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Unless the context requires otherwise, references in this section to D-Wave, we, our or us refer to D-Wave Quantum Inc., a Delaware corporation, and its consolidated subsidiaries following the consummation of the Transaction, and prior to the consummation of the Transaction, to D-Wave Systems Inc., a British Columbia corporation ("D-Wave Systems"). Overview At D-Wave, our mission is to help cus…
$25.74
+$6.44 (+33.37%)
Price from 13 days ago
The business is unprofitable at the operating level (-408.22% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 178.5% YoY with margins expanding 466.6pp.
Negative free cash flow of -$76M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$12M
▲ +178.5% YoY
Net Income (TTM)
-$368M
▼ -146.8% YoY
Op. Margin
-1155.61%
▲ +466.6pp YoY
ROIC
-12.94%
▲ +54.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$102M
▼ -69.5% YoY
Op. Cash Flow (TTM)
-$98M
▼ -68.8% YoY
Net Debt
-$542M
Net Cash Position
Cash & Equiv.
$588M
5Y CAGR: +36.7%
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