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. For live market cap and overall valuation, see market cap of D-Wave Quantum Inc..
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. Also explore net asset growth rate of D-Wave Quantum Inc. to track the company's year-over-year net asset growth rate.
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. See D-Wave Quantum Inc. financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| 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 | — |