Skip to content

D-Wave Quantum QBTS Return on invested capital

Return on invested capital at other companies

International Business Machines logo
International Business MachinesIBM
13.2%+4.1pp
IonQ logo
IonQIONQ
-32.4%-8.1pp
Rigetti Computing, Inc. logo
Rigetti Computing, Inc.RGTI
-24.7%-8.4pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

See full
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

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

Cash flow

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

Valuation

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

Profitability

See full
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

See full
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.

Based on trailing twelve months.

The official record: D-Wave Quantum’s 10-Q, filed November 6, 2025, on SEC EDGAR. View the filing →

Ask your AI about D-Wave Quantum's return on invested capital.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is D-Wave Quantum's return on invested capital?
D-Wave Quantum (QBTS) reported return on invested capital of -1,387.6% in Q4 2023.
What is the long-term trend for D-Wave Quantum's return on invested capital?
Over 2 years (2021 to 2023), D-Wave Quantum's return on invested capital has grown at a 48.8% compound annual growth rate (CAGR), from -626.9% to -1,387.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.