D-Wave Quantum (MEX:QBTS) EBITDA per Share: MXN-21.87 (TTM As of Mar. 2026)


MEX:QBTS D-Wave Quantum Inc MEX:QBTS
39 GF Score
Price MXN416.50
GF Value MXN42.82
Valuation Significantly Overvalued
! 4 Warning Signs
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What is D-Wave Quantum EBITDA per Share?

D-Wave Quantum MEX:QBTS +4.43% 39 EBITDA per Share is MXN-21.87 as of Mar. 2026. GuruFocus rates MEX:QBTS with a GF Score™ of 39/100 and a GF Value™ of MXN42.82 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,032 Hardware companies, D-Wave Quantum ranks worse than 92.67% on this metric.

D-Wave Quantum's EBITDA per Share for the three months ended in Mar. 2026 was MXN-2.08. Its EBITDA per Share for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-21.87.

During the past 3 years, the average EBITDA per Share Growth Rate was -38.40% per year. During the past 5 years, the average EBITDA per Share Growth Rate was -47.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA per Share growth rate using EBITDA per Share data.

The historical rank and industry rank for D-Wave Quantum's EBITDA per Share or its related term are showing as below:

MEX:QBTS' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -66   Med: -38.4   Max: -31.9
Current: -38.4

During the past 6 years, the highest 3-Year average EBITDA per Share Growth Rate of D-Wave Quantum was -31.90% per year. The lowest was -66.00% per year. And the median was -38.40% per year.

MEX:QBTS's 3-Year EBITDA Growth Rate is ranked worse than
92.67% of 2032 companies
in the Hardware industry
Industry Median: 1.55 vs MEX:QBTS: -38.40

D-Wave Quantum's EBITDA for the three months ended in Mar. 2026 was MXN-764.6 Mil.

During the past 3 years, the average EBITDA Growth Rate was -92.30% per year. During the past 5 years, the average EBITDA Growth Rate was -80.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA Growth Rate using EBITDA data.

During the past 6 years, the highest 3-Year average EBITDA Growth Rate of D-Wave Quantum was -59.00% per year. The lowest was -92.30% per year. And the median was -79.10% per year.


D-Wave Quantum  (MEX:QBTS) EBITDA per Share Explanation

EBITDA is a cash flow measure that ignores changes in working capital. EBITDA minus Depreciation, and Amortization (DA) equals EBIT. EBIT is profit before interest and taxes. Of course, Interest and taxes need to be paid.

While depreciation and amortization expenses do not need to be paid in cash, assets - especially tangible assets - do need to be replaced over time. EBITDA is not a measure of profit in any sense. EBITDA is a measure of cash generation by a business where the uses of that cash may be more or less discretionary depending on the nature of the business.

The EBITDA of a TV station is largely discretionary. Owners may use much of the EBITDA generated by a TV station as they see fit. The EBITDA of a railroad is largely non-discretionary. Owners must use much of the EBITDA generated by a railroad to replace the physical assets of the railroad or the business will literally fall apart over time.

EBITDA can be thought of as the cash a business generates that is available to:

Add more inventory
Add more receivables
Replace property, plant, and equipment
Add more property, plant, and equipment
Pay interest
Pay taxes
And finally: pay owners

EBITDA is widely used in financial analysis because Depreciation and Amortization are not present day cash expenses. Depreciation and amortization are the spreading out of the costs of assets over the time in which those assets provide benefits. Today's depreciation and amortization expenses relate to assets bought in the past. The assets being expensed may or may not need to be replaced in the future. And the cost to replace the assets may be more or less than it was in the past. For this reason, the depreciation and amortization expenses a company records in the present year may have no relationship to the actual cash costs needed to maintain its assets in future years.

A company's depreciation expense depends on both its expectations about the assets it owns and its choice of accounting methods. Two companies owning identical assets may have different depreciation expenses because they have different expectations about the useful lives of those assets and because they make different accounting choices.

Analysts use EBITDA to remove this element of personal choice from a company's accounting statements. The use of EBITDA is an attempt to make the results of different companies more comparable and uniform.


Be Aware

Although depreciation is not a cash cost, it is a real business cost because the company has to pay for the fixed assets when they purchase them. Both Warren Buffett and Charlie Munger hate the idea of EBITDA because in this calculation, depreciation is not counted as an expense.

EBITDA over Revenue is a good metric for comparing the operating efficiencies between companies because EBITDA is less vulnerable to companies' accounting choices. For this reason, EBITDA is used in ranking the Predictability of Companies.


D-Wave Quantum EBITDA per Share Related Terms


D-Wave Quantum EBITDA per Share Historical Data

* Premium members only.

The historical data trend for D-Wave Quantum's EBITDA per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

D-Wave Quantum EBITDA per Share Chart

D-Wave Quantum Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA per Share
Get a 7-Day Free Trial -6.42 -7.99 -9.94 -14.99 -19.55

D-Wave Quantum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.33 -10.38 -7.46 -1.95 -2.08
MEX:QBTS
39GF Score
D-Wave Quantum Inc MEX:QBTS
EBITDA per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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D-Wave Quantum EBITDA per Share Calculation

EBITDA per Share is the amount of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) per outstanding share of the company's stock.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is what the company earns before it expenses interest, taxes, depreciation and amortization.

D-Wave Quantum's EBITDA per Share for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA per Share(A: Dec. 2025 )
=EBITDA/Shares Outstanding (Diluted Average)
=-6279.362/321.202
=-19.55

D-Wave Quantum's EBITDA per Share for the quarter that ended in Mar. 2026 is calculated as

EBITDA per Share(Q: Mar. 2026 )
=EBITDA/Shares Outstanding (Diluted Average)
=-764.586/367.473
=-2.08

EBITDA per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-21.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA per Share →
What does a EBITDA per Share of MXN-21.87 mean?
D-Wave Quantum (MEX:QBTS) has a EBITDA per Share of MXN-21.87 as of Mar. 2026. EBITDA per share is the per-share amount of earnings before interest, taxes, depreciation and amortization. View historical data on D-Wave Quantum and its competitors. According to the industry distribution chart, D-Wave Quantum ranks #1883 out of 2032 companies in the Hardware industry, placing it in the top 92.7%.
Is D-Wave Quantum's EBITDA per Share too high?
D-Wave Quantum's current EBITDA per Share is MXN-21.87. Based on the distribution chart, D-Wave Quantum ranks #1883 out of 2032 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, D-Wave Quantum has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's EBITDA per Share compare to RGTI and QUBT?
According to the Hardware industry distribution chart, D-Wave Quantum ranks #1883 out of 2032 companies for EBITDA per Share. This places D-Wave Quantum in the lower half of its industry. The industry median EBITDA per Share is 1.55. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA per Share for a Hardware company?
The median EBITDA per Share among Hardware companies is 1.55, based on 2,032 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA per Share significantly above this median, while those in the bottom quartile fall well below. However, EBITDA per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA per Share mean?
A high EBITDA per Share can signal that a stock is expensive relative to its fundamentals. EBITDA per share is the per-share amount of earnings before interest, taxes, depreciation and amortization. View historical data on D-Wave Quantum and its competitors. For the Hardware industry, the median EBITDA per Share is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-Wave Quantum's current EBITDA per Share is MXN-21.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-Wave Quantum stock overvalued right now?
Based on GuruFocus' analysis, D-Wave Quantum (MEX:QBTS) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN42.82, compared to a current price of MXN416.50 — trading 872.7% above its estimated fair value. The current EBITDA per Share is MXN-21.87. D-Wave Quantum's overall GF Score™ is 39/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA per Share calculated?
EBITDA per Share is calculated from a company's financial statements. For D-Wave Quantum (MEX:QBTS), the current EBITDA per Share is MXN-21.87 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is D-Wave Quantum (MEX:QBTS) Overvalued in 2026?

Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued. The current stock price of MXN416.50 is trading 872.7% above its estimated GF Value™ of MXN42.82. GuruFocus considers D-Wave Quantum to be Significantly Overvalued.

Key valuation signals for MEX:QBTS:

  • EBITDA per Share: MXN-21.87
  • GF Value™: MXN42.82 vs. price of MXN416.50 (872.7% above fair value)
  • GF Score™: 39/100 with 4 warning signs

No single metric tells the full story. See the MEX:QBTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


D-Wave Quantum Business Description

Address 2650 East Bayshore Road, Palo Alto, CA, USA, 94303
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.
39GF Score

Get the complete analysis for MEX:QBTS

EBITDA per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN416.50
Price
MXN42.82
GF Value