D-WAVE QUANTUM INCQBTS
ASignal's systematic analysis rates QBTS as Bearish.
Reflects the latest available analysis · analyzed Oct 3, 2026
The case on QBTS
Bull vs bear, surfaced by ASignal's framework agents from public market data. The precise verdict: ASignal Rank, confidence, and price targets - is in the app.
- Strong gross margin of 64.19% indicating pricing power
- Low debt-to-equity ratio of 0.04x suggesting minimal leverage risk
- High cash position with $546.21M in total cash
- Current ratio of 20.55x indicating strong short-term liquidity
- Negative operating margin of -1732.06% signaling severe operational inefficiency
- Negative return on equity (-27.98%) and return on assets (-10.65%)
- Negative free cash flow of $-73.38M and operating cash flow of $-110.88M
- Revenue growth YoY of -0.60% indicating stagnation
- High valuation multiples: EV/Revenue at 432.62x, Price/Sales at 481.83x
- Negative EV/EBITDA of -33.35x suggesting unprofitability
See the full verdict on QBTS
ASignal Rank (1-4), confidence score, Buffett / Ackman / Dalio grades, price targets, and the full reasoning behind the call.
How ASignal analyzes QBTS
Most investors never get a second opinion, let alone several. ASignal runs QBTS past a panel of specialized investor-framework agents, each calibrated on a distinct school of investing: Warren Buffett's value discipline, Bill Ackman's activist lens, and Ray Dalio's macro view. They don't just score in isolation, they argue: a dedicated Challenger agent pushes back on every conclusion until the panel settles on a reasoned consensus, weighing fundamentals, macro conditions, market sentiment, and price action together. The kind of cross-examined read that takes a research desk hours, ASignal delivers in under two minutes, refreshed every cycle.
The signal direction and the bull and bear case above are free. The precise read, ASignal Rank, framework grades, price targets, and full reasoning, stays with subscribers.