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

Europe • Euronext Milan • BIT:1QBTS • US26740W1099

15.66 EUR
-1.54 (-8.95%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to 1QBTS. 1QBTS was compared to 115 industry peers in the Software industry. 1QBTS scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. While showing a medium growth rate, 1QBTS is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year 1QBTS has reported negative net income.
  • In the past year 1QBTS has reported a negative cash flow from operations.
  • 1QBTS had negative earnings in each of the past 5 years.
  • 1QBTS had a negative operating cash flow in each of the past 5 years.
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

  • The Return On Assets of 1QBTS (-46.06%) is worse than 91.30% of its industry peers.
  • With a Return On Equity value of -59.48%, 1QBTS is not doing good in the industry: 86.09% of the companies in the same industry are doing better.
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

  • 1QBTS has a Gross Margin of 82.82%. This is in the better half of the industry: 1QBTS outperforms 73.04% of its industry peers.
  • In the last couple of years the Gross Margin of 1QBTS has declined.
  • The Profit Margin and Operating Margin are not available for 1QBTS so they could not be analyzed.
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.
  • The number of shares outstanding for 1QBTS has been increased compared to 1 year ago.
  • Compared to 1 year ago, 1QBTS has an improved debt to assets ratio.
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

  • 1QBTS has an Altman-Z score of 21.91. This indicates that 1QBTS is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of 1QBTS (21.91) is better than 96.52% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that 1QBTS is not too dependend on debt financing.
  • 1QBTS's Debt to Equity ratio of 0.05 is fine compared to the rest of the industry. 1QBTS outperforms 79.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Altman-Z 21.91
ROIC/WACCN/A
WACC11.16%
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

  • A Current Ratio of 54.68 indicates that 1QBTS has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 54.68, 1QBTS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • 1QBTS has a Quick Ratio of 54.49. This indicates that 1QBTS is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of 1QBTS (54.49) is better than 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

6

3. Growth

3.1 Past

  • 1QBTS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.24%, which is quite impressive.
  • Looking at the last year, 1QBTS shows a very strong growth in Revenue. The Revenue has grown by 156.20%.
  • The Revenue has been growing by 12.02% on average over the past years. This is quite good.
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

  • 1QBTS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.62% yearly.
  • 1QBTS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 94.14% yearly.
EPS Next Y33.43%
EPS Next 2Y13.83%
EPS Next 3Y11.45%
EPS Next 5Y10.62%
Revenue Next Year184.77%
Revenue Next 2Y108.42%
Revenue Next 3Y111.1%
Revenue Next 5Y94.14%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 -80

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 2Y13.83%
EPS Next 3Y11.45%

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 (2/5/2026, 7:00:00 PM)

15.66

-1.54 (-8.95%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-06
Earnings (Next)N/A
Inst Owners52.76%
Inst Owner ChangeN/A
Ins Owners0.48%
Ins Owner ChangeN/A
Market Cap5.48B
Revenue(TTM)24.14M
Net Income(TTM)-398.81M
Analysts81.9
Price Target32.74 (109.07%)
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)1.99%
PT rev (3m)25.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.96%
EPS NY rev (1m)-2.37%
EPS NY rev (3m)0.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)9.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.43%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 268.42
P/FCF N/A
P/OCF N/A
P/B 9.66
P/tB 9.68
EV/EBITDA N/A
EPS(TTM)-0.18
EYN/A
EPS(NY)-0.21
Fwd EYN/A
FCF(TTM)-0.13
FCFYN/A
OCF(TTM)-0.12
OCFYN/A
SpS0.06
BVpS1.62
TBVpS1.62
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 21.91
F-Score5
WACC11.16%
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 Y33.43%
EPS Next 2Y13.83%
EPS Next 3Y11.45%
EPS Next 5Y10.62%
Revenue 1Y (TTM)156.2%
Revenue growth 3Y12.02%
Revenue growth 5YN/A
Sales Q2Q%99.95%
Revenue Next Year184.77%
Revenue Next 2Y108.42%
Revenue Next 3Y111.1%
Revenue Next 5Y94.14%
EBIT growth 1Y-16.63%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-30.5%
EBIT Next 3Y-4.94%
EBIT Next 5Y14.68%
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.