Obook Holdings vs D-wave Quantum
D-wave Quantum is the larger business, with $24.6m of revenue in fiscal 2025 against $7.9m for Obook Holdings (3.1 times as much). D-wave Quantum grew faster (178.5% against 3.9%). Obook Holdings kept more of each dollar of sales as profit: a net margin of -405.2% against -1444.1%.
| Latest fiscal year | Obook HoldingsOWLS, 2025 | D-wave QuantumQBTS, 2025 |
|---|---|---|
| Revenue | $7.9m | $24.6m |
| Revenue growth | 3.9% | 178.5% |
| Net income | −$31.9m | −$355m |
| Operating margin | -409.8% | -408.2% |
| Net margin | -405.2% | -1444.1% |
| Return on equity | — | -77.6% |
| Free cash flow | −$12.1m | −$75.8m |
| Cash | $9.4m | $635m |
| Total debt | $835,043 | $35.8m |
| Debt to equity | — | 4.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 388 |
| Market value | $201m | $3.81bn |
| Price vs our value range | — | — |
| Moat score | — | 23 (Weak) |
| Insider trades, 12 months | 8 buys, 0 sales | 1 buys, 39 sales |