CHONGQING, CHINA – MAY 11: In this photo illustration, the logo of Quantum Computing Inc. (QCi) is displayed on a smartphone screen, with the company’s latest stock market chart in the background, reflecting investor sentiment and recent trading activity, on May 11, 2025, in Chongqing, China. Quantum Computing Inc. is an American technology company specializing in quantum software and hardware solutions for optimization, machine learning, and cybersecurity. (Photo illustration by Cheng Xin/Getty Images)
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Quantum Computing Inc. stock (NASDAQ: QUBT) has surged 271% over the last year, but its fundamentals signal extreme risk.
Despite QUBT’s remarkable market return as of November 17, 2025—significantly outperforming competitors—an in-depth examination of its financial performance reveals a concerning picture.
The current rally in quantum stocks like QUBT is fueled by technological developments and intense investor interest in a futuristic technology that is still years away from widespread commercial application.
This enthusiasm sharply contrasts with the company’s operational reality: minimal revenue, substantial negative profitability (mammoth negative margins), and very high valuation multiples. Compared to established tech giants like Apple and Dell, which boast strong margins and growth, QUBT’s operational metrics indicate a lack of fundamental backing and pose a high risk for investors.
- Operating Margin: QUBT’s -12474.9%, the lowest compared to AAPL’s 31.9%, suggests extreme unprofitability, which points to high R&D expenses in quantum technology.
- Revenue Growth: QUBT’s -21.5% revenue reduction, trailing behind AAPL/DELL, indicates poor market traction in the emerging quantum computing field.
- Market Performance: QUBT’s 271.0% increase, surpassing its peers, despite a -21.3 PE ratio, emphasizes investor speculation regarding future potential in the quantum market.
This is how Quantum Computing measures up in terms of size, valuation, and profitability against key competitors.
QUBT Stock vs. Peers
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For additional information on Quantum Computing, read Buy or Sell QUBT Stock. Below we evaluate QUBT’s growth, margin, and valuation against peers over the years.
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Revenue Growth Comparison
Revenue Growth Comparison
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Operating Margin Comparison
Operating Margin Comparison
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PE Ratio Comparison
PE Ratio Comparison
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