Quantum Computing (QUBT) Financials

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$19.50 -0.02 (-0.08%)

As of 07:59 PM Eastern

Annual Income Statements for Quantum Computing

This table shows Quantum Computing's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-0.18	-11	-8.38	-25	-28	-27	-28	-69
Consolidated Net Income / (Loss)	-0.18	-11	-8.38	-25	-28	-26	-27	-69
Net Income / (Loss) Continuing Operations	-0.18	-11	-8.38	-25	-28	-26	-27	-69
Total Pre-Tax Income	-0.18	-11	-8.38	-25	-28	-26	-27	-69
Total Operating Income	-0.18	-5.80	-2.55	-17	-17	-29	-26	-26
Total Gross Profit	0.00	0.00	0.00	0.00	0.00	0.08	0.16	0.11
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.14	0.36	0.37
Operating Revenue	0.00	0.00	0.00	0.00	0.00	0.14	0.36	0.37
Total Cost of Revenue	0.00	0.00	0.00	0.64	0.00	0.06	0.20	0.26
Operating Cost of Revenue	0.00	0.00	0.00	0.64	0.00	0.06	0.20	0.26
Total Operating Expenses	0.18	5.80	2.55	17	17	29	26	26
Selling, General & Admin Expense	0.18	0.52	0.59	2.16	1.58	21	16	13
Marketing Expense	-	-	0.00	0.14	-	2.09	1.81	1.82
Research & Development Expense	0.00	0.25	0.89	1.54	2.59	5.22	8.89	11
Total Other Income / (Expense), net	0.00	-4.80	-5.83	-7.39	-11	2.67	-0.78	-43
Interest Expense	0.00	4.17	4.86	8.81	11	0.77	1.60	2.50
Interest & Investment Income	-	-	-	0.00	0.01	0.05	0.30	0.42
Other Income / (Expense), net	0.00	-0.63	-0.97	1.42	-	3.39	0.53	-41
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Stock Dividends Declared	-	-	-	-	-	0.89	0.86	0.00
Basic Earnings per Share	($0.19)	($2.22)	($1.14)	($0.88)	($0.96)	($0.73)	($0.42)	($0.73)
Weighted Average Basic Shares Outstanding	943.74K	4.72M	7.36M	27.97M	29.16M	36.68M	66.61M	93.88M
Diluted Earnings per Share	($0.19)	($2.22)	($1.14)	($0.88)	-	-	($0.42)	($0.73)
Weighted Average Diluted Shares Outstanding	943.74K	4.72M	7.36M	27.97M	29.16M	60.50M	66.61M	93.88M
Weighted Average Basic & Diluted Shares Outstanding	943.74K	4.72M	7.36M	27.97M	29.16M	60.50M	91.36M	137.24M

This table shows Quantum Computing's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-6.85	-8.21	-6.35	-7.63	-7.06	-6.84	-6.44	-5.19	-5.68	-51	17
Consolidated Net Income / (Loss)	-7.57	-6.17	-6.14	-7.42	-6.84	-6.63	-6.44	-5.19	-5.68	-51	17
Net Income / (Loss) Continuing Operations	-6.85	-7.35	-6.14	-7.42	-6.84	-6.63	-6.44	-5.19	-5.68	-51	17
Total Pre-Tax Income	-6.85	-7.35	-6.14	-7.42	-6.84	-6.63	-6.44	-5.19	-5.68	-51	17
Total Operating Income	-6.83	-10	-6.10	-6.96	-6.61	-6.58	-6.32	-5.27	-5.44	-8.91	-8.29
Total Gross Profit	0.01	-0.02	0.07	0.06	0.03	0.01	0.01	0.06	0.01	0.03	0.01
Total Revenue	0.04	0.00	0.12	0.11	0.05	0.08	0.03	0.18	0.10	0.06	0.04
Operating Revenue	0.04	0.00	0.12	0.11	0.05	0.08	0.03	0.18	0.10	0.06	0.04
Total Cost of Revenue	0.02	-1.34	0.06	0.05	0.02	0.07	0.02	0.13	0.09	0.03	0.03
Operating Cost of Revenue	0.02	-1.34	0.06	0.05	0.02	0.07	0.02	0.13	0.09	0.03	0.03
Total Operating Expenses	6.85	12	6.16	7.02	6.64	6.59	6.33	5.33	5.45	8.95	8.30
Selling, General & Admin Expense	2.72	15	3.55	4.17	3.73	4.27	3.66	2.80	2.84	3.61	4.64
Marketing Expense	-	-	0.43	0.39	0.58	0.41	0.45	0.43	0.36	0.58	0.67
Research & Development Expense	1.27	2.07	2.18	2.47	2.33	1.91	2.22	2.09	2.24	4.76	2.99
Total Other Income / (Expense), net	-0.02	3.27	-0.04	-0.46	-0.23	-0.05	-0.12	0.07	-0.24	-42	25
Interest Expense	0.02	0.42	-	-	-	-	0.16	-	-	-	0.06
Interest & Investment Income	0.00	0.00	-0.40	-0.48	-0.24	1.41	0.04	0.07	-0.24	0.70	1.70
Other Income / (Expense), net	-	-	0.35	0.02	0.01	0.15	0.00	0.00	0.00	-41	24
Income Tax Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Basic Earnings per Share	($0.22)	($0.10)	($0.11)	($0.12)	($0.10)	($0.09)	($0.08)	($0.06)	($0.06)	($0.53)	$0.13
Weighted Average Basic Shares Outstanding	33.90M	36.68M	58.95M	62.67M	71.59M	66.61M	81.93M	93.55M	93.05M	93.88M	135.22M
Diluted Earnings per Share	($0.11)	-	-	-	($0.10)	-	($0.08)	-	($0.06)	-	$0.11
Weighted Average Diluted Shares Outstanding	68.90M	60.50M	61.51M	74.30M	71.59M	66.61M	81.93M	-	93.05M	93.88M	153.01M
Weighted Average Basic & Diluted Shares Outstanding	53.30M	60.50M	61.51M	74.30M	75.10M	91.36M	-	-	99.09M	137.24M	140.90M

This table details how cash moves in and out of Quantum Computing's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	0.00	1.77	-1.67	15	1.54	-11	-3.25	77
Net Cash From Operating Activities	0.00	-2.36	-2.24	-12	-6.82	-15	-18	-16
Net Cash From Continuing Operating Activities	-0.35	-2.36	-2.24	-12	-6.82	-15	-18	-16
Net Income / (Loss) Continuing Operations	-0.18	-11	-8.38	-25	-28	-26	-27	-69
Consolidated Net Income / (Loss)	-0.18	-11	-8.38	-25	-28	-26	-27	-69
Depreciation Expense	0.00	0.00	0.00	0.01	0.01	1.86	3.31	3.80
Amortization Expense	-	-	-	-	0.00	0.55	0.93	2.06
Non-Cash Adjustments To Reconcile Net Income	-0.17	8.03	5.91	13	21	8.36	4.31	46
Changes in Operating Assets and Liabilities, net	0.00	0.12	0.23	0.08	0.15	-0.17	0.16	0.52
Net Cash From Investing Activities	0.00	-0.01	-0.02	-0.01	-0.02	-2.23	-2.61	-6.04
Net Cash From Continuing Investing Activities	0.00	-0.01	-0.02	-0.01	-0.02	-2.23	-2.61	-6.04
Purchase of Property, Plant & Equipment	0.00	-0.01	-0.02	-0.01	-0.02	-0.87	-2.11	-6.04
Other Investing Activities, net	-	-	-	0.00	-	0.00	-0.50	0.00
Net Cash From Financing Activities	0.00	4.13	0.60	27	8.39	6.17	18	99
Net Cash From Continuing Financing Activities	0.00	4.13	0.60	27	8.39	6.17	18	99
Repayment of Debt	-	0.00	-	-1.39	-	0.00	-6.19	-3.32
Repurchase of Preferred Equity	-	-	-	-	-	-	0.00	-4.10
Payment of Dividends	-	-	-	-	-	-0.79	-0.87	-0.22
Issuance of Common Equity	0.00	1.06	2.16	28	8.61	6.96	25	107
Cash Interest Paid	0.00	0.00	0.00	1.47	0.00	-	0.81	0.27

This table details how cash moves in and out of Quantum Computing's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	3.64	-5.07	1.46	0.43	0.18	-5.32	4.04	-3.58	0.54	76	87
Net Cash From Operating Activities	-4.29	-2.14	-4.30	-4.62	-4.43	-4.97	-3.85	-4.01	-4.58	-3.77	-4.43
Net Cash From Continuing Operating Activities	-4.29	-2.14	-4.30	-4.62	-4.43	-4.97	-3.85	-4.01	-4.58	-3.78	-4.43
Net Income / (Loss) Continuing Operations	-7.57	-6.17	-6.14	-7.42	-6.84	-6.63	-6.44	-5.19	-5.68	-51	17
Consolidated Net Income / (Loss)	-7.57	-6.17	-6.14	-7.42	-6.84	-6.63	-6.44	-5.19	-5.68	-51	17
Depreciation Expense	0.01	1.84	0.82	0.84	0.85	0.80	0.84	0.85	0.85	1.26	0.98
Amortization Expense	1.50	-1.20	0.21	0.28	0.24	0.20	0.14	-	0.19	1.74	0.00
Non-Cash Adjustments To Reconcile Net Income	1.17	3.87	0.49	1.54	0.98	1.30	1.29	0.66	0.78	43	-22
Changes in Operating Assets and Liabilities, net	0.60	-0.48	0.31	0.15	0.34	-0.64	0.31	-0.33	-0.72	1.25	-0.16
Net Cash From Investing Activities	-0.11	-0.75	-0.38	-0.70	-1.58	0.05	-1.58	-1.08	-0.51	-2.87	-1.73
Net Cash From Continuing Investing Activities	-0.11	-2.10	-0.38	-0.70	-1.58	0.05	-1.58	-1.08	-0.51	-2.87	-1.73
Purchase of Property, Plant & Equipment	-0.16	-0.70	-0.38	-0.20	-1.58	0.05	-1.58	-1.08	-0.51	-2.87	-1.73
Net Cash From Financing Activities	8.04	-2.19	6.13	5.76	6.19	-0.41	9.47	1.52	5.63	83	94
Net Cash From Continuing Financing Activities	8.04	-2.19	6.13	5.76	6.19	-0.41	9.47	1.52	5.63	83	94
Repayment of Debt	8.04	-8.04	0.00	-1.90	-2.13	-2.16	-2.06	-	7.00	-8.25	0.00
Repurchase of Preferred Equity	-	-	0.00	-	-	-	-0.46	-0.91	-1.37	-1.37	0.00
Payment of Dividends	-	-	-0.22	-0.22	-0.22	-0.22	-0.22	-	-	-	0.00
Issuance of Common Equity	-	6.96	6.35	7.87	8.54	1.97	12	2.43	-	92	94
Cash Interest Paid	-	-	0.25	0.35	0.12	0.09	0.03	-	-	0.24	0.02

This table presents Quantum Computing's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	0.00	1.80	0.15	15	17	79	74	154
Total Current Assets	0.00	1.79	0.12	15	17	5.45	2.66	79
Cash & Equivalents	0.00	1.77	0.10	15	17	5.31	2.06	79
Accounts Receivable	-	-	-	-	0.00	0.01	0.07	0.03
Inventories, net	-	-	-	0.00	-	0.00	0.07	0.02
Prepaid Expenses	0.00	0.02	0.02	0.04	0.48	0.13	0.18	0.16
Plant, Property, & Equipment, net	0.00	0.01	0.03	0.03	0.04	0.98	2.87	8.21
Total Noncurrent Assets	0.00	0.00	0.00	0.00	0.02	72	69	66
Goodwill	-	-	-	-	0.00	56	56	56
Intangible Assets	-	-	-	-	0.00	15	12	8.97
Other Noncurrent Operating Assets	-	0.00	0.00	0.00	0.02	1.33	1.18	1.65
Total Liabilities & Shareholders' Equity	0.00	1.80	0.15	15	17	79	74	154
Total Liabilities	0.00	3.31	2.96	0.69	1.08	13	5.65	46
Total Current Liabilities	0.00	3.31	1.98	0.69	1.06	4.59	4.81	4.56
Accounts Payable	0.00	0.05	0.22	0.37	0.46	0.87	1.46	1.37
Accrued Expenses	0.00	0.09	0.15	0.11	0.48	2.96	0.64	2.13
Current Deferred Revenue	-	-	-	-	-	-	0.00	0.08
Other Current Liabilities	-	-	-	0.00	0.12	1.29	0.79	0.97
Total Noncurrent Liabilities	0.00	0.00	0.98	0.00	0.02	8.27	2.77	42
Capital Lease Obligations	-	-	-	-	-	-	0.84	1.18
Other Noncurrent Operating Liabilities	0.00	0.00	0.98	-	0.02	8.27	1.93	41
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-0.00	-1.52	-2.81	15	16	65	69	107
Total Preferred & Common Equity	-0.00	-1.52	-2.81	15	16	65	69	107
Preferred Stock	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-0.00	-1.52	-2.81	15	16	65	69	107
Common Stock	9.87	11	17	48	67	169	201	308
Retained Earnings	-9.87	-20	-29	-53	-81	-104	-132	-200

This table presents Quantum Computing's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	92	95	90	89	89	79	76	77	243
Total Current Assets	7.25	11	7.05	7.52	7.55	6.83	3.42	3.91	167
Cash & Equivalents	6.74	10	6.76	7.20	7.38	6.10	2.53	3.06	166
Accounts Receivable	0.08	0.09	0.06	0.12	0.00	0.03	0.06	0.06	0.02
Inventories, net	-	-	-	-	-	0.16	0.27	0.24	0.13
Prepaid Expenses	0.42	0.32	0.22	0.20	0.17	0.25	0.27	0.24	0.66
Plant, Property, & Equipment, net	0.16	0.30	1.31	1.45	2.96	4.38	5.39	5.83	9.98
Total Noncurrent Assets	84	84	81	79	78	68	67	67	65
Goodwill	59	59	59	65	65	56	56	56	56
Intangible Assets	25	24	21	13	12	11	11	9.75	8.20
Other Noncurrent Operating Assets	0.02	0.06	1.21	1.18	1.12	1.12	1.06	1.75	1.55
Total Liabilities & Shareholders' Equity	92	95	90	89	89	79	76	77	243
Total Liabilities	1.30	11	13	12	8.09	3.86	3.60	11	22
Total Current Liabilities	1.28	3.63	11	11	6.94	3.08	2.89	2.43	3.74
Accounts Payable	0.76	0.89	0.92	0.94	1.13	1.68	1.67	0.92	2.02
Accrued Expenses	0.30	0.67	1.72	2.83	1.03	0.61	0.33	0.54	0.65
Current Deferred Revenue	-	-	-	-	0.01	0.01	0.10	0.05	0.08
Other Current Liabilities	0.22	1.53	0.40	0.24	0.03	0.79	0.79	0.92	0.99
Total Noncurrent Liabilities	0.02	7.52	1.26	1.21	1.15	0.78	0.71	8.48	18
Capital Lease Obligations	-	-	-	-	-	0.78	0.71	-	1.06
Other Noncurrent Operating Liabilities	0.02	0.01	1.25	1.21	1.15	-	-	8.48	17
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	91	84	77	77	81	68	66	60	221
Total Preferred & Common Equity	91	84	77	77	81	68	66	60	221
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	91	84	77	77	81	68	66	60	221
Common Stock	151	151	157	162	170	206	209	210	404
Retained Earnings	-94	-101	-128	-133	-141	-138	-144	-149	-184

This table displays calculated financial ratios and metrics derived from Quantum Computing's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	163.24%	4.19%
EBITDA Growth	0.00%	-3,570.95%	45.25%	-352.47%	-7.59%	-33.42%	5.95%	-182.14%
EBIT Growth	0.00%	-3,571.02%	45.21%	-352.32%	-7.60%	-47.42%	-1.83%	-158.48%
NOPAT Growth	0.00%	-3,213.69%	56.07%	-580.74%	1.23%	-67.22%	8.39%	1.17%
Net Income Growth	0.00%	-5,904.05%	20.23%	-195.12%	-12.79%	6.89%	-4.02%	-153.65%
EPS Growth	0.00%	-1,068.42%	48.65%	22.81%	0.00%	0.00%	0.00%	-73.81%
Operating Cash Flow Growth	0.00%	0.00%	4.95%	-414.36%	40.88%	-125.38%	-19.10%	11.48%
Free Cash Flow Firm Growth	0.00%	0.00%	84.99%	-2,101.12%	9.10%	-578.30%	67.62%	176.06%
Invested Capital Growth	0.00%	-7,468.40%	-1,048.98%	69.10%	-33.93%	11,179.75%	12.82%	-56.25%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	1.21%	25.78%	-3.37%
EBITDA Q/Q Growth	0.00%	0.00%	-120.43%	-10.76%	7.48%	-7.72%	17.62%	-209.24%
EBIT Q/Q Growth	0.00%	0.00%	-120.44%	-10.76%	7.47%	-9.89%	14.16%	-183.35%
NOPAT Q/Q Growth	0.00%	0.00%	-110.00%	-43.36%	7.47%	-24.65%	12.40%	-9.89%
Net Income Q/Q Growth	0.00%	0.00%	-150.72%	-19.97%	-21.94%	26.67%	-1.72%	-186.40%
EPS Q/Q Growth	0.00%	0.00%	-130.08%	48.54%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	18.51%	-87.69%	37.71%	-1.17%	-18.27%	6.85%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-82.14%	17.55%	18.00%	-52.88%	1,458.78%
Invested Capital Q/Q Growth	0.00%	0.00%	-444.57%	73.96%	-315.85%	-26.91%	-13.37%	-53.02%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	0.00%	0.00%	0.00%	0.00%	0.00%	55.15%	45.25%	30.03%
EBITDA Margin	0.00%	0.00%	0.00%	0.00%	0.00%	-16,796.32%	-6,000.84%	-16,249.87%
Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	-21,062.50%	-7,330.45%	-6,953.62%
EBIT Margin	0.00%	0.00%	0.00%	0.00%	0.00%	-18,568.38%	-7,182.96%	-17,820.11%
Profit (Net Income) Margin	0.00%	0.00%	0.00%	0.00%	0.00%	-19,101.47%	-7,548.04%	-18,375.87%
Tax Burden Percent	100.00%	99.18%	100.00%	100.00%	100.22%	100.00%	100.00%	100.00%
Interest Burden Percent	100.00%	164.91%	238.13%	155.37%	162.51%	102.87%	105.08%	103.12%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-67.65%	-28.86%	-37.43%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	-13.90%	236.25%	90.16%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	3.77%	-11.52%	-40.46%
Return on Equity (ROE)	11,666.67%	1,383.93%	387.19%	-420.56%	-181.30%	-63.89%	-40.38%	-77.89%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-134.42%	-40.91%	40.83%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	0.00%	-52.72%	-33.64%	-58.33%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	0.00%	-54.24%	-35.35%	-60.15%
Return on Common Equity (ROCE)	11,666.67%	1,383.93%	387.19%	-420.56%	-181.30%	-63.89%	-40.38%	-77.89%
Return on Equity Simple (ROE_SIMPLE)	0.00%	692.65%	298.02%	-169.71%	-172.19%	-39.89%	-39.33%	-63.89%
Net Operating Profit after Tax (NOPAT)	-0.12	-4.06	-1.78	-12	-12	-20	-18	-18
NOPAT Margin	0.00%	0.00%	0.00%	0.00%	0.00%	-14,743.75%	-5,131.31%	-4,867.53%
Net Nonoperating Expense Percent (NNEP)	0.00%	918.87%	453.25%	-187.00%	-100.30%	-53.76%	-265.11%	-127.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-26.42%	-16.74%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	44.85%	54.75%	69.97%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	15,744.12%	4,387.71%	3,461.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	3,835.29%	2,483.52%	3,034.32%
Operating Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	21,117.65%	7,375.70%	6,983.65%
Earnings before Interest and Taxes (EBIT)	-0.18	-6.42	-3.52	-16	-17	-25	-26	-66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.18	-6.42	-3.52	-16	-17	-23	-21	-61
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	1.98	6.14	1.24	1.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	1.98	6.14	0.00	65.06	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	591.81	191.54	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	1.26	1.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	552.78	188.13	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	-2.09	-0.57	0.02	0.00	0.00	0.01	0.01
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01
Financial Leverage	0.00	-0.92	-0.67	-1.15	-1.03	-0.27	-0.05	-0.45
Leverage Ratio	0.00	-1.18	-0.45	1.31	1.06	1.18	1.14	1.30
Compound Leverage Factor	0.00	-1.95	-1.07	2.04	1.72	1.21	1.20	1.34
Debt to Total Capital	0.00%	191.74%	-133.72%	1.48%	0.00%	0.00%	1.21%	1.09%
Short-Term Debt to Total Capital	0.00%	191.74%	-133.72%	1.48%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.21%	1.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	-91.74%	233.72%	98.52%	100.00%	100.00%	98.79%	98.91%
Debt to EBITDA	0.00	-0.49	-0.46	-0.01	0.00	0.00	-0.04	-0.02
Net Debt to EBITDA	0.00	-0.22	-0.43	0.94	0.00	0.00	0.06	1.28
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-0.04	-0.02
Debt to NOPAT	0.00	-0.78	-0.90	-0.02	0.00	0.00	-0.05	-0.07
Net Debt to NOPAT	0.00	-0.35	-0.85	1.23	0.00	0.00	0.07	4.28
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-0.05	-0.07
Altman Z-Score	0.00	0.00	-360.52	17.74	46.38	0.71	3.62	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.54	0.06	21.98	16.18	1.19	0.55	17.36
Quick Ratio	0.00	0.53	0.05	21.92	15.73	1.16	0.50	17.32
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-3.95	-0.59	-13	-12	-80	-26	20
Operating Cash Flow to CapEx	0.00%	-33,654.89%	-10,514.44%	-96,387.91%	-35,186.65%	-1,767.59%	-867.19%	-268.61%
Free Cash Flow to Firm to Interest Expense	0.00	-0.95	-0.12	-1.48	-1.11	-104.15	-16.25	7.93
Operating Cash Flow to Interest Expense	0.00	-0.57	-0.46	-1.31	-0.64	-19.92	-11.43	-6.50
Operating Cash Flow Less CapEx to Interest Expense	0.00	-0.57	-0.47	-1.31	-0.64	-21.05	-12.75	-8.91
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	9.18	8.11
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.74
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.27	0.19	0.07
Accounts Payable Turnover	0.00	0.00	0.00	2.20	0.00	0.09	0.17	0.18
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	39.76	45.01
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	63.63
Days Payable Outstanding (DPO)	0.00	0.00	0.00	166.11	0.00	3,999.65	2,173.24	1,981.63
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	-3,999.65	-2,133.48	-1,872.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	-0.00	-0.11	-1.30	-0.40	-0.54	60	67	30
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01
Increase / (Decrease) in Invested Capital	0.00	-0.11	-1.19	0.90	-0.14	60	7.67	-38
Enterprise Value (EV)	0.00	0.00	24	14	83	75	67	0.00
Market Capitalization	0.00	0.00	22	29	99	80	69	0.00
Book Value per Share	$0.00	($0.32)	($0.38)	$0.82	$0.56	$1.22	$0.91	$1.14
Tangible Book Value per Share	$0.00	($0.32)	($0.38)	$0.82	$0.56	($0.11)	$0.01	$0.46
Total Capital	-0.00	1.65	-1.20	15	16	65	70	108
Total Debt	0.00	3.17	1.61	0.22	0.00	0.00	0.84	1.18
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.84	1.18
Net Debt	0.00	1.40	1.51	-15	-17	-5.31	-1.22	-78
Capital Expenditures (CapEx)	0.00	0.01	0.02	0.01	0.02	0.87	2.11	6.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.00	-0.12	-0.35	-0.43	-0.58	-4.45	-4.22	-4.35
Debt-free Net Working Capital (DFNWC)	-0.00	1.65	-0.25	15	16	0.86	-2.16	75
Net Working Capital (NWC)	-0.00	-1.52	-1.86	15	16	0.86	-2.16	75
Net Nonoperating Expense (NNE)	0.05	6.45	6.60	13	16	5.93	8.65	50
Net Nonoperating Obligations (NNO)	0.00	1.40	1.51	-15	-17	-5.31	-1.22	-78
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.01	0.01	2.41	4.23	5.86
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	-3,272.79%	-1,177.37%	-1,167.02%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	630.15%	-602.23%	19,997.86%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	630.15%	-602.23%	19,997.86%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.14)	($0.88)	($0.96)	$0.00	$0.00	($0.73)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	7.76M	28.67M	29.16M	0.00	0.00	93.88M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.14)	($0.88)	($0.96)	$0.00	$0.00	($0.73)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	7.76M	28.67M	29.16M	0.00	0.00	93.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($1.14)	($0.88)	($0.96)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	7.36M	27.97M	29.16M	0.00	0.00	137.24M
Normalized Net Operating Profit after Tax (NOPAT)	-0.12	-4.06	-1.78	-12	-12	-20	-18	-18
Normalized NOPAT Margin	0.00%	0.00%	0.00%	0.00%	0.00%	-14,743.75%	-5,131.31%	-4,867.53%
Pre Tax Income Margin	0.00%	0.00%	0.00%	0.00%	0.00%	-19,101.47%	-7,548.04%	-18,375.87%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-1.54	-0.72	-1.81	-1.60	-32.71	-16.05	-26.63
NOPAT to Interest Expense	0.00	-0.97	-0.37	-1.38	-1.12	-25.97	-11.47	-7.27
EBIT Less CapEx to Interest Expense	0.00	-1.54	-0.73	-1.81	-1.60	-33.84	-17.37	-29.05
NOPAT Less CapEx to Interest Expense	0.00	-0.98	-0.37	-1.38	-1.12	-27.10	-12.79	-9.69
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-3.03%	-3.20%	-0.31%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-3.03%	-3.20%	-0.31%

This table displays calculated financial ratios and metrics derived from Quantum Computing's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	287.32%	71.03%	32.82%	4,501.23%	-77.69%	63.39%	102.00%	-17.33%	44.44%
EBITDA Growth	-11.36%	-108.71%	29.78%	-20.18%	-3.45%	43.64%	-13.34%	24.17%	20.02%	-753.76%	405.77%
EBIT Growth	-42.97%	-122.41%	14.41%	-35.98%	3.45%	37.50%	-10.05%	24.12%	17.58%	-668.50%	342.82%
NOPAT Growth	-42.97%	-122.41%	9.15%	-44.71%	3.26%	36.09%	-3.68%	24.30%	17.74%	-35.48%	-87.33%
Net Income Growth	-58.42%	60.50%	13.97%	-45.30%	9.62%	-7.40%	-4.87%	29.97%	17.04%	-673.16%	363.86%
EPS Growth	0.00%	0.00%	0.00%	0.00%	9.09%	0.00%	0.00%	0.00%	40.00%	0.00%	237.50%
Operating Cash Flow Growth	-96.16%	-9.09%	-2.48%	2.77%	-3.15%	-132.35%	10.47%	13.17%	-3.39%	24.02%	-15.15%
Free Cash Flow Firm Growth	-1,721.06%	-2,077.27%	-1,387.06%	103.67%	99.21%	81.83%	104.80%	-55.63%	1,732.71%	358.46%	59.47%
Invested Capital Growth	63,140.23%	11,179.75%	10,310.33%	-9.66%	-4.81%	12.82%	-10.66%	-6.76%	-19.34%	-56.25%	-20.79%
Revenue Q/Q Growth	-42.51%	-95.67%	7,323.31%	-7.44%	-55.36%	50.00%	-64.00%	577.78%	-44.81%	-38.61%	-37.10%
EBITDA Q/Q Growth	-9.69%	-81.46%	51.22%	-23.78%	5.58%	1.14%	1.91%	17.18%	0.41%	-955.27%	135.13%
EBIT Q/Q Growth	-33.88%	-50.63%	44.22%	-20.88%	4.94%	2.49%	1.79%	16.65%	-3.25%	-809.25%	131.03%
NOPAT Q/Q Growth	-42.13%	-50.63%	40.79%	-14.16%	4.99%	0.48%	3.95%	16.65%	-3.25%	-63.90%	-32.81%
Net Income Q/Q Growth	-48.28%	18.48%	0.54%	-20.86%	7.77%	3.13%	2.88%	19.30%	-9.26%	-802.85%	133.14%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	9.73%	50.19%	-101.06%	-7.56%	4.24%	-12.20%	22.53%	-4.31%	-14.03%	17.54%	-17.41%
Free Cash Flow Firm Q/Q Growth	1.01%	22.12%	-21.20%	103.93%	-121.42%	-1,679.96%	132.03%	-63.67%	688.28%	181.77%	-80.24%
Invested Capital Q/Q Growth	-2.27%	-26.91%	31.02%	-3.47%	2.98%	-13.37%	3.75%	0.75%	-10.91%	-53.02%	87.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.88%	-1,084.54%	53.72%	54.46%	52.00%	13.33%	40.74%	31.69%	8.91%	54.84%	33.33%
EBITDA Margin	-14,132.92%	-592,297.73%	-3,891.74%	-5,204.46%	-11,008.00%	-7,254.67%	-19,766.67%	-2,415.30%	-4,358.42%	-74,924.19%	41,843.59%
Operating Margin	-18,153.30%	-631,516.07%	-5,037.19%	-6,212.50%	-13,222.00%	-8,772.00%	-23,403.70%	-2,878.14%	-5,384.16%	-14,375.81%	-21,246.15%
EBIT Margin	-18,153.30%	-631,516.07%	-4,745.45%	-6,197.32%	-13,196.00%	-8,578.67%	-23,403.70%	-2,878.14%	-5,384.16%	-79,750.00%	39,343.59%
Profit (Net Income) Margin	-20,106.46%	-378,555.46%	-5,071.90%	-6,622.32%	-13,682.00%	-8,836.00%	-23,837.04%	-2,838.25%	-5,618.81%	-82,640.32%	43,543.59%
Tax Burden Percent	110.48%	83.93%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	100.25%	71.42%	106.88%	106.86%	103.68%	103.00%	101.85%	98.61%	104.36%	103.62%	110.68%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-41.79%	-2,028.48%	-20.12%	-14.86%	-32.98%	-34.54%	-58.30%	-9.23%	-20.67%	-77.39%	-130.38%
ROIC Less NNEP Spread (ROIC-NNEP)	1.83%	-2,037.87%	16.96%	48.00%	44.95%	27.41%	44.88%	88.65%	37.67%	36.56%	-159.99%
Return on Net Nonoperating Assets (RNNOA)	-0.25%	552.53%	-1.92%	-2.32%	-1.54%	-1.34%	-1.15%	-1.83%	-1.64%	-16.41%	92.21%
Return on Equity (ROE)	-42.04%	-1,475.96%	-22.04%	-17.18%	-34.53%	-35.87%	-59.45%	-11.06%	-22.31%	-93.79%	-38.17%
Cash Return on Invested Capital (CROIC)	-119.81%	-134.42%	-245.79%	-16.36%	-21.32%	-40.91%	-13.71%	-16.73%	-2.07%	40.83%	-7.94%
Operating Return on Assets (OROA)	-45.85%	-1,793.12%	-20.84%	-18.69%	-40.68%	-40.18%	-73.24%	-11.72%	-25.02%	-261.03%	94.16%
Return on Assets (ROA)	-50.78%	-1,074.87%	-22.27%	-19.98%	-42.18%	-41.39%	-74.60%	-11.55%	-26.11%	-270.50%	104.21%
Return on Common Equity (ROCE)	-42.04%	-1,475.96%	-22.04%	-17.18%	-34.53%	-35.87%	-56.42%	-10.56%	-21.48%	-93.79%	-37.18%
Return on Equity Simple (ROE_SIMPLE)	-42.09%	0.00%	-32.47%	-35.49%	-32.70%	0.00%	-40.42%	-38.30%	-39.60%	0.00%	-20.43%
Net Operating Profit after Tax (NOPAT)	-4.78	-7.21	-4.27	-4.87	-4.63	-4.61	-4.42	-3.69	-3.81	-6.24	-8.29
NOPAT Margin	-12,707.31%	-442,061.25%	-3,526.03%	-4,348.75%	-9,255.40%	-6,140.40%	-16,382.59%	-2,014.70%	-3,768.91%	-10,063.06%	-21,246.15%
Net Nonoperating Expense Percent (NNEP)	-43.62%	9.39%	-37.08%	-62.85%	-77.93%	-61.95%	-103.18%	-97.88%	-58.34%	-113.94%	29.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-6.62%	-6.47%	-	-	-5.75%	-3.73%
Cost of Revenue to Revenue	66.12%	-82,153.25%	46.28%	45.54%	48.00%	86.67%	59.26%	68.31%	91.09%	45.16%	66.67%
SG&A Expenses to Revenue	7,229.44%	949,265.34%	2,932.23%	3,721.43%	7,450.00%	5,689.33%	13,551.85%	1,531.15%	2,811.88%	5,825.81%	11,902.56%
R&D to Revenue	3,364.21%	127,268.71%	1,804.96%	2,201.79%	4,656.00%	2,550.67%	8,222.22%	1,144.26%	2,221.78%	7,677.42%	7,653.85%
Operating Expenses to Revenue	18,187.19%	733,637.98%	5,090.91%	6,266.96%	13,274.00%	8,785.33%	23,444.44%	2,909.84%	5,393.07%	14,430.65%	21,279.49%
Earnings before Interest and Taxes (EBIT)	-6.83	-10	-5.74	-6.94	-6.60	-6.43	-6.32	-5.27	-5.44	-49	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-5.32	-9.65	-4.71	-5.83	-5.50	-5.44	-5.34	-4.42	-4.40	-46	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.01	1.24	1.03	0.93	0.99	1.00	1.10	0.58	1.02	0.00	0.00
Price to Tangible Book Value (P/TBV)	63.97	0.00	0.00	0.00	19.00	65.06	102.27	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	633.32	591.81	351.04	262.18	281.91	191.54	281.64	112.62	159.35	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.01	1.26	1.03	0.93	0.99	1.00	1.10	0.61	1.02	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	615.92	552.78	357.80	259.68	271.84	188.13	290.79	127.58	165.57	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.00	0.11	0.08	0.06	0.01	0.01	0.01	0.00	0.01	0.00
Long-Term Debt to Equity	0.09	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.00	0.01	0.00
Financial Leverage	-0.14	-0.27	-0.11	-0.05	-0.03	-0.05	-0.03	-0.02	-0.04	-0.45	-0.58
Leverage Ratio	1.13	1.18	1.15	1.08	1.12	1.14	1.11	1.10	1.13	1.30	1.09
Compound Leverage Factor	1.13	0.84	1.23	1.15	1.16	1.18	1.13	1.09	1.18	1.34	1.20
Debt to Total Capital	8.72%	0.00%	9.73%	7.81%	5.26%	1.21%	1.02%	0.97%	0.00%	1.09%	0.48%
Short-Term Debt to Total Capital	0.58%	0.00%	9.72%	7.81%	5.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	8.14%	0.00%	0.00%	0.00%	0.00%	1.21%	1.02%	0.97%	0.00%	1.09%	0.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.17%	9.35%	8.29%	0.00%	0.00%
Common Equity to Total Capital	91.28%	100.00%	90.27%	92.19%	94.74%	98.79%	88.81%	89.68%	91.71%	98.91%	99.52%
Debt to EBITDA	-0.38	0.00	-0.34	-0.25	-0.17	-0.04	-0.04	-0.03	0.00	-0.02	-0.03
Net Debt to EBITDA	0.11	0.00	-0.06	0.03	0.11	0.06	0.24	0.09	0.00	1.28	4.25
Long-Term Debt to EBITDA	-0.35	0.00	0.00	0.00	0.00	-0.04	-0.04	-0.03	0.00	-0.02	-0.03
Debt to NOPAT	-0.50	0.00	-0.42	-0.31	-0.22	-0.05	-0.04	-0.04	0.00	-0.07	-0.05
Net Debt to NOPAT	0.15	0.00	-0.08	0.03	0.14	0.07	0.29	0.10	0.00	4.28	8.47
Long-Term Debt to NOPAT	-0.47	0.00	0.00	0.00	0.00	-0.05	-0.04	-0.04	0.00	-0.07	-0.05
Altman Z-Score	2.95	1.33	1.50	1.25	3.50	4.48	8.92	3.42	0.46	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.08%	4.58%	3.71%	0.00%	2.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.98	1.19	0.62	0.71	1.09	0.55	2.22	1.18	1.61	17.36	44.69
Quick Ratio	2.89	1.16	0.60	0.70	1.06	0.50	2.08	0.99	1.41	17.32	44.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-87	-68	-82	3.22	-0.69	-12	3.93	1.43	11	32	6.27
Operating Cash Flow to CapEx	-2,748.73%	-303.74%	-1,134.04%	-2,288.61%	-279.48%	0.00%	-243.70%	-372.70%	-890.47%	-131.68%	-255.68%
Free Cash Flow to Firm to Interest Expense	-4,735.50	-159.23	0.00	0.00	0.00	0.00	25.36	0.00	0.00	0.00	108.07
Operating Cash Flow to Interest Expense	-234.27	-5.04	0.00	0.00	0.00	0.00	-24.83	0.00	0.00	0.00	-76.40
Operating Cash Flow Less CapEx to Interest Expense	-242.79	-6.70	0.00	0.00	0.00	0.00	-35.01	0.00	0.00	0.00	-106.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Receivable Turnover	0.00	0.00	5.13	2.65	5.85	9.18	5.56	3.78	11.80	8.11	14.81
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.74	1.90
Fixed Asset Turnover	0.80	0.27	0.33	0.34	0.17	0.19	0.09	0.10	0.09	0.07	0.05
Accounts Payable Turnover	2.08	0.09	0.12	0.00	0.00	0.17	0.12	0.18	0.29	0.18	0.15
Days Sales Outstanding (DSO)	0.00	0.00	71.18	137.65	62.35	39.76	65.68	96.64	30.94	45.01	24.65
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	63.63	192.60
Days Payable Outstanding (DPO)	175.45	3,999.65	2,975.61	0.00	0.00	2,173.24	3,045.21	2,068.88	1,257.74	1,981.63	2,493.72
Cash Conversion Cycle (CCC)	-175.45	-3,999.65	-2,904.43	137.65	62.35	-2,133.48	-2,979.54	-1,972.24	-1,226.81	-1,872.98	-2,276.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	82	60	78	76	78	67	70	71	63	30	55
Invested Capital Turnover	0.00	0.00	0.01	0.00	0.00	0.01	0.00	0.00	0.01	0.01	0.01
Increase / (Decrease) in Invested Capital	82	60	78	-8.09	-3.94	7.67	-8.35	-5.12	-15	-38	-15
Enterprise Value (EV)	83	75	81	71	77	67	77	43	64	0.00	0.00
Market Capitalization	85	80	79	71	80	69	74	38	62	0.00	0.00
Book Value per Share	$2.48	$1.22	$1.27	$1.27	$1.09	$0.91	$0.90	$0.70	$0.64	$1.14	$1.63
Tangible Book Value per Share	$0.04	($0.11)	($0.05)	($0.02)	$0.06	$0.01	$0.01	($0.01)	($0.05)	$0.46	$1.16
Total Capital	92	65	85	83	86	70	76	73	66	108	222
Total Debt	8.04	0.00	8.29	6.52	4.51	0.84	0.78	0.71	0.00	1.18	1.06
Total Long-Term Debt	7.51	0.00	0.00	0.00	0.00	0.84	0.78	0.71	0.00	1.18	1.06
Net Debt	-2.34	-5.31	1.53	-0.68	-2.87	-1.22	-5.33	-1.82	-3.06	-78	-165
Capital Expenditures (CapEx)	0.16	0.70	0.38	0.20	1.58	-0.05	1.58	1.08	0.51	2.87	1.73
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2.68	-4.45	-2.75	-3.68	-2.25	-4.22	-2.36	-2.00	-1.58	-4.35	-2.93
Debt-free Net Working Capital (DFNWC)	7.70	0.86	4.01	3.52	5.13	-2.16	3.75	0.52	1.48	75	163
Net Working Capital (NWC)	7.17	0.86	-4.27	-3.00	0.61	-2.16	3.75	0.52	1.48	75	163
Net Nonoperating Expense (NNE)	2.79	-1.04	1.87	2.55	2.21	2.02	2.01	1.51	1.87	45	-25
Net Nonoperating Obligations (NNO)	-2.34	-5.31	1.42	-1.26	-3.34	-1.22	-5.33	-1.82	-3.06	-78	-165
Total Depreciation and Amortization (D&A)	1.51	0.64	1.03	1.11	1.09	0.99	0.98	0.85	1.04	2.99	0.98
Debt-free, Cash-free Net Working Capital to Revenue	-1,992.21%	-3,272.79%	-1,218.41%	-1,352.04%	-791.45%	-1,177.37%	-892.05%	-598.21%	-410.10%	-1,167.02%	-761.30%
Debt-free Net Working Capital to Revenue	5,733.75%	630.15%	1,778.08%	1,291.16%	1,801.17%	-602.23%	1,418.94%	155.82%	383.68%	19,997.86%	42,467.01%
Net Working Capital to Revenue	5,335.09%	630.15%	-1,893.07%	-1,101.92%	215.70%	-602.23%	1,418.94%	155.82%	383.68%	19,997.86%	42,467.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.22)	($0.10)	($0.14)	($0.07)	($0.11)	($0.09)	($0.08)	($0.06)	($0.06)	($0.53)	$0.13
Adjusted Weighted Average Basic Shares Outstanding	33.90M	36.68M	60.50M	67.22M	75.09M	66.61M	81.93M	93.55M	93.05M	93.88M	135.22M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.11)	($0.05)	($0.09)	$0.00	$0.00	$0.00	($0.06)	$0.00	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	53.30M	60.50M	78.82M	88.94M	96.65M	66.61M	0.00	0.00	93.05M	93.88M	153.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.30M	60.50M	61.51M	74.30M	75.10M	91.36M	0.00	0.00	99.09M	137.24M	140.90M
Normalized Net Operating Profit after Tax (NOPAT)	-4.78	-7.21	-4.27	-4.87	-4.63	-4.61	-4.42	-3.69	-3.81	-6.24	-5.80
Normalized NOPAT Margin	-12,707.31%	-442,061.25%	-3,526.03%	-4,348.75%	-9,255.40%	-6,140.40%	-16,382.59%	-2,014.70%	-3,768.91%	-10,063.06%	-14,872.31%
Pre Tax Income Margin	-18,198.89%	-451,033.80%	-5,071.90%	-6,622.32%	-13,682.00%	-8,836.00%	-23,837.04%	-2,838.25%	-5,618.81%	-82,640.32%	43,543.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-373.03	-24.26	0.00	0.00	0.00	0.00	-40.77	0.00	0.00	0.00	264.55
NOPAT to Interest Expense	-261.12	-16.98	0.00	0.00	0.00	0.00	-28.54	0.00	0.00	0.00	-142.86
EBIT Less CapEx to Interest Expense	-381.56	-25.92	0.00	0.00	0.00	0.00	-50.95	0.00	0.00	0.00	234.67
NOPAT Less CapEx to Interest Expense	-269.65	-18.64	0.00	0.00	0.00	0.00	-38.72	0.00	0.00	0.00	-172.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-3.03%	0.00%	0.00%	0.00%	-3.20%	-3.15%	-2.57%	-1.80%	-0.31%	0.00%
Augmented Payout Ratio	0.00%	-3.03%	0.00%	0.00%	0.00%	-3.20%	-3.15%	-2.57%	-1.80%	-0.31%	0.00%

Key Financial Trends

Quantum Computing Inc. reported a 44.4% year-over-year increase in revenue for Q1 2025, driven by growth in its quantum hardware and software services. The company raised $93.6 million through an equity offering, bolstering its liquidity position. However, operating expenses and R&D costs continue to outpace revenue, leading to negative NOPAT and ongoing operating cash burn. Quantum holds over $166 million in cash against minimal debt, resulting in a net cash position of $165 million and a strong current ratio. Free cash flow to the firm turned positive at $6.3 million in Q1, reflecting improved capital allocation, though core operating cash flow remains negative. The balance sheet is solid, but profitability metrics show a substantial margin deficit. Investors should weigh the company’s ample liquidity and growth momentum against high cash burn and negative profitability.

Revenue growth of 44.4% year-over-year in Q1 2025
Raised $93.6 million via common equity issuance in Q1 2025
Cash & equivalents of $166.4 million versus $1.1 million total debt
Net debt position of –$165.4 million (net cash)
Free cash flow to firm of $6.3 million in Q1 2025
High R&D spend at 76.5% of revenue (investment in technology)
SG&A expenses remain at 119.0% of revenue
Negative NOPAT of –$8.3 million and NOPAT margin of –212% in Q1 2025
Operating cash flow of –$4.4 million (continuing cash burn)
Total operating expenses of $8.3 million exceed revenue of $39 thousand

07/18/25 10:44 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Quantum Computing's Financials

When does Quantum Computing's financial year end?

According to the most recent income statement we have on file, Quantum Computing's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Quantum Computing's net income changed over the last 7 years?

Quantum Computing's net income appears to be on an upward trend, with a most recent value of -$68.54 million in 2024, rising from -$175 thousand in 2017. The previous period was -$27.02 million in 2023. See where experts think Quantum Computing is headed by visiting Quantum Computing's forecast page.

What is Quantum Computing's operating income?

Quantum Computing's total operating income in 2024 was -$25.94 million, based on the following breakdown:

Total Gross Profit: $112 thousand
Total Operating Expenses: $26.05 million

How has Quantum Computing's revenue changed over the last 7 years?

Over the last 7 years, Quantum Computing's total revenue changed from $0.00 in 2017 to $373 thousand in 2024, a change of 37,300,000.0%.

How much debt does Quantum Computing have?

Quantum Computing's total liabilities were at $46.27 million at the end of 2024, a 718.7% increase from 2023, and a 3,084,700.0% increase since 2017.

How much cash does Quantum Computing have?

In the past 7 years, Quantum Computing's cash and equivalents has ranged from $0.00 in 2017 to $78.95 million in 2024, and is currently $78.95 million as of their latest financial filing in 2024.

How has Quantum Computing's book value per share changed over the last 7 years?

Over the last 7 years, Quantum Computing's book value per share changed from 0.00 in 2017 to 1.14 in 2024, a change of -71,525.0%.

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This page (NASDAQ:QUBT) was last updated on 7/18/2025 by MarketBeat.com Staff

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Quantum Computing (QUBT) Financials

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Quantum Computing (QUBT) Financials

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