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Company Analysis

D-Wave Quantum Inc. QBTS

A comprehensive view of key metrics, scores, and financial health for D-Wave Quantum Inc.

Overview of D-Wave Quantum Inc.

QBTS NYQ
Technology Computer Hardware Mid Cap
D-Wave Quantum Inc. (QBTS), is a Mid Cap company, in the Computer Hardware industry, last closed at $17.55, about 0.0% overvalued vs fair value, +57.0% 1Y return, ranked 417/761 in sector.
$17.55
-1.57%
As of March 13, 2026
Previous close • Vol 90d: 103.1%
52-Week Range
Market Cap
$6.88B
Enterprise Value
$6.25B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.dwavequantum.com
HQ Palo Alto, CA
Employees 216
Fiscal year Dec 31

Next Events

Earnings May 7 Estimated

Fair Value Snapshot

Bear Base Bull
$-1
$-1
$-1
Current: $17.55

Engine Room Money Flow™

Mid Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$24.6M
178.5%%
Gross Profit
$20.3M
265%%
Operating Income
$-100.4M
-30%%
Net Income
$-355.1M
-146.8%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
12.7%
Poor

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
-
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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
3
Active Leaks
1/3
Improving
0
High Impact
3
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating D-Wave Quantum Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
36
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Developing
44
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 91% Coverage
Trade-Off Triangle Visualization A ternary plot showing QBTS's balance between Growth (52.8%), Profitability (13.8%), and Safety (33.4%). Growth 53% Safety 33% Profitability 14%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

78th percentile vs peers
79
Key Signals
Rev Growth YoY 1.79 94p Revenue CAGR 3Y 50.8% 84p TSR 87.8% 90p EPS Growth YoY -24.9% 42p
Strengths
  • Rev Growth Yoy in top 20% of peers (1.79, 94th percentile)
  • Revenue Cagr 3Y in top 20% of peers (50.8%, 84th percentile)
  • Growth above peer median with strong metric coverage (85%)
  • Tsr in top 20% of peers (87.8%, 90th percentile)
  • Gross Profit Margin in top 20% of peers (82.6%, 97th percentile)
Risks

No significant risks identified for this axis.

Profitability

20th percentile vs peers
21
Key Signals
Strengths
Risks
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Safety

49th percentile vs peers
50
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for D-Wave Quantum Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$-1.32
- - -
- upside
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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