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.

13.74 0.83 −5.70%

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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

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
Piotroski F-Score Full definition →	+8 more TTM periods Free account	5	5	4	3
ROE Full definition →		(122.03%)	(77.62%)	(55.27%)	(27.98%)
ROA Full definition →		(87.14%)	(63.65%)	(48.25%)	(24.84%)
ROIC Full definition →		0.00%	(1,691.75%)	(15.73%)	(18.64%)
Return on Tangible Assets Full definition →		(47.58%)	(40.21%)	(61.97%)	(44.78%)
Average Days of Receivables Full definition →		29.13	23.56	261.37	59.31
Free Cash Flow per Share Full definition →		(0.16)	(0.24)	(0.28)	(0.32)
Free Cash Flow Full definition →		(55.08)	(76.29)	(102.72)	(119.75)
Capital Expenditures Full definition →		(3.49)	(4.31)	(5.05)	(8.87)
Other line items
Cash ROIC Full definition →		(3.58%)	(4.30%)	(5.88%)	(7.20%)
Accounts Receivable Turnover Full definition →		14.27	16.35	2.50	7.18
Accounts Payable Turnover Full definition →		4.92	4.85	3.08	1.56
Inventory Turnover Full definition →		1.75	1.92	1.82	1.50
Average Days of Payables Full definition →		87.27	81.00	148.45	370.82
Days of Inventory on Hand Full definition →		249.05	236.68	253.51	286.09
Tax Rate Full definition →		0.00	0.00	0.00	(0.10)
Research and Development Expense of Revenue Full definition →		193.87%	206.34%	532.30%	658.22%
Selling, General and Administrative Expense of Revenue Full definition →		244.15%	284.46%	689.59%	778.84%
Share Based Compensation of Revenue Full definition →		86.96%	92.15%	214.42%	250.50%
Interest Coverage Full definition →		(81.68)	(25.01)	(35.54)	(41.66)
Operating CF/Net income Full definition →		0.13	0.20	0.27	0.45
Depreciation/Fixed assets Full definition →		0.39	0.29	0.39	0.47
Capex/Depreciation Full definition →		(1.58)	(1.87)	(0.86)	(0.85)
Revenue per Share Full definition →		0.07	0.08	0.03	0.03
Operating CF per Share Full definition →		(0.15)	(0.22)	(0.27)	(0.30)
Capex per Share Full definition →		(0.01)	(0.01)	(0.01)	(0.02)
Capex to Sales Full definition →		0.14	0.18	0.41	0.71

Fold the line items

Columns are period end dates

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