Overview
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- TickerQUBT on Nasdaq2
- IndustryServices-Prepackaged Software2
- HeadquartersDover, United States2
- Incorporated inDE3
- Business address5 Marine View Plz, Suite 214, Hoboken, Nj 070303
- Filer categoryLarge accelerated filer3
- Legal formCorporation2
- LEI529900CDGY17USDW2C302
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o UNITED CORPORATE SERVICES, INC., 800 NORTH STATE STREET SUITE 304, 19901 Dover, United States2
- Registered withDivision of Corporations, Department of State, 67651512
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Patent owned and developed jointly by Northrop Grumman Systems Corporation and Freedom Photonics, LLC, a subsidiary of Luminar.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Service brought in 54% of the revenue Quantum Computing Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Service | $353.0K | $346.0K | $368.0K |
| Product | $5.0K | $27.0K | $314.0K |
Regions
United States brought in 87% of the revenue Quantum Computing Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $342.0K | $373.0K | $592.0K |
| Europe | $16.0K | $65.0K | |
| Asia | $25.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue3¢$615.0K
- Research and development97¢$20.5M
Out of $682.0K in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenue | $682.0K | $373.0K | $358.0K |
| Cost of revenue | $615.0K | $261.0K | $196.0K |
| Gross profit | $67.0K | $112.0K | $162.0K |
| Research and development | $20.5M | $11.3M | $8.9M |
| Sales and marketing | $3.4M | $1.8M | $1.8M |
| General and administrative | $27.2M | $12.9M | $15.7M |
| Total operating expenses | $51.1M | $26.0M | $26.4M |
| Loss from operations | -$51.1M | -$25.9M | -$26.2M |
| Interest and other income, net | $20.7M | $423.0K | $295.0K |
| Interest expense | -$65.0K | -$2.5M | -$1.6M |
| Change in fair value of derivative liability | $11.8M | -$40.5M | $528.0K |
| Loss before income tax provision | -$18.7M | -$68.5M | -$27.0M |
| Net Loss | -$18.7M | -$68.5M | -$27.0M |
| Less: Series A convertible preferred stock dividends | $861.0K | ||
| Net loss attributable to common stockholders | -$18.7M | -$68.5M | -$27.9M |
| Unrealized gain on available-for-sale debt securities (net of tax) | $905.0K | ||
| Total comprehensive income (loss) | -$17.8M | -$68.5M | -$27.9M |
| Basic (in Dollars per share) | -$0.11 | -$0.73 | -$0.42 |
| Diluted (in Dollars per share) | -$0.11 | -$0.73 | -$0.42 |
| Basic (in Shares) | 164.5K shares | 93.9K shares | 66.6K shares |
| Diluted (in Shares) | 164.5K shares | 93.9K shares | 66.6K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2018-07-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $737.9M | $78.9M | |||
| Accounts receivable, net | $519.0K | $27.0K | |||
| Inventory | $352.0K | $18.0K | |||
| Short Term Investments | $379.4M | ||||
| Accrued interest receivable | $3.6M | ||||
| Prepaid expenses and other current assets | $11.9M | $161.0K | |||
| Total current assets | $1.1B | $79.2M | |||
| Property and equipment, net | $13.0M | $8.2M | |||
| Operating lease right-of-use assets | $2.4M | $1.5M | |||
| Intangible assets, net | $6.5M | $9.0M | |||
| Goodwill | $55.6M | $55.6M | |||
| Long-term investments | $403.1M | ||||
| Accrued interest receivable - long term | $4.6M | ||||
| Other non-current assets | $131.0K | $129.0K | |||
| Total assets | $1.6B | $153.6M | |||
| Accounts payable | $778.0K | $1.4M | |||
| Accrued expenses | $9.1M | $2.1M | |||
| Deferred revenue | $395.0K | $79.0K | |||
| Other current liabilities | $766.0K | $974.0K | |||
| Total current liabilities | $11.1M | $4.6M | |||
| Derivative liability | $7.8M | $40.5M | |||
| Operating lease liabilities | $1.8M | $1.2M | |||
| Total liabilities | $20.7M | $46.3M | |||
| Common stock, $0.0001 par value, 250,000 thousand shares authorized; 224,165 and 129,012 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $22.0K | $13.0K | |||
| Additional paid-in capital | $1.8B | $307.8M | |||
| Accumulated deficit | -$219.2M | -$200.5M | |||
| Accumulated other comprehensive income | $905.0K | ||||
| Total stockholders equity | $1.6B | $107.3M | $68.7M | $65.1M | |
| Total liabilities and mezzanine and stockholders equity | $1.6B | $153.6M | |||
| Preferred stock par value (in Dollars per share) | $0.00 | $0.00 | |||
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized (in Shares) | 250.0M shares | 250.0M shares | |||
| Common stock, shares issued (in Shares) | 224.2M shares | 129.0M shares | |||
| Common stock, shares outstanding (in Shares) | 224.2M shares | 129.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2018-07-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $737.9M | $78.9M | |||
| Accounts receivable, net | $519.0K | $27.0K | |||
| Inventory | $352.0K | $18.0K | |||
| Short Term Investments | $379.4M | ||||
| Accrued interest receivable | $3.6M | ||||
| Prepaid expenses and other current assets | $11.9M | $161.0K | |||
| Total current assets | $1.1B | $79.2M | |||
| Property and equipment, net | $13.0M | $8.2M | |||
| Operating lease right-of-use assets | $2.4M | $1.5M | |||
| Intangible assets, net | $6.5M | $9.0M | |||
| Goodwill | $55.6M | $55.6M | |||
| Long-term investments | $403.1M | ||||
| Accrued interest receivable - long term | $4.6M | ||||
| Other non-current assets | $131.0K | $129.0K | |||
| Total assets | $1.6B | $153.6M | |||
| Accounts payable | $778.0K | $1.4M | |||
| Accrued expenses | $9.1M | $2.1M | |||
| Deferred revenue | $395.0K | $79.0K | |||
| Other current liabilities | $766.0K | $974.0K | |||
| Total current liabilities | $11.1M | $4.6M | |||
| Derivative liability | $7.8M | $40.5M | |||
| Operating lease liabilities | $1.8M | $1.2M | |||
| Total liabilities | $20.7M | $46.3M | |||
| Common stock, $0.0001 par value, 250,000 thousand shares authorized; 224,165 and 129,012 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $22.0K | $13.0K | |||
| Additional paid-in capital | $1.8B | $307.8M | |||
| Accumulated deficit | -$219.2M | -$200.5M | |||
| Accumulated other comprehensive income | $905.0K | ||||
| Total stockholders equity | $1.6B | $107.3M | $68.7M | $65.1M | |
| Total liabilities and mezzanine and stockholders equity | $1.6B | $153.6M | |||
| Preferred stock par value (in Dollars per share) | $0.00 | $0.00 | |||
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized (in Shares) | 250.0M shares | 250.0M shares | |||
| Common stock, shares issued (in Shares) | 224.2M shares | 129.0M shares | |||
| Common stock, shares outstanding (in Shares) | 224.2M shares | 129.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$18.7M | -$68.5M | -$27.0M |
| Depreciation and intangibles amortization | $4.4M | $3.8M | $3.3M |
| Amortization of issuance costs | $2.1M | $925.0K | |
| Change in fair value of derivative liability | -$11.8M | $40.5M | -$528.0K |
| Change in value of derivative | -$666.0K | ||
| Provision for credit losses | $279.0K | $279.0K | |
| Amortization of operating lease right-of-use assets | $540.0K | $294.0K | $222.0K |
| Stock-based compensation expense | $8.7M | $5.8M | $4.3M |
| Stock-based compensation expense for services | $18.0K | $23.0K | $284.0K |
| Accounts receivable | -$492.0K | $38.0K | -$52.0K |
| Inventory | -$334.0K | $55.0K | -$70.0K |
| Accrued interest receivable | -$8.2M | ||
| Prepaid expenses and other current assets | -$11.8M | $16.0K | -$110.0K |
| Other non-current assets | -$2.0K | -$69.0K | |
| Accounts payable | -$594.0K | -$90.0K | $596.0K |
| Deferred revenue | $316.0K | $79.0K | |
| Accrued expenses and other current liabilities | $8.0M | $362.0K | -$112.0K |
| Operating lease liabilities | -$412.0K | -$236.0K | -$241.0K |
| Net cash used in operating activities | -$30.3M | -$16.2M | -$18.3M |
| Purchase of property and equipment | -$6.7M | -$6.0M | -$2.1M |
| Issuance of loan receivable | -$500.0K | ||
| Purchases of available-for-sale debt securities | -$1.2B | ||
| Proceeds from sales of available-for-sale debt securities | $376.3M | ||
| Proceeds from maturities of available-for-sale debt securities | $39.9M | ||
| Other recognized losses (gains) | -$7.0K | ||
| Net cash used in investing activities | -$788.3M | -$6.0M | -$2.6M |
| Proceeds raised from financial liabilities, net of issuance costs | $7.0M | ||
| Payments of financial liabilities, net of interest | -$10.3M | -$6.2M | |
| Series A Preferred stock dividend payments | -$215.0K | -$865.0K | |
| Repurchase of Series A preferred stock | -$4.1M | ||
| Net proceeds from exercise of warrants | $2.4M | ||
| Net proceeds from issuance of common stock | $1.5B | $106.8M | $24.7M |
| Net cash provided by financing activities | $1.5B | $99.1M | $17.7M |
| Net increase (decrease) in cash | $658.9M | $76.9M | -$3.2M |
| Cash paid for interest | $268.0K | $813.0K | |
| Fair value of derivative liability reclassed to additional paid-in capital due to exercise of warrants | $21.0M | ||
| Issuance of stock expensed from 2024, awarded in 2025 | $1.5M | ||
| Leased assets obtained in exchange for new operating lease liabilities | $1.4M | $765.0K | |
| Reclassification of Series A preferred stock to mezzanine equity | $8.2M | ||
| Valuation of derivative associated with convertible financial liability | $666.0K | ||
| Conversion of Series A preferred to common stock | $4.1M |
No quarter-by-quarter statement was filed.
Corporate structure
Quantum Computing Inc. sits at the top of its group. 10 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Quantum Computing Inc.
- Yuping Huang Filed SCHEDULE 13D/A on Quantum Computing Inc., latest May 28, 2026 (3 filings since Jun 27, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Quantum Computing Inc., latest Mar 27, 2026 (3 filings since Jul 29, 2025)
- BlackRock Filed SCHEDULE 13G/A on Quantum Computing Inc., latest Jan 21, 2026 (2 filings since Oct 17, 2025)
- CITADEL ADVISORS LLC Filed SCHEDULE 13G on Quantum Computing Inc., latest Oct 2, 2025
- Quantum Computing Inc. Dover, Delaware, United States
- EM4, LLC Subsidiary · Delaware, United States
- EMFOUR Acquisition Co., LLC Subsidiary · Delaware, United States
- Freedom Photonics, LLC Subsidiary · California, United States
- Luminar Semiconductor, Inc. Subsidiary · Delaware, United States
- Optogration Inc. Subsidiary · Delaware, United States
- QI Solutions, Inc. Subsidiary · Delaware, United States
- QPhoton, LLC Subsidiary · Delaware, United States
- Qubittech International, Inc. Subsidiary · Delaware, United States
- Qubittech, Inc. Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Quantum Computing Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $15.9M6 Dec 31, 2025 | $9.2M6 Dec 31, 2024 | +73.0% |
| Accumulated depreciation | $2.9M6 Dec 31, 2025 | $966.0K6 Dec 31, 2024 | +201.2% |
| Property and equipment, net | $13.0M6 Dec 31, 2025 | $8.2M6 Dec 31, 2024 | +58.0% |
| Operating-lease assets (leased space) | $2.4M6 Dec 31, 2025 | $1.5M6 Dec 31, 2024 | +54.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $737.9M6 Dec 31, 2025 | $78.9M6 Dec 31, 2024 | +834.7% |
| Marketable securities, current | $379.4M6 Dec 31, 2025 | ||
| Debt securities available for sale | $782.5M6 Dec 31, 2025 | ||
| Long-term investments | $403.1M6 Dec 31, 2025 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $55.6M6 Dec 31, 2025 | $55.6M6 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $6.5M6 Dec 31, 2025 | $9.0M6 Dec 31, 2024 | −27.6% |
| Finite-lived intangibles, gross | $17.0M6 Dec 31, 2025 | $17.0M6 Dec 31, 2024 | 0% |
| Accumulated amortization | $8.0M6 Dec 31, 2025 | $8.0M6 Dec 31, 2024 | 0% |
| Finite-lived intangibles, net | $6.5M6 Dec 31, 2025 | $9.0M6 Dec 31, 2024 | −27.6% |
Inventory
Properties, in its own words
We maintain our principal office at 5 Marine View Plaza, Suite 214, Hoboken, NJ 07030. The Company’s principal office is comprised of 16,390- square feet of laboratory and office space in a multistory, multi-tenant building under a multi-year lease, most of which ends on May 31, 2028, with a portion of the lease ending July 31, 2030. Additionally, the Company leases 9,261 square feet of manufacturing (semiconductor and photonic chip fabrication), laboratory, clean room, and office space in a multi-tenant building in Tempe, AZ for 51-months ending November 30, 2028. The Company also has a short-term agreement for approximately 800 square feet in a multi-tenant facility in Tysons, VA that provides 24/7 furnished co-working space, conference room space, and other services on an as-needed basis. As a result of the LSI Acquisition, we also have a leased facility in Santa Barbara, CA for 20,337 square feet which expires November 30, 2026, a leased facility in Wilmington, MA for 7,573 square feet that expires January 30, 2030, a lease in Cranbury, NJ for 16,464 square feet that expires March 31, 2028, and a leased facility in Beford, MA for 19,332 square feet which expires August 31, 2028. Each of the LSI leases contains extension options.
Item 2 of the 10-K filed Mar 2, 2026.5
Leadership
Who has led Quantum Computing Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerWilliam J. McGann Feb 21, 2025 to Jul 2, 202515
- Chief executive officerYuping Huang Jul 2, 2025 to now16
- Chief executive officerRobert Liscouski Jan 10, 2019 to Dec 29, 202317
- PresidentWilliam J. McGann Feb 21, 2025 to Feb 21, 202515
- PresidentYuping Huang Jul 2, 2025 to now16
- PresidentRobert Liscouski Jan 10, 2019 to Dec 29, 202317
- Chief financial officerChristopher Boehmler Jul 7, 2023 to now18
- Chief operating officerMilan Begliarbekov Jan 12, 2026 to now19
- Chief operating officerWilliam J. McGann Jan 26, 2022 to Oct 19, 202220
Board members and other officers (14)
- Chief Revenue OfficerSusan G. Hunt Jul 29, 2026 to now21
- Chief Revenue OfficerPouya Dianat May 21, 2025 to now22
- Chief Quantum Tech. OfficerYuping Huang Jun 27, 2022 to now23
- Chief Revenue OfficerDavid Charles Morris May 19, 2021 to Oct 19, 202224
- Board memberEric Mark Schwartz Mar 28, 2025 to now25
- Board memberJavad Shabani Apr 29, 2024 to now26
- Board memberCarl Scott Weimer Jan 11, 2023 to now27
- Board memberYuping Huang Jun 27, 2022 to now23
- Board memberDavid Charles Morris Oct 19, 2022 to Oct 19, 202228
- Board memberRobert B. Fagenson Nov 10, 2021 to now29
- Board memberWilliam J. McGann Nov 10, 2021 to Nov 10, 202130
- Board memberBertrand Velge Jan 10, 2019 to Jan 30, 202331
- Board memberRobert Liscouski Jan 10, 2019 to Apr 22, 202417
- Board memberJustin Schreiber Jan 15, 2019 to Apr 1, 202132
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- EM4, LLC Delaware4
- EMFOUR Acquisition Co., LLC Delaware4
- Freedom Photonics, LLC California4
- Luminar Semiconductor, Inc. Delaware4
- Optogration Inc. Delaware4
- QI Solutions, Inc. Delaware4
- QPhoton, LLC Delaware4
- Qubittech International, Inc. Delaware4
- Qubittech, Inc. Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 2, 20268-K Regulation FD disclosure33
- Sep 8, 20268-K Financial statements and exhibits34
- Aug 10, 20268-K Results of operations35
- Jul 22, 20268-K Executive or director change; Other events36
- Jun 30, 20268-K Change to shareholders' rights; Executive or director change; Bylaws or fiscal year changed37
- Jun 23, 20268-K Entered a material agreement; Completed an acquisition or sale; Regulation FD disclosure38
- May 18, 20268-K Regulation FD disclosure39
- May 11, 20268-K Results of operations40
- Apr 17, 20268-K Completed an acquisition or sale41
- Mar 5, 20268-K Other events42
- Mar 2, 20268-K Results of operations43
- Feb 3, 20268-K Completed an acquisition or sale; Regulation FD disclosure44
- Jul 2, 2025New chief executive Yuping Huang becomes CEO16
- Feb 21, 2025New chief executive William J. McGann becomes CEO15
- Jan 10, 2019New chief executive Robert Liscouski becomes CEO17
- Feb 22, 2018Founded Quantum Computing Inc. is founded2
Calendar
Coming up
- Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.05) a share, on Nov 14, 2025.45
When it reported results
- Aug 10, 2026Reported quarterly or annual results35
- May 11, 2026Reported quarterly or annual results40
- Mar 2, 2026Reported quarterly or annual results43
- Nov 14, 2025Reported quarterly or annual results46
- Jun 11, 2024Reported quarterly or annual results47
- Mar 30, 2023Reported quarterly or annual results48
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
256 filings to the SEC since October 2021: 9 annual reports, 15 quarterly reports, 65 major events, 79 insider forms, 9 large holders, 79 other. The latest 20:
- Oct 2, 20268-K CURRENT REPORT EDGAR
- Sep 8, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
- Aug 24, 20264/A EDGAR
- Aug 21, 20264 EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K CURRENT REPORT EDGAR
- Jul 29, 20263 OWNERSHIP DOCUMENT EDGAR
- Jul 22, 20268-K CURRENT REPORT EDGAR
- Jul 9, 2026S-8 REGISTRATION STATEMENT EDGAR
- Jun 30, 20268-K CURRENT REPORT EDGAR
- Jun 23, 20268-K CURRENT REPORT EDGAR
- Jun 1, 20264 EDGAR
- Jun 1, 20264 EDGAR
- Jun 1, 20264 EDGAR
- May 28, 2026SCHEDULE 13D/A EDGAR
- May 18, 20268-K CURRENT REPORT EDGAR
- May 11, 202610-Q QUARTERLY REPORT EDGAR
- May 11, 20268-K CURRENT REPORT EDGAR
- Apr 30, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Apr 30, 2026DEF 14A PROXY STATEMENT EDGAR
The 256 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
31 open-market trades by officers, directors and large owners since October 2021: 0 buys and 31 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 11, 2026 | Roberts Christopher BruceCFO and General Counsel | Sale | 9,360 | $7.85 | $73.5K | Form 4 |
| Mar 10, 2026 | Roberts Christopher BruceCFO and General Counsel | Sale | 68,902 | $7.85 | $540.9K | Form 4 |
| Jan 7, 2026 | Begliarbekov MilanChief Operating Officer | Sale | 2,860 | $11.85 | $33.9K | Form 4 |
| Sep 15, 2025 | FAGENSON ROBERT BDirector | Sale | 5,000 | $16.88 | $84.4K | Form 4 |
| Sep 12, 2025 | FAGENSON ROBERT BDirector | Sale | 15,000 | $15.62 | $234.3K | Form 4 |
| Sep 11, 2025 | FAGENSON ROBERT BDirector | Sale | 30,000 | $15.63 | $468.9K | Form 4 |
| Sep 10, 2025 | FAGENSON ROBERT BDirector | Sale | 35,000 | $15.52 | $543.2K | Form 4 |
| Sep 9, 2025 | FAGENSON ROBERT BDirector | Sale | 15,000 | $15.02 | $225.3K | Form 4 |
| Sep 8, 2025 | Shabani JavadDirector | Sale | 17,474 | $15.26 | $266.7K | Form 4 |
| Sep 5, 2025 | Shabani JavadDirector | Sale | 20,000 | $15.30 | $306.0K | Form 4 |
| Sep 4, 2025 | Huang YupingCEO and President | Sale | 1,000,000 | $14.42 | $14.4M | Form 4 |
| Aug 25, 2025 | Dianat PouyaChief Revenue Officer | Sale | 17,175 | $15.53 | $266.7K | Form 4 |
| Jun 12, 2025 | Boehmler ChristopherChief Financial Officer | Sale | 46,440 | $20.00 | $928.8K | Form 4 |
| Jun 11, 2025 | Boehmler ChristopherChief Financial Officer | Sale | 83,495 | $19.92 | $1.7M | Form 4 |
| Jun 10, 2025 | Boehmler ChristopherChief Financial Officer | Sale | 96,679 | $15.96 | $1.5M | Form 4 |
| Jun 9, 2025 | Boehmler ChristopherChief Financial Officer | Sale | 92,271 | $15.00 | $1.4M | Form 4 |
| Jun 9, 2025 | TURMELLE MICHAEL CDirector | Sale | 200,986 | $14.18 | $2.8M | Form 4 |
| May 19, 2025 | Huang YupingCEO and President | Sale | 500,000 | $11.70 | $5.8M | Form 4 |
| May 19, 2025 | Shabani JavadDirector | Sale | 39,973 | $11.66 | $466.1K | Form 4 |
| Mar 25, 2025 | Huang YupingCEO and President | Sale | 200,000 | $8.48 | $1.7M | Form 4 |
All 31 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Yuping HuangSCHEDULE 13D/A, 3 filings Jun 27, 2022 to May 28, 202649
- VANGUARD GROUP INCSCHEDULE 13G/A, 3 filings Jul 29, 2025 to Mar 27, 202650
- BlackRockSCHEDULE 13G/A, 2 filings Oct 17, 2025 to Jan 21, 202651
- CITADEL ADVISORS LLCSCHEDULE 13G, 1 filing Oct 2, 202552
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Christopher Roberts | $188.8K | $1.5M53 | |
| 2025 | Chris Boehmler | $235.8K | $517.1K53 | |
| 2025 | Yuping Huang | 47 | $401.3K | $508.2K53 |
| 2025 | William J. McGann | $233.3K | $233.3K53 | |
| 2025 | Robert Liscouski | $33.3K | $33.3K53 | |
| 2024 | Former Chief Financial Officer | $300.5K | $857.8K53 | |
| 2024 | Former ChiefExecutive Officer and President | $402.2K | $596.3K53 | |
| 2024 | Chief Executive OfficerPresident and Chairman | $380.4K | $414.1K53 | |
| 2024 | Chief Financial Officer | $277.8K | $314.6K53 | |
| 2023 | Former ChiefExecutive Officer and President | $403.1K | $610.6K53 | |
| 2023 | Chief Financial Officer | $431.6K | $529.2K53 | |
| 2023 | Chief Executive OfficerPresident and Chairman | $400.3K | $506.8K53 | |
| 2023 | Former Chief Financial Officer | $260.2K | $504.0K53 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 17,733,975 | $172.0M | 0.0% | +1,594,763 |
| Vanguard Capital Management LLC | 8,848,881 | $85.8M | 0.0% | +86,586 |
| Defiance ETFs, LLC | 7,033,410 | $66.3M | 0.9% | +2,538,327 |
| Vanguard Portfolio Management LLC | 6,566,582 | $63.7M | 0.0% | −143,542 |
| Geode Capital Management, LLC | 5,322,648 | $51.6M | 0.0% | +622,343 |
| State Street Corp | 4,921,317 | $47.7M | 0.0% | +404,497 |
| Morgan Stanley | 3,292,011 | $31.9M | 0.0% | +971,285 |
| Marex Group Ltd | 2,302,359 | $22.3M | 0.2% | −2,186,553 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,272,533 | $22.1M | 0.0% | +69,232 |
| UBS Group AG | 2,045,200 | $19.8M | 0.0% | +729,508 |
| Bank of New York Mellon Corp | 1,975,697 | $19.2M | 0.0% | +953,093 |
| Northern Trust Corp | 1,815,091 | $17.6M | 0.0% | +126,010 |
| Charles Schwab Investment Management Inc | 1,641,744 | $15.9M | 0.0% | +149,534 |
| Mubadala Investment Co PJSC | 1,587,350 | $15.4M | 0.0% | No change |
| Capital Fund Management S.a. | 1,505,193 | $14.6M | 0.1% | −195,702 |
| National Bank Of Canada /fi/ | 1,458,236 | $14.1M | 0.0% | +1,319,087 |
| Clear Street Group Inc. | 1,427,999 | $13.9M | 0.0% | +585,780 |
| Van Eck Associates Corp | 1,317,352 | $12.8M | 0.0% | +345,750 |
| Vanguard Fiduciary Trust Co | 1,301,720 | $12.6M | 0.0% | −41,906 |
| Susquehanna International Group, Llp | 1,172,886 | $11.4M | 0.0% | +485,063 |
| Bnp Paribas Financial Markets | 1,070,785 | $10.4M | 0.0% | +729,860 |
| Raymond James Financial Inc | 1,037,659 | $10.1M | 0.0% | +248,076 |
| Pacific Heights Asset Management LLC | 1,000,000 | $9.7M | 0.3% | No change |
| Focus Financial Network, Inc. | 911,635 | $8.8M | 0.3% | +730,240 |
| Goldman Sachs Group Inc | 789,243 | $7.7M | 0.0% | −118,731 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Quantum Computing Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARQuantum Computing Inc.1
- CIK0001758009
- Employer ID (EIN)82-45330535
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address5 Marine View Plz, Suite 214, Hoboken, NJ 070301
- Phone703-436-21611
- Shares outstanding226,346,861 as of Aug 7, 202612
- Public float$2.5B as of Jun 30, 20255
- AuditorBPM LLP, San Jose, California PCAOB ID 207; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceJan 9, 20191
- Filings357 in all: 8-K (85), 4 (71), 10-Q (23), 3 (18), UPLOAD (17), CORRESP (15), 144 (12), EFFECT (9)1
All 44 form types
10-K (8), 10-K/A (7), 424B3 (6), D (6), DEF 14A (6), S-1 (6), DEFA14A (5), SC 13D/A (5), 424B5 (4), 8-K/A (4), SC 13D (4), 10-12G/A (3), PRE 14A (3), S-1/A (3), S-3 (3), S-3/A (3), SC 13G (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), 10-12G (2), 4/A (2), NT 10-Q (2), S-3ASR (2), S-8 (2), 10-Q/A (1), 144/A (1), 8-A12B (1), CERT (1), D/A (1), DEF 14C (1), PRE 14C (1), PRER14A (1), PRER14C (1), RW (1), SC 13G/A (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 2, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 30, 2026
Latest 8-K (8-K) Oct 2, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $.0001 | QUBT | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Quantum Computing Inc. names in Item 1A of its 10-K filed Mar 2, 2026: 46 risks under these headings, as written.5
- Risks Related to Our Financial Condition and Status as an Early-Stage Company
- We are in our early stages and have a limited operating history, which makes it difficult to forecast the future results of our operations.
- We have a history of operating losses and expect to incur significant expenses and continuing losses for the foreseeable future.
- We have a history of accumulated deficits, recurring losses and negative cash flows from operating activities. We may be unable to achieve or sustain profitability or continue operations as planned.
- We may not be able to scale our business quickly enough to meet customer and market demand, which could adversely affect our financial condition and results of operations or cause us to fail to execute on our business strategies.
- Even if the market in which we compete achieves its anticipated growth levels, our business could fail to grow at similar rates, if at all.
- We may not manage growth effectively.
- We will require a significant amount of cash for expenditures as we invest in ongoing research and development and business operations and may need additional capital sooner than planned to pursue our business objectives and respond to business opportunities, challenges or unforeseen circumstances, and we cannot be sure that additional financing will be available. If we are unable to raise additional funding when needed, we may be required to delay, limit or substantially reduce our development efforts.
- Failure to identify errors in the quantitative models we utilize to manage our business could adversely impact product performance and client relationships.
- Our ability to use net operating loss carryforwards and other tax attributes may be limited in connection with the QPhoton Merger or other ownership changes.
- Risks Related to Our Business and Industry
- We have not produced any of our products at volume and we face significant barriers in our attempts to develop and manufacture our products, including the need to invent and develop new technology. If we cannot successfully overcome those barriers, our business will be negatively impacted and could fail.
The other 36 risks
- We may be unable to reduce the production cost sufficiently, which may prevent us from pricing our quantum systems competitively.
- If our products and services fail to deliver customer value to a broader range of customers than classical approaches, our business, financial condition and future prospects may be harmed.
- The quantum computing industry is competitive and we may not be successful in competing in this industry or establishing and maintaining confidence in our long-term business prospects among current and future partners and customers.
- We rely on access to high-performance third-party classical computing through public clouds and high-performance computing centers to deliver quantum products and services to customers. We may not be able to maintain connectivity with these resources, which could make it harder for us to reach customers or deliver products and services in a cost-effective manner.
- We depend on certain suppliers to source products. Failure to maintain our relationship with any of these suppliers, or a failure to replace any of these suppliers, could have a material adverse effect on our business, financial position, results of operations and cash flows.
- Acquisitions or divestitures could result in adverse impacts on our operations.
- TFLN Optical Chips manufacturers, suppliers and distributors are concentrated primarily in China and other parts of East Asia, which is an area that is or may be subject to geopolitical uncertainty, trade disputes and restrictions, environmental disasters, and other risks. Any disruption to the operations of these manufacturers or distributors could cause significant delays in the production or shipment of our products and impact our financial condition.
- In order to compete, we must attract, retain and motivate key associates, and the failure to do so could have an adverse effect on our business, financial condition and results of operations.
- Even if we are successful in developing our products and executing our strategy, competitors in the industry may achieve technological breakthroughs that render our quantum computing systems obsolete or inferior to other products.
- The quantum computing industry is in its early stages and volatile, and if it does not develop, if it develops slower than we anticipate, if it encounters negative publicity or if our quantum computing products and services do not achieve commercial adoption, the growth of our business will be harmed.
- We have experienced in the past and could also suffer future disruptions, outages, defects and other performance and quality problems with our quantum computing products and services, our production technology partners or with the public cloud, data centers and internet infrastructure on which we rely.
- Our future growth and success depend on our ability to sell effectively to government entities and large enterprises.
- Our quantum computing systems may not be compatible with some or all industry-standard software and hardware in the future, which could harm our business.
- Cybersecurity risks and the failure to maintain the integrity of data belonging to the Company could expose us to data loss, litigation and liability, and our reputation could be significantly harmed.
- Computer malware, viruses, hacking, phishing attacks and spamming could harm our business and results of operations.
- Unfavorable conditions in our industry or the global economy could limit our ability to grow our business and negatively affect our results of operations.
- Government actions and regulations, such as tariffs and trade protection measures, especially in China and the United States, may adversely impact our business, including our ability to obtain products from our suppliers
- We may become subject to legal proceedings that could have a material adverse impact on our financial position and results of operations.
- We intend to continue exploring strategic business acquisitions and other business combinations and transactions, which are subject to inherent risks.
- We have identified material weaknesses in our internal control over financial reporting and may identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal control, which may result in material misstatements of our financial statements or cause us to fail to meet our periodic reporting obligations.
- Unstable market and economic conditions may have serious adverse consequences on our business, financial condition and share price.
- We are subject to governmental export and import controls that could impair our ability to compete in international markets due to licensing requirements and subject us to liability if we are not in compliance with applicable laws.
- We may become subject to product liability claims, which could harm our financial condition and liquidity if we are not able to successfully defend or insure against such claims.
- Risks Related to Intellectual Property
- Any failure to obtain, maintain and protect our intellectual property rights could impair our ability to protect and commercialize our proprietary products and technology and cause us to lose our competitive advantage.
- Our inability to secure patent protection or enforce our patent rights could have a material adverse effect on our ability to prevent others from commercializing similar products or technology.
- We may face patent infringement and other intellectual property claims that could be costly to defend, result in injunctions and significant damage awards, or limit our ability to use certain key technologies in the future, all of which could harm our business.
- Growing our customer base depends upon the effective operation of our applications with operating systems, networks and standards that we do not control.
- We may not be able to protect our source code from copying if there is an unauthorized disclosure of source code.
- Risks Related to Our Common Stock
- Our stock price has been and may continue to be volatile or may decline regardless of our operating performance, and you may lose part or all of your investment.
- Future sales of shares of our common stock, or the perception in the public markets that these sales may occur, may depress our stock price.
- Delays in filing financial reports, internal control weaknesses, and restatements could hinder our ability to maintain Form S-3 eligibility and adversely affect our business and stock price.
- Shares of our currently issued and outstanding stock may become freely tradable pursuant to Rule 144 and may dilute the market for your shares and have a depressive effect on the price of the shares of our common stock.
- We currently do not intend to pay dividends on our common stock. As a result, your only opportunity to achieve a return on your investment is if the price of our common stock appreciates.
- You may experience dilution of your ownership interest due to the future issuance of additional shares of our common stock.
- Our executive officers and directors possess significant voting power with respect to our common stock, which will limit your influence on corporate matters.
- Our articles of incorporation grant the Board the power to issue additional shares of common and preferred shares and to designate other classes of preferred shares, all without stockholder approval.
Legal proceedings
Except as listed below, there is no action, suit, or proceeding by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of the Company or our subsidiaries, threatened against or affecting the Company, our common stock, our subsidiaries, or the Company’s or its subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect on the Company.
BV Advisory Partners, LLC Proceedings
BV Advisory v. QCi Appraisal Action
BV Advisory Partners, LLC (“BV Advisory”) was a shareholder of QPhoton, Inc., the predecessor in interest to the Company’s subsidiary, QPhoton, LLC (both referred to as “QPhoton” in this Legal Proceedings discussion). On October 13, 2022, BV Advisory filed a petition in the Court of Chancery of the State of Delaware (the “Delaware Chancery Court”) seeking appraisal rights on the shares of common stock of QPhoton it owned (which shares represented 10% of the shares of common stock of QPhoton outstanding immediately prior to the Company’s acquisition of QPhoton) pursuant to Section 262 of the Delaware General Corporation Law.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 21SEC EDGARSusan G. Hunt, Chief Revenue Officer
- 22SEC EDGARPouya Dianat, Chief Revenue Officer
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- 25SEC EDGAREric Mark Schwartz, Board member
- 26SEC EDGARJavad Shabani, Board member
- 27SEC EDGARCarl Scott Weimer, Board member
- 28SEC EDGARDavid Charles Morris, Board member
- 29SEC EDGARRobert B. Fagenson, Board member
- 30SEC EDGARWilliam J. McGann, Board member
- 31SEC EDGARBertrand Velge, Board member
- 32SEC EDGARJustin Schreiber, Board member
- 33SEC EDGARRegulation FD disclosure
- 34SEC EDGARFinancial statements and exhibits
- 35SEC EDGARResults of operations
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- 39SEC EDGARRegulation FD disclosure
- 40SEC EDGARResults of operations
- 41SEC EDGARCompleted an acquisition or sale
- 42SEC EDGAROther events
- 43SEC EDGARResults of operations
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- 45NasdaqNasdaq calendar
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