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Side-by-side financial comparison of Marathon Bancorp, Inc. (MBBC) and D-Wave Quantum Inc. (QBTS). Click either name above to swap in a different company.
D-Wave Quantum Inc. is the larger business by last-quarter revenue ($2.8M vs $2.2M, roughly 1.2× Marathon Bancorp, Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs -1538.0%, a 1560.3% gap on every dollar of revenue. On growth, Marathon Bancorp, Inc. posted the faster year-over-year revenue change (41.7% vs 19.2%). Marathon Bancorp, Inc. produced more free cash flow last quarter ($1.4M vs $-20.0M). Over the past eight quarters, Marathon Bancorp, Inc.'s revenue compounded faster (20.3% CAGR vs -2.7%).
Marathon Bancorp, Inc. is a Maryland-based financial holding company that primarily operates through its community bank subsidiary. It offers a full range of retail and commercial banking products including deposit accounts, consumer loans, commercial mortgages, and small business financing, serving individual and small-to-medium enterprise customers across local markets in Maryland.
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.
MBBC vs QBTS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2M | $2.8M |
| Net Profit | $501.4K | $-42.3M |
| Gross Margin | — | 64.8% |
| Operating Margin | 26.2% | -1266.0% |
| Net Margin | 22.3% | -1538.0% |
| Revenue YoY | 41.7% | 19.2% |
| Net Profit YoY | 880.7% | 50.8% |
| EPS (diluted) | $0.19 | $-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 | $2.2M | $2.8M | ||
| Q3 25 | $2.1M | $3.7M | ||
| Q2 25 | $1.9M | $3.1M | ||
| Q1 25 | $1.7M | $15.0M | ||
| Q4 24 | $1.6M | $2.3M | ||
| Q3 24 | $1.6M | — | ||
| Q2 24 | $1.6M | $2.2M | ||
| Q1 24 | $1.6M | $2.5M |
| Q4 25 | $501.4K | $-42.3M | ||
| Q3 25 | $444.3K | $-140.0M | ||
| Q2 25 | $-332.0K | $-167.3M | ||
| Q1 25 | $148.4K | $-5.4M | ||
| Q4 24 | $51.1K | $-86.1M | ||
| Q3 24 | $174.9K | — | ||
| Q2 24 | $85.8K | $-17.8M | ||
| Q1 24 | $-631.1K | $-17.3M |
| Q4 25 | — | 64.8% | ||
| Q3 25 | — | 71.4% | ||
| Q2 25 | — | 63.8% | ||
| Q1 25 | — | 92.5% | ||
| Q4 24 | — | 63.8% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 63.6% | ||
| Q1 24 | — | 67.3% |
| Q4 25 | 26.2% | -1266.0% | ||
| Q3 25 | 25.5% | -741.8% | ||
| Q2 25 | -25.7% | -856.3% | ||
| Q1 25 | 11.6% | -75.3% | ||
| Q4 24 | 3.3% | -876.2% | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 4.1% | -863.0% | ||
| Q1 24 | -53.7% | -710.6% |
| Q4 25 | 22.3% | -1538.0% | ||
| Q3 25 | 20.7% | -3743.9% | ||
| Q2 25 | -18.9% | -5406.4% | ||
| Q1 25 | 8.9% | -36.1% | ||
| Q4 24 | 3.2% | -3727.9% | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 6.2% | -814.4% | ||
| Q1 24 | -40.7% | -702.3% |
| Q4 25 | $0.19 | $-0.13 | ||
| Q3 25 | $0.17 | $-0.41 | ||
| Q2 25 | $-0.13 | $-0.55 | ||
| Q1 25 | $0.07 | $-0.02 | ||
| Q4 24 | $0.02 | $-0.43 | ||
| Q3 24 | $0.06 | — | ||
| Q2 24 | $0.07 | $-0.10 | ||
| Q1 24 | $-0.31 | $-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 | — | $884.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $46.9M | $852.2M |
| Total Assets | $248.0M | $915.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $884.5M | ||
| Q3 25 | — | $836.2M | ||
| Q2 25 | — | $819.3M | ||
| Q1 25 | — | $304.3M | ||
| Q4 24 | — | $178.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $46.9M | $852.2M | ||
| Q3 25 | $46.3M | $670.6M | ||
| Q2 25 | $45.7M | $694.3M | ||
| Q1 25 | $32.0M | $207.4M | ||
| Q4 24 | $31.7M | $62.6M | ||
| Q3 24 | $31.6M | — | ||
| Q2 24 | $31.3M | $-21.5M | ||
| Q1 24 | $31.4M | $-37.0M |
| Q4 25 | $248.0M | $915.8M | ||
| Q3 25 | $246.0M | $865.8M | ||
| Q2 25 | $238.8M | $843.6M | ||
| Q1 25 | $236.8M | $325.6M | ||
| Q4 24 | $217.9M | $199.9M | ||
| Q3 24 | $216.5M | — | ||
| Q2 24 | $219.3M | $61.8M | ||
| Q1 24 | $225.8M | $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 | $1.4M | $-18.4M |
| Free Cash FlowOCF − Capex | $1.4M | $-20.0M |
| FCF MarginFCF / Revenue | 62.3% | -727.9% |
| Capex IntensityCapex / Revenue | 0.6% | 60.3% |
| Cash ConversionOCF / Net Profit | 2.82× | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $-75.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4M | $-18.4M | ||
| Q3 25 | $464.0K | $-19.0M | ||
| Q2 25 | $1.4M | $-15.3M | ||
| Q1 25 | $849.0K | $-19.3M | ||
| Q4 24 | $113.6K | $2.0M | ||
| Q3 24 | $945.2K | — | ||
| Q2 24 | $416.6K | $-14.5M | ||
| Q1 24 | $-802.1K | $-12.1M |
| Q4 25 | $1.4M | $-20.0M | ||
| Q3 25 | $456.6K | $-20.1M | ||
| Q2 25 | $1.3M | $-16.0M | ||
| Q1 25 | $773.2K | $-19.7M | ||
| Q4 24 | $105.0K | $1.1M | ||
| Q3 24 | $921.6K | — | ||
| Q2 24 | $-1.8M | $-15.0M | ||
| Q1 24 | $-1.1M | $-12.4M |
| Q4 25 | 62.3% | -727.9% | ||
| Q3 25 | 21.3% | -536.5% | ||
| Q2 25 | 66.0% | -518.1% | ||
| Q1 25 | 46.3% | -131.4% | ||
| Q4 24 | 6.6% | 46.2% | ||
| Q3 24 | 57.1% | — | ||
| Q2 24 | -118.5% | -687.7% | ||
| Q1 24 | -67.9% | -504.0% |
| Q4 25 | 0.6% | 60.3% | ||
| Q3 25 | 0.3% | 27.2% | ||
| Q2 25 | 9.3% | 24.2% | ||
| Q1 25 | 4.5% | 2.9% | ||
| Q4 24 | 0.5% | 41.1% | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 145.2% | 25.0% | ||
| Q1 24 | 16.2% | 12.4% |
| Q4 25 | 2.82× | — | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.72× | — | ||
| Q4 24 | 2.22× | — | ||
| Q3 24 | 5.40× | — | ||
| Q2 24 | 4.85× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MBBC
Segment breakdown not available.
QBTS
| Transferred Over Time | $2.4M | 89% |
| Other | $306.0K | 11% |
