D-Wave Quantum Inc. (QBTS)

NASDAQ: QBTS · Real-Time Price · USD

17.20

+0.21 (1.24%)

At close: Aug 31, 2026, 4:00 PM EDT

17.21

+0.01 (0.06%)

After-hours: Aug 31, 2026, 7:59 PM EDT

D-Wave Quantum Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 31, 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 Capitalization	6,406	9,156	2,261	141	161	368
Market Cap Growth	19.91%	304.96%	1506.27%	-12.34%	-56.40%	-5.67%
Enterprise Value	5,908	8,359	2,286	135	170	-
Last Close Price	17.20	26.15	8.40	0.88	1.44	9.82

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 31, 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
PS Ratio	515.57	372.38	256.13	16.07	22.39	58.65
PB Ratio	5.91	10.74	36.09	-5.75	-5.45	121.94
P/TBV Ratio	12.12	10.76	36.37	-	-	-

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 31, 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
EV/Sales Ratio	475.48	339.99	259.00	15.41	23.71	-

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 31, 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
Debt / Equity Ratio	0.04	0.05	0.61	-2.97	-1.43	7.01
Net Debt / Equity Ratio	-0.46	-0.99	-2.23	-1.28	-1.19	3.87
Net Debt / EBITDA Ratio	3.09	8.51	1.83	-0.39	-0.61	-0.31
Net Debt / FCF Ratio	4.18	11.09	3.12	-0.51	-0.77	-0.32
Asset Turnover	0.01	0.04	0.07	0.20	0.24	0.16
Inventory Turnover	1.50	1.92	1.73	1.94	1.36	0.76
Quick Ratio	20.20	42.05	5.96	3.82	0.51	1.43
Current Ratio	20.55	42.38	6.14	4.18	0.87	1.86
Return on Equity (ROE)	-27.98%	-77.62%	-753.98%	-	-	-176.48%
Return on Assets (ROA)	-10.65%	-11.24%	-37.24%	-116.66%	-124.79%	-60.80%
Return on Capital Employed (ROCE)	-15.10%	-11.20%	-45.50%	-167.40%	-545.10%	-174.50%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 31, 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
Earnings Yield	-3.88%	-3.88%	-6.36%	-58.77%	-33.45%	-8.57%
FCF Yield	-1.86%	-0.83%	-1.98%	-43.50%	-28.43%	-9.93%
Buyback Yield / Dilution	-40.09%	-67.18%	-39.23%	-15.33%	-3678.01%	-

SEC Filings: 10-K · 10-Q