QBTS vs. QUBT: D-Wave Quantum vs. Quantum Computing Stock Comparison

November 11, 2026

How do D-Wave Quantum (QBTS) and Quantum Computing (QUBT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

D-Wave Quantum (QBTS) and Quantum Computing (QUBT) share the Information Technology sector but sit in different industry groups — QBTS in Software & Services and QUBT in Technology Hardware & Equipment.

Company profile comparison for D-Wave Quantum (QBTS) and Quantum Computing (QUBT)
Profile Item	QBTS	QUBT
Name	D-Wave Quantum Inc.	Quantum Computing Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Technology Hardware & Equipment
GICS Industry	Software	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Application Software	Technology Hardware, Storage & Peripherals
Market Capitalization	4.05 billion USD	1.43 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	December 11, 2020	February 1, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

QBTS

QUBT

GSPC

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for D-Wave Quantum (QBTS) and Quantum Computing (QUBT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for D-Wave Quantum (QBTS) and Quantum Computing (QUBT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for D-Wave Quantum (QBTS) and Quantum Computing (QUBT)
Metric	QBTS	QUBT
Total Return (1Y)	-61.09%	-47.32%
Total Return (3Y, Annualized)	152.63%	108.36%
Total Return (5Y, Annualized)	3.13%	-2.06%

Risk Profile

Drawdown History

QBTS

QUBT

GSPC

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for D-Wave Quantum (QBTS) and Quantum Computing (QUBT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for D-Wave Quantum (QBTS) and Quantum Computing (QUBT)
Metric	QBTS	QUBT
Volatility (1Y, Annualized)	104.32%	89.55%
Beta (5Y)	2.31	3.90
Max Drawdown (5Y)	-96.67%	-94.40%
Avg. Volume (3M)	15.15M	7.19M

Risk-Adjusted Performance

Risk-Return Positioning

QBTS and QUBT are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for D-Wave Quantum (QBTS) and Quantum Computing (QUBT)
Metric	QBTS	QUBT
Sharpe Ratio (1Y)	-0.63	-0.58
Sortino Ratio (1Y)	-1.00	-0.87

Profitability

ROE (TTM)

Both D-Wave Quantum (QBTS) at -27.99% and Quantum Computing (QUBT) at -1.51% report negative ROE values. Negative ROE can reflect losses or negative shareholders’ equity, so both readings need extra context.

QBTS

Software & Services industry group

-27.99%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
Q1: -9.59%
QBTS: -27.99%
Min: -50.52%

QUBT

Technology Hardware & Equipment industry group

-1.51%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
QUBT: -1.51%
Min: -20.62%

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their ROE against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Net Margin (TTM)

Quantum Computing (QUBT) reports a negative net margin of -152.45%, usually indicating a net loss over the period. Meanwhile D-Wave Quantum (QBTS) reports 0.00%, ranking against industry peers normally.

QBTS

Software & Services industry group

0.00%

Max: 41.17%
Q3: 15.28%
Median: 4.63%
QBTS: 0.00%
Q1: -5.42%
Min: -33.17%

QUBT

Technology Hardware & Equipment industry group

-152.45%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%
QUBT: -152.45%

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their net margin against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Operating Margin (TTM)

Both D-Wave Quantum (QBTS) at -1,732.06% and Quantum Computing (QUBT) at -281.27% report negative operating margin values, usually indicating operating losses over the period.

QBTS

Software & Services industry group

-1,732.06%

Max: 46.89%
Q3: 17.64%
Median: 8.73%
Q1: -2.13%
Min: -30.45%
QBTS: -1,732.06%

QUBT

Technology Hardware & Equipment industry group

-281.27%

Max: 36.27%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%
QUBT: -281.27%

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their operating margin against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Profitability Metrics

Profitability metrics for D-Wave Quantum (QBTS) and Quantum Computing (QUBT)
Metric	QBTS	QUBT
ROE (TTM)	-27.99%	-1.51%
ROA (TTM)	-10.65%	-4.16%
Net Margin (TTM)	0.00%	-152.45%
Operating Margin (TTM)	-1,732.06%	-281.27%
Gross Margin (TTM)	64.19%	-18.92%

Growth

Revenue Growth

Both D-Wave Quantum (QBTS) at 178.54% and Quantum Computing (QUBT) at 82.84% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Neither D-Wave Quantum (QBTS) nor Quantum Computing (QUBT) reports a EPS growth value for this period, so a direct comparison isn't possible.

Growth Metrics

Growth metrics for D-Wave Quantum (QBTS) and Quantum Computing (QUBT)
Metric	QBTS	QUBT
Revenue Growth (YoY)	178.54%	82.84%
Revenue Growth (3Y CAGR)	50.78%	71.17%
EPS Growth (YoY)	--	--
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Both D-Wave Quantum (QBTS) at 20.55 and Quantum Computing (QUBT) at 53.14 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

QBTS

Software & Services industry group

20.55

QBTS: 20.55
Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
Min: 0.03

QUBT

Technology Hardware & Equipment industry group

53.14

QUBT: 53.14
Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
Min: 0.17

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their current ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Debt / Equity (MRQ)

Both D-Wave Quantum (QBTS) at 0.04 and Quantum Computing (QUBT) at 0.01 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

QBTS

Software & Services industry group

0.04

Max: 2.52
Q3: 1.13
Median: 0.40
Q1: 0.07
QBTS: 0.04
Min: 0.00

QUBT

Technology Hardware & Equipment industry group

0.01

Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
QUBT: 0.01
Min: 0.01

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their debt-to-equity ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for D-Wave Quantum (QBTS) and Quantum Computing (QUBT)
Metric	QBTS	QUBT
Current Ratio (MRQ)	20.55	53.14
Debt / Equity (MRQ)	0.04	0.01
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Neither D-Wave Quantum (QBTS) nor Quantum Computing (QUBT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

QBTS

Software & Services industry group

0.00%

QBTS: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QUBT

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
QUBT: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their dividend yield against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Dividend Payout Ratio (TTM)

Neither D-Wave Quantum (QBTS) nor Quantum Computing (QUBT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

QBTS

Software & Services industry group

0.00%

QBTS: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QUBT

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
QUBT: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their payout ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Dividend Metrics

Dividend metrics for D-Wave Quantum (QBTS) and Quantum Computing (QUBT)
Metric	QBTS	QUBT
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Neither D-Wave Quantum (QBTS) nor Quantum Computing (QUBT) reports a P/E ratio value for this period, so a direct comparison isn’t possible.

QBTS

Software & Services industry group

Max: 112.94
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69
QBTS: --

QUBT

Technology Hardware & Equipment industry group

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07
QUBT: --

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): Neither stock reports P/E ratio, so the chart shows available benchmark boxes without value markers.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both D-Wave Quantum (QBTS) at 326.31 and Quantum Computing (QUBT) at 145.84 — each P/S ratio clears its industry’s benchmark range.

QBTS

Software & Services industry group

326.31

QBTS: 326.31
Max: 17.91
Q3: 8.78
Median: 4.25
Q1: 2.23
Min: 0.02

QUBT

Technology Hardware & Equipment industry group

145.84

QUBT: 145.84
Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their P/S ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

P/B Ratio (MRQ)

Quantum Computing (QUBT) at 0.90 sits in the lower P/B ratio quartile against book while D-Wave Quantum (QBTS) at 3.67 is valued near its industry’s middle — QUBT is cheaper on assets, though weigh it against ROE and asset quality.

QBTS

Software & Services industry group

3.67

Max: 16.63
Q3: 8.50
Median: 4.30
QBTS: 3.67
Q1: 1.92
Min: -3.90

QUBT

Technology Hardware & Equipment industry group

0.90

Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
QUBT: 0.90
Min: 0.33

D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT): A comparison of their P/B ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Valuation Metrics

Valuation metrics for D-Wave Quantum (QBTS) and Quantum Computing (QUBT)
Metric	QBTS	QUBT
P/E Ratio (TTM)	--	--
P/S Ratio (TTM)	326.31	145.84
P/B Ratio (MRQ)	3.67	0.90
Free Cash Flow Yield (TTM)	-1.81%	-3.76%