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Other financials

Income statement

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Revenue$3.7M+9,364%
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

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Market cap$1.98B-23.4%
Enterprise value$1.73B-33.2%
P/S456.6×-9,371×

Profitability

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Gross margin36.4%+13.6pp
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×

Where this comes from

Calculated from Quantum Computing Inc.’s reported figures.

The source filing: Quantum Computing Inc.’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-054473
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Total revenue$3,691$39
Cost of revenue4,41226
Gross (loss) profit(721)13
Operating expenses
Research and development6,9692,985
Sales and marketing1,597672
General and administrative11,2634,642
Total operating expenses19,8298,299

Item 1. Financial Statements (Unaudited)

FAQ

What is Quantum Computing Inc.'s gross profit?
Quantum Computing Inc. (QUBT) reported gross profit of -$721K in Q1 2026.
How has Quantum Computing Inc.'s gross profit changed year-over-year?
Quantum Computing Inc.'s gross profit decreased by 5646.2% year-over-year, from $13K to -$721K.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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