D-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. 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.
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D-Wave Quantum Inc. (QBTS) EV/Sales
As of 9 October 2026, D-Wave Quantum Inc. (QBTS) trades at a EV/Sales of 394×. Over the past ten years it has ranged from 0.0× (March 2022) to 846× (May 2026); the current reading is higher than 90% of that period. That is above the Computer Hardware industry median of 2.8× and above the Technology sector median of 2.8×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 307× | 84.87% |
| FY2024 | 166× | 969.03% |
| FY2023 | 15.5× | (43.78%) |
| FY2022 | 27.6× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 675× | 76.81% |
| Mar 2026 | 382× | 24.29% |
| Dec 2025 | 307× | (3.10%) |
| Sep 2025 | 317× | 94.02% |
| 17 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| SMCI Super Micro Computer, Inc. compare | 0.7× |
| CRSR Corsair Gaming, Inc. compare | 1.0× |
| CRCT Cricut, Inc. compare | 1.6× |
| LOGI Logitech International S.A. compare | 2.5× |
| QMCO Quantum Corporation compare | 2.6× |
| IONQ IonQ, Inc. compare | 50.9× |
| RGTI Rigetti Computing, Inc. compare | 322× |
| QBTS D-Wave Quantum Inc. | 394× |
| QUBT Quantum Computing Inc. compare | 1,961× |
| Computer Hardware industry median | 2.8× |
| Technology sector median | 2.8× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)