D-Wave Quantum (QBTS) Debt Ratio (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Debt Ratio came in at 0.03 in Q2 2026, down 20.43% year-over-year from 0.04 in Q2 2025, and up 2.03% quarter-over-quarter from 0.03 in Q1 2026.
Analysis
D-Wave Quantum (QBTS) Debt Ratio (2020 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Debt Ratio across 7 years of filings, most recently posting 0.03 for Q2 2026.
- In Q2 2026, Debt Ratio fell 20.43% year-over-year to 0.03; the TTM figure through Jun 2026 stood at 0.03 (down 20.43% YoY), while the FY2025 annual figure was 0.04, down 74.25% from the prior year.
- Debt Ratio came in at 0.03 for Q2 2026 at D-Wave Quantum, up from 0.03 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 1.93 in Q2 2023 to a low of 0.03 in Q1 2026.
- Average Debt Ratio over 5 years is 0.71, with a median of 0.9 recorded in 2023.
- Year-over-year, Debt Ratio jumped 97.84% in 2023 and plunged 96.34% in 2025.
- Over 5 years, Debt Ratio stood at 1.24 in 2022, then decreased by 12.8% to 1.08 in 2023, then tumbled by 85.91% to 0.15 in 2024, then plunged by 74.25% to 0.04 in 2025, then fell by 22.98% to 0.03 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.03 in Q2 2026, 0.03 in Q1 2026, and 0.04 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | - |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | 0.03 |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | 0.12 |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | - |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | - |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | 0.00 |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | - |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | 25,991.50 |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | 0.08 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.03 |
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.04 |
| Sep 30, 2025 | 0.04 |
| Jun 30, 2025 | 0.04 |
| Mar 31, 2025 | 0.09 |
| Dec 31, 2024 | 0.15 |
| Sep 30, 2024 | 0.93 |
| Jun 30, 2024 | 1.04 |
| Mar 31, 2024 | 1.30 |
| Dec 31, 2023 | 1.08 |
| Sep 30, 2023 | 0.90 |
| Jun 30, 2023 | 1.93 |
| Mar 31, 2023 | 1.18 |
| Dec 31, 2022 | 1.24 |
| Sep 30, 2022 | 0.45 |
| Jun 30, 2022 | 1.56 |
| Dec 31, 2021 | 1.04 |
| Dec 31, 2020 | 0.05 |