| Name | Market Cap | Current Price | P/E Ratio | Revenue Growth 1Y | Net Margin | ROE | FCF Yield | Debt/Equity |
|---|---|---|---|---|---|---|---|---|
| RGTIRigetti Computing, Inc. | 8.15B | 24.70 | -22.66 | -10.14% | -46.83% | -94.39% | 0.07 | |
| IONQIonQ, Inc. | 16.85B | 47.56 | -30.49 | 95.41% | -18.36% | -64.08% | 0.05 | |
| QBTSD-Wave Quantum Inc. | 10.3B | 28.72 | -38.29 | 0.79% | -16.52% | -59.48% | 0.61 |
| Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|
| Sales/Revenue | 5.16M | 6.28M | 7.17M | 8.76M | 8.83M |
| Revenue Growth % | - | 0.22% | 0.14% | 0.22% | 0.01% |
| Cost of Goods Sold | 915K | 1.75M | 2.92M | 4.14M | 3.26M |
| COGS % of Revenue | 0.18% | 0.28% | 0.41% | 0.47% | 0.37% |
| Gross Profit | 4.25M | 4.53M | 4.25M | 4.62M | 5.56M |
| Gross Margin % | 0.82% | 0.72% | 0.59% | 0.53% | 0.63% |
| Gross Profit Growth % | - | 0.07% | -0.06% | 0.09% | 0.2% |
| Operating Expenses | 35.71M | 43.48M | 63.71M | 85.17M | 82.79M |
| OpEx % of Revenue | 6.92% | 6.92% | 8.88% | 9.72% | 9.38% |
| Selling, General & Admin | 15.3M | 18.08M | 31.61M | 47.29M | 47.49M |
| SG&A % of Revenue | 2.97% | 2.88% | 4.41% | 5.4% | 5.38% |
| Research & Development | 20.41M | 25.4M | 32.1M | 37.88M | 35.3M |
| R&D % of Revenue | 3.96% | 4.05% | 4.48% | 4.32% | 4% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -31.47M | -38.95M | -59.46M | -80.55M | -77.22M |
| Operating Margin % | -6.1% | -6.2% | -8.29% | -9.2% | -8.75% |
| Operating Income Growth % | - | -0.24% | -0.53% | -0.35% | 0.04% |
| EBITDA | -28.74M | -36.35M | -57.13M | -78.7M | -75.29M |
| EBITDA Margin % | -5.57% | -5.79% | -7.96% | -8.99% | -8.53% |
| EBITDA Growth % | - | -0.26% | -0.57% | -0.38% | 0.04% |
| D&A (Non-Cash Add-back) | 2.73M | 2.6M | 2.33M | 1.84M | 1.93M |
| EBIT | -16.79M | -36.96M | -51.37M | -82.68M | -139.98M |
| Net Interest Income | -5.18M | -4.01M | -2.33M | -2.15M | -3.9M |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 5.18M | 4.01M | 2.33M | 2.15M | 3.9M |
| Other Income/Expense | 9.5M | -2.02M | 5.76M | -2.17M | -66.66M |
| Pretax Income | -21.97M | -40.97M | -53.7M | -82.72M | -143.88M |
| Pretax Margin % | -4.26% | -6.53% | -7.49% | -9.44% | -16.3% |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 1% | 1% | 1% | 1% | 1% |
| Net Income | -21.97M | -40.97M | -53.7M | -82.72M | -143.88M |
| Net Margin % | -4.26% | -6.53% | -7.49% | -9.44% | -16.3% |
| Net Income Growth % | - | -0.87% | -0.31% | -0.54% | -0.74% |
| Net Income (Continuing) | -21.97M | -40.97M | -53.7M | -82.72M | -143.88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.20 | -0.33 | -0.45 | -0.60 | -0.75 |
| EPS Growth % | - | -0.65% | -0.36% | -0.33% | -0.25% |
| EPS (Basic) | -0.20 | -0.33 | -0.45 | -0.60 | -0.75 |
| Diluted Shares Outstanding | 109.74M | 125.34M | 119.65M | 137.99M | 192.13M |
| Basic Shares Outstanding | 109.74M | 125.34M | 119.65M | 137.99M | 192.13M |
| Dividend Payout Ratio | - | - | - | - | - |
| Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|
| Total Current Assets | 41.28M | 16.02M | 13.93M | 47.05M | 185.04M |
| Cash & Short-Term Investments | 21.34M | 9.48M | 7.07M | 41.31M | 177.98M |
| Cash Only | 21.34M | 9.48M | 7.07M | 41.31M | 177.98M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 16.18M | 2.07M | 1.08M | 1.65M | 1.42M |
| Days Sales Outstanding | 1.14K | 120.33 | 54.91 | 68.85 | 58.72 |
| Inventory | 2.52M | 2.11M | 2.2M | 2.08M | 1.69M |
| Days Inventory Outstanding | 1.01K | 440.92 | 274.22 | 183.38 | 188.54 |
| Other Current Assets | 0 | 1.41M | 1.54M | 440K | 1.59M |
| Total Non-Current Assets | 6.18M | 13.45M | 13.02M | 12.31M | 14.81M |
| Property, Plant & Equipment | 5.84M | 11.83M | 11.43M | 10.77M | 11.39M |
| Fixed Asset Turnover | 0.88x | 0.53x | 0.63x | 0.81x | 0.77x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 148K | 272K | 244K | 179K | 490K |
| Long-Term Investments | 5K | 1.17M | 1.17M | 1.17M | 2.57M |
| Other Non-Current Assets | 182K | 184K | 183K | 189K | 355K |
| Total Assets | 47.46M | 29.47M | 26.95M | 59.36M | 199.85M |
| Asset Turnover | 0.11x | 0.21x | 0.27x | 0.15x | 0.04x |
| Asset Growth % | - | -0.38% | -0.09% | 1.2% | 2.37% |
| Total Current Liabilities | 11.97M | 10.45M | 16.04M | 11.25M | 30.14M |
| Accounts Payable | 2.18M | 2.11M | 3.76M | 1.47M | 815K |
| Days Payables Outstanding | 868.02 | 439.88 | 469.02 | 129.29 | 91.14 |
| Short-Term Debt | 355K | 432K | 2.28M | 399K | 348K |
| Deferred Revenue (Current) | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Liabilities | 1.21M | 1.11M | 1.64M | 3.25M | 5.5M |
| Current Ratio | 3.45x | 1.53x | 0.87x | 4.18x | 6.14x |
| Quick Ratio | 3.24x | 1.33x | 0.73x | 4.00x | 6.08x |
| Cash Conversion Cycle | 1.28K | 121.37 | -139.89 | 122.95 | 156.12 |
| Total Non-Current Liabilities | 2.76M | 37.38M | 40.37M | 72.59M | 107.06M |
| Long-Term Debt | 1.32M | 30.31M | 31.17M | 63.85M | 30.13M |
| Capital Lease Obligations | 1.44M | 6.99M | 7.3M | 7.03M | 6.39M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 18K | 1.89M | 1.63M | 69.88M |
| Total Liabilities | 14.73M | 47.82M | 56.41M | 83.84M | 137.21M |
| Total Debt | 4.66M | 39.42M | 42.28M | 72.65M | 38.38M |
| Net Debt | -16.68M | 29.94M | 35.22M | 31.34M | -139.6M |
| Debt / Equity | 0.14x | - | - | - | 0.61x |
| Debt / EBITDA | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - |
| Interest Coverage | -6.08x | -9.71x | -25.46x | -37.38x | -19.82x |
| Total Equity | 32.73M | -18.36M | -29.46M | -24.48M | 62.65M |
| Equity Growth % | - | -1.56% | -0.61% | 0.17% | 3.56% |
| Book Value per Share | 0.30 | -0.15 | -0.25 | -0.18 | 0.33 |
| Total Shareholders' Equity | 32.73M | -18.36M | -29.46M | -24.48M | 62.65M |
| Common Stock | 2.49M | 0 | 11K | 16K | 27K |
| Retained Earnings | -293.72M | -346.64M | -400.35M | -483.06M | -626.94M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -10.46M | -10.44M | -10.4M | -10.52M | -10.51M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|
| Cash from Operations | -29.29M | -34.8M | -45.23M | -60.65M | -42.64M |
| Operating CF Margin % | -5.68% | -5.54% | -6.31% | -6.92% | -4.83% |
| Operating CF Growth % | - | -0.19% | -0.3% | -0.34% | 0.3% |
| Net Income | -21.97M | -40.97M | -53.7M | -82.72M | -143.88M |
| Depreciation & Amortization | 2.73M | 2.6M | 2.33M | 1.84M | 1.93M |
| Stock-Based Compensation | 2.99M | 1.74M | 9.16M | 21.92M | 15.66M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -5.95M | 3.02M | -6.04M | 1M | 62.78M |
| Working Capital Changes | -7.09M | -1.19M | 3.02M | -2.7M | 20.86M |
| Change in Receivables | -1.05M | 2.4M | 995K | -554K | 137K |
| Change in Inventory | -652K | 182K | -148K | -237K | -215K |
| Change in Payables | 1.28M | -379K | 3.6M | -2.61M | -570K |
| Cash from Investing | -789K | -2M | -498K | -630K | -3.14M |
| Capital Expenditures | -736K | -1.77M | -423K | -583K | -2.11M |
| CapEx % of Revenue | 0.14% | 0.28% | 0.06% | 0.07% | 0.24% |
| Acquisitions | - | - | - | - | - |
| Investments | - | - | - | - | - |
| Other Investing | -53K | -225K | -75K | -47K | -289K |
| Cash from Financing | 43.14M | 24.91M | 43.27M | 95.64M | 182.45M |
| Debt Issued (Net) | - | - | - | - | - |
| Equity Issued (Net) | - | - | - | - | - |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | - | - | - | - | - |
| Other Financing | -535K | 25.23M | 5.17M | 5.21M | -1.37M |
| Net Change in Cash | - | - | - | - | - |
| Free Cash Flow | -30.08M | -36.8M | -45.72M | -61.28M | -44.75M |
| FCF Margin % | -5.83% | -5.86% | -6.37% | -7% | -5.07% |
| FCF Growth % | - | -0.22% | -0.24% | -0.34% | 0.27% |
| FCF per Share | -0.27 | -0.29 | -0.38 | -0.44 | -0.23 |
| FCF Conversion (FCF/Net Income) | 1.33x | 0.85x | 0.84x | 0.73x | 0.30x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Return on Equity (ROE) | -67.12% | -570.14% | - | - | -753.98% |
| Return on Invested Capital (ROIC) | - | -211.38% | -514.31% | -957.36% | - |
| Gross Margin | 82.27% | 72.13% | 59.25% | 52.77% | 63.02% |
| Net Margin | -425.72% | -652.54% | -748.67% | -944.45% | -1629.99% |
| Debt / Equity | 0.14x | - | - | - | 0.61x |
| Interest Coverage | -6.08x | -9.71x | -25.46x | -37.38x | -19.82x |
| FCF Conversion | 1.33x | 0.85x | 0.84x | 0.73x | 0.30x |
| Revenue Growth | - | 21.69% | 14.24% | 22.1% | 0.79% |
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Professional Services | 1.48M | 3.82M | 1.94M |
| Professional Services Growth | - | 158.19% | -49.21% |
| Product and Service, Other | 79K | 47K | 144K |
| Product and Service, Other Growth | - | -40.51% | 206.38% |
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Other Geographical Areas | 1.44M | 3.26M | 2.55M |
| Other Geographical Areas Growth | - | 126.11% | -21.74% |
| UNITED STATES | 3.34M | 3.33M | 2.15M |
| UNITED STATES Growth | - | -0.51% | -35.31% |
| GERMANY | 1.15M | 1.27M | 1.89M |
| GERMANY Growth | - | 10.26% | 49.37% |
| JAPAN | 1.24M | 909K | 1.13M |
| JAPAN Growth | - | -26.75% | 24.64% |
| CANADA | - | - | 1.1M |
| CANADA Growth | - | - | - |
D-Wave Quantum Inc. (QBTS) reported $24.1M in revenue for fiscal year 2024. This represents a 368% increase from $5.2M in 2020.
D-Wave Quantum Inc. (QBTS) grew revenue by 0.8% over the past year. Growth has been modest.
D-Wave Quantum Inc. (QBTS) reported a net loss of $398.8M for fiscal year 2024.
D-Wave Quantum Inc. (QBTS) has a return on equity (ROE) of -754.0%. Negative ROE indicates the company is unprofitable.
D-Wave Quantum Inc. (QBTS) had negative free cash flow of $54.8M in fiscal year 2024, likely due to heavy capital investments.