D-Wave Quantum Balance Sheet Health
Financial Health criteria checks 5/6
D-Wave Quantum has a total shareholder equity of $62.6M and total debt of $30.5M, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are $199.9M and $137.2M respectively.
Key information
48.6%
Debt to equity ratio
US$30.48m
Debt
| Interest coverage ratio | n/a |
| Cash | US$177.98m |
| Equity | US$62.65m |
| Total liabilities | US$137.21m |
| Total assets | US$199.85m |
Recent financial health updates
Recent updates
D-Wave Quantum: A Speculative Bet On The Quantum Wave
Apr 27D-Wave: Too Complex, Too Uncertain, Just Avoid
Mar 25D-Wave Quantum: A Hot Stock, But I'll Pass
Mar 17D-Wave: I No Longer See An Asymmetric Risk/Reward Bet
Mar 10D-Wave Quantum: Another Rally To Sell
Feb 24D-Wave Quantum: Large TAM And First-Mover Advantage
Jan 22D-Wave: The Only Quantum Computing Company For A Decade
Jan 14D-Wave Quantum Stock Is Trading Above Its Fundamental Worth, But It's Too Risky To Bet Against It
Jan 04Quantum Could Be 2025's Buzzword, But I Think D-Wave Quantum Is Dangerously Poised
Dec 28D-Wave Quantum: Not Chasing This Rally Based Solely On Hope
Dec 16Why I'm Doubling Down On D-Wave Quantum During This Pullback
Nov 27The Trump-Musk Effect: Can D-Wave Quantum Sustain Its Meteoric Rise Amid Financial Turmoil?
Nov 19D-Wave: Buying Before Earnings
Oct 30D-Wave: Aiming To Leverage Zapata's Industrial Generative AI
Mar 08Quantum Races: D-Wave's Bold Bet Against Giants
Oct 23D-Wave Q2: Profitability Issues, But Its Product Is Seeing Traction From AI
Aug 11Financial Position Analysis
Short Term Liabilities: QBTS's short term assets ($185.0M) exceed its short term liabilities ($30.1M).
Long Term Liabilities: QBTS's short term assets ($185.0M) exceed its long term liabilities ($107.1M).
Debt to Equity History and Analysis
Debt Level: QBTS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if QBTS's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: QBTS has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: QBTS has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 16.6% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/08 18:21 |
| End of Day Share Price | 2025/05/08 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
D-Wave Quantum Inc. is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Williams | Benchmark Company |
| Craig Ellis | B. Riley Securities, Inc. |
| Christian Schwab | Craig-Hallum Capital Group LLC |