D-WAVE QUANTUM INC (1QBTS.MI) Stock Fundamental Analysis

BIT:1QBTS • US26740W1099

15.685 EUR
-2.01 (-11.38%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

Overall 1QBTS gets a fundamental rating of 3 out of 10. We evaluated 1QBTS against 116 industry peers in the Software industry. The financial health of 1QBTS is average, but there are quite some concerns on its profitability. 1QBTS is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year 1QBTS has reported negative net income.
  • 1QBTS had a negative operating cash flow in the past year.
  • 1QBTS had negative earnings in each of the past 5 years.
  • In the past 5 years 1QBTS always reported negative operating cash flow.
1QBTS.MI Yearly Net Income VS EBIT VS OCF VS FCF1QBTS.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 -50M -100M

1.2 Ratios

  • With a Return On Assets value of -46.06%, 1QBTS is not doing good in the industry: 88.79% of the companies in the same industry are doing better.
  • 1QBTS's Return On Equity of -59.48% is on the low side compared to the rest of the industry. 1QBTS is outperformed by 84.48% of its industry peers.
Industry RankSector Rank
ROA -46.06%
ROE -59.48%
ROIC N/A
ROA(3y)-136.88%
ROA(5y)-119.19%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1QBTS.MI Yearly ROA, ROE, ROIC1QBTS.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 200 -200

1.3 Margins

  • With a decent Gross Margin value of 82.82%, 1QBTS is doing good in the industry, outperforming 70.69% of the companies in the same industry.
  • In the last couple of years the Gross Margin of 1QBTS has declined.
  • 1QBTS does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 82.82%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.4%
GM growth 5YN/A
1QBTS.MI Yearly Profit, Operating, Gross Margins1QBTS.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -500 -1K -1.5K

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • 1QBTS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • 1QBTS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
1QBTS.MI Yearly Shares Outstanding1QBTS.MI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
1QBTS.MI Yearly Total Debt VS Total Assets1QBTS.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

  • An Altman-Z score of 20.37 indicates that 1QBTS is not in any danger for bankruptcy at the moment.
  • 1QBTS's Altman-Z score of 20.37 is amongst the best of the industry. 1QBTS outperforms 98.28% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that 1QBTS is not too dependend on debt financing.
  • 1QBTS has a better Debt to Equity ratio (0.05) than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Altman-Z 20.37
ROIC/WACCN/A
WACC10.89%
1QBTS.MI Yearly LT Debt VS Equity VS FCF1QBTS.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M -60M

2.3 Liquidity

  • 1QBTS has a Current Ratio of 54.68. This indicates that 1QBTS is financially healthy and has no problem in meeting its short term obligations.
  • 1QBTS's Current ratio of 54.68 is amongst the best of the industry. 1QBTS outperforms 100.00% of its industry peers.
  • A Quick Ratio of 54.49 indicates that 1QBTS has no problem at all paying its short term obligations.
  • 1QBTS has a Quick ratio of 54.49. This is amongst the best in the industry. 1QBTS outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 54.68
Quick Ratio 54.49
1QBTS.MI Yearly Current Assets VS Current Liabilites1QBTS.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • 1QBTS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.78%, which is quite impressive.
EPS 1Y (TTM)21.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.1%

3.2 Future

  • 1QBTS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.00% yearly.
  • 1QBTS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 87.72% yearly.
EPS Next Y10.12%
EPS Next 2Y9.27%
EPS Next 3Y10.92%
EPS Next 5Y19%
Revenue Next Year60.06%
Revenue Next 2Y83.44%
Revenue Next 3Y63.42%
Revenue Next 5Y87.72%

3.3 Evolution

1QBTS.MI Yearly Revenue VS Estimates1QBTS.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M
1QBTS.MI Yearly EPS VS Estimates1QBTS.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -0.2 -0.4 -0.6

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Find the best growth stocksShow best growing peers

0

4. Valuation

4.1 Price/Earnings Ratio

  • 1QBTS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for 1QBTS. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
1QBTS.MI Price Earnings VS Forward Price Earnings1QBTS.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40 -60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
1QBTS.MI Per share data1QBTS.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.27%
EPS Next 3Y10.92%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for 1QBTS!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

D-WAVE QUANTUM INC

BIT:1QBTS (3/2/2026, 7:00:00 PM)

15.685

-2.01 (-11.38%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-26
Earnings (Next)05-04
Inst Owners52.76%
Inst Owner ChangeN/A
Ins Owners0.48%
Ins Owner ChangeN/A
Market Cap5.85B
Revenue(TTM)N/A
Net Income(TTM)-398.81M
Analysts81.9
Price Target34.13 (117.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-18.07%
Min EPS beat(2)-63.4%
Max EPS beat(2)27.25%
EPS beat(4)3
Avg EPS beat(4)2.8%
Min EPS beat(4)-63.4%
Max EPS beat(4)33.03%
EPS beat(8)5
Avg EPS beat(8)-1.25%
EPS beat(12)6
Avg EPS beat(12)-8.79%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)20.59%
Min Revenue beat(2)20.33%
Max Revenue beat(2)20.85%
Revenue beat(4)3
Avg Revenue beat(4)18.96%
Min Revenue beat(4)-4.07%
Max Revenue beat(4)38.73%
Revenue beat(8)3
Avg Revenue beat(8)-4.64%
Revenue beat(12)3
Avg Revenue beat(12)-9.3%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.25%
PT rev (3m)-1.64%
EPS NQ rev (1m)-3.22%
EPS NQ rev (3m)-4.08%
EPS NY rev (1m)-2.07%
EPS NY rev (3m)-1.83%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)6.81%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)4.49%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 283.47
P/FCF N/A
P/OCF N/A
P/B 10.21
P/tB 10.22
EV/EBITDA N/A
EPS(TTM)-0.23
EYN/A
EPS(NY)-0.21
Fwd EYN/A
FCF(TTM)-0.13
FCFYN/A
OCF(TTM)-0.12
OCFYN/A
SpS0.06
BVpS1.54
TBVpS1.53
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -46.06%
ROE -59.48%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 82.82%
FCFM N/A
ROA(3y)-136.88%
ROA(5y)-119.19%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.4%
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 225.38%
Cap/Sales 13.06%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 54.68
Quick Ratio 54.49
Altman-Z 20.37
F-Score5
WACC10.89%
ROIC/WACCN/A
Cap/Depr(3y)94.89%
Cap/Depr(5y)91.36%
Cap/Sales(3y)12.66%
Cap/Sales(5y)17.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)21.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y10.12%
EPS Next 2Y9.27%
EPS Next 3Y10.92%
EPS Next 5Y19%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.1%
Revenue Next Year60.06%
Revenue Next 2Y83.44%
Revenue Next 3Y63.42%
Revenue Next 5Y87.72%
EBIT growth 1Y-16.63%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-31.31%
EBIT Next 3Y-5.43%
EBIT Next 5Y14.91%
FCF growth 1Y4.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.16%
OCF growth 3YN/A
OCF growth 5YN/A

D-WAVE QUANTUM INC / 1QBTS.MI FAQ

What is the ChartMill fundamental rating of D-WAVE QUANTUM INC (1QBTS.MI) stock?

ChartMill assigns a fundamental rating of 3 / 10 to 1QBTS.MI.


Can you provide the valuation status for D-WAVE QUANTUM INC?

ChartMill assigns a valuation rating of 0 / 10 to D-WAVE QUANTUM INC (1QBTS.MI). This can be considered as Overvalued.


What is the profitability of 1QBTS stock?

D-WAVE QUANTUM INC (1QBTS.MI) has a profitability rating of 1 / 10.


Can you provide the financial health for 1QBTS stock?

The financial health rating of D-WAVE QUANTUM INC (1QBTS.MI) is 6 / 10.