D-Wave Quantum (QBTS) Debt to Equity (2020 - 2026)
D-Wave Quantum (QBTS) posted Debt to Equity of $0.03 for Q1 2026, down 25.03% sequentially from $0.04 in Q4 2025, and down 78.64% YoY from $0.15 in Q1 2025.
D-Wave Quantum (QBTS) Debt to Equity (2020 - 2026) Analysis & Trends
D-Wave Quantum (QBTS) has 7 years of Debt to Equity data on file, last reported at $0.03 in Q1 2026.
- Quarterly Debt to Equity fell 78.64% year-over-year to $0.03 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $0.03 (down 78.64% YoY) and the FY2025 annual result came in at $0.04, down 91.33% from the prior year.
- Debt to Equity 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 to Equity was $0.49 in Q4 2024, with the low at -$4.17 in Q3 2023.
- Average Debt to Equity over 5 years is -$1.12, with a median of -$0.89 recorded in 2023.
- Year-over-year, Debt to Equity plunged 651.88% in 2023 and jumped 118.54% in 2024.
- D-Wave Quantum's Debt to Equity stood at -$1.12 in 2022, then slumped by 134.1% to -$2.62 in 2023, then jumped by 118.54% to $0.49 in 2024, then tumbled by 91.33% to $0.04 in 2025, then decreased by 25.03% to $0.03 in 2026.
- Business Quant data shows QBTS's Debt to Equity at $0.03 in Q1 2026, $0.04 in Q4 2025, and $0.05 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | - |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | -22.19 |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | - |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | 0.16 |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 3.53 |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | - |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | -67.13 |
| 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| Date | Value |
|---|---|
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.04 |
| Sep 30, 2025 | 0.05 |
| Jun 30, 2025 | 0.05 |
| Mar 31, 2025 | 0.15 |
| Dec 31, 2024 | 0.49 |
| Sep 30, 2024 | -2.72 |
| Jun 30, 2024 | -2.98 |
| Mar 31, 2024 | -1.72 |
| Dec 31, 2023 | -2.62 |
| Sep 30, 2023 | -4.17 |
| Jun 30, 2023 | -0.93 |
| Mar 31, 2023 | -1.06 |
| Dec 31, 2022 | -1.12 |
| Sep 30, 2022 | -0.55 |
| Jun 30, 2022 | -0.84 |
| Dec 31, 2021 | -1.67 |
| Dec 31, 2020 | 0.09 |