D-Wave Quantum Inc. (QBTS) — Working Capital to Net Assets Ratio
D-Wave Quantum Inc. (QBTS) has a Working Capital to Net Assets ratio of 51.5% as of March 2026. Working capital of $578.75 Million (current assets of $607.11 Million minus current liabilities of $28.36 Million) is measured against net assets of $1.12 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See D-Wave Quantum Inc. leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
D-Wave Quantum Inc. Working Capital to Net Assets (2020–2025)
This chart shows how D-Wave Quantum Inc.'s Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at 51.5%, reflecting working capital of $578.75 Million against net assets of $1.12 Billion USD. See QBTS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for D-Wave Quantum Inc. (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for D-Wave Quantum Inc. from 2020 to 2025, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see D-Wave Quantum Inc. stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 102.7% | $875.08 Million | $852.23 Million | $896.23 Million | $21.15 Million | ▼ -144.6 pp |
| 2024 | 247.3% | $154.90 Million | $62.65 Million | $185.04 Million | $30.14 Million | ▲ +393.5 pp |
| 2023 | -146.2% | $35.80 Million | $-24.48 Million | $47.05 Million | $11.25 Million | ▼ -153.4 pp |
| 2022 | 7.2% | $-2.12 Million | $-29.46 Million | $13.93 Million | $16.04 Million | ▲ +37.5 pp |
| 2021 | -30.3% | $5.57 Million | $-18.36 Million | $16.02 Million | $10.45 Million | ▼ -119.9 pp |
| 2020 | 89.6% | $29.31 Million | $32.73 Million | $41.28 Million | $11.97 Million | — |