Screener
D-Wave Quantum QBTS Ratios & Valuation
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 64.2%-18.3pp | 66.3%-17.0pp | 82.6%+19.6pp | 82.8%+18.5pp | 82.5%+17.8pp | |
| Operating margin | -1,372.9%-1,020pp | -1,155.6%-823pp | -408.2%+467pp | -355.2%+425pp | -353.1%+352pp | |
| Net margin | -2,001.6%-738pp | -2,957.2%-2,339pp | -1,444.1%+186pp | -1,651.8%-869pp | -1,263.9%-600pp | |
| Returns | ||||||
| Return on equity | -28%— | -55.3%— | -77.6%— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0×0.0× | 0×-0.1× | 0×0.0× | 0.1×-0.1× | 0×-0.2× | |
| Liquidity | ||||||
| Current ratio | 20.5×-22.4× | 21.4×+0.7× | 42.4×+36.2× | 54.7×+53.3× | 43×+41.9× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×-0.1× | 0.1×-0.6× | 0.1×— | 0.1×— | |
| Per Share | ||||||
| Book value per share | $2.92+27.2% | $3.06+323% | $2.65+714% | $1.96+2,436% | $2.30+1,937% | |
| Valuation | ||||||
| Market capitalization | $7.92B+44.2% | $5.34B+141% | $9.34B+313% | $8.45B+4,895% | $4.68B+2,444% | |
| Price / sales | 637.7×+391× | 429×+325× | 379.7×+124× | 350×+332× | 210×+192× | |
| Price / book | 7.3×-0.6× | 4.7×-5.9× | 11×-25.1× | 12.6×— | 6.7×— |
FAQ
- What are D-Wave Quantum's profit margins?
- D-Wave Quantum (QBTS) runs a 64.2% gross margin and a -1372.9% operating margin, with a -2001.6% net margin.
- Where do D-Wave Quantum's ratios come from?
- Every ratio is computed from D-Wave Quantum's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
