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QBTS Stock Chart & Stats
$16.21
-$0.89(-5.20%)
At close: 4:00 PM EDT
$16.21
-$0.89(-5.20%)
Day’s Range― - ―
52-Week Range$12.75 - $46.75
Previous Close$16.25
Volume13.57M
Average Volume (3M)21.72M
Market Cap
$7.27B
Enterprise Value$8.40K
Total Cash (Recent Filing)$546.22M
Total Debt (Recent Filing)$13.08M
Price to Earnings (P/E)―
Beta2.77
Next Earnings
Nov 05, 2026EPS Estimate
-0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.71
Shares Outstanding369,263,820
10 Day Avg. Volume15,658,345
30 Day Avg. Volume21,722,424
Financial Highlights & Ratios
PEG Ratio-0.49
Price to Book (P/B)9.86
Price to Sales (P/S)341.62
P/FCF Ratio-110.75
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$35.79Price Target Upside120.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)-0.3
Revenue Forecast (FY)$43.00M
Bulls Say, Bears Say
Bulls Say
QCaaS Growth And Production AdoptionGrowing cloud revenue and a rising share of production workloads indicate improving customer commercialization. This can support more recurring, scalable revenue and deepen switching costs as enterprises integrate D-Wave into operational processes.
Validated Enterprise Use CasesRepeat deployments with measurable operational benefits demonstrate that D-Wave’s annealing and hybrid systems solve real customer problems. Multiple use cases within major enterprises could expand account value and strengthen reference-based sales.
Technical And Platform DifferentiationPeer-reviewed hardware validation supports D-Wave’s dual-platform strategy, combining commercial annealing with gate-model development. Demonstrated fidelity and error-detection capabilities may improve credibility with researchers, governments and future enterprise users.
Bears Say
Persistent Cash BurnOngoing operating and free-cash-flow deficits show that commercialization is not yet self-funding. Continued investment in hardware, software and sales may require external financing, leaving the company exposed to dilution or reduced strategic flexibility.
Large And Widening Operating LossesThe cost base is expanding faster than current revenue, reflecting heavy development and go-to-market investment. Unless customer growth converts into substantial recurring revenue, persistent losses could constrain execution and increase funding dependence.
Revenue Volatility And System TimingMaterial system sales create uneven reported revenue, while cloud and services remain comparatively small. Dependence on a few deliveries makes visibility weaker and can obscure underlying growth, complicating planning and delaying operating leverage.
D-Wave Quantum News
QBTS FAQ
What was D-Wave Quantum Inc.’s price range in the past 12 months?
D-Wave Quantum Inc. lowest stock price was $12.75 and its highest was $46.75 in the past 12 months.
What is D-Wave Quantum Inc.’s market cap?
D-Wave Quantum Inc.’s market cap is $7.27B.
When is D-Wave Quantum Inc.’s upcoming earnings report date?
D-Wave Quantum Inc.’s upcoming earnings report date is Nov 05, 2026 which is in 77 days.
How were D-Wave Quantum Inc.’s earnings last quarter?
D-Wave Quantum Inc. released its earnings results on Aug 06, 2026. The company reported -$0.1 earnings per share for the quarter, missing the consensus estimate of -$0.085 by -$0.015.
Is D-Wave Quantum Inc. overvalued?
According to Wall Street analysts D-Wave Quantum Inc.’s price is currently Undervalued.
Does D-Wave Quantum Inc. pay dividends?
D-Wave Quantum Inc. does not currently pay dividends.
What is D-Wave Quantum Inc.’s EPS estimate?
D-Wave Quantum Inc.’s EPS estimate is -0.1.
How many shares outstanding does D-Wave Quantum Inc. have?
D-Wave Quantum Inc. has 369,263,820 shares outstanding.
What happened to D-Wave Quantum Inc.’s price movement after its last earnings report?
D-Wave Quantum Inc. reported an EPS of -$0.1 in its last earnings report, missing expectations of -$0.085. Following the earnings report the stock price went down -9.28%.
Which hedge fund is a major shareholder of D-Wave Quantum Inc.?
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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$35.79 (120.76% Upside)
$35.79 (120.76% Upside)
Blogger Sentiment
Bullish
QBTS Sentiment 71%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 131.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $17.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▼ 1.3%
Last 30 Days ▼ 1.3%
News Sentiment
Very Bullish
Bullish news 88%
Bearish news 12%
Bearish news 12%
Technicals
SMA
Negative
20 days / 200 days
Momentum
3.39%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
37.32%
Trailing 12-Months
Company Description
D-Wave Quantum Inc.
Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a cloud-based service that enables real-time interaction with a live quantum computer. This service further provides access to Advantage, along with hybrid problem-solving tools, the Ocean Software Development Kit, live code samples, demonstrations, learning resources, and a vibrant developer community. Additionally, D-Wave provides a dedicated "D-Wave Launch" professional service, guiding enterprises from initial problem identification through to production deployment of quantum applications. Their quantum solutions are leveraged across various domains such as artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. They serve industries including manufacturing, logistics, financial services, and life sciences, among others. D-Wave Quantum Inc. is headquartered in Burnaby, Canada.
QBTS Company Deck
QBTS Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presents a mixed but constructive picture: strong technical validation (Nature paper), clear multi-year roadmaps for both gate-model and annealing platforms, growing enterprise traction with quantifiable production wins (AT&T, Optum, NTT DOCOMO), and materially expanded bookings and backlog. However, near-term financials show a substantial decline in first-half revenue versus last year (driven by timing of a prior large system sale), deteriorating gross margins versus a prior-period high-margin sale, rising adjusted EBITDA losses driven by personnel and development investments, and a notable cash reduction due to the Quantum Circuits acquisition. Strategic and technical progress is significant and supports medium- to long-term commercial opportunity, but the company is currently investing heavily and experiencing larger operational losses and near-term revenue volatility tied to system delivery timing.View all QBTS earnings summariesQBTS Stock 12 Month Forecast
Average Price Target
$35.79
▲(120.76% Upside)
Technical Analysis
Ownership Overview
1.64% Insiders
13.57% Mutual Funds
7.74% Other Institutional Investors
58.53% Public Companies and Individual Investors