Quantum Computing Inc

QUBTPhotonic

$8.74▲ +$0.6400TODAY

24H

+7.9%

+6.7%

-5.1%

-44.0%

Website ↗

Key Statistics

Market Capⓘ$1.97B

Cash Runwayⓘ335 mo

52W Highⓘ$25.84

52W Lowⓘ$6.18

2Y Highⓘ$39.60-77.9% below 2Y high

RSI (14-day)ⓘ37.6Neutral

Beta (1Y vs SPY)ⓘ1.97High Risk

Next Earningsⓘ—

Daily Short Vol %ⓘ58%2026-07-29

Analyst Price Targets

6 analysts

Low Target

$10.00

+14.4%

Median Target

$18.00

+105.9%

High Target

$30.00

+243.2%

$10.00 low+109.8% to mean$30.00 high

Analyst Recommendations

Buy (4)Hold (2)

Recommendation Trend

Period	Buy	Hold	Total
Current	4	2	6
1 mo ago	4	2	6
2 mo ago	4	2	6
3 mo ago	4	2	6

Current Ratings by Analyst (6 firms)

RosenblattBuy

reiterated2026-06-29

Ascendiant CapitalBuy

reiterated2026-06-15

Northland Capital MarketsOutperform

initiated2026-04-20

Lake StreetBuy

reiterated2025-11-17

Cantor FitzgeraldNeutral

reiterated2026-03-03

WedbushNeutral

initiated2025-12-17

Source: Finnhub · most recent rating per firm

Consensus Target History

Solid = mean · dashed = high/low range · horizontal line = current price

Prediction Markets

POLYMARKETLIVE ODDS

Will Quantum Computing beat quarterly earnings?

More prediction markets →

Community Sentiment

91%

▲ BullishStockTwits · last 21 scored posts▼ Bearish

How do you feel about QUBT today?

Anonymous · one vote per 24h · results shown after you vote

Community Posts

@IamJdubs▲ Bullish5d ago

$QUBT this thing wants to rip our faces off

♥ 2

@brodancho5d ago

$QUBT thanks for the dip! Time to RIP!!

♥ 3

@dragon_heart5d ago

$QUBT Warsh has the ability answering your questions without answering your questions. Because he studied the law, but he probably did not practice law (I will look it up later). There is one female in first row dark hair, she asked two questions. That is all you need. Again, listen to what Warsh did NOT say. He already ruled out rate hike. It is a clear as day.

326 followers

@Titzcollector5d ago

$QUBT looking good for Monday ER!

♥ 1 · 146 followers

@Arrow_Investments▲ Bullish5d ago

$QUBT The new Fed head is gooooooood... Shorts are toasted

518 followers

@Arrow_Investments▲ Bullish5d ago

$QUBT loading 10 strike call while it’s still cheap for august opex lotto play

518 followers

View all on StockTwits ↗

Also Watching

QNT$55.65+8.2%IONQ$38.85+6.6%QBTS$16.21-5.2%RGTI$16.02+7.2%

Quantum Sector Market Cap Share

3.8% of sector

QNT$14.51B27.7%

IONQ$14.50B27.7%

QBTS$6.00B11.4%

RGTI$5.32B10.2%

XNDU$3.37B6.4%

IQMX$2.62B5.0%

INFQ$2.40B4.6%

QUBT$1.97B3.8%

HQ$711M1.4%

BTQ$550M1.0%

ARQQ$306M0.6%

QSI$162M0.3%

Trading Platforms

Google Finance ↗Nasdaq ↗Robinhood ↗Fidelity ↗

Price History

Compare vs

Dashed lines mark market-closed periods (overnight, weekends & holidays)

About Quantum Computing Inc

Quantum Computing Inc (QUBT) has a market cap of $1.97B as of August 2026 — #8 of the 12 pure-play quantum computing stocks by market value.

Quantum Computing Inc develops photonic quantum processors and reservoir quantum computing systems. Its Dirac series uses Entropy Quantum Computing (EQC) for constrained optimization, and its Neurawave product applies photonic reservoir computing to edge AI inference.

Sector

Technology

Industry

Computer Hardware

Employees

Founded

2018

Headquarters

Leesburg, VA

Shares Outstanding

225.5M

Quantum Division

https://www.quantumcomputinginc.com/technology/

Visit ↗

Quantum Technology

Hardware Type

Photonic Variables (EQC — Entropy Quantum Computing)

Cloud Access

QCi Cloud (Dirac-3)Direct API

Roadmap Target

NeuraWave commercial deployment 2026; TFLN photonic chip commercialization (POET collaboration; Luminar manufacturing)

Dirac-3 uses Entropy Quantum Computing (EQC): a photonic analog optimizer with 949 fully-interconnected variables (200 discrete qudit modes per variable, all-to-all) — not a gate-based quantum computer. Room temperature, <100 W, 5U rack-mount. Separate product line: NeuraWave, a photonic reservoir computing platform for edge AI inference (deployment-ready April 2026; up to 1.25B nodes/second). First commercial order: framework agreement with Planck Dynamics (June 2026) — initial purchase order for 5 NeuraWave systems, deployment pathway up to 100 systems (>$10M potential program value). NASA contract (Dec 2024) for radar image reconstruction using Dirac-3. Acquired Luminar Semiconductor ($110M, Q1 2026) for photonic component manufacturing; TFLN modulator collaboration with POET Technologies.

▲

Dilution Risk16 shelf or ATM filings on record (S-3/424B/SUPPL). These filings can provide a channel for new share sales.

Cash Position & Runway

Total Cashⓘ

$986.11M

TTM Cash Burnⓘ

$30.29M

per year (TTM)

Cash Runwayⓘ

335 mo

Total Debtⓘ

$0.00

Quarterly Operating Cash Flow

Red bars = cash burn (negative operating CF). Green = cash-flow positive. Source: SEC EDGAR 10-Q filings.

Financial Metrics (Annual)

Total Revenueⓘ

$682.00K

Revenue Growth (YoY)ⓘ

+82.8%

Gross Marginsⓘ

9.82%

Operating Marginsⓘ

-7489.30%

Net Marginsⓘ

-2738.12%

Total Debtⓘ

$0.00

P/E Ratio (TTM)ⓘ

—

EPS (TTM)ⓘ

$-0.1100

Price / Bookⓘ

1.23

Earnings Per Share (TTM)

EPS (TTM)ⓘ

$-0.1100

Unprofitable

P/E Ratioⓘ

—

Price / Bookⓘ

1.23

Price-to-Book

Returns vs S&P 500

QUBT-53.2%

S&P 500+15.6%

vs Index-68.8%

QUBT+488.7%

S&P 500+63.3%

vs Index+425.5%

QUBT-1.7%

S&P 500+65.1%

vs Index-66.9%

Source: price_history vs SPY · Periods where price history is unavailable are hidden

Government Contracts & Grants

Total Obligated

$95.66K

Awards Found

USAspending ↗

Included: Federal contracts & grants (USAspending.gov, prime recipient only).
Excluded: Subcontracts, state/local funding, classified contracts, awards <~$30k.

Source: USAspending.gov · Updated quarterly

Shares Outstanding History

Source: SEC EDGAR XBRL · 10-K and 10-Q filings · Rising trend = dilution

Daily Short Volume (FINRA)

Latest Short Vol %

58%

2026-07-29

Short Volume

2,105,772

Date	Short Vol	Total Vol	Short %
2026-07-29	2,105,772	3,633,629	58%
2026-07-27	2,407,342	4,261,270	56.5%
2026-07-24	1,790,003	3,167,877	56.5%
2026-07-22	2,008,997	3,425,103	58.7%
2026-07-17	3,251,802	5,438,319	59.8%
2026-07-16	3,006,398	4,783,074	62.9%
2026-07-15	2,092,239	3,378,232	61.9%
2026-07-13	2,876,064	4,558,168	63.1%
2026-07-10	2,354,203	3,619,495	65%
2026-07-09	2,201,573	4,155,374	53%

Source: FINRA CNMS · Not the same as total short interest (outstanding positions) · Updated daily

Recent Research Papers (arXiv)

arXiv ↗

Quantum-Inspired Trace-Augmented Evidence Selection for Reasoning over Structured Hypothesis Spaces

Laura Wynter, Nirvik Sahoo, Paul Griffin·2026-06-05·arXiv:2606.06941 ↗

A Critical Comment on 'Entropy Computing: A Paradigm for Optimization in Open Photonic Systems'

Ali Hamed Moosavian, Bahram Abedi Ravan·2026-05-05·arXiv:2605.03612 ↗

Non-Negative Matrix Factorization Using Non-Von Neumann Computers

Ajinkya Borle, Charles Nicholas, Uchenna Chukwu et al.·2025-11-30·arXiv:2512.00675 ↗

Financial Fraud Detection with Entropy Computing

Babak Emami, Wesley Dyk, David Haycraft et al.·2025-03-14·arXiv:2503.11273 ↗

Solving the Traveling Salesman Problem via Different Quantum Computing Architectures

Venkat Padmasola, Zhaotong Li, Rupak Chatterjee et al.·2025-02-24·arXiv:2502.17725 ↗

Sampling electronic structure QUBOs with Ocean and Mukai solvers

Alexander Teplukhin, Brian K. Kendrick, Susan M. Mniszewski et al.·2021-02-01·arXiv:2102.01225 ↗

Source: arXiv.org API · Papers mentioning company name · Updated every 48 hours

StockTwits Sentiment

90.5%

▲ 19 Bullish▼ 2 Bearish21 scored

Source: StockTwits · last 30 messages · updated every 4h

Press Releases

GlobeNewswire ↗

Jul 27, 2026Quantum Computing Inc. to Host Second Quarter 2026 Financial Results and Company Update Call on Monday, August 10, 2026PR Newswire Jul 27, 2026Quantum Computing Inc. to Host Second Quarter 2026 Financial Results and Company Update Call on Monday, August 10, 2026Newsroom Jul 22, 2026Quantum Computing Inc. Appoints Susan Hunt as Chief Revenue Officer and Creates Chief Product Officer Role to Accelerate Commercial GrowthNewsroom Jun 23, 2026Quantum Computing Inc. Completes Acquisition of NHanced Semiconductors, Inc.Newsroom Jun 18, 2026Quantum Computing Inc. Announces Framework Agreement with Planck Dynamics to Deploy NeuraWave Photonic Reservoir Computer As A Foundational Platform For Next-Generation AI ApplicationsNewsroom Jun 1, 2026Quantum Computing Inc. Announces Attendance at Upcoming Investor ConferencesNewsroom May 11, 2026Quantum Computing Inc. Reports First Quarter 2026 Financial ResultsNewsroom

Source: Company newsroom (direct) + wire services (GlobeNewswire, PR Newswire) via Finnhub

News Mention Volume (30 days)

Articles indexed every 4h · Sentiment scored via Loughran-McDonald financial word lists (bullish/bearish keyword frequency). Not ML-based — scores reflect word presence only and may not capture context or sarcasm.

SEC Filings & Earnings Reports

View annual, quarterly, and material-event filings on SEC EDGAR

SEC EDGAR ↗

Financial Story

FY 2025

Revenue

$682.00K

▲ 82.8% YoY

Net Income

-$18.67M

Cash

$737.88M

QCi raises $1.475B in equity, ends FY2025 with $1.52B in cash+investments but only $682K revenue

·Raised $1,475.1M in net proceeds via private placement of 86.3M shares, ending the year with $737.9M cash and $782.5M in short/long-term investments.

·Agreed to acquire Luminar Semiconductor for $110M cash (closed Feb 2, 2026) via a Section 363 bankruptcy court-supervised process.

·Product revenue surged 1,063% YoY to $314K driven by vibrometer and quantum networking device sales; also launched cloud-based Dirac-3 access.

Management expects product revenues to continue increasing; anticipates additional losses and higher opex as R&D and go-to-market investment continues; integration/scaling costs from Luminar acquisition expected. Executive bonus targets reference $30M revenue milestone.

FY 2024

Revenue

$373.00K

▲ 4.2% YoY

Net Income

-$68.54M

Cash

$78.90M

QCi burns $68.5M net loss in FY2024 as warrant revaluation dwarfs tiny $373K revenue

·Raised ~$113.8M in equity in 2024 (two block sales totaling $90M plus $23.8M ATM), ending year with $78.9M cash and flipping working capital from -$2.2M to +$74.6M.

·$40.5M non-cash loss from mark-to-market revaluation of QPhoton Warrants drove net loss to $68.5M, vastly exceeding the $26M operating loss.

·R&D spend surged 27% to $11.3M as company invested in TFLN Optical Chip foundry (AZ Chips Facility); total operating expenses held roughly flat at $26M.

Management expects product revenues to grow as foundry/TFLN chip offerings are marketed, but anticipates continued net losses and heavy opex. Existing cash deemed sufficient for at least 12 months; additional equity or debt financing likely needed longer term.

FY 2023

Revenue

$358.05K

▲ 164% YoY

Net Income

-$29.73M

Cash

$2.06M

QCi revenue surges 164% but burns cash fast with going-concern doubt looming

·Revenue jumped 164% to $358K driven by new government service contracts and first hardware product sales ($4.5K); still tiny absolute scale.

·Operating expenses fell 25% to $27.4M primarily due to $9M reduction in stock-based compensation, narrowing net loss to $29.7M.

·Raised $25.5M via ATM equity facility in 2023 to fund operations; cash on hand rose to ~$6.6M by March 28, 2024 post year-end.

Management expects revenues to increase meaningfully in 2024 as hardware commercialization accelerates, but additional financing will be required and going-concern risk persists.

FY 2022

Revenue

$135.65K

Net Income

-$36.59M

Cash

$5.59M

Quantum Computing posts first-ever revenue of $136K but net loss widens 38% to $36.6M in FY2022

·First revenue ever recorded — $135,648 from professional services to commercial and government clients; zero product revenue.

·QPhoton merger drove major cost increases: +$8.4M stock-based comp, +$2M R&D, +$7.1M SG&A including legal/audit fees.

·Cash on hand ~$7.4M as of March 28, 2023; total debt $9.3M ($535K short-term + $8.25M long-term).

Management expects revenues to increase meaningfully in 2023 as the company emphasizes hardware capability and transitions from professional services to commercialization; relying on ATM facility and potential equity offerings to fund operations.

FY 2021

Revenue

$0.00

Net Income

-$27.90M

Cash

$13.23M

Quantum Computing Inc. generates zero revenue in FY2021, burning $27.9M net loss

·Company remains pre-revenue development stage; released two quantum software products and initiated commercialization efforts, with first revenue expected in 2022.

·Net loss widened by $3.16M primarily due to $3.16M increase in interest expense from Series A Convertible Preferred and Warrants offering.

·Raised $32.9M total since inception ($27.8M equity + $5.1M convertible notes); no long-term debt or lines of credit outstanding.

Management expects to generate first customer revenue in 2022 and believes current cash position is sufficient to fund operations for the next twelve months and beyond.

FY 2020

Revenue

$0.00

Net Income

-$24.73M

Cash

$15.20M

Quantum Computing Inc. burns $24.7M in FY2020 with zero revenue, funded by $20.8M equity raise

·Raised $20.75M via equity issuance in FY2020, ending the year with $15.2M cash vs. $101K prior year, extending runway significantly.

·Net loss surged to $24.7M from $8.4M, driven by $11.2M in stock-based compensation and $5.7M in financing-related interest expense.

·Two products developed and released; company transitioning to commercialization phase with first revenue expected in 2021.

Management expects to generate first revenue in 2021 following release of two products and initiation of marketing/commercialization efforts; no specific financial guidance provided.

FY 2019

Revenue

$0.00

Net Income

-$8.38M

Cash

$101.10K

Quantum Computing Inc. remains pre-revenue development stage with $8.4M net loss in FY2019

·Company released two products late in 2019 and began commercialization; expects first revenue in 2020.

·Operating expenses fell 56% YoY primarily due to a $3.97M reduction in stock-based compensation, partially offset by $641K increase in R&D spend.

·Total capital raised since inception: $4.57M ($75K equity + $4.495M convertible notes); no bank debt, but cash nearly depleted at $101K year-end.

Management expects to generate revenue in 2020 following release of two quantum software products; plans to raise additional capital to fund operations and remediate internal control weaknesses.

FY 2018

Revenue

$0.00

Net Income

-$30.67M

Cash

$1.77M

Quantum Computing Inc. burns $30.7M in FY2018 with zero revenue as pre-revenue development-stage startup

·Raised $4.07M in 2018 via equity ($75K) and convertible promissory notes ($3.995M); cash balance $1.77M at year-end, ~$1.38M as of March 2019.

·$24.3M of the $30.7M net loss was non-cash stock-based compensation; $3.995M was non-cash beneficial conversion feature interest expense.

·Asset impairment charge of $625K taken on a $670K secure IT system purchased from a related party (former CISO's company), raising conflict-of-interest concerns.

No formal guidance provided. Company remains pre-revenue, focused on quantum software development targeting financial services and cybersecurity. Pursuing U.S. government grants. No product launch timeline disclosed.

10-K · 10-Q · 20-F · 40-F · 6-K filings

All Filings ↗

Date Filed	Form	Period Covered
2026-05-11	10-Q	2026-03-31	EDGAR ↗
2026-03-02	10-K	2025-12-31	EDGAR ↗
2025-11-14	10-Q	2025-09-30	EDGAR ↗
2025-08-14	10-Q	2025-06-30	EDGAR ↗
2025-05-15	10-Q	2025-03-31	EDGAR ↗
2025-03-20	10-K	2024-12-31	EDGAR ↗
2024-11-06	10-Q	2024-09-30	EDGAR ↗
2024-10-02	10-Q	2024-06-30	EDGAR ↗
2024-10-02	10-Q	2024-03-31	EDGAR ↗
2024-09-11	10-K/A	2023-12-31	EDGAR ↗
2024-04-01	10-K	2023-12-31	EDGAR ↗
2023-11-13	10-Q	2023-09-30	EDGAR ↗
2023-08-14	10-Q	2023-06-30	EDGAR ↗
2023-07-10	10-K/A	2022-12-31	EDGAR ↗
2023-06-26	10-K/A	2022-12-31	EDGAR ↗
2023-05-12	10-Q	2023-03-31	EDGAR ↗
2023-04-14	10-K/A	2022-12-31	EDGAR ↗
2023-03-30	10-K	2022-12-31	EDGAR ↗
2022-11-14	10-Q	2022-09-30	EDGAR ↗
2022-08-15	10-Q	2022-06-30	EDGAR ↗
2022-05-23	10-Q	2022-03-31	EDGAR ↗
2022-03-15	10-K	2021-12-31	EDGAR ↗
2021-11-05	10-Q	2021-09-30	EDGAR ↗
2021-08-16	10-Q	2021-06-30	EDGAR ↗
2021-05-13	10-Q	2021-03-31	EDGAR ↗
2021-03-18	10-K	2020-12-31	EDGAR ↗
2020-11-13	10-Q	2020-09-30	EDGAR ↗
2020-08-10	10-Q	2020-06-30	EDGAR ↗
2020-05-12	10-Q	2020-03-31	EDGAR ↗
2020-03-27	10-K	2019-12-31	EDGAR ↗
2019-11-13	10-Q	2019-09-30	EDGAR ↗
2019-08-02	10-Q	2019-06-30	EDGAR ↗
2019-06-07	10-Q/A	2019-03-31	EDGAR ↗
2019-06-07	10-K/A	2018-12-31	EDGAR ↗
2019-05-14	10-Q	2019-03-31	EDGAR ↗
2019-05-10	10-K/A	2018-12-31	EDGAR ↗
2019-04-26	10-K/A	2018-12-31	EDGAR ↗
2019-03-28	10-K	2018-12-31	EDGAR ↗

Source: SEC EDGAR · Annual: 10-K / 20-F / 40-F · Quarterly: 10-Q / 6-K · AI summaries generated automatically

Market Events

Earnings releases, contracts, leadership changes, offerings

All 8-Ks ↗

2026-07-22

8-K

Pending summary…↗

2026-06-30

8-K

At Quantum Computing Inc.'s (QUBT) 2026 Annual Meeting held on June 24, 2026, stockholders approved several key measures, including an increase in authorized common shares from 250 million to 450 million (total capital stock raised from 260 million to 460 million shares, effective June 29, 2026 upon Delaware filing), and an expansion of the 2022 Equity and Incentive Plan's share pool from 20 million to 30 million shares with a revised annual evergreen increase of 2% of outstanding shares. Stockholders also elected six directors — Dr. Yuping Huang, Dr. Carl Weimer, Dr. Javad Shabani, Robert Fagenson, Michael Turmelle, and Eric Schwartz — and approved executive compensation on a non-binding advisory basis. The record date for the meeting was April 27, 2026, with 225,522,137 shares outstanding and approximately 56.1% represented at the meeting.↗

2026-06-23

Earnings

Quantum Computing Inc. (QUBT) announced that on June 22, 2026, it completed the acquisition of NHanced Semiconductors, Inc., a Delaware corporation, making it a wholly owned subsidiary. The total purchase price consists of approximately $68.1 million in cash plus $5.0 million in QUBT common stock at closing, with $20.0 million of the cash consideration held in escrow contingent on NHanced meeting revenue targets in 2027 and 2028. Sellers may also receive up to an additional $72.0 million in earnout payments in cash and/or stock based on NHanced achieving specified revenue and EBITDA thresholds over those same two years.↗

2026-05-18

IR Event

Quantum Computing Inc. (Nasdaq: QUBT) filed an 8-K on May 18, 2026, disclosing under Regulation FD that it presented an investor presentation at an investor conference on May 13, 2026, which was subsequently posted to the company's website on May 14, 2026. The presentation (Exhibit 99.1) was furnished but not deemed "filed" for liability purposes under the Securities Exchange Act. The filing was signed by CFO Christopher Roberts.↗

2026-05-11

Earnings

Quantum Computing Inc. (Nasdaq: QUBT) filed an 8-K on May 11, 2026, disclosing its financial results for the quarter ended March 31, 2026, via a press release attached as Exhibit 99.1. The filing was signed by CFO Christopher Roberts and is furnished rather than filed, meaning it is not subject to liability under Section 18 of the Securities Exchange Act. No specific financial figures were included in the 8-K itself; the detailed results are contained in the accompanying press release.↗

2026-03-05

8-K

Quantum Computing Inc. (QUBT) announced on March 5, 2026 that it completed its acquisition of NuCrypt, LLC, making NuCrypt a wholly-owned subsidiary. The deal was valued at $5 million, paid through a combination of cash and shares of QUBT common stock. The filing was signed by CFO Christopher Roberts.↗

2026-03-02

Earnings

Quantum Computing Inc. (QUBT) filed an 8-K on March 2, 2026, disclosing its financial results for the fourth quarter and full year ended December 31, 2025. The press release was issued by the company and the filing was signed by CFO Christopher Roberts. No specific financial figures were included in the 8-K body itself, with the detailed results contained in the attached Exhibit 99.1.↗

2026-02-03

Agreement

Quantum Computing Inc. (QUBT) completed its acquisition of Luminar Semiconductor, Inc. from Luminar Technologies, Inc. on February 2, 2026, per a Stock Purchase Agreement originally signed December 15, 2025. The total consideration was approximately $108.5 million, consisting of roughly $97.5 million in cash at closing plus $11.0 million held in escrow to cover potential indemnification obligations through February 2, 2027. Financial statements and pro forma information for the acquired business will be filed as an amendment within 71 calendar days of the required filing date.↗

2026-01-12

Gov ContractAgreement

Quantum Computing Inc. (QUBT) entered into a Purchase Agreement on January 11, 2026, to acquire certain assets of Luminar Technologies, Inc. — including inventory, intellectual property, contracts, equipment, and LiDAR-related intangibles — for $22.0 million in cash. Luminar is currently a Chapter 11 debtor in U.S. Bankruptcy Court for the Southern District of Texas (case commenced December 15, 2025), and QUBT has been designated the stalking horse bidder under Section 363 of the Bankruptcy Code. The deal is subject to competing bids at auction and Bankruptcy Court approval, with a termination deadline of March 31, 2026 (extendable to April 30, 2026); if outbid, QUBT is entitled to a break-up fee of 3% of the purchase price plus capped expense reimbursement.↗

2025-12-17

LeadershipAgreement

Quantum Computing Inc. (QUBT) announced that its Board of Directors formally appointed Dr. Yuping Huang as permanent Chief Executive Officer on December 12, 2025, having previously served as Interim CEO since April 11, 2025. Under a new employment agreement effective January 1, 2026, Dr. Huang will receive an annual base salary of $425,000 and a target annual bonus of 100% of base salary, while continuing to serve as President and Chairman of the Board.↗

2025-12-15

Agreement

Quantum Computing Inc. (QUBT) entered into a Stock Purchase Agreement on December 15, 2025, to acquire Luminar Semiconductor, Inc. from Luminar Technologies, Inc. for $110 million in cash, with QUBT serving as the stalking horse bidder in a court-supervised Section 363 bankruptcy sale after Luminar Technologies filed for Chapter 11 in the Southern District of Texas that same day. The deal is subject to Bankruptcy Court approval, competing bids at auction, and must close by March 31, 2026, or the agreement may be terminated. If outbid by a competing buyer, QUBT would be entitled to a break-up fee equal to 3% of the purchase price plus capped expense reimbursement.↗

2025-11-14

Earnings

Quantum Computing Inc. (QUBT) filed an 8-K on November 14, 2025, disclosing its financial results for the quarter ended September 30, 2025. The filing was signed by CFO Christopher Roberts and accompanied by a press release (Exhibit 99.1) containing the detailed results. No specific financial figures were included in the 8-K body itself; the full results are contained in the attached press release.↗

2025-10-08

Offering

Quantum Computing Inc. (QUBT) entered into securities purchase agreements on October 5, 2025, to sell 37,183,937 shares of common stock in a private placement that closed on October 8, 2025, generating approximately $750 million in gross proceeds. Titan Partners Group LLC served as exclusive placement agent and will receive a 4% cash fee on the total offering size, plus up to $100,000 in expense reimbursement. The company is subject to a 75-day lock-up on new share issuances and must file a resale registration statement for the placement shares by October 23, 2025, while directors and executive officers are subject to a 60-day lock-up on their own shares.↗

2025-09-24

Agreement

Quantum Computing Inc. (QUBT) entered into securities purchase agreements on September 21, 2025, for a private placement of 26,867,276 shares of common stock, which closed on September 24, 2025, generating approximately $500 million in gross proceeds. Titan Partners Group LLC, a division of American Capital Partners, LLC, acted as exclusive placement agent and will receive a 5% cash fee on the total placement size. The company is required to file a resale registration statement by October 9, 2025, and is subject to a 75-day lock-up on new share issuances, while directors and executive officers are subject to a 60-day lock-up on their shares.↗

2025-06-25

Agreement

Quantum Computing Inc. (QUBT) entered into securities purchase agreements on June 22, 2025, to sell 14,035,089 shares of common stock at $14.25 per share in a private placement, which closed on June 24, 2025, generating approximately $200 million in gross proceeds. Titan Partners Group LLC (a division of American Capital Partners, LLC) acted as exclusive placement agent, and the company is required to file a resale registration statement by July 9, 2025. Directors and executive officers are subject to a 60-day lock-up, and the company itself is restricted from issuing additional shares for 75 days following closing.↗

2025-06-20

LeadershipEquity Grant

Quantum Computing Inc. (QUBT) announced that CFO Christopher Boehmler retired effective June 19, 2025, and will receive a separation package including 12 months of base salary ($300,000), 25,000 shares of common stock, 12 months of health coverage, and immediate vesting of his stock options. The Board appointed Christopher Roberts, age 70 and a former QUBT CFO from 2018–2023, as the new CFO and General Counsel effective June 20, 2025, with a base salary of $370,000, an annual bonus of up to 50%, and an initial grant of 300,000 stock options. Roberts had most recently served as a consultant and outside counsel to the company from 2023 to 2025, during which he was paid approximately $533,662 in compensation.↗

2025-05-08

Earnings

Quantum Computing Inc. (QUBT) announced on May 2, 2025 the appointment of two executives: Dr. Milan Begliarbekov (age 40) as Chief Operating Officer and Dr. Pouya Dianat (age 39) as Chief Revenue Officer, both effective immediately. Dr. Begliarbekov's annual salary was increased to $248,000 in connection with his COO appointment, while both individuals were promoted from existing internal roles within the company. The filing was signed by CEO William McGann and reported on May 8, 2025.↗

2025-04-16

Leadership

Quantum Computing Inc. (QUBT) disclosed that CEO and President Dr. William McGann notified the board on April 11, 2025, of his retirement, effective May 12, 2025, with a separation package of $420,000 (12 months base salary) plus six months of COBRA health coverage reimbursement. The board simultaneously appointed Dr. Yuping Huang, current Chairman and Chief Quantum Officer, as Interim CEO and President, effective upon McGann's departure, with no change to his existing compensation. Dr. Huang, age 45, previously founded QPhoton, Inc., which was acquired by the company on June 16, 2022.↗

2025-04-04

8-K

Quantum Computing Inc. (QUBT) disclosed that its Board of Directors has set June 18, 2025, as the date for its 2025 Annual Meeting of Stockholders, which is more than 30 days earlier than the anniversary of the 2024 Annual Meeting, triggering updated submission deadlines for stockholder proposals and director nominations. Stockholder proposals under Rule 14a-8 and director nominations must be received by the Company's Secretary at its Hoboken, NJ office no later than April 14, 2025, while proxy solicitation notices under Rule 14a-19 must be submitted no later than April 19, 2025. The filing was signed by CFO Christopher Boehmler on April 4, 2025.↗

2025-03-26

Equity Grant

Quantum Computing Inc. (QUBT) appointed Eric M. Schwartz to its Board of Directors effective March 26, 2025, as an independent director. Schwartz, age 41, is a Managing Director at Castle Harlan private equity firm and has prior investment banking experience at Citigroup Global Markets. As compensation, he will receive 100,000 stock options vesting quarterly through year-end and $60,000 in annual cash compensation paid in quarterly installments.↗

2025-01-08

Agreement

Quantum Computing Inc. (QUBT) entered into Securities Purchase Agreements on January 7, 2025, to sell 8,163,266 shares of common stock at $12.25 per share in a private placement, expected to generate approximately $100 million in gross proceeds, with closing anticipated around January 9, 2025. Titan Partners Group LLC served as exclusive placement agent, earning a 6% cash fee on gross proceeds plus 326,531 five-year warrants exercisable at $14.0875 per share beginning July 6, 2025. The company is subject to a 75-day lock-up on new share issuances following closing, and directors and executive officers agreed to a 60-day lock-up on their own shares.↗

2024-12-31

8-K

Quantum Computing Inc. (QUBT) amended its employment agreement with CEO Dr. William J. McGann on December 30, 2024, extending his tenure through December 31, 2025. His annual base salary was increased from $400,000 to $420,000 effective January 1, 2025, and he was granted a minimum annual cash bonus of 5% of his base salary.↗

2024-12-12

Offering

Quantum Computing Inc. (QUBT) entered into securities purchase agreements on December 10, 2024, to raise approximately $50 million in total gross proceeds through a registered direct offering of 1,540,000 shares and a concurrent private placement of 8,460,000 shares, both priced at $5.00 per share, with closing expected around December 12, 2024. Titan Partners Group LLC (a division of American Capital Partners, LLC) acted as exclusive placement agent, earning a 7% cash fee on gross proceeds, 500,000 five-year warrants exercisable at $5.75 per share beginning June 8, 2025, and up to $100,000 in expense reimbursement. The company and its directors and officers are subject to a 60-day lock-up following closing, and QUBT is required to file a resale registration statement for the private placement shares by December 27, 2024.↗

2024-11-18

Offering

Quantum Computing Inc. (QUBT) closed a registered direct offering on November 18, 2024, selling 16,000,000 shares of common stock at $2.50 per share, generating $40 million in gross proceeds before fees. The company intends to use the net proceeds to repay a Secured Convertible Promissory Note issued to Streeterville Capital, LLC on August 6, 2024, with remaining funds directed toward working capital and general corporate purposes. The filing was signed by CFO Christopher Boehmler, and the offering was conducted under a prospectus supplement to the company's existing Form S-3 registration statement.↗

2024-11-15

Offering

On November 14, 2024, Quantum Computing Inc. (QUBT) entered into securities purchase agreements to sell 16,000,000 shares of common stock at $2.50 per share in a registered direct offering, generating gross proceeds of $40 million, with closing expected around November 18, 2024. Titan Partners Group LLC, a division of American Capital Partners, LLC, acted as exclusive placement agent, earning a 7.25% cash fee on gross proceeds plus five-year warrants equal to 5% of securities sold, exercisable from May 13, 2025, at $2.875 per share. The company and its directors and officers are subject to a 45-day lock-up period following closing, restricting further issuances or disposals of common stock.↗

2024-09-25

8-K

Quantum Computing Inc. (QUBT) disclosed that its Board of Directors approved amendments to the company's Code of Ethics on September 20, 2024, effective October 1, 2024. The key changes tighten the conflicts of interest policy by prohibiting insiders from seeking gifts or benefits from anyone doing or seeking to do business with the company, and require that any waivers of the Code for executives or directors be approved by the full Board and publicly disclosed. The filing was signed by CFO Christopher Boehmler on September 25, 2024.↗

2024-08-22

Listing Risk

On August 20, 2024, Quantum Computing Inc. (QUBT) received a Nasdaq delisting notice for failing to file its Form 10-Q for the quarter ended June 30, 2024, by the August 14, 2024 deadline, while also remaining delinquent on its March 31, 2024 10-Q filing. The delays stemmed from the SEC's permanent bar of the company's former auditor, BF Borgers CPA PC, which was dismissed on May 3, 2024. QUBT has until September 4, 2024 to submit a compliance plan to Nasdaq, which could grant an extension of up to 180 days (until December 16, 2024); the notice does not immediately affect the stock's listing or trading.↗

2024-08-12

Restatement

Quantum Computing Inc. (QUBT) disclosed on August 6, 2024 that its previously issued financial statements for the years ended December 31, 2022 and 2023—originally audited by BF Borgers CPA PC, which was subject to an SEC cease-and-desist order—can no longer be relied upon and must be restated. The restatement, identified during a re-audit by new auditor BPM LLP, reflects errors including incorrect purchase accounting for the June 2022 merger with QPhoton LLC, misaccounted preferred stock dividends, and improper treatment of debt and equity issuance costs. The estimated impact includes a net loss increase of ~$1 million in 2023 and a net loss decrease of ~$8 million in 2022, with total assets reduced by ~$4 million and ~$11 million respectively, and the company expects to file amended Form 10-K/A reports in the coming weeks.↗

2024-08-12

Agreement

On August 6, 2024, Quantum Computing Inc. (QUBT) entered into a Securities Purchase Agreement with Streeterville Capital, LLC, under which QUBT issued a Secured Convertible Promissory Note with a principal amount of $8,250,000 (including a $750,000 original issue discount) in exchange for $7,500,000 in cash. The note bears 10% annual interest, matures 18 months from the effective date (February 2026), and is secured by all of QUBT's tangible and intangible assets, with guarantees provided by four wholly-owned subsidiaries. Proceeds are intended for general working capital, sales and marketing, and capital expenditures at QUBT's chip fabrication facility in Tempe, AZ; beginning February 6, 2025, Streeterville may redeem up to $750,000 per month and, under certain conditions, convert portions of the outstanding balance into QUBT common stock at 92% of the lowest VWAP over the prior eight trading days.↗

2024-08-01

8-K

On August 1, 2024, Quantum Computing Inc. (QUBT) filed an 8-K disclosing updates to its commercialization strategy via a letter to shareholders and a press release. The filing was signed by CFO Christopher Boehmler and includes the shareholder letter and press release as Exhibits 99.1 and 99.2, respectively. No specific financial figures were disclosed in the filing itself.↗

2024-06-27

Listing Risk

Quantum Computing Inc. (QUBT) received a Nasdaq delisting notice on June 24, 2024, for failing to file its quarterly report (Form 10-Q) by the May 15, 2024 deadline, violating Nasdaq Listing Rule 5250(c)(1). The filing delay stemmed from the SEC's permanent bar of the company's former auditor, BF Borgers CPA PC, forcing QUBT to dismiss the firm on May 3, 2024, and engage a new accounting firm. The company has until August 23, 2024 to submit a compliance plan to Nasdaq, which could grant an extension of up to 180 days (until December 16, 2024) to resolve the deficiency, with no immediate impact on the stock's listing.↗

2024-06-11

8-K

Quantum Computing Inc. (QUBT) disclosed that it dismissed its former auditor, BF Borgers CPA PC, after the SEC permanently barred the firm and its sole partner, Benjamin F. Borgers, from practicing before the Commission on May 3, 2024. As a result of the auditor change, QUBT was unable to timely file its Form 10-Q for the quarter ended March 31, 2024, and instead furnished unaudited interim financial statements as an exhibit. Effective June 6, 2024, QUBT's Audit Committee appointed BPM LLP as its new independent auditor to re-audit fiscal years 2022 and 2023 and audit fiscal year 2024.↗

2024-05-17

Listing Risk

On May 13, 2024, Quantum Computing Inc. (QUBT) received a deficiency notice from Nasdaq stating the company was out of compliance with Listing Rule 5550(a)(2) because its common stock closing bid price had been below $1.00 per share for 31 consecutive business days. The company has until November 11, 2024 (180 days) to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. The notice does not immediately affect the listing or trading of QUBT shares, and the company, signed off by CFO Christopher Boehmler, stated it is evaluating options to resolve the deficiency.↗

2024-05-08

Agreement

Quantum Computing Inc. (QUBT) dismissed its independent auditor, BF Borgers CPA PC, effective May 3, 2024, following an SEC enforcement action that barred BF Borgers from practicing before the Commission. The dismissal was approved by QUBT's Audit Committee, and there were no disagreements or reportable issues with BF Borgers during the fiscal years ended December 31, 2022 and 2023. The company is currently searching for a replacement auditor and will file a subsequent 8-K upon appointment.↗

2024-04-25

8-K

On April 19, 2024, Quantum Computing Inc. (QUBT) appointed Dr. Javad Shabani, age 42, to its Board of Directors. Dr. Shabani is an associate professor and director of the NYU Center for Quantum Information Physics, bringing over 13 years of experience in quantum physics. As compensation, he will receive an annual salary of $36,000 paid quarterly and options to purchase 100,000 shares of the company's common stock.↗

2024-03-27

Listing Risk

On March 26, 2024, Quantum Computing Inc. (QUBT) received notice from Nasdaq that it had regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum closing bid price of $1.00 per share. The company's stock had maintained a closing bid price at or above $1.00 for 10 consecutive business days, satisfying the requirement. The filing was signed by CFO Christopher Boehmler on March 27, 2024.↗

2024-03-25

Agreement

On March 19, 2024, Quantum Computing Inc. (QUBT) entered into a Redemption and Waiver Agreement with holders of its Series A Convertible Preferred Stock to redeem all outstanding preferred shares for a total of $8,195,000 ($5.50 per share) via 18 monthly payments. In exchange, the holders agreed to waive certain rights, including dividend accrual, on a month-by-month basis tied to each payment. As of March 25, 2024, the company had already redeemed 82,783 shares for $455,307, leaving 1,407,221 preferred shares still outstanding.↗

2024-01-31

LeadershipAgreement

Quantum Computing Inc. (QUBT) disclosed a CEO transition effective February 1, 2024, in which Robert Liscouski departed as CEO and President after the Board chose not to renew his employment agreement, with the termination classified as without "Cause." Dr. William J. McGann, previously the company's COO and CTO, was promoted to CEO and President, with no immediate changes to his compensation. Liscouski will remain as Chairman of the Board at a fee of $12,500 per month and will receive severance benefits plus 168,000 shares of restricted common stock owed from his 2022 performance review.↗

2023-11-27

LeadershipAgreement

Quantum Computing Inc. (QUBT) disclosed that board member Bertrand Velge resigned effective November 20, 2023, due to medical reasons, with no disagreement over company operations. Velge had served on the Audit and Compensation committees and as Chairman of the Nominating and Corporate Governance Committee. Following his departure, Dr. Carl Weimer joined the Audit Committee and Michael Turmelle assumed the acting chairmanship of the Nominating and Corporate Governance Committee.↗

2023-11-24

Listing Risk

On November 16, 2023, Quantum Computing Inc. (QUBT) received a deficiency notice from Nasdaq stating the company was not in compliance with Listing Rule 5550(a)(2) because its common stock had closed below $1.00 per share for 30 consecutive business days. The company has until May 14, 2024 (180 calendar days) to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. The notice does not immediately affect the listing or trading of QUBT's shares on Nasdaq, and the company stated it will monitor the situation and consider available options to resolve the deficiency.↗

2023-11-09

8-K

Quantum Computing Inc. (QUBT) held its 2023 Annual Meeting of Stockholders on November 7, 2023, with over 61.94% of the 75,094,943 eligible shares present or represented by proxy. Stockholders elected six directors — Robert Liscouski, Robert Fagenson, Michael Turmelle, Bertrand Velge, Yuping Huang, and Carl Weimer — each to a one-year term, and ratified BF Borgers CPA PC as the company's independent auditor for fiscal year ending December 31, 2023. A non-binding advisory vote on executive compensation also passed with approximately 94.64% approval.↗

2023-08-21

Offering

On August 17, 2023, Quantum Computing Inc. (QUBT) and Ascendiant Capital Markets, LLC amended their existing At-The-Market Issuance Sales Agreement, doubling the maximum aggregate offering size from $25 million to $50 million. As of the amendment date, the company had already sold approximately $22.6 million worth of common stock under the original agreement, leaving roughly $27.4 million in remaining capacity. The filing was signed by CEO Robert Liscouski on August 21, 2023.↗

2023-06-26

LeadershipEquity Grant

Quantum Computing Inc. (QUBT) disclosed that CFO Christopher Roberts resigned effective June 30, 2023, and will receive a severance package including $300,000 (12 months' base salary), six months of insurance coverage, full vesting of 76,300 restricted shares and 400,000 stock options, and a prorated 2023 bonus of up to $75,000. Concurrent with his departure, the Board appointed Christopher Boehmler, previously the company's Controller, as the new CFO effective July 1, 2023. Boehmler's compensation includes an annual base salary of $300,000, an initial grant of options to purchase 300,000 shares, annual grants of 125,000 options, and eligibility for a discretionary bonus of up to 50% of his base salary.↗

2023-03-30

Earnings

Quantum Computing Inc. (QUBT) filed an 8-K on March 29, 2023, disclosing its financial results for fiscal year 2022 and providing guidance for fiscal year 2023 via a press release. The filing was signed by CFO Christopher Roberts and submitted under Item 2.02 (Results of Operations and Financial Condition). No specific financial figures were included in the 8-K itself, as the detailed results were contained in the attached Exhibit 99.1 press release.↗

2023-02-16

OfferingIR Event

Quantum Computing Inc. (QUBT) filed an 8-K on February 16, 2023, disclosing under Regulation FD that it was distributing an investor presentation covering the company's business strategy, technology, and potential product offerings to current and prospective investors. The presentation materials (Exhibit 99.1) were made available on or after February 16, 2023, and can also be found on the company's website. The filing was signed by CFO Christopher Roberts and carries no financial transaction or deal announcement.↗

2023-01-10

8-K

Quantum Computing Inc. (QUBT) appointed Dr. Carl Weimer, PhD, age 61, to its Board of Directors on January 4, 2023, where he will also serve on the Compensation and Governance & Nominating committees. Dr. Weimer brings over 25 years of aerospace industry experience, including roles at Ball Aerospace and as Principal Investigator for the NASA Earth Science Technology Office. As compensation, he will receive an annual salary of $36,000 paid quarterly and options to purchase 100,000 shares of the company's common stock.↗

2022-12-06

Offering

On December 5, 2022, Quantum Computing Inc. (QUBT) entered into an At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC, allowing the company to sell up to $25,000,000 in common stock on an ongoing, discretionary basis through Nasdaq. Ascendiant will act as sales agent and receive a 3.0% commission on gross proceeds from any shares sold under the agreement. The shares are being offered under the company's existing Form S-3 shelf registration statement, with a prospectus supplement filed the same day.↗

2022-09-28

Agreement

On September 23, 2022, Quantum Computing Inc. (QUBT) entered into a note purchase agreement with Streeterville Capital, LLC, under which Streeterville purchased an unsecured promissory note with an initial principal of $8,250,000 (including a $750,000 original issue discount) at 10% annual interest, maturing 18 months from issuance. Beginning six months after issuance, Streeterville may redeem up to $750,000 of the outstanding balance per month in cash, and any prepayment by the company requires payment of 120% of the amount prepaid. Placement agents Ascendiant Capital Markets and Revere Securities collectively received $495,000 in fees for the transaction.↗

2022-09-26

8-K

Quantum Computing Inc. (QUBT) held its 2022 Annual Meeting of Stockholders on September 21, 2022, at which shareholders voted on several matters including the election of five directors (Robert Liscouski, Robert Fagenson, Yuping Huang, Michael Turmelle, and Bertrand Velge), all of whom were approved for one-year terms. Stockholders also approved the issuance of shares exceeding 19.99% of common stock related to the QPhoton merger, adoption of a Restated Charter, the 2022 Equity and Incentive Plan, and ratification of BF Borgers CPA PC as the company's independent auditor for fiscal year ending December 31, 2022. All proposals passed with strong majority support, with over 68.5% of common shares and 93% of Series A preferred shares present, constituting a quorum.↗

2022-08-25

IR Event

On August 25, 2022, Quantum Computing, Inc. (QUBT) filed an 8-K disclosing that it issued a shareholder letter and accompanying press release to provide investors with a company update. The filing was signed by CFO Christopher Roberts and included the shareholder letter and press release as Exhibits 99.1 and 99.2. No specific financial figures or transactions were disclosed within the 8-K itself.↗

2022-08-19

Agreement

On August 15, 2022, BV Advisory Partners, LLC filed a lawsuit against Quantum Computing Inc. (QUBT) and certain directors and officers in the Delaware Court of Chancery (C.A. No. 2022-0719-VCG), alleging breach of a Note Purchase Agreement related to QPhoton, Inc. and breach of a binding letter of intent, seeking monetary damages. QUBT denies the claims have merit, alleges that the plaintiff's key principal, Keith Barksdale, misrepresented his role during acquisition negotiations to improperly capture a larger share of consideration owed to QPhoton stockholders, and intends to vigorously defend itself. The company is also evaluating potential counterclaims against the plaintiff and related parties.↗

2022-06-21

Agreement

Quantum Computing Inc. (QUBT) completed its acquisition of QPhoton, Inc. on June 16, 2022, following a merger agreement signed on May 19, 2022, with QPhoton and its principal stockholder Yuping Huang. The merger consideration paid to QPhoton stockholders consisted of 5,802,206 shares of QUBT common stock, 2,377,028 shares of newly created Series B convertible preferred stock, and warrants to purchase up to 7,028,337 shares of common stock. As part of the deal, 175,035 shares of Series B preferred stock were placed in escrow for six months to secure Mr. Huang's indemnification obligations, and QUBT agreed to seek stockholder approval for the full issuance of shares underlying the preferred stock and warrants.↗

2022-06-10

Agreement

On June 6, 2022, the Delaware Court of Chancery issued a Section 205 Order validating Quantum Computing Inc.'s (QUBT) prior corporate acts, including its conversion from a North Carolina to a Delaware corporation, resolving potential technical authorization defects. This order was a required condition to closing QUBT's previously announced merger with QPhoton, Inc., led by principal stockholder Yuping Huang, under an Agreement and Plan of Merger signed May 19, 2022. The company believes the order confirms its organization, capitalization, and board composition in line with the expectations of its directors, officers, and stockholders.↗

2022-05-23

AgreementListing Risk

On May 19, 2022, Quantum Computing Inc. (QUBT) entered into a definitive Agreement and Plan of Merger to acquire QPhoton, Inc., a photonic quantum computing company, through a two-step merger transaction. The merger consideration payable to QPhoton stockholders, including principal stockholder Yuping Huang, consists of 5,802,206 shares of QUBT common stock, 2,377,028 shares of newly designated Series B convertible preferred stock (each convertible into 10 shares of common stock), and warrants to purchase up to 7,028,337 shares of common stock at an exercise price of $0.0001 per share. A portion of Huang's consideration—175,035 Series B preferred shares—will be held in escrow for six months post-closing to secure indemnification obligations, and the full conversion of preferred shares and exercise of warrants is subject to stockholder approval to comply with Nasdaq listing rules.↗

2022-02-24

8-K

On February 18, 2022, Quantum Computing Inc. (QUBT) entered into a Note Purchase Agreement with QPhoton, Inc., under which QUBT immediately loaned QPhoton $1,250,000 via an unsecured promissory note, with an option for QPhoton to draw a second $1,250,000 note under certain conditions. The notes carry 6% annual interest (15% upon default) and mature by March 1, 2023, extendable one year at QPhoton's option. Separately, the two companies had entered an Exclusivity Agreement on February 9, 2022, granting QUBT exclusive negotiating rights over a potential acquisition of QPhoton, with the exclusivity period automatically extended upon execution of the Note Purchase Agreement.↗

2022-01-03

LeadershipEquity Grant

Quantum Computing Inc. (QUBT) disclosed on December 30, 2021 that Christopher Roberts and Dr. William McGann resigned from the Board of Directors, with McGann simultaneously appointed as the company's Chief Operating Officer and Chief Technology Officer effective January 3, 2022. Michael Turmelle, 62, was appointed as an independent director to fill the vacancy, joining the Audit, Compensation, and Nominating and Governance Committees, and will receive $20,000 annually plus 100,000 stock options per year. Additionally, unregistered stock options were granted to McGann in connection with his executive appointment, exempt from Securities Act registration under Section 4(a)(2) and/or Regulation D.↗

2021-12-17

AgreementIR EventListing Risk

On December 16, 2021, Quantum Computing Inc. (QUBT) amended its securities purchase agreements and warrants with 7 accredited investors from a prior November 2021 private placement involving 1,545,459 shares of Series A Convertible Preferred Stock and accompanying warrants. The amendments clarified that conversions of preferred stock and warrant exercises are subject to Nasdaq Listing Rule 5635(d), capping Common Stock issuable to any single investor at 19.99% of outstanding shares. The company also filed a Certificate of Amendment with Delaware, reducing authorized Series A Preferred Stock shares from 2,000,000 to 1,550,000 and codifying the Nasdaq 19.99% cap within the stock's terms.↗

2021-11-17

8-K

Quantum Computing Inc. (QUBT) held its 2021 Annual Meeting of Stockholders on November 12, 2021, at which over 54% of eligible shares were represented. Stockholders elected five directors — Robert Liscouski, Robert Fagenson, Christopher Roberts, William J. McGann, and Bertrand Velge — each to a one-year term, and approved an amendment to the 2019 Equity and Incentive Plan doubling the shares available for issuance from 1,500,000 to 3,000,000. BF Borgers CPA PC was ratified as the company's independent auditor for 2021, executive compensation was approved on a non-binding advisory basis, and stockholders voted to hold future executive compensation votes annually.↗

2021-11-17

IR Event

Quantum Computing Inc. (QUBT) conducted a private placement from November 10–17, 2021, raising $8,500,000 from 7 accredited investors through the sale of 1,545,459 shares of Series A Convertible Preferred Stock and warrants to purchase an equal number of common shares. The preferred stock carries a conversion price of $5.50 per share, while the two-year warrants are exercisable at $7.00 per share beginning six months after issuance. The company plans to use the proceeds for working capital and agreed to file a registration statement covering the underlying common shares within 180 days.↗

2021-09-24

LeadershipEquity Grant

On September 22, 2021, Quantum Computing, Inc. (QUBT) announced the resignation of board member Justin Schreiber, effective immediately, and the appointment of William J. McGann as an independent director to fill the vacancy. McGann was assigned to the Audit Committee, named Chairman of the Compensation Committee, and appointed to the Nominating and Governance Committee. Under a Director Agreement dated September 24, 2021, McGann will receive annual compensation of $20,000 plus 100,000 stock options vesting quarterly at the grant-date stock price.↗

2021-07-02

8-K

Quantum Computing, Inc. (QUBT) filed an 8-K on July 2, 2021, disclosing that on June 30, 2021, the company issued a shareholder update via press release. The filing, signed by CFO Christopher Roberts, references the press release as Exhibit 99.1 but contains no additional material details within the filing itself. No specific financial figures or transactions were disclosed in the body of the 8-K.↗

2021-04-30

EarningsEquity Grant

Quantum Computing Inc. (QUBT) disclosed on April 26–29, 2021 that it entered into new or amended employment agreements with three senior executives: CEO Robert Liscouski ($400,000 annual salary, up to 500,000 stock options including inducement grants), CFO Christopher Roberts ($300,000 annual salary, 400,000 stock options), and Chief Revenue Officer David Morris ($415,000 annual salary, 200,000 stock options). All agreements carry three-year initial terms with performance bonus eligibility and 12-month severance provisions upon termination without cause. The associated equity grants were issued as unregistered securities under Section 4(a)(2) and/or Regulation D of the Securities Act.↗

2021-04-20

OfferingIR Event

Quantum Computing Inc. (QUBT) filed this 8-K on April 20, 2021, to disclose an investor presentation under Regulation FD, covering the company's business strategy, technology, and potential product offerings. The presentation materials were made available to current shareholders, potential investors, and customers on or after April 20, 2021, and were signed by CFO Christopher Roberts. No financial figures were disclosed; the filing serves solely as an informational update distributed via investor presentation.↗

2021-02-23

Equity Grant

Quantum Computing, Inc. (QUBT) appointed Robert Fagenson, 72, to its Board of Directors effective March 1, 2021, with Fagenson also serving as Chairman of the newly formed Audit Committee. As compensation, Fagenson received stock options to purchase up to 100,000 shares of common stock and will be paid $5,000 per quarter. The Board also formally established three governance committees — Audit, Compensation, and Nominating — on February 17, 2021, with Fagenson, Bertrand Velge, and Justin Schreiber serving as respective chairmen.↗

2021-01-27

8-K

On January 21, 2021, Quantum Computing Inc. (QUBT) issued a total of approximately 2,009,273 unregistered shares of common stock in three transactions: 500,000 shares to two board members as compensation for services dating back to 2018, 893,000 shares to board member Bernard Velge upon conversion of a $893,000 convertible promissory note originally issued August 17, 2018, and 616,273 shares via cashless warrant exercises. All shares were issued without SEC registration under the Section 4(a)(2) exemption and/or Regulation D.↗

2021-01-05

OfferingIR Event

Quantum Computing Inc. (QUBT) completed the final closings of a private placement offering between December 24–31, 2020, selling 985,501 shares of common stock at $2.50 per share to 38 accredited investors, generating gross proceeds of approximately $2.46 million in the final closings and $12.41 million in total from the full offering. Advisors HP Securities Inc. and Falcon Capital Partners Limited received combined cash fees of approximately $1.2 million, with Falcon also receiving 256,252 shares and 384,378 warrants exercisable at $3.00 per share for five years. As of December 31, 2020, the company had 26,023,418 shares of common stock issued and outstanding, with the newly issued shares exempt from Securities Act registration under Section 4(a)(2), Regulation D, and Regulation S.↗

2020-12-28

OfferingIR Event

Quantum Computing Inc. (QUBT) completed interim closings of a private placement offering between December 19–22, 2020, selling 1,280,179 shares of common stock at $2.50 per share to 68 accredited investors, raising gross proceeds of $3,200,448. On December 22, 2020, the company also converted $209,000 in convertible promissory notes into 2,090,000 shares of common stock. As of December 24, 2020, total shares outstanding stood at 24,689,022, with the newly issued shares exempt from Securities Act registration under Section 4(a)(2) and/or Regulation D and Regulation S.↗

2020-12-18

OfferingIR Event

Quantum Computing Inc. (QUBT) completed interim closings of a private placement offering between December 9 and December 18, 2020, selling 921,000 shares of common stock at $2.50 per share to 55 accredited investors, generating gross proceeds of $2,302,500. The shares were issued as unregistered securities under the Section 4(a)(2) exemption and/or Regulation D and Regulation S, with 721,000 shares going to 53 non-U.S. persons and 128,000 shares to two U.S. persons. Following the transaction, total shares of common stock outstanding stood at 21,103,844 as of December 18, 2020.↗

2020-12-08

OfferingIR Event

Quantum Computing Inc. (QUBT) conducted a private placement offering between October 27 and December 7, 2020, selling 1,851,100 shares of common stock at $2.50 per share to 123 accredited investors, raising gross proceeds of $4,252,750. The shares were issued as unregistered securities to non-U.S. persons under exemptions provided by Section 4(a)(2) of the Securities Act and Regulation D/S. The filing was signed by CFO Christopher Roberts on December 8, 2020.↗

2020-10-20

OfferingIR Event

Quantum Computing Inc. (QUBT) filed an 8-K on October 19, 2020, disclosing under Regulation FD that it was releasing investor presentation materials covering the company's business strategy, technology, and potential product offerings. The presentation was intended for current shareholders, potential investors, and customers on or after October 19, 2020. The filing was signed by CFO Christopher Roberts and the presentation materials were also made available on the company's website.↗

2020-09-17

OfferingIR Event

Quantum Computing Inc. (QUBT) entered into Stock Purchase Agreements on September 11, 2020, selling 3,740,000 shares of common stock at $1.00 per share to approximately 94 accredited investors, raising gross proceeds of $3,740,000. The shares were sold as unregistered securities under exemptions provided by Section 4(a)(2), Regulation D, and Regulation S, with investors receiving piggy-back registration rights. In connection with the offering, the company also issued an advisor 100,000 shares and warrants to purchase 325,000 additional shares at $3.40 per share, expiring September 11, 2025.↗

2020-08-26

OfferingIR Event

Quantum Computing Inc. (QUBT) completed the second and final closing of a private placement offering on August 24, 2020, selling 12,000 shares of common stock at $1.00 per unit to a single accredited investor for $12,000, along with warrants to purchase 6,000 additional shares exercisable at $2.00 per share through August 24, 2025. The company has now closed the offering to further investment, with total aggregate proceeds from the entire offering amounting to approximately $342,000. The securities were issued as unregistered shares exempt from SEC registration under Section 4(a)(2) and/or Regulation D of the Securities Act.↗

2020-08-03

Equity GrantIR Event

Quantum Computing Inc. (QUBT) completed an initial closing of a private placement on July 28, 2020, raising $330,000 from two accredited investors through the sale of 330,000 shares of common stock at $1.00 per share, along with warrants to purchase 165,000 additional shares exercisable at $2.00 per share through July 28, 2023. Separately, on July 24, 2020, the company granted restricted stock awards under its 2019 Equity and Incentive Plan to CEO Robert Liscouski and CFO/Director Christopher Roberts, each receiving 400,000 shares at $2.45 per share, fully vested at grant but subject to clawback provisions through May 31, 2022 and a three-year lock-up period.↗

2020-07-06

8-K

Quantum Computing Inc. (QUBT) filed an 8-K on July 2, 2020, reporting that on July 1, 2020, the company announced its entry into the commercialization phase of its quantum computing software execution platform. The disclosure was made via a letter to shareholders and a press release, both filed as exhibits. The filing was signed by CFO Christopher Roberts.↗

2020-06-02

8-K

On May 28, 2020, Quantum Computing Inc. (QUBT) and Auctus Fund, LLC entered into a Second Amendment to a Common Stock Purchase Warrant, reducing the exercise price of the First Warrant from $1.50 to $1.00 per share and the Second Warrant from $3.75 to $2.50 per share, without changing the number of shares issuable. As of the filing date, Auctus may exercise the amended First Warrant to purchase up to an additional 333,000 shares at $1.00, while the Second and Third Warrants remain unexercised. The filing was signed by CFO Christopher Roberts on June 2, 2020.↗

2020-05-08

8-K

Quantum Computing Inc. (QUBT) entered into an unsecured promissory note with BB&T/Truist Bank N.A. on May 6, 2020, receiving a $218,371 loan under the SBA's Paycheck Protection Program established by the CARES Act. The loan carries a 1.00% annual interest rate, matures two years from first disbursement, and the company intends to use proceeds for qualified expenses including payroll, rent, and utilities. QUBT plans to apply for full forgiveness of the loan, though forgiveness is not guaranteed.↗

2020-05-08

8-K

Quantum Computing Inc. (QUBT) entered into two agreements with Oasis Capital, LLC on May 6, 2020: a Securities Purchase Agreement under which Oasis purchased a $563,055 convertible promissory note (for $500,000) plus warrants to buy up to 187,685 shares at $1.50 per share, with the note bearing 8% annual interest and maturing nine months from issuance, and an Equity Purchase Agreement allowing the company to sell up to $10,000,000 of common stock to Oasis over time subject to registration and other conditions. The note is convertible at $1.50 per share for the first six months, then at the lower of $1.50 or 70% of the 25-day volume-weighted average price thereafter. In connection with both agreements, QUBT issued Oasis a total of 170,871 shares (37,537 inducement shares and 133,334 commitment shares).↗

2020-03-26

Agreement

Quantum Computing Inc. (QUBT) entered into a Technology Alliance Partnership Agreement with Splunk, Inc. (NASDAQ: SPLK) on March 23, 2020, to conduct joint research and develop quantum-ready analytics algorithms targeting cybersecurity, dynamic logistics, and scheduling challenges. The collaboration will leverage QUBT's Mukai software platform alongside Splunk's data analytics tools, with algorithms initially running on classical hardware and designed to transition to quantum hardware when available. The filing, signed by CFO Christopher Roberts, was reported on March 26, 2020.↗

2020-02-25

8-K

On February 14, 2020, Quantum Computing Inc. (QUBT) and Auctus Fund, LLC amended an existing Common Stock Purchase Warrant originally dated October 19, 2019, reducing the warrant exercise price from $2.75 per share to $1.50 per share. The amendment did not change the number of shares covered by the warrant, which remains exercisable for up to 500,000 shares of common stock, and did not trigger any anti-dilution adjustments. The filing was signed by CFO Christopher Roberts on February 25, 2020.↗

Source: SEC EDGAR · Material events, earnings releases, contract announcements · Updated weekly

S-3 shelf registrations, 424B prospectuses, and document-verified foreign-issuer supplements represent potential dilution events. Quantum Computing Inc has 16 such filings on record.

All Shelf Filings ↗

2025-07-14424B3QUBT registers 14M PIPE shares for resale after $200M private placement at $14.25/share↗

PIPESecondaryLarge ($50M+)Dilutive

2025-02-04424B3QUBT resale prospectus: 8.49M PIPE shares hit market at $12.25; company gets no proceeds.↗

PIPESecondaryWarrant RegistrationDilutiveLarge ($50M+)

2025-01-07424B3QUBT registers 8.96M shares for resale by PIPE investors from Dec 2024 $50M offering at $5.00/share.↗

PIPESecondaryWarrant RegistrationLarge ($50M+)Going ConcernDilutive

2024-12-12424B5QUBT raises ~$49.5M total via 1.54M registered shares + 8.46M private placement shares at $5.00 each↗

PIPEShelfLarge ($50M+)Dilutive

2024-11-18424B5QUBT raises $40M PIPE at $2.50/share — 43% discount to market; 16M new shares issued via Titan Partners↗

PIPEDilutiveLarge ($50M+)ShelfWarrant Registration

2023-08-18424B5QUBT raises ATM cap to $50M; offers remaining $27.4M in shares at ~$1.09 via Ascendiant Capital↗

ATMAmendmentMid ($10-50M)DilutiveShelf

2023-01-06S-3/AQUBT files S-3/A Amendment No. 1 — exhibits-only update, prospectus unchanged↗

ShelfAmendment

2022-12-29S-3QUBT registers 32.9M shares for resale by selling stockholders — no cash proceeds to company.↗

ShelfSecondaryWarrant RegistrationMid ($10-50M)Dilutive

2022-12-06424B5QUBT launches $25M ATM offering via Ascendiant Capital at ~$2.22/share, diluting existing holders ~25%.↗

ATMShelfMid ($10-50M)Dilutive

2022-11-04S-3/AQUBT files S-3/A Amendment No. 1 — exhibits-only update to existing shelf registration, prospectus unchanged.↗

ShelfAmendment

2022-10-28S-3QUBT files $100M shelf registration to issue common stock, preferred stock, debt, and warrants over time.↗

ShelfLarge ($50M+)DilutiveGoing Concern

2022-07-01424B3QUBT resale registration of 4.9M shares from Nov 2021 PIPE investors — company receives no proceeds.↗

SecondaryWarrant RegistrationPIPEDilutiveSmall (<$10M)

2022-06-01S-3/AQUBT S-3/A: Resale shelf for ~4.9M shares from Nov 2021 PIPE & Sept 2020 financing — no new cash to company.↗

ShelfAmendmentSecondaryPIPESmall (<$10M)Dilutive

2022-04-27S-3QUBT registers 4.9M resale shares from PIPE investors — no cash proceeds to company↗

ShelfSecondaryPIPEWarrant RegistrationSmall (<$10M)Dilutive

2020-02-25424B3QUBT supplements resale prospectus: warrant exercise price cut from $2.75 to $1.50 for Auctus Fund on 500K shares.↗

Warrant RegistrationSecondaryAmendmentSmall (<$10M)Dilutive

2019-12-18424B3QUBT resale offering: 1.625M shares from convertible note & warrants held by Auctus Fund, LLC.↗

SecondaryWarrant RegistrationSmall (<$10M)Going ConcernDilutive

Source: SEC EDGAR · S-3 = shelf registration, 424B3/B5 = active offering (dilutive)

Ownership & Insiders

SC 13G/D filers · >5% ownership

All 13G/D ↗

Institution	Form	% Owned	Filed
BlackRock,	SC 13G/A	6.70%	2026-01-21
VANGUARD HORIZON FUNDS	SC 13G	6.39%	2025-07-29

Source: SEC EDGAR SC 13G/D · Updated monthly

Open-market buys and sells by directors and officers

All Form 4s ↗

90-Day Activity

3 buys0 saleslast 90 days

Filed	Insider	Type	Shares	Price
2026-06-01	Begliarbekov Milan	▲ BUY	24,774	—
2026-06-01	Dianat Pouya	▲ BUY	24,774	—
2026-06-01	Huang YupingDIR	▲ BUY	58,558	—
2026-04-14	FAGENSON ROBERT BDIR	▲ BUY	22,123	$6.78
2026-04-14	Schwartz Eric MarkDIR	▲ BUY	22,123	$6.78
2026-04-14	Shabani JavadDIR	▲ BUY	22,123	$6.78
2026-04-14	TURMELLE MICHAEL CDIR	▲ BUY	22,123	$6.78
2026-04-14	Weimer Carl ScottDIR	▲ BUY	22,123	$6.78
2026-03-11	Roberts Christopher Bruce	▼ SELL	9,360	$7.85
2026-03-11	Roberts Christopher Bruce	▼ SELL	68,902	$7.85
2026-03-11	Roberts Christopher Bruce	▲ BUY	400,000	$6.85
2026-01-12	Begliarbekov Milan	▼ SELL	2,860	$11.85
2026-01-12	Begliarbekov Milan	▲ BUY	13,550	$10.26
2025-09-17	FAGENSON ROBERT BDIR	▼ SELL	5,000	$16.88
2025-09-17	FAGENSON ROBERT BDIR	▼ SELL	15,000	$15.62
2025-09-17	FAGENSON ROBERT BDIR	▼ SELL	30,000	$15.63
2025-09-17	FAGENSON ROBERT BDIR	▼ SELL	35,000	$15.52
2025-09-17	FAGENSON ROBERT BDIR	▼ SELL	15,000	$15.02
2025-09-17	Huang YupingDIR	▼ SELL	400,000	—
2025-09-08	Shabani JavadDIR	▼ SELL	17,474	$15.26
2025-09-08	Shabani JavadDIR	▼ SELL	20,000	$15.30
2025-09-08	Shabani JavadDIR	▲ BUY	37,474	—
2025-09-05	Huang YupingDIR	▼ SELL	1,000,000	$14.41
2025-09-04	Dianat Pouya	▼ SELL	17,175	$15.53
2025-09-04	Dianat Pouya	▲ BUY	17,175	—
2025-07-02	Huang YupingDIR	▲ BUY	1,050,812	$0.0001
2025-06-16	Boehmler Christopher	▲ BUY	22,314	$7.96
2025-06-16	Boehmler Christopher	▲ BUY	58,510	$0.4600
2025-06-16	Boehmler Christopher	▲ BUY	185,719	$1.18
2025-06-16	Boehmler Christopher	▲ BUY	7,495	$2.37

Source: SEC EDGAR Form 4 · Open-market buys and sells · Updated daily

Bull vs Bear: Analyst Opinions on Quantum Computing Inc (QUBT)

Generated from live analyst targets, SEC filings and market data as of August 2026 — not investment advice.

▲ THE BULL CASE

• Wall Street's mean price target of $18.33 implies 110% upside — consensus rating Buy across 6 analysts.

• 4 of 6 analyst ratings are Buy or Strong Buy.

• Revenue grew 83% year-over-year to $682.00K (latest fiscal year).

• $986.11M in cash gives roughly 335 months of runway at the current burn rate.

• $95.66K in U.S. federal contracts and grants across 2 awards validates the technology with government customers.

▼ THE BEAR CASE

• 16 at-the-market / shelf offering filings (S-3 / 424B / SUPPL) on record, though the most recent was filed over a year ago.

• Not yet profitable: net loss of $18.67M in the latest fiscal year.

• The stock is down 44% over the past year.

How long is Quantum Computing Inc's (QUBT) cash runway?

Quantum Computing Inc has roughly 335 months of cash runway as of August 2026 — $986.11M in cash divided by its trailing-twelve-month operating burn.

How much government funding has Quantum Computing Inc received?

Quantum Computing Inc has received $95.66K in U.S. federal contracts and grants across 2 tracked awards (USAspending.gov).

Is QUBT stock at risk of shareholder dilution?

Dilution risk is elevated: 16 shelf/ATM offering filings on record.

What percentage of QUBT's trading volume is short?

58% of QUBT's daily trading volume was short selling as of 2026-07-29 (FINRA daily short volume).

Compare QUBT with other quantum computing stocks

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Quantum Computing Inc

About Quantum Computing Inc

Quantum Technology

Cash Position & Runway

Quarterly Operating Cash Flow

Financial Metrics (Annual)

Earnings Per Share (TTM)

Returns vs S&P 500

Government Contracts & Grants

Shares Outstanding History

Daily Short Volume (FINRA)

Recent Research Papers (arXiv)

StockTwits Sentiment

Recent News

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Press Releases

News Mention Volume (30 days)

Bull vs Bear: Analyst Opinions on Quantum Computing Inc (QUBT)

How long is Quantum Computing Inc's (QUBT) cash runway?

How much government funding has Quantum Computing Inc received?

Is QUBT stock at risk of shareholder dilution?

What percentage of QUBT's trading volume is short?

Compare QUBT with other quantum computing stocks