QBTSD-Wave Quantum Inc.

$17.52

Is it safe?

Can QBTS take a bad year?

D-Wave Quantum Inc. holds $511M more cash than debt, and is burning $30M a quarter, about 4.6 years of cover.

$511M

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Altman Z-score
75.90

Altman Z-score · safe zone, above 3

Cash runway
4.6 years

Cash runway · burning $30M a quarter at the current rate

Details
Total debtQ2 2026
$35M
Cash and short-term investments
$546M
Net cash
$511M
EBITDA, trailing twelve months
−$165M
Operating profit, trailing twelve months
−$171M
Debt / equity
0.03×
Annualised volatilitytwo years of daily moves
145%
Worst drawdown on file
−97%
Below its 52-week high
−61%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.