The company's asset base has expanded to $1.6 billion, yet this growth is largely driven by equity-based financing and $146.5 million in goodwill rather than organic operational success.
| Total Current Assets | 1.01B | 1.13B | 79.15M | 2.66M | 5.45M | 17.22M | 15.24M | 122.65K | 1.79M | 0 | 380.94K | 402.95K | 581.54K |
| Cash & Short-Term Investments | 986.11M | 1.12B | 78.94M | 2.06M | 5.31M | 16.74M | 15.2M | 101.1K | 1.77M | 0 | 95.09K | 6.39K | 14.15K |
| Cash Only | 257.71M | 737.88M | 78.94M | 2.06M | 5.31M | 16.74M | 15.2M | 101.1K | 1.77M | 0 | 95.09K | 6.39K | 14.15K |
| Short-Term Investments | 728.4M | 379.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 14.14M | 5.07M | 27K | 344K | 13K | 0 | 0 | 0 | 0 | 0 | 159.51K | 281.45K | 224.62K |
| Days Sales Outstanding | 416.9 | 2.71K | 26.42 | 350.73 | 34.89 | - | - | - | - | - | 17.3 | 29.53 | 21.23 |
| Inventory | 4.11M | 352K | 18K | 73K | 0 | 0 | 0 | 0 | 0 | 0 | 114.4K | 103.18K | 342.77K |
| Days Inventory Outstanding | 105.57 | 208.91 | 25.17 | 135.94 | - | - | - | - | - | - | 18.72 | 14.72 | 47.94 |
| Other Current Assets | 708K | 11M | 161K | 41.54K | -95.3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 615.46M | 485.2M | 74.41M | 71.7M | 73.06M | 62.54K | 30.96K | 25.6K | 106.9K | 0 | 14.36K | 5.42K | 20.91K |
| Property, Plant & Equipment | 22.15M | 15.32M | 9.73M | 3.92M | 2.25M | 59.43K | 30.96K | 25.6K | 6.9K | 0 | 13.36K | 4.42K | 7.97K |
| Fixed Asset Turnover | 0.27x | 0.04x | 0.04x | 0.09x | 0.06x | - | - | - | - | - | 251.87x | 787.25x | 484.48x |
| Goodwill | 146.51M | 55.57M | 55.57M | 55.57M | 55.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 19.19M | 6.5M | 8.97M | 12.08M | 15.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.08B | 403.12M | 0 | 0 | 0 | 0 | 0 | 100K | 100K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4.79M | 4.68M | 129K | 129K | 60K | 3.11K | 0 | -100K | 0 | 0 | 999 | 1K | 12.94K |
| Total Assets | 1.62B | 1.62B | 153.56M | 74.36M | 78.51M | 17.28M | 15.27M | 148.25K | 1.9M | 0 | 395.3K | 408.37K | 602.45K |
| Asset Turnover | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | - | - | - | - | - | 8.51x | 8.52x | 6.41x |
| Asset Growth % | 3052.75% | 954.27% | 106.52% | -5.29% | 354.24% | 13.21% | 10199.2% | -92.19% | - | -100% | -3.2% | -32.22% | - |
| Total Current Liabilities | 15.07M | 11.07M | 4.56M | 4.81M | 4.59M | 1.08M | 693.21K | 2.96M | 3.31M | 1.5K | 987.51K | 1.25M | 1.63M |
| Accounts Payable | 2.71M | 778K | 1.37M | 1.46M | 872K | 464.87K | 366.71K | 218.26K | 54.02K | 1.5K | 384.42K | 326.97K | 455.3K |
| Days Payables Outstanding | 109.97 | 461.74 | 1.92K | 2.72K | 5.22K | - | 20.24K | 30.18K | 168.52K | - | 62.9 | 46.64 | 63.68 |
| Short-Term Debt | 0 | 0 | 0 | 1.93M | 535.68K | 0 | 218.37K | 1.61M | 3.17M | 0 | 14.23K | 271.97K | 271.97K |
| Deferred Revenue (Current) | 2.28M | 395K | 79K | 458K | 0 | 0 | 0 | 152.55K | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 10.49M | 9.9M | 974K | 314K | -1.13M | 3.38K | 0 | 828.18K | 0 | 0 | 65.71K | 118.2K | 354.44K |
| Current Ratio | 66.67x | 102.38x | 17.36x | 0.55x | 1.19x | 15.91x | 21.98x | 0.04x | 0.54x | - | 0.39x | 0.32x | 0.36x |
| Quick Ratio | 66.40x | 102.34x | 17.36x | 0.54x | 1.19x | 15.91x | 21.98x | 0.04x | 0.54x | - | 0.27x | 0.24x | 0.15x |
| Cash Conversion Cycle | 412.5 | 2.46K | -1.87K | -2.24K | - | - | - | - | - | - | -26.88 | -2.39 | 5.5 |
| Total Non-Current Liabilities | 8.28M | 9.58M | 41.71M | 840K | 8.79M | 0 | 326.5M | 2.74B | 3.26B | 0 | 0 | 0 | 0 |
| Long-Term Debt | 3.68M | 1.81M | 0 | 0 | 7.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 3.48M | 0 | 1.18M | 840K | 1.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.6M | 7.77M | 40.53M | 0 | 528K | 0 | 326.5M | 2.74B | 3.26B | 0 | 0 | 0 | 0 |
| Total Liabilities | 23.35M | 20.66M | 46.27M | 5.65M | 13.39M | 1.08M | 693.21K | 2.96M | 3.31M | 1.5K | 987.51K | 1.25M | 1.63M |
| Total Debt | 3.68M | 1.81M | 1.18M | 2.77M | 10.16M | 18.08K | 218.37K | 1.61M | 3.17M | 0 | 14.23K | 271.97K | 271.97K |
| Net Debt | -254.03M | -736.07M | -77.76M | 706K | 4.85M | -16.72M | -14.98M | 1.51M | 1.4M | 0 | -80.86K | 265.58K | 257.83K |
| Debt / Equity | 0.00x | 0.00x | 0.01x | 0.04x | 0.16x | 0.00x | 0.01x | - | - | - | - | - | - |
| Debt / EBITDA | -0.06x | - | - | - | - | - | - | - | - | - | 97.44x | - | - |
| Net Debt / EBITDA | 4.44x | - | - | - | - | - | - | - | - | - | -553.86x | - | - |
| Interest Coverage | -137.25x | -286.29x | -26.46x | -15.87x | -32.65x | -60.65x | -3.12x | -0.43x | -1.57x | - | 7.78x | 3.93x | -13.74x |
| Total Equity | 1.6B | 1.6B | 107.29M | 68.7M | 65.12M | 16.2M | 14.57M | -2.81M | -1.42M | -1.5K | -592.21K | -846.54K | -1.02M |
| Equity Growth % | 3692.32% | 1389.71% | 56.16% | 5.5% | 301.95% | 11.16% | 618.25% | -98.48% | -94363.07% | 99.75% | 30.04% | 17.24% | - |
| Book Value per Share | 9.83 | 9.72 | 1.14 | 1.03 | 1.16 | 0.56 | 0.52 | -0.38 | -0.30 | -0.00 | -1.69 | -2.42 | -2.92 |
| Total Shareholders' Equity | 1.6B | 1.6B | 107.29M | 68.7M | 65.12M | 16.2M | 14.57M | -2.81M | -1.52M | -1.5K | -592.21K | -846.54K | -1.02M |
| Common Stock | 23K | 22K | 13K | 8K | 6K | 2.92K | 2.8K | 736 | 472 | 94 | 70.1K | 70.1K | 70.1K |
| Retained Earnings | -223.21M | -219.16M | -200.48M | -131.94M | -104.06M | -81.39M | -53.5M | -28.76M | -20.38M | -9.87M | -10.29M | -10.51M | -10.64M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.92M | 905K | 0 | 0 | 0 | 0 | 20.32M | 0 | 7.93M | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital structure dilution risk
As reported in financial statements, QUBT's total assets surged from $74.4 million in 2023Q4 to $1.6 billion by 2026Q1, a trajectory that appears driven primarily by aggressive equity-based capital raises and acquisitions rather than organic growth in the underlying quantum computing hardware business model.
The rapid inflation of the asset base suggests a strategy focused on accumulating liquidity to fund long-term R&D, yet this has not translated into meaningful revenue scale. Investors should monitor whether this asset accumulation is creating genuine enterprise value or merely masking the lack of commercial traction.
Based on QUBT's reported figures, equity has expanded significantly to $1.6 billion as of 2026Q1, yet this growth is heavily tied to external financing activities that have likely resulted in substantial shareholder dilution to support the company's ongoing, loss-making research and development initiatives.
The reliance on equity to fund operations keeps the debt-to-equity ratio at 0.00%, which may appear conservative but obscures the true cost of capital for shareholders. This structure suggests that the company is effectively trading future ownership for the cash runway required to survive the current quantum development phase.
According to recent SEC filings, QUBT's cash position reached $257.7 million in 2026Q1, providing a substantial liquidity buffer that, while appearing robust, must be viewed against the backdrop of persistent operating losses and the high capital intensity required for its proprietary nanophotonic hardware development.
The current ratio of 66.67 indicates an extremely high level of short-term liquidity, which may provide a temporary shield against insolvency. However, this liquidity is likely transient, and the company's ability to maintain this buffer depends entirely on its continued access to capital markets.
As indicated by the balance sheet, goodwill has risen to $146.5 million in 2026Q1, representing a significant portion of total assets that warrants further investigation regarding the potential for future impairment if the acquired technologies fail to achieve commercial viability or expected technical milestones.
The presence of substantial goodwill suggests that past acquisitions are being carried at values that may not be supported by current revenue generation. If the company's nanophotonic hardware fails to gain market traction, these intangible assets could become a source of significant balance sheet volatility.
Quick answers to the most common questions about buying QUBT stock.
As of 2025, Quantum Computing, Inc. (QUBT) had total assets of $1.62B including $1.13B in current assets.
Quantum Computing, Inc. (QUBT) carries total debt of $1.8M, offset by $1.12B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Quantum Computing, Inc. (QUBT) has total shareholders' equity (book value) of $1.60B ($9.72 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Quantum Computing, Inc. (QUBT) reported a current ratio of 102.38x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.