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D-Wave Quantum (QBTS)
NYSE:QBTS
QBTS Stock Chart & Stats
$20.11
-$4.27(-44.71%)
At close: 4:00 PM EST
$20.11
-$4.27(-44.71%)
Day’s Range― - ―
52-Week Range$4.45 - $46.75
Previous CloseN/A
Volume94.73M
Average Volume (3M)33.90M
Market Cap
$7.51B
Enterprise Value$6.58B
Total Cash (Recent Filing)$836.23M
Total Debt (Recent Filing)$39.79M
Price to Earnings (P/E)―
Beta1.93
Next Earnings
Apr 10, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.05
Shares Outstanding369,829,130
10 Day Avg. Volume36,912,409
30 Day Avg. Volume33,897,973
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)25.76
Price to Sales (P/S)182.83
P/FCF Ratio-36.07
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue272.41
Enterprise Value/Gross Profit328.93
Enterprise Value/Ebitda-16.62
Forecast
1Y Price Target
$40.36Price Target Upside100.70% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)-0.23
Revenue Forecast (FY)$43.03M
Bulls Say, Bears Say
Bulls Say
Acquisition And Qubit TechnologyAcquisition of specialized superconducting hardware and adoption of dual-rail qubit technology could accelerate development of error detection and scalable, higher-fidelity gate-model systems, strengthening the technical roadmap.
Commercial Traction And PartnershipsExpanding commercial engagements, including system sales, major cloud service agreements, and international capacity-sharing partnerships, validates customer demand and supports near-term revenue expansion.
Dual-platform StrategyPursuing both quantum annealing and gate-model platforms positions the company to serve a broader set of customer needs and capture more of the growing quantum computing market.
Bears Say
Competitive OvercrowdingA crowded field of many competing quantum companies increases the risk of industry consolidation, potentially eroding market share for companies that do not emerge as clear leaders.
Integration And Cost PressureIntegration of acquisitions and scaling operations is expected to materially raise research and operating expenses, which could pressure near-term profitability and cash flow.
Technical Execution RiskDelivering error-corrected, scalable gate-model qubits is technically challenging, and delays or underperformance on key milestones could postpone commercial returns and weaken investor confidence.
D-Wave Quantum News
QBTS FAQ
What was D-Wave Quantum’s price range in the past 12 months?
D-Wave Quantum lowest stock price was $4.45 and its highest was $46.75 in the past 12 months.
What is D-Wave Quantum’s market cap?
D-Wave Quantum’s market cap is $7.51B.
When is D-Wave Quantum’s upcoming earnings report date?
D-Wave Quantum’s upcoming earnings report date is Apr 10, 2026 which is in 63 days.
How were D-Wave Quantum’s earnings last quarter?
D-Wave Quantum released its earnings results on Nov 06, 2025. The company reported -$0.05 earnings per share for the quarter, beating the consensus estimate of -$0.066 by $0.016.
Is D-Wave Quantum overvalued?
According to Wall Street analysts D-Wave Quantum’s price is currently Undervalued.
Does D-Wave Quantum pay dividends?
D-Wave Quantum does not currently pay dividends.
What is D-Wave Quantum’s EPS estimate?
D-Wave Quantum’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does D-Wave Quantum have?
D-Wave Quantum has 369,829,130 shares outstanding.
What happened to D-Wave Quantum’s price movement after its last earnings report?
D-Wave Quantum reported an EPS of -$0.05 in its last earnings report, beating expectations of -$0.066. Following the earnings report the stock price went down -8.478%.
Which hedge fund is a major shareholder of D-Wave Quantum?
Currently, no hedge funds are holding shares in QBTS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
D-Wave Quantum Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$40.36 (100.70% Upside)
$40.36 (100.70% Upside)
Blogger Sentiment
Neutral
QBTS Sentiment 52%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $156.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 5.2%
Last 30 Days ▼ 2.6%
Last 30 Days ▼ 2.6%
News Sentiment
Very Bullish
Bullish news 83%
Bearish news 17%
Bearish news 17%
Technicals
SMA
Positive
20 days / 200 days
Momentum
271.52%
12-Months-Change
Fundamentals
Return on Equity
-122.03%
Trailing 12-Months
Asset Growth
1646.98%
Trailing 12-Months
Company Description
D-Wave Quantum
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.
QBTS Company Deck
QBTS Earnings Call
Q3 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
D-Wave's earnings call showcased robust revenue growth, international expansion, and significant technological milestones, including quantum supremacy. However, the company faced challenges with increased net loss and adjusted EBITDA loss due to higher operating expenses and noncash charges.View all QBTS earnings summariesQBTS Stock 12 Month Forecast
Average Price Target
$40.36
▲(100.70% Upside)
Technical Analysis
Ownership Overview
7.34% Insiders
15.38% Mutual Funds
0.02% Other Institutional Investors
61.22% Public Companies and Individual Investors