D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.

Geordie Rose

Eric Ladizinsky

D-Wave Quantum Inc.

Spectral Capital Corporation is a publicly traded technology accelerator specializing in the quantum computing sector. It provides venture building services to quantum computing companies and focuses on guiding development and innovation through an artificial intelligence platform and industry advisors.

Metric
Company Name	D-Wave Quantum Inc.	Spectral Capital Corporation
Symbol	QBTS
MSH ID	COM:DWAVESYS	COM:SPECTRALCAPITAL
Market	STOCKS	STOCKS
Sector	Technology	Technology
Industry	Computer Hardware	Quantum Computing
Country	CA	US
Stage		Post-IPO Equity
Employee Count	200
Website	dwavesys.com	spectralcapital.com
LinkedIn
Founders

Metric
Market Cap	154.18M
Enterprise Value
Monthly Web Traffic		88
Web Traffic Growth		-0.28
Valuation
Raised Capital		15M

Metric
Revenue	8.76M
Revenue (LTM)
Revenue (NTM)
Gross Profit	4.62M
EBITDA	-78.70M
Operating Income	-80.55M
Net Income	-82.72M
EPS	-0.60
Diluted EPS	-0.60
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.65
Operating Profit Margin	-7.05
EBITDA Margin	-8.99
Net Profit Margin	-6.62
Return on Equity	9.43
Return on Assets	-1.08
Return on Capital Employed	-1.67

COM:DWAVESYS

D-Wave Systems Inc

Last Close

1.97

22/11 21:00

Market Cap

154.18M

Beta: -

Volume Today

1.74M

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-1.53
P/B Ratio	13.33
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	26.54
EV Multiple	-0.81

Metric
Days Sales Outstanding	33.77
Days Payables Outstanding	129.54
Days Inventory Outstanding	217.18
Operating Cycle	273.83
Cash Conversion Cycle	166.31
Asset Turnover	0.20

Metric
Operating Cash Flow	-60.65M
Free Cash Flow	-61.23M
Cash Flow to Debt	-0.89
Operating Cash Flow/Sales	-5.75
Free Cash Flow Yield	-0.57

Metric
Cash & Equivalents	41.31M
Accounts Receivable	-818K
Inventory	2.08M
Goodwill
Debt to Capitalization	2.32
Debt to Assets	0.66
Current Ratio	1.34
Quick Ratio	3.83

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	2.77
R&D to Revenue	4.98
SG&A to Revenue	4.35