D-Wave Quantum Inc risk profile

54 Elevated one input has moved against it

Measured 21 October 2026 from QBTS's filed statements. Recomputed nightly.

54 (Elevated), driven by Cash conversion at 100, over 7 weighted categories on the MANUFACTURER profile.

What is measured

MechanismReadingBandDirectionDriver
Market expectation75StretchedVolatileOne-year price volatility — 111.6%
Operating pressure1ContainedEasingInput-cost exposure — 0.02
Cash conversion100AcuteStableCapital spending against operating cash — -0.05x
Leverage and coverage35NormalStableInterest cover — -24.62x
Competitive position45ElevatedStableOperating-margin gap against peers — -416.8 percentage points
Concentration85AcuteWorseningCustomer concentration — 4,489 HHI

These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.

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Financials, valuation and price history for D-Wave Quantum Inc