QUBT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $8.18
Market Cap (MRQ) $1.85B
P/E (TTM) -272.7
EPS (TTM) $-0.03
Revenue (TTM) $10M
ROE (TTM) -1.5%
52W Range $6–$24

QUBT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 2
Ex-date Split Type
July 3, 2018 1-for-200 Reverse
Aug. 29, 2007 1-for-100 Reverse

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$682.0K
2022-12-31 → 2025-12-31
EPS$-0.11
2021-12-31 → 2025-12-31
Free Cash Flow$-37M
2018-12-31 → 2025-12-31
Net margin-152.5%
2023-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend QUBT 5Y avg Peer Median Verdict
P/E (TTM) -272.75Y avg ≈-24.7 ≈-24.7 · ·
P/S (TTM) 188.55Y avg ≈3098.0 ≈3098.0 1.5 Overvalued
P/B (MRQ) 1.25Y avg ≈7.1 ≈7.1 3.0 Undervalued
Price / FCF (TTM) -36.05Y avg ≈-44.0 ≈-44.0 · ·
Price / Cash Flow (TTM) -43.05Y avg ≈-56.5 ≈-56.5 · ·
Price / Tangible Book (MRQ) 1.25Y avg ≈31.3 ≈31.3 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 18.1%
Next Report Nov 12, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 12, 2026 $-0.05 $-0.04 -28.9%
March 31, 2026 May 13, 2026 $-0.02 $-0.05 59.6%
Dec. 31, 2025 $-0.01 $-0.03 69.9%
Sept. 30, 2025 $0.01 $-0.06 117.3%
June 30, 2025 $-0.26 $-0.06 -363.5%
March 31, 2025 $0.11 $-0.07 254.1%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 17
Metric Trend 2025202420232022
Revenue $682.0K$373.0K$358.0K$136.0K
Cost of Revenue $615.0K$261.0K$196.0K$61.0K
Gross Profit $67.0K$112.0K$162.0K$75.0K
R&D Expense $20M$11M$9M$5M
SG&A Expense $27M$13M$16M$21M
Operating Expenses $51M$26M$26M$29M
Operating Income $-51M$-26M$-26M$-29M
Interest Expense ··$2M$772.0K
Interest Income ··$295.0K$47.0K
Other Non-op ··$-3M$-2M
Pretax Income $-19M$-69M$-27M$-26M
Net Income $-19M$-69M$-27M$-26M
EPS (Basic) $-0.11$-0.73$-0.42$-0.73
EPS (Diluted) $-0.11$-0.73$-0.42$-0.73
Shares (Basic) 164,49293,88166,61136,680,000
Shares (Diluted) 164,49293,88166,61136,680,000
EBITDA $-51M$-26M$-26M·
Balance Sheet 29
Metric Trend 2025202420232022
Cash & Equivalents $738M$79M$2M$5M
Short-term Investments $379M···
Receivables $519.0K$27.0K$65.0K$13.0K
Inventory $352.0K$18.0K$73.0K·
Prepaid Expense $12M$161.0K$180.0K$129.0K
Other Current Assets ··$289.1K$183.0K
Current Assets $1.13B$79M$3M$5M
PP&E (Net) $13M$8M$3M$975.0K
PP&E (Gross) $16M$9M$3M$1M
Accum. Depreciation $3M$966.0K$272.0K$71.0K
Goodwill $56M$56M$56M$56M
Intangibles $6M$9M$12M$15M
Other Non-current Assets $131.0K$129.0K$129.0K$60.0K
Total Assets $1.62B$154M$74M$79M
Accounts Payable $778.0K$1M$1M$872.0K
Accrued Liabilities $9M$2M$639.0K$3M
Current Liabilities $11M$5M$5M$5M
Capital Leases $2M$1M$840.0K$1M
Other Non-current Liabilities $0··$225.3K
Total Liabilities $21M$46M$6M$13M
Long-term Debt ···$8M
Total Debt ··$2M·
Common Stock $22.0K$13.0K$8.0K$6.0K
Paid-in Capital $1.82B$308M$201M$169M
Retained Earnings $-219M$-200M$-132M$-104M
AOCI $905.0K···
Stockholders' Equity $1.60B$107M$69M$65M
Liabilities + Equity $1.62B$154M$74M$79M
Shares Outstanding 224,165,000129,012,00077,451,00055,963,000
Cash Flow 13
Metric Trend 2025202420232022
D&A $4M$4M$3M$2M
Stock-based Comp $9M$6M$4M$9M
Amort. of Intangibles $2M$3M$3M$2M
Operating Cash Flow $-30M$-16M$-18M$-15M
CapEx $7M$6M$2M$870.0K
Investing Cash Flow $-788M$-6M$-3M$-2M
Stock Issued $1.48B$107M$25M$7M
Net Stock Activity $1.48B$107M··
Dividends Paid ·$215.0K$865.0K$787.0K
Financing Cash Flow $1.48B$99M$18M$6M
Net Change in Cash ···$-11M
Taxes Paid ··$813.0K·
Free Cash Flow $-37M$-22M$-20M·
Profitability 7
Metric Trend 2025202420232022
Gross Margin 9.8%30.0%45.2%·
Operating Margin -7489.3%-6953.6%-7330.5%·
Net Margin -2738.1%-18375.9%-7548.0%·
Pretax Margin -2738.1%-18375.9%-7548.0%·
EBITDA Margin -7489.3%-6953.6%-7330.5%·
ROA -2.1%-60.2%-35.4%·
ROE -1.9%-81.7%-38.4%·
Liquidity & Solvency 4
Metric Trend 2025202420232022
Current Ratio 102.417.40.6·
Quick Ratio 100.917.30.4·
Debt / Equity ··0.0·
Interest Coverage ··-16.4·
Efficiency 3
Metric Trend 2025202420232022
Asset Turnover 0.00.00.0·
Inventory Turnover 3.35.75.4·
Receivables Turnover 2.58.19.2·
Per Share 6
Metric Trend 2025202420232022
Book Value / Share $7.13$0.83$0.89·
Revenue / Share $4.15$0.00$0.01·
Cash Flow / Share $-184.17$-0.17$-0.28·
Cash / Share $3.29$0.61$0.03·
Dividend / Share ··$7.00$7.00
EPS (TTM) $-0.11$-0.73$-0.42$-0.73
Growth Rates 2
Metric Trend 2025202420232022
Revenue YoY 82.8%4.2%163.2%·
Revenue CAGR 3Y 71.2%···
Valuation (TTM) 17
Metric Trend 2025202420232022
Revenue TTM $682.0K$373.0K$358.0K$136.0K
Net Income TTM $-19M$-69M$-27M$-26M
Market Cap $2.30B$2.14B$71M·
Enterprise Value ··$71M·
P/E -93.3-22.7-2.2-2.1
P/S 3372.35724.3197.5·
P/B 1.419.91.0·
P / Tangible Book 1.550.067.1·
P / Cash Flow -75.9-131.7-3.9·
P / FCF -62.2-96.0-3.5·
EV / EBITDA ··-2.7·
EV / FCF ··-3.5·
EV / Revenue ··197.1·
Dividend Yield ·0.01%1.2%·
Earnings Yield -1.1%-4.4%-46.0%-48.3%
Payout Ratio ·-0.31%-3.2%·
Annual Payout ·$215.0K$865.0K$787.0K

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $682.0K $373.0K $358.0K $136.0K ·
Gross Margin % 9.8% 30.0% 45.2% · ·
Operating Margin % -7489.3% -6953.6% -7330.5% · ·
Net Income $-19M $-69M $-27M $-26M $-28M
Diluted EPS $-0.11 $-0.73 $-0.42 $-0.73 $-0.96

Institutional owners (13F) 363 filers · $1.4B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 363
Value held $1.4B
New positions 75
Exited positions 41
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
75 (+8 vs prior Q) 41 (-6 vs prior Q) 140 (+33 vs prior Q) 64 (-19 vs prior Q) +22.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $172,793,000 16,841,423 12.57% Shares
BlackRock, Inc. $172,019,558 17,733,975 12.51% Shares
VANGUARD CAPITAL MANAGEMENT LLC $85,834,146 8,848,881 6.24% Shares
JANE STREET GROUP, LLC $69,087,280 7,122,400 5.02% Call option
Defiance ETFs, LLC $66,325,056 7,033,410 4.82% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $63,695,845 6,566,582 4.63% Shares
GEODE CAPITAL MANAGEMENT, LLC $51,638,896 5,322,648 3.76% Shares
STATE STREET CORP $47,736,775 4,921,317 3.47% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $43,193,130 4,452,900 3.14% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $39,996,010 4,123,300 2.91% Put option
MORGAN STANLEY $31,932,512 3,292,011 2.32% Shares
CITADEL ADVISORS LLC $24,133,600 2,488,000 1.75% Call option
Marex Group Ltd $22,332,882 2,302,359 1.62% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $22,052,327 2,272,533 1.60% Shares
UBS Group AG $19,838,440 2,045,200 1.44% Shares
Bank of New York Mellon Corp $19,164,260 1,975,697 1.39% Shares
GOLDMAN SACHS GROUP INC $18,535,730 1,910,900 1.35% Put option
NORTHERN TRUST CORP $17,606,381 1,815,091 1.28% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $15,924,917 1,641,744 1.16% Shares
Mubadala Investment Co PJSC $15,397,295 1,587,350 1.12% Shares
CAPITAL FUND MANAGEMENT S.A. $14,600,372 1,505,193 1.06% Shares
CITADEL ADVISORS LLC $14,594,620 1,504,600 1.06% Put option
NATIONAL BANK OF CANADA /FI/ $14,144,886 1,458,236 1.03% Shares
Clear Street Group Inc. $13,851,590 1,427,999 1.01% Shares
VAN ECK ASSOCIATES CORP $12,778,314 1,317,352 0.93% Shares
VANGUARD FIDUCIARY TRUST CO $12,626,684 1,301,720 0.92% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $11,376,994 1,172,886 0.83% Shares
JANE STREET GROUP, LLC $10,809,680 1,114,400 0.79% Put option
BNP PARIBAS FINANCIAL MARKETS $10,386,614 1,070,785 0.76% Shares
RAYMOND JAMES FINANCIAL INC $10,065,292 1,037,659 0.73% Shares
Parallax Volatility Advisers, L.P. $9,846,470 1,015,100 0.72% Put option
Pacific Heights Asset Management LLC $9,700,000 1,000,000 0.71% Shares
Focus Financial Network, Inc. $8,842,859 911,635 0.64% Shares
WOLVERINE TRADING, LLC $7,822,750 415,000 0.57% Call option
GOLDMAN SACHS GROUP INC $7,655,654 789,243 0.56% Shares
BNP PARIBAS FINANCIAL MARKETS $7,638,750 7,875 0.56% Put option
Nuveen, LLC $6,134,774 632,451 0.45% Shares
Walleye Trading LLC $5,875,290 605,700 0.43% Put option
Walleye Trading LLC $5,718,150 589,500 0.42% Call option
D. E. Shaw & Co., Inc. $5,651,395 582,618 0.41% Shares
WOLVERINE TRADING, LLC $5,023,525 266,500 0.37% Put option
Blackstone Inc. $4,850,000 500,000 0.35% Shares
ALGERT GLOBAL LLC $4,318,935 445,251 0.31% Shares
BARCLAYS PLC $3,922,011 404,331 0.29% Shares
Squarepoint Ops LLC $3,906,452 402,727 0.28% Shares
Swiss National Bank $3,835,380 395,400 0.28% Shares
BANK OF AMERICA CORP /DE/ $3,761,777 387,812 0.27% Shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. $3,696,146 381,046 0.27% Shares
LPL Financial LLC $3,695,690 380,999 0.27% Shares
UNICOM Systems, Inc. $3,514,106 362,279 0.26% Shares

Show all 363 institutional owners →

Activists & 5%+ owners 4 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Yuping Huang ×3 filings May 28, 2026 10.33% Amendment Passive investment SEC
Schreiber Justin ×2 filings April 19, 2021 · Initial filing · SEC
Robert Liscouski ×3 filings April 7, 2021 · Initial filing · SEC
Christopher Bruce Roberts ×2 filings April 6, 2021 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 15 insiders · 7 officers · 10 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Yuping Huang CEO and President Aug. 20, 2026 X 21,531,173 0 0 $0
William J Mcgann CEO April 2, 2025 D 1,249,169 0 0 $0
Christopher Bruce Roberts CFO and General Counsel March 10, 2026 M 1,123,038 0 2 $-614,357
Christopher Boehmler Chief Financial Officer June 13, 2025 D 351,152 0 0 $0
Milan Begliarbekov Chief Operating Officer May 28, 2026 A 50,314 0 1 $-33,891
Pouya Dianat Chief Revenue Officer May 28, 2026 A 24,774 0 0 $0
David Charles Morris Chief Revenue Officer Oct. 17, 2022 A · 0 0 $0
Eric Mark Schwartz Director April 13, 2026 A 22,123 0 0 $0
Javad Shabani Director April 13, 2026 A 22,123 0 0 $0
Carl Scott Weimer Director April 13, 2026 A 22,123 0 0 $0
Robert B Fagenson Director April 13, 2026 A 22,123 0 0 $0
Michael C Turmelle Director April 13, 2026 A 22,123 0 0 $0
Robert Liscouski Director April 18, 2024 G 989,055 0 0 $0
Bertrand Velge Director Jan. 26, 2023 A · 0 0 $0
Justin Schreiber Director Jan. 21, 2021 A 250,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 25 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
FYC · First Trust Exchange-Traded AlphaDE… 0.23% 361,871 NS July 31, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.11% 152,845 SH Aug. 19, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.06% 54,378 NS July 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.06% 1,187,481 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.05% 98,597 NS July 31, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.05% 89,932 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.05% 5,261,724 SH Sept. 11, 2026 Daily
FAD · First Trust Exchange-Traded AlphaDE… 0.05% 32,780 NS July 31, 2026 N-PORT
VGT · VANGUARD WORLD FUND 0.03% 5,058,083 SH Aug. 19, 2026 Daily
FTEC · FIDELITY COVINGTON TRUST 0.03% 646,575 NS July 31, 2026 N-PORT
ISCG · iShares Trust 0.02% 28,953 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.02% 2,196,251 SH Aug. 19, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.02% 32,816 SH Aug. 19, 2026 Daily
IWO · iShares Trust 0.02% 287,558 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.01% 12,169 SH Sept. 11, 2026 Daily
IGM · iShares Trust 0.01% 90,104 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.01% 13,430 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 254,905 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 54,936 SH Sept. 11, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 6,448,295 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 16,667 SH Aug. 19, 2026 Daily
IWN · iShares Trust · 1,651,580 SH Sept. 11, 2026 Daily
ISCB · iShares Trust · 8,856 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 24,636 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 276,917 SH Sept. 11, 2026 Daily

QUBT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 12 analysts BUY
Median target $18.00 +120.0%
2 16.7% Strong Buy
7 58.3% Buy
3 25.0% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

6 analysts · 2026-10-02

Mean target $18.67 +128.2%

← Below all targets Current price $8.18
Low$10.00 Mean$18.67 High$32.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
QUBT $2.30B -93.3 82.8% -2738.1% -1.9% 9.8%
IONQ $16.27B -24.7 201.8% -392.6% -24.4% ·
GPGI · -15.7 -85.8% -227.3% -198.9% 48.0%
INFQ · · · · 172.0% ·
DBD $2.40B 26.7 1.5% 2.5% 9.3% 25.3%
CRSR $633M -49.5 11.9% -1.1% -2.6% 28.9%
QMCO $70M -0.6 2.0% -36.1% 56.2% 36.9%
KODK $824M -4.8 2.5% -12.0% -22.4% 21.7%
XRX · · · · · ·
MOVE · -0.4 -57.3% · · ·
AAPL $3.77T 34.2 6.4% 26.9% 159.4% 46.9%

Latest News Recent headlines mentioning this company

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26

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Source: SEC 10-Q filed Aug 10, 2026