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) Free cash flow margin
D-Wave Quantum Inc.'s free cash flow margin over the twelve months to 30 June 2026 was −963.8%, down 653.5 percentage points from fiscal 2025 (−310.3%). Over the past ten years it has ranged from −700.2% (fiscal 2023) to −310.3% (fiscal 2025) — the current reading is the highest in ten years. That is below the Computer Hardware industry median of 0.00% and below the Technology sector median of 0.67%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | −310.3% | 199.95 |
| FY2024 | −510.2% | 190.00 |
| FY2023 | −700.2% | (62.78) |
| FY2022 | −637.5% | (51.39) |
| FY2021 | −586.1% | (3.19) |
| FY2020 | −582.9% | — |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| CRCT Cricut, Inc. compare | 25.9% |
| LOGI Logitech International S.A. compare | 19.3% |
| CRSR Corsair Gaming, Inc. compare | 7.76% |
| IQMX IQM Quantum Computers Oyj compare | 0.00% |
| IONQ IonQ, Inc. compare | −169.5% |
| RGTI Rigetti Computing, Inc. compare | −655.9% |
| QBTS D-Wave Quantum Inc. | −963.8% |
| QUBT Quantum Computing Inc. compare | −7,255.8% |
| ADIG ADI Global Distribution Inc compare | — |
| Computer Hardware industry median | 0.00% |
| Technology sector median | 0.67% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
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