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) Return on invested capital
D-Wave Quantum Inc.'s return on invested capital over the twelve months to 30 June 2026 was −18.6%, up 1673.1 percentage points from fiscal 2025 (−1,691.8%). Over the past ten years it has ranged from −1,691.8% (fiscal 2025) to 0.00% (fiscal 2024) — the current reading is the lowest in ten years. That is below the Computer Hardware industry median of 0.00% and below the Technology sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | −1,691.8% | (1,691.75) |
| FY2024 | 0.00% | 0.00 |
| FY2023 | 0.00% | 0.00 |
| FY2022 | 0.00% | 848.76 |
| FY2021 | −848.8% | (848.76) |
| FY2020 | 0.00% | — |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| LOGI Logitech International S.A. compare | 84.0% |
| CRCT Cricut, Inc. compare | 58.3% |
| CRSR Corsair Gaming, Inc. compare | 4.46% |
| IQMX IQM Quantum Computers Oyj compare | 0.00% |
| QUBT Quantum Computing Inc. compare | 0.00% |
| ADIG ADI Global Distribution Inc compare | 0.00% |
| QBTS D-Wave Quantum Inc. | −18.6% |
| IONQ IonQ, Inc. compare | −19.7% |
| RGTI Rigetti Computing, Inc. compare | −42.3% |
| Computer Hardware industry median | 0.00% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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