SuperworthD-Wave Quantum QBTS
- Market cap
- $4.3B
- PE
- n/m
- a loss over the last year
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- n/m
- a sliver of sales
- EV/EBIT
- n/m
- a loss over the last year
- Revenue, 12 months
- $12.4M
- −44% on a year ago
- Net margin
- n/m
- outside −100% to 100%
- Free cash flow yield
- −2.8%
D-Wave Quantum's trailing earnings are negative, so it has no PE. Revenue was $12.4M over the last twelve months, down 44% on a year earlier.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.6M+51% | $2.9M+21% | $2.5M+56% | $2.2M+28% | $1.9M−27% | $2.3M−21% | $15M+509% | $3.1M+42% | $3.7M+100% | $2.8M+19% | $2.9M−81% | $3.1M−1% | |
| Cost of revenue | $1M+58% | $939K−12% | $806K−31% | $795K−21% | $827K−20% | $836K−11% | $1.1M+40% | $1.1M+41% | $1.1M+29% | $968K+16% | $1M−8% | $1.4M+23% |
| Gross profit | $1.5M+47% | $2M+48% | $1.7M+294% | $1.4M+97% | $1M−32% | $1.5M−25% | $13.9M+737% | $2M+42% | $2.7M+156% | $1.8M+21% | $1.8M−87% | $1.7M−14% |
| R&D | $9.5M+26% | $8M−23% | $8.5M−22% | $8.4M−13% | $8.7M−8% | $9.8M+23% | $10.3M+21% | $12.7M+52% | $14.1M+62% | $13.7M+40% | $25.8M+151% | $28.2M+123% |
| SG&A | $10.5M+21% | $10.6M−13% | $10.7M−25% | $11.9M−2% | $13M+24% | $12M+13% | $14.9M+40% | $15.8M+33% | $16.3M+26% | $22.9M+92% | $30.8M+107% | $26.7M+69% |
| −$18.4M+21% | −$16.5M−21% | −$17.5M−29% | −$18.8M−10% | −$20.6M+12% | −$20.2M+22% | −$11.3M−36% | −$26.5M+41% | −$27.7M+34% | −$34.8M+72% | −$54.7M+385% | −$53.3M+101% | |
| Interest expense | n/a | n/a | n/a | n/a | n/a | n/a | $226K | $206K | n/a | n/a | $259K+15% | $255K+24% |
| Pre-tax income | n/a | n/a | n/a | n/a | n/a | n/a | −$5.4M | −$167.3M | n/a | n/a | −$46.8M+764% | −$48M−71% |
| n/a | n/a | n/a | n/a | n/a | n/a | $0 | $0 | n/a | n/a | −$28.5M | $8K | |
| Net income | −$16.1M+38% | −$16M−10% | −$17.3M−29% | −$17.8M−32% | −$22.7M+41% | −$86.1M+438% | −$5.4M−69% | −$167.3M+841% | −$140M+516% | −$42.3M−51% | −$18.4M+239% | −$48M−71% |
| −$0.12+20% | −$0.10−38% | −$0.11−45% | −$0.10−52% | −$0.11−8% | −$0.37+270% | −$0.02−82% | −$0.55+450% | −$0.41+273% | −$0.12−68% | −$0.05+150% | −$0.13−76% | |
| 133.2M+15% | 157.6M+41% | 161.3M+31% | 172.1M+35% | 201.6M+51% | 233M+48% | 286.4M+78% | 302.3M+76% | 342.2M+70% | 352.9M+52% | 367.5M+28% | 370.8M+23% |
Revenue: Q1 FY21: 6 months less the 3 months printed beside them.
Cost of revenue: Q1 FY21: 6 months less the 3 months printed beside them.
Gross profit: Q1 FY21: 6 months less the 3 months printed beside them.
R&D: Q1 FY21: 6 months less the 3 months printed beside them.
SG&A: Q1 FY21: 6 months less the 3 months printed beside them.
Operating income: Q1 FY21: 6 months less the 3 months printed beside them.
Interest expense: Q1 FY21: 6 months less the 3 months printed beside them.
Net income: Q1 FY21: 6 months less the 3 months printed beside them.
EPS, diluted: 6 periods, Q1 FY21 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q1 FY21: share-days: the 6-month average less the second quarter's. 5 periods, Q4 FY21 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Software - Application nearest D-Wave Quantum's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| QBTSD-Wave Quantum | $4.3B | n/m | n/a | n/m | −44% | n/m | |
| LIFLife360 | $3.7B | 26.6× | 31.7× | 6.4× | +34% | 25.7% | |
| FAFirst Advantage | $3.6B | 152× | 54.1× | 2.2× | +33% | 1.5% | |
| MGNIMagnite | $3.3B | 22.0× | 41.6× | 4.4× | +8% | 22.5% | |
| PEGAPegasystems | $6B | 20.6× | 66.6× | 3.4× | +4% | 18.7% | |
| TTDTrade Desk | $6.1B | 15.5× | 123× | 2.0× | +12% | 13.6% | |
| FIVNFive9 | $2.8B | 54.5× | 48.9× | 2.3× | +9% | 4.9% | |
| CARGCarGurus | $2.8B | 17.1× | 43.8× | 2.9× | +14% | 18.2% | |
| RNGRingCentral | $7B | 66.7× | 73.7× | 2.7× | +5% | 4.3% | |
| DXCDXC Technology | $2.6B | 23.0× | 12.3× | 0.2× | −2% | 1.0% | |
| GRNDGrindr | $2.4B | 26.8× | 28.8× | 4.7× | +32% | 18.7% | |
| Peer median | $3.5B | 24.8× | 46.3× | 2.8× | +10% | 15.9% |
More on D-Wave Quantum
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Valuation data, not investment advice. Prices as of .