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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%
Quantum Computing Inc. logo
Quantum Computing Inc.QUBT
$1.29B+37.8%
IonQ logo
IonQIONQ
$18.7B+77.0%
Rigetti Computing, Inc. logo
Rigetti Computing, Inc.RGTI
$6.4B+74.8%
Infleqtion logo
InfleqtionINFQ
$2.04B
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$3.1M-0.6%
Gross profit$1.7M-13.8%
Operating income-$53.3M-101%
Net income-$48.0M+71.3%
EPS (diluted)-$0.13+76.4%

Balance sheet

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Cash & equivalents$296.6M-63.8%
Total debt$48.0M+20.0%
Total equity$1.1B+56.0%
Total assets$1.2B+37.3%

Cash flow

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Operating cash flow-$28.5M-86.5%
CapEx$4.4M+493%
Free cash flow-$32.9M-105%

Valuation

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Market cap$7.92B+44.2%
P/S637.7×+391×

Profitability

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Gross margin64.2%-18.3pp
Operating margin-1,372.9%-2,100pp
Net margin-2,001.6%+2,806pp
FCF margin-958.4%-1,451pp

Returns & leverage

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Return on equity-28%
Debt / equity0.0×
Current ratio20.5×-22.4×

Where this comes from

Calculated from D-Wave Quantum’s reported figures.

The source filing: D-Wave Quantum’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001907982-26-000129

FAQ

What is D-Wave Quantum's enterprise value?
D-Wave Quantum (QBTS) reported enterprise value of $8.64B in Q2 2026.
How has D-Wave Quantum's enterprise value changed year-over-year?
D-Wave Quantum's enterprise value increased by 121.6% year-over-year, from $3.9B to $8.64B.
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?
Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.

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