QBTS

D-Wave Quantum Inc. · NASDAQ · Technology · USD · 10-K for 2025, filed 2026-02-26

Figures on this page computed 2026-11-08 13:16 UTC

Last close

10.38USD

Market data, 2026-11-04

QBTS: weekly closes from 29.50 on 2025-11-07 to 10.38 on 2026-11-04, a move of -64.8%. Prices in USD.

Weekly closes, 2025-11-07 to 2026-11-04

Over that span: -64.8%

Except where said otherwise: 10-K for 2025, filed 2026-02-26

n/aP/E
We do not hold this figure for this company, so there is nothing to place.
Price / Earnings per Share (diluted)
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- computed
- 10-K for 2025, filed 2026-02-26
The filing itself
-38.5%ROIC
NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
- 10-Q for 2025, filed 2026-08-06
- 10-K for 2025, filed 2026-02-26
- 10-Q for 2025, filed 2026-08-06
The filing itself
-1444.1%Net margin
Net Income / Revenue x 100
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
The filing itself
-308.5%FCF margin
Free Cash Flow / Revenue x 100
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
The filing itself
0.05Debt/equity
Total Debt / Shareholders' Equity
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-Q for 2025, filed 2026-08-06
The filing itself
n/aDividend yield
We do not hold this figure for this company, so there is nothing to place.
Source
computed
Taken on
2026-11-07
Reported in
USD
- computed

Returns on capital is the furthest below its sector's middle: 0.14 against 0.49 on the market's range.

What it pays out: n/aWe do not hold this figure for this company, so there is nothing to place.

Five bars, one line

lens 7 of 9

2.43x

3.05x

1.55x

1.10x

1.12x

SalesProfitFree cash flowDebtPrice

Each bar against this company's own average; the line is that average.

Filed2025

Market data2026-11-04

Each against its own average

5 of 5 read

Except where said otherwise: 10-K for 2025, filed 2026-02-26

Sales2.43x
Its own average over 6 years, 10.1M.
Profit3.05x
Its own average over 6 years, -116.4M.
Free cash flow1.55x
Its own average over 6 years, -49.0M.
Debt1.10x
Its own average over 6 years, 39.5M.
Price1.12x
Its own average over 7 years, 9. Market data, 2026-11-04

Profit is furthest from its own average, at 3.05 times.

The filed years, as a table

Each line is 100 at 2020-12-31, the first year we hold.

Filed year	Sales	Shares in issue
2020-12-31	100.0	100.0
2021-12-31	121.7	98.6
2022-12-31	139.0	94.1
2023-12-31	169.7	108.5
2024-12-31	171.1	151.1
2025-12-31	476.5	252.6

How sales was got

Source: filed
Statement: income
Fiscal year: 2025
Accession: 0001907982-26-000026
Reported in: USD

The filing itself

How shares in issue was got

Source: filed
Statement: income
Fiscal year: 2025
Accession: 0001907982-26-000026
Reported in: USD

The filing itself

Figures behind the shape

Growth

36.6%

faster is higher, placed against 4,950 companies as of 2026-11-07

Five-year revenue growth rate36.6%
Source
computed
Taken on
2026-11-07
Reported in
USD
- computed
Five-year EPS growth raten/a
We do not hold this figure for this company, so there is nothing to place.
Source
computed
Taken on
2026-11-07
Reported in
USD
- computed
One-year change in net income-146.8%
Source
computed
Taken on
2026-11-07
Reported in
USD
- computed

Returns on capital

-38.5%

higher is higher, placed against 5,089 companies as of 2026-11-07

Return on invested capital-38.5%
NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
- 10-Q for 2025, filed 2026-08-06
- 10-K for 2025, filed 2026-02-26
- 10-Q for 2025, filed 2026-08-06
The filing itself
Return on equity-41.7%
Net Income / Shareholders' Equity x 100
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-Q for 2025, filed 2026-08-06
The filing itself
Return on assets-38.8%
Net Income / Total Assets x 100
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-Q for 2025, filed 2026-08-06
The filing itself

Margins

82.6%

wider is higher, placed against 3,412 companies as of 2026-11-07

Gross margin82.6%
Gross Profit / Revenue x 100
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
The filing itself
Operating margin-408.2%
Operating Income / Revenue x 100
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
The filing itself
Net margin-1444.1%
Net Income / Revenue x 100
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
The filing itself
Free cash flow margin-308.5%
Free Cash Flow / Revenue x 100
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
The filing itself

Price

4.0x

cheaper is higher, placed against 4,362 companies as of 2026-11-07

Price to earningsn/a
We do not hold this figure for this company, so there is nothing to place.
Price / Earnings per Share (diluted)
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- computed
- 10-K for 2025, filed 2026-02-26
The filing itself
Price to book4.0x10-Q for 2025, filed 2026-08-06
Price / Book Value per Share, where BVPS = Shareholders' Equity / Diluted Shares
Source
computed
Fiscal year
2025
Accession
0001907982-26-000129
Reported in
USD
- computed
- 10-Q for 2025, filed 2026-08-06
- computed
- 10-K for 2025, filed 2026-02-26
The filing itself
EV to EBITDAn/a
We do not hold this figure for this company, so there is nothing to place.
Enterprise Value / EBITDA, where EV = Market Cap + Total Debt - Cash
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- computed
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
- 10-Q for 2025, filed 2026-08-06
- 10-K for 2025, filed 2026-02-26
The filing itself
Price to sales ratio139.5x
Market Cap / Revenue, where Market Cap = Price x Diluted Shares
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- computed
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
The filing itself

Safety

0.05

safer is higher, placed against 3,227 companies as of 2026-11-07

Debt to equity0.05
Total Debt / Shareholders' Equity
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-Q for 2025, filed 2026-08-06
The filing itself
Current ratio42.3810-Q for 2025, filed 2026-08-06
Current Assets / Current Liabilities
Source
computed
Fiscal year
2025
Accession
0001907982-26-000129
Reported in
USD
- 10-Q for 2025, filed 2026-08-06
- 10-Q for 2025, filed 2026-08-06
The filing itself
Interest coveragen/a
We do not hold this figure for this company, so there is nothing to place.
Operating Income / Interest Expense
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
The filing itself
Altman Z-Score31.68
1.2 x A + 1.4 x B + 3.3 x C + 0.6 x D + 1.0 x E (A=WC/TA, B=RE/TA, C=EBIT/TA, D=MktCap/TL, E=Rev/TA)
Source
computed
Taken on
2026-11-07
Reported in
USD
- Computed from the 10-K for 2025, filed 2026-02-26
- Computed from the 10-K for 2025, filed 2026-02-26
- Computed from the 10-K for 2025, filed 2026-02-26
- Computed from the 10-K for 2025, filed 2026-02-26
- Computed from the 10-K for 2025, filed 2026-02-26

What it pays out

n/a

We do not hold this figure for this company, so there is nothing to place.

more, and better covered, is higher, with no cohort held

Dividend yieldn/a
We do not hold this figure for this company, so there is nothing to place.
Source
computed
Taken on
2026-11-07
Reported in
USD
- computed
Payout ration/a
We do not hold this figure for this company, so there is nothing to place.
Common Dividends Paid / Net Income x 100, both from the latest filed fiscal year
Source
computed
Fiscal year
2025
Accession
0001907982-26-000026
Reported in
USD
- 10-K for 2025, filed 2026-02-26
- Computed from the 10-K for 2025, filed 2026-02-26
- 10-K for 2025, filed 2026-02-26
The filing itself
Dividend cover ration/a
We do not hold this figure for this company, so there is nothing to place.
Source
computed
Taken on
2026-11-07
Reported in
USD
- computed

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