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

D-Wave Quantum has disclosed Equity Ratio across 7 years of filings, most recently posting 0.94 for Q1 2026.

• Equity Ratio for Q1 2026 came in at 0.94, up 47.11% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.94 (up 47.11% YoY), and the FY2025 annual result was 0.93, up 196.87% from the prior year.
• Equity Ratio came in at 0.94 for Q1 2026 at D-Wave Quantum, up from 0.93 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.94 in Q1 2026 to a low of 2.07 in Q2 2023.
• The 5-year median for Equity Ratio is 0.34 (2024), against an average of 0.24.
• Across the five-year window, Equity Ratio plunged 81.11% in 2023 and soared 336.44% in 2025, its largest moves.
• 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 climbed by 0.69% to 0.94 in 2026.
• The last three Equity Ratio figures came in at 0.94 (Q1 2026), 0.93 (Q4 2025), and 0.77 (Q3 2025), per Business Quant data.