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Stock Comparison

QUBT vs QBTS

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
QUBT
Quantum Computing, Inc.

Computer Hardware

TechnologyNASDAQ • US
Market Cap$2.26B
5Y Perf.-25.9%
QBTS
D-Wave Quantum Inc.

Computer Hardware

TechnologyNYSE • CA
Market Cap$8.48B
5Y Perf.+129.0%

QUBT vs QBTS — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
QUBT logoQUBT
QBTS logoQBTS
IndustryComputer HardwareComputer Hardware
Market Cap$2.26B$8.48B
Revenue (TTM)$682K$25M
Net Income (TTM)$-19M$-355M
Gross Margin-133.1%82.6%
Operating Margin-74.9%-408.2%
Total Debt$2M$8M
Cash & Equiv.$738M$635M

QUBT vs QBTSLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

QUBT
QBTS
StockDec 20May 26Return
Quantum Computing, … (QUBT)10074.1-25.9%
D-Wave Quantum Inc. (QBTS)100229.0+129.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: QUBT vs QBTS

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: QBTS leads in 4 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Quantum Computing, Inc. is the stronger pick specifically for operational efficiency and capital deployment. As sector peers, any of these can serve as alternatives in the same allocation.
QUBT
Quantum Computing, Inc.
The Growth Play

QUBT is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 82.8%, EPS growth 84.9%, 3Y rev CAGR 71.2%
  • 10K% 10Y total return vs QBTS's 134.9%
  • Lower volatility, beta 3.54, Low D/E 0.1%, current ratio 102.38x
Best for: growth exposure and long-term compounding
QBTS
D-Wave Quantum Inc.
The Income Pick

QBTS carries the broadest edge in this set and is the clearest fit for income & stability and defensive.

  • beta 3.48
  • Beta 3.48, current ratio 42.38x
  • 178.5% revenue growth vs QUBT's 82.8%
Best for: income & stability and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthQBTS logoQBTS178.5% revenue growth vs QUBT's 82.8%
Quality / MarginsQBTS logoQBTS-14.4% margin vs QUBT's -27.4%
Stability / SafetyQBTS logoQBTSBeta 3.48 vs QUBT's 3.54
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)QBTS logoQBTS+229.7% vs QUBT's +47.7%
Efficiency (ROA)QUBT logoQUBT-2.3% ROA vs QBTS's -38.8%, ROIC -8.6% vs -102.0%

QUBT vs QBTS — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

QUBTQuantum Computing, Inc.
FY 2025
Service
54.0%$368,000
Product
46.0%$314,000
QBTSD-Wave Quantum Inc.
FY 2025
System Sales
84.9%$16M
Professional Services
14.3%$3M
Product and Service, Other
0.9%$168,000

QUBT vs QBTS — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLQBTSLAGGINGQUBT

Income & Cash Flow (Last 12 Months)

QBTS leads this category, winning 4 of 6 comparable metrics.

QBTS is the larger business by revenue, generating $25M annually — 36.1x QUBT's $682,000. QBTS is the more profitable business, keeping -14.4% of every revenue dollar as net income compared to QUBT's -27.4%. On growth, QUBT holds the edge at +2.2% YoY revenue growth, suggesting stronger near-term business momentum.

MetricQUBT logoQUBTQuantum Computing…QBTS logoQBTSD-Wave Quantum In…
RevenueTrailing 12 months$682,000$25M
EBITDAEarnings before interest/tax-$47M-$99M
Net IncomeAfter-tax profit-$19M-$355M
Free Cash FlowCash after capex-$37M-$76M
Gross MarginGross profit ÷ Revenue-133.1%+82.6%
Operating MarginEBIT ÷ Revenue-74.9%-4.1%
Net MarginNet income ÷ Revenue-27.4%-14.4%
FCF MarginFCF ÷ Revenue-54.2%-3.1%
Rev. Growth (YoY)Latest quarter vs prior year+2.2%+19.2%
EPS Growth (YoY)Latest quarter vs prior year+98.7%+67.6%
QBTS leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

QUBT leads this category, winning 2 of 3 comparable metrics.
MetricQUBT logoQUBTQuantum Computing…QBTS logoQBTSD-Wave Quantum In…
Market CapShares × price$2.3B$8.5B
Enterprise ValueMkt cap + debt − cash$1.5B$7.8B
Trailing P/EPrice ÷ TTM EPS-95.09x-21.48x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue3313.76x344.76x
Price / BookPrice ÷ Book value/share1.08x8.99x
Price / FCFMarket cap ÷ FCF
QUBT leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

QUBT leads this category, winning 7 of 8 comparable metrics.

QUBT delivers a -2.4% return on equity — every $100 of shareholder capital generates $-2 in annual profit, vs $-42 for QBTS. QUBT carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to QBTS's 0.01x. On the Piotroski fundamental quality scale (0–9), QBTS scores 5/9 vs QUBT's 4/9, reflecting solid financial health.

MetricQUBT logoQUBTQuantum Computing…QBTS logoQBTSD-Wave Quantum In…
ROE (TTM)Return on equity-2.4%-41.7%
ROA (TTM)Return on assets-2.3%-38.8%
ROICReturn on invested capital-8.6%-102.0%
ROCEReturn on capital employed-5.8%-18.9%
Piotroski ScoreFundamental quality 0–945
Debt / EquityFinancial leverage0.00x0.01x
Net DebtTotal debt minus cash-$736M-$628M
Cash & Equiv.Liquid assets$738M$635M
Total DebtShort + long-term debt$2M$8M
Interest CoverageEBIT ÷ Interest expense-105.86x
QUBT leads this category, winning 7 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

QBTS leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in QBTS five years ago would be worth $24,203 today (with dividends reinvested), compared to $22,255 for QUBT. Over the past 12 months, QBTS leads with a +229.7% total return vs QUBT's +47.7%. The 3-year compound annual growth rate (CAGR) favors QBTS at 2.9% vs QUBT's 101.4% — a key indicator of consistent wealth creation.

MetricQUBT logoQUBTQuantum Computing…QBTS logoQBTSD-Wave Quantum In…
YTD ReturnYear-to-date-5.0%-15.3%
1-Year ReturnPast 12 months+47.7%+229.7%
3-Year ReturnCumulative with dividends+717.2%+5625.3%
5-Year ReturnCumulative with dividends+122.6%+142.0%
10-Year ReturnCumulative with dividends+1045901.4%+134.9%
CAGR (3Y)Annualised 3-year return+101.4%+2.9%
QBTS leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

QBTS leads this category, winning 2 of 2 comparable metrics.

QBTS is the less volatile stock with a 3.48 beta — it tends to amplify market swings less than QUBT's 3.54 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. QBTS currently trades 51.0% from its 52-week high vs QUBT's 40.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricQUBT logoQUBTQuantum Computing…QBTS logoQBTSD-Wave Quantum In…
Beta (5Y)Sensitivity to S&P 5003.54x3.48x
52-Week HighHighest price in past year$25.84$46.75
52-Week LowLowest price in past year$6.18$6.82
% of 52W HighCurrent price vs 52-week peak+40.5%+51.0%
RSI (14)Momentum oscillator 0–10061.163.3
Avg Volume (50D)Average daily shares traded12.5M25.2M
QBTS leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates QUBT as "Buy" and QBTS as "Buy". Consensus price targets imply 63.1% upside for QBTS (target: $39) vs 53.0% for QUBT (target: $16).

MetricQUBT logoQUBTQuantum Computing…QBTS logoQBTSD-Wave Quantum In…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$16.00$38.89
# AnalystsCovering analysts413
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises0
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.4%
Insufficient data to determine a leader in this category.
Key Takeaway

QBTS leads in 3 of 6 categories (Income & Cash Flow, Total Returns). QUBT leads in 2 (Valuation Metrics, Profitability & Efficiency).

Best OverallD-Wave Quantum Inc. (QBTS)Leads 3 of 6 categories
Loading custom metrics...

QUBT vs QBTS: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is QUBT or QBTS a better buy right now?

For growth investors, D-Wave Quantum Inc.

(QBTS) is the stronger pick with 178. 5% revenue growth year-over-year, versus 82. 8% for Quantum Computing, Inc. (QUBT). Analysts rate Quantum Computing, Inc. (QUBT) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — QUBT or QBTS?

Over the past 5 years, D-Wave Quantum Inc.

(QBTS) delivered a total return of +142. 0%, compared to +122. 6% for Quantum Computing, Inc. (QUBT). Over 10 years, the gap is even starker: QUBT returned +10459% versus QBTS's +134. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — QUBT or QBTS?

By beta (market sensitivity over 5 years), D-Wave Quantum Inc.

(QBTS) is the lower-risk stock at 3. 48β versus Quantum Computing, Inc. 's 3. 54β — meaning QUBT is approximately 2% more volatile than QBTS relative to the S&P 500. On balance sheet safety, Quantum Computing, Inc. (QUBT) carries a lower debt/equity ratio of 0% versus 1% for D-Wave Quantum Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — QUBT or QBTS?

By revenue growth (latest reported year), D-Wave Quantum Inc.

(QBTS) is pulling ahead at 178. 5% versus 82. 8% for Quantum Computing, Inc. (QUBT). On earnings-per-share growth, the picture is similar: Quantum Computing, Inc. grew EPS 84. 9% year-over-year, compared to -48. 0% for D-Wave Quantum Inc.. Over a 3-year CAGR, QUBT leads at 71. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — QUBT or QBTS?

D-Wave Quantum Inc.

(QBTS) is the more profitable company, earning -1444. 1% net margin versus -27. 4% for Quantum Computing, Inc. — meaning it keeps -1444. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: QBTS leads at -408. 2% versus -74. 9% for QUBT. At the gross margin level — before operating expenses — QBTS leads at 82. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — QUBT or QBTS?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

07

Is QUBT or QBTS better for a retirement portfolio?

For long-horizon retirement investors, Quantum Computing, Inc.

(QUBT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+10459% 10Y return). D-Wave Quantum Inc. (QBTS) carries a higher beta of 3. 48 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (QUBT: +10459%, QBTS: +134. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between QUBT and QBTS?

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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  • Market Cap > $100B
  • Revenue Growth > 109%
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QBTS

High-Growth Disruptor

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 9%
  • Gross Margin > 49%
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Revenue Growth>
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(QUBT: 219.4% · QBTS: 19.2%)

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