Is D-Wave Quantum Inc. (QBTS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.6% / 30% | 12.9% / 30% | 0.1% / 30% | 98.08% / 5% | ✗ NOT HALAL |
| DJIM | 0.6% / 33% | 12.9% / 33% | 0.1% / 33% | 98.08% / 5% | ✗ NOT HALAL |
| MSCI | 4.7% / 33% | 96.6% / 33% | 0.5% / 33% | 98.08% / 5% | ✗ NOT HALAL |
| S&P | 0.6% / 33% | 12.9% / 33% | 0.1% / 33% | 98.08% / 5% | ✗ NOT HALAL |
| FTSE | 4.7% / 33% | 96.6% / 33% | 0.5% / 50% | 98.08% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 82.6% | |
| Operating Margin | -1266.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -77.6% | |
| Return on Assets (ROA) | -11.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$72M |
| Free Cash Flow | -$76M |
| Total Debt | $43M |
| Debt-to-Equity | 5.1 |
| Current Ratio | 42.4 |
| Total Assets | $916M |
Price & Trading
| Last Close | $14.65 |
| 50-Day MA | $19.96 |
| 200-Day MA | $22.45 |
| Avg Volume | 30.5M |
| Beta | 1.7 |
|
52-Week Range
$5.77
| |
About D-Wave Quantum Inc. (QBTS)
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.
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Frequently Asked Questions
Is D-Wave Quantum Inc. (QBTS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), D-Wave Quantum Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is D-Wave Quantum Inc.'s debt ratio?
D-Wave Quantum Inc.'s debt ratio is 0.6% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 4.7%.
What are D-Wave Quantum Inc.'s key financial metrics?
D-Wave Quantum Inc. has a market capitalization of $5.1B, and revenue of $25M. Return on equity stands at -77.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.