D-Wave Quantum Inc. (QBTS) — Tangible Net Worth Ratio
D-Wave Quantum Inc. (QBTS) has a Tangible Net Worth Ratio of 80.9% as of March 2026. This metric is calculated by deducting intangible assets ($215.28 Million) from net assets ($1.12 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset growth rate of D-Wave Quantum Inc. to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
D-Wave Quantum Inc. Tangible Net Worth Ratio (2020–2025)
This chart shows how D-Wave Quantum Inc.'s Tangible Net Worth Ratio has changed across 3 annual periods from 2020 to 2025. As of March 2026, the ratio stands at 80.9%, reflecting net assets of $1.12 Billion with intangible assets of $215.28 Million USD. Check D-Wave Quantum Inc. strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for D-Wave Quantum Inc. (2020–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for D-Wave Quantum Inc. from 2020 to 2025, covering 3 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see D-Wave Quantum Inc. market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.9% | $852.23 Million | $915.00K | $915.81 Million | ▲ +0.7 pp |
| 2024 | 99.2% | $62.65 Million | $490.00K | $199.85 Million | ▼ -0.3 pp |
| 2020 | 99.5% | $32.73 Million | $148.00K | $47.46 Million | — |