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QUBT

$9.01 +1.01%

Quantum Computing Inc.

Sector: Technology Industry: Computer Hardware Country: U.S Exchange: NASDAQ
Mkt Cap & EV
2.04B / 742.2M
Float & OS
186.74M / 226.35M
Est. Net Cash/Sh
5.72
Inst Own
40.9%

Quantum Computing Inc. (QCI) (Nasdaq: QUBT) is focused on accelerating the value of quantum computing for real-world business solutions. The company's flagship product, Qatalyst, is the first software to bridge the power of classical and quantum computing, minimizing complexity and empowering SMEs to solve complex computational problems today. QCI's expert team in finance, computing, security, mathematics and physics has over a century of experience with complex technologies; from leading edge supercomputing innovations, to massively parallel programming, to the security that protects nations.

Overall Risk
Low
Offering Ability
Low
Overhead Supply
Low
Historical
High
Cash Need
Low

Major developments

Derived from filed events
8 Oct 2025 Unregistered sale EDGAR ↗
24 Sep 2025 Unregistered sale EDGAR ↗
25 Jun 2025 Unregistered sale EDGAR ↗
8 Jan 2025 Unregistered sale EDGAR ↗
12 Dec 2024 Shelf takedown · $7.7M raised · at $5.00 · 1.54M shares EDGAR ↗
12 Dec 2024 Unregistered sale · 95.14M shares EDGAR ↗
18 Nov 2024 Shelf takedown · $40.0M raised · at $2.50 · 16.00M shares EDGAR ↗
12 Aug 2024 Unregistered sale EDGAR ↗

Historical O/S & potential dilution

1y: +64.3% 5y: +686.7%
03/31/2016 peak 226.35M Current O/S

Cash position

The company has 339.2 months of cash left based on quarterly cash burn of -$11.65M and estimated current cash of $1317.4M.

Dilution structure

ATM 1
December 2022 Ascendiant ATM Shelf Expired EDGAR ↗
ATM Limited by Baby Shelf No
Agreement Start Date 2022-12-06
Last Update Date 2025-11-14
Placement Agent Ascendiant
Remaining ATM Capacity 5,000,000
Remaining Capacity w/o Baby Shelf Restriction 5,000,000
Total ATM Capacity 50,000,000
Convertible Note 1
August 2024 Steeterville Notes Not Registered EDGAR ↗
Conversion Price 0.5
Convertible Date 2024-08-06
Issue Date 2024-08-06
Known Owners Streeterville
Last Update Date 2025-08-15
Maturity Date 2026-04-06
Price Protection Variable Rate
Remaining Principal Amount 8,250,000
Remaining Shares to be Issued When Converted 16,500,000
Total Principal Amount 8,250,000
Total Shares Issued When Converted 16,500,000
Underwriter/Placement Agent N/A
Convertible Preferred 1
November 2021 Series A Convertible Preferred Stock (redeemed) Registered EDGAR ↗
Conversion Price 5.5
Convertible Date 2021-11-10
Issue Date 2021-11-10
Known Owners FirstFire, Greenfield Children, Various Individuals
Last Update Date 2025-08-15
Maturity Date N/A
Price Protection Undisclosed/Unverified
Remaining Dollar Amount 4,552,570
Remaining Shares to be Issued When Converted 827,740
Total Dollar Amount Issued 8,500,000
Total Shares Issued When Converted 1,545,455
Underwriter/Placement Agent N/A
Shelf 1
October 2022 Shelf Registered EDGAR ↗
Baby Shelf Restriction No
Current Raisable Amount 3,003,635
Effect Date 2022-11-08
Expiration Date 2025-11-08
Float 198,855,602
Highest 60 Day Close 11.1
IB6 Float Value 2,207,297,182
Last Banker Ascendiant
Last Update Date 2026-08-14
Outstanding Shares 226,346,861
Total Amount Raised 96,996,365
Total Amt. Raised Last 12 Mo. under IB6 N/A
Total Shelf Capacity 100,000,000
Warrant 2
Merger Warrants Registered EDGAR ↗
Exercisable Date 2022-06-16
Exercise Price 0
Expiration Date 2027-05-09
Issue Date 2022-06-16
Known Owners Yuping Huang
Last Update Date 2025-08-15
Price Protection Undisclosed/Unverified
Remaining Warrants Outstanding 2,177,000
Total Warrants Issued 6,325,503
Underwriter/Placement agent N/A
November 2021 Warrants Registered EDGAR ↗
Exercisable Date 2022-05-10
Exercise Price 7
Expiration Date 2023-11-10
Issue Date 2021-11-10
Known Owners FirstFire, Greenfield Children, Various Individuals
Last Update Date 2024-04-01
Price Protection Undisclosed/Unverified
Remaining Warrants Outstanding 1,545,459
Total Warrants Issued 1,545,459
Underwriter/Placement agent N/A

Completed offerings

Date Type Method Bank Amount Price Shares
2025-10-5 0:00 Private Placement N/A Titan Partners 750.00M $20.17 37.18M
2025-9-21 22:55 Private Placement N/A Titan Partners 500.00M $18.62 26.87M
2025-6-23 8:30 Private Placement N/A Titan Partners 200.00M $14.25 14.04M
2025-1-7 23:52 Private Placement N/A Titan Partners 100.00M $12.25 8.16M
2024-12-31 0:00 Used ATM/Equity Line S-3 Ascendiant 9.19M $1.3 7.07M
2024-12-11 12:00 RDO S-3 Titan Partners 7.70M $5 1.54M
2024-12-11 12:00 Private Placement N/A N/A 42.30M $5 8.46M
2024-11-14 23:00 RDO S-3 Titan Partners 40.00M $2.5 16.00M
2024-8-6 0:00 Private Placement, Convertible Note N/A N/A 8.25M $0.5 16.50M
2024-6-30 0:00 Used ATM/Equity Line S-3 Ascendiant 2.10M $0.7 3.00M
2024-3-31 0:00 Used ATM/Equity Line S-3 Ascendiant 12.51M $0.92 13.60M
2023-12-31 0:00 Used ATM/Equity Line S-3 Ascendiant 2.98M N/A N/A
2023-8-10 0:00 Used ATM/Equity Line S-3 Ascendiant 7.81M $1.4 5.58M
2023-6-30 0:00 Used ATM/Equity Line S-3 Ascendiant 8.14M N/A N/A
2023-3-30 0:00 Used ATM/Equity Line S-3 Ascendiant 6.56M $2.17 3.02M
2022-9-23 0:00 Notes N/A Ascendiant 8.25M N/A N/A
2021-11-10 0:00 Private Placement, Convertible Preferred N/A N/A 8.50M $5.5 1.55M

Split history

1:200 Reverse split
28 Mar 2019
EDGAR ↗

Registered classes

QUBT Active

Common stock (par value $0.0001 per share)

(unlisted) Active

warrants per XBRL equity note

Exercise price $14.09

Anything unsourced reads N/A. Not a recommendation — see the disclaimer, and how dilution works.

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Share-count histories, the offerings behind each step and the split record — as each company clears verification against its filings.

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