Quantum Computing Inc. (QUBT) Stock Price & Analysis
Quantum Computing Inc. (QUBT) closed at USD 6.59 on Thursday, October 22, 2026, down 3.37% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 6.82; the Oct 22, 2026 session ranged USD 6.51–6.81 on volume of 4,728,201 shares. Market capitalization is $1.49B, with a 52-week range of USD 6.08–17.35 (NCM). Source: Nexqual, retrieved October 23, 2026 at 10:32 UTC.
Also available as compact Markdown for AI agents: nexqual.com/QUBT.md
Key facts (QUBT)
- Last four reported quarters (through Jun 30, 2026): revenue $9.8M, net income -$15.0M (-152.5% margin), free cash flow -$51.5M (SEC filings).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (6 analysts), mean target USD 18.67 (range 10–32).
- Total return with dividends: 1Y -58.7% vs S&P 500 +14.9%; 5Y +24.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD -0.06, revenue estimate $7.5M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (QUBT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | — | $136K | $358K | $373K | $682K | $9.8M |
| Gross profit | — | $75K | $162K | $112K | $67K | — |
| Operating income | -$17.1M | -$28.6M | -$26.2M | -$25.9M | -$51.1M | -$76.2M |
| Net income | -$27.9M | -$26.0M | -$27.0M | -$68.5M | -$18.7M | -$15.0M |
| EPS (diluted) | -$0.96 | -$0.73 | -$0.42 | -$0.73 | -$0.11 | — |
| Free cash flow | -$6.8M | -$16.2M | -$20.4M | -$22.2M | -$37.0M | -$51.5M |
| Gross margin | — | 55.1% | 45.3% | 30.0% | 9.8% | — |
| Operating margin | — | -21062.5% | -7330.4% | -6953.6% | -7489.3% | -775.5% |
| Net margin | — | -19101.5% | -7548.0% | -18375.9% | -2738.1% | -152.5% |
| Revenue growth | — | — | +163.2% | +4.2% | +82.8% | — |
| Cash + short-term investments | $16.7M | $5.3M | $2.1M | $78.9M | $1.12B | — |
| Total debt | — | $8.4M | $2.4M | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (QUBT)
P/S 151.8x · P/B 0.9x · FCF yield -3.45% · Earnings yield -1.00%
Analysts (QUBT)
Consensus Buy (mean 2.33 on a 1–5 scale), 6 analysts; mean target USD 18.67 (low 10, high 32).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Rosenblatt | Maintained | Buy | $22 |
| 2026-08-26 | Ascendiant Capital | Target raised | Buy | $30 → $32 |
| 2026-08-11 | Cantor Fitzgerald | Maintained | Neutral | $10 |
| 2026-06-29 | Rosenblatt | Maintained | Buy | $22 |
Total return (dividends reinvested) (QUBT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -58.7% | +24.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -58.8% | +4.5% |
| Volatility (annualized) | 88.6% | 112.9% |
| Max drawdown | -62.2% (Oct 2025→Mar 2026) | -92.4% (Nov 2021→Jun 2024) |
QUBT revenue by product line (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Service | $368,000 | 54.0% | +6.4% |
| Product | $314,000 | 46.0% | +1063.0% |
| Total revenue | $682,000 | 100% | — |
QUBT revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $592,000 | 86.8% | +58.7% |
| Europe | $65,000 | 9.5% | — |
| Asia | $25,000 | 3.7% | — |
| Total revenue | $682,000 | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
QUBT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.06 | $-0.08 | -25.0% | $7.5M | 3 |
| Next quarter (ends Dec 2026) | $-0.07 | $-0.08 | -6.3% | $11.4M | 2 |
| Current fiscal year (ends Dec 2026) | $-0.23 | $-0.33 | -29.3% | $28.2M | 3 |
| Next fiscal year (ends Dec 2027) | $-0.24 | $-0.38 | -37.7% | $52.4M | 3 |
QUBT options: expected move
Options price a move of about ±14.5% (±$0.96) by Nov 13, 2026, which includes earnings on Nov 9, 2026. Over the last 6 reports the stock moved ±10.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 69.8% | ±8.2% |
| Nov 6, 2026 | 14 | 79.1% | ±12.7% |
| Nov 13, 2026 | 21 | 74.8% | ±14.5% |
| Nov 20, 2026 | 28 | 67.7% | ±15.1% |
| Nov 27, 2026 | 35 | 64.0% | ±15.8% |
| Dec 18, 2026 | 56 | 64.2% | ±21.3% |
| Jan 15, 2027 | 84 | 65.7% | ±26.2% |
| Apr 16, 2027 | 175 | 76.1% | ±42.2% |
30-day implied volatility 68.1% vs 58% realized over the last 30 trading days. Put/call ratio (volume) 0.63. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:32 UTC)
| Price | USD 6.59 |
|---|---|
| Change | ▼ 3.37% (down) |
| Previous Close | USD 6.82 |
| Open | USD 6.53 |
| Day Range | USD 6.51 – 6.81 |
| 52-Week Range | USD 6.08 – 17.35 |
| Volume | 4,728,201 shares |
| Market Cap | $1.49B |
| Exchange | NCM |
Technical Analysis (QUBT)
Nexqual's technical model rates QUBT "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:32 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 37.48 (neutral) |
| vs SMA50 | Below (USD 8.02) |
| MACD | -0.5 (negative) |
Analyst Ratings (QUBT)
Wall Street analysts rate QUBT "Buy" based on 6 analysts, with a mean price target of USD 18.67 (range USD 10–32), per Nexqual as of October 23, 2026 at 10:32 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 18.67 |
| High Target | USD 32 |
| Low Target | USD 10 |
| Buy / Hold / Sell | 4 / 2 / 0 |
Earnings (QUBT)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD -0.06 |
| Revenue Estimate | $7.54M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.04 vs est -0.05 ▲ beat |
| 2026-03-31 | USD -0.03 vs est -0.05 ▲ beat |
| 2025-12-31 | USD -0.04 vs est -0.04 ▲ beat |
| 2025-09-30 | USD 0.07 vs est -0.05 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:32 UTC.
Financials & Fundamentals (QUBT)
| Total Revenue | $9.82M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9000.00% |
| Gross Margin | -18.92% |
| Operating Margin | -281.27% |
| Profit Margin | -152.45% |
| ROE | -1.51% |
| Debt / Equity | 0.01 |
| Current Ratio | 53.14 |
| Total Cash | $954.17M |
| Total Debt | $23.39M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$51.48M (-524.0% of revenue) |
Source: Nexqual, October 23, 2026 at 10:32 UTC.
Financial Health Score (QUBT)
Nexqual rates Quantum Computing Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:32 UTC.
| Growth | Strong — Revenue +83% YoY (annual) |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Strong — $954M cash vs $23M debt, net cash position |
| Cash Flow | Weak — FCF negative: -$51M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -2%, ROA -4.2% |
Ownership (QUBT)
| Insider Ownership | +12.16% |
|---|---|
| Institutional Ownership | +47.90% |
| Shares Outstanding | 226.35M |
| Float | 200.64M |
| Short % of Float | +33.63% |
Source: Nexqual, October 23, 2026 at 10:32 UTC.
Leadership (QUBT)
Quantum Computing Inc. is led by Yuping Huang, CEO, President & Chairman, per Nexqual as of October 23, 2026 at 10:32 UTC.
| CEO, President & Chairman | Yuping Huang |
|---|---|
| CFO, Principal Financial & Accounting Officer and General Counsel | Christopher Bruce Roberts |
| Chief Operating Officer | Milan Begliarbekov |
| Chief Technology Officer | Yong Meng Sua |
| Vice President of Human Resources | Carly Saxton |
Major Backers & Investors (QUBT)
Notable institutional backers of Quantum Computing Inc. include Defiance Etfs, LLC, Penserra Capital Management LLC, ETF Series Solutions-Defiance Quantum ETF, according to Nexqual as of October 23, 2026 at 10:32 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Defiance Etfs, LLC | 24.21% |
| Penserra Capital Management LLC | 24.02% |
| ETF Series Solutions-Defiance Quantum ETF | 24.02% |
| GLOBAL X FUNDS-Global X Artificial Intelligence & Technology ETF | 12.08% |
| Morgan Stanley | 11.33% |
| Fidelity | 11.01% |
| Marex Group Ltd. | 7.92% |
| Mirae Asset Global ETFs Holdings Ltd. | 7.82% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Geode Capital | 18.32% |
| State Street | 16.94% |
Source: Nexqual, October 23, 2026 at 10:32 UTC.
From Quantum Computing Inc.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- We also rely on the protection of laws regarding unregistered copyrights for certain content we create and trade secret laws to protect our proprietary technology.
- Our approach uses a combination of a high-powered laser, and a patented detection methodology deeply rooted in the fundamental principles of quantum mechanics, resulting in what we believe will provide trusted protection for private network communication. and rapidly evolving and will likely remain so for the foreseeable future.
- Our acquisition of QPhoton, Inc. in June 2022 (the "QPhoton Merger"), enabled us to offer the aforementioned products, integrated with the Company's former software platform, Qatalyst, that was developed before the QPhoton Merger. photonics approach, which allows us to condition, manipulate, and measure single and entangled photons (particles of light) and gives us the ability to exploit the non-linear capabilities of photons (our "Core Photonics Technology").
- We anticipate that our EQC may enable us to develop and produce multiple generations of quantum machines with increasing computational power, scalability, and speed. based on discrete components, including EQC's current designs, to a set of optical integrated circuits built on wafers using a crystalline material called thin film lithium niobate ("TFLN").
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| CRSR | Corsair Gaming, Inc. | USD 13.64 | ▼ 1.23% |
| IQMX | IQM Quantum Computers Oyj | USD 8.9 | ▼ 5.12% |
| CRCT | Cricut, Inc. | USD 6.41 | ▲ 1.26% |
| PSQL | Pasqal Holding SA | USD 5.65 | ▼ 8.28% |
| ADIG | ADI Global Distribution Inc. | USD 16.48 | ▼ 0.42% |
| UMAC | Unusual Machines, Inc. | USD 16.27 | ▼ 4.18% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:32 UTC. This page is informational and not investment advice.
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