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Quantum Computing Inc.

QUBT

Quantum Computing Inc. (QCi) is an American technology company that develops and delivers high-performance computing solutions utilizing integrated photonics and non-linear quantum optics.

Market cap
$1.97B-23.7%
Revenue$4.3M+1,026%
Net income-$39.7M+12.0%
Free cash flow-$42.1M-83.0%
EPS (diluted)-$0.16+78.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 5 days)
Revenue estimate$5.2M
EPS estimate-$0.04

Financials

Q1 2026

Income statement

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Revenue$3.7M+9,364%
Gross profit-$721.0K-5,646%
Operating income-$20.6M-148%
Net income-$4.1M-124%
EPS (diluted)-$0.02-118%

Balance sheet

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Cash & equivalents$257.7M+54.8%
Total debt$5.4M+259%
Total equity$1.6B+623%
Total assets$1.6B+568%

Cash flow

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Operating cash flow-$9.4M-113%
CapEx$1.8M+5.1%
Free cash flow-$11.2M-82.4%

Valuation & ratios

Valuation

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Market cap$1.97B-23.7%
Enterprise value$1.72B-31.1%
P/S454.8×-9,027×

Profitability

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Operating margin-1,461.5%-649pp
Net margin-916.2%-439pp
FCF margin-970.6%-442pp

Returns & leverage

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Return on equity-4.4%-2.0pp
Debt / equity0.0×
Current ratio66.7×+22.0×

Competitors

Profile

Quantum Computing Inc. (QCi) is an American technology company that develops and delivers high-performance computing solutions utilizing integrated photonics and non-linear quantum optics. The company's core value proposition centers on room-temperature, low-power quantum machines and photonic integrated circuits designed for real-world applications in AI, cybersecurity, and remote sensing. By leveraging thin film lithium niobate (TFLN) technology, QCi aims to provide scalable and affordable alternatives to traditional cryogenic quantum systems.

Competitive position

QCi differentiates itself by offering room-temperature, rack-mountable quantum hardware that avoids the high power and cooling requirements of cryogenic competitors. The company is vertically integrating through its own TFLN chip fabrication facility to control the core photonic components of its technology stack.

GeographiesUnited States
Customer segmentsGovernment, Aerospace and Defense, Enterprise, Research and Academia
Business modelHardware manufacturing, Foundry services, Cloud-based service (QaaS), Professional services
SuppliersTFLN wafer suppliers, Specialized optical component manufacturers, Semiconductor fabrication equipment providers, Cloud infrastructure providers (Amazon Web Services)
CustomersDepartment of Defense, Aerospace manufacturers, Financial institutions, Logistics and medicine researchers
Listed2004
Employees48.0
CEOYuping Huang
FilingsSEC EDGAR

FAQ

What is Quantum Computing Inc.'s market cap?
Quantum Computing Inc. (QUBT) has a market capitalization of $2.0B and trades on NASDAQ.
What is Quantum Computing Inc.'s revenue and profitability?
Quantum Computing Inc. generated $4.3M in trailing twelve-month revenue with a net loss of $39.7M, representing a net margin of -916.2%. Gross margin stands at 36.4%, with free cash flow of -$42.1M. These figures are based on the Q1 2026 filing.
Who are Quantum Computing Inc.'s competitors?
Quantum Computing Inc.'s key competitors include IonQ, D-Wave Quantum, Rigetti Computing, and others. These companies compete in similar markets and product categories.
Who does Quantum Computing Inc. partner with?
Quantum Computing Inc.'s notable partners include Amazon Web Services, Stevens Institute of Technology, Arizona State University.
What subsidiaries does Quantum Computing Inc. have?
Quantum Computing Inc.'s subsidiaries include QPhoton, Inc., Luminar Semiconductor, Inc., QI Solutions, Inc..
Where is Quantum Computing Inc. headquartered?
Quantum Computing Inc. is headquartered in United States of America and employs approximately 48 people. It has been publicly traded since 2004.