Valuation dashboard for D-Wave Quantum Inc. (QBTS) with P/E N/A, P/B 3.65, EV/EBITDA -14.2 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.
Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools.
Analysis Summary
D-Wave Quantum Inc. reported revenue of $24.6M in the most recent fiscal year, growing at a 5-year CAGR of 36.7%.
Trailing-twelve-month margins: gross margin 64.2%, operating margin -13.7%, net margin -20.0%.
At $10.09 (closing price, November 2, 2026), QBTS has negative trailing earnings (P/E not meaningful) and an ROE of -26.67%. Market capitalisation stands at $3.8B.
Balance sheet quality for QBTS: debt-to-equity ratio of 0.01, current ratio of 20.55 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| Price / Book | 3.65 |
| EV / EBITDA | -14.2 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| QBTS | D-Wave Quantum Inc. | $3.8B | 3.65 | -26.7% | |
| RGTI | Rigetti Computing, Inc. | $3.6B | 6.62 | -46.8% | |
| IONQ | IonQ, Inc. | $12.1B | 3.11 | -39.3% | |
| QNT | Quantinuum Inc. Class A Common Stock | $8.1B | 2.54 | -46.9% | |
| DELL | Dell Technologies Inc. | $249.6B | 22.78 | -5.7% | |
| 0HHR.L | Arista Networks, Inc. | $227.0B | 53.70 | 14.66 | 30.8% |
| ANET | Arista Networks, Inc. | $207.0B | 51.78 | 14.37 | 30.8% |
| SNDK | Sandisk Corporation | $155.4B | 8.56 | 8.66 | 134.3% |
Price
| Price | $10.09 (closing price, November 2, 2026) |
| Market Cap | $3.8B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | -26.67% |
| Return on Invested Capital | -13.52% |
| Return on Assets | -21.47% |
| Gross Margin | 64.19% |
| Operating Margin | -1,372.88% |
| Net Margin | -2,001.59% |
Related companies: RGTI · IONQ · QNT · DELL · 0HHR.L · ANET · SNDK · STX
Explore sector: Technology · Computer Hardware
More sections of QBTS: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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