Reaction rates of strained cycloalkynes and cycloalkenes with 1,2‐quinone were quantified by stopped flow UV‐Vis spectroscopy and computational analysis. We found that the strained alkyne BCN−OH 3 (k2 1824 M−1 s−1) reacts >150 times faster than the strained alkene TCO‐OH 5 (k2 11.56 M−1 s−1), and that derivatization with a carbamate can lead to a reduction of the rate constant with almost half. Also, the 8‐membered strained alkyne BCN−OH 3 reacts 16 times faster than the more strained 7‐membered THS 2 (k2 110.6 M−1 s−1). Using the linearized Eyring equation we determined the thermodynamic activation parameters of these two strained alkynes, revealing that the SPOCQ reaction of quinone 1 with THS 2 is associated with ΔH≠ of 0.80 kcal/mol, ΔS≠=−46.8 cal/K⋅mol, and ΔG≠=14.8 kcal/mol (at 25 °C), whereas the same reaction with BCN−OH 3 is associated with, ΔH≠=2.25 kcal/mol, ΔS≠=−36.3 cal/K⋅mol, and ΔG≠=13.1 kcal/mol (at 25 °C). Computational analysis supported the values obtained by the stopped‐flow measurements, with calculated ΔG≠ of 15.6 kcal/mol (in H2O) for the SPOCQ reaction with THS 2, and with ΔG≠ of 14.7 kcal/mol (in H2O) for the SPOCQ reaction with BCN−OH 3. With these empirically determined thermodynamic parameters, we set an important step towards a more fundamental understanding of this set of rapid click reactions.