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Quantum Computing Inc (QUBT) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Quantum Computing Inc $4.20, price $9.12, upside -54.0%, quality 28 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · US · ISIN US74766W1080

QC Quantum Computing Inc logo Thin data Sep 23, 2026

Quantum Computing Inc

QUBT · US

Weakest SetupStrongly overvalued and low quality.

!Fair value $4.20 · Strongly overvalued (−54%)
!Quality 28/100
!Mixed Growth (revenue 3y +71.3 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (3/7)
!Narrow moat 8/100
!Insider activity 46/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$25.68 $0.4210 Fair Value $4.20 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $0.4210 – $25.68 · fair‑value band $2.77 – $5.25 · the $9.12 price screens above the $4.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Quantum Computing Inc., an integrated photonics company, provides quantum machines to commercial and government markets in the United States. The company develops thin-film lithium niobate chips for optical devices, such as electro-optical modulators, periodically poled devices for frequency conversion, and micro-ring resonator cavities markets.

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Quantum Computing Inc., an integrated photonics company, provides quantum machines to commercial and government markets in the United States. The company develops thin-film lithium niobate chips for optical devices, such as electro-optical modulators, periodically poled devices for frequency conversion, and micro-ring resonator cavities markets. It is also developing the entropy quantum computer (EQC), a quantum application of Core Photonics Technology, designed to solve complex optimization problems. In addition, the company offers Emucore, a reservoir computing machine that can be reprogrammed after manufacturing and optimized for recurrent neural network applications; Neurawave, a photonics based reservoir computer; LiDAR, which allows machines to see through dense fog and provide image fidelity at great distances in environments, such as snow, ice, and water; the quantum photonic vibrometer, an instrument for remote vibration detection, sensing, and inspection; and quantum networks and quantum authentication products. The company was formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was founded in 2001 and is based in Hoboken, New Jersey.

Stock analysis

Quantum Computing Inc (QUBT) currently trades at $9.12, while our model-based Fair Value estimate is $4.20, implying the stock looks roughly 117.2% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: $2.77 (bear) to $5.25 (bull), the price of $9.12 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 28/100 (below-average quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Quantum Computing Inc reported revenue of $682K in FY2025 versus $31.2K in FY2021, a compound +116.2%/yr. Reported net income was −$18.7M in FY2025.

Key figures

Market cap $1.8B · EPS (TTM) $−0.2600 · Return on equity −4.4% · Return on assets (EBIT) −40.2% · Operating margin −557% · Revenue growth (YoY) +93.6% · Free cash flow −$37.0M · Net cash $736M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 63% below its 52-week high and 45% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at −54%, QUBT screens richer than that median.

Fair Value models

Bear $2.77 Fair Value $4.20 Bull $5.25
Model Each model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence Evidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham) $3.54 $4.75 $7.09 54
All 1 models by family
Asset-Based
NCAV (Graham) $3.54 $4.75 $7.09 54

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Quality Score breakdown

Overall quality 28/100

Of which business quality 36 · Market factors (momentum, volatility) 18

Profitability 6
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality Growth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 27/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+82.8%
Revenue growth 3 years Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+71.3%
Revenue growth 17 years Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.5%
Profit margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−54,833.8% (2021) → −7,489.3% (2025)
What shareholders gained per year We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

QUBT screens 117% overvalued. Compare with Dell Technologies Inc →

Earlier news

News mood News mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.

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Peer GroupHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Computer Hardware · 220 stocks

Beats the industry median on 3/6 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −54% · Below median
Profitability
Return on assets −4% · Bottom 25%
Growth and dividend
Revenue growth 94% · Top 25%
Balance sheet
Debt / equity 0.01× · Below median

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/B 1.13× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 59
PAST (return on equity)0 · sector 26
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 40

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $548.92 $195.72 −64%
Arista Networks, Inc ANET $205.19 $161.72 −21%
Western Digital Corporation WDC $464.60 $53.53 −88%
Wiwynn Corporation 6669 2,115 TWD 1,065 TWD −50%
Hangzhou Hikvision Digital Technology Co 002415 ¥33.18 ¥46.76 +41%
Quanta Computer Inc 2382 338.50 TWD 228.14 TWD −33%
Lenovo Group 0992 HK$36.92 HK$33.70 −9%
Dawning Information Industry Co 603019 ¥84.67 ¥35.54 −58%
Everpure, Inc P $110.89 $51.46 −54%
HP Inc HPQ $32.04 $51.90 +62%

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Cite: Fair Value Calculator (2026). "Quantum Computing Inc Fair Value". https://www.fairvalue-calculator.com/stock/QUBT

Frequently asked questions

Is Quantum Computing Inc (QUBT) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $4.20 versus a price of $9.12, about −54% upside (overvalued).
What is the fair value of QUBT?
Our model-based fair value for Quantum Computing Inc is $4.20 (as of Sep 23, 2026), built from audited fundamentals. The current price: $9.12.
What is the quality score of QUBT?
Quantum Computing Inc has a Quality Score of 28/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Quantum Computing Inc (QUBT)?
Our model-based price target is the fair value of $4.20 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario $2.77, optimistic scenario $5.25. It is a calculation from audited fundamentals, not an analyst target.
What is the Quantum Computing Inc stock forecast for 2026?
Our models put fair value at $4.20, about −54% upside versus a price of $9.12 (overvalued). Cautious scenario $2.77, optimistic scenario $5.25. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Quantum Computing Inc (QUBT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Quantum Computing Inc it is $4.20 per share (as of Sep 23, 2026), against a price of $9.12. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Quantum Computing Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, QUBT trades above its calculated fair value: price $9.12, fair value $4.20, a gap of about −54% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of QUBT?
No. The price is what the market pays today ($9.12); the fair value is what the company's own numbers justify ($4.20). For Quantum Computing Inc the two are $4.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Quantum Computing Inc worth?
The market values Quantum Computing Inc at about $1.8B (market capitalisation, as of Sep 23, 2026). Per share that is $9.12; our models calculate a fair value of $4.20 per share.
What do the bullish and bearish scenarios say about QUBT?
Our models span a range for Quantum Computing Inc: cautious scenario $2.77, base $4.20, optimistic $5.25 per share (as of Sep 23, 2026, price $9.12). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Quantum Computing Inc (QUBT)?
Balance-sheet figures for Quantum Computing Inc (as of Sep 23, 2026): return on equity −4.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is QUBT from its 52-week high?
Quantum Computing Inc trades at $9.12, about 63% below its 52-week high of $24.62 and 45% above the low of $6.31 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $4.20 is for.
Which stocks are comparable to Quantum Computing Inc?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Quantum Computing Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $9.12, calculated fair value $4.20 (−54%), Quality Score 28/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of QUBT calculated?
We run Quantum Computing Inc through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $4.20, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Quantum Computing Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Quantum Computing Inc (QUBT)?
The closing price on Sep 23, 2026 was $9.12. Our model-based fair value is $4.20, about −54% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Quantum Computing Inc right now?
The price sits above even our optimistic bull case ($5.25). The favourable scenario is already priced in. Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($2.77 to $5.25) leaves room in how you read the outcome.

Key figures of Quantum Computing Inc

How large is the market capitalisation of Quantum Computing Inc (QUBT)?
The market capitalisation of Quantum Computing Inc is $1.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Quantum Computing Inc (QUBT)?
Earnings per share at Quantum Computing Inc are $−0.2600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Quantum Computing Inc (QUBT)?
The return on equity (ROE) of Quantum Computing Inc is −4.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Quantum Computing Inc (QUBT)?
On an EBIT basis the return on assets of Quantum Computing Inc is −40.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Quantum Computing Inc (QUBT)?
The operating margin of Quantum Computing Inc is −557% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Quantum Computing Inc (QUBT)?
Revenue at Quantum Computing Inc is growing +93.6% versus a year earlier (3y avg +71.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Quantum Computing Inc (QUBT) generate?
The free cash flow of Quantum Computing Inc is −$37.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Quantum Computing Inc (QUBT) hold?
Quantum Computing Inc holds more cash than debt, $736M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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