stockrowD-Wave Quantum Inc.
QBTS Technology Computer Hardware
D-Wave Quantum Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.6 million, up 178.5% from fiscal 2024.
- Revenue
- −0.61%
- EPS
- +76.4%
- Free cash flow
- −105.8%
- Total debt
- +9.27%
Quarter to June 2026, against a year earlier
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D-Wave Quantum Inc. (QBTS) Current ratio
D-Wave Quantum Inc.'s current ratio at the end of the quarter to 30 June 2026 was 20.5×, down 21.8× from fiscal 2025 (42.4×). Over the past ten years it has ranged from 0.9× (fiscal 2022) to 42.4× (fiscal 2025) — the current reading is the highest in ten years. That is above the Computer Hardware industry median of 2.8× and above the Technology sector median of 1.9×.
Current ratio, annual
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Annual newest first
| Period | Current ratio | Change |
|---|---|---|
| FY2025 | 42.4× | 590.40% |
| FY2024 | 6.1× | 46.78% |
| FY2023 | 4.2× | 381.73% |
| FY2022 | 0.9× | (43.37%) |
| FY2021 | 1.5× | (71.91%) |
| FY2020 | 5.5× | — |
Quarterly newest first
| Period | Current ratio | Change |
|---|---|---|
| Jun 2026 | 20.5× | (4.04%) |
| Mar 2026 | 21.4× | (49.48%) |
| Dec 2025 | 42.4× | (22.49%) |
| Sep 2025 | 54.7× | 27.19% |
| 20 more quarters | Free account |
Against its own ten years
Current ratio against peers
| Company | Current ratio |
|---|---|
| QBTS D-Wave Quantum Inc. | 20.5× |
| IQMX IQM Quantum Computers Oyj compare | 9.1× |
| IONQ IonQ, Inc. compare | 4.2× |
| RGTI Rigetti Computing, Inc. compare | 3.9× |
| ADIG ADI Global Distribution Inc compare | 2.8× |
| CRCT Cricut, Inc. compare | 2.4× |
| LOGI Logitech International S.A. compare | 2.1× |
| CRSR Corsair Gaming, Inc. compare | 1.5× |
| QUBT Quantum Computing Inc. compare | 1.0× |
| Computer Hardware industry median | 2.8× |
| Technology sector median | 1.9× |
| Market median | 1.6× |
What Current ratio is
Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.
Current Assets (Total) ÷ Current Liabilities (Total)
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- Net income
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- EBITDA
- Free cash flow
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- Operating margin
- Net margin
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- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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