Quantum Computing Inc. (QUBT) intrinsic value & 10-year financials

Quantum Computing Inc. (QUBT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue grew 71.3% a year to $682.0K, with an average return on invested capital of -56.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$6.36
Market cap
$1.0M
Revenue (FY2025)
$682.0K
Revenue growth (9-yr CAGR)
71.3%
ROIC (10-yr avg)
-56.1%
Free cash flow (FY2025)
-$37.0M

QUBT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $682.0K -$18.7M -$0.11 -$37.0M -7489.3% -4.2%
FY2024 $373.0K -$68.5M -$0.73 -$22.2M -6953.6% -132.5%
FY2023 $358.0K -$29.7M -$0.31 -$22.1M -7603.7% -38.9%
FY2022 $135.6K -$38.6M -$0.69 -$18.4M -26966.4% -48.8%
FY2021 — -$27.9M -$0.48 -$6.8M — —
FY2020 — -$24.7M — -$11.6M — —
FY2019 — -$8.4M — -$2.3M — —
FY2018 — -$30.7M — -$2.4M — —
FY2017 — -$175.0K — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Quantum Computing Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Quantum Computing Inc. has historically struggled to out-earn its cost of capital, averaging just -56.1% ROIC.

Quantum Computing Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Quantum Computing Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-3.65 per share.

QUBT stock: frequently asked questions

What is the intrinsic value of Quantum Computing Inc. (QUBT) stock?

Graham's formula only works with positive earnings. Quantum Computing Inc. reported diluted EPS of -$0.11 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Quantum Computing Inc. generate free cash flow?

Quantum Computing Inc. generated -$37.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 8 reported years.

What is QUBT's return on invested capital?

Average ROIC over the last 9 fiscal years was -56.1%, and average return on equity was 1698.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this QUBT data come from?

From Quantum Computing Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 10, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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