D-Wave Quantum (QBTS) Equity Ratio (2020 - 2026)
D-Wave Quantum (QBTS) posted Equity Ratio of 0.94 for Q1 2026, up 0.69% sequentially from 0.93 in Q4 2025, and up 47.11% YoY from 0.64 in Q1 2025.
D-Wave Quantum (QBTS) Equity Ratio (2020 - 2026) Analysis & Trends
D-Wave Quantum (QBTS) has 7 years of Equity Ratio data on file, last reported at 0.94 in Q1 2026.
- Quarterly Equity Ratio rose 47.11% year-over-year to 0.94 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.94 (up 47.11% YoY) and the FY2025 annual result came in at 0.93, up 196.87% from the prior year.
- Equity Ratio advanced to 0.94 in Q1 2026 per QBTS's latest filing, from 0.93 in the prior quarter.
- The five-year high for Equity Ratio was 0.94 in Q1 2026, with the low at 2.07 in Q2 2023.
- Average Equity Ratio over 5 years is 0.24, with a median of 0.34 recorded in 2024.
- Year-over-year, Equity Ratio slumped 81.11% in 2023 and jumped 336.44% in 2025.
- D-Wave Quantum's Equity Ratio stood at 1.09 in 2022, then soared by 62.28% to 0.41 in 2023, then jumped by 176.0% to 0.31 in 2024, then jumped by 196.87% to 0.93 in 2025, then rose by 0.69% to 0.94 in 2026.
- Business Quant data shows QBTS's Equity Ratio at 0.94 in Q1 2026, 0.93 in Q4 2025, and 0.77 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 0.81 |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | -0.01 |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 0.62 |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | 0.64 |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 0.12 |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | 0.30 |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 0.00 |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | 0.32 |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | 0.57 |
| 10 | D-Wave Quantum | 8.64 Bn | 8.64 Bn | 1.82 Mn | 0.94 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.94 |
| Dec 31, 2025 | 0.93 |
| Sep 30, 2025 | 0.77 |
| Jun 30, 2025 | 0.82 |
| Mar 31, 2025 | 0.64 |
| Dec 31, 2024 | 0.31 |
| Sep 30, 2024 | -0.34 |
| Jun 30, 2024 | -0.35 |
| Mar 31, 2024 | -0.76 |
| Dec 31, 2023 | -0.41 |
| Sep 30, 2023 | -0.22 |
| Jun 30, 2023 | -2.07 |
| Mar 31, 2023 | -1.12 |
| Dec 31, 2022 | -1.09 |
| Sep 30, 2022 | -0.68 |
| Jun 30, 2022 | -1.14 |
| Dec 31, 2021 | -0.62 |
| Dec 31, 2020 | 0.58 |