–2025
Fiscal year ended December 31, 2025 · U.S. dollarsQUBT valuation Price multiples at each fiscal year-end price.
Price / book−92.7%
1.1
2025 · hover or tap a bar for each year
20122025
Free cash flow yield−0.8 pts
−2.2%
2025 · hover or tap a bar for each year
20122025
QUBT returns How much profit the business earns on the capital it uses.
Return on equity+75.7 pts
−2.2%
2025 · hover or tap a bar for each year
20122025
Return on invested capital+25.7 pts
−15.8%
2025 · hover or tap a bar for each year
20122025
Return on assets+58.0 pts
−2.1%
2025 · hover or tap a bar for each year
20122025
Asset turnover−76.5%
0.00
2025 · hover or tap a bar for each year
20122025
QUBT per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+4.4%
$0.00
2025 · hover or tap a bar for each year
20122025
Earnings per share
−$0.11
2025 · hover or tap a bar for each year
20122025
Free cash flow per share
−$0.22
2025 · hover or tap a bar for each year
20122025
Book value per share+750.2%
$9.72
2025 · hover or tap a bar for each year
20122025
Dividends per share−100.0%
$0.00
2025 · hover or tap a bar for each year
20122025
Shares outstanding+75.2%
164.5M
2025 · hover or tap a bar for each year
20122025
QUBT financial health Debt, liquidity and how easily interest is covered.
Debt / equity−89.7%
0.00
2025 · hover or tap a bar for each year
20122025
Net debt−$1.0B
−$1.12B
2025 · hover or tap a bar for each year
20122025
Current ratio+489.7%
102.38
2025 · hover or tap a bar for each year
20122025
Interest coverage
-785.8
2025 · hover or tap a bar for each year
20122025
Debt / assets−85.5%
0.00
2025 · hover or tap a bar for each year
20122025
QUBT efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+937 days
1,119 days
2025 · hover or tap a bar for each year
20122025
Days of inventory+46 days
110 days
2025 · hover or tap a bar for each year
20122025
Days payables outstanding−1,344 days
638 days
2025 · hover or tap a bar for each year
20122025
Cash conversion cycle+2,327 days
590 days
2025 · hover or tap a bar for each year
20122025
Capex / revenue−637.3 pts
980.9%
2025 · hover or tap a bar for each year
20122025
QUBT valuation history
Fiscal year-endToday10-year median
QUBT returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
QUBT debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
QUBT cash returned to shareholders
DividendsBuybacksFree cash flow
QUBT price vs earnings per share
Share price at year-endEPS (right axis)
QUBT key metrics
2012–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.69B | $1.55B | $60.8M | $84.5M | — | — | — | — | — | — |
| Enterprise value | $572.2M | $1.48B | $61.5M | $89.4M | — | — | — | — | — | — |
| Price / sales | — | — | 169.9 | 623.0 | — | — | — | — | — | — |
| Price / book | 1.1 | 14.5 | 0.9 | 1.3 | — | — | — | — | — | — |
| EV / sales | 839.0 | — | 171.8 | 658.7 | — | — | — | — | — | — |
| Earnings yield | −1.1% | −4.4% | −44.4% | −45.7% | — | — | — | — | — | — |
| Free cash flow yield | −2.2% | −1.4% | −33.6% | −21.8% | — | — | — | — | — | — |
| Dividend yield | 0.0% | 0.0% | 1.4% | 0.1% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.3% | 1.4% | 0.1% | — | — | — | — | — | — |
| Share price at fiscal year-end | $10.26 | $16.55 | $0.91 | $1.51 | $3.41 | $14.11 | $3.00 | $3.00 | $0.80 | $0.60 |
| Per share | ||||||||||
| Revenue per share | $0.00 | $0.00 | $0.01 | $0.00 | — | — | — | — | — | — |
| Earnings per share | −$0.11 | −$0.73 | −$0.41 | −$0.69 | — | — | — | — | — | — |
| Operating cash flow per share | −$0.18 | −$0.17 | −$0.27 | −$0.31 | — | — | — | — | — | — |
| Free cash flow per share | −$0.22 | −$0.24 | −$0.31 | −$0.33 | — | — | — | — | — | — |
| Cash per share | $6.79 | $0.84 | $0.03 | $0.09 | — | — | — | — | — | — |
| Book value per share | $9.72 | $1.14 | $1.03 | $1.16 | — | — | — | — | — | — |
| Tangible book value per share | $9.34 | $0.46 | $0.02 | −$0.10 | — | — | — | — | — | — |
| Dividends per share | $0.00 | $0.00 | $0.01 | $0.00 | — | — | — | — | — | — |
| Capex per share | $0.04 | $0.06 | $0.03 | $0.02 | — | — | — | — | — | — |
| Debt per share | $0.01 | $0.01 | $0.04 | $0.18 | — | — | — | — | — | — |
| Shares outstanding | 164.5M | 93.9M | 66.6M | 56.0M | — | — | — | — | — | — |
| Change in shares outstanding | +75.2% | +40.9% | +19.0% | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −2.2% | −77.9% | −40.4% | −94.9% | −181.3% | −420.6% | — | — | — | — |
| Return on invested capital (ROIC) | −15.8% | −41.4% | −29.7% | −83.2% | — | — | — | — | — | — |
| Return on assets (ROA) | −2.1% | −60.1% | −35.4% | −80.6% | −171.4% | −320.9% | −819.5% | −553.8% | — | 55.2% |
| Return on tangible assets | −1.2% | −77.0% | −403.0% | −497.5% | −161.4% | −162.0% | — | −553.8% | — | 56.1% |
| Free cash flow margin | — | — | — | — | — | — | — | — | — | 10.3% |
| Income quality (OCF / net income) | — | — | — | — | — | — | — | — | — | 1.62 |
| Financial health | ||||||||||
| Total debt | $1.8M | $1.2M | $2.8M | $10.2M | $18,084 | $218,371 | $1.6M | $3.2M | — | $14,226 |
| Cash & short-term investments | $1.12B | $78.9M | $2.1M | $5.3M | $16.7M | $15.2M | $101,100 | $1.8M | — | $95,090 |
| Net debt | −$1.12B | −$77.8M | $706,000 | $4.9M | −$16.7M | −$15.0M | $1.5M | $1.4M | — | −$80,864 |
| Debt / equity | 0.00 | 0.01 | 0.04 | 0.16 | 0.00 | 0.01 | — | — | — | — |
| Debt / assets | 0.00 | 0.01 | 0.04 | 0.13 | 0.00 | 0.01 | 10.85 | 1.67 | — | 0.04 |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | — | −0.31 |
| Current ratio | 102.38 | 17.36 | 0.55 | 1.19 | 15.91 | 21.98 | 0.04 | 0.54 | — | 0.39 |
| Quick ratio | 102.34 | 17.36 | 0.54 | 1.12 | 15.91 | 21.98 | 0.04 | 0.54 | — | 0.27 |
| Interest coverage | -785.8 | -10.4 | -16.4 | -17.7 | -1.6 | -2.9 | -0.4 | -1.4 | — | -0.1 |
| Working capital | $1.12B | $74.6M | −$2.2M | $857,000 | $16.1M | $14.5M | −$2.8M | −$1.5M | — | −$606,568 |
| Invested capital | $482.8M | $29.5M | $69.4M | $70.0M | −$518,675 | −$403,107 | −$1.3M | −$13,526 | −$1,500 | −$673,069 |
| Tangible asset value | $1.54B | $42.7M | $1.1M | −$5.6M | $16.2M | $14.6M | −$2.8M | −$1.4M | — | −$592,206 |
| Net current asset value | $1.11B | $32.9M | −$3.0M | −$7.9M | $16.1M | $14.5M | −$2.8M | −$1.5M | — | −$606,568 |
| Graham net-net per share | $6.69 | $0.35 | −$0.05 | −$0.14 | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $0 | $215,000 | $865,000 | $102,390 | $117,454 | — | — | — | — | — |
| Share buybacks (net) | $0 | $4.1M | $0 | $0 | — | $0 | $0 | $0 | — | — |
| Capex / revenue | 980.9% | 1,618.2% | 589.9% | 641.1% | 62.1% | — | — | — | — | 0.4% |
| Capex / operating cash flow | — | — | — | — | — | — | — | — | — | 3.5% |
| Capex / depreciation | 1.35 | 1.59 | 0.64 | 0.26 | 2.16 | 1.81 | 8.08 | 59.95 | 59.95 | 3.58 |
| Stock-based compensation / revenue | 1,269.6% | 1,556.3% | 1,272.3% | 10,236.7% | 32,662.8% | — | — | — | — | — |
| R&D / revenue | 3,001.9% | 3,034.3% | 2,483.5% | 3,363.0% | 8,277.2% | — | — | — | — | — |
| SG&A / revenue | 4,497.2% | 3,949.3% | 4,892.2% | 23,658.5% | 46,556.6% | — | — | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 1,118.5 | 181.5 | 182.0 | 17.5 | 0.0 | — | — | — | — | 23.9 |
| Days of inventory on hand | 109.8 | 63.6 | 332.9 | 1,704.6 | — | — | — | — | — | 17.8 |
| Days payables outstanding | 638.0 | 1,981.6 | 2,173.2 | 4,004.0 | 16,866.3 | 16,143.4 | 18,822.3 | 86,598.6 | — | 58.2 |
| Cash conversion cycle (days) | 590.3 | -1,736.5 | -1,658.3 | -2,281.9 | -16,866.3 | — | — | — | — | -16.5 |
| Receivables turnover | 0.33 | 2.01 | 2.01 | 20.87 | — | — | — | — | — | 15.26 |
| Payables turnover | 0.57 | 0.18 | 0.17 | 0.09 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 6.27 |
| Inventory turnover | 3.32 | 5.74 | 1.10 | 0.21 | — | — | — | — | — | 20.50 |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 8.38 |
| Average receivables | $2.1M | $185,500 | $178,500 | $6,500 | $0 | — | — | — | — | $220,479 |
| Average payables | $1.1M | $1.4M | $1.2M | $668,435 | $415,788 | $292,484 | $136,140 | $27,759 | $192,960 | $355,695 |
| Average inventory | $185,000 | $45,500 | $178,786 | $284,573 | — | — | — | — | — | $108,788 |
| Intangibles / total assets | 3.8% | 42.0% | 91.0% | 90.1% | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% |
Computed from QUBT's annual financial statements (latest annual report filed March 2, 2026) 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.
QUBT valuation and financial ratios
Quantum Computing earned a return on equity of −2.2% and a return on invested capital of −15.8% in fiscal 2025. It ended the year with $1.8 million of debt and $1.1 billion in cash and short-term investments, a net cash position of $1.1 billion.
See the QUBT income statement, the QUBT chart for price history, or the QUBT stock overview for the latest quote and news.
QUBT key metrics FAQ
What is Quantum Computing's return on equity?
Quantum Computing's return on equity (ROE) was −2.2% in fiscal 2025: net income of -$18.7 million on average shareholders' equity of $852.8 million.
What is Quantum Computing's ROIC?
Quantum Computing's return on invested capital was −15.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Quantum Computing have?
Quantum Computing had total debt of $1.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
Does Quantum Computing pay a dividend?
Quantum Computing did not pay a dividend in fiscal 2025.
What is Quantum Computing's free cash flow yield?
Quantum Computing generated -$37.0 million of free cash flow in fiscal 2025, a free cash flow yield of −2.2% on its market value at year-end ($1.7 billion).
What is Quantum Computing's current ratio?
Quantum Computing's current ratio was 102.38 at the end of fiscal 2025: current assets were 102.38 times current liabilities.