Quantum Computing, Inc. (QUBT) Stock

Quantum Computing, Inc. (QUBT) is a Technology stock trading at $8.89 (as of 2026-08-21), with a market capitalization of $2.01B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Quantum Computing, Inc. focuses on providing software tools and applications for quantum computers in Virginia. The company offers Qatalyst, a quantum application accelerator that enables developers to create and execute quantum-ready applications on conventional computers, while being ready to run on quantum computers as well as provides multiple quantum processing units including DWave, Rigetti, and IonQ. It focuses on serving commercial and government entities. The company, formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was founded in 2018 and is based in Leesburg, Virginia.

Understand Quantum Computing, Inc.: how it makes money

Quantum Computing, Inc. provides quantum computing software tools and applications (Qatalyst) that help developers build and run quantum-ready applications, supporting execution across multiple quantum processing units, and sells these solutions to commercial and government entities.

The profit model appears to depend on generating and scaling revenue tied to Foundry One and Boundary related sales, because the latest reported quarter shows 0.0B revenue with negative gross and operating margins.

Revenue by segment (latest quarter)
FoundryOne$0.0B
Boundary$0.0B
OtherAdj$0.0B

Business quality (Weak): Data limits make it hard to judge traction, latest-quarter results show 0.0B revenue and negative gross and operating margins, and the provided operating KPI values are also 0.0.

Bull case

  • Product breadth across the quantum software-to-hardware stack: Qatalyst is positioned as a quantum application accelerator, and the company also provides multiple quantum processing units including DWave, Rigetti, and IonQ.
  • Customer focus includes commercial and government entities: The company states it serves commercial and government customers with its quantum computing tools and applications.

Bear case

  • No reported revenue in the latest quarter: For the quarter ended 2026-03-31, revenue is reported as 0.0B, and both provided operating KPI measures are also 0.0.
  • Large losses versus revenue: Gross margin is reported at -19.5% and operating margin at -556.8% for the quarter ended 2026-03-31.
  • Monetization risk: Even with a defined product offering (Qatalyst and access to multiple quantum processing units), the latest reported quarter shows no realized segment revenue in the provided breakdown.
Valuation — source: SEC EDGAR (first-party)
Price$8.89
Market Cap$2.01B
Price / Book1.26
Price / Sales204.83
FCF Yield-2.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$682000.00
Net Margin-2738.1%
Revenue Growth (YoY)9000.0%
EPS Growth (YoY)-80.8%
FCF Growth (YoY)132.1%
Financial Health — source: SEC EDGAR
Altman Z-Score58.52 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)34.0
Industry P/E (Business Services)30.2
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($172.79M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOYuping Huang
Employees41
CountryUS
IPO Date2007-02-01

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QUBT earnings history · QUBT institutional & insider holders · QUBT KPIs & operating metrics · QUBT financials · QUBT investor presentations & press releases · QUBT SEC filings · QUBT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.