Quantum Computing Inc (QUBT) Soars 24% on $500M Funding & New “Quantum Secure” Tech – Will It Hit $40?
Quantum Computing Inc has a multi-billion-dollar market cap, driven by the funding and product buzz. On Oct 2 it closed $19.98 stoculator.com. Year-to-date through early October 2025 it is up ~54% finviz.com. However, QCi’s fundamentals remain speculative. Q2 2025 results showed only $61K in revenue and a net loss of $36.5M, largely due to mark-to-market warrant costs finviz.com. Operating expenses were $10.2M, more than double last year’s quarter finviz.com. Cash was $348.8M at June 30, 2025 after a $188M fundraising finviz.com. With the new $500M, QCi’s cash runway is very strong, bolstering its balance sheet even as revenue remains minimal quantumcomputinginc.com finviz.com. The recent shelf registration allows holders of the placement shares to sell ~26.87M shares streetinsider.com. This filing briefly spooked some traders, but QCi notes the lock-up until mid-November and emphasizes growth plans sec.gov streetinsider.com. Overall valuation metrics remain extreme: P/S is effectively infinite given negligible sales, and the firm carries large cumulative losses.