---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-067742"
form_type: "8-K"
ticker: "QUBT"
cik: "0001758009"
company_name: "Quantum Computing Inc."
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:05:29.786051+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Quantum Computing restates 2022-2023 financials; prior statements no longer reliable

## Summary
- Re-audit by BPM LLP found errors in purchase accounting, Series A dividends, debt/equity costs, notes receivable, and operating expenses.
- Estimated 2023 net loss increases by ~$1M; 2022 net loss decreases by ~$8M.
- Assets decline by ~$4M (2023) and ~$11M (2022); stockholders' equity down ~$4M and ~$10M, respectively.
- Cash balances are unaffected by the restatements; filing of amended 10-K/A expected in coming weeks.
- Prior auditor BF Borgers was subject to an SEC cease-and-desist order, triggering the re-audit.

## SEC filing metadata
- accession: 0001213900-24-067742
- form_type: 8-K
- ticker: QUBT
- cik: 0001758009
- company_name: Quantum Computing Inc.
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758009/000121390024067742/0001213900-24-067742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758009/000121390024067742/ea0211035-8k_quantum.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-067742
- JSON: https://secwatch.observer/filing/0001213900-24-067742.json
- Plain text: https://secwatch.observer/filing/0001213900-24-067742.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.