D-Wave Quantum Ratios (2020-2025) | QBTS

Ratios Dec2020 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin 78.85%76.51%63.85%64.04%54.78%61.42%55.53%26.60%41.30%59.68%67.69%67.30%63.58%55.78%63.79%92.51%63.84%71.38%
EBT Margin -648.90%-764.96%-494.31%-642.97%-882.79%-957.70%-715.78%-1,573.09%-1,224.78%-718.46%-569.24%-710.59%-862.99%-1,103.53%-876.22%-75.27%-856.28%-741.80%
EBIT Margin -636.27%-749.27%-447.40%-639.29%-904.67%-894.63%-878.12%-1,559.70%-1,224.78%-718.46%-569.24%-710.59%-862.99%-1,103.53%-876.22%-75.27%-856.28%-741.80%
EBITDA Margin -623.07%-319.82%-960.14%-678.52%-894.60%-684.01%-741.38%-1,542.96%-1,538.08%-628.06%-552.62%-700.41%-813.38%-1,222.62%-3,724.04%-32.82%-5,381.00%-3,741.29%
Operating Margin -636.27%-749.27%-447.40%-639.29%-904.67%-894.63%-878.12%-1,559.70%-1,224.78%-718.46%-569.24%-710.59%-862.99%-1,103.53%-876.22%-75.27%-856.28%-741.80%
Net Margin -648.90%-322.04%-494.31%-642.97%-882.79%-785.31%-715.78%-1,573.09%-1,224.78%-718.46%-569.24%-710.59%-862.99%-1,103.53%-876.22%-75.27%-856.28%-741.80%
FCF Margin -592.12%-307.75%-562.29%-878.41%-761.83%-461.84%-863.17%-905.62%-660.73%-522.40%-504.02%-687.72%-982.83%46.21%-131.44%-518.09%-536.53%
Efficiency
Inventory Average 2.34M2.36M2.22M2.28M2.28M2.16M2.08M2.10M2.01M1.79M1.69M2.08M2.64M
Assets Average 34.67M30.30M27.20M26.18M47.54M64.77M53.98M55.21M55.69M124.71M262.73M584.60M854.71M
Equity Average -2.63M-12.18M-16.86M-30.06M-41.10M-33.33M-19.81M-30.75M-29.26M-19.21M22.87M135.02M450.82M682.40M
Invested Capital 21.14M13.10M-5.90M14.16M10.88M-28.06M-21.61M-35.43M15.08M6.90M-5.90M10.79M-3.21M62.99M207.74M694.25M670.70M
Asset Utilization Ratio 0.210.240.260.280.170.140.180.180.170.070.080.040.03
Leverage & Solvency
Interest Coverage Ratio -50.37-47.77-9.54-173.8341.34-14.195.41-116.46
Debt to Equity 0.09-1.67-1.70-3.48-1.12-1.06-0.93-4.17-2.62-1.71-2.98-2.720.490.150.050.05
Debt Ratio 0.051.040.960.441.231.181.930.901.081.301.040.930.150.090.040.04
Equity Ratio 0.58-0.62-0.56-0.13-1.09-1.12-2.07-0.22-0.41-0.76-0.35-0.340.310.640.820.77
Times Interest Earned -50.37-47.77-9.54-173.8341.34-14.195.41-116.46
Valuation
Enterprise Value 380.75M370.50M358.33M358.70M370.88M361.12M851.93M160.57M74.05M265.79M140.35M99.45M329.83M195.25M197.98M1,703.74M1,909.93M3,458.37M7,615.04M
Market Capitalization 402.09M370.50M366.38M368.25M370.88M371.62M865.76M160.57M74.05M265.79M140.35M140.75M329.83M195.25M197.98M1,881.72M2,214.25M4,277.68M8,451.27M
Return Ratios
Return on Sales -6.15%-6.62%-7.13%-7.87%-9.99%-10.73%-9.87%-9.22%-7.61%-7.05%-7.80%-8.75%-3.32%-3.53%-3.55%
Return on Capital Employed -2.34%-4.18%-8.21%10.70%-21.14%-1.51%-1.70%-5.81%-2.46%-0.82%-0.29%-0.14%-0.10%
Return on Assets -1.48%-1.86%-2.59%-3.02%-1.71%-1.25%-1.36%-1.29%-1.32%-0.62%-0.27%-0.13%-0.10%
Return on Equity 4.22%3.35%2.34%1.93%2.44%4.08%2.39%2.44%3.83%-3.38%-0.53%-0.17%-0.13%