My HappyStock
Log in to track your learning progress.
US Companies
Find my preferred stocks →Compare companies across six criteria and explore businesses that fit your priorities.

D-Wave Quantum Inc. (QBTS)
Average score 5.3 F
Preference —
D-Wave Quantum Inc.; official corporate brand image; all trademark and copyright rights reserved
Six company scores
Cloud adoption and bookings grow; sales remain lumpy
Heavy research spending sustains deep operating losses
Large cash reserves, but persistent cash burn remains
Annealing lead and an established commercial customer base
Gate-model expansion offers upside, with technical risk
Very high sales multiple despite continuing losses
Editorial scores are for education, not audited financial metrics or investment advice.
Revenue by business
- Quantum Computing as a Service (QCaaS) 60.47%
Cloud access to quantum computers via Leap
- Professional Services 30.2%
Quantum application design and technical consulting
- Quantum System Sales 8.29%
Sales and delivery of on-site quantum computers
- Other Revenue 1.04%
Support, maintenance and circuit board sales
Revenue by region
- United States 70.71%
- Japan 4.45%
- Germany 4.13%
- Canada 4.23%
- Other Countries 16.48%
Key metrics
| Revenue CAGR (5 years) | 37% |
|---|---|
| Operating income CAGR (5 years) | - |
| Net income CAGR (5 years) | - |
| Operating margin (5-year avg.) | -730% |
| ROE (5-year avg.) | - |
| ROA (5-year avg.) | -110% |
| Beta (5 years) | 2.34 |
| MDD (5 years) | -97% |
| Payout ratio (5-year avg.) | 0% |
| P/E | - |
| Forward P/E | - |
| PEG | - |