D-Wave Quantum Inc.
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services. It also provi… Read more
D-Wave Quantum Inc. (QBTS) - Net Assets
Latest net assets as of September 2025: $670.55 Million USD
Based on the latest financial reports, D-Wave Quantum Inc. (QBTS) has net assets worth $670.55 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($865.82 Million) and total liabilities ($195.27 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $670.55 Million |
| % of Total Assets | 77.45% |
| Annual Growth Rate | 17.62% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
D-Wave Quantum Inc. - Net Assets Trend (2020–2024)
This chart illustrates how D-Wave Quantum Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for D-Wave Quantum Inc. (2020–2024)
The table below shows the annual net assets of D-Wave Quantum Inc. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $62.65 Million | +355.90% |
| 2023-12-31 | $-24.48 Million | +16.91% |
| 2022-12-31 | $-29.46 Million | -60.51% |
| 2021-12-31 | $-18.36 Million | -156.08% |
| 2020-12-31 | $32.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to D-Wave Quantum Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 33321700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $27.00K | 0.04% |
| Other Comprehensive Income | $-10.51 Million | -16.78% |
| Other Components | $700.07 Million | 1117.50% |
| Total Equity | $62.65 Million | 100.00% |
D-Wave Quantum Inc. Competitors by Market Cap
The table below lists competitors of D-Wave Quantum Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Georg Fischer AG
PINK:FCHRF
|
$5.94 Billion |
|
J&T Global Express Limited
F:J92
|
$5.94 Billion |
|
Noble Corporation plc
NYSE:NE
|
$5.94 Billion |
|
Zhejiang Supcon Technology Co. Ltd. A
SHG:688777
|
$5.95 Billion |
|
Konami Holdings Corporation
PINK:KONMY
|
$5.93 Billion |
|
LPP S.A.
WAR:LPP
|
$5.93 Billion |
|
ASX Ltd
AU:ASX
|
$5.93 Billion |
|
Samvardhana Motherson International Limited
NSE:MOTHERSON
|
$5.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in D-Wave Quantum Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -24,481,000 to 62,646,000, a change of 87,127,000.
- Net loss of 143,879,000 reduced equity.
- Share repurchases of 44,285,000 reduced equity.
- New share issuances of 214,191,000 increased equity.
- Other comprehensive income increased equity by 7,000.
- Other factors increased equity by 61,093,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-143.88 Million | -229.67% |
| Share Repurchases | $44.28 Million | -70.69% |
| Share Issuances | $214.19 Million | +341.91% |
| Other Comprehensive Income | $7.00K | +0.01% |
| Other Changes | $61.09 Million | +97.52% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares D-Wave Quantum Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 53.58x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 58.58x to 53.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.30 | $17.47 | x |
| 2021-12-31 | $-0.15 | $17.47 | x |
| 2022-12-31 | $-0.25 | $17.47 | x |
| 2023-12-31 | $-0.18 | $17.47 | x |
| 2024-12-31 | $0.33 | $17.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently D-Wave Quantum Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -229.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1629.99%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 3.19x
- Recent ROE (-229.67%) is below the historical average (-59.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -67.12% | -425.72% | 0.11x | 1.45x | $-25.24 Million |
| 2021 | 0.00% | -652.54% | 0.21x | 0.00x | $-39.14 Million |
| 2022 | 0.00% | -748.67% | 0.27x | 0.00x | $-50.76 Million |
| 2023 | 0.00% | -944.45% | 0.15x | 0.00x | $-80.27 Million |
| 2024 | -229.67% | -1629.99% | 0.04x | 3.19x | $-150.14 Million |
Industry Comparison
This section compares D-Wave Quantum Inc.'s net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $102,165,222,837
- Average return on equity (ROE) among peers: -82.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| D-Wave Quantum Inc. (QBTS) | $670.55 Million | -67.12% | 0.29x | $5.94 Billion |
| Acer Incorporated (ACEYY) | $75.03 Billion | -3.88% | 2.02x | $3.26 Billion |
| AGM Group Holdings Inc Class A (AGMH) | $4.25 Million | 55.33% | 1.47x | $2.33 Million |
| AstroNova Inc (ALOT) | $33.90 Million | 8.85% | 0.18x | $49.05 Million |
| Arista Networks (ANET) | $788.15 Million | 15.37% | 0.47x | $138.43 Billion |
| Bgin Blockchain Limited Class A Ordinary Shares (BGIN) | $148.92 Million | 93.81% | 0.29x | $27.14K |
| Braiin Limited Common Stock (BRAI) | $-2.83 Million | 0.00% | 0.00x | $46.37 Million |
| BTC Digital Ltd. (BTCT) | $36.58 Million | -1050.71% | 23.21x | $9.90 Million |
| Canon Inc. (CAJPY) | $945.07 Billion | 3.28% | 1.35x | $24.42 Billion |
| Canaan Inc (CAN) | $543.31 Million | 56.77% | 0.63x | $346.91 Million |
| CCUR Holdings Inc (CCUR) | $-1.50 Million | 0.00% | 0.00x | $6.74 Million |