Technology
Live Price
Offline$24.69
+7.72% today
1Y Change
+75.77%
Window
Jun 23, 2025 → Jun 15, 2026
Coverage: 246 bars · Jun 23, 2025 → Jun 15, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
D-Wave Quantum Inc. (QBTS) is a Technology stock with a market cap of $7.52B and listed on NYSE. The stock last traded around $24.69 and up 75.8% across the available one-year price window (Jun 23, 2025 → Jun 15, 2026). Baseline metrics include revenue growth of +178.5%, EPS growth of -48.0%, a dividend yield of 0.0%. What stands out right now is revenue +178.5%, EPS -48.0%, free cash flow -69.5% with operating margin -408.2% and ROIC -11.2%. Valuation already assumes a fairly strong business story at price/sales 306.1. Overall, the current profile looks closer to a higher-growth but lower-margin setup than a generic broad-market placeholder. Stock Foundry combines QBTS price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Technology peers on this page.
Benchmark Comparison
Compare this ticker against a broad index, growth benchmark, or sector ETF using a shared 1Y normalization window.
QBTS
—
Normalized return
SPY
—
S&P 500
Excess Return
—
Relative to SPY
QBTS Max Drawdown
-71.01%
Trailing 1Y
SPY Max Drawdown
—
Trailing 1Y
Uses the longest available daily history for QBTS and SPY.
Financial profile
Profitability, balance sheet stamina, and cash efficiency drawn from the latest filings.
FY Revenue
$6.3M
-12.5% YoY
FY Net Income
-$41.0M
+23.7% YoY
Free Cash Flow
-$36.8M
+19.5% YoY
Revenue Growth
+178.5%
EPS Growth
-48.0%
Gross Margin
82.6%
Net Margin
-1444.1%
Income statement
USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 25M | 9M | 9M | 7M | 6M |
| Gross Profit | 20M | 6M | 5M | 4M | 5M |
| Operating Income | -100M | -77M | -81M | -59M | -39M |
| EBITDA | -349M | -138M | -81M | -49M | -34M |
| Net Income | -355M | -144M | -83M | -54M | -41M |
| EPS (Diluted) | — | — | — | — | — |
Balance sheet
USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | 635M | 178M | 41M | 7M | 9M |
| Total Assets | 916M | 200M | 59M | 27M | 29M |
| Total Liabilities | 64M | 137M | 84M | 56M | 48M |
| Shareholder Equity | 852M | 63M | -24M | -29M | -18M |
| Total Debt | 8M | 38M | 73M | 42M | 39M |
| Net Debt | -628M | -140M | 31M | 35M | 30M |
Cash flow positioning
Latest Full Year
Operating Cash Flow
35M
+23.1% YoY
Capital Expenditures
2M
-301.4% YoY
Free Cash Flow
37M
+19.5% YoY
Key ratios
Gross Margin
82.6%
Operating Margin
-408.2%
Net Margin
-1444.1%
ROE
-58.6%
Debt / Equity
0.01x
Next Step
Use the numbers to decide whether this is a growth candidate, a quality compounder, or just an interesting outlier.