Quantinuum Inc. (QNT) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, QNT scores 52 out of 100, equating to a D+ grade and the verdict "Roarable Sell — Weak Fundamentals / Trim." The five pillars are: Fundamental Cash Engine at 15/20 (ROIC 58.3%; FCF yield 3.99%), Whale 13F Flow at 4/20 (institutional accumulation and options positioning), Insider Conviction at 15/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 5/20 (Beta 1.15; sector sensitivity), and Forensic Balance Sheet at 13/20 (Altman Z 9.79; Piotroski F 6/9; Debt/Equity 2.14). For a prospective investor, the strongest pillar is the cash engine, where a 58.3% ROIC paired with a 3.99% FCF yield suggests capital efficiency. The weakest pillar, Whale 13F Flow at 4/20, indicates limited institutional accumulation signal in the rating inputs, while Macro Regime Fit at 5/20 reflects the stock's Beta of 1.15 and sector sensitivity as headwinds in a volatile tape. The Forensic Balance Sheet score of 13/20 is supported by a high Altman Z but tempered by a Debt/Equity of 2.14. Taken together, the rating frames the stock as a valuation-and-momentum question rather than a fundamentals-led opportunity at present. Valuation tradeoffs include a trailing P/E of 21.7 and an EV/EBITDA of 13.8 against the rating's weak composite score.

Per the SEC financials, reported revenue, operating income, net income, and FCF are shown as $0.0M for FY 2025, which the source data does not reconcile against the market-data margins. Per the market data, the operating margin is 21.1%, the net margin is 16.4%, and the gross margin is 0%, with ROIC at 58.3%. Per the Roarable RQD rating, the Altman Z-Score is 9.79 and the Piotroski F-Score is 6/9. Per the SEC financials, cash of $762.6M exceeds debt of $431.9M, while the rating cites a Debt/Equity of 2.14.

Per the recent news feed, six items reference QNT. Two items are tagged CATALYST with GREEN light: an Investor's Business Daily piece on the stock being upgraded on valuation and technology road map relative to other quantum computing stocks, and a Barchart.com piece reporting that Morgan Stanley upgraded the stock. A Seeking Alpha item similarly tags a Morgan Stanley upgrade and names QNT a top quantum play. Four items are tagged MARKET WIRE with YELLOW light, including a Yahoo Finance comparison against IonQ, a ChartMill news item, and a TradingView item on Morgan Stanley naming a top quantum stock. Risk watch items are not enumerated in the source data. Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

• The FY 2025 financials show revenue, operating income, net income, and FCF as $0.0M while market data reports positive operating and net margins; which reconciled figures are correct?
• What products and customers generate QNT's revenue, and what is the revenue model?
• What is the basis for the 0% gross margin and 0% dividend yield, and does the company pay any dividend?
• What are the specific insider, 13F, and Congressional trade details behind the Whale and Insider pillar scores?
• What analyst consensus and price targets exist, given that the analyst data section is empty?