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D-Wave Quantum Inc. (QBTS)

16.58 -0.24 (-1.43%)
At close: September 4 at 4:00:00 PM EDT
16.58 0.00 (0.00%)
After hours: September 4 at 7:59:52 PM EDT
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What's happening with QBTS?

23m ago
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D-Wave Quantum (QBTS) is facing significant challenges after a disappointing Q2 revenue report and the retirement of its CFO. The stock has seen a 30-day decline of 22.95%and YTD drop of 40.21%, amid concerns over its ability to secure large system deals and rising operational costs.

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  • Previous Close 16.82
  • Open 16.75
  • Bid 16.30 x 300
  • Ask 20.40 x 100
  • Day's Range 16.43 - 16.88
  • 52 Week Range 12.75 - 46.75
  • Volume 12,805,640
  • Avg. Volume 20,385,874
  • Market Cap (intraday) 6.175B
  • Beta (5Y Monthly) 2.14
  • PE Ratio (TTM) --
  • EPS (TTM) -0.70
  • Earnings Date (est.) Nov 5, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 35.24

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

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

QBTS
36.60%
S&P 500 (^GSPC)
12.75%

1-Year Return

QBTS
8.44%
S&P 500 (^GSPC)
18.71%

3-Year Return

QBTS
1,380.36%
S&P 500 (^GSPC)
70.93%

5-Year Return

QBTS
69.70%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 3.08M
Earnings -48.03M
Profit Margin -1,561.38%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

-100M
-50M
0
-3000.0%
-2000.0%
-1000.0%

Analyst Insights

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Analyst Price Targets

22.00
35.24 Average
16.58 Current
43.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 8/7/2026
Analyst Rosenblatt
Rating Action Maintains
Rating Buy
Price Action Maintains
Price Target 43 -> 43

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    0.00%

  • Return on Assets (ttm)

    -10.65%

  • Return on Equity (ttm)

    -27.99%

  • Revenue (ttm)

    12.43M

  • Net Income Avi to Common (ttm)

    -248.7M

  • Diluted EPS (ttm)

    -0.70

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    546.21M

  • Total Debt/Equity (mrq)

    4.44%

  • Levered Free Cash Flow (ttm)

    -73.38M

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