Revenue Breakdown
Composition ()
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Revenue Streams
D-Wave Quantum Inc (QBTS) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is System sales, accounting for 49.3% of total sales, equivalent to $1.84M. Other significant revenue streams include QCaaS and Professional services. Understanding this composition is critical for investors evaluating how QBTS navigates market cycles within the IT Services & Consulting industry.
Profitability & Margins
Evaluating the bottom line, D-Wave Quantum Inc maintains a gross margin of 71.38%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -741.80%, while the net margin is -3743.94%. These profitability ratios, combined with a Return on Equity (ROE) of -122.03%, provide a clear picture of how effectively QBTS converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, QBTS competes directly with industry leaders such as RGTI and NATL. With a market capitalization of $6.95B, it holds a leading position in the sector. When comparing efficiency, QBTS's gross margin of 71.38% stands against RGTI's 20.75% and NATL's 26.56%. Such benchmarking helps identify whether D-Wave Quantum Inc is trading at a premium or discount relative to its financial performance.
