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

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

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Columns are period end dates

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