D-Wave Quantum (QBTS) Return on Capital Employed (2022 - 2026)

D-Wave Quantum's (QBTS) quarterly Return on Capital Employed came in at 13.97% in Q1 2026, up 1469.0% year-on-year from 0.89% in Q1 2025, and down 21.04% quarter-over-quarter from 11.54% in Q4 2025.

D-Wave Quantum (QBTS) Return on Capital Employed (2022 - 2026) Analysis & Trends

D-Wave Quantum has disclosed Return on Capital Employed across 5 years of filings, most recently posting 13.97% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 13.97%, up 1469.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 13.97% (up 1469.0% YoY), and the FY2025 annual result was 18.7%, up 5894.0% from the prior year.
  • Return on Capital Employed came in at 13.97% for Q1 2026 at D-Wave Quantum, down from 11.54% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 1069.6% in Q2 2023 to a low of 2113.72% in Q3 2023.
  • The 5-year median for Return on Capital Employed is 150.5% (2023), against an average of 255.01%.
  • Across the five-year window, Return on Capital Employed sank 187955 bps in 2023 and jumped 186744 bps in 2024, its largest moves.
  • D-Wave Quantum's Return on Capital Employed stood at 417.58% in 2022, then jumped by 64 bps to 150.5% in 2023, then surged by 46 bps to 81.66% in 2024, then soared by 86 bps to 11.54% in 2025, then slipped by 21 bps to 13.97% in 2026.
  • The last three Return on Capital Employed figures came in at 13.97% (Q1 2026), 11.54% (Q4 2025), and 10.22% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Dell Technologies 266.21 Bn 254.69 Bn 6.73 Bn 26.19%
2 Sandisk 230.78 Bn 227.04 Bn 4.66 Bn 40.93%
3 Arista Networks 194.03 Bn 181.67 Bn 1.68 Bn 29.70%
4 Seagate Technology Holdings 183.90 Bn 182.75 Bn 1.45 Bn 55.82%
5 Western Digital 175.01 Bn 171.77 Bn 1.68 Bn 33.39%
6 Super Micro Computer 24.90 Bn 23.61 Bn 1.02 Bn 8.58%
7 Everpure 23.71 Bn 22.70 Bn 740.09 Mn 4.53%
8 Hp 23.64 Bn 19.93 Bn 3.02 Bn 25.32%
9 IonQ 20.37 Bn 18.35 Bn 15.41 Mn -12.83%
10 D-Wave Quantum 8.82 Bn 8.82 Bn 1.82 Mn -13.97%

Historic Data

Download Data
DateValue
Mar 31, 2026 -13.97%
Dec 31, 2025 -11.54%
Sep 30, 2025 -10.22%
Jun 30, 2025 -13.91%
Mar 31, 2025 -28.66%
Dec 31, 2024 -81.66%
Sep 30, 2024 -246.28%
Jun 30, 2024 -581.27%
Mar 31, 2024 -170.16%
Dec 31, 2023 -150.50%
Sep 30, 2023 -2,113.72%
Jun 30, 2023 1,069.60%
Mar 31, 2023 -821.15%
Dec 31, 2022 -417.58%
Sep 30, 2022 -234.17%