EHang Holdings Ltd - ADR vs D Wave Quantum Inc — how do they compare? EHang Holdings Ltd - ADR trades at $5.36 (market cap $414.87M), while D Wave Quantum Inc trades at $17.01 (market cap $6.77B). The key difference: D Wave Quantum Inc is far larger — about 16.3× EHang Holdings Ltd - ADR's market cap, and D Wave Quantum Inc is trading nearer its 52-week high, EHang Holdings Ltd - ADR nearer its low. Which is the better fit depends on your goals.
| EH | QBTS | |
|---|---|---|
Market Cap | $414.87M | $6.77B |
Sector | Industrials | Technology |
52-Week High | $19.99 | $44.78 |
52-Week Low | $5.41 | $12.98 |
Enterprise Value | $354.54M | $6.23B |
Signals from Pluang's Aura AI — not financial advice
EHang Holdings (EH) trades at $5.41, down 0.73% on the day, with technical indicators showing bearish momentum and mixed sentiment. The company reported Q1 2026 revenue of $418 million, flat year-over-year but sharply lower than the prior quarter due to delivery timing. Despite a strong gross margin of 61.53%, the company continues to post significant net losses (-$276 million in 2025) with negative ROE and ROA. Recent news highlights both operational progress in eVTOL certification and a $30 million share repurchase program announced in June 2026.
The outlook remains challenging with persistent losses and high cash burn, though analyst consensus suggests modest upside to the $6.97 price target. Key risks include execution on commercialization, competitive pressures in the air mobility sector, and reliance on financing activities to fund operations. The stock presents speculative appeal for investors betting on long-term eVTOL adoption, but requires careful risk management given the current financial profile.
QBTS trades at $17.09, down 9.82% in the last 24 hours amid a broader quantum computing stock selloff. The stock is technically bearish with key support at $17, but oversold RSI levels suggest potential for a bounce. Fundamentally, the company reported a net loss of $355.06 million on $24.59 million revenue in 2025, with a negative net income margin of -2,957.23%, highlighting its pre-profit stage. Recent news includes a Nasdaq listing transfer and IDC MarketScape recognition as a quantum computing leader.
Despite unanimous analyst buy ratings and a $39.86 consensus price target implying significant upside, QBTS faces high execution risk as it burns cash to commercialize quantum technology. Investment appeal hinges on long-term quantum adoption, but near-term volatility and losses warrant caution for risk-tolerant investors speculating on the emerging sector.
Trailing returns across standard periods
EHang Holdings Ltd is an autonomous aerial vehicle (AAV) technology platform company. It focuses on making safe, autonomous and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with AAV products and commercial solutions: air mobility (including passenger transportation and logistics), smart city management and aerial media solutions. As the forerunner of cutting-edge AAV technologies and commercial solutions in the global Urban Air Mobility industry, it continues to explore the boundaries of the sky to make flying technologies benefit life in smart cities.
Read more on EH →D-Wave Quantum Inc. is a global leader in the development and delivery of quantum computing systems, software, and services. The company specializes in annealing quantum computers designed to solve complex optimization problems across industries such as logistics, materials science, and financial modeling. D-Wave offers its technology through the cloud, allowing customers to build and run real-world quantum applications today, making it a key player in the commercialization of quantum computing.
Read more on QBTS →