D-Wave Quantum Inc.

As of March 31, 2026, D-Wave Quantum Inc. carries a market capitalization of 4.62B, placing it among publicly traded companies globally. Its enterprise value stands at 4.15B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

D-Wave Quantum Inc.'s next confirmed earnings release is scheduled for November 5, 2026.

As of March 31, 2026, D-Wave Quantum Inc. has 370.04M shares outstanding.

These figures are as of March 31, 2026. The price-to-sales ratio is 395.89, and the price-to-book ratio stands at -5.34.

These figures are as of March 31, 2026. The EV/Sales ratio of 385.80 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. These enterprise value multiples are built on an enterprise value of 4.15B versus a market cap of 4.62B, with the gap driven by net debt and cash on the balance sheet.

As of March 31, 2026, D-Wave Quantum Inc. maintains a current ratio of 21.41, meaning it holds 21.4x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 4.16, indicating elevated leverage, while an interest coverage ratio of -34.08 demonstrates limited ability to service its debt obligations.

These figures cover the twelve months ended March 31, 2026. Return on assets (ROA) is negative at -48.25, reflecting losses generated across the asset base. The company generates approximately 35,412.19 in revenue per employee across its workforce of 304.00, a quick read on workforce productivity versus industry peers. Inventory turnover of 1.82 indicates how many times D-Wave Quantum Inc. sells and replaces its inventory over a year, a key working capital efficiency ratio.

Over the twelve months ended March 31, 2026, D-Wave Quantum Inc. recorded an income tax benefit of -24.61M rather than an expense, typically from losses, carryforwards, or the release of a tax provision. The company reported a pretax loss of -342.97M and -318.36M in bottom-line net income, so the effective tax rate carries little signal until profitability returns.

As of the close on October 23, 2026, D-Wave Quantum Inc.'s stock has declined approximately 61.13% over the past 52 weeks. The 50-day moving average sits at 14.14, while the 200-day moving average is 17.00.

Over the twelve months ended March 31, 2026, D-Wave Quantum Inc. generated 10.77M in revenue and converted that into -318.36M in net income, yielding earnings per share of -0.93. EBITDA reached -119.30M, while operating income came in at -124.40M.

As of March 31, 2026, D-Wave Quantum Inc. holds 509.02M in cash and equivalents against 40.50M in total debt, resulting in a net debt position of -261.81M. Total book value stands at -865.38M, with working capital of 500.68M providing operational flexibility.

D-Wave Quantum Inc. produced -84.49M in operating cash flow over the twelve months ended March 31, 2026. After subtracting -3.90M in capital expenditures, free cash flow totaled -88.39M - equivalent to -0.26 per share.

Over the twelve months ended March 31, 2026, D-Wave Quantum Inc. posted a gross margin of 66.27, reflecting its pricing power and cost economics. The operating margin of -1,155.61 and net profit margin of -2,957.23 provide insight into operational efficiency.

These figures cover the twelve months ended March 31, 2026. Free cash flow yield is negative at -2.07: the business is consuming cash rather than generating it, so any dividend is not covered by free cash flow. Total shareholder yield is negative at -11.86, meaning D-Wave Quantum Inc. raised more capital through share issuance and new debt than it returned via dividends and buybacks.

As of March 31, 2026, D-Wave Quantum Inc. has an Altman Z-Score of 40.60, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.