9 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $682000 | -$19M | 9.8% | -7489.3% | -$37M | — | $738M |
| 2024 | $373000 | -$69M | 30.0% | -6953.6% | -$22M | — | $79M |
| 2023 | $358000 | -$28M | 45.3% | -7330.4% | -$20M | — | $2M |
| 2022 | $136000 | -$39M | 55.1% | -21062.5% | -$16M | $8M | $5M |
| 2021 | — | -$28M | — | — | -$7M | — | $17M |
| 2020 | — | -$25M | — | — | -$12M | — | $15M |
| 2019 | — | -$8M | — | — | -$2M | — | $101100 |
| 2018 | — | -$11M | — | — | -$2M | — | $2M |
| 2017 | — | -$175000 | — | — | — | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $4M | -$4M | -19.5% | -556.8% | -$11M | — | $258M |
| Dec '25 | $198000 | -$2M | -49.5% | -11220.2% | -$12M | — | $738M |
| Sep '25 | $384000 | $2M | 32.8% | -2709.4% | -$12M | — | $352M |
| Jun '25 | $61000 | -$36M | 42.6% | -16673.8% | -$7M | — | $349M |
| Mar '25 | $39000 | $17M | 33.3% | -21246.2% | -$6M | — | $166M |
| Dec '24 | $62000 | -$51M | 54.8% | -14377.4% | -$7M | — | $79M |
| Sep '24 | $101000 | -$6M | 8.9% | -5384.2% | -$5M | — | $3M |
| Jun '24 | $183000 | -$5M | 31.7% | -2878.1% | -$5M | — | $3M |
| Mar '24 | $27000 | -$6M | 40.7% | -23403.7% | -$5M | — | $6M |
| Dec '23 | $75000 | -$7M | 13.3% | -8772.0% | -$5M | — | $2M |
| Sep '23 | $50000 | -$7M | 52.0% | -13222.0% | -$6M | — | $7M |
| Jun '23 | $112000 | -$7M | 54.5% | -6212.5% | -$5M | — | $7M |
| Mar '23 | $121000 | -$6M | 53.7% | -5037.2% | -$5M | — | $7M |
| Dec '22 | $1278 | -$19M | -1405.6% | -1426295.3% | -$5M | $8M | $5M |
| Sep '22 | $37646 | -$8M | 33.9% | -18153.3% | -$4M | — | $10M |
| Jun '22 | $65484 | -$5M | 92.0% | -7342.8% | -$5M | — | $7M |
| Mar '22 | $31240 | -$7M | 63.0% | -21475.5% | -$4M | — | $12M |
| Dec '21 | — | -$16M | — | — | -$2M | — | $17M |
| Sep '21 | — | -$5M | — | — | -$2M | — | $10M |
| Jun '21 | — | -$4M | — | — | -$1M | — | $13M |
How the market has priced QUBT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Quantum Computing Inc.'s revenue has grown 71.2% per year. These are computed facts, not advice.
As of FY2025, Quantum Computing Inc. reported — of total debt against $738M of cash; operating income covered interest expense -785.8×.
In FY2025, gross margin was 9.8%, operating margin -7489.3%, and net margin -2738.1%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.