vs
D-Wave Quantum Inc.（QBTS）与Rithm Property Trust Inc.（RPT）财务数据对比。点击上方公司名可切换其他公司
Rithm Property Trust Inc.的季度营收约是D-Wave Quantum Inc.的1.2倍（$3.4M vs $2.8M），Rithm Property Trust Inc.净利率更高（95.4% vs -1538.0%，领先1633.4%），D-Wave Quantum Inc.同比增速更快（19.2% vs -39.7%），过去两年D-Wave Quantum Inc.的营收复合增速更高（-2.7% vs -43.2%）
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。
Rithm Property Trust Inc.旗下的里思资本是一家总部位于纽约的美国投资管理公司，核心业务聚焦于房地产投资及另类投资领域，是该赛道颇具影响力的专业投资机构。
QBTS vs RPT — 直观对比
营收规模更大
RPT
是对方的1.2倍
$2.8M
营收增速更快
QBTS
高出58.9%
-39.7%
净利率更高
RPT
高出1633.4%
-1538.0%
两年增速更快
QBTS
近两年复合增速
-43.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8M | $3.4M |
| 净利润 | $-42.3M | $3.2M |
| 毛利率 | 64.8% | — |
| 营业利润率 | -1266.0% | 99.6% |
| 净利率 | -1538.0% | 95.4% |
| 营收同比 | 19.2% | -39.7% |
| 净利润同比 | 50.8% | 11.2% |
| 每股收益（稀释后） | $-0.13 | $-0.26 |
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QBTSRPT
| Q4 25 | $2.8M | $3.4M | ||
| Q3 25 | $3.7M | $4.0M | ||
| Q2 25 | $3.1M | $4.2M | ||
| Q1 25 | $15.0M | $249.0K | ||
| Q4 24 | $2.3M | — | ||
| Q2 24 | $2.2M | — | ||
| Q1 24 | $2.5M | — | ||
| Q4 23 | $2.9M | — |
净利润QBTSRPT
| Q4 25 | $-42.3M | $3.2M | ||
| Q3 25 | $-140.0M | $-273.0K | ||
| Q2 25 | $-167.3M | $1.9M | ||
| Q1 25 | $-5.4M | $-3.4M | ||
| Q4 24 | $-86.1M | — | ||
| Q2 24 | $-17.8M | — | ||
| Q1 24 | $-17.3M | — | ||
| Q4 23 | $-16.0M | — |
毛利率QBTSRPT
| Q4 25 | 64.8% | — | ||
| Q3 25 | 71.4% | — | ||
| Q2 25 | 63.8% | — | ||
| Q1 25 | 92.5% | — | ||
| Q4 24 | 63.8% | — | ||
| Q2 24 | 63.6% | — | ||
| Q1 24 | 67.3% | — | ||
| Q4 23 | 67.7% | — |
营业利润率QBTSRPT
| Q4 25 | -1266.0% | 99.6% | ||
| Q3 25 | -741.8% | -6.2% | ||
| Q2 25 | -856.3% | 45.7% | ||
| Q1 25 | -75.3% | -1416.5% | ||
| Q4 24 | -876.2% | — | ||
| Q2 24 | -863.0% | — | ||
| Q1 24 | -710.6% | — | ||
| Q4 23 | -569.2% | — |
净利率QBTSRPT
| Q4 25 | -1538.0% | 95.4% | ||
| Q3 25 | -3743.9% | -6.8% | ||
| Q2 25 | -5406.4% | 45.1% | ||
| Q1 25 | -36.1% | -1363.1% | ||
| Q4 24 | -3727.9% | — | ||
| Q2 24 | -814.4% | — | ||
| Q1 24 | -702.3% | — | ||
| Q4 23 | -551.1% | — |
每股收益（稀释后）QBTSRPT
| Q4 25 | $-0.13 | $-0.26 | ||
| Q3 25 | $-0.41 | $-0.03 | ||
| Q2 25 | $-0.55 | $0.01 | ||
| Q1 25 | $-0.02 | $-0.08 | ||
| Q4 24 | $-0.43 | — | ||
| Q2 24 | $-0.10 | — | ||
| Q1 24 | $-0.11 | — | ||
| Q4 23 | $-0.07 | — |
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 | $79.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $852.2M | $291.6M |
| 总资产 | $915.8M | $1.0B |
| 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QBTSRPT
| Q4 25 | $884.5M | $79.3M | ||
| Q3 25 | $836.2M | $81.4M | ||
| Q2 25 | $819.3M | $98.6M | ||
| Q1 25 | $304.3M | $97.4M | ||
| Q4 24 | $178.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $41.3M | — |
股东权益QBTSRPT
| Q4 25 | $852.2M | $291.6M | ||
| Q3 25 | $670.6M | $291.7M | ||
| Q2 25 | $694.3M | $294.7M | ||
| Q1 25 | $207.4M | $296.1M | ||
| Q4 24 | $62.6M | — | ||
| Q2 24 | $-21.5M | — | ||
| Q1 24 | $-37.0M | — | ||
| Q4 23 | $-24.5M | — |
总资产QBTSRPT
| Q4 25 | $915.8M | $1.0B | ||
| Q3 25 | $865.8M | $1.0B | ||
| Q2 25 | $843.6M | $1.0B | ||
| Q1 25 | $325.6M | $1.0B | ||
| Q4 24 | $199.9M | — | ||
| Q2 24 | $61.8M | — | ||
| Q1 24 | $48.6M | — | ||
| Q4 23 | $59.4M | — |
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 | $-8.3M |
| 自由现金流经营现金流 - 资本支出 | $-20.0M | — |
| 自由现金流率自由现金流/营收 | -727.9% | — |
| 资本支出强度资本支出/营收 | 60.3% | — |
| 现金转化率经营现金流/净利润 | — | -2.56× |
| 过去12个月自由现金流最近4个季度 | $-75.8M | — |
8季度趋势，按日历期对齐
经营现金流QBTSRPT
| Q4 25 | $-18.4M | $-8.3M | ||
| Q3 25 | $-19.0M | $-5.8M | ||
| Q2 25 | $-15.3M | $-25.0K | ||
| Q1 25 | $-19.3M | $-1.6M | ||
| Q4 24 | $2.0M | — | ||
| Q2 24 | $-14.5M | — | ||
| Q1 24 | $-12.1M | — | ||
| Q4 23 | $-14.7M | — |
自由现金流QBTSRPT
| Q4 25 | $-20.0M | — | ||
| Q3 25 | $-20.1M | — | ||
| Q2 25 | $-16.0M | — | ||
| Q1 25 | $-19.7M | — | ||
| Q4 24 | $1.1M | — | ||
| Q2 24 | $-15.0M | — | ||
| Q1 24 | $-12.4M | — | ||
| Q4 23 | $-15.2M | — |
自由现金流率QBTSRPT
| Q4 25 | -727.9% | — | ||
| Q3 25 | -536.5% | — | ||
| Q2 25 | -518.1% | — | ||
| Q1 25 | -131.4% | — | ||
| Q4 24 | 46.2% | — | ||
| Q2 24 | -687.7% | — | ||
| Q1 24 | -504.0% | — | ||
| Q4 23 | -522.4% | — |
资本支出强度QBTSRPT
| Q4 25 | 60.3% | — | ||
| Q3 25 | 27.2% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 41.1% | — | ||
| Q2 24 | 25.0% | — | ||
| Q1 24 | 12.4% | — | ||
| Q4 23 | 15.2% | — |
现金转化率QBTSRPT
| Q4 25 | — | -2.56× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.01× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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
| Transferred Over Time | $2.4M | 89% |
| Other | $306.0K | 11% |
RPT
暂无分部数据
