QUANTUM COMPUTING INC.

EDGAR

Annual consolidated revenue for 2025: about USD 682K, using the latest reported figures. The previous period, 2024, was about USD 373K.

Watchlist

Latest quarter

Revenue

5.55 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-414.57%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -23013000 USD Source
  • Revenue: 5551000 USD Source

Operating cash flow

-13.9 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -23297000 USD Source
  • Operating Cash Flow: -9423000 USD Source

Free cash flow

-16.5 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -23297000 USD Source
  • Operating Cash Flow: -9423000 USD Source
  • Capital Expenditure: 4488000 USD Source
  • Capital Expenditure: 1822000 USD Source
Cash and cash equivalents
189 million USD Source
Exact value

189150000 USD

Long-term debt including current maturities
Not available
Shares outstanding
226 million shares Source
Exact value

226346000 shares

Reported share-count change

43.34% · 68.4 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 157911000 shares · 2025-06-30· Source
  • 226346000 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

9.82 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 384000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 682000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 484000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 3691000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 5551000 USD · 2026-04-01 – 2026-06-30 Source

Net income

-15 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 2382000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -18674000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -17118000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -4050000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -11753000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-43.1 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -19278000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -10534000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -30294000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -19278000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -9423000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -23297000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -9423000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

8.42 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 5534000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 2757000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 6690000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 5534000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 1822000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 4488000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 1822000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

-51.5 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -19278000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -10534000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -30294000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -19278000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -9423000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -23297000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -9423000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 5534000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 2757000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 6690000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 5534000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 1822000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 4488000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 1822000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-10.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 4 of 11 periods available· newest 2025-12-31
  • Operating income: 9 of 11 periods available· newest 2025-12-31
  • Net income: 9 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 8 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2025-12-31
  • Total assets: 4 of 11 periods available· newest 2025-12-31
  • Total liabilities: 4 of 11 periods available· newest 2025-12-31
  • Current assets: 4 of 11 periods available· newest 2025-12-31
  • Current liabilities: 4 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 4 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +82.8%

    Prior period

    USD 373,000

    –

    Current period

    USD 682,000

    –

    Exact inputs and evidence

    682000 − 373000 = 309000 USD

    373000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    682000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +USD 49.87 million

    Prior period

    −USD 68.54 million

    –

    Current period

    −USD 18.67 million

    –

    Exact inputs and evidence

    -18674000 − -68542000 = 49868000 USD

    -68542000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -18674000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    −USD 14.08 million

    Prior period

    −USD 16.21 million

    –

    Current period

    −USD 30.29 million

    –

    Exact inputs and evidence

    -30294000 − -16213000 = -14081000 USD

    -16213000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -30294000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +10.8%

    Prior period

    USD 6.04 million

    –

    Current period

    USD 6.69 million

    –

    Exact inputs and evidence

    6690000 − 6036000 = 654000 USD

    6036000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    6690000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 682,000 100% of revenue
  • Cost of revenue USD 615,000 90% of revenue
  • Operating expenses USD 51.14 million 7,499% of revenue
  • Operating income −USD 51.08 million −7,489% of revenue
  • Tax, interest and other Derived −USD 32.4 million −4,751% of revenue
  • Net income −USD 18.67 million −2,738% of revenue

Cash

  • Operating cash flow −USD 30.29 million −4,442% of revenue
  • Capital expenditure USD 6.69 million 981% of revenue
  • Free cash flow Derived −USD 36.98 million −5,423% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2022 Operating loss: operating costs were 21,163% of revenue.
  • 2023 Operating loss: operating costs were 7,430% of revenue.
  • 2024 Operating loss: operating costs were 7,054% of revenue.
  • 2025 Operating loss: operating costs were 7,589% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2022 2022-01-01 – 2022-12-31136000 28781000 Derived -28645000 -2667000 Derived -25978000 -16248000 Derived
Source
2023 2023-01-01 – 2023-12-31358000 26601000 Derived -26243000 779000 Derived -27022000 -20427000 Derived
Source
2024 2024-01-01 – 2024-12-31373000 26310000 Derived -25937000 42605000 Derived -68542000 -22249000 Derived
Source
2025 2025-01-01 – 2025-12-31682000 51759000 Derived -51077000 -32403000 Derived -18674000 -36984000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 682K 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.736.6K552.4K368.3K184.1K0.02022202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Revenue136000
2023Revenue358000
2024Revenue373000
2025Revenue682000

Revenue growth

Change in revenue from the same financial period one year earlier.

82.8% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.176%132%88%44%0%2022202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2022Year over yearNo prior comparable period
2023Year over year163.2%
2024Year over year4.2%
2025Year over year82.8%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -7,489.3% 2025
Net margin -2,738.1% 2025
Free cash flow margin -5,422.9% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1,685%-4,423%-10,531%-16,639%-22,748%2022202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2022Operating margin-21,062.5%
2023Operating margin-7,330.4%
2024Operating margin-6,953.6%
2025Operating margin-7,489.3%
2022Net margin-19,101.5%
2023Net margin-7,548%
2024Net margin-18,375.9%
2025Net margin-2,738.1%
2022Free cash flow margin-11,947.1%
2023Free cash flow margin-5,705.9%
2024Free cash flow margin-5,964.9%
2025Free cash flow margin-5,422.9%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -30.3M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.4M-6.4M-15.1M-23.9M-32.7M2022202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Operating cash flow-15378000
2023Operating cash flow-18315000
2024Operating cash flow-16213000
2025Operating cash flow-30294000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -37M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0M-7.8M-18.5M-29.2M-39.9M2022202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Free cash flow-16248000
2023Free cash flow-20427000
2024Free cash flow-22249000
2025Free cash flow-36984000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

1.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.32.5%24.4%16.3%8.1%0.0%2022202320242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2022Liabilities / assets17.1%
2023Liabilities / assets7.6%
2024Liabilities / assets30.1%
2025Liabilities / assets1.3%

Current assets to current liabilities

Current assets divided by current liabilities.

102.38× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.110.57×82.93×55.28×27.64×0.00×2022202320242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2022Current assets / current liabilities1.19×
2023Current assets / current liabilities0.55×
2024Current assets / current liabilities17.36×
2025Current assets / current liabilities102.38×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2017 2017-01-01 – 2017-12-31
−USD 175,000
Exact value

Exact value: -175000 USD

2017-01-01 – 2017-12-31: -175000 USD Inspect Net Income Open source
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Unavailable Not reported for this period.
Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Operating cash flow + Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
−USD 10.51 million
Exact value

Exact value: -10507093 USD

2018-01-01 – 2018-12-31: -10507093 USD Inspect Net Income Open source
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−USD 2.36 million
Exact value

Exact value: -2360554 USD

2018-01-01 – 2018-12-31: -2360554 USD Inspect Operating Cash Flow Open source
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USD 7,014
Exact value

Exact value: 7014 USD

2018-01-01 – 2018-12-31: 7014 USD Inspect Capital Expenditure Open source
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−USD 2.37 million
Calculation and evidence

-2360554 − 7014 USD

Exact free cash flow: -2367568 USD

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2019 2019-01-01 – 2019-12-31
−USD 8.38 million
Exact value

Exact value: -8381088 USD

2019-01-01 – 2019-12-31: -8381088 USD Inspect Net Income Open source
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−USD 2.24 million
Exact value

Exact value: -2243677 USD

2019-01-01 – 2019-12-31: -2243677 USD Inspect Operating Cash Flow Open source
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USD 21,339
Exact value

Exact value: 21339 USD

2019-01-01 – 2019-12-31: 21339 USD Inspect Capital Expenditure Open source
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−USD 2.27 million
Calculation and evidence

-2243677 − 21339 USD

Exact free cash flow: -2265016 USD

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2020 2020-01-01 – 2020-12-31
−USD 24.73 million
Exact value

Exact value: -24734280 USD

2020-01-01 – 2020-12-31: -24734280 USD Inspect Net Income Open source
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−USD 11.54 million
Exact value

Exact value: -11540524 USD

2020-01-01 – 2020-12-31: -11540524 USD Inspect Operating Cash Flow Open source
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USD 11,973
Exact value

Exact value: 11973 USD

2020-01-01 – 2020-12-31: 11973 USD Inspect Capital Expenditure Open source
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−USD 11.55 million
Calculation and evidence

-11540524 − 11973 USD

Exact free cash flow: -11552497 USD

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2021 2021-01-01 – 2021-12-31
−USD 27.9 million
Exact value

Exact value: -27898847 USD

2021-01-01 – 2021-12-31: -27898847 USD Inspect Net Income Open source
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−USD 6.82 million
Exact value

Exact value: -6823044 USD

2021-01-01 – 2021-12-31: -6823044 USD Inspect Operating Cash Flow Open source
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USD 19,391
Exact value

Exact value: 19391 USD

2021-01-01 – 2021-12-31: 19391 USD Inspect Capital Expenditure Open source
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−USD 6.84 million
Calculation and evidence

-6823044 − 19391 USD

Exact free cash flow: -6842435 USD

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2022 2022-01-01 – 2022-12-31
−USD 25.98 million
Exact value

Exact value: -25978000 USD

2022-01-01 – 2022-12-31: -25978000 USD Inspect Net Income Open source
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−USD 15.38 million
Exact value

Exact value: -15378000 USD

2022-01-01 – 2022-12-31: -15378000 USD Inspect Operating Cash Flow Open source
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USD 870,000
Exact value

Exact value: 870000 USD

2022-01-01 – 2022-12-31: 870000 USD Inspect Capital Expenditure Open source
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−USD 16.25 million
Calculation and evidence

-15378000 − 870000 USD

Exact free cash flow: -16248000 USD

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2023 2023-01-01 – 2023-12-31
−USD 27.02 million
Exact value

Exact value: -27022000 USD

2023-01-01 – 2023-12-31: -27022000 USD Inspect Net Income Open source
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−USD 18.32 million
Exact value

Exact value: -18315000 USD

2023-01-01 – 2023-12-31: -18315000 USD Inspect Operating Cash Flow Open source
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USD 2.11 million
Exact value

Exact value: 2112000 USD

2023-01-01 – 2023-12-31: 2112000 USD Inspect Capital Expenditure Open source
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−USD 20.43 million
Calculation and evidence

-18315000 − 2112000 USD

Exact free cash flow: -20427000 USD

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2024 2024-01-01 – 2024-12-31
−USD 68.54 million
Exact value

Exact value: -68542000 USD

2024-01-01 – 2024-12-31: -68542000 USD Inspect Net Income Open source
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−USD 16.21 million
Exact value

Exact value: -16213000 USD

2024-01-01 – 2024-12-31: -16213000 USD Inspect Operating Cash Flow Open source
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USD 6.04 million
Exact value

Exact value: 6036000 USD

2024-01-01 – 2024-12-31: 6036000 USD Inspect Capital Expenditure Open source
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−USD 22.25 million
Calculation and evidence

-16213000 − 6036000 USD

Exact free cash flow: -22249000 USD

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2025 2025-01-01 – 2025-12-31
−USD 18.67 million
Exact value

Exact value: -18674000 USD

2025-01-01 – 2025-12-31: -18674000 USD Inspect Net Income Open source
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−USD 30.29 million
Exact value

Exact value: -30294000 USD

2025-01-01 – 2025-12-31: -30294000 USD Inspect Operating Cash Flow Open source
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USD 6.69 million
Exact value

Exact value: 6690000 USD

2025-01-01 – 2025-12-31: 6690000 USD Inspect Capital Expenditure Open source
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−USD 36.98 million
Calculation and evidence

-30294000 − 6690000 USD

Exact free cash flow: -36984000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

53 filings · 2,024 latest values · 2,024 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001758009, 1758009, QUBT, edgar:1758009

Also known as QUANTUM COMPUTING INC., QUANTUM COMPUTING INC., Quantum Computing Inc.