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Side-by-side financial comparison of ELECTRO SENSORS INC (ELSE) and D-Wave Quantum Inc. (QBTS). Click either name above to swap in a different company.
ELECTRO SENSORS INC is the larger business by last-quarter revenue ($2.8M vs $2.8M, roughly 1.0× D-Wave Quantum Inc.). ELECTRO SENSORS INC runs the higher net margin — 3.7% vs -1538.0%, a 1541.7% gap on every dollar of revenue. On growth, D-Wave Quantum Inc. posted the faster year-over-year revenue change (19.2% vs 14.8%). Over the past eight quarters, ELECTRO SENSORS INC's revenue compounded faster (10.8% CAGR vs -2.7%).
Polar Electro Oy is a Finnish manufacturer of sports training computers, particularly known for developing the world's first wireless heart rate monitor.
D-Wave Quantum Inc. is a quantum computing company with locations in Palo Alto, California and Burnaby, British Columbia. D-Wave claims to be the world's first company to sell computers that exploit quantum effects in their operation. D-Wave's early customers include Lockheed Martin, the University of Southern California, Google/NASA, and Los Alamos National Laboratory.
ELSE vs QBTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $2.8M |
| Net Profit | $103.0K | $-42.3M |
| Gross Margin | 50.3% | 64.8% |
| Operating Margin | -0.3% | -1266.0% |
| Net Margin | 3.7% | -1538.0% |
| Revenue YoY | 14.8% | 19.2% |
| Net Profit YoY | -48.8% | 50.8% |
| EPS (diluted) | $0.03 | $-0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.8M | $2.8M | ||
| Q3 25 | $2.7M | $3.7M | ||
| Q2 25 | $2.4M | $3.1M | ||
| Q1 25 | $2.2M | $15.0M | ||
| Q4 24 | $2.4M | $2.3M | ||
| Q3 24 | $2.5M | — | ||
| Q2 24 | $2.2M | $2.2M | ||
| Q1 24 | $2.2M | $2.5M |
| Q4 25 | $103.0K | $-42.3M | ||
| Q3 25 | $208.0K | $-140.0M | ||
| Q2 25 | $59.0K | $-167.3M | ||
| Q1 25 | $-64.0K | $-5.4M | ||
| Q4 24 | $201.0K | $-86.1M | ||
| Q3 24 | $238.0K | — | ||
| Q2 24 | $-4.0K | $-17.8M | ||
| Q1 24 | $11.0K | $-17.3M |
| Q4 25 | 50.3% | 64.8% | ||
| Q3 25 | 53.1% | 71.4% | ||
| Q2 25 | 51.2% | 63.8% | ||
| Q1 25 | 48.4% | 92.5% | ||
| Q4 24 | 49.6% | 63.8% | ||
| Q3 24 | 50.4% | — | ||
| Q2 24 | 47.2% | 63.6% | ||
| Q1 24 | 48.1% | 67.3% |
| Q4 25 | -0.3% | -1266.0% | ||
| Q3 25 | 6.6% | -741.8% | ||
| Q2 25 | -0.1% | -856.3% | ||
| Q1 25 | -7.5% | -75.3% | ||
| Q4 24 | 1.3% | -876.2% | ||
| Q3 24 | 6.9% | — | ||
| Q2 24 | -4.8% | -863.0% | ||
| Q1 24 | -4.5% | -710.6% |
| Q4 25 | 3.7% | -1538.0% | ||
| Q3 25 | 7.6% | -3743.9% | ||
| Q2 25 | 2.5% | -5406.4% | ||
| Q1 25 | -2.9% | -36.1% | ||
| Q4 24 | 8.4% | -3727.9% | ||
| Q3 24 | 9.5% | — | ||
| Q2 24 | -0.2% | -814.4% | ||
| Q1 24 | 0.5% | -702.3% |
| Q4 25 | $0.03 | $-0.13 | ||
| Q3 25 | $0.06 | $-0.41 | ||
| Q2 25 | $0.02 | $-0.55 | ||
| Q1 25 | $-0.02 | $-0.02 | ||
| Q4 24 | $0.06 | $-0.43 | ||
| Q3 24 | $0.07 | — | ||
| Q2 24 | $0.00 | $-0.10 | ||
| Q1 24 | $0.00 | $-0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.6M | $884.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $14.8M | $852.2M |
| Total Assets | $15.7M | $915.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.6M | $884.5M | ||
| Q3 25 | $10.6M | $836.2M | ||
| Q2 25 | $10.2M | $819.3M | ||
| Q1 25 | $10.0M | $304.3M | ||
| Q4 24 | $10.0M | $178.0M | ||
| Q3 24 | $10.3M | — | ||
| Q2 24 | $9.9M | — | ||
| Q1 24 | $10.1M | — |
| Q4 25 | $14.8M | $852.2M | ||
| Q3 25 | $14.7M | $670.6M | ||
| Q2 25 | $14.4M | $694.3M | ||
| Q1 25 | $14.3M | $207.4M | ||
| Q4 24 | $14.3M | $62.6M | ||
| Q3 24 | $14.1M | — | ||
| Q2 24 | $13.8M | $-21.5M | ||
| Q1 24 | $13.8M | $-37.0M |
| Q4 25 | $15.7M | $915.8M | ||
| Q3 25 | $15.7M | $865.8M | ||
| Q2 25 | $15.2M | $843.6M | ||
| Q1 25 | $15.1M | $325.6M | ||
| Q4 24 | $14.9M | $199.9M | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $14.5M | $61.8M | ||
| Q1 24 | $14.5M | $48.6M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $20.0K | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-20.0M |
| FCF MarginFCF / Revenue | — | -727.9% |
| Capex IntensityCapex / Revenue | — | 60.3% |
| Cash ConversionOCF / Net Profit | 0.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-75.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0K | $-18.4M | ||
| Q3 25 | $395.0K | $-19.0M | ||
| Q2 25 | $277.0K | $-15.3M | ||
| Q1 25 | $-30.0K | $-19.3M | ||
| Q4 24 | $-277.0K | $2.0M | ||
| Q3 24 | $362.0K | — | ||
| Q2 24 | $-158.0K | $-14.5M | ||
| Q1 24 | $202.0K | $-12.1M |
| Q4 25 | — | $-20.0M | ||
| Q3 25 | $389.0K | $-20.1M | ||
| Q2 25 | — | $-16.0M | ||
| Q1 25 | — | $-19.7M | ||
| Q4 24 | $-298.0K | $1.1M | ||
| Q3 24 | $358.0K | — | ||
| Q2 24 | $-184.0K | $-15.0M | ||
| Q1 24 | — | $-12.4M |
| Q4 25 | — | -727.9% | ||
| Q3 25 | 14.2% | -536.5% | ||
| Q2 25 | — | -518.1% | ||
| Q1 25 | — | -131.4% | ||
| Q4 24 | -12.4% | 46.2% | ||
| Q3 24 | 14.3% | — | ||
| Q2 24 | -8.3% | -687.7% | ||
| Q1 24 | — | -504.0% |
| Q4 25 | — | 60.3% | ||
| Q3 25 | 0.2% | 27.2% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | 0.9% | 41.1% | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 1.2% | 25.0% | ||
| Q1 24 | 0.0% | 12.4% |
| Q4 25 | 0.19× | — | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 4.69× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.38× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 18.36× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ELSE
Segment breakdown not available.
QBTS
| Transferred Over Time | $2.4M | 89% |
| Other | $306.0K | 11% |
