D-Wave Quantum Growth Metrics (2021-2025) | QBTS

Growth Metrics Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Growth Ratios
Assets Growth (1y) -17.69%-8.56%-30.20%108.53%120.27%77.01%148.15%-29.38%236.70%569.89%1,264.81%1,646.98%
Assets Growth (3y) 18.36%89.29%187.00%195.21%
Assets (QoQ) -5.69%-19.93%1.90%-9.29%181.74%-15.42%-18.11%27.17%-19.82%303.25%62.92%159.09%2.63%
Capital Expenditures Growth (1y) -82.55%-38.08%-47.97%-71.15%-16.22%154.02%376.56%3,533.33%393.55%114.93%43.61%37.43%232.03%
Capital Expenditures Growth (3y) -10.30%50.09%52.71%143.31%139.45%
Capital Expenditures (QoQ) -33.73%-56.23%-57.72%42.31%135.14%-63.22%-76.56%313.33%612.90%-31.00%78.69%-43.85%210.46%-53.89%71.00%35.65%
Cash & Equivalents Growth (1y) -55.47%71.54%330.87%
Cash & Equivalents Growth (3y) 24.64%165.59%327.32%292.78%
Cash & Equivalents (QoQ) 18.09%31.43%70.99%169.23%2.07%
Cash from Investing Activities Growth (1y) 77.83%37.67%47.22%95.95%1.02%-149.45%-1,485.53%-20,033.33%-280.41%-112.11%58.67%123.34%-227.91%
Cash from Investing Activities Growth (3y) 5.84%-48.85%-51.22%57.48%-131.13%
Cash from Investing Activities (QoQ) 33.94%50.68%48.61%-32.43%-85.71%58.24%96.05%-3,133.33%-368.04%-165.42%49.88%38.91%-160.98%48.29%128.31%-958.16%
Cash from Operations Growth (1y) -75.52%-51.52%-43.02%-28.80%-31.37%-35.38%10.89%6.32%-7.16%113.68%-59.08%-5.65%-5.38%
Cash from Operations Growth (3y) -35.19%31.63%-26.57%-8.43%-14.05%
Cash from Operations (QoQ) 1.78%-32.35%-26.10%-7.07%15.20%-24.92%-13.56%-9.21%12.61%17.78%-19.38%-24.92%111.16%-1,055.83%20.71%-24.59%
EBITDA Margin Growth (1y) -27154.00-36420.0021,876.00-86444.00-64348.005,595.0018,876.0084,255.0072,470.00-59456.00-317142.0066,759.00-456763.00-251867.00
EBITDA Margin Growth (3y) -19031.00-90280.00-276390.0064,570.00-448640.00-305728.00
EBITDA Margin (QoQ) 30,325.00-64032.0028,162.00-21609.0021,059.00-5737.00-80158.00488.0091,001.007,545.00-14779.00-11297.00-40924.00-250142.00369,122.00-534818.00163,971.00
EBIT Growth (1y) -38.35%-54.85%-93.76%-125.46%-68.56%-21.39%21.34%29.06%9.89%-12.11%-22.31%35.54%-40.68%-34.41%
EBIT Growth (3y) -28.09%-28.20%-23.07%-1.02%-28.80%-22.30%
EBIT Margin Growth (1y) -26840.00-14536.00-43072.00-92041.00-32011.0017,617.0030,889.0084,911.0036,179.00-38507.00-30699.0063,532.00670.0036,173.00
EBIT Margin Growth (3y) -22672.00-35426.00-42882.0056,402.004,838.0015,283.00
EBIT Margin (QoQ) -11301.0030,187.00-19188.00-26538.001,004.001,651.00-68158.0033,492.0050,632.0014,923.00-14135.00-15240.00-24054.0022,731.0080,096.00-78102.0011,448.00
EBIT (QoQ) -9.24%-10.83%-0.89%-13.26%-22.26%-38.69%-17.40%15.32%11.96%10.13%-5.89%-7.55%-9.54%1.96%44.19%-134.72%-4.66%
EBT Growth (1y) -32.37%-62.36%-42.95%-126.09%-72.74%-13.39%3.51%29.66%9.89%-12.11%-22.31%35.54%-40.68%-34.41%
EBT Growth (3y) -27.25%-27.32%-19.05%-0.83%-29.86%-19.55%
EBT Margin Growth (1y) -23389.00-19274.00-22147.00-93012.00-34199.0023,924.0014,655.0086,250.0036,179.00-38507.00-30699.0063,532.00670.0036,173.00
EBT Margin Growth (3y) -21409.00-33857.00-38191.0056,770.002,650.0021,590.00
EBT Margin (QoQ) -11606.0027,065.00-14865.00-23982.00-7491.0024,192.00-85731.0034,831.0050,632.0014,923.00-14135.00-15240.00-24054.0022,731.0080,096.00-78102.0011,448.00
EBT (QoQ) -9.35%-19.94%8.16%-9.89%-34.12%-5.61%-45.26%16.04%11.96%10.13%-5.89%-7.55%-9.54%1.96%44.19%-134.72%-4.66%
Enterprise Value Growth (1y) -5.79%-2.53%137.75%-55.24%-80.03%-26.40%-83.53%-38.07%345.41%-26.54%41.07%1,613.23%479.06%1,671.27%3,746.28%
Enterprise Value Growth (3y) -36.08%-19.23%-17.94%68.10%72.69%112.36%107.53%
Enterprise Value (QoQ) -3.28%0.10%3.39%-2.63%135.91%-81.15%-53.88%258.93%-47.20%-29.14%231.67%-40.80%1.40%760.54%12.10%81.07%120.19%
EPS (Basic) Growth (1y) -25.00%-233.33%15.79%-122.22%-110.00%-20.00%43.75%45.00%52.38%8.33%-377.78%81.82%-450.00%-272.73%
EPS (Basic) Growth (3y) -7.72%-54.20%-31.29%39.43%-76.52%-60.05%
EPS (Basic) (QoQ) 62.50%-533.33%52.63%-11.11%0.00%-60.00%-25.00%-5.00%42.86%25.00%-22.22%9.09%-10.00%-290.91%95.35%-2,650.00%25.45%
EPS (Weighted Average and Diluted) Growth (1y) -25.00%-233.33%15.79%-122.22%-110.00%-20.00%43.75%45.00%52.38%8.33%-377.78%81.82%-450.00%-272.73%
EPS (Weighted Average and Diluted) Growth (3y) -7.72%-54.20%-31.29%39.43%-76.52%-60.05%
EPS (Weighted Average and Diluted) (QoQ) 62.50%-533.33%52.63%-11.11%0.00%-60.00%-25.00%-5.00%42.86%25.00%-22.22%9.09%-10.00%-290.91%95.35%-2,650.00%25.45%
FCF Margin Growth (1y) -16971.00-15409.00-30088.00-2721.0010,110.00-6056.0035,915.0021,790.00-32210.0056,861.0037,258.0016,963.0044,630.00
FCF Margin Growth (3y) -39071.0035,396.0043,085.0036,032.0022,530.00
FCF Margin (QoQ) 28,437.00-25454.00-31612.0011,658.0029,999.00-40133.00-4245.0024,489.0013,833.001,839.00-18371.00-29511.00102,904.00-17765.00-38666.00-1844.00
Free Cash Flow Growth (1y) -66.86%-48.15%-41.86%-28.37%-31.09%-37.25%9.07%2.89%-8.57%107.03%-58.70%-6.81%-9.15%
Free Cash Flow Growth (3y) -33.42%28.92%-26.97%-10.01%-15.82%
Free Cash Flow (QoQ) 3.53%-29.01%-25.03%-7.22%14.34%-23.53%-13.14%-9.50%10.32%18.16%-20.84%-22.42%105.81%-1,947.89%18.67%-25.11%
Gross Margin Growth (1y) -2407.00-1510.00-832.00-3744.00-1348.00-174.001,216.004,071.002,228.00-390.00-389.002,520.0026.001,561.00
Gross Margin Growth (3y) -1527.00-2074.00-6.002,847.00907.00997.00
Gross Margin (QoQ) -234.00-1266.0019.00-926.00664.00-588.00-2894.001,471.001,838.00801.00-39.00-372.00-781.00802.002,871.00-2866.00754.00
Gross Profit Growth (1y) -32.40%4.10%-14.14%-61.62%-6.13%46.88%47.89%294.06%96.88%-31.79%-25.11%736.47%42.36%155.90%
Gross Profit Growth (3y) 7.70%1.41%-1.66%133.00%38.05%36.87%
Gross Profit (QoQ) -9.99%54.90%-29.18%-31.54%38.62%27.76%-68.35%67.46%116.88%28.65%-15.66%-16.34%-24.86%41.23%842.09%-85.76%35.07%
Interest Coverage Ratio Growth (1y) 182.09%70.31%156.71%33.00%
Interest Coverage Ratio (QoQ) 5.15%80.03%-1,722.49%123.78%-134.31%138.13%-2,253.04%
Net Cash Flow Growth (1y) 166.71%-568.26%-76.69%80.73%1,302.39%-76.71%-833.30%1,079.38%-124.98%1,342.10%995.68%3,699.07%247.08%
Net Cash Flow Growth (3y) -32.70%368.42%148.32%319.26%72.71%
Net Cash Flow (QoQ) 129.55%468.40%-187.26%145.52%-307.38%128.30%-172.13%3,413.17%-126.13%-17.43%196.33%-184.49%1,399.55%-15.32%308.61%-96.73%
Net Income Growth (1y) -32.37%-62.36%-42.95%-126.09%-72.74%-13.39%3.51%29.66%9.89%-12.11%-22.31%35.54%-40.68%-34.41%
Net Income Growth (3y) -27.25%-27.32%-19.05%-0.83%-29.86%-19.55%
Net Income (QoQ) -9.35%-19.94%8.16%-9.89%-34.12%-5.61%-45.26%16.04%11.96%10.13%-5.89%-7.55%-9.54%1.96%44.19%-134.72%-4.66%
Net Income towards Common Stockholders Growth (1y) -32.37%-216.25%-42.95%-126.09%-72.74%-38.28%3.51%29.66%9.89%-12.11%-22.31%35.54%-40.68%-34.41%
Net Income towards Common Stockholders Growth (3y) -27.25%-69.88%-19.05%-0.83%-29.86%-27.73%
Net Income towards Common Stockholders (QoQ) 53.96%-184.91%8.16%-9.89%-9.98%-28.79%-45.26%16.04%11.96%10.13%-5.89%-7.55%-9.54%1.96%44.19%-134.72%-4.66%
Net Margin Growth (1y) -23389.00-46327.00-22147.00-93012.00-34199.006,685.0014,655.0086,250.0036,179.00-38507.00-30699.0063,532.00670.0036,173.00
Net Margin Growth (3y) -21409.00-78149.00-38191.0056,770.002,650.004,351.00
Net Margin (QoQ) 32,686.00-17228.00-14865.00-23982.009,748.006,953.00-85731.0034,831.0050,632.0014,923.00-14135.00-15240.00-24054.0022,731.0080,096.00-78102.0011,448.00
Operating Income Growth (1y) -38.35%-54.85%-93.76%-125.46%-68.56%-21.39%21.34%29.06%9.89%-12.11%-22.31%35.54%-40.68%-34.41%
Operating Income Growth (3y) -28.09%-28.20%-23.07%-1.02%-28.80%-22.30%
Operating Income (QoQ) -9.24%-10.83%-0.89%-13.26%-22.26%-38.69%-17.40%15.32%11.96%10.13%-5.89%-7.55%-9.54%1.96%44.19%-134.72%-4.66%
Operating Margin Growth (1y) -26840.00-14536.00-43072.00-92041.00-32011.0017,617.0030,889.0084,911.0036,179.00-38507.00-30699.0063,532.00670.0036,173.00
Operating Margin Growth (3y) -22672.00-35426.00-42882.0056,402.004,838.0015,283.00
Operating Margin (QoQ) -11301.0030,187.00-19188.00-26538.001,004.001,651.00-68158.0033,492.0050,632.0014,923.00-14135.00-15240.00-24054.0022,731.0080,096.00-78102.0011,448.00
Profit After Tax Growth (1y) -39.77%-177.98%23.68%-110.40%-113.01%-37.66%9.93%29.07%32.15%-41.02%-437.64%68.69%-841.21%-516.35%
Profit After Tax Growth (3y) -26.42%-75.40%-54.61%22.40%-138.72%-128.72%
Profit After Tax (QoQ) 52.17%-453.46%50.20%-6.03%4.88%-51.96%-37.27%-7.35%38.53%0.57%-8.11%-2.69%-27.75%-279.09%93.70%-2,986.68%16.34%
Property, Plant & Equipment (Net) Growth (1y) -29.39%-35.35%-25.94%11.20%42.53%79.24%81.69%62.01%37.47%40.22%64.26%
Property, Plant & Equipment (Net) Growth (3y) 8.35%17.56%30.27%
Property, Plant & Equipment (Net) (QoQ) -8.48%-9.58%-11.03%-12.20%4.85%35.76%14.03%10.42%6.29%21.06%-3.24%12.63%24.51%
Return on Assets Growth (1y) -23.0062.00123.00173.0039.0063.00109.00116.00122.00
Return on Assets Growth (3y) 138.00
Return on Assets (QoQ) -38.00-72.00-44.00131.0046.00-11.007.00-3.0070.0035.0014.003.00
Return on Capital Employed Growth (1y) -1880.00267.00651.00-1651.001,867.0069.00141.00567.00236.00
Return on Capital Employed Growth (3y) 224.00
Return on Capital Employed (QoQ) -183.00-404.001,891.00-3183.001,963.00-20.00-411.00335.00165.0053.0015.004.00
Return on Equity Growth (1y) -177.0073.004.0051.00139.00-745.00-291.00-261.00-395.00
Return on Equity Growth (3y) -434.00
Return on Equity (QoQ) -87.00-101.00-41.0051.00164.00-169.005.00139.00-720.00285.0035.005.00
Return on Sales Growth (1y) -384.00-411.00-274.00-135.00238.00368.00206.0047.00429.00352.00425.00
Return on Sales Growth (3y) 282.00309.00357.00
Return on Sales (QoQ) -47.00-51.00-75.00-212.00-74.0086.0064.00161.0056.00-75.00-95.00543.00-21.00-2.00
Revenue Growth (1y) -2.70%29.69%-1.28%-7.59%24.51%51.15%21.34%55.72%27.89%-27.01%-20.54%508.56%41.78%99.95%
Revenue Growth (3y) 15.71%12.68%-1.63%106.12%31.18%30.18%
Revenue (QoQ) -7.24%85.62%-29.39%-19.96%23.63%41.30%-33.90%7.83%50.09%13.43%-15.18%-11.44%-14.34%23.48%549.68%-79.37%20.81%
Share-based Compensation Growth (1y) 691.56%390.63%762.71%477.97%230.43%-21.55%-48.05%-10.61%-31.11%-14.92%13.79%58.04%59.23%
Share-based Compensation Growth (3y) 162.16%48.50%72.13%101.37%53.61%
Share-based Compensation (QoQ) 426.22%-33.87%4.34%117.99%226.17%16.29%-30.10%24.63%-22.57%-23.00%20.29%-3.96%-4.37%2.99%67.07%-3.24%
Shareholder's Equity Growth (1y) -188.33%-132.58%-60.51%-156.46%-254.32%16.84%-20.68%58.25%-11.88%355.70%660.51%3,326.99%4,064.26%
Shareholder's Equity Growth (3y) -47.04%-48.75%75.58%231.87%441.92%
Shareholder's Equity (QoQ) -240.15%78.76%-590.49%-4.06%-68.07%70.66%-62.05%-51.02%41.85%21.38%470.36%231.05%234.76%-3.41%
Total Debt Growth (1y) 1,464.29%7.57%40.18%324.21%94.51%95.73%33.52%-26.89%-52.57%-51.56%-50.00%-30.13%
Total Debt Growth (3y) 219.88%-0.25%-2.18%29.41%
Total Debt (QoQ) -56.63%122.31%-1.92%48.23%31.25%1.94%-1.30%1.11%-28.13%-33.87%0.78%4.38%0.43%