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

MICROVISION, INC. is the larger business by last-quarter revenue ($223.0K vs $198.0K, roughly 1.1× Quantum Computing Inc.). On growth, Quantum Computing Inc. posted the faster year-over-year revenue change (219.4% vs -86.5%). Quantum Computing Inc. produced more free cash flow last quarter ($-12.2M vs $-59.4M). Over the past eight quarters, Quantum Computing Inc.'s revenue compounded faster (99.0% CAGR vs -51.7%).

MicroVision Inc. is a technology company specializing in advanced LiDAR sensors, miniature display solutions, and perception software. Its core products serve automotive ADAS, augmented reality devices, consumer electronics, and industrial automation markets, delivering high-precision, low-power sensing technologies for next-generation smart applications.

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.

MVIS vs QUBT — Head-to-Head

Bigger by revenue
MVIS
MVIS
1.1× larger
MVIS
$223.0K
$198.0K
QUBT
Growing faster (revenue YoY)
QUBT
QUBT
+305.8% gap
QUBT
219.4%
-86.5%
MVIS
More free cash flow
QUBT
QUBT
$47.2M more FCF
QUBT
$-12.2M
$-59.4M
MVIS
Faster 2-yr revenue CAGR
QUBT
QUBT
Annualised
QUBT
99.0%
-51.7%
MVIS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MVIS
MVIS
QUBT
QUBT
Revenue
$223.0K
$198.0K
Net Profit
$-1.6M
Gross Margin
-49.5%
Operating Margin
-11220.2%
Net Margin
-785.9%
Revenue YoY
-86.5%
219.4%
Net Profit YoY
-21.2%
97.0%
EPS (diluted)
$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
MVIS
MVIS
QUBT
QUBT
Q4 25
$223.0K
$198.0K
Q3 25
$241.0K
$384.0K
Q2 25
$155.0K
$61.0K
Q1 25
$589.0K
Q4 24
$1.6M
$62.0K
Q3 24
$190.0K
$101.0K
Q2 24
$1.9M
$183.0K
Q1 24
$956.0K
Net Profit
MVIS
MVIS
QUBT
QUBT
Q4 25
$-1.6M
Q3 25
$-14.2M
$2.4M
Q2 25
$-14.2M
$-36.5M
Q1 25
$-28.8M
Q4 24
$-31.2M
$-51.2M
Q3 24
$-15.5M
$-5.7M
Q2 24
$-23.9M
$-5.2M
Q1 24
$-26.3M
Gross Margin
MVIS
MVIS
QUBT
QUBT
Q4 25
-49.5%
Q3 25
32.8%
Q2 25
42.6%
Q1 25
6.6%
Q4 24
-149.5%
54.8%
Q3 24
8.9%
Q2 24
18.2%
31.7%
Q1 24
-33.6%
Operating Margin
MVIS
MVIS
QUBT
QUBT
Q4 25
-11220.2%
Q3 25
-5278.4%
-2709.4%
Q2 25
-9455.5%
-16673.8%
Q1 25
-2383.7%
Q4 24
-1119.5%
-14375.8%
Q3 24
-8266.3%
-5384.2%
Q2 24
-1296.4%
-2878.1%
Q1 24
-2793.9%
Net Margin
MVIS
MVIS
QUBT
QUBT
Q4 25
-785.9%
Q3 25
-5899.2%
620.3%
Q2 25
-9180.0%
-59806.6%
Q1 25
-4886.1%
Q4 24
-1888.2%
-82640.3%
Q3 24
-8166.8%
-5618.8%
Q2 24
-1259.5%
-2838.3%
Q1 24
-2752.4%
EPS (diluted)
MVIS
MVIS
QUBT
QUBT
Q4 25
$0.03
Q3 25
$-0.05
$0.01
Q2 25
$-0.06
$-0.26
Q1 25
$-0.12
Q4 24
$-0.15
$-0.53
Q3 24
$-0.07
$-0.06
Q2 24
$-0.11
$-0.06
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
MVIS
MVIS
QUBT
QUBT
Cash + ST InvestmentsLiquidity on hand
$74.9M
$1.1B
Total DebtLower is stronger
$19.2M
Stockholders' EquityBook value
$55.5M
$1.6B
Total Assets
$103.1M
$1.6B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MVIS
MVIS
QUBT
QUBT
Q4 25
$74.9M
$1.1B
Q3 25
$99.5M
$555.6M
Q2 25
$91.4M
$348.8M
Q1 25
$69.0M
Q4 24
$74.7M
$78.9M
Q3 24
$43.2M
$3.1M
Q2 24
$56.6M
$2.5M
Q1 24
$73.1M
Total Debt
MVIS
MVIS
QUBT
QUBT
Q4 25
$19.2M
Q3 25
$29.0M
Q2 25
$32.3M
Q1 25
$30.1M
Q4 24
$33.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MVIS
MVIS
QUBT
QUBT
Q4 25
$55.5M
$1.6B
Q3 25
$90.7M
$877.9M
Q2 25
$77.1M
$396.0M
Q1 25
$53.2M
Q4 24
$48.8M
$107.3M
Q3 24
$65.9M
$60.4M
Q2 24
$78.7M
$65.5M
Q1 24
$93.8M
Total Assets
MVIS
MVIS
QUBT
QUBT
Q4 25
$103.1M
$1.6B
Q3 25
$150.8M
$898.2M
Q2 25
$140.6M
$426.1M
Q1 25
$116.7M
Q4 24
$121.2M
$153.6M
Q3 24
$88.3M
$76.8M
Q2 24
$103.4M
$76.0M
Q1 24
$124.2M
Debt / Equity
MVIS
MVIS
QUBT
QUBT
Q4 25
0.35×
Q3 25
0.32×
Q2 25
0.42×
Q1 25
0.57×
Q4 24
0.68×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MVIS
MVIS
QUBT
QUBT
Operating Cash FlowLast quarter
$-58.7M
$-11.0M
Free Cash FlowOCF − Capex
$-59.4M
$-12.2M
FCF MarginFCF / Revenue
-26636.3%
-6147.5%
Capex IntensityCapex / Revenue
304.5%
583.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-103.1M
$-37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MVIS
MVIS
QUBT
QUBT
Q4 25
$-58.7M
$-11.0M
Q3 25
$-16.5M
$-8.7M
Q2 25
$-12.7M
$-6.1M
Q1 25
$-14.1M
Q4 24
$-15.1M
$-3.8M
Q3 24
$-14.1M
$-4.6M
Q2 24
$-18.6M
$-4.0M
Q1 24
$-20.8M
Free Cash Flow
MVIS
MVIS
QUBT
QUBT
Q4 25
$-59.4M
$-12.2M
Q3 25
$-16.6M
$-11.5M
Q2 25
$-12.9M
$-7.1M
Q1 25
$-14.2M
Q4 24
$-15.2M
$-6.6M
Q3 24
$-14.1M
$-5.1M
Q2 24
$-18.8M
$-5.1M
Q1 24
$-20.9M
FCF Margin
MVIS
MVIS
QUBT
QUBT
Q4 25
-26636.3%
-6147.5%
Q3 25
-6894.6%
-3000.3%
Q2 25
-8346.5%
-11683.6%
Q1 25
-2410.4%
Q4 24
-918.7%
-10709.7%
Q3 24
-7421.1%
-5040.6%
Q2 24
-989.5%
-2782.0%
Q1 24
-2183.4%
Capex Intensity
MVIS
MVIS
QUBT
QUBT
Q4 25
304.5%
583.8%
Q3 25
53.1%
723.2%
Q2 25
134.2%
1678.7%
Q1 25
16.8%
Q4 24
6.2%
4622.6%
Q3 24
4.7%
508.9%
Q2 24
8.7%
588.5%
Q1 24
11.9%
Cash Conversion
MVIS
MVIS
QUBT
QUBT
Q4 25
Q3 25
-3.67×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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