D-Wave Quantum Inc. (QBTS)

D-Wave Quantum Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 20, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	7,143	9,381	2,239	142	163	28
Market Cap Growth	209.95%	318.91%	1479.32%	-13.12%	489.87%	-2.43%
Enterprise Value	6,339	8,539	2,098	171.77	196.89	245.76
Last Close Price	19.31	26.15	8.40	0.88	1.44	9.82
PS Ratio	552.91	381.55	253.70	16.19	22.75	4.41
PB Ratio	5.99	11.01	35.75	-5.79	-5.54	-1.51
P/TBV Ratio	5.86	9.86	25.76	-4.96	-5.85	-67.06
EV/Sales Ratio	509.39	347.28	237.71	19.61	27.45	39.14
Debt / Equity Ratio	0.04	0.05	0.59	-2.91	-1.38	-2.05
Net Debt / Equity Ratio	-0.48	-0.99	-2.23	-1.28	-1.19	-1.63
Net Debt / EBITDA Ratio	3.90	8.51	1.83	-0.39	-0.61	-0.80
Net Debt / FCF Ratio	5.30	11.09	3.12	-0.51	-0.77	-0.82
Asset Turnover	0.01	0.04	0.07	0.20	0.25	0.16
Inventory Turnover	1.47	1.92	1.73	1.94	1.36	0.76
Quick Ratio	21.06	41.90	5.95	3.82	0.50	1.10
Current Ratio	21.41	42.38	6.14	4.18	0.87	1.53
Return on Equity (ROE)	-37.99%	-77.62%	-753.98%	314.71%	224.60%	-570.14%
Return on Assets (ROA)	-12.64%	-17.99%	-59.58%	-186.66%	-210.79%	-101.26%
Return on Invested Capital (ROIC)	-43.91%	-748.51%	-656.80%	-778.98%	-501.31%	-222.25%
Return on Capital Employed (ROCE)	-13.92%	-18.86%	-70.91%	-272.98%	-397.35%	-142.90%
Buyback Yield / Dilution	-52.84%	-67.18%	-39.23%	-15.33%	4.54%	1.43%
Total Shareholder Return	-52.84%	-67.18%	-39.23%	-15.33%	4.54%	1.43%

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q