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D-Wave Quantum QBTS Enterprise value

Enterprise value at other companies

International Business Machines logo
International Business MachinesIBM
$293.95B+0.3%
IonQ logo
IonQIONQ
$10.1B+97.0%
Alphabet Inc. logo
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%
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×
Current ratio21.4×+0.7×

Where this comes from

Calculated from D-Wave Quantum’s reported figures.

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 enterprise value?
D-Wave Quantum (QBTS) reported enterprise value of $5.05B in Q1 2026.
How has D-Wave Quantum's enterprise value changed year-over-year?
D-Wave Quantum's enterprise value increased by 159.0% year-over-year, from $1.95B to $5.05B.
What is the long-term trend for D-Wave Quantum's enterprise value?
Over 5 years (2020 to 2025), D-Wave Quantum's enterprise value has grown at a 88.2% compound annual growth rate (CAGR), from $370.65M to $8.74B.
What does enterprise value mean?
What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?
The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?
Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.