D-Wave Quantum Inc. (QBTS)

NASDAQ: QBTS · Real-Time Price · USD

16.18

-1.46 (-8.25%)

At close: Jul 29, 2026, 4:00 PM EDT

16.41

+0.23 (1.42%)

Pre-market: Jul 30, 2026, 4:21 AM 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	Jul '26 Jul 29, 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	5,994	9,381	2,239	142	163	28
Market Cap Growth	2.37%	318.91%	1479.31%	-13.12%	489.87%	-2.43%
Enterprise Value	5,452	8,540	2,100	173.14	198.42	247.45
Last Close Price	16.18	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	Jul '26 Jul 29, 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	481.66	381.55	253.70	16.19	22.75	4.41
PB Ratio	5.33	11.01	35.75	-5.79	-5.54	-1.51
P/TBV Ratio	9.75	9.87	25.97	-	-	-

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 29, 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	438.14	347.34	237.88	19.77	27.66	39.41

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 29, 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	0.59	-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)	-1.86%	-77.62%	-753.98%	314.71%	224.60%	-570.14%
Return on Assets (ROA)	-5.33%	-17.99%	-59.58%	-186.66%	-210.79%	-101.26%
Return on Invested Capital (ROIC)	-18.99%	-	-	-272.98%	-397.35%	-222.09%
Return on Capital Employed (ROCE)	-13.92%	-18.86%	-70.91%	-272.98%	-397.35%	-142.90%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 29, 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
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%

SEC Filings: 10-K · 10-Q