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NasdaqGS · Technology · Statistics

D-Wave Quantum valuation and key ratios.

Valuation, profitability, balance-sheet health, and risk metrics for QBTS, refreshed each market session.

Section freshness

Price Aug 23, 5:02 AM EDT · Statements Jun 29, 8:00 PM EDT

Key metrics at a glance

The numbers most investors check first

Market cap

$7.59B

P/E (TTM)

Forward P/E

FCF yield

-1.57%

Return on equity

-22.96%

Dividend yield

Valuation

Market cap
$7.59B
Enterprise value
$7.33B
Price / sales
611.19
Price / book
7.01
EPS (TTM)
$-0.70

Long-run compounding

CAGR since IPO and aggregate price growth.

Adjusted daily closes are annualized over the full price history; dividends are not included in this price-only return view.

CAGR since IPO
13.04%
From first adjusted close on December 11, 2020
Aggregate CAGR
66.35%
1Y, 3Y, 5Y blended CAGR
First tracked close
$10.15
December 11, 2020
History span
5.7 yrs
Dec 11, 2020 to Aug 21, 2026 · 1,429 closes
Latest tracked close
$20.39
August 21, 2026
All-time high
$46.75
October 15, 2025
All-time low
$0.40
May 8, 2023
History source
Long range
Yahoo Finance

Valuation map

Price / sales611.19
Price / book7.01

Risk and scale

Beta (5Y)2.16

More volatile than the market

Debt / equity0.03
Current ratio20.55

Pro formula stack

Ratios investors search for after the headline quote.

These are TECHi-computed from overview, income statement, balance sheet, and cash-flow rows when market-data sources expose the ingredients.

EV / revenue
590.12
Enterprise value / TTM revenue
FCF yield
-1.57%
TTM free cash flow / market cap
FCF / share
$-0.32
TTM free cash flow / shares outstanding
Rule of 40
-958.97%
Revenue growth + FCF margin
ROIC approx.
-20.77%
NOPAT / invested capital
CROIC
-14.50%
FCF / invested capital
TECHi quality score
2 / 7
7-point profitability, cash, leverage, and trend check

Quality and capital returns

FCF margin-958.36%

TTM free cash flow / TTM revenue

FCF conversion-0.48

TTM FCF / TTM net income

Gross profit / assets0.69%

Gross-profit productivity screen

Sales yield0.16%

TTM revenue / market cap

Balance-sheet and reinvestment reads

Net debt / EBITDA0.00

0.00 means net cash

Debt / FCF-0.29

Total debt / TTM FCF

R&D / revenue658.22%

Tech-stock reinvestment intensity

CapEx / revenue65.96%

Capital intensity of the business

Distress and optionality read

QBTS Altman Z-score: 59.30.

TECHi computes a non-financial-company Altman-style score from working capital, retained earnings, EBIT, market value, liabilities, revenue, and assets. It is not a bankruptcy prediction, but it gives pro readers a fast stress screen that most quote pages do not show beside live valuation metrics.

Altman Z-score
59.30
Higher = stronger stress profile
Net cash / share
$0.71
Cash minus debt, per share
Working capital
$533.31M
Current assets minus current liabilities
Debt growth YoY
+8.81%
Latest quarter vs same quarter last year

Profitability

Gross margin
64.19%
Operating margin
-1732.05%
Net margin
-1561.38%
Return on equity
-22.96%
Return on assets
-21.47%
Debt / equity
0.03
Current ratio
20.55
>1 = covers near-term liabilities
Beta (5Y)
2.16

Margin profile

Gross margin64.19%
Operating margin-1732.05%
Net margin-1561.38%
Return on equity-22.96%

Profitability read

QBTS converts -1561.4% of revenue into net income.

Sub-8% net margins leave little cushion for input-cost shocks. Look for the operating-margin trend and the gross-margin floor — a stable gross with a recovering operating margin is the cleanest setup.

Per-share & range

Shares outstanding
369.26M
52w high
$46.75
52w low
$12.75

Corporate actions

Stock split history

Adjusted for all historical splits

Split events
0

Reported fundamentals

Company statistics fields

These figures come from the latest issuer filings and live quote-derived formulas.

Revenue (TTM)
$12.43M
TECHi unified data
Gross profit (TTM)
$7.97M
TECHi unified data
Book value
$2.93
TECHi unified data
Revenue / share
$0.03
TECHi unified data
Earnings growth YoY
76.36%
TECHi unified data
Revenue growth YoY
-0.61%
TECHi unified data
50-day average
$20.62
TECHi unified data
200-day average
$22.01
TECHi unified data

Frequently asked

Common questions.

What is D-Wave Quantum's market capitalization?

D-Wave Quantum (QBTS) currently shows a fresh market-cap field of $7.6 billion.

Where do TECHi's QBTS statistics come from?

The Statistics page uses TECHi's unified market-data layer and omits fields whose winning source is missing or explicitly stale.