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D-Wave Quantum Inc.（QBTS）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是D-Wave Quantum Inc.的263.7倍（$725.6M vs $2.8M）。Reddit, Inc.净利率更高（34.7% vs -1538.0%，领先1572.7%）。Reddit, Inc.同比增速更快（69.7% vs 19.2%）。Reddit, Inc.自由现金流更多（$263.6M vs $-20.0M）。过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 5.7%）
D-Wave量子公司是专注量子计算领域的科技企业，在美国加利福尼亚州帕洛阿尔托、加拿大不列颠哥伦比亚省本拿比均设有办公点。该公司自称是全球首家销售基于量子效应运行的计算机的企业，客户包括洛克希德·马丁、南加州大学、谷歌与NASA联合项目、洛斯阿拉莫斯国家实验室等。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
QBTS vs RDDT — 直观对比
营收规模更大
RDDT
是对方的263.7倍
$2.8M
营收增速更快
RDDT
高出50.5%
19.2%
净利率更高
RDDT
高出1572.7%
-1538.0%
自由现金流更多
RDDT
多$283.7M
$-20.0M
两年增速更快
RDDT
近两年复合增速
5.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8M | $725.6M |
| 净利润 | $-42.3M | $251.6M |
| 毛利率 | 64.8% | 91.9% |
| 营业利润率 | -1266.0% | 31.9% |
| 净利率 | -1538.0% | 34.7% |
| 营收同比 | 19.2% | 69.7% |
| 净利润同比 | 50.8% | 254.2% |
| 每股收益（稀释后） | $-0.13 | $1.24 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收QBTSRDDT
| Q4 25 | $2.8M | $725.6M | ||
| Q3 25 | $3.7M | $584.9M | ||
| Q2 25 | $3.1M | $499.6M | ||
| Q1 25 | $15.0M | $392.4M | ||
| Q4 24 | $2.3M | $427.7M | ||
| Q3 24 | $1.9M | $348.4M | ||
| Q2 24 | $2.2M | $281.2M | ||
| Q1 24 | $2.5M | $243.0M |
净利润QBTSRDDT
| Q4 25 | $-42.3M | $251.6M | ||
| Q3 25 | $-140.0M | $162.7M | ||
| Q2 25 | $-167.3M | $89.3M | ||
| Q1 25 | $-5.4M | $26.2M | ||
| Q4 24 | $-86.1M | $71.0M | ||
| Q3 24 | $-22.7M | $29.9M | ||
| Q2 24 | $-17.8M | $-10.1M | ||
| Q1 24 | $-17.3M | $-575.1M |
毛利率QBTSRDDT
| Q4 25 | 64.8% | 91.9% | ||
| Q3 25 | 71.4% | 91.0% | ||
| Q2 25 | 63.8% | 90.8% | ||
| Q1 25 | 92.5% | 90.5% | ||
| Q4 24 | 63.8% | 92.6% | ||
| Q3 24 | 55.8% | 90.1% | ||
| Q2 24 | 63.6% | 89.5% | ||
| Q1 24 | 67.3% | 88.6% |
营业利润率QBTSRDDT
| Q4 25 | -1266.0% | 31.9% | ||
| Q3 25 | -741.8% | 23.7% | ||
| Q2 25 | -856.3% | 13.6% | ||
| Q1 25 | -75.3% | 1.0% | ||
| Q4 24 | -876.2% | 12.4% | ||
| Q3 24 | -1103.5% | 2.0% | ||
| Q2 24 | -863.0% | -11.0% | ||
| Q1 24 | -710.6% | -242.5% |
净利率QBTSRDDT
| Q4 25 | -1538.0% | 34.7% | ||
| Q3 25 | -3743.9% | 27.8% | ||
| Q2 25 | -5406.4% | 17.9% | ||
| Q1 25 | -36.1% | 6.7% | ||
| Q4 24 | -3727.9% | 16.6% | ||
| Q3 24 | -1214.5% | 8.6% | ||
| Q2 24 | -814.4% | -3.6% | ||
| Q1 24 | -702.3% | -236.7% |
每股收益（稀释后）QBTSRDDT
| Q4 25 | $-0.13 | $1.24 | ||
| Q3 25 | $-0.41 | $0.80 | ||
| Q2 25 | $-0.55 | $0.45 | ||
| Q1 25 | $-0.02 | $0.13 | ||
| Q4 24 | $-0.43 | $4.76 | ||
| Q3 24 | $-0.11 | $0.16 | ||
| Q2 24 | $-0.10 | $-0.06 | ||
| Q1 24 | $-0.11 | $-8.19 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $884.5M | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $852.2M | $2.9B |
| 总资产 | $915.8M | $3.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资QBTSRDDT
| Q4 25 | $884.5M | $953.6M | ||
| Q3 25 | $836.2M | $911.7M | ||
| Q2 25 | $819.3M | $734.1M | ||
| Q1 25 | $304.3M | $635.7M | ||
| Q4 24 | $178.0M | $562.1M | ||
| Q3 24 | — | $515.9M | ||
| Q2 24 | — | $468.0M | ||
| Q1 24 | — | $968.5M |
股东权益QBTSRDDT
| Q4 25 | $852.2M | $2.9B | ||
| Q3 25 | $670.6M | $2.6B | ||
| Q2 25 | $694.3M | $2.4B | ||
| Q1 25 | $207.4M | $2.2B | ||
| Q4 24 | $62.6M | $2.1B | ||
| Q3 24 | $-16.9M | $2.0B | ||
| Q2 24 | $-21.5M | $1.9B | ||
| Q1 24 | $-37.0M | $1.8B |
总资产QBTSRDDT
| Q4 25 | $915.8M | $3.2B | ||
| Q3 25 | $865.8M | $2.9B | ||
| Q2 25 | $843.6M | $2.6B | ||
| Q1 25 | $325.6M | $2.4B | ||
| Q4 24 | $199.9M | $2.3B | ||
| Q3 24 | $49.6M | $2.2B | ||
| Q2 24 | $61.8M | $2.1B | ||
| Q1 24 | $48.6M | $2.0B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-18.4M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $-20.0M | $263.6M |
| 自由现金流率自由现金流/营收 | -727.9% | 36.3% |
| 资本支出强度资本支出/营收 | 60.3% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $-75.8M | $684.2M |
8季度趋势，按日历期对齐
经营现金流QBTSRDDT
| Q4 25 | $-18.4M | $266.8M | ||
| Q3 25 | $-19.0M | $185.2M | ||
| Q2 25 | $-15.3M | $111.3M | ||
| Q1 25 | $-19.3M | $127.6M | ||
| Q4 24 | $2.0M | $90.0M | ||
| Q3 24 | $-18.1M | $71.6M | ||
| Q2 24 | $-14.5M | $28.4M | ||
| Q1 24 | $-12.1M | $32.1M |
自由现金流QBTSRDDT
| Q4 25 | $-20.0M | $263.6M | ||
| Q3 25 | $-20.1M | $183.1M | ||
| Q2 25 | $-16.0M | $110.8M | ||
| Q1 25 | $-19.7M | $126.6M | ||
| Q4 24 | $1.1M | $89.2M | ||
| Q3 24 | $-18.4M | $70.3M | ||
| Q2 24 | $-15.0M | $27.2M | ||
| Q1 24 | $-12.4M | $29.2M |
自由现金流率QBTSRDDT
| Q4 25 | -727.9% | 36.3% | ||
| Q3 25 | -536.5% | 31.3% | ||
| Q2 25 | -518.1% | 22.2% | ||
| Q1 25 | -131.4% | 32.3% | ||
| Q4 24 | 46.2% | 20.8% | ||
| Q3 24 | -982.8% | 20.2% | ||
| Q2 24 | -687.7% | 9.7% | ||
| Q1 24 | -504.0% | 12.0% |
资本支出强度QBTSRDDT
| Q4 25 | 60.3% | 0.4% | ||
| Q3 25 | 27.2% | 0.4% | ||
| Q2 25 | 24.2% | 0.1% | ||
| Q1 25 | 2.9% | 0.2% | ||
| Q4 24 | 41.1% | 0.2% | ||
| Q3 24 | 16.4% | 0.4% | ||
| Q2 24 | 25.0% | 0.4% | ||
| Q1 24 | 12.4% | 1.2% |
现金转化率QBTSRDDT
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
QBTS
暂无分部数据
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
