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.
Fiscal year by fiscal year
| Fiscal year | EPS | Change |
|---|---|---|
| FY2025 | −$1.10 | n/a |
| FY2024 | −$0.69 | n/a |
| FY2023 | −$0.63 | n/a |
| FY2022 | −$0.45 | n/a |
| FY2021 | −$0.26 | n/a |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | EPS | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q2 FY26 | −$0.13 | n/a | −$0.71 | |
| Q1 FY26 | −$0.05 | n/a | −$1.13 | |
| Q4 FY25 | −$0.12 | n/a | −$1.10 | |
| Q3 FY25 | −$0.41 | n/a | −$1.35 | |
| Q2 FY25 | −$0.55 | n/a | −$1.05 | |
| Q1 FY25 | −$0.02 | n/a | −$0.60 | |
| Q4 FY24 | −$0.37 | n/a | −$0.69 | |
| Q3 FY24 | −$0.11 | n/a | −$0.42 | |
| Q2 FY24 | −$0.10 | n/a | −$0.43 | |
| Q1 FY24 | −$0.11 | n/a | −$0.54 | |
| Q4 FY23 | −$0.10 | n/a | −$0.63 | |
| Q3 FY23 | −$0.12 | n/a | −$0.69 |
Against its peers
Companies in Software - Application nearest D-Wave Quantum's size, closest first, today.
| Company | PE ratio |
|---|---|
| QBTSD-Wave Quantum | n/m |
| LIFLife360 | 26.6× |
| FAFirst Advantage | 152× |
| MGNIMagnite | 22.0× |
| PEGAPegasystems | 20.6× |
| TTDTrade Desk | 15.5× |
| FIVNFive9 | 54.5× |
| CARGCarGurus | 17.1× |
| RNGRingCentral | 66.7× |
| DXCDXC Technology | 23.0× |
| GRNDGrindr | 26.8× |
| Peer median | 24.8× |
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.