Quantum Computing (QUBT) financial statements
Quantum Computing reported revenue of $682,000 in fiscal 2025, up 71.2% a year over 3 years.
Net income was -$19M.
Free cash flow was -$37M.
The diluted share count rose 26045% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Quantum Computing's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $136,000 | $358,000 | $373,000 | $682,000 |
| Cost of revenue | — | — | — | — | — | $61,000 | $196,000 | $261,000 | $615,000 |
| Gross profit | — | — | — | — | — | $75,000 | $162,000 | $112,000 | $67,000 |
| Research and development | — | $250,640 | $891,126 | $2M | $3M | $5M | $9M | $11M | $20M |
| Selling, general and admin | — | — | — | $2M | $2M | $21M | $16M | $15M | $31M |
| Operating income | -$175,000 | -$6M | -$3M | -$17M | -$17M | -$29M | -$26M | -$26M | -$51M |
| Interest expense | — | $87,307 | $151,185 | $226,699 | — | $772,000 | $2M | $2M | $65,000 |
| Pre-tax income | — | — | — | — | — | -$26M | -$27M | -$69M | -$19M |
| Net income | -$175,000 | -$11M | -$8M | -$25M | -$28M | -$26M | -$27M | -$69M | -$19M |
| EPS (diluted) | -$0.29 | -$3.33 | -$1.71 | -$1.32 | -$1.44 | -$0.52 | -$0.42 | -$0.73 | -$0.11 |
| Diluted shares | 1M | 3M | 5M | 19M | 19M | 74M | 67M | 94M | 164M |
| Gross margin | — | — | — | — | — | 55.1% | 45.3% | 30.0% | 9.8% |
| Operating margin | — | — | — | — | — | -21062.5% | -7330.4% | -6953.6% | -7489.3% |
| Net margin | — | — | — | — | — | -19101.5% | -7548.0% | -18375.9% | -2738.1% |
Balance sheet
Fiscal years, from Quantum Computing's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $2M | $101,100 | $15M | $17M | $5M | $2M | $79M | $1.1B |
| Receivables | — | — | — | — | — | $13,000 | $65,000 | $27,000 | $519,000 |
| Inventory | — | — | — | — | — | — | $73,000 | $18,000 | $352,000 |
| Total current assets | — | — | — | — | $17M | $5M | $3M | $79M | $1.1B |
| Property, plant and equipment | — | $6,897 | $25,596 | $30,956 | $41,348 | $975,000 | $3M | $8M | $13M |
| Goodwill | — | — | — | — | — | $56M | $56M | $56M | $56M |
| Total assets | — | $2M | $148,245 | $15M | $17M | $79M | $74M | $154M | $1.6B |
| Total current liabilities | — | — | — | — | $1M | $5M | $5M | $5M | $11M |
| Long-term debt | — | — | — | — | — | $8M | — | — | — |
| Total liabilities | $1,500 | $3M | $3M | $693,207 | $1M | $13M | $6M | $46M | $21M |
| Shareholders' equity | -$1,500 | -$2M | -$3M | $15M | $15M | $65M | $69M | $107M | $1.6B |
| Net debt | — | -$2M | -$101,100 | -$15M | -$17M | $3M | $437,480 | -$79M | -$738M |
Cash flow
Fiscal years, from Quantum Computing's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$2M | -$2M | -$12M | -$7M | -$15M | -$18M | -$16M | -$30M |
| Capital spending | — | $7,014 | $21,339 | $11,973 | $19,391 | $870,000 | $2M | $6M | $7M |
| Free cash flow | — | -$2M | -$2M | -$12M | -$7M | -$16M | -$20M | -$22M | -$37M |
| Stock-based compensation | — | $4M | $214,874 | $11M | $10M | $9M | $4M | $6M | $9M |
| Dividends paid | — | — | — | — | — | $787,000 | $865,000 | $215,000 | — |
| Free cash flow margin | — | — | — | — | — | -11947.1% | -5705.9% | -5964.9% | -5422.9% |
| Dividends per share | — | — | — | — | — | $0.01 | $0.01 | $0.00 | — |
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Open QUBT in InvestinglyQuestions
What was Quantum Computing's revenue in 2025?
$682,000 in fiscal 2025, from its 10-K filing.
How much free cash flow does Quantum Computing generate?
-$37M in fiscal 2025 (operating cash flow minus capital spending).
From Quantum Computing's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.