D-Wave Quantum (QBTS) Return on Capital Employed [ROCE] (2022 - 2026)
D-Wave Quantum (QBTS) posted Return on Capital Employed [ROCE] of -14.81% for Q2 2026, down 0.90 percentage points from -13.91% a year earlier and down 0.84 percentage points from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Return on Capital Employed [ROCE] (2022 - 2026) Analysis & Trends
For FY2025, D-Wave Quantum's Return on Capital Employed [ROCE] came in at -18.70%, up 58.94 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for three consecutive years, with a four-year change of +156.85 percentage points (FY2021 to FY2025).
- In prior years, D-Wave Quantum's Return on Capital Employed [ROCE] was -77.64% in FY2024 (+174.84 pp), -252.48% in FY2023 (+236.18 pp), -488.66% in FY2022 (-313.11 pp) and -175.55% in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Return on Capital Employed [ROCE] since Q1 2025.
- On a year-over-year basis, Return on Capital Employed [ROCE] increased in seven of the last eight quarters, with an average year-over-year change of +370.64 percentage points.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q3 2024, with a gain of 1867.44 percentage points; the weakest was Q3 2023, with a drop of 1879.55 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was -13.97% (Q1 2026), -11.54% (Q4 2025) and -10.22% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 1.86% |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | -1.66% |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 44.16% |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | -25.24% |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 0.30% |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 3.21% |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 0.40% |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | -0.47% |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | -14.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.81% |
| 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% |
| Mar 31, 2023 | -821.15% |
| Dec 31, 2022 | -417.58% |
| Sep 30, 2022 | -234.17% |
API Access
D-Wave Quantum Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();