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
DateValue
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