Quantum Computing Inc. Common Stock (QUBT)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable advantages and owners' earnings that can be valued. Quantum Computing Inc. does not yet fit that mold. Its fiscal Q2 2026, the quarter ended 2026-06-30, showed revenue of $5.6 million and a net loss of $11.8 million, or diluted EPS of -$0.05. That is a big jump from fiscal Q2 2025 revenue of $61,000, but the base was tiny. For full fiscal 2025, revenue was $682,000 and net loss was $18.7 million; full fiscal 2024 had revenue of $373,000 and a net loss of $68.5 million. The company has lost money in each of the last four years, so the computed Lynch category is none. FairStock's calculations show D/E of 0.01 and an Altman Z-Score of 20.25, but trailing free cash flow is -$51.5 million and Piotroski is 1/9. At the $6.87 close on 2026-10-13, FairStock shows a market cap of $1.6 billion, P/B of 0.98, P/E of -171.75, and EPS of -$0.04. A near-book valuation can look comforting, but book value is not earning power. The revenue trend is encouraging, yet gross economics, competitive moat, and path to sustained profit are unproven. A beta of 3.77 signals a speculative security. Graham would ask for a margin of safety based on proven earnings; Buffett would ask whether the moat is durable. Here, both answers are unclear, so I would treat it as a speculative venture, not a proven value investment.

In plain English: Quantum Computing Inc. makes advanced optical chips and quantum machines for government and business customers. The business is still very small and losing money, even though sales have jumped recently. At $6.87 a share, the price is near the value of its assets minus debts, so it does not look wildly expensive on that measure, but because there are no profits it is hard to call it cheap or fairly priced based on earnings.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer