# Quantum Computing Inc. (QUBT)

> Source: Nexqual · https://nexqual.com/QUBT · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Quantum Computing Inc. (QUBT), nexqual.com/QUBT" · informational, not investment advice.

**Price:** USD 6.59 (-3.37% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 6.82 · day 6.51–6.81 · 52w 6.08–17.35 · market cap $1.49B · NCM

## Key facts
- 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)
| 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)
P/S 151.8x · P/B 0.9x · FCF yield -3.45% · Earnings yield -1.00%

## Analysts
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)
|  | 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) |

## Peers (Computer Hardware)
CRSR (Corsair Gaming, Inc.) USD 13.64 -1.23% · CRCT (Cricut, Inc.) USD 6.41 +1.26% · IQMX (IQM Quantum Computers Oyj) USD 8.9 -5.12% · ADIG (ADI Global Distribution Inc.) USD 16.48 -0.42% · PSQL (Pasqal Holding SA) USD 5.65 -8.28% · UMAC (Unusual Machines, Inc.) USD 16.27 -4.18%

## More
Full page: https://nexqual.com/QUBT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Service | $368,000 | 54.0% | +6.4% |
| Product | $314,000 | 46.0% | +1063.0% |
| Total revenue | $682,000 | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $592,000 | 86.8% | +58.7% |
| Europe | $65,000 | 9.5% | — |
| Asia | $25,000 | 3.7% | — |
| Total revenue | $682,000 | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.06 | $-0.08 | -25.0% | $7.5M | 3 |
| Next quarter (ends 2026-12-31) | $-0.07 | $-0.08 | -6.3% | $11.4M | 2 |
| Current fiscal year (ends 2026-12-31) | $-0.23 | $-0.33 | -29.3% | $28.2M | 3 |
| Next fiscal year (ends 2027-12-31) | $-0.24 | $-0.38 | -37.7% | $52.4M | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-13 (includes earnings 2026-11-09): ±14.5%; last 6 reports averaged ±10.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 69.8% | ±8.2% |
| 2026-11-06 | 14 | 79.1% | ±12.7% |
| 2026-11-13 | 21 | 74.8% | ±14.5% |
| 2026-11-20 | 28 | 67.7% | ±15.1% |
| 2026-11-27 | 35 | 64.0% | ±15.8% |
| 2026-12-18 | 56 | 64.2% | ±21.3% |
| 2027-01-15 | 84 | 65.7% | ±26.2% |
| 2027-04-16 | 175 | 76.1% | ±42.2% |