D-Wave Quantum Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	5,297	9,381	2,239	142	163	28
Market Cap Growth	71.52%	318.91%	1479.31%	-13.12%	489.87%	-2.43%
Enterprise Value	4,456	8,539	2,098	171.77	196.89	245.76
Last Close Price	14.32	26.15	8.40	0.88	1.44	9.82
PE Ratio	-	-23.56	-11.20	-1.47	-3.20	-29.76
PS Ratio	215.45	381.55	253.70	16.19	22.75	4.41
PB Ratio	6.03	11.01	35.75	-5.79	-5.54	-1.51
P/TBV Ratio	5.39	9.86	25.76	-4.96	-5.85	-67.06
P/FCF Ratio	-	-123.69	-50.04	-2.32	-3.58	-0.76
P/OCF Ratio	-	-130.33	-52.52	-2.34	-3.61	-0.80
EV/Sales Ratio	181.24	347.28	237.71	19.61	27.45	39.14
EV/EBITDA Ratio	-	-86.42	-27.57	-2.16	-3.39	-6.57
EV/EBIT Ratio	-	-85.07	-27.17	-2.13	-3.31	-6.31
EV/FCF Ratio	-	-112.58	-46.89	-2.81	-4.31	-6.72
Debt / Equity Ratio	0.05	0.05	0.59	-2.91	-1.38	-2.05
Debt / EBITDA Ratio	-0.44	-0.44	-0.50	-0.91	-0.73	-1.05
Debt / FCF Ratio	-0.57	-0.57	-0.86	-1.19	-0.93	-1.08
Net Debt / Equity Ratio	-0.99	-0.99	-2.23	-1.28	-1.19	-1.63
Net Debt / EBITDA Ratio	8.51	8.51	1.83	-0.39	-0.61	-0.80
Net Debt / FCF Ratio	11.09	11.09	3.12	-0.51	-0.77	-0.82
Asset Turnover	0.04	0.04	0.07	0.20	0.25	0.16
Inventory Turnover	1.92	1.92	1.73	1.94	1.36	0.76
Quick Ratio	41.90	41.90	5.95	3.82	0.50	1.10
Current Ratio	42.38	42.38	6.14	4.18	0.87	1.53
Return on Equity (ROE)	-79.40%	-82.89%	-763.09%	314.71%	224.61%	-570.14%
Return on Assets (ROA)	-17.99%	-17.99%	-59.58%	-186.66%	-210.79%	-101.26%
Return on Invested Capital (ROIC)	-748.51%	-748.51%	-656.80%	-778.97%	-501.31%	-222.25%
Return on Capital Employed (ROCE)	-18.86%	-18.86%	-70.91%	-272.98%	-397.35%	-142.90%
Earnings Yield	-6.70%	-4.24%	-8.93%	-68.17%	-31.25%	-3.36%
FCF Yield	-1.43%	-0.81%	-2.00%	-43.18%	-27.97%	-132.19%
Buyback Yield / Dilution	-67.18%	-67.18%	-39.23%	-15.33%	4.54%	1.43%
Total Shareholder Return	-67.18%	-67.18%	-39.23%	-15.33%	4.54%	1.43%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q