D-Wave Quantum reported a gross margin of 55.40% and a net margin of -1,561.38% for the quarter ended Jun 2026. These financial ratios cover 22 quarters of results from Dec 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2020 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||
| Gross Margin | 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% | 64.83% | 63.61% | 55.40% | ||
| EBT Margin | -764.96% | -494.31% | -642.97% | -1,032.02% | -957.70% | -921.75% | -1,573.09% | -1,224.78% | -718.46% | -569.24% | -710.59% | -862.99% | -1,103.53% | -876.22% | -36.14% | -5,406.43% | -741.80% | -1,265.95% | -1,637.82% | -1,561.12% | ||
| EBIT Margin | -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% | -1,265.95% | -1,914.87% | -1,732.05% | ||
| EBITDA Margin | -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% | -1,265.95% | -1,914.87% | -1,732.05% | ||
| Operating Margin | -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% | -1,265.95% | -1,914.87% | -1,732.05% | ||
| Net Margin | -322.04% | -494.31% | -642.97% | -1,032.02% | -785.31% | -921.75% | -1,573.09% | -1,224.78% | -718.46% | -569.24% | -710.59% | -862.99% | -1,103.53% | -876.22% | -36.14% | -5,406.43% | -741.80% | -1,265.95% | -642.30% | -1,561.38% | ||
| 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% | -727.87% | -1,687.12% | -1,000.20% | ||
| Efficiency | ||||||||||||||||||||||
| Inventory AverageInventory Avg. | 2.34M | 2.36M | 2.22M | 2.28M | 2.28M | 2.16M | 2.08M | 2.10M | 2.01M | 1.79M | 1.69M | 2.08M | 2.64M | 2.80M | 2.85M | 3.20M | ||||||
| Assets AverageAssets Avg. | 34.67M | 30.30M | 27.20M | 26.18M | 47.54M | 64.77M | 53.98M | 55.21M | 55.69M | 124.71M | 262.73M | 584.60M | 854.71M | 890.82M | 1,057.81M | 1,179.12M | ||||||
| Invested CapitalInvested Cap. | 12.35M | 14.85M | -7.55M | 3.99M | 707.40M | 723.02M | 47.91M | 39.77M | 26.45M | 42.60M | 29.17M | 93.12M | 238.10M | 726.32M | 702.75M | 888.19M | 1,159.82M | 1,118.14M | ||||
| Asset Utilization RatioAsset Util. | 0.21 | 0.24 | 0.26 | 0.28 | 0.17 | 0.14 | 0.18 | 0.18 | 0.17 | 0.07 | 0.08 | 0.04 | 0.03 | 0.03 | 0.01 | 0.01 | ||||||
| Leverage & Solvency | ||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -47.77 | -9.54 | -173.83 | -7.10 | -14.19 | -20.13 | -116.46 | -49.96 | -128.65 | -211.30 | -208.93 | |||||||||||
| Debt Ratio | 1.04 | 1.56 | 0.45 | 1.24 | 1.18 | 1.93 | 0.90 | 1.08 | 1.30 | 1.04 | 0.93 | 0.15 | 0.09 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | ||||
| Times Interest Earned | -47.77 | -9.54 | -173.83 | -7.10 | -14.19 | -20.13 | -116.46 | -49.96 | -128.65 | -211.30 | -208.93 | |||||||||||
| Valuation | ||||||||||||||||||||||
| Price to EarningsP/E | -290.99 | -102.64 | -112.59 | -78.46 | -65.26 | -7.39 | -3.37 | -12.80 | -8.10 | -8.57 | -18.83 | -11.26 | -9.88 | -79.77 | -408.46 | -29.73 | -308.23 | -269.27 | -290.88 | -185.82 | ||
| Price to SalesP/S | 937.10 | 507.36 | 723.91 | 809.74 | 512.49 | 68.14 | 53.02 | 156.75 | 58.19 | 48.79 | 133.80 | 97.17 | 108.99 | 698.95 | 147.61 | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | ||
| Price to BookP/B | 93.52 | -67.06 | -42.11 | -27.23 | -38.06 | -5.54 | 0.12 | 0.40 | -9.86 | -5.79 | -8.92 | -9.86 | -12.05 | 25.76 | 10.68 | 7.17 | 12.75 | 11.01 | 4.75 | 8.24 | ||
| Enterprise Value | 1,216.75M | 1,221.31M | 1,240.07M | 1,099.65M | 854.83M | 163.20M | 83.93M | 267.58M | 149.08M | 100.47M | 329.82M | 212.12M | 203.80M | 1,435.90M | 1,909.95M | 4,155.91M | 7,712.72M | 8,496.61M | 4,751.26M | 8,378.34M | ||
| EV to EBIT | -124.25 | -112.52 | -113.24 | -88.66 | -56.37 | -7.76 | -3.40 | -12.80 | -8.10 | -6.07 | -18.83 | -11.26 | -9.88 | -70.97 | -169.16 | -156.82 | -278.08 | -243.88 | -86.82 | -157.26 | ||
| EV to EBITDA | -124.25 | -112.52 | -113.24 | -88.66 | -56.37 | -7.76 | -3.40 | -12.80 | -8.10 | -6.07 | -18.83 | -11.26 | -9.88 | -70.97 | -169.16 | -156.82 | -278.08 | -243.88 | -86.82 | -157.26 | ||
| Market Capitalization | 1,224.79M | 1,230.87M | 1,240.07M | 1,110.15M | 868.67M | 163.20M | 83.93M | 267.58M | 149.08M | 141.78M | 329.82M | 212.12M | 203.80M | 1,613.88M | 2,214.27M | 4,975.22M | 8,548.95M | 9,381.09M | 5,339.65M | 8,924.55M | ||
| Price to FCFP/FCF | -158.26 | -164.86 | -128.74 | -92.18 | -67.27 | -14.75 | -6.14 | -17.31 | -8.81 | -9.34 | -26.55 | -14.13 | -11.09 | 0.00M | -112.30 | -310.27 | -426.15 | -468.33 | -110.74 | -290.08 | ||
| EV to FCF | -157.22 | -163.58 | -128.74 | -91.31 | -66.20 | -14.75 | -6.14 | -17.31 | -8.81 | -6.62 | -26.55 | -14.13 | -11.09 | 0.00M | -96.87 | -259.18 | -384.46 | -424.17 | -98.54 | -272.32 | ||
| EV to CFO | -166.34 | -169.98 | -130.41 | -91.71 | -66.58 | -14.99 | -6.17 | -17.33 | -8.84 | -6.82 | -27.21 | -14.66 | -11.28 | 711.90 | -99.07 | -271.88 | -404.97 | -462.48 | -105.68 | -293.95 | ||
| Return Ratios | ||||||||||||||||||||||
| Return on Sales [ROS]ROS | -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% | -1,265.95% | -1,914.87% | -1,732.05% | ||
| Return on Capital Employed [ROCE]ROCE | -234.17% | -417.58% | -821.15% | 1,069.60% | -2,113.72% | -150.50% | -170.16% | -581.27% | -246.28% | -81.66% | -28.66% | -13.91% | -10.22% | -11.54% | -13.97% | -14.81% | ||||||
| Return on Invested Capital [ROIC]ROIC | -12.27% | |||||||||||||||||||||
| Return on Assets [ROA]ROA | -153.99% | -209.48% | -284.38% | -321.26% | -181.50% | -124.69% | -135.92% | -129.16% | -132.05% | -61.92% | -24.79% | -36.54% | -25.82% | -26.42% | -23.47% | -10.94% |