Qubit stock price, funding rounds, valuation and financials

Qubit has raised $74.85 m in total funding. Qubit annual revenue was £17.43 m in FY 2019

£17.4 M

Qubit Revenue FY, 2019
Qubit Revenue growth (FY, 2018 - FY, 2019), %(8%)
Qubit Gross profit (FY, 2019)11.3 M
Qubit Gross profit margin (FY, 2019), %65.1%
Qubit Net income (FY, 2019)-5.1 M
Qubit EBITDA (FY, 2019)-1.9 M
Qubit EBIT (FY, 2019)-6.6 M
Qubit Cash, 31-Jan-20196.1 M
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Qubit Revenue

Qubit revenue was £17.43 m in FY, 2019 which is a 8% year over year decrease from the previous period.

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Qubit Funding

Summary Metrics

Founding Date

2010

Qubit total Funding

$74.9 m

Qubit latest funding size

$40 m

Time since last funding

5 years ago

Qubit investors

Qubit's latest funding round in February 2016 was reported to be $40 m. In total, Qubit has raised $74.9 m

Qubit Capital Raised

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Qubit Revenue Breakdown

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Qubit revenue breakdown by geographic segment: 18.5% from Europe, 5.4% from Rest of World, 20.6% from United States of America and 55.4% from United Kingdom

Qubit Income Statement

Annual

GBPFY, 2017FY, 2018FY, 2019

Revenue

19.0m19.0m17.4m

Revenue growth, %

0%(8%)

Cost of goods sold

8.7m7.1m6.1m

Gross profit

10.3m11.9m11.3m

Gross profit Margin, %

54%63%65%

Operating expense total

22.4m22.2m17.9m

EBITDA

(8.9m)(6.6m)(1.9m)

EBITDA margin, %

(47%)(35%)(11%)

EBIT

(12.0m)(10.4m)(6.6m)

EBIT margin, %

(63%)(55%)(38%)

Pre tax profit

(12.0m)(10.4m)(6.6m)

Income tax expense

1.7m1.8m1.5m

Net Income

(10.3m)(8.6m)(5.1m)

Qubit Balance Sheet

Annual

GBPFY, 2017FY, 2018FY, 2019

Cash

19.3m9.6m6.1m

Accounts Receivable

2.8m3.5m3.5m

Current Assets

24.9m15.9m11.8m

PP&E

651.0k468.0k261.0k

Goodwill

7.8m

Total Assets

33.5m24.7m19.1m

Accounts Payable

567.0k545.0k282.0k

Short-term debt

99.0k

Current Liabilities

10.2m9.7m9.0m

Non-Current Liabilities

1.3m1.3m1.1m

Total Debt

99.0k

Total Liabilities

11.6m11.0m10.1m

Common Stock

210.0k211.0k212.0k

Retained Earnings

(27.7m)(36.3m)(41.5m)

Total Equity

22.0m13.6m9.0m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.5 x1.8 x2.1 x

Qubit Cash Flow

Annual

GBPFY, 2017FY, 2018FY, 2019

Net Income

(10.3m)(8.6m)(5.1m)

Depreciation and Amortization

3.1m3.8m4.7m

Accounts Receivable

(344.0k)(765.0k)113.0k

Accounts Payable

(932.0k)(85.0k)(761.0k)

Cash From Operating Activities

(11.5m)(4.6m)(1.0m)

Purchases of PP&E

(210.0k)(126.0k)(39.0k)

Cash From Investing Activities

(4.0m)(3.9m)(3.1m)

Long-term Borrowings

(338.0k)(78.0k)

Cash From Financing Activities

6.8m(17.0k)45.0k

Net Change in Cash

(8.7m)(8.6m)(414.0k)

Qubit Ratios

GBPFY, 2017

Revenue/Employee

76.5k

Financial Leverage

1.5 x

Qubit Operating Metrics

Feb, 2018Apr, 2018Jun, 2018Jun, 2020

Events Collected Every Second

120 k

Average Daily Personalizations

1 b

Interactions to Date

1.2 b

Products

23

Qubit Employee Rating

4.7136 votes
Culture & Values
4
Work/Life Balance
4.2
Senior Management
3.6
Salary & Benefits
4.1
Career Opportunities
3.8
Source