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D-Wave Quantum Completes $400M Equity Offering Program

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D-Wave Quantum Completes $400M Equity Offering Program

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An announcement from D-Wave Quantum ( (QBTS) ) is now available.

On July 1, 2025, D-Wave Quantum Inc. announced the successful completion of its $400 million ‘at-the-market’ equity offering program, which ran from June 11 to June 27, 2025. The program was completed at an average price of $15.18 per share, a significant premium over the previous offering, and increased the company’s cash balance to approximately $815 million. The proceeds are intended for strategic acquisitions and general corporate purposes, reinforcing D-Wave’s position as a leading commercial quantum computing company.

The most recent analyst rating on (QBTS) stock is a Buy with a $2.25 price target. To see the full list of analyst forecasts on D-Wave Quantum stock, see the QBTS Stock Forecast page.

Spark’s Take on QBTS Stock

According to Spark, TipRanks’ AI Analyst, QBTS is a Neutral.

D-Wave Quantum’s overall score is driven by strong positive sentiment from recent earnings and growth in revenue, despite financial challenges such as negative profitability and cash flows. Technical indicators support a bullish outlook, but valuation remains a concern due to ongoing losses.

To see Spark’s full report on QBTS stock, click here.

More about D-Wave Quantum

D-Wave Quantum Inc. is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers, offering both annealing and gate-model quantum computers. The company aims to help customers realize the value of quantum computing today, with applications spanning optimization, artificial intelligence, and research.

Average Trading Volume: 65,683,213

Technical Sentiment Signal: Buy

Current Market Cap: $4.38B

For detailed information about QBTS stock, go to TipRanks’ Stock Analysis page.

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