1QBTS Fundamental Analysis - D-WAVE QUANTUM INC

Fundamental Rating

1QBTS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 113 industry peers in the Software industry. The financial health of 1QBTS is average, but there are quite some concerns on its profitability. While showing a medium growth rate, 1QBTS is valued expensive at the moment.

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1. Profitability

1.1 Basic Checks

1QBTS had negative earnings in the past year.

In the past year 1QBTS has reported a negative cash flow from operations.

In the past 5 years 1QBTS always reported negative net income.

In the past 5 years 1QBTS always reported negative operating cash flow.

1.2 Ratios

1QBTS has a Return On Assets of -46.06%. This is amonst the worse of the industry: 1QBTS underperforms 91.15% of its industry peers.

1QBTS has a Return On Equity of -59.48%. This is amonst the worse of the industry: 1QBTS underperforms 85.84% of its industry peers.

		Industry Rank	Sector 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

1.3 Margins

The Gross Margin of 1QBTS (82.82%) is better than 72.57% of its industry peers.

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 Rank	Sector 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

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ROA

ROE

ROIC

Operating and Profit Margin

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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 more shares outstanding than it did 1 year ago.

1QBTS has a better debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 28.14 indicates that 1QBTS is not in any danger for bankruptcy at the moment.

With an excellent Altman-Z score value of 28.14, 1QBTS belongs to the best of the industry, outperforming 97.35% of the companies in the same industry.

A Debt/Equity ratio of 0.05 indicates that 1QBTS is not too dependend on debt financing.

Looking at the Debt to Equity ratio, with a value of 0.05, 1QBTS is in the better half of the industry, outperforming 79.65% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.05
Debt/FCF	N/A
Altman-Z	28.14

ROIC/WACCN/A

WACC11%

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.

Looking at the Current ratio, with a value of 54.68, 1QBTS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.

A Quick Ratio of 54.49 indicates that 1QBTS has no problem at all paying its short term obligations.

The Quick ratio of 1QBTS (54.49) is better than 100.00% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	54.68
Quick Ratio	54.49

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 45.24% over the past year.

Looking at the last year, 1QBTS shows a very strong growth in Revenue. The Revenue has grown by 156.20%.

Measured over the past years, 1QBTS shows a quite strong growth in Revenue. The Revenue has been growing by 12.02% on average per year.

EPS 1Y (TTM)45.24%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%37.5%

Revenue 1Y (TTM)156.2%

Revenue growth 3Y12.02%

Revenue growth 5YN/A

Sales Q2Q%99.95%

3.2 Future

The Earnings Per Share is expected to grow by 12.96% on average over the next years. This is quite good.

The Revenue is expected to grow by 85.17% on average over the next years. This is a very strong growth

EPS Next Y33.75%

EPS Next 2Y15.86%

EPS Next 3Y13.35%

EPS Next 5Y12.96%

Revenue Next Year182.89%

Revenue Next 2Y110.23%

Revenue Next 3Y106.63%

Revenue Next 5Y85.17%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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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 Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

A more expensive valuation may be justified as 1QBTS's earnings are expected to grow with 13.35% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y15.86%

EPS Next 3Y13.35%

More info and screens

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5. Dividend

5.1 Amount

1QBTS does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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D-WAVE QUANTUM INC

BIT:1QBTS (12/12/2025, 7:00:00 PM)

21.7

-1.16 (-5.07%)

Chartmill FA Rating

GICS SectorInformation Technology

GICS IndustryGroupSoftware & Services

GICS IndustrySoftware

Earnings (Last)11-06 2025-11-06/bmo

Earnings (Next)N/A N/A

Inst Owners52.4%

Inst Owner ChangeN/A

Ins Owners0.48%

Ins Owner ChangeN/A

Market Cap7.60B

Revenue(TTM)24.14M

Net Income(TTM)-398.81M

Analysts80

Price Target31.57 (45.48%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

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)21.09%

PT rev (3m)N/A

EPS NQ rev (1m)2.26%

EPS NQ rev (3m)10.57%

EPS NY rev (1m)0.73%

EPS NY rev (3m)-10.19%

Revenue NQ rev (1m)2.53%

Revenue NQ rev (3m)1.97%

Revenue NY rev (1m)3.74%

Revenue NY rev (3m)4.14%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	368.61
P/FCF	N/A
P/OCF	N/A
P/B	13.27
P/tB	13.29
EV/EBITDA	N/A

EPS(TTM)-0.18

EYN/A

EPS(NY)-0.2

Fwd EYN/A

FCF(TTM)-0.13

FCFYN/A

OCF(TTM)-0.13

OCFYN/A

SpS0.06

BVpS1.63

TBVpS1.63

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector 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 Rank	Sector 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	28.14

F-Score5

WACC11%

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)45.24%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%37.5%

EPS Next Y33.75%

EPS Next 2Y15.86%

EPS Next 3Y13.35%

EPS Next 5Y12.96%

Revenue 1Y (TTM)156.2%

Revenue growth 3Y12.02%

Revenue growth 5YN/A

Sales Q2Q%99.95%

Revenue Next Year182.89%

Revenue Next 2Y110.23%

Revenue Next 3Y106.63%

Revenue Next 5Y85.17%

EBIT growth 1Y-16.63%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year-30.42%

EBIT Next 3Y-3%

EBIT Next 5Y7.51%

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.

What is the valuation status for 1QBTS stock?

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.

How financially healthy is D-WAVE QUANTUM INC?

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

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

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

More info and screens

D-WAVE QUANTUM INC / 1QBTS.MI FAQ

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

What is the valuation status for 1QBTS stock?

What is the profitability of 1QBTS stock?

How financially healthy is D-WAVE QUANTUM INC?