Reading QUBT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track QUBT free→Reading QUBT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track QUBT free→NASDAQInformation TechnologyComputer HardwareSnapshot 2026-06-16
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and management's recent track record has been unsteady, with frequent disruptive corporate changes. The company was unprofitable over the past year, so its earnings quality can't be assessed. Peer multiples imply a price about 648% below where it trades (it looks expensive on this basis); the read is rich, as it trades above peer multiples, and the longer horizon does not make that back through growth. Key factors to watch include the potential for favorable macroeconomic shifts, such as if the Fed starts cutting rates, which could provide a tailwind for QUBT. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $11.10. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $11, QUBT's earnings are too small for P/E to mean much; on sales it trades at 623× p/s (123.8× the 5× p/s peer median). At a normal multiple the price implies ~647% near-term growth vs our ~100% forecast. That gap is an optionality premium a financial-multiple model can't price — our $1.49 fair value covers only the as-is business, low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 647% near-term growth, well above our forecast of about 100%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Flags: expensive valuation, a turbulent sector regime (Heating).
For similar setups historically (n=2,301): about 43% saw a 20%+ drawdown, and roughly 77% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 63% of the time over the next year (vs 62% for the rest of the cohort, n=2777).
Over the trailing year it converted 0.89x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.07 → $-0.05 (+28.2% / 30d). 0 raised, 0 cut, 3 covering analysts.
0 upgrades, 0 downgrades / 30d. 67% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$362.
How much price usually moves either way.
On a bad day, this stock has moved -$967.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $7,437.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
Management rose by 8.6 points (from 40.7 to 49.3).
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: A drop in sector revenue growth could impact Quantum Computing's performance and outlook.
Confirms:Sector revenue growth falls below its median, indicating a slowdown.
Disproves:Sector revenue growth is still above average. This shows that it is still growing.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for QUBT yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
No upside scenarios in the latest snapshot.
No downside scenarios in the latest snapshot.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 11, 2026, Quantum Computing Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 (the “Section”) of the Securities Exchange Act of 1934, as amended (th…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Technology Hardware, Storage & Peripherals.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
QUBT Quantum Computing, Inc. | Below typical Show detailsSector percentile: 27 of 100 | expensive | high |
AAPL Apple Inc | Above typical Show detailsSector percentile: 74 of 100 | expensive | moderate |
SNDK Sandisk | Above typical Show detailsSector percentile: 77 of 100 | expensive | elevated |
DELL Dell Technologies | Above typical Show detailsSector percentile: 88 of 100 | full | elevated |
STX Seagate Technology | Typical Show detailsSector percentile: 63 of 100 | expensive | elevated |
16 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated volatile grew net income 58% of the time over the next year (vs 61% for the rest of the cohort, n=793).
Not investment advice. As of 2026-06-16.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on completing the acquisition of Luminar Technologies' assets to enhance capabilities.
Stated in 3 of last 3 quarters. The acquisition of Luminar Technologies' assets was announced on January 11, 2026, as part of strategic growth initiatives. The company is focusing on enhancing its capabilities through this acquisition, but financial impacts are not yet visible in the revenue or income statements.
“Company announced the acquisition of Luminar Technologies' assets.”
“Entered into a Stock Purchase Agreement with Luminar Technologies.”
“Discussed strategic acquisition plans to enhance capabilities.”
Aim to increase revenue through strategic initiatives and acquisitions.
Stated in 4 of last 4 quarters. Revenue increased from $198,000 in 2025-Q4 to $3,691,000 in 2026-Q1, indicating significant growth. The company is delivering on its revenue growth priority through strategic initiatives and acquisitions.
“Revenue increased significantly due to strategic initiatives.”
Focus on achieving profitability through cost management and revenue growth.
Stated in 3 of last 3 quarters. Net income was -$4,050,000 in 2026-Q1, reflecting ongoing losses. Despite efforts to manage costs and grow revenue, the company has not yet achieved profitability, indicating limited progress on this priority.
“Focused on achieving profitability through cost management.”
“Profitability remains a key goal despite current losses.”
Completion of Acquisition or Disposition of Assets. This amendment No. 1 to Current Report on Form 8-K amends the Current Report on Form 8-K filed by Quantum Computing Inc. (the “Company”) with the Securities Exchange Commission (“SEC”) on February 3, 2026, (the “Original Report”). We filed the Original Report to report the Stock Purchase Agreement, dated as of December 15, 2025 (the “Stock Purchase Agreement”) with Luminar Technologies, Inc., a Delaware corporation (the “Seller”) and Luminar…
Results of Operations and Financial Condition. On March 2, 2026, Quantum Computing Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and the year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 (the “Section”) of the Securities Exchange Act…
Other Events On March 5, 2026, Quantum Computing Inc. (the “Company”) announced the completion of its acquisition of NuCrypt, LLC (“NuCrypt”), in a transaction valued at $5 million to be paid in a combination of cash and shares of the Company’s common stock. Upon the closing of the acquisition, NuCrypt became a wholly-owned subsidiary of the Company. A copy of the Company’s press release announcing the closing of the NuCrypt acquisition is attached hereto as Exhibit 99.1 and is incorporated h…
Completion of Acquisition or Disposition of Assets. As previously disclosed on a Current Report on Form 8-K filed by Quantum Computing Inc. (the “Company”) on December 15, 2025, the Company entered into a Stock Purchase Agreement, dated as of December 15, 2025 (the “Stock Purchase Agreement”) with Luminar Technologies, Inc., a Delaware corporation (the “Seller”) and Luminar Semiconductor, Inc., a Delaware corporation (the “Target”), pursuant to which, subject to the terms and conditions set f…
“Focused on revenue growth through acquisitions.”
“Discussed plans to boost revenue through strategic actions.”
“Revenue growth is a key focus for the company.”
“Discussed strategies to move towards profitability.”