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D-WAVE QUANTUM INC (QBTS) Stock Fundamental Analysis

NYSE:QBTS - New York Stock Exchange, Inc. - US26740W1099 - Common Stock - Currency: USD

6.42  -0.02 (-0.31%)

After market: 6.4302 +0.01 (+0.16%)

Fundamental Rating

3

Overall QBTS gets a fundamental rating of 3 out of 10. We evaluated QBTS against 283 industry peers in the Software industry. QBTS scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. QBTS is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1. Profitability

1.1 Basic Checks

In the past year QBTS has reported negative net income.
In the past year QBTS has reported a negative cash flow from operations.
QBTS had negative earnings in each of the past 5 years.
In the past 5 years QBTS always reported negative operating cash flow.
QBTS Yearly Net Income VS EBIT VS OCF VS FCFQBTS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 -50M -100M

1.2 Ratios

QBTS's Return On Assets of -71.99% is on the low side compared to the rest of the industry. QBTS is outperformed by 86.93% of its industry peers.
QBTS's Return On Equity of -229.67% is on the low side compared to the rest of the industry. QBTS is outperformed by 82.69% of its industry peers.
Industry RankSector Rank
ROA -71.99%
ROE -229.67%
ROIC N/A
ROA(3y)-134.18%
ROA(5y)-104.08%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
QBTS Yearly ROA, ROE, ROICQBTS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 500 -500 -1K

1.3 Margins

With a Gross Margin value of 63.02%, QBTS perfoms like the industry average, outperforming 44.17% of the companies in the same industry.
QBTS's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for QBTS so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 63.02%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.4%
GM growth 5YN/A
QBTS Yearly Profit, Operating, Gross MarginsQBTS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -500 -1K -1.5K

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2. Health

2.1 Basic Checks

QBTS does not have a ROIC to compare to the WACC, probably because it is not profitable.
QBTS has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, QBTS has an improved debt to assets ratio.
QBTS Yearly Shares OutstandingQBTS Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
QBTS Yearly Total Debt VS Total AssetsQBTS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

QBTS has an Altman-Z score of 3.49. This indicates that QBTS is financially healthy and has little risk of bankruptcy at the moment.
QBTS has a better Altman-Z score (3.49) than 63.60% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that QBTS is not too dependend on debt financing.
QBTS's Debt to Equity ratio of 0.48 is on the low side compared to the rest of the industry. QBTS is outperformed by 65.02% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF N/A
Altman-Z 3.49
ROIC/WACCN/A
WACC9.72%
QBTS Yearly LT Debt VS Equity VS FCFQBTS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M -60M

2.3 Liquidity

QBTS has a Current Ratio of 6.14. This indicates that QBTS is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 6.14, QBTS belongs to the top of the industry, outperforming 89.40% of the companies in the same industry.
A Quick Ratio of 6.08 indicates that QBTS has no problem at all paying its short term obligations.
QBTS's Quick ratio of 6.08 is amongst the best of the industry. QBTS outperforms 89.05% of its industry peers.
Industry RankSector Rank
Current Ratio 6.14
Quick Ratio 6.08
QBTS Yearly Current Assets VS Current LiabilitesQBTS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 42.79% over the past year.
QBTS shows a small growth in Revenue. In the last year, the Revenue has grown by 0.81%.
The Revenue has been growing by 12.02% on average over the past years. This is quite good.
EPS 1Y (TTM)42.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%40%
Revenue 1Y (TTM)0.81%
Revenue growth 3Y12.02%
Revenue growth 5YN/A
Sales Q2Q%-20.54%

3.2 Future

Based on estimates for the next years, QBTS will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.20% on average per year.
The Revenue is expected to grow by 75.52% on average over the next years. This is a very strong growth
EPS Next Y46.42%
EPS Next 2Y23.75%
EPS Next 3Y19.46%
EPS Next 5Y15.2%
Revenue Next Year147.07%
Revenue Next 2Y95.6%
Revenue Next 3Y88.18%
Revenue Next 5Y75.52%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
QBTS Yearly Revenue VS EstimatesQBTS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 50M 100M 150M 200M
QBTS Yearly EPS VS EstimatesQBTS Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -0.2 -0.4 -0.6

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for QBTS. In the last year negative earnings were reported.
Also next year QBTS is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
QBTS Price Earnings VS Forward Price EarningsQBTS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
QBTS Per share dataQBTS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.1 -0.1 0.2 -0.2 -0.3

4.3 Compensation for Growth

QBTS's earnings are expected to grow with 19.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y23.75%
EPS Next 3Y19.46%

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5. Dividend

5.1 Amount

QBTS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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D-WAVE QUANTUM INC

NYSE:QBTS (4/17/2025, 8:04:01 PM)

After market: 6.4302 +0.01 (+0.16%)

6.42

-0.02 (-0.31%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)03-13 2025-03-13/bmo
Earnings (Next)05-12 2025-05-12/bmo
Inst Owners20.89%
Inst Owner Change0.02%
Ins Owners0.72%
Ins Owner Change4.34%
Market Cap1.87B
Analysts81.82
Price Target10.1 (57.32%)
Short Float %20.83%
Short Ratio0.68
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.73%
Min EPS beat(2)-0.88%
Max EPS beat(2)14.34%
EPS beat(4)2
Avg EPS beat(4)-3.01%
Min EPS beat(4)-26.05%
Max EPS beat(4)14.34%
EPS beat(8)4
Avg EPS beat(8)-10.59%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-15.87%
Min Revenue beat(2)-27.66%
Max Revenue beat(2)-4.07%
Revenue beat(4)0
Avg Revenue beat(4)-19.31%
Min Revenue beat(4)-27.66%
Max Revenue beat(4)-4.07%
Revenue beat(8)0
Avg Revenue beat(8)-22.6%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)30.26%
PT rev (3m)96.04%
EPS NQ rev (1m)45.98%
EPS NQ rev (3m)57.38%
EPS NY rev (1m)23.4%
EPS NY rev (3m)36.85%
Revenue NQ rev (1m)306.81%
Revenue NQ rev (3m)306.81%
Revenue NY rev (1m)50.62%
Revenue NY rev (3m)50.6%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 211.9
P/FCF N/A
P/OCF N/A
P/B 29.86
P/tB 30.09
EV/EBITDA N/A
EPS(TTM)-0.35
EYN/A
EPS(NY)-0.19
Fwd EYN/A
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)-0.15
OCFYN/A
SpS0.03
BVpS0.22
TBVpS0.21
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -71.99%
ROE -229.67%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 63.02%
FCFM N/A
ROA(3y)-134.18%
ROA(5y)-104.08%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.4%
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 189.9%
Cap/Sales 23.86%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.14
Quick Ratio 6.08
Altman-Z 3.49
F-Score5
WACC9.72%
ROIC/WACCN/A
Cap/Depr(3y)94.96%
Cap/Depr(5y)91.48%
Cap/Sales(3y)12.68%
Cap/Sales(5y)17.04%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)42.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%40%
EPS Next Y46.42%
EPS Next 2Y23.75%
EPS Next 3Y19.46%
EPS Next 5Y15.2%
Revenue 1Y (TTM)0.81%
Revenue growth 3Y12.02%
Revenue growth 5YN/A
Sales Q2Q%-20.54%
Revenue Next Year147.07%
Revenue Next 2Y95.6%
Revenue Next 3Y88.18%
Revenue Next 5Y75.52%
EBIT growth 1Y4.13%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year5.1%
EBIT Next 3Y11.99%
EBIT Next 5YN/A
FCF growth 1Y26.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y29.69%
OCF growth 3YN/A
OCF growth 5YN/A