Citron Research Posts On X "Small-cap Quantum Stocks Are in a Bubble, but $QUBT Stands Out as the Most Ridiculous. The Numbers Tell the Story. R&D Spending Is THE Critical Indicator in This Space: Last Quarter, $IONQ Allocated $33M and $RGTI $12M, Modest Figures Next to Tech Giants Like Google. Yet $QUBT Spent a Mere $2M on R&D....."
Small-cap quantum stocks are in a bubble, but $QUBT stands out as the most ridiculous. The numbers tell the story. R&D spending is THE critical indicator in this space: last quarter, $IONQ allocated $33M and $RGTI $12M, modest figures next to tech giants like Google. Yet $QUBT spent a mere $2M on R&D—a striking mismatch for a company claiming to 'offer integrated high-performance quantum systems.' Let's not forget the issued equity at $2.50 just a month ago. The financials simply don't align—follow the data.