Last 32 quarters of trend data · Technology · Computer Hardware
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -87.55 | — | 321.85 | — | 18.18 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 3050.82 | 2798.96 | 1999.61 | 11109.25 | 7846.46 | 6265.04 | 150.37 | 64.21 | 756.13 | 203.16 | 386.58 | 165.06 | 159.55 |
| — | -55.3% | +1229.8% | +17202.2% | +937.7% | +2983.8% | -61.1% | -61.1% | +373.9% | -98.8% | -66.3% | -59.6% | -79.9% | |
| P/B Ratio | 0.99 | 1.39 | 3.50 | 6.85 | 5.54 | 14.48 | 0.92 | 0.65 | 1.21 | 0.89 | 0.95 | 0.96 | 1.00 |
| — | -90.4% | +279.5% | +953.8% | +358.9% | +1535.8% | -3.1% | -32.4% | +20.4% | -31.8% | -53.7% | -18.6% | -87.6% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | 288.30 | — | 15.53 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Quantum Computing, Inc.'s operating margin was -11220.2% in Q4 2025, down 8510.8 pp QoQ and up 3157.2 pp YoY. The trailing four-quarter average of -12962.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 97.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.8% | -49.5% | 32.8% | 42.6% | -2466.7% | -1971.0% | -833.7% | -431.1% | -3085.2% | -3436.5% | -1652.0% | -692.0% | -624.8% |
| — | +97.5% | +103.9% | +109.9% | +20.0% | +42.6% | +49.5% | +37.7% | -393.8% | +99.7% | +84.7% | +75.8% | +95.3% | |
| Operating Margin | -7489.3% | -11220.2% | -2709.4% | -16673.8% | -21246.2% | -14377.4% | -5384.2% | -2878.1% | -23403.7% | -21729.0% | -13222.0% | -6212.5% | -5037.2% |
| — | +22.0% | +49.7% | -479.3% | +9.2% | +33.8% | +59.3% | +53.7% | -364.6% | +98.5% | +27.2% | +15.4% | +76.5% | |
| Net Margin | -2738.1% | -785.9% | 620.3% | -59806.6% | 43543.6% | -82640.3% | -5618.8% | -2838.3% | -23837.0% | -7478.7% | -13682.0% | -6622.3% | -5071.9% |
| — | +99.0% | +111.0% | -2007.2% | +282.7% | -1005.0% | +58.9% | +57.1% | -370.0% | +99.5% | +32.0% | +15.0% | +77.8% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.2% | -0.1% | 0.4% | -11.8% | 10.4% | -59.2% | -8.2% | -7.4% | -9.4% | -7.5% | -8.7% | -9.6% | -8.6% |
| — | +99.8% | +104.6% | -59.4% | +209.6% | -692.5% | +5.1% | +23.0% | -9.3% | +70.3% | +0.1% | +2.9% | +82.8% | |
| ROA | -2.1% | -0.1% | 0.4% | -10.9% | 8.6% | -44.5% | -7.4% | -6.7% | -8.4% | -6.8% | -7.7% | -8.3% | -7.3% |
| — | +99.7% | +104.8% | -63.0% | +202.3% | -550.4% | +3.4% | +19.6% | -14.8% | +68.4% | +4.9% | +14.2% | +84.3% | |
| ROIC | -8.6% | -2.4% | -2.7% | -14.6% | -14.6% | -13.3% | -5.8% | -5.9% | -7.2% | -16.4% | -6.3% | -6.6% | -6.1% |
| — | +82.0% | +53.2% | -144.6% | -103.2% | +18.5% | +8.5% | +10.4% | -17.9% | +8.3% | -2.9% | +22.1% | +99.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 489.7% YoY to 102.38x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.12 | 0.01 | 0.01 | 0.04 | 0.07 | 0.10 | 0.12 |
| — | -89.7% | -97.5% | -44.0% | -58.1% | -72.6% | +69.9% | -90.3% | -90.8% | -74.2% | -37.2% | +39626.9% | +17458.2% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 102.38 | 102.38 | 154.87 | 88.17 | 44.69 | 17.36 | 1.61 | 1.18 | 2.22 | 0.55 | 1.00 | 0.68 | 0.56 |
| — | +489.7% | +9523.9% | +7369.6% | +1917.0% | +3045.5% | +60.5% | +72.4% | +292.7% | -53.5% | -70.1% | -87.7% | -95.6% | |
| Quick Ratio | 102.34 | 102.34 | 154.61 | 88.08 | 44.66 | 17.36 | 1.51 | 1.09 | 2.17 | 0.54 | 0.98 | 0.67 | 0.55 |
| — | +489.6% | +10138.3% | +7992.1% | +1962.2% | +3133.6% | +53.8% | +63.0% | +296.3% | -54.8% | -70.8% | -88.0% | -95.7% | |
| Interest Coverage | -785.80 | -403.93 | -2601.00 | -175.36 | -142.86 | -4.38 | -17.71 | — | -40.77 | -60.46 | -17.92 | -12.96 | -14.27 |
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Includes 30+ ratios · 32 years · Updated daily
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Quantum Computing, Inc.'s current P/E is -87.5x. The average P/E over the last 2 quarters is 170.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Quantum Computing, Inc.'s current operating margin is -7489.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Quantum Computing, Inc.'s business trajectory between earnings reports.