D-WAVE QUANTUM INC. (QBTS)

Technology · Data Services · Price $16.99
Updated: Aug 29, 2026
Revenue (TTM)
$12.4M
Trailing 12 Months
Growth Rate
20.35%
Log-Linear Regression (15Q)
Price/Sales
507.1x
Valuation Multiple
Revenue Per Share
$0.03
Sales / Shares
Gross Margin
64.19%
Pricing Power

📈 Revenue History (15 Quarters)

🧮 QBTS Revenue Breakdown

Revenue = Product Sales + Service Revenue + Other Income
Total Revenue (TTM) $12.4M
Less: Cost of Revenue $4.5M
Equals: Gross Profit $8.0M
Then: Operating Income $-170.6M
Finally: Net Income $-248.7M

Understanding Revenue

Revenue, also called sales or the "top line," represents the total income a company generates from its business activities before any costs are deducted. For QBTS, the trailing twelve month revenue is $12.4M.

Why Revenue Matters

Revenue is the foundation of all financial analysis. A company cannot have sustainable profits without revenue, and revenue growth often drives stock price appreciation. However, revenue alone doesn't tell the full story - it must be analyzed alongside profitability metrics.

QBTS's revenue growth rate of 20.35% (based on log-linear regression of 15 quarters) indicates strong growth, typical of high-growth companies.

Revenue vs Profitability Metrics

Free Cash Flow: $-102.2M →

The cash remaining after capital expenditures. High revenue with negative FCF may indicate heavy reinvestment or poor cash conversion.

Owner Earnings: $-99.9M →

Buffett's metric for true cash generation. Compares revenue's conversion to actual owner value.

Earnings Per Share: $-0.72 →

Net income per share. The bottom line result of all revenue after costs, taxes, and interest.

Net Income: $-248.7M

What remains after all expenses. Net margin shows what percentage of revenue becomes profit.

Price/Sales Ratio Analysis

QBTS's P/S ratio of 507.1x means investors pay $507.09 for every $1 of annual revenue. A P/S above 10 indicates very high growth expectations.

Gross Margin: Revenue Quality

Gross margin of 64.19% shows how much of QBTS's revenue remains after direct costs. High gross margins above 60% often indicate strong pricing power, brand value, or intellectual property moats.

Summary: QBTS Revenue Trend

D-WAVE QUANTUM INC. (QBTS) generated $12.4M in trailing twelve-month revenue, growing at 20.35% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses. D-WAVE QUANTUM INC.'s gross margin of 64.19% is excellent for a Technology company — above the 55% threshold Zyberno applies to technology businesses where gross margin reflects software economics, IP value, or hardware pricing power, a level typically associated with strong pricing power and durable competitive advantages. For complete financial analysis, view the full QBTS stock report on Zyberno.

Frequently Asked Questions

What is QBTS's current revenue?

D-WAVE QUANTUM INC.'s trailing twelve month (TTM) revenue is $12.4M, growing at 20.35% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses.

Is QBTS's revenue growing?

D-WAVE QUANTUM INC. (QBTS) generated $12.4M in trailing twelve-month revenue, growing at 20.35% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses. D-WAVE QUANTUM INC.'s gross margin of 64.19% is excellent for a Technology company — above the 55% threshold Zyberno applies to technology businesses where gross margin reflects software economics, IP value, or hardware pricing power, a level typically associated with strong pricing power and durable competitive advantages.

What is QBTS's gross margin?

D-WAVE QUANTUM INC.'s gross margin of 64.19% is excellent for a Technology company — above the 55% threshold Zyberno applies to technology businesses where gross margin reflects software economics, IP value, or hardware pricing power, a level typically associated with strong pricing power and durable competitive advantages.

What is QBTS's Price/Sales ratio?

QBTS's P/S ratio is 507.1x, meaning the market values the company at 507.1 times its annual revenue.

How does revenue differ from profit?

Revenue is the total income before any expenses, while profit (net income) is what remains after all costs. QBTS's revenue is $12.4M with a net income of $-248.7M, showing a net profit margin of -2,001.6%.

📊 Valuation Trilogy
Three interconnected metrics built on Owner Earnings
💎
Intrinsic Value
DCF Fair Value
🛡️
Margin of Safety
Valuation Gap
🎯
Expected Return
Projected Annual
Click any metric for full methodology and detailed analysis

📊 Full QBTS Stock Report

See QBTS's intrinsic value, margin of safety, DCF valuation, and complete financial analysis with 250+ metrics.

💵 QBTS Free Cash Flow

Compare to Free Cash Flow which subtracts all capital expenditures, not just maintenance CapEx.

💰 QBTS Owner Earnings

Compare to Buffett's Owner Earnings metric which uses maintenance CapEx instead of total capital expenditures.

📈 QBTS Earnings Per Share

Analyze EPS trends, P/E ratio, earnings yield, and per-share profitability metrics.

🎯 QBTS Earnings Surprise (SUE)

See whether QBTS is beating or missing its own earnings trend — Standardized Unexpected Earnings and post-earnings drift.

📊 QBTS Revenue

Analyze revenue trends, growth rate, P/S ratio, and top-line sales performance.

💰 QBTS Net Income

Analyze the bottom-line profit, P/E ratio, and net profit margin trends.

🔶 QBTS Operating Income

Analyze EBIT, operating margin, and core business profitability before interest and taxes.

💜 QBTS Gross Profit

Analyze gross margin, pricing power, and profitability before operating expenses.

View Full QBTS Report Find More Quality Stocks
Scroll to Top