Quantum Computing Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $682,000 | $373,000 | $358,000 | $136,000 | — |
| Cost of revenue | $615,000 | $261,000 | $196,000 | $61,000 | — |
| Gross profit | $67,000 | $112,000 | $162,000 | $75,000 | — |
| Selling, general & administrative | — | — | $15.7M | $21.4M | $1.6M |
| Research and development | $20.5M | $11.3M | $8.9M | $5.2M | $2.6M |
| Operating expenses | $51.1M | $26.0M | $26.4M | $28.7M | $17.1M |
| Operating income | -$51.1M | -$25.9M | -$26.2M | -$28.6M | -$17.1M |
| Interest expense | $65,000 | $2.5M | $1.6M | $772,000 | — |
| Pretax income | -$18.7M | -$68.5M | -$27.0M | -$26.0M | — |
| Net income | -$18.7M | -$68.5M | -$27.0M | -$26.0M | -$27.9M |
| Balance Sheet | |||||
| Cash and equivalents | $737.9M | $78.9M | $2.1M | $5.3M | $16.7M |
| Current assets | $1.1B | $79.2M | $2.7M | $5.5M | $17.2M |
| Total assets | $1.6B | $153.6M | $74.4M | $78.5M | $17.3M |
| Current liabilities | $11.1M | $4.6M | $4.8M | $4.6M | $1.1M |
| Total liabilities | $20.7M | $46.3M | $5.7M | $13.4M | $1.1M |
| Stockholders' equity | $1.6B | $107.3M | $68.7M | $65.1M | $15.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$30.3M | -$16.2M | -$18.3M | -$15.4M | -$6.8M |
| Depreciation and amortization | $1.9M | $694,000 | $203,000 | $52,000 | $8,998 |
| Stock-based compensation | $8.7M | $5.8M | $4.3M | $9.3M | $10.2M |
| Capital expenditure | $6.7M | $6.0M | $2.1M | $870,000 | $19,391 |
| Free cash flow | -$37.0M | -$22.2M | -$20.4M | -$16.2M | -$6.8M |
| Dividends paid | — | $215,000 | $865,000 | $787,000 | — |
| Impairments | — | — | $8.3M | — | — |
Shares outstanding 225.5M · Free float 77.2%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.