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Develops photonic quantum computing hardware and software, including its Dirac quantum machines, for research and enterprise customers.
Develops photonic quantum computing hardware and software, including its Dirac quantum machines, for research and enterprise customers.
Revenue is small and comes from photonic chips, foundry work and prototype systems sold to research and government buyers, while spending is financed mainly by selling new shares. Its own thin-film lithium niobate chip foundry in Arizona is meant to give it manufacturing of its own.
Moat: none (IP / patents). Pre-commercial-scale quantum technology; differentiation unproven versus larger-funded quantum competitors.
Headquarters: Hoboken, New Jersey, United States · Founded: 2018 · Employees: 77
Size Quantum Computing (QUBT) is a United States Information Technology company (Information Technology Services) with a market value of $1.43B, the 2026th largest of 3,117 United States companies the cockpit tracks. Shares closed at $6.33 on 6 Nov 2026.
Performance Over six months the shares fell 34.1%, against -14.7% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 3,635.4% over the last twelve months (peer median +9.5%); the operating margin is -775.5% (peer median 5.5%).
Valuation It trades at 51.1× enterprise value to sales against a peer median of 5.2× (most expensive of 21).
Capital Return on invested capital runs 28.7 points below its cost of capital (19.6% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.82M | $682,000 | $373,000 | $358,000 | $136,000 |
| Revenue growth | — | +83% | +4% | +163% | — |
| Gross profit | -$10.6M | -$4.88M | -$3.69M | -$3.15M | -$1.79M |
| EBITDA | -$67.5M | -$46.1M | -$22.1M | -$22.9M | -$26.8M |
| Net income | -$15.0M | -$18.7M | -$68.5M | -$27.0M | -$26.0M |
| Free cash flow | -$51.5M | -$37.0M | -$22.2M | -$20.4M | -$16.2M |
| Capital expenditure | $8.42M | $6.69M | $6.04M | $2.11M | $870,000 |
| Total debt | $23.4M | $2.58M | $1.62M | $2.77M | $8.27M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Quantum Computing QUBT | $1.43B | -34% | +3,635% | -775% | 51.1× | n/a |
| IonQ IONQ | $14.0B | -34% | +371% | -392% | 48.5× | n/a |
| RGTI RGTI | $3.92B | -38% | +68% | -728% | 264.8× | n/a |
| QBTS QBTS | $4.05B | -25% | -44% | -1,373% | 286.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | QUBT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.0% | -4.1% | 4th lowest of 21 |
| 6-month return | -34.1% | -14.7% | 2nd lowest of 20 |
| Distance from 52-week high | -56.2% | -40.2% | 4th lowest of 21 |
| Revenue growth (TTM) | +3,635.4% | +9.5% | highest of 21 |
| Operating margin | -775.5% | 5.5% | lowest of 21 |
| EV / Sales | 51.1× | 5.2× | most expensive of 21 |
| ROIC minus cost of capital | -28.7 pp | -6.1 pp | 3rd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Quantum Computing QUBT | United States | $1.43B | -34% | +3,635% | -775% | 51.1× | n/a | n/a |
| VSTECS 0856.HK | Hong Kong | $1.42B | -30% | +11% | 2% | 0.1× | -12.2% | +6.9% |
| Everforth EFOR | United States | $1.41B | +69% | 0% | 6% | 0.7× | -1.5% | +2.6% |
| Jiangsu Eazytec 688258.SS | China | $1.46B | -33% | 0% | 28% | 28.8× | 40.1% | +11.1% |
| Digital China Information Service 000555.SZ | China | $1.39B | -30% | -8% | 0% | 0.9× | n/a | n/a |
| ESDS Software Solution ESDS.NS | India | $1.38B | n/a | +31% | 36% | 23.7× | 22.6% | +22.4% |
| Voyager Technologies VOYG | United States | $1.49B | -19% | +42% | -82% | 8.3× | n/a | n/a |
| Future 4722.T | Japan | $1.36B | +59% | +8% | 20% | 2.5× | -5.4% | +11.4% |
| Bytes Technology BYIT.L | United Kingdom | $1.36B | +33% | +10% | 27% | 3.9× | 3.1% | -10.9% |
| Neusoft 600718.SS | China | $1.51B | -3% | -5% | -5% | 0.8× | -6.1% | +9.7% |
| Guangzhou Sie Consulting 300687.SZ | China | $1.52B | 0% | +3% | -3% | 6.5× | n/a | n/a |
| Cetc Potevio Science & Technology 002544.SZ | China | $1.52B | -41% | 0% | 0% | 2.1× | n/a | n/a |
| Shenzhen Forms Syntron Information 300468.SZ | China | $1.52B | -33% | +9% | 9% | 12.7× | n/a | n/a |
| Black Box BBOX.NS | India | $1.53B | +10% | +12% | 7% | 2.2× | n/a | n/a |
| Shenzhen YSSTech Information Technology 300377.SZ | China | $1.53B | -24% | +14% | -3% | 6.7× | n/a | n/a |
| Doushen (Beijing) Education & Technology 300010.SZ | China | $1.34B | -15% | +24% | -31% | 7.7× | n/a | n/a |
| Both Engineering Technology 601133.SS | China | $1.34B | -26% | +14% | 5% | 1.6× | 24.3% | +16.2% |
| Data#3 DTL.AX | Australia | $1.54B | +81% | +6% | 8% | 2.1× | 26.9% | -14.2% |
| Bittium BITTI.HE | Finland | $1.31B | -3% | +48% | 22% | 10.2× | 18.4% | +8.8% |
| PDF Solutions PDFS | United States | $1.59B | -27% | +23% | 8% | 6.4× | n/a | n/a |
| ZW Soft 688083.SS | China | $1.27B | -12% | +2% | -15% | 7.0× | 30.3% | +14.5% |