Want to see QNT full AI Analyst Report?
Top Page
Quantinuum
(NASDAQ:QNT)
Select Model
Select Model
Rating:57Neutral
Price Target:
$68.00
▲(25.93% Upside)
Action:Reiterated
Date:08/18/26
Overall score reflects a strong balance sheet and improving gross margins/revenue trajectory, but is held back by substantial operating losses and worsening cash burn. Technicals are moderately supportive with price above key moving averages and positive MACD, while valuation is pressured by a negative P/E. The latest earnings call adds support via upgraded guidance, bookings/backlog strength, and technology/partnership progress, tempered by ongoing losses and expected volatility.
Positive Factors
Revenue Growth and Gross Margin Improvement
Rising revenue alongside materially higher gross margin indicates improving commercialization and unit economics. If sustained through greater software and system adoption, this can provide a stronger foundation for scaling the business over the next several years.
Negative Factors
Persistent Negative Cash Generation
Escalating operating and free-cash-flow deficits show that the business is not yet self-funding. Continued investment in hardware and research may require substantial capital before profitability, creating execution and potential dilution risk despite the current cash cushion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Gross Margin Improvement
Rising revenue alongside materially higher gross margin indicates improving commercialization and unit economics. If sustained through greater software and system adoption, this can provide a stronger foundation for scaling the business over the next several years.
Read all positive factors
Quantinuum (QNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.03B
Dividend YieldN/A
Average Volume (3M)2.61M
Price to Earnings (P/E)―
Beta (1Y)3.63
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees700
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)N/A
Shares Outstanding36,893,856
10 Day Avg. Volume1,423,390
30 Day Avg. Volume2,611,082
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)1.19
Price to Sales (P/S)64.83
P/FCF Ratio-8.52
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$97.17Price Target Upside79.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Quantinuum Business Overview & Revenue Model
Company Description
Quantinuum Inc. manufactures and develops quantum computing hardware and software in United States and Internationally. The company develops a quantum computing platform that offers solutions, such as hardware platforms, developer tools, applicati...
How the Company Makes Money
Quantinuum makes money primarily by commercializing quantum computing hardware access and quantum software/solutions for organizations that want to experiment with, develop, or deploy early quantum applications. Key revenue streams include: (1) Qu...
Quantinuum Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 13.23M | 30.93M | 22.98M |
| Gross Profit | 1.10M | 19.23M | 12.17M |
| EBITDA | -669.48M | -538.16M | -111.64M |
| Net Income | -192.24M | -71.53M | -144.07M |
Balance Sheet | |||
| Total Assets | 3.23B | 1.85B | 1.07B |
| Cash, Cash Equivalents and Short-Term Investments | 2.11B | 768.41M | 172.34M |
| Total Debt | 29.86M | 10.46M | 7.63M |
| Total Liabilities | 224.62M | 158.03M | 71.72M |
| Stockholders Equity | 413.08M | 1.69B | 998.63M |
Cash Flow | |||
| Free Cash Flow | -168.26M | -235.35M | -134.89M |
| Operating Cash Flow | -129.09M | -160.27M | -120.91M |
| Investing Cash Flow | -39.18M | -75.08M | -13.98M |
| Financing Cash Flow | 1.51B | 824.83M | 140.55M |
Quantinuum Peers Comparison
UnderperformOutperform
Sector (55)
QNT
Quantinuum
54.00
-6.38
-10.57%
ODYS
Odysightai
3.80
-0.13
-3.31%
MLGO
MicroAlgo
4.14
-4.55
-52.36%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.