D-Wave Quantum Inc

NYSE:QBTSTechnologyCBOEFTSE:MRUTNASDAQ:IXCO

$11.75−0.68%LiveIn session · ≈ AED 43.15 · Market cap $4.34B · Next earnings Thu 5 Nov

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	82.3%	72.1%	59.2%	52.8%	63.0%	82.6%	—	—
Operating margin	−609.8%	−620.3%	−828.9%	−919.7%	−874.8%	−408.2%	−408.2%	+0.0 pts
Net margin	−425.7%	−652.5%	−748.7%	−944.5%	−1,630.0%	−1,444.1%	−1,444.1%	+0.0 pts
EBITDA margin	−272.5%	−547.2%	−683.6%	−923.0%	−1,564.0%	−1,418.4%	—	—
Return on equity	−67.1%	223.2%	182.3%	337.9%	−229.7%	−41.7%	−41.7%	+0.0 pts
Return on assets	−46.3%	−139.0%	−199.3%	−139.4%	−72.0%	−38.8%	−38.8%	+0.0 pts
Return on capital employed	−88.7%	−204.8%	−545.1%	−167.4%	−45.5%	−11.2%	—	—
Debt / equity	0.1×	−2.1×	−1.4×	−3.0×	0.6×	0.1×	0.1×	+0.0%
Debt / assets	9.8%	133.8%	156.9%	122.4%	19.2%	4.7%	—	—
Interest coverage	−6.1×	−9.7×	−25.5×	−37.4×	−19.8×	−25.0×	—	—
Current ratio	3.4×	1.5×	0.9×	4.2×	6.1×	42.4×	42.4×	+0.0%
Quick ratio	3.2×	1.3×	0.7×	4.0×	6.1×	42.2×	—	—
Cash ratio	1.8×	0.9×	0.4×	3.7×	5.9×	30.0×	30.0×	+0.0%
Asset turnover	0.1×	0.2×	0.3×	0.1×	0.0×	0.0×	—	—
Inventory turnover	0.4×	0.8×	1.3×	2.0×	1.9×	1.5×	—	—
Receivables turnover	0.3×	3.0×	6.6×	5.3×	5.0×	5.3×	—	—
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.