Stocktoria
D-Wave Quantum Inc. QBTS
NYSE · XNYS · stock · Services-Computer Processing & Data Preparation · website · IPO 2020-10-11
D-Wave Quantum Inc. statistics & valuation
Market cap$8.4B
P / B9.9×
Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else is from filings.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Gross margin | 82.6% | 63.0% | 52.8% | 59.2% | 72.1% |
| Operating margin | -408.2% | -874.8% | -919.7% | -828.9% | -620.3% |
| Net margin | -1444.1% | -1630.0% | -944.5% | -748.7% | -502.4% |
| FCF margin | -308.5% | -507.0% | -699.2% | -636.4% | -582.5% |
| Return on assets | -38.8% | -72.0% | -139.4% | -199.3% | -96.7% |
| Return on equity | -41.7% | -229.7% | 337.9% | 182.3% | 171.9% |
| Debt / equity | 0.04× | 0.48× | -2.61× | -1.06× | -0.68× |
| Current ratio | 42.38 | 6.14 | 4.18 | 0.87 | 1.86 |
| Revenue growth | 178.5% | 0.8% | 22.1% | 14.2% | — |
Source: SEC EDGAR filings · CIK 0001907982 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.