D-Wave Quantum QBTS
NASDAQ QBTS
$16.42 -0.41 (-2.44%)
As of: Sep 15, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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