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D-Wave Quantum ( (QBTS) ) has provided an announcement.
On November 21, 2025, D-Wave Quantum Inc. announced the completion of the redemption of all its outstanding public warrants to purchase shares of its common stock, effective as of November 19, 2025. This redemption resulted in the exercise of 4,746,358 warrants for approximately 6.9 million shares, yielding $54.6 million in cash proceeds, while 270,820 unexercised warrants were redeemed for $0.01 each. Following this, the warrants ceased trading on the NYSE and were delisted, although the company’s common stock continues to trade under the symbol ‘QBTS’.
The most recent analyst rating on (QBTS) stock is a Hold with a $26.00 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 stock score is primarily influenced by its financial challenges, including persistent losses and cash flow issues. While the earnings call highlighted strong revenue growth and a solid cash position, the technical indicators suggest a bearish trend, and the valuation metrics are unattractive due to the lack of profitability.
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 and the only company building both annealing and gate-model quantum computers. D-Wave’s mission is to help customers realize the value of quantum computing today, with its quantum computers featuring QPUs with sub-second response times that can be deployed on-premises or accessed through a quantum cloud service.
Average Trading Volume: 52,861,466
Technical Sentiment Signal: Buy
Current Market Cap: $8.21B
For a thorough assessment of QBTS stock, go to TipRanks’ Stock Analysis page.