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

10.69 1.64 +18.12%
Market cap
$3.4B
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) Return on equity

Alert me on Return on equity

D-Wave Quantum Inc.'s return on equity over the twelve months to 30 June 2026 was −28.0%, up 49.6 percentage points from fiscal 2025 (−77.6%). Over the past ten years it has ranged from −754.0% (fiscal 2024) to 306.7% (fiscal 2023); the current reading is higher than 33% of that period. That is below the Computer Hardware industry median of 0.00% and below the Technology sector median of 0.00%.

Return on equity, annual

Embed this chart

Annual newest first

Period Return on equity Change (points)
FY2025 −77.6% 676.37
FY2024 −754.0% (1,060.66)
FY2023 306.7% 261.49
FY2022 45.2% 13.19
FY2021 32.0% 40.31
FY2020 −8.32% —

Against its own ten years

Low −754.0% High 306.7%
Ten-year median 11.8%
Current reading's percentile 33

Return on equity against peers

Company Return on equity
LOGI Logitech International S.A. compare 38.2%
CRCT Cricut, Inc. compare 25.1%
IONQ IonQ, Inc. compare 6.98%
IQMX IQM Quantum Computers Oyj compare 0.00%
CRSR Corsair Gaming, Inc. compare 0.00%
QBTS D-Wave Quantum Inc. −28.0%
RGTI Rigetti Computing, Inc. compare −43.8%
QUBT Quantum Computing Inc. compare −48.2%
ADIG ADI Global Distribution Inc compare —
Computer Hardware industry median 0.00%
Technology sector median 0.00%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

More on QBTS