Quantum Computing Inc. PP&E Disclosure
The Company’s property and equipment, net are primarily located at the Company’s leased facilities in Hoboken, NJ and Tempe, AZ and consist of (in thousands):
| December 31, | ||||||||
| Classification | 2025 | 2024 | ||||||
| Computer and laboratory equipment | $ | 13,070 | $ | 8,438 | ||||
| Network equipment | 35 | 29 | ||||||
| Furniture and fixtures | 99 | 37 | ||||||
| Software | 374 | 77 | ||||||
| Leasehold improvements | 2,303 | 597 | ||||||
| Total cost of property and equipment | 15,881 | 9,178 | ||||||
| Accumulated depreciation | (2,910 | ) | (966 | ) | ||||
| Property and equipment, net | $ | 12,971 | $ | 8,212 | ||||
| Estimated Useful Life (Years) | ||
| Computer and laboratory equipment | 5 | |
| Network equipment | 4 | |
| Furniture and fixtures | 7 | |
| Software | 3 | |
| Leasehold improvements |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 2, 2026 | Showing above |
| 2024 | Mar 20, 2025 | |
| 2023 | Apr 1, 2024 | |
| 2022 | Mar 30, 2023 | |
| 2021 | Mar 15, 2022 | |
| 2020 | Mar 18, 2021 | |
| 2019 | Mar 27, 2020 | |
| 2018 | Mar 28, 2019 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.