Quantum Blockchain Technologies

QBT.L

Financial - Capital Markets · Financial Services

Price

0.34 GBp

-0.00 (-1.42%)

Market Cap

5.5M GBp

Exchange

London Stock Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+54.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 946K (2021) → 1.5M (2025)

Quantum Blockchain Technologies Plc is a small UK-based technology research company focused on applying advanced mathematics and quantum computing concepts to Bitcoin mining. Its main project involves developing more efficient algorithms and hardware approaches to solve the cryptographic puzzles that Bitcoin mining requires. The company does not yet sell products or services to customers in a traditional sense — it is still in the research and development stage.

The company currently generates no meaningful revenue, which explains its zero gross margin and deeply negative return on invested capital. It is listed on the London Stock Exchange's AIM market and operates primarily in the United Kingdom. Because it has no commercial product yet, it relies on capital raises to fund ongoing research, making it highly dependent on investor funding to survive. The key risk is that it may never successfully commercialize its technology, and even if it does, larger and better-funded competitors in the Bitcoin mining industry could make its innovations obsolete before they reach the market.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

1.8%ownership

Relatively low insider ownership

Cash Runway

~1 months

$454,554 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Quantum Blockchain Technologies has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

N/A

Data not available

Operating Margin

N/A

Data not available

ROCE

-90.8%

Weak — -90.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

Data not available

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

N/A

Data not available

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Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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