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D-Wave Quantum QBTS Current ratio

Current ratio at other companies

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International Business MachinesIBM
0.8×-0.2×
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14.1×+0.9×
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Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$2.9M-80.9%
Gross profit$1.8M-86.9%
Operating income-$54.7M-385%
Net income-$18.4M-239%
EPS (diluted)-$0.05-150%

Balance sheet

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Cash & equivalents$338.2M+11.1%
Total debt$46.7M+22.5%
Total equity$1.1B+442%
Total assets$1.2B+268%

Cash flow

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Operating cash flow-$45.0M-133%
CapEx$1.1M+147%
Free cash flow-$46.0M-134%

Valuation

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Market cap$9.15B+141%
Enterprise value$8.85B+159%
P/S735×+557×

Profitability

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Gross margin66.3%-17.0pp
Operating margin-1,155.6%-1,938pp
Net margin-2,957.2%-4,019pp
FCF margin-821%-1,451pp

Returns & leverage

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Return on equity-55.3%
Debt / equity-0.1×

Where this comes from

Calculated from D-Wave Quantum’s reported figures.

Based on the most recent quarter.

The official record: D-Wave Quantum’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is D-Wave Quantum's current ratio?
D-Wave Quantum (QBTS) reported current ratio of 21.4× in Q1 2026.
How has D-Wave Quantum's current ratio changed year-over-year?
D-Wave Quantum's current ratio increased by 3.3% year-over-year, from 20.7× to 21.4×.
What is the long-term trend for D-Wave Quantum's current ratio?
Over 5 years (2020 to 2025), D-Wave Quantum's current ratio has grown at a 76.5% compound annual growth rate (CAGR), from 2.5× to 42.4×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.