D-Wave Quantum Inc. (QBTS)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 5 | 6 | 7 | 9 | 9 | 25 | 12 | - |
| Operating profit | $m | -100 | -171 | ||||||
| Net profit | $m | -22 | -41 | -54 | -83 | -144 | -355 | -249 | -110 |
| EPS reported | $ | -1.11 | -0.71 | ||||||
| Operating cashflow per share | $ | -0.22 | -0.30 | ||||||
| Capex per share | $ | 0.01 | 0.02 | ||||||
| FCF per share | $ | -0.24 | -0.32 | ||||||
| Free cash flow | $m | -76 | -119 | ||||||
| Net debt | $m | -849 | -546 | ||||||
| Book value equity | $m | - | 1,083 | ||||||
| Book value per share | $ | 2.65 | 2.92 | ||||||
| Number of shares | m | 321.2 | 370.84 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 9.86 | 7.75 | ||||||
| P/S LTM | x | 341.62 | 676.01 | ||||||
| P/FCF LTM | x | -110.75 | -70.54 | ||||||
| EV/EBITDA LTM | x | -22.39 | -30.11 | ||||||
| EV/Sales LTM | x | 317.55 | 602.94 | ||||||
| Earnings Yield LTM | % | -4.23% | -3.17% | ||||||
| FCF Yield | % | -0.90% | -1.42% | ||||||
| Quality | |||||||||
| ROE | % | -41.66% | -26.67% | ||||||
| ROIC | % | -11.20% | -13.52% | ||||||
| Operating margin | % | -4.08% | -13.73% | ||||||
| Gross margin | % | +82.59% | +64.19% | ||||||
| FCF/Sales | % | -308.47% | -958.36% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | +178.54% | +40.76% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | - | - | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | -1.75 | -9.11 | ||||||
| Net Debt/EBITDA | x | 1.70 | 1.09 | ||||||
| EBIT/Net interest | x | -25.01 | -17.73 | ||||||
| Net debt/market cap | % | +0.43% | 0.00% | ||||||
| Net debt/Equity | x | - | -0.50 | ||||||
| Gross debt/equity | x | - | 0.01 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a cloud-based service that enables real-time interaction with a live quantum computer. This service further provides access to Advantage, along with hybrid problem-solving tools, the Ocean Software Development Kit, live code samples, demonstrations, learning resources, and a vibrant developer community. Additionally, D-Wave provides a dedicated "D-Wave Launch" professional service, guiding enterprises from initial problem identification through to production deployment of quantum applications. Their quantum solutions are leveraged across various domains such as artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. They serve industries including manufacturing, logistics, financial services, and life sciences, among others. D-Wave Quantum Inc. is headquartered in Burnaby, Canada.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a cloud-based service that enables real-time interaction with a live quantum computer. This service further provides access to Advantage, along with hybrid problem-solving tools, the Ocean Software Development Kit, live code samples, demonstrations, learning resources, and a vibrant developer community. Additionally, D-Wave provides a dedicated "D-Wave Launch" professional service, guiding enterprises from initial problem identification through to production deployment of quantum applications. Their quantum solutions are leveraged across various domains such as artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. They serve industries including manufacturing, logistics, financial services, and life sciences, among others. D-Wave Quantum Inc. is headquartered in Burnaby, Canada.
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