Keuangan D-Wave Quantum Inc. (QBTS)
NASDAQ · Technology · Computer Hardware · Karyawan: 385 · CEO: Alan E. Baratz
- Harga
- $10,65 -7,87%
- Kapitalisasi pasar
- $4,01 M
- Nilai perusahaan
- $3,73 M
- Laporan terakhir
- Q2 '26 diajukan 2026-08-06
- Laporan berikutnya
- 2026-11-10 Estimasi EPS: -$0,10
Pendapatan (TTM)$12,4 jt-44,2% vs tahun lalu4 kuartal terakhir; batang = tiap kuartal
Margin operasional (TTM)-1.372,9%-1.019,7 poin vs tahun laluLaba operasional: -$171 jt
Laba bersih (TTM)-$249 jt+11,7% vs tahun laluSetelah pajak, termasuk keuntungan non-operasional
Arus kas bebas (TTM)-$119 jt-124,1% vs tahun laluCapex: $8,2 jt
EPS dilusian (TTM)-$0,71+33,6% vs tahun laluJumlah 4 kuartal terakhir
Kas neto$533 jt-31,6% vs tahun laluKas + investasi jangka pendek - utang
Valuasi & angka utama
- Kapitalisasi pasar
- $4,01 M EV $3,73 M
- Pendapatan
- $12,4 jt 12 bulan terakhir
- Pertumbuhan pendapatan
- +73% Konsensus FY2026
- Margin laba
- -2.001,6% Laba bersih / pendapatan, TTM
- P/E
- -15,0× Forward -35,6× (FY2026)
- P/S
- 322,7× Harga / penjualan, TTM
- EV / EBITDA
- -14,2× TTM
- Arus kas bebas
- -$119 jt 12 bulan terakhir
- Laba bersih
- -$249 jt 12 bulan terakhir
- Estimasi pendapatan
- $42,5 jt Konsensus FY2026
- Laba
- 2026-11-10 Estimasi pendapatan: $4,36 jt
- Dividen
- – Tanpa dividen
Poin-poin utama
Dihitung dari angka yang dilaporkan - setiap pernyataan menyertakan angka yang mendasarinya.
- Laporan terakhir (2026-08-06): pendapatan meleset 23,6%, EPS meleset 18,1%Pendapatan $3,08 jt vs $4,03 jt yang diharapkan (-23,6%); EPS -$0,10 vs -$0,08 (-18,1%).
- Pertumbuhan pendapatan melambat: -0,6% yoyPendapatan Q2 '26: $3,08 jt, rata-rata empat kuartal sebelumnya: 20,0%.
- Margin operasional -1.372,9% (TTM), dibanding tahun lalu: -1.019,7 poinLaba operasional tumbuh -116,9%, pendapatan tumbuh -44,2%.
- Capex: 66,0% dari pendapatan (tahun lalu 11,0%)$8,2 jt diinvestasikan dalam 4 kuartal terakhir (+233,7% dibanding tahun sebelumnya). Arus kas bebas: -$119 jt.
- Jumlah saham dilusian naik dalam setahun: 26,0%Saham dilusian pada Q2 '26: 371 jt, setahun sebelumnya: 294 jt.
- Kas neto: $533 jtKas + investasi jangka pendek: $546 jt, utang termasuk sewa: $13,1 jt; tahun lalu kas neto: $779 jt.
Kuartal terakhir: Q2 '26
Kuartal berakhir 2026-06-30. Dibandingkan dengan kuartal yang sama tahun lalu dan konsensus analis sebelum laporan.
Kuartal vs tahun lalu
| Q2 '26 | Tahun lalu | Perubahan | |
|---|---|---|---|
| Pendapatan | $3,08 jt | $3,1 jt | -0,6% |
| Margin kotor | 55,4% | 63,8% | -8,4 poin |
| Laba operasional | -$53,3 jt | -$26,5 jt | -101,0% |
| Margin operasional | -1.732,1% | -856,3% | -875,8 poin |
| Laba bersih | -$48 jt | -$167 jt | +71,3% |
| EPS dilusian | -$0,13 | -$0,57 | +77,2% |
| Arus kas operasional | -$28,5 jt | -$15,3 jt | -86,5% |
| Capex | $4,44 jt | $749 rb | +492,8% |
| Arus kas bebas | -$32,9 jt | -$16 jt | -105,4% |
| R&D | $28,2 jt | $12,7 jt | +122,5% |
| Kompensasi berbasis saham | $11,1 jt | $6,67 jt | +66,6% |
Dilaporkan vs konsensus
2026-08-06| Aktual | Konsensus | vs konsensus | |
|---|---|---|---|
| Pendapatan | $3,08 jt | $4,03 jt | -23,6% |
| EPS (basis konsensus) | -$0,10 | -$0,08 | -18,1% |
Dari laporan 2026-08-06 untuk Q2 '26: pendapatan dan EPS yang diperkirakan analis (sering disesuaikan), sehingga bisa berbeda dari EPS laporan keuangan di atas.
EPS vs konsensus
8 laporan terakhirPendapatan
Dari mana uang berasal - menurut lini bisnis dan wilayah, kuartal demi kuartal.
Pendapatan, laba operasional, dan pertumbuhan
kuartalanPendapatan per lini bisnis
bertumpuk, kuartalan| Segmen | Q2 '26 | yoy | Porsi | TTM | TTM yoy | 12 kuartal |
|---|---|---|---|---|---|---|
| System Sales | $255 rb | -75,1% | 21,0% | $2,85 jt | – | |
| Professional Services | $929 rb | +18,3% | 76,4% | $3,07 jt | -2,0% | |
| Product and Service, Other | $32 rb | -27,3% | 2,6% | $142 rb | – |
Pendapatan per wilayah
porsi dari total| Segmen | Q2 '26 | yoy | Porsi | TTM | TTM yoy | 12 kuartal |
|---|---|---|---|---|---|---|
| GERMANY | $127 rb | -89,3% | 4,1% | $3,08 jt | -79,3% | |
| United States | $2,18 jt | +206,3% | 70,7% | $5,31 jt | +166,0% | |
| Other Geographical Areas | $507 rb | +32,7% | 16,5% | $1,69 jt | -33,8% | |
| SWITZERLAND | – | – | – | – | – | |
| CANADA | $130 rb | -51,5% | 4,2% | $577 rb | -56,4% | |
| JAPAN | $137 rb | -12,2% | 4,5% | $1,2 jt | -9,5% |
Margin & struktur biaya
Berapa bagian dari setiap unit pendapatan yang tersisa di tiap tingkat - dan ke mana biaya mengalir.
Margin
kuartalanBiaya sebagai % pendapatan
kuartalanArus kas & alokasi modal
Kas yang dihasilkan, untuk apa kas itu digunakan, dan apa yang sampai ke pemegang saham.
Arus kas operasional, capex, arus kas bebas
kuartalanPenggunaan kas vs arus kas operasional
tahun fiskal4 kuartal terakhir
laporan arus kas- Arus kas operasional
- -$111 jt
- Capex
- -$8,2 jt
- Buyback
- -$7,09 jt
- Dividen
- $0
- Akuisisi
- -$253 jt
- Utang neto diterbitkan
- $300 rb
- Kompensasi berbasis saham
- $31,1 jt
- Arus kas bebas
- -$119 jt
- Dikembalikan ke pemegang saham / FCF
- -6,0%
Jumlah saham dan EPS
kuartalan, dilusianNeraca
Likuiditas, investasi, dan utang pada akhir setiap kuartal.
Kas, investasi, dan utang
akhir kuartalValuasi & imbal hasil
Multiple saat ini dibandingkan lima tahun fiskal terakhir perusahaan itu sendiri; target dan peringkat analis.
Multiple dan imbal hasil
TTM vs 5 tahun fiskal| Sekarang | Rata-rata 5 th | Posisi saat ini dalam rentang 5 tahun | |
|---|---|---|---|
| P/E (TTM) | -15,0× | – | – |
| EV / EBITDA | -14,2× | – | – |
| EV / Penjualan | 299,8× | 146,3× | 17,4× – 317,5× |
| Harga / FCF | -33,7× | – | – |
| Harga / Nilai buku | 3,6× | 17,8× 2 dari 5 tahun | 9,9× – 25,8× |
| Imbal hasil FCF | -3,0% | -16,7% | -50,5% – -0,9% |
| Imbal hasil modal yang diinvestasikan | -13,5% | -161,2% | -403,8% – -11,2% |
| Imbal hasil ekuitas | -26,7% | 94,4% | -229,7% – 337,9% |
Analis
Target konsensus $36,14 (+239,3%)
rentang $30,00 – $43,00 · peringkat Buy
Beli kuat0
Beli13
Tahan0
Jual0
Jual kuat0
Prospek
Konsensus analis untuk tahun fiskal mendatang dan implikasinya pada harga saat ini.
Estimasi konsensus
| Tahun fiskal | Pendapatan | Pertumbuhan | EPS | Pertumbuhan | P/E pada harga saat ini | Analis (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $42,5 jt | +72,7% | -$0,30 | +73,1% | -35,6× | 10 |
| FY2027 | $80,8 jt | +90,4% | -$0,38 | -28,6% | -27,7× | 11 |
| FY2028 | $148 jt | +83,1% | -$0,37 | +2,8% | -28,5× | 8 |
| FY2029 | $314 jt | +112,2% | -$0,32 | +13,3% | -32,9× | 5 |
| FY2030 | $432 jt | +37,5% | -$0,12 | +63,0% | -88,8× | 5 |
Laporan keuangan
Setiap baris laporan laba rugi, neraca, dan laporan arus kas - 12 kuartal dan 10 tahun fiskal, sebagai nilai, % pendapatan, atau pertumbuhan.
Semua pos yang dilaporkan
Semua 236 angka yang ditandai D-Wave Quantum Inc. dalam laporan 10-Q / 10-K terbarunya, dengan label dan definisi resmi SEC - termasuk catatan (sewa, pajak, buyback, karyawan, ...).
| Pos (label SEC) | Kuartal terakhir | Tahun lalu | yoy | FY terakhir | FY sebelumnya | yoy |
|---|---|---|---|---|---|---|
| Accounts Payable, Trade, Current | $4,52 jt | $1,19 jt | +279,9% | $950 rb | $815 rb | +16,6% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $2,02 jt | $1,44 jt | +40,0% | $1,59 jt | $1,42 jt | +11,8% |
| Accounts Receivable, Allowance for Credit Loss | $1 rb | $1 rb | 0,0% | $1 rb | $176 rb | -99,4% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $0 | $100 rb | -100,0% | $200 rb | $100 rb | +100,0% |
| Accrued Liabilities, Current | $12,1 jt | $11,6 jt | +4,8% | $15,8 jt | $8,78 jt | +80,3% |
| Accrued Professional Fees, Current | $3,04 jt | $1,49 jt | +104,7% | $4,09 jt | $529 rb | +672,4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $21,7 jt | $25,1 jt | -13,8% | $25,9 jt | $25 jt | +3,4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$9,04 jt | -$9,23 jt | +2,0% | -$9,02 jt | -$10,5 jt | +14,2% |
| Additional Paid in Capital | $2,14 M | $1,5 M | +42,4% | $1,84 M | $700 jt | +163,3% |
| Additional Paid in Capital, Common Stock | $300 rb2025-08-01 | – | – | $300 rb2025-08-01 | – | – |
| Advertising Expense | – | – | – | $1,9 jt | $500 rb | +280,0% |
| Amortization of Intangible Assets | $3,7 jt | $40 rb | +9.150,0% | $200 rb | $100 rb | +100,0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | -1,38 jt | -17,1 jt | +91,9% | 13 jt | 47 jt | -72,3% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $11,4 jt | $6,75 jt | +69,0% | $23 jt | $17,8 jt | +29,3% |
| Assets | $1,16 M | $844 jt | +37,3% | $916 jt | $200 jt | +358,2% |
| Assets, Current | $561 jt | $829 jt | -32,3% | $896 jt | $185 jt | +384,3% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | $28,4 jt2026-01-20 | – | – | – | – | – |
| Capitalized Contract Cost, Net | $3,33 jt | – | – | – | – | – |
| Capitalized Contract Cost, Net, Noncurrent | $4,04 jt | $287 rb | +1.308,4% | $940 rb | $174 rb | +440,2% |
| Cash and Cash Equivalents, at Carrying Value | $297 jt | $819 jt | -63,8% | $635 jt | $178 jt | +257,0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $297 jt | $819 jt | -63,8% | $635 jt | $178 jt | +257,0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$41,6 jt | $515 jt | -108,1% | $457 jt | $137 jt | +234,6% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $7,91 | $7,91 | 0,0% | $7,91 | $7,91 | 0,0% |
| Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 1 | 1 | 0,0% | 1 | 1 | 0,0% |
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,16 jt | 1,16 jt | 0,0% | 1,16 jt | 1,16 jt | 0,0% |
| Class of Warrant or Right, Outstanding | 5,78 jt2025-09-30 | 17,9 jt | -67,8% | 17,9 jt2024-12-31 | 17,9 jt | 0,0% |
| Common Stock, Capital Shares Reserved for Future Issuance | 30,7 jt2025-12-31 | 19,8 jt | +55,2% | 30,7 jt | 19,8 jt | +55,2% |
| Common Stock, Par or Stated Value Per Share | $0,00 | $0,00 | 0,0% | $0,00 | $0,00 | 0,0% |
| Common Stock, Shares Authorized | 675 jt | 675 jt | 0,0% | 675 jt | 675 jt | 0,0% |
| Common Stock, Shares, Issued | 372 jt | 340 jt | +9,5% | 359 jt | 267 jt | +34,6% |
| Common Stock, Shares, Outstanding | 372 jt | 340 jt | +9,5% | 359 jt | 267 jt | +34,6% |
| Common Stock, Value, Issued | $37 rb | $33 rb | +12,1% | $35 rb | $27 rb | +29,6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$47,9 jt | -$167 jt | +71,2% | -$354 jt | -$144 jt | -145,8% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $466 rb | $622 rb | -25,1% | $566 rb | $553 rb | +2,4% |
| Contract with Customer, Asset, Allowance for Credit Loss | $02025-12-31 | $200 rb | -100,0% | $0 | $200 rb | -100,0% |
| Contract with Customer, Liability | $10,6 jt | $5,56 jt | +89,9% | $3,34 jt | $19,4 jt | -82,8% |
| Contract with Customer, Liability, Current | $9,23 jt | $4,91 jt | +88,2% | $2,78 jt | $18,7 jt | -85,1% |
| Contract with Customer, Liability, Noncurrent | $1,32 jt | $654 rb | +102,1% | $560 rb | $670 rb | -16,4% |
| Contract with Customer, Liability, Revenue Recognized | $600 rb | $300 rb | +100,0% | $18,9 jt | $2,7 jt | +600,0% |
| Cost of Revenue | $1,37 jt | $1,12 jt | +22,6% | $4,28 jt | $3,26 jt | +31,2% |
| Debt Issuance Costs, Noncurrent, Net | $742 rb | – | – | $725 rb | $0 | – |
| Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss | $1,8 jt | – | – | $1,8 jt | – | – |
| DebtInstrumentRepaidPrincipal | – | – | – | $30 jt2024-12-31 | – | – |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent | $250 jt | – | – | $249 jt | – | – |
| Deferred Tax Assets, Deferred Income | $37 rb2025-12-31 | $0 | – | $37 rb | $0 | – |
| Deferred Tax Assets, Gross | $157 jt2025-12-31 | $130 jt | +20,5% | $157 jt | $130 jt | +20,5% |
| Deferred Tax Assets, in Process Research and Development | $39,8 jt2025-12-31 | $36,2 jt | +10,0% | $39,8 jt | $36,2 jt | +10,0% |
| Deferred Tax Assets, Net | $02025-12-31 | $0 | – | $0 | $0 | – |
| Deferred Tax Assets, Net of Valuation Allowance | $646 rb2025-12-31 | $1,03 jt | -37,0% | $646 rb | $1,03 jt | -37,0% |
| Deferred Tax Assets, Operating Loss Carryforwards | $80,6 jt2025-12-31 | $64,6 jt | +24,8% | $80,6 jt | $64,6 jt | +24,8% |
| Deferred Tax Assets, Property, Plant and Equipment | $7,29 jt2025-12-31 | $6,68 jt | +9,0% | $7,29 jt | $6,68 jt | +9,0% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $22,2 jt2025-12-31 | $18,5 jt | +19,8% | $22,2 jt | $18,5 jt | +19,8% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $3,78 jt2025-12-31 | $1,94 jt | +95,0% | $3,78 jt | $1,94 jt | +95,0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other | $669 rb2025-12-31 | $1,43 jt | -53,2% | $669 rb | $1,43 jt | -53,2% |
| Deferred Tax Assets, Valuation Allowance | $156 jt2025-12-31 | $129 jt | +21,0% | $156 jt | $129 jt | +21,0% |
| Deferred Tax Liabilities, Financing Arrangements | $02025-12-31 | $330 rb | -100,0% | $0 | $330 rb | -100,0% |
| Deferred Tax Liabilities, Gross | $646 rb2025-12-31 | $1,03 jt | -37,0% | $646 rb | $1,03 jt | -37,0% |
| Deferred Tax Liabilities, Investments | $646 rb2025-12-31 | $695 rb | -7,1% | $646 rb | $695 rb | -7,1% |
| Deposits Assets, Noncurrent | $298 rb | $196 rb | +52,0% | $251 rb | $181 rb | +38,7% |
| Depreciation | $1 jt | $300 rb | +233,3% | $1,4 jt | $1 jt | +40,0% |
Sumber: SEC companyfacts (XBRL setiap 10-Q / 10-K). Kuartal arus kas dihitung dari angka kumulatif tahun berjalan yang ditandai dalam 10-Q. Rincian segmen ditandai dengan dimensi dan ditampilkan di bagian segmen.
Sumber
Laporan keuangan, pendapatan segmen, metrik, dan estimasi distandardisasi dari laporan perusahaan. Laba segmen dan setiap pos yang dilaporkan: SEC EDGAR (XBRL). Laporan yang dibaca: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data per 2026-11-02