D-Wave Quantum (QBTS) vs Waystar (WAY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Waystar (WAY) has outperformed D-Wave Quantum (QBTS) over the past year, losing 32.0% versus a loss of 57.4%. D-Wave Quantum is the larger company by market cap ($5.47 billion vs $5.11 billion), about 1.1 times the size. Waystar converts more of its revenue into profit, with a net margin of 10.2% versus -1444.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | QBTS | WAY |
|---|---|---|
| Share price | $14.40 | $26.63 |
| Market cap | $5.47B | $5.11B |
| 1-day change | -5.38% | +3.34% |
| YTD return | -41.80% | -21.31% |
| 1-year return | -57.39% | -32.02% |
| 5-year return | +55.15% | — |
| P/E ratio (TTM) | — | 38.04 |
| Forward P/E | — | 14.17 |
| EPS (TTM) | $-0.69 | $0.70 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $24.59M | $1.10B |
| Revenue growth (YoY) | +178.54% | +16.50% |
| Net income (latest FY) | $-355.06M | $112.09M |
| Gross margin | 82.59% | 68.33% |
| Operating margin | -408.22% | 22.68% |
| Net margin | -1444.10% | 10.20% |
| 52-week high | $46.75 | $40.35 |
| 52-week low | $12.75 | $17.26 |
| Distance from 52-week high | -69.20% | -34.00% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +140.61% | +26.81% |
| Average volume | 16.69M | 2.45M |
| Shares outstanding | 376.45M | 191.75M |
| Employees | 382 | 1,700 |
| Sector | Technology | Technology |
| Industry | EDP Services | EDP Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- WAY has outperformed QBTS by 25.4 percentage points over the past year.
- Waystar is more profitable, keeping 10.2 cents of every revenue dollar as net income versus -1444.1 cents for D-Wave Quantum.
- D-Wave Quantum grew revenue faster in its latest fiscal year (+178.54% vs +16.50%).
About D-Wave Quantum
QBTS stock →D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide.
Technology · EDP Services · 382 employees
About Waystar
WAY stock →Waystar Holding Corp. develops a cloud-based software solution for healthcare payments.
Technology · EDP Services · 1,700 employees
QBTS vs WAY FAQ
Which is bigger, D-Wave Quantum or Waystar?
D-Wave Quantum (QBTS) is larger, with a market capitalization of $5.47B compared with $5.11B for Waystar (WAY).
Which stock has performed better over the past year, QBTS or WAY?
WAY returned -32.02% over the past 12 months, compared with -57.39% for QBTS (price return, excluding dividends). Past performance does not predict future results.
Are D-Wave Quantum and Waystar in the same industry?
Yes. Both are classified in the EDP Services industry within the Technology sector.