Quantum Computing [QUBT] vs D-Wave Quantum [QBTS] Detailed Stock Comparison

Quantum Computing Inc.

NASDAQ
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D-Wave Quantum Inc.

NYSE
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TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: Quantum Computing Inc. wins in 7 metrics, D-Wave Quantum Inc. wins in 12 metrics, with 0 ties. D-Wave Quantum Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Quantum Computing Inc. D-Wave Quantum Inc. Better
P/E Ratio (TTM) -82.64 -17.39 D-Wave Quantum Inc.
Price-to-Book Ratio 1.38 8.94 Quantum Computing Inc.
Debt-to-Equity Ratio 0.16 5.10 Quantum Computing Inc.
PEG Ratio -34.00 0.26 D-Wave Quantum Inc.
EV/EBITDA -23.55 -71.01 Quantum Computing Inc.
Profit Margin (TTM) 9.82% 82.59% D-Wave Quantum Inc.
Operating Margin (TTM) -11,220.20% -1,265.95% D-Wave Quantum Inc.
Return on Equity -2.19% -77.62% Quantum Computing Inc.
Return on Assets (TTM) -3.60% -11.24% Quantum Computing Inc.
Free Cash Flow (TTM) $-36.98M $-76.29M Quantum Computing Inc.
1-Year Return -40.47% 54.05% D-Wave Quantum Inc.
Price-to-Sales Ratio (TTM) 3,246.26 319.56 D-Wave Quantum Inc.
Enterprise Value $1.10B $7.02B D-Wave Quantum Inc.
EV/Revenue Ratio 1,611.76 285.35 D-Wave Quantum Inc.
Gross Profit Margin (TTM) -49.49% 64.83% D-Wave Quantum Inc.
Revenue per Share (TTM) $0 $0 D-Wave Quantum Inc.
Earnings per Share (Diluted) $-0.11 $-1.11 Quantum Computing Inc.
Beta (Stock Volatility) 3.67 1.77 D-Wave Quantum Inc.
Short % of Float 28.60% 16.41% D-Wave Quantum Inc.

Quantum Computing Inc. vs D-Wave Quantum Inc. Stock Performance Analysis

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QUBT
QBTS

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Quantum Computing Inc.11.78%6.22%5.61%50.61%1.74%0.82%
D-Wave Quantum Inc.12.37%1.66%29.04%50.40%10.61%-6.65%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Quantum Computing Inc.-40.47%484.12%60.42%4,865.00%7.93%-99.75%
D-Wave Quantum Inc.54.05%1,143.09%135.82%130.25%130.25%130.25%

Performance & Financial Health Analysis: Quantum Computing Inc. vs D-Wave Quantum Inc.

MetricQUBTQBTS
Market Information
Market Cap i$2.03B$7.14B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i19,700,87943,692,144
90 Day Avg. Volume i12,613,25628,171,351
Last Close$11.10$26.26
52 Week Range$6.18 - $25.84$12.75 - $46.75
% from 52W High-57.04%-43.83%
All-Time High$5,000.00 (Mar 12, 2007)$46.75 (Oct 15, 2025)
% from All-Time High-99.78%-43.83%
Growth Metrics
Quarterly Revenue Growth2.19%0.19%
Quarterly Earnings Growth2.19%0.19%
Financial Health
Profit Margin (TTM) i0.10%0.83%
Operating Margin (TTM) i-112.20%-12.66%
Return on Equity (TTM) i-0.02%-0.78%
Debt to Equity (MRQ) i0.165.10
Cash & Liquidity
Book Value per Share (MRQ)$7.13$2.38
Cash per Share (MRQ)$4.98$2.39
Operating Cash Flow (TTM) i$-30,294,000$-71,982,000
Levered Free Cash Flow (TTM) i$-35,500,752$-57,992,124
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: Quantum Computing Inc. vs D-Wave Quantum Inc.

MetricQUBT (Apr 24, 2026)QBTS (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i-82.64-17.39
Forward P/E i-34.00-57.41
PEG Ratio i-34.000.26
Price to Sales (TTM) i3,246.26319.56
Price to Book (MRQ) i1.388.94
Market Capitalization
Market Capitalization i$2.03B$7.14B
Enterprise Value i$1.10B$7.02B
Enterprise Value Metrics
Enterprise to Revenue i1,611.76285.35
Enterprise to EBITDA i-23.55-71.01
Risk & Other Metrics
Beta i3.671.77
Book Value per Share (MRQ) i$7.13$2.38

Financial Statements Comparison: Quantum Computing Inc. vs D-Wave Quantum Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricQUBT (2025)QBTS (2025)
Revenue/Sales i682,00024.59M
Cost of Goods Sold i615,0004.28M
COGS % of Revenue i90.2%17.4%
Gross Profit i67,00020.31M
Gross Margin i9.8%82.6%
Research & Development i20.47M50.73M
Operating Income (EBIT) i-51.08M-100.37M
Operating Margin i-7,489.3%-408.2%
EBITDA i-25.42M-78.04M
EBITDA Margin i-3,726.7%-317.4%
Pre-Tax Income i-18.67M-355.06M
Pre-Tax Income % of Revenue i-2,738.1%-1,444.1%
Income Tax i0N/A
Income Tax % of Revenue i0.0%0.0%
Net Income (Profit) i-18.67M-355.06M
Profit Margin i-2,738.1%-1,444.1%

Balance Sheet & Liquidity Metrics

MetricQUBT (2025)QBTS (2025)
Cash & Equivalents i737.88M635.35M
Total Current Assets i1.13B896.23M
Total Current Assets % of Revenue i166,234.6%3,645.1%
Total Current Liabilities i11.07M21.15M
Total Current Liabilities % of Revenue i1,623.8%86.0%
Long-Term Debt i1.81M41.88M
Long-Term Debt % of Revenue i265.1%170.3%
Total Shareholders Equity i1.60B852.23M
Retained Earnings i-219.16M-982.00M
Retained Earnings % of Revenue i-32,134.3%-3,994.0%
Property, Plant & Equipment i2.39M7.56M

Cash Flow Statement Comparison

MetricQUBT (2025)QBTS (2025)
Operating Cash Flow i-14.76M-350.88M
Operating Cash Flow % of Revenue i-2,163.8%-1,427.1%
Capital Expenditures i-6.69M-3.86M
Free Cash Flow i-36.98M-76.29M
FCF Margin i-5,422.9%-310.3%
Debt Repayment iN/A-365,000
Common Stock Repurchase i0N/A

Short Interest & Institutional Ownership Analysis

MetricQUBTQBTS
Shares Short i57.19M58.77M
Short Ratio i5.412.68
Short % of Float i28.60%16.41%
Shares Outstanding i224.17M358.74M
Float Shares i199.54M360.00M
% Held by Insiders i11.15%1.15%
% Held by Institutions i43.48%45.96%
% Held by Public i45.37%52.89%

Dividend Analysis & Yield Comparison: Quantum Computing Inc. vs D-Wave Quantum Inc.

MetricQUBTQBTS
Last 12-Month Dividend iN/AN/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/AN/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/AN/A
Ex-Dividend DateN/AN/A