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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

D-Wave Quantum (QBTS) Debt to Equity (2020 - 2025)

D-Wave Quantum's Debt to Equity history spans 6 years, with the latest figure at $0.04 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 91.33% year-over-year to $0.04; the TTM value through Dec 2025 reached $0.04, down 91.33%, while the annual FY2025 figure was $0.04, 91.33% down from the prior year.
  • Debt to Equity for Q4 2025 was $0.04 at D-Wave Quantum, down from $0.05 in the prior quarter.
  • Across five years, Debt to Equity topped out at $0.49 in Q4 2024 and bottomed at -$2.62 in Q4 2023.
  • The 5-year median for Debt to Equity is -$0.48 (2022), against an average of -$0.68.
  • The largest annual shift saw Debt to Equity crashed 1159.51% in 2021 before it surged 1583.32% in 2025.
  • A 5-year view of Debt to Equity shows it stood at -$0.69 in 2021, then crashed by 62.99% to -$1.12 in 2022, then tumbled by 134.1% to -$2.62 in 2023, then surged by 118.54% to $0.49 in 2024, then tumbled by 91.33% to $0.04 in 2025.
  • Per Business Quant, the three most recent readings for QBTS's Debt to Equity are $0.04 (Q4 2025), $0.05 (Q3 2025), and $0.05 (Q2 2025).