Alpha Technology Group vs D-wave Quantum
D-wave Quantum is the larger business, with $24.6m of revenue in fiscal 2025 against $948,865 for Alpha Technology Group (25.9 times as much). D-wave Quantum grew faster (178.5% against -40.0%). Alpha Technology Group kept more of each dollar of sales as profit: a net margin of -952.0% against -1444.1%. Alpha Technology Group carries less debt relative to equity (1.2% against 4.2%).
| Latest fiscal year | Alpha Technology GroupATGL, 2025 | D-wave QuantumQBTS, 2025 |
|---|---|---|
| Revenue | $948,865 | $24.6m |
| Revenue growth | -40.0% | 178.5% |
| Net income | −$9.0m | −$355m |
| Operating margin | -770.5% | -408.2% |
| Net margin | -952.0% | -1444.1% |
| Return on equity | -184.4% | -77.6% |
| Free cash flow | −$1.8m | −$75.8m |
| Cash | $4.0m | $635m |
| Total debt | $39,154 | $35.8m |
| Debt to equity | 1.2% | 4.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 388 |
| Market value | $149m | $3.81bn |
| Price vs our value range | — | — |
| Moat score | — | 23 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 39 sales |