One Stop Systems vs D-Wave Quantum
One Stop Systems reported revenue of $32 million in fiscal 2025, 1.3 times D-Wave Quantum's $25 million in fiscal 2025. One Stop Systems' revenue grew 31.2% in its latest year, and D-Wave Quantum's grew 178.5%. One Stop Systems had an operating margin of -10.5%, against -408.2% at D-Wave Quantum. Free cash flow was −$7 million at One Stop Systems and −$76 million at D-Wave Quantum.
Side by side
| One Stop Systems | D-Wave Quantum | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $32M | $25M |
| Revenue growth | 31.2% | 178.5% |
| Revenue growth a year, last 5 years | −9.1% | 36.5% |
| Gross margin | 49.6% | 82.6% |
| Operating margin | −10.5% | −408.2% |
| Net margin | 15.8% | −1,444.1% |
| Free cash flow | −$7M | −$76M |
| Free cash flow margin | −20.7% | −308.5% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 8.3% | 67.2% |
| Last close | $4.31 | $10.68 |
| P/E at the last close | 71.8× | — |
| Insider trades, last 12 months | — | bought $1,795, sold $107.1 million |
| Piotroski F-score | — | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
One Stop SystemsD-Wave Quantum
Operating margin
Percent of revenue
One Stop SystemsD-Wave Quantum
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
One Stop SystemsD-Wave Quantum
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the One Stop Systems and D-Wave Quantum pages.