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D-Wave Quantum Inc.

Data quality: 100%
QBTS
NYSE Technology Computer Hardware
$16.31
▲ $0.58 (3.65%)
Mkt Cap: 5.98B
Day Range
$15.55 $16.47
52-Week Range
$5.77 $46.75
Volume
20,726,824
50D / 200D Avg
$21.32 / $22.51
Prev Close
$15.74

Price History

Financial Trends

Peer Comparison

vs Technology sector median (617 peers)

Metric Stock Sector Median
P/E -16.9 14.7
P/B 7.0 2.9
ROE % -77.6 13.1
Net Margin % -1444.1 10.8
Rev Growth 5Y % 40.7 8.2
D/E 0.0 0.3

Key Takeaways

Revenue grew 40.67% annually over 5 years — strong growth
Debt/Equity of 0.01 — conservative balance sheet
Negative free cash flow of -75.84M
Revenue growth is accelerating — 1Y growth exceeds 5Y average by 137.87%

Growth

Revenue Growth (5Y)
40.67%
Revenue (1Y)178.54%
Earnings (1Y)N/A
FCF Growth (3Y)N/A

Quality

Return on Equity
-77.62%
ROIC-8.75%
Net Margin-1444.10%
Op. Margin-408.22%

Safety

Debt / Equity
0.01
Current Ratio42.38
Interest Coverage-25.01

Valuation

P/E Ratio
-16.85
P/B Ratio7.02
EV/EBITDAN/A
Dividend Yield0.00%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 178.54% Revenue Growth (3Y) 67.55%
Earnings Growth (1Y) N/A Earnings Growth (3Y) N/A
Revenue Growth (5Y) 40.67% Earnings Growth (5Y) N/A
Profitability
Revenue (TTM) 24.59M Net Income (TTM) -355.06M
ROE -77.62% ROA -38.77%
Gross Margin 82.59% Operating Margin -408.22%
Net Margin -1444.10% Free Cash Flow (TTM) -75.84M
ROIC -8.75% FCF Growth (3Y) N/A
Safety
Debt / Equity 0.01 Current Ratio 42.38
Interest Coverage -25.01 Dividend Yield 0.00%
Valuation
P/E Ratio -16.85 P/B Ratio 7.02
P/S Ratio 243.28 PEG Ratio -0.49
EV/EBITDA N/A Dividend Yield 0.00%
Market Cap 5.98B Enterprise Value 5.35B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 24.59M 8.83M 8.76M 7.17M 6.28M
Net Income -355.06M -143.88M -82.72M -53.70M -40.97M
EPS (Diluted) -1.11 -0.75 -0.60 -0.45 -0.33
Gross Profit 20.31M 5.56M 4.62M 4.25M 4.53M
Operating Income -100.37M -77.22M -80.55M -59.46M -38.95M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 915.81M 199.85M 59.36M 26.95M 29.47M
Total Liabilities 63.58M 137.21M 83.84M 56.41M 47.82M
Shareholders' Equity 852.23M 62.65M -24.48M -29.46M -18.36M
Total Debt 7.63M 38.38M 72.65M 42.29M 39.42M
Cash & Equivalents 635.35M 177.98M 41.31M 7.07M 9.48M
Current Assets 896.23M 185.04M 47.05M 13.93M 16.02M
Current Liabilities 21.15M 30.15M 11.25M 16.04M 10.45M