D-Wave Quantum Inc. (QBTS) exhibits 82.6% gross margins and -22.6% return on invested capital within Technology (EDP Services), balanced against a 24.0x enterprise multiple and 7.8% implied options volatility.
Sustained 82.6% gross profitability converts into -60.0% operating margin and -22.6% ROIC, outpacing sector cost of capital.
ROIC: -22.6% // GM: 82.6%YoY revenue trajectory of +178.5% paired with -1.73% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +178.5% // FCF YLD: -1.73%Altman Z-Score of 26.00 and Piotroski F-Score of 5/9 indicate low near-term refinancing stress.
ALTMAN Z: 26.00 // F-SCORE: 5/9Trading at 24.0x trailing P/E (27.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: —Options market prices a ±7.8% implied move with a 0.96 put/call ratio around $11.00 max pain.
IMPL MOVE: ±7.8% // P/C: 0.96Elevated industry capital intensity and customer concentration in EDP Services require continuous execution to defend -60.0% net margins.
NET MARGIN: -60.0% // D/E: 0.04x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for QBTS & activate live FRED threshold breach alerts.