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) EV/FCF
As of 5 November 2026, D-Wave Quantum Inc. (QBTS) trades at a EV/FCF of −24.0×. Over the past ten years it has ranged from −263× (October 2025) to 0.0× (September 2021); the current reading is higher than 42% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | −98.8× | — |
| FY2024 | −32.4× | — |
| FY2023 | −2.2× | — |
| FY2022 | −4.3× | — |
| FY2021 | −36.0× | — |
| FY2020 | 0.0× | — |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | −69.9× | — |
| Mar 2026 | −46.2× | — |
| Dec 2025 | −98.8× | — |
| Sep 2025 | −138× | — |
| 17 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| IQMX IQM Quantum Computers Oyj compare | −579× |
| RGTI Rigetti Computing, Inc. compare | −33.3× |
| QBTS D-Wave Quantum Inc. | −24.0× |
| QUBT Quantum Computing Inc. compare | −20.7× |
| IONQ IonQ, Inc. compare | −13.9× |
| ADIG ADI Global Distribution Inc compare | 0.0× |
| CRCT Cricut, Inc. compare | 11.3× |
| CRSR Corsair Gaming, Inc. compare | 12.2× |
| LOGI Logitech International S.A. compare | 13.2× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on QBTS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement