Hub Cyber Security vs D-wave Quantum
Hub Cyber Security is the larger business, with $31.7m of revenue in fiscal 2025 against $24.6m for D-wave Quantum (1.3 times as much). D-wave Quantum grew faster (178.5% against 7.1%). Hub Cyber Security kept more of each dollar of sales as profit: a net margin of -378.3% against -1444.1%.
| Latest fiscal year | Hub Cyber SecurityHUBC, 2025 | D-wave QuantumQBTS, 2025 |
|---|---|---|
| Revenue | $31.7m | $24.6m |
| Revenue growth | 7.1% | 178.5% |
| Net income | −$120m | −$355m |
| Operating margin | -222.0% | -408.2% |
| Net margin | -378.3% | -1444.1% |
| Return on equity | — | -77.6% |
| Free cash flow | −$31.4m | −$75.8m |
| Cash | $1.8m | $635m |
| Total debt | $14.0m | $35.8m |
| Debt to equity | — | 4.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 388 |
| Market value | $219 | $3.81bn |
| Price vs our value range | — | — |
| Moat score | — | 23 (Weak) |
| Insider trades, 12 months | 5 buys, 5 sales | 1 buys, 39 sales |