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) P/B ratio
As of 5 November 2026, D-Wave Quantum Inc. (QBTS) trades at a P/B ratio of 3.1×. Over the past ten years it has ranged from 0.0× (December 2024) to 3,809× (December 2020); the current reading is higher than 59% of that period. That is above the Computer Hardware industry median of 1.6× and above the Technology sector median of 2.5×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 9.9× | (61.74%) |
| FY2024 | 25.8× | — |
| FY2023 | 0.0× | — |
| FY2022 | 0.0× | — |
| FY2021 | 0.0× | — |
| FY2020 | 1.5× | — |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 8.2× | 74.15% |
| Mar 2026 | 4.7× | (52.14%) |
| Dec 2025 | 9.9× | (21.84%) |
| Sep 2025 | 12.6× | 97.82% |
| 17 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| ADIG ADI Global Distribution Inc compare | n/m |
| IQMX IQM Quantum Computers Oyj compare | n/m |
| IONQ IonQ, Inc. compare | 2.1× |
| CRSR Corsair Gaming, Inc. compare | 2.1× |
| QBTS D-Wave Quantum Inc. | 3.1× |
| CRCT Cricut, Inc. compare | 4.8× |
| QUBT Quantum Computing Inc. compare | 5.3× |
| RGTI Rigetti Computing, Inc. compare | 6.1× |
| LOGI Logitech International S.A. compare | 6.5× |
| Computer Hardware industry median | 1.6× |
| Technology sector median | 2.5× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
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
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- 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