16 years of historical data (2010–2025) · Technology · Computer Hardware
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Quantum Computing, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $1.7B | $1.6B | $61M | $85M | $99M | $395M | $22M | $14M | $3775 | $1051 |
| Enterprise Value | $1.5B | $952M | $1.5B | $62M | $89M | $83M | $380M | $24M | $16M | $3775 | $-79813 |
| P/E Ratio → | -95.09 | — | — | — | — | — | — | — | — | — | 0.00 |
| P/S Ratio | 3313.76 | 2474.62 | 4165.50 | 169.90 | 621.36 | — | — | — | — | — | 0.00 |
| P/B Ratio | 1.08 | 1.06 | 14.48 | 0.89 | 1.30 | 6.14 | 27.07 | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | 0.00 |
| P/OCF | — | — | — | — | — | — | — | — | — | — | 0.00 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1395.33 | 3957.01 | 171.87 | 657.03 | — | — | — | — | — | -0.02 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | -546.66 |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | -0.31 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | -0.23 |
Margins and return-on-capital ratios measuring operating efficiency
Quantum Computing, Inc. earns an operating margin of -7489.3%. Operating margins have compressed from -7330.4% to -7489.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -2.2% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.8% | 9.8% | -988.2% | -878.5% | -1314.7% | — | — | — | — | — | 33.7% |
| Operating Margin | -7489.3% | -7489.3% | -6953.6% | -7330.4% | -21062.5% | — | — | — | — | — | -0.1% |
| Net Profit Margin | -2738.1% | -2738.1% | -18375.9% | -7548.0% | -19101.5% | — | — | — | — | — | 6.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.2% | -2.2% | -77.9% | -40.4% | -63.9% | -181.3% | -420.6% | — | — | — | — |
| ROA | -2.1% | -2.1% | -60.1% | -35.4% | -54.2% | -171.4% | -320.9% | -819.5% | -553.8% | — | 55.2% |
| ROIC | -8.6% | -8.6% | -39.3% | -28.2% | -61.9% | — | — | — | — | — | — |
| ROCE | -5.8% | -5.8% | -23.7% | -36.6% | -63.6% | -111.3% | -294.9% | — | -2422.7% | — | — |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $738M exceeds total debt of $2M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.01 | 0.04 | 0.16 | 0.00 | 0.01 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | 97.44 |
| Net Debt / Equity | — | -0.46 | -0.72 | 0.01 | 0.07 | -1.03 | -1.03 | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | -553.86 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | -0.23 |
| Interest Coverage | -785.80 | -785.80 | -10.39 | -16.38 | -37.10 | -61.46 | -2.89 | -0.44 | -1.42 | — | -0.10 |
Net cash position: cash ($738M) exceeds total debt ($2M)
Short-term solvency ratios and asset-utilisation metrics
Quantum Computing, Inc.'s current ratio of 102.38x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.55x to 102.38x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 102.38 | 102.38 | 17.36 | 0.55 | 1.19 | 15.91 | 21.98 | 0.04 | 0.54 | — | 0.39 |
| Quick Ratio | 102.34 | 102.34 | 17.36 | 0.54 | 1.19 | 15.91 | 21.98 | 0.04 | 0.54 | — | 0.27 |
| Cash Ratio | 100.89 | 100.89 | 17.32 | 0.43 | 1.16 | 15.47 | 21.92 | 0.03 | 0.53 | — | 0.10 |
| Asset Turnover | — | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | 8.51 |
| Inventory Turnover | 1.75 | 1.75 | 225.50 | 47.99 | — | — | — | — | — | — | 19.50 |
| Days Sales Outstanding | — | 2713.42 | 26.42 | 350.73 | 34.89 | — | — | — | — | — | 17.30 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Quantum Computing, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.0% | 1.4% | 0.9% | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | 21000.0% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | 32948.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 1.4% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $164M | $94M | $67M | $56M | $29M | $28M | $7M | $5M | $943735 | $350498 |
Compare QUBT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| $2B | -95.1 | — | — | 9.8% | -7489.3% | -2.2% | -8.6% | — | |
| $19B | -28.9 | — | — | 40.4% | -487.4% | -24.3% | -30.1% | — | |
| $7B | -28.7 | — | — | 29.1% | -1194.4% | -64.3% | -22.0% | — | |
| $8B | -21.5 | — | — | 82.6% | -408.2% | -77.6% | -102.0% | — | |
| $79M | -6.1 | — | — | -43.4% | -7271.5% | -181.0% | — | — | |
| $212B | 20.2 | 17.3 | 18.3 | 59.5% | 15.3% | 35.2% | 9.8% | 4.4 | |
| $4.8T | 36.8 | 32.2 | 65.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 | |
| $3.1T | 30.3 | 19.4 | 42.9 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 | |
| $5.0T | 42.4 | 37.9 | 52.2 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 | |
| $567B | -1918.7 | 51.3 | — | 34.8% | -0.0% | -0.2% | -0.0% | 4.0 | |
| $340B | 49.5 | 40.4 | 59.7 | 48.7% | 29.2% | 35.5% | 33.3% | 0.8 | |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
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Quantum Computing, Inc.'s current P/E ratio is -95.1x. The historical average is 0.0x.
Quantum Computing, Inc.'s return on equity (ROE) is -2.2%. The historical average is -131.0%.
Based on historical data, Quantum Computing, Inc. is trading at a P/E of -95.1x. Compare with industry peers and growth rates for a complete picture.
Quantum Computing, Inc. has 9.8% gross margin and -7489.3% operating margin.