Monday 12 October 2026 Export all QBTS data to Excel Powerpack

D-Wave Quantum Inc.

D-Wave Quantum Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.6 million, up 178.5% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 76.4%, free cash flow fell 105.8% and total debt rose 9.27%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

13.75 0.82 −5.63%

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Market cap: $5.5B
P/E: 0.0×
Fwd P/E: −59.8×
Dividend yield: —
F-score: 5/9
Altman Z: 78.57
Beneish M: −2.93
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Jun '26	Mar '26	Dec '25	Sep '25	Older periods
P/E ratio Full definition →	0.00	0.00	0.00	0.00	+8 more quarters Free account
P/S ratio Full definition →	716.01	426.12	341.62	350.23
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00
P/Operating CF Full definition →	(312.12)	(117.94)	(457.19)	(443.99)
P/B ratio Full definition →	8.21	4.72	9.86	12.61
Price to Tangible BV Full definition →	16.83	9.36	9.87	12.63
EV/Sales Full definition →	674.87	381.69	307.11	316.93
EV/EBITDA Full definition →	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	(75.62)	(48.63)	(104.90)	(148.31)
EV/FCF Full definition →	(69.92)	(46.17)	(98.76)	(138.49)
Quick Ratio Full definition →	20.09	21.06	41.90	54.03
Current Ratio Full definition →	20.55	21.41	42.38	54.68
Net Debt/EBITDA Full definition →	10.61	10.93	24.84	29.59
Debt/Assets Full definition →	3.02%	2.96%	3.93%	3.72%
Debt/Equity Full definition →	0.03	0.03	0.04	0.05
Asset Turnover Full definition →	0.01	0.02	0.04	0.05
Operating CF/Net income Full definition →	0.59	2.45	0.43	0.14
Capex/Depreciation Full definition →	(0.91)	(0.30)	(2.63)	(2.13)
Interest Coverage Full definition →	(208.93)	(211.30)	(10.31)	(137.99)
Research and Development Expense of Revenue Full definition →	918.04%	902.48%	496.98%	376.44%
Selling, General and Administrative Expense of Revenue Full definition →	869.41%	1,076.00%	833.79%	436.75%
Intangible Assets out of Total Assets Full definition →	0.48	0.47	0.00	0.00
Share Based Compensation of Revenue Full definition →	361.28%	280.58%	201.24%	172.64%
Graham Net Nets Full definition →	0.05	0.10	0.10	0.08
Graham Number Full definition →	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	(2.96%)	(7.83%)	(4.21%)	(5.46%)
Free Cash Flow Yield Full definition →	(1.35%)	(1.94%)	(0.91%)	(0.65%)
Revenue per Share Full definition →	0.01	0.01	0.01	0.01
Operating CF per Share Full definition →	(0.08)	(0.12)	(0.06)	(0.06)
Capex per Share Full definition →	(0.01)	0.00	(0.01)	0.00
Free Cash Flow per Share Full definition →	(0.09)	(0.13)	(0.06)	(0.06)
Cash per Share Full definition →	1.47	1.60	2.75	2.44
Shareholders Equity per Share Full definition →	2.92	3.06	2.65	1.96
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00
Book value per Share Full definition →	2.92	3.06	2.65	1.96
Free Cash Flow Full definition →	(33.14)	(46.20)	(20.15)	(20.25)
Working Capital Full definition →	533.31	578.75	875.08	832.63
Capital Expenditures Full definition →	(4.64)	(1.24)	(1.78)	(1.21)
Net Current Asset Value Full definition →	485.27	531.55	832.65	652.87
EV/EBIT Full definition →	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	1.51	0.44	0.65	0.32
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00
Other line items
Average Receivables Full definition →	1.73	4.98	1.50	1.69
Average Payables Full definition →	2.86	1.36	0.88	0.84
Average Inventory Full definition →	2.97	2.31	2.23	2.37
Average Assets Full definition →	1,001.02	762.71	557.83	457.69
Average Common Equity Full definition →	888.68	665.82	457.44	326.82

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Columns are period end dates

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