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D-Wave Quantum Inc. (QBTS)

20.49 +0.21 (+1.04%)
At close: May 1 at 4:00:02 PM EDT
20.67 +0.18 (+0.88%)
Overnight: 1:22:35 AM EDT
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News headlines D-Wave Quantum (QBTS) is navigating a volatile market with significant upcoming events, including an Investor Day. Despite recent stock declines, analysts see potential upside with a median target of $36.83, reflecting nearly 100% upsidefrom current levels.

D-Wave Quantum (QBTS) is navigating a volatile market with significant upcoming events, including an Investor Day. Despite recent stock declines, analysts see potential upside with a median target of $36.83, reflecting nearly 100% upsidefrom current levels.

Updated 31m ago · Powered by Yahoo Scout
  • Previous Close 20.28
  • Open 20.10
  • Bid --
  • Ask --
  • Day's Range 19.57 - 20.67
  • 52 Week Range 6.82 - 46.75
  • Volume 20,264,250
  • Avg. Volume 26,514,666
  • Market Cap (intraday) 7.59B
  • Beta (5Y Monthly) 1.77
  • PE Ratio (TTM) --
  • EPS (TTM) -1.11
  • Earnings Date May 12, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 35.77

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.

www.dwavequantum.com

382

Full Time Employees

December 31

Fiscal Year Ends

Technology

Sector

Performance Overview: QBTS

Trailing total returns as of 5/1/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

QBTS
21.64%
S&P 500 (^GSPC)
5.62%

1-Year Return

QBTS
193.55%
S&P 500 (^GSPC)
29.01%

3-Year Return

QBTS
4,142.24%
S&P 500 (^GSPC)
73.47%

5-Year Return

QBTS
106.55%
S&P 500 (^GSPC)
72.92%

Earnings Trends: QBTS

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY25
Revenue 2.75M
Earnings -31.75M

Q1

FY25

Q2

FY25

Q3

FY25

Q4

FY25

-30M
-20M
-10M
0
10M

Analyst Insights: QBTS

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Analyst Price Targets

19.58
35.77 Average
20.49 Current
45.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 2/27/2026
Analyst Mizuho
Rating Action Maintains
Rating Outperform
Price Action Lowers
Price Target 46 -> 40

Statistics: QBTS

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Valuation Measures

Annual
As of 5/1/2026
  • Market Cap

    7.59B

  • Enterprise Value

    6.75B

  • Trailing P/E

    --

  • Forward P/E

    --

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    267.68

  • Price/Book (mrq)

    8.91

  • Enterprise Value/Revenue

    274.50

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    0.00%

  • Return on Assets (ttm)

    -11.24%

  • Return on Equity (ttm)

    -77.62%

  • Revenue (ttm)

    24.59M

  • Net Income Avi to Common (ttm)

    -355.06M

  • Diluted EPS (ttm)

    -1.11

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    884.48M

  • Total Debt/Equity (mrq)

    5.10%

  • Levered Free Cash Flow (ttm)

    -57.99M

Compare To: QBTS

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Company Insights: QBTS

Fair Value

20.49 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

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