D-Wave Quantum (XSWX:QBTS) Selling, General, & Admin. Expense: CHF85.81 Mil (TTM As of Mar. 2026)


XSWX:QBTS D-Wave Quantum Inc XSWX:QBTS
64 GF Score
Price CHF18.56
GF Value CHF2.22
! 4 Warning Signs
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What is D-Wave Quantum Selling, General, & Admin. Expense?

D-Wave Quantum XSWX:QBTS 64 Selling, General, & Admin. Expense is CHF85.81 Mil as of Mar. 2026. GuruFocus rates XSWX:QBTS with a GF Score™ of 64/100 and a GF Value™ of CHF2.22. The stock has 4 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. D-Wave Quantum's selling, general, & admin. expense for the three months ended in Mar. 2026 was CHF30.75 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was CHF85.81 Mil.


D-Wave Quantum  (XSWX:QBTS) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


D-Wave Quantum Selling, General, & Admin. Expense Related Terms


D-Wave Quantum Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for D-Wave Quantum's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

D-Wave Quantum Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial 18.08 31.61 47.29 47.49 69.94

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
Selling, General, & Admin. Expense 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 14.88 15.78 16.33 22.95 30.75

XSWX:QBTS vs : Selling, General, & Admin. Expense Comparison

For the Computer Hardware subindustry, D-Wave Quantum's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Hardware Industry

For the Hardware industry and Technology sector, D-Wave Quantum's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where D-Wave Quantum's Selling, General, & Admin. Expense falls into.


XSWX:QBTS
64GF Score
D-Wave Quantum Inc XSWX:QBTS
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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D-Wave Quantum Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense 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 CHF85.81 Mil.

* 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.

What does a Selling, General, & Admin. Expense of CHF85.81 Mil mean?
D-Wave Quantum (XSWX:QBTS) has a Selling, General, & Admin. Expense of CHF85.81 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on D-Wave Quantum and its competitors.
Is D-Wave Quantum's Selling, General, & Admin. Expense too high?
D-Wave Quantum's current Selling, General, & Admin. Expense is CHF85.81 Mil. Overall, D-Wave Quantum has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's Selling, General, & Admin. Expense compare to ?
D-Wave Quantum's Selling, General, & Admin. Expense of CHF85.81 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Hardware company?
A good Selling, General, & Admin. Expense depends on the Hardware industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on D-Wave Quantum and its competitors. D-Wave Quantum's current Selling, General, & Admin. Expense is CHF85.81 Mil. 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?
D-Wave Quantum (XSWX:QBTS) has a current Selling, General, & Admin. Expense of CHF85.81 Mil. The stock's GF Value™ is CHF2.22, compared to a current price of CHF18.56 — trading 736.1% above its estimated fair value. The current Selling, General, & Admin. Expense is CHF85.81 Mil. D-Wave Quantum's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For D-Wave Quantum (XSWX:QBTS), the current Selling, General, & Admin. Expense is CHF85.81 Mil 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 (XSWX:QBTS) Overvalued in 2026?

Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued. The current stock price of CHF18.56 is trading 736.1% above its estimated GF Value™ of CHF2.22.

Key valuation signals for XSWX:QBTS:

  • Selling, General, & Admin. Expense: CHF85.81 Mil
  • GF Value™: CHF2.22 vs. price of CHF18.56 (736.1% above fair value)
  • GF Score™: 64/100 with 4 warning signs

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


D-Wave Quantum Business Description

Comparable Companies
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.
64GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF18.56
Price
CHF2.22
GF Value