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

D-Wave Quantum has disclosed Debt Ratio across 7 years of filings, most recently posting 0.03 for Q1 2026.

• Debt Ratio for Q1 2026 came in at 0.03, down 68.58% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.03 (down 68.58% YoY), and the FY2025 annual result was 0.04, down 74.25% from the prior year.
• Debt Ratio came in at 0.03 for Q1 2026 at D-Wave Quantum, down from 0.04 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.
• The 5-year median for Debt Ratio is 0.91 (2023), against an average of 0.71.
• Across the five-year window, Debt Ratio soared 138.82% in 2023 and sank 96.34% in 2025, its largest moves.
• D-Wave Quantum's Debt Ratio stood at 1.23 in 2022, then retreated by 11.69% to 1.08 in 2023, then sank by 85.91% to 0.15 in 2024, then slumped by 74.25% to 0.04 in 2025, then slipped by 24.51% to 0.03 in 2026.
• The last three Debt Ratio figures came in at 0.03 (Q1 2026), 0.04 (Q4 2025), and 0.04 (Q3 2025), per Business Quant data.