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D-Wave Quantum PE ratio QBTS

Share price divided by earnings per share over the last twelve months, since 2021.

Today, Oct 23, 2026
n/m
losses over the last year
Earnings per share, 12 months
−$0.71
to Jun 30, 2026
Share price
$11.66
Oct 23, 2026
Peer median
24.8×

D-Wave Quantum has no meaningful PE ratio today: it lost $0.71 a share over the last twelve months, and a PE needs earnings.

It has had no meaningful PE for most of its history, so the chart below shows the earnings per share a PE divides the price by.

Earnings per share over time

A PE divides the share price by these earnings. While they were a loss or a sliver, the PE meant nothing, so this chart shows the earnings themselves.

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearEPSChange
FY2025−$1.10n/a
FY2024−$0.69n/a
FY2023−$0.63n/a
FY2022−$0.45n/a
FY2021−$0.26n/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedEPSOn a year earlierLast 12 months
Q2 FY26−$0.13n/a−$0.71
Q1 FY26−$0.05n/a−$1.13
Q4 FY25−$0.12n/a−$1.10
Q3 FY25−$0.41n/a−$1.35
Q2 FY25−$0.55n/a−$1.05
Q1 FY25−$0.02n/a−$0.60
Q4 FY24−$0.37n/a−$0.69
Q3 FY24−$0.11n/a−$0.42
Q2 FY24−$0.10n/a−$0.43
Q1 FY24−$0.11n/a−$0.54
Q4 FY23−$0.10n/a−$0.63
Q3 FY23−$0.12n/a−$0.69

Against its peers

Companies in Software - Application nearest D-Wave Quantum's size, closest first, today.

CompanyPE ratio
QBTSD-Wave Quantumn/m
LIFLife36026.6×
FAFirst Advantage152×
MGNIMagnite22.0×
PEGAPegasystems20.6×
TTDTrade Desk15.5×
FIVNFive954.5×
CARGCarGurus17.1×
RNGRingCentral66.7×
DXCDXC Technology23.0×
GRNDGrindr26.8×
Peer median24.8×

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

More on D-Wave Quantum

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.