QUBTQuantum Computing Inc.
Services-Prepackaged Software
- Revenue
- $682K
- 83% YoY
- Operating margin
- -7489.3%
- 7.7% YoY
- EBITDA
- −$47M
- 111% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$181M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired13× of revenueOver 10% of revenue
- Payouts exceed cash flowClear-1% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear11% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | $136K | $358K | $373K | $682K | 83% |
| Operating income | −$17M | −$29M | −$26M | −$26M | −$51M | 97% |
| Net income | −$28M | −$39M | −$28M | −$69M | −$19M | 73% |
| Operating cash flow | −$7M | −$15M | −$18M | −$16M | −$30M | 87% |
| Capex | $19K | $870K | $2M | $6M | $7M | 11% |
| Stock-based comp | $10M | $9M | $4M | $6M | $9M | 50% |
| Dividends | — | $787K | $865K | $215K | — |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $508K | −$205K | 73 | — |
| FY2024 | $444K | $5M | 117 | — |
| FY2023 | $472K | $543K | 6 | — |
| FY2022 | $5M | $4M | 11 | — |
| FY2021 | $2M | $1M | 24 | — |