D-Wave Quantum (QBTS) Return on Assets [ROA] (2022 - 2026)
D-Wave Quantum's Return on Assets [ROA] came in at -10.94% for Q2 2026, up 25.60 percentage points from -36.54% a year earlier and up 12.53 percentage points from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Return on Assets [ROA] (2022 - 2026) Analysis & Trends
For FY2025, D-Wave Quantum's Return on Assets [ROA] was -14.39%, up 46.86 percentage points from FY2024.
- Return on Assets [ROA] has increased in each of the last three years, with a four-year change of +110.25 percentage points (FY2021 to FY2025).
- Going back by year, Return on Assets [ROA] was -61.25% in FY2024 (+125.41 pp), -186.66% in FY2023 (+40.55 pp), -227.21% in FY2022 (-102.57 pp) and -124.64% in FY2021.
- The Q2 2026 figure represents the highest quarterly Return on Assets [ROA] in data going back to Q3 2022.
- Year-over-year, Return on Assets [ROA] has increased for 11 consecutive quarters, with an average year-over-year change of +60.58 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q2 2024 (a gain of 192.10 percentage points), and the weakest in Q3 2023 (a drop of 27.51 percentage points).
- Business Quant data shows QBTS's Return on Assets [ROA] at -23.47% (Q1 2026), -26.42% (Q4 2025) and -25.82% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 0.65% |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 0.68% |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 20.44% |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | -12.62% |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 2.45% |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 3.20% |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 2.74% |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 1.57% |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | -10.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.94% |
| Mar 31, 2026 | -23.47% |
| Dec 31, 2025 | -26.42% |
| Sep 30, 2025 | -25.82% |
| Jun 30, 2025 | -36.54% |
| Mar 31, 2025 | -24.79% |
| Dec 31, 2024 | -61.92% |
| Sep 30, 2024 | -132.05% |
| Jun 30, 2024 | -129.16% |
| Mar 31, 2024 | -135.92% |
| Dec 31, 2023 | -124.69% |
| Sep 30, 2023 | -181.50% |
| Jun 30, 2023 | -321.26% |
| Mar 31, 2023 | -284.38% |
| Dec 31, 2022 | -209.48% |
| Sep 30, 2022 | -153.99% |
API Access
D-Wave Quantum Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "QBTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();