D-Wave Quantum (QBTS) Asset Utilization Ratio (2022 - 2026)
D-Wave Quantum's Asset Utilization Ratio was 0.01 in Q2 2026, down 72.3% from 0.04 a year earlier and down 10.4% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at D-Wave Quantum came in at 0.04, down 35.3% from FY2024.
- Asset Utilization Ratio has now declined for three consecutive years.
- In earlier years, Asset Utilization Ratio was 0.07 in FY2024 (-66.4%), 0.20 in FY2023 (-20.2%), 0.25 in FY2022 (+32.2%) and 0.19 in FY2021.
- The Q2 2026 figure marks the lowest quarterly Asset Utilization Ratio in data going back to Q3 2022.
- Compared with a year earlier, Asset Utilization Ratio has declined for 12 straight quarters, with an average decline of 60.7% over the last eight quarters.
- The year-over-year decline in Asset Utilization Ratio has ranged between 2.4% (Q3 2024) and 85.5% (Q1 2026) over the last five years.
- Per Business Quant data, QBTS's Asset Utilization Ratio in the three quarters before Q2 2026 was 0.01 (Q1 2026), 0.03 (Q4 2025) and 0.03 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 0.24 |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 0.46 |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 0.73 |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 0.63 |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 0.55 |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 0.33 |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 0.44 |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 0.75 |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 0.01 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.01 |
| Mar 31, 2026 | 0.01 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.03 |
| Jun 30, 2025 | 0.04 |
| Mar 31, 2025 | 0.08 |
| Dec 31, 2024 | 0.07 |
| Sep 30, 2024 | 0.17 |
| Jun 30, 2024 | 0.18 |
| Mar 31, 2024 | 0.18 |
| Dec 31, 2023 | 0.14 |
| Sep 30, 2023 | 0.17 |
| Jun 30, 2023 | 0.28 |
| Mar 31, 2023 | 0.26 |
| Dec 31, 2022 | 0.24 |
| Sep 30, 2022 | 0.21 |
API Access
D-Wave Quantum Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "QBTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();