Quantum Computing Inc. — Earnings Quality Grade F
QUBT · Technology
Major red flags
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 251 days (26 → 278)
AR growth 1822.2% exceeds revenue growth 82.8%
Revenue grew 82.8% but CFFO declined -86.9%
Expense Quality
Inventory growth 1855.6% exceeds COGS 135.6%
CapEx growth 10.8% vs revenue 82.8%. Normal
SG&A/Gross Profit = 45777.6%, exceeds 70%
Gross margin swung -20.2pp (30.0% → 9.8%)
Cash Flow Quality
CFFO/NI = 1.62. Profits backed by cash
FCF is negative ($-0.0B)
Accruals ratio = 0.7%. Low accruals
Cash $1.1B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 4% of equity. Manageable
Interest coverage = -785.8x (<2x). Financial stress
Other assets 1.6% vs revenue 82.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
M-Score = 8.26 (> -1.78). LIKELY MANIPULATOR
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25