D-Wave Quantum Inc. (NYSE:QBTS) Financial Analysis

• D-Wave Quantum Inc. (NYSE:QBTS) has a Return on Invested Capital (ROIC) of -45.13% and a Weighted Average Cost of Capital (WACC) of 9.44%, indicating inefficiency in generating returns over its cost of capital.
• Rigetti Computing, Inc. (RGTI) shows slightly more efficient capital utilization compared to D-Wave, with a ROIC of -25.12% and a WACC of 10.58%.
• FOXO Technologies Inc. (FOXO) has the highest ROIC to WACC ratio among the peers at -0.65, suggesting it is closer to breaking even compared to its peers in the quantum computing sector.

D-Wave Quantum Inc. (NYSE:QBTS) is a company that focuses on developing and delivering quantum computing systems, software, and services. It aims to solve complex computational problems that are beyond the reach of classical computers. The company operates in a competitive landscape alongside peers like Rigetti Computing, Inc. (RGTI), Arqit Quantum Inc. (ARQQ), Quantum Computing, Inc. (QUBT), IonQ, Inc. (IONQ), and FOXO Technologies Inc. (FOXO).

D-Wave Quantum Inc. has a Return on Invested Capital (ROIC) of -45.13% and a Weighted Average Cost of Capital (WACC) of 9.44%. This results in a ROIC to WACC ratio of -4.78, indicating inefficiency in generating returns over its cost of capital. The negative ratio suggests that the company is not effectively utilizing its invested capital to cover its costs.

In comparison, Rigetti Computing, Inc. has a ROIC of -25.12% and a WACC of 10.58%, leading to a ROIC to WACC ratio of -2.37. Although still negative, Rigetti's ratio is better than D-Wave's, suggesting slightly more efficient capital utilization. However, both companies are struggling to generate returns above their cost of capital.

Arqit Quantum Inc. presents a more challenging scenario with a ROIC of -326.02% and a WACC of 14.14%, resulting in a ROIC to WACC ratio of -23.05. This indicates significant inefficiency in capital utilization, highlighting the difficulties faced by companies in the quantum computing sector in achieving profitability.

FOXO Technologies Inc. stands out with the highest ROIC to WACC ratio among the peers at -0.65, despite being negative. This suggests that FOXO is closer to breaking even compared to its peers. The overall negative ROIC to WACC ratios across the industry reflect the challenges in generating sufficient returns on invested capital, possibly due to high R&D costs and the nascent stage of the quantum computing industry.