QBTS
D-Wave Quantum Inc.
There isn't enough reported data to score QBTS yet.
SNOW
Snowflake Inc.
SNOW lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
QBTS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Unavailable |
QBTS's revenue, profitability and cash flow are currently under pressure. There isn't enough data to rate its balance sheet.
SNOW Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Strong | |
| Unavailable |
SNOW's revenue and cash flow are currently strong, but its profitability is under pressure. There isn't enough data to rate its balance sheet.
QBTS PE Valuation
QBTS has no meaningful PE right now: it lost money over the past year.
SNOW PE Valuation
SNOW has no meaningful PE right now: it lost money over the past year.
QBTS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect QBTS's revenue to grow, with its earnings and profitability holding steady. However, they disagree widely on these estimates.
SNOW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for SNOW, with profitability improving.
QBTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.44 | +$0.97 |
QBTS has the edge over SNOW in the latest year-over-year earnings comparison.
SNOW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.74 | — |
| Q3 2026 | -$3.18 | +$0.96 |
| Q2 2026 | -$3.52 | +$0.68 |
| Q1 2026 | -$3.95 | -$0.09 |
| Q4 2025 | -$4.03 | -$0.64 |
| Q3 2025 | -$4.14 | -$1.08 |
| Q2 2025 | -$4.20 | -$1.40 |
| Q1 2025 | -$3.86 | -$1.31 |
| Q4 2024 | -$3.39 | -$0.71 |
SNOW is still losing money, but less than at its worst: $3.18 per share over the past year, against $4.20 at its worst in early 2025.
QBTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.5M | +21% |
| Q2 2026 | $3.1M | -0.6% |
| Q1 2026 | $2.9M | -81% |
| Q4 2025 | $2.8M | +19% |
QBTS's revenue is recovering but still below its 2025 peak: $5M last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -1732% | -876 points |
| Q1 2026 | -1915% | -1840 points |
| Q4 2025 | -1266% | -390 points |
| Q3 2025 | -742% | N/A |
| Q2 2025 | -856% | N/A |
| Q1 2025 | -75% | N/A |
| Q4 2024 | -876% | N/A |
QBTS's operating margin was −1732% last quarter, down 876 points from the same quarter a year ago.
SNOW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +35% |
| Q2 2026 | $1.4B | +33% |
| Q1 2026 | $1.3B | +30% |
| Q4 2025 | $1.2B | +29% |
| Q3 2025 | $1.1B | +32% |
| Q2 2025 | $1B | +26% |
| Q1 2025 | $986.8M | +27% |
| Q4 2024 | $942.1M | +28% |
SNOW has the edge over QBTS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -17% | +13 points |
| Q2 2026 | -23% | +20 points |
| Q1 2026 | -25% | +14 points |
| Q4 2025 | -27% | +12 points |
| Q3 2025 | -30% | +11 points |
| Q2 2025 | -43% | -0.9 points |
| Q1 2025 | -39% | -3.6 points |
| Q4 2024 | -39% | -3.3 points |
SNOW has the edge over QBTS on profitability, with a higher operating margin.
QBTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$32.9M | -$16.9M |
| Q1 2026 | -$46M | -$26.3M |
| Q4 2025 | -$20M | -1977% |
QBTS and SNOW do not have enough comparable growth data to identify a winner.
SNOW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $83.8M | +44% |
| Q2 2026 | $232.8M | +27% |
| Q1 2026 | $765.1M | +82% |
| Q4 2025 | $113.6M | +29% |
| Q3 2025 | $58.2M | -10% |
| Q2 2025 | $183.4M | -46% |
| Q1 2025 | $421.4M | +27% |
| Q4 2024 | $88.3M | -21% |
SNOW generated $1.2B in free cash flow over the past year, up 59% from the year before.
QBTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.9% | +3.4M shares |
| 1 year | +23% | +68.6M shares |
QBTS has 371M diluted shares, up 23% from a year ago.
SNOW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +3.9M shares |
| 1 year | +4.2% | +14M shares |
| 3 years | +6.7% | +21.9M shares |
| 5 years | +17% | +51.5M shares |
| Available history | +47% | +111M shares |
SNOW has the edge over QBTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $300M |
| Q1 2026 | $150M |
| Q4 2025 | $232.9M |
| Q3 2025 | — |
| Q2 2025 | $490.6M |
| Q1 2025 | — |
| Q4 2024 | $1B |
SNOW spent $683M buying back its own shares over the past year, down 55% from the year before.
QBTS Net Leverage
QBTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SNOW Net Leverage
SNOW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
QBTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.7 | Neutral |
| Stochastic | 10.0 | Oversold |
QBTS's weekly RSI is 32 (neutral) and its Stochastic is 10 (oversold).
SNOW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.4 | Neutral |
| Stochastic | 25.2 | Neutral |
SNOW's weekly RSI is 52 (neutral) and its Stochastic is 25 (neutral).
QBTS PE vs Technology Sector
QBTS has no meaningful PE right now: it lost money over the past year.
SNOW PE vs Technology Sector
SNOW has no meaningful PE right now: it lost money over the past year.
QBTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.8 | 23% below |
| 20 week MA | $16.3 | 40% below |
| 50 week MA | $19.9 | 50% below |
| 100 week MA | $17.6 | 44% below |
| 200 week MA | $9.46 | 4% above |
QBTS has fallen below most of its moving averages, though it's still 4% above its 200-week average.
SNOW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $319.9 | 6.6% below |
| 20 week MA | $311.5 | 4.1% below |
| 50 week MA | $238.6 | 25% above |
| 100 week MA | $218.8 | 37% above |
| 200 week MA | $187.5 | 59% above |
SNOW has the edge over QBTS on trend strength, trading above more of its moving averages.
QBTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.2 | $10.5 | +3.4% |
| 2021 | $10.5 | $9.79 | -6.8% |
| 2022 | $9.79 | $1.70 | -83% |
| 2023 | $1.70 | $0.88 | -48% |
| 2024 | $0.88 | $9.91 | +1026% |
| 2025 | $9.91 | $25.3 | +155% |
| 2026 YTD | $25.3 | $9.84 | -61% |
QBTS's yearly returns have swung widely, from +1026% in 2024 to −83% in 2022. It's down 61% so far in 2026.
SNOW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $240.0 | $323.0 | +35% |
| 2021 | $323.0 | $349.2 | +8.1% |
| 2022 | $349.2 | $138.5 | -60% |
| 2023 | $138.5 | $199.0 | +44% |
| 2024 | $199.0 | $158.7 | -20% |
| 2025 | $158.7 | $223.9 | +41% |
| 2026 YTD | $223.9 | $298.7 | +33% |
SNOW has the edge over QBTS on returns for 2026, with the stronger performance.