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QBTS (D-Wave Quantum) Net-Net Working Capital : $0.64 (As of Mar. 2025)


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What is D-Wave Quantum Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

D-Wave Quantum's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $0.64.

The industry rank for D-Wave Quantum's Net-Net Working Capital or its related term are showing as below:

QBTS's Price-to-Net-Net-Working-Capital is ranked worse than
83.98% of 1205 companies
in the Hardware industry
Industry Median: 7.27 vs QBTS: 24.55

D-Wave Quantum Net-Net Working Capital Historical Data

The historical data trend for D-Wave Quantum's Net-Net Working Capital 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.

* Premium members only.

D-Wave Quantum Net-Net Working Capital Chart

D-Wave Quantum Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
-1.65 -2.07 -0.42 -0.25 0.16

D-Wave Quantum Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net-Net Working Capital 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 -0.35 -0.22 -0.17 0.16 0.64

Competitive Comparison of D-Wave Quantum's Net-Net Working Capital

For the Computer Hardware subindustry, D-Wave Quantum's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


D-Wave Quantum's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, D-Wave Quantum's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where D-Wave Quantum's Price-to-Net-Net-Working-Capital falls into.


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D-Wave Quantum Net-Net Working Capital Calculation

D-Wave Quantum's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(177.98+0.75 * 1.42+0.5 * 1.686-137.207
-0-0)/266.596
=0.16

D-Wave Quantum's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(304.321+0.75 * 1.047+0.5 * 1.702-118.211
-0-0)/291.351
=0.64

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


D-Wave Quantum  (NYSE:QBTS) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


D-Wave Quantum Net-Net Working Capital Related Terms

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D-Wave Quantum Business Description

Traded in Other Exchanges
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.
Executives
Diane Nguyen officer: General Counsel 3033 BETA AVENUE, BURNABY A1 V5G4M9
Roger Biscay director 1545 RIVER PARK DRIVE, SUITE 210, SACRAMENTO CA 95815
Steven M West director 3033 BETA AVENUE, BURNABY A1 V5G 4M9
John M. Markovich officer: Chief Financial Officer 3033 BETA AVENUE, BURNABY A1 V5G 4M9
Alan E Baratz director, officer: President & CEO 3033 BETA AVENUE, BURNABY A1 V5G 4M9
Public Sector Pension Investment Board 10 percent owner 1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Emil Michael director C/O DPCM CAPITAL, INC., 382 NE 191 STREET, # 24148, MIAMI FL 33179
Victoria Brydon officer: See remarks 3033 BETA AVENUE, BURNABY A1 V5G 4M9
Smalley Philip Adam Iii director 3033 BETA AVENUE, BURNABY A1 V5G4M9
Ziv Ehrenfeld director 3033 BETA AVENUE, BURNABY A1 V5G4M9
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Bridge Street 2014, L.p. 10 percent owner 200 WEST STREET, NEW YORK NY 10282-2198
2014, L.p. Mbd 10 percent owner 200 WEST STREET, NEW YORK NY 10282-2198
2014 Employee Offshore Aggregator, L.p. 10 percent owner P.O BOX 309 UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Stone Street 2014 Holdings, L.p. 10 percent owner P.O BOX 309 UGLAND HOUSE, GEORGE TOWN E9 KY1-1104