Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $136K | $358K | $373K | $682K |
| Revenue growth | — | — | — | — | — | — | 163.9% | 4.2% | 82.8% |
| Gross profit | — | — | — | — | — | $74.7K | $162K | $112K | $67.0K |
| Gross margin | — | — | — | — | — | 55.1% | 45.3% | 30.0% | 9.8% |
| Operating income | -$175K | -$5.80M | -$2.55M | -$17.3M | -$17.1M | -$36.6M | -$26.2M | -$25.9M | -$51.1M |
| Operating margin | — | — | — | — | — | -26966.4% | -7330.4% | -6953.6% | -7489.3% |
| Net income | -$175K | -$10.5M | -$8.38M | -$24.7M | -$27.9M | -$38.6M | -$27.0M | -$68.5M | -$18.7M |
| Net margin | — | — | — | — | — | -28451.4% | -7548.0% | -18375.9% | -2738.1% |
| EPS (diluted) | -$0.50 | -$2.22 | -$1.14 | -$0.88 | -$0.96 | -$0.52 | -$0.42 | -$0.73 | -$0.11 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$2.36M | -$2.24M | -$11.5M | -$6.82M | -$17.2M | -$18.3M | -$16.2M | -$30.3M |
| Capital expenditures | — | $7.01K | $21.3K | $12.0K | $19.4K | $870K | $2.11M | $6.04M | $6.69M |
| Free cash flow | — | -$2.37M | -$2.27M | -$11.6M | -$6.84M | -$18.1M | -$20.4M | -$22.2M | -$37.0M |
| Dividends paid | — | — | — | — | — | — | $865K | $215K | — |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | $1.77M | $101K | $15.2M | $16.7M | $5.31M | $2.06M | $78.9M | $738M |
| Total assets | — | $1.80M | $148K | $15.3M | $17.3M | $89.3M | $74.4M | $154M | $1.62B |
| Total liabilities | $1.50K | $3.31M | $2.96M | $693K | $1.08M | $14.4M | $5.65M | $46.3M | $20.7M |
| Long-term debt | — | — | — | — | — | $7.86M | — | — | — |
| Shareholders' equity | -$1.50K | -$1.52M | -$2.81M | $14.6M | $16.2M | $65.1M | $68.7M | $107M | $1.60B |
| Retained earnings | -$9.87M | -$20.4M | -$28.8M | -$53.5M | -$81.4M | -$120M | -$132M | -$200M | -$219M |
| Shares (wtd avg diluted) | 944K | 4.72M | 7.36M | 28.0M | 29.2M | 74.3M | 66.6B | 93.9B | 164K |
Every figure is extracted from Quantum Computing Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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