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Side-by-side financial comparison of AEye, Inc. (LIDR) and Quantum Computing Inc. (QUBT). Click either name above to swap in a different company.

Quantum Computing Inc. is the larger business by last-quarter revenue ($198.0K vs $188.0K, roughly 1.1× AEye, Inc.). Quantum Computing Inc. runs the higher net margin — -785.9% vs -9068.1%, a 8282.2% gap on every dollar of revenue. On growth, Quantum Computing Inc. posted the faster year-over-year revenue change (219.4% vs -75.5%). AEye, Inc. produced more free cash flow last quarter ($-9.7M vs $-12.2M).

AEye, Inc. develops and manufactures high-performance adaptive lidar perception systems for multiple commercial sectors. Its core products are deployed in advanced driver assistance systems, autonomous passenger and commercial vehicles, industrial robotics, smart infrastructure, and logistics automation, serving global automotive, technology and industrial clients.

Rigetti Computing, Inc. is a Berkeley, California-based developer of superconducting quantum integrated circuits used for quantum computers. Rigetti also develops a cloud platform called Forest that enables programmers to write quantum algorithms.

LIDR vs QUBT — Head-to-Head

Bigger by revenue
QUBT
QUBT
1.1× larger
QUBT
$198.0K
$188.0K
LIDR
Growing faster (revenue YoY)
QUBT
QUBT
+294.8% gap
QUBT
219.4%
-75.5%
LIDR
Higher net margin
QUBT
QUBT
8282.2% more per $
QUBT
-785.9%
-9068.1%
LIDR
More free cash flow
LIDR
LIDR
$2.5M more FCF
LIDR
$-9.7M
$-12.2M
QUBT

Income Statement — Q3 FY2023 vs Q4 FY2025

Metric
LIDR
LIDR
QUBT
QUBT
Revenue
$188.0K
$198.0K
Net Profit
$-17.0M
$-1.6M
Gross Margin
-2282.4%
-49.5%
Operating Margin
-9167.6%
-11220.2%
Net Margin
-9068.1%
-785.9%
Revenue YoY
-75.5%
219.4%
Net Profit YoY
27.8%
97.0%
EPS (diluted)
$-0.09
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LIDR
LIDR
QUBT
QUBT
Q4 25
$198.0K
Q3 25
$384.0K
Q2 25
$61.0K
Q4 24
$62.0K
Q3 24
$101.0K
Q2 24
$183.0K
Q4 23
$75.0K
Q3 23
$188.0K
$50.0K
Net Profit
LIDR
LIDR
QUBT
QUBT
Q4 25
$-1.6M
Q3 25
$2.4M
Q2 25
$-36.5M
Q4 24
$-51.2M
Q3 24
$-5.7M
Q2 24
$-5.2M
Q4 23
$-6.6M
Q3 23
$-17.0M
$-6.8M
Gross Margin
LIDR
LIDR
QUBT
QUBT
Q4 25
-49.5%
Q3 25
32.8%
Q2 25
42.6%
Q4 24
54.8%
Q3 24
8.9%
Q2 24
31.7%
Q4 23
13.3%
Q3 23
-2282.4%
52.0%
Operating Margin
LIDR
LIDR
QUBT
QUBT
Q4 25
-11220.2%
Q3 25
-2709.4%
Q2 25
-16673.8%
Q4 24
-14375.8%
Q3 24
-5384.2%
Q2 24
-2878.1%
Q4 23
-8772.0%
Q3 23
-9167.6%
-13222.0%
Net Margin
LIDR
LIDR
QUBT
QUBT
Q4 25
-785.9%
Q3 25
620.3%
Q2 25
-59806.6%
Q4 24
-82640.3%
Q3 24
-5618.8%
Q2 24
-2838.3%
Q4 23
-8836.0%
Q3 23
-9068.1%
-13682.0%
EPS (diluted)
LIDR
LIDR
QUBT
QUBT
Q4 25
$0.03
Q3 25
$0.01
Q2 25
$-0.26
Q4 24
$-0.53
Q3 24
$-0.06
Q2 24
$-0.06
Q4 23
$-0.09
Q3 23
$-0.09
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LIDR
LIDR
QUBT
QUBT
Cash + ST InvestmentsLiquidity on hand
$37.1M
$1.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$53.3M
$1.6B
Total Assets
$80.9M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LIDR
LIDR
QUBT
QUBT
Q4 25
$1.1B
Q3 25
$555.6M
Q2 25
$348.8M
Q4 24
$78.9M
Q3 24
$3.1M
Q2 24
$2.5M
Q4 23
$2.1M
Q3 23
$37.1M
$7.4M
Stockholders' Equity
LIDR
LIDR
QUBT
QUBT
Q4 25
$1.6B
Q3 25
$877.9M
Q2 25
$396.0M
Q4 24
$107.3M
Q3 24
$60.4M
Q2 24
$65.5M
Q4 23
$68.7M
Q3 23
$53.3M
$72.2M
Total Assets
LIDR
LIDR
QUBT
QUBT
Q4 25
$1.6B
Q3 25
$898.2M
Q2 25
$426.1M
Q4 24
$153.6M
Q3 24
$76.8M
Q2 24
$76.0M
Q4 23
$74.4M
Q3 23
$80.9M
$89.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LIDR
LIDR
QUBT
QUBT
Operating Cash FlowLast quarter
$-9.1M
$-11.0M
Free Cash FlowOCF − Capex
$-9.7M
$-12.2M
FCF MarginFCF / Revenue
-5146.8%
-6147.5%
Capex IntensityCapex / Revenue
326.1%
583.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-59.9M
$-37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LIDR
LIDR
QUBT
QUBT
Q4 25
$-11.0M
Q3 25
$-8.7M
Q2 25
$-6.1M
Q4 24
$-3.8M
Q3 24
$-4.6M
Q2 24
$-4.0M
Q4 23
$-5.0M
Q3 23
$-9.1M
$-4.4M
Free Cash Flow
LIDR
LIDR
QUBT
QUBT
Q4 25
$-12.2M
Q3 25
$-11.5M
Q2 25
$-7.1M
Q4 24
$-6.6M
Q3 24
$-5.1M
Q2 24
$-5.1M
Q4 23
$-5.0M
Q3 23
$-9.7M
$-6.0M
FCF Margin
LIDR
LIDR
QUBT
QUBT
Q4 25
-6147.5%
Q3 25
-3000.3%
Q2 25
-11683.6%
Q4 24
-10709.7%
Q3 24
-5040.6%
Q2 24
-2782.0%
Q4 23
-6693.3%
Q3 23
-5146.8%
-12022.0%
Capex Intensity
LIDR
LIDR
QUBT
QUBT
Q4 25
583.8%
Q3 25
723.2%
Q2 25
1678.7%
Q4 24
4622.6%
Q3 24
508.9%
Q2 24
588.5%
Q4 23
70.7%
Q3 23
326.1%
3168.0%
Cash Conversion
LIDR
LIDR
QUBT
QUBT
Q4 25
Q3 25
-3.67×
Q2 25
Q4 24
Q3 24
Q2 24
Q4 23
Q3 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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