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

D-Wave Quantum Inc.

NYSE
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Quantum Computing Inc.

NASDAQ
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TLDR: Quick Comparison Summary

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

View Metrics Details

Vital Metrics Comparison

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

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

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QBTS
QUBT

Performance Comparison

Short-term Returns

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

Long-term Returns

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

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

MetricQBTSQUBT
Market Information
Market Cap i$7.14B$2.03B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i43,692,14419,700,879
90 Day Avg. Volume i28,171,35112,613,256
Last Close$26.26$11.10
52 Week Range$12.75 - $46.75$6.18 - $25.84
% from 52W High-43.83%-57.04%
All-Time High$46.75 (Oct 15, 2025)$5,000.00 (Mar 12, 2007)
% from All-Time High-43.83%-99.78%
Growth Metrics
Quarterly Revenue Growth0.19%2.19%
Quarterly Earnings Growth0.19%2.19%
Financial Health
Profit Margin (TTM) i0.83%0.10%
Operating Margin (TTM) i-12.66%-112.20%
Return on Equity (TTM) i-0.78%-0.02%
Debt to Equity (MRQ) i5.100.16
Cash & Liquidity
Book Value per Share (MRQ)$2.38$7.13
Cash per Share (MRQ)$2.39$4.98
Operating Cash Flow (TTM) i$-71,982,000$-30,294,000
Levered Free Cash Flow (TTM) i$-57,992,124$-35,500,752
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

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

MetricQBTS (Apr 24, 2026)QUBT (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i-17.39-82.64
Forward P/E i-57.41-34.00
PEG Ratio i0.26-34.00
Price to Sales (TTM) i319.563,246.26
Price to Book (MRQ) i8.941.38
Market Capitalization
Market Capitalization i$7.14B$2.03B
Enterprise Value i$7.02B$1.10B
Enterprise Value Metrics
Enterprise to Revenue i285.351,611.76
Enterprise to EBITDA i-71.01-23.55
Risk & Other Metrics
Beta i1.773.67
Book Value per Share (MRQ) i$2.38$7.13

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

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricQBTS (2025)QUBT (2025)
Revenue/Sales i24.59M682,000
Cost of Goods Sold i4.28M615,000
COGS % of Revenue i17.4%90.2%
Gross Profit i20.31M67,000
Gross Margin i82.6%9.8%
Research & Development i50.73M20.47M
Operating Income (EBIT) i-100.37M-51.08M
Operating Margin i-408.2%-7,489.3%
EBITDA i-78.04M-25.42M
EBITDA Margin i-317.4%-3,726.7%
Pre-Tax Income i-355.06M-18.67M
Pre-Tax Income % of Revenue i-1,444.1%-2,738.1%
Income Tax iN/A0
Income Tax % of Revenue i0.0%0.0%
Net Income (Profit) i-355.06M-18.67M
Profit Margin i-1,444.1%-2,738.1%

Balance Sheet & Liquidity Metrics

MetricQBTS (2025)QUBT (2025)
Cash & Equivalents i635.35M737.88M
Total Current Assets i896.23M1.13B
Total Current Assets % of Revenue i3,645.1%166,234.6%
Total Current Liabilities i21.15M11.07M
Total Current Liabilities % of Revenue i86.0%1,623.8%
Long-Term Debt i41.88M1.81M
Long-Term Debt % of Revenue i170.3%265.1%
Total Shareholders Equity i852.23M1.60B
Retained Earnings i-982.00M-219.16M
Retained Earnings % of Revenue i-3,994.0%-32,134.3%
Property, Plant & Equipment i7.56M2.39M

Cash Flow Statement Comparison

MetricQBTS (2025)QUBT (2025)
Operating Cash Flow i-350.88M-14.76M
Operating Cash Flow % of Revenue i-1,427.1%-2,163.8%
Capital Expenditures i-3.86M-6.69M
Free Cash Flow i-76.29M-36.98M
FCF Margin i-310.3%-5,422.9%
Debt Repayment i-365,000N/A
Common Stock Repurchase iN/A0

Short Interest & Institutional Ownership Analysis

MetricQBTSQUBT
Shares Short i58.77M57.19M
Short Ratio i2.685.41
Short % of Float i16.41%28.60%
Shares Outstanding i358.74M224.17M
Float Shares i360.00M199.54M
% Held by Insiders i1.15%11.15%
% Held by Institutions i45.96%43.48%
% Held by Public i52.89%45.37%

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

MetricQBTSQUBT
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