D-Wave Quantum QBTS Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 82.6%+19.6pp | 63%+10.2pp | 52.8%-6.0pp | 58.8%-13.3pp | |
| Operating margin | -408.2%+467pp | -874.8%+44.8pp | -919.7%-89.6pp | -830.1%-210pp | |
| Net margin | -1,444.1%+186pp | -1,630%-686pp | -944.5%-202pp | -742.7%-90.1pp | |
| Returns | |||||
| Return on equity | -77.6%— | —— | —— | —— | |
| Efficiency | |||||
| Asset turnover | 0×0.0× | 0.1×-0.1× | 0.2×-0.1× | 0.3×+0.1× | |
| Liquidity | |||||
| Current ratio | 42.4×+36.2× | 6.1×+2.0× | 4.2×+3.3× | 0.9×-0.7× | |
| Leverage | |||||
| Debt-to-equity | 0.1×-0.6× | 0.6×— | —— | —— | |
| Per Share | |||||
| Book value per share | $2.65+714% | $0.33+284% | -$0.18+27.9% | -$0.25-68.2% | |
| Valuation | |||||
| Market capitalization | $9.34B+313% | $2.26B+1,517% | $139.82M-14.3% | $163.2M-86.7% | |
| Price / sales | 379.7×+124× | 256.1×+240× | 16×-6.8× | 22.7×-173× | |
| Price / book | 11×-25.1× | 36.1×— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are D-Wave Quantum's profit margins?
- D-Wave Quantum (QBTS) runs a 66.3% gross margin and a -1155.6% operating margin, with a -2957.2% 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.
