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.

Revenue
−0.61%
EPS
+76.4%
Free cash flow
−105.8%
Total debt
+9.27%

Quarter to June 2026, against a year earlier

10.65 0.91 −7.87%
Market cap
$4.4B
P/E
0.0×
Fwd P/E
−26.3×
Dividend yield
—
F-score
5/9
Altman Z
78.57
Beneish M
−2.93
Dividend safety
n/a

D-Wave Quantum Inc. (QBTS) P/E ratio

Alert me on P/E ratio

D-Wave Quantum Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 8.9× (November 2021) — the current reading is the lowest in ten years.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —

Quarterly newest first

Period P/E ratio Change
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
Sep 2025 0.0× —
17 more quarters

Against its own ten years

Low 0.0× High 8.9×
Ten-year median 0.0×
Current reading's percentile 91

P/E ratio against peers

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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