D-Wave Quantum (QBTS) Debt Ratio (2020 - 2026)

D-Wave Quantum (QBTS) posted Debt Ratio of 0.03 for Q1 2026, down 24.51% sequentially from 0.04 in Q4 2025, and down 68.58% YoY from 0.09 in Q1 2025.

D-Wave Quantum (QBTS) Debt Ratio (2020 - 2026) Analysis & Trends

D-Wave Quantum (QBTS) has 7 years of Debt Ratio data on file, last reported at 0.03 in Q1 2026.

  • Quarterly Debt Ratio fell 68.58% year-over-year to 0.03 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.03 (down 68.58% YoY) and the FY2025 annual result came in at 0.04, down 74.25% from the prior year.
  • Debt Ratio declined to 0.03 in Q1 2026 per QBTS's latest filing, from 0.04 in the prior quarter.
  • The five-year high for Debt Ratio was 1.93 in Q2 2023, with the low at 0.03 in Q1 2026.
  • Average Debt Ratio over 5 years is 0.71, with a median of 0.91 recorded in 2023.
  • Year-over-year, Debt Ratio jumped 138.82% in 2023 and tumbled 96.34% in 2025.
  • D-Wave Quantum's Debt Ratio stood at 1.23 in 2022, then dropped by 11.69% to 1.08 in 2023, then slumped by 85.91% to 0.15 in 2024, then tumbled by 74.25% to 0.04 in 2025, then fell by 24.51% to 0.03 in 2026.
  • Business Quant data shows QBTS's Debt Ratio at 0.03 in Q1 2026, 0.04 in Q4 2025, and 0.04 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Sandisk 300.77 Bn 297.03 Bn 4.66 Bn -
2 Dell Technologies 276.28 Bn 264.70 Bn 7.78 Bn 0.27
3 Arista Networks 209.63 Bn 197.28 Bn 1.68 Bn -
4 Western Digital 204.64 Bn 201.41 Bn 1.68 Bn 0.11
5 Seagate Technology Holdings 202.26 Bn 201.11 Bn 1.45 Bn 0.43
6 Everpure 25.55 Bn 24.23 Bn 723.33 Mn -
7 Hp 20.30 Bn 16.60 Bn 3.02 Bn 0.23
8 Super Micro Computer 16.60 Bn 15.31 Bn 1.02 Bn 0.00
9 Logitech International 13.89 Bn 12.15 Bn 483.28 Mn -
10 D-Wave Quantum 8.64 Bn 8.64 Bn 1.82 Mn 0.03

Historic Data

Download Data
DateValue
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 1.23
Sep 30, 2022 0.38
Jun 30, 2022 0.96
Dec 31, 2021 1.04
Dec 31, 2020 0.05