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. For the complete balance sheet picture, see D-Wave Quantum Inc. balance sheet assets.
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. Explore how much does D-Wave Quantum Inc. reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
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. Explore long-term investment intensity of D-Wave Quantum Inc. to see how much of total assets are deployed in long-term investments.
| 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 | — |