D-Wave Quantum (QBTS)
NYSE:QBTS
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QBTS Stock Chart & Stats
$21.52
-$4.27(-44.71%)
At close: 4:00 PM EST
$21.52
-$4.27(-44.71%)
Day’s Range― - ―
52-Week Range$5.97 - $46.75
Previous CloseN/A
Volume94.73M
Average Volume (3M)23.53M
Market Cap
$7.70B
Enterprise Value$7.32B
Total Cash (Recent Filing)$884.48M
Total Debt (Recent Filing)$7.63M
Price to Earnings (P/E)―
Beta2.02
Next Earnings
May 20, 2026EPS Estimate
-0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.09
Shares Outstanding366,737,600
10 Day Avg. Volume25,984,282
30 Day Avg. Volume23,528,781
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 Cap0.95
Enterprise Value/Revenue297.70
Enterprise Value/Gross Profit360.46
Enterprise Value/Ebitda-20.98
Forecast
1Y Price Target
$38.18Price Target Upside77.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)-0.34
Revenue Forecast (FY)$43.85M
Bulls Say, Bears Say
Bulls Say
Balance Sheet FlexibilityA robust cash balance provides flexibility to fund operations, pursue strategic acquisitions, and support commercialization initiatives without an immediate need for additional financing.
Sales And BookingsStrong bookings growth and an expanded sales pipeline position the company to convert multiple system sales and support growing customer engagements across industries such as airlines, payments, defense, healthcare, chemicals, and aerospace.
Technology AcquisitionAcquisition of Quantum Circuits Inc. assets and Dual‑Rail Qubit technology is expected to accelerate development of high‑fidelity gate‑model systems with built‑in error detection, potentially speeding commercial readiness for AI and machine learning workloads.
Bears Say
Cost And Profitability PressureIntegration of recent acquisitions and raised operating‑expense targets to support a government‑focused business unit are likely to increase R&D and general operating costs, pressuring near‑term profitability.
Share DilutionSignificant share issuance used to build the cash position has produced meaningful shareholder dilution, which can weigh on per‑share metrics and investor sentiment.
Technology Manufacturability And CompetitionManufacturability challenges for Dual‑Rail Qubit gate technology, combined with competition from trapped‑ion, neutral‑atom, and photonic approaches, raise execution and adoption risks for gate‑model systems.
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 $5.97 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 $7.70B.
When is D-Wave Quantum’s upcoming earnings report date?
D-Wave Quantum’s upcoming earnings report date is May 20, 2026 which is in 31 days.
How were D-Wave Quantum’s earnings last quarter?
D-Wave Quantum released its earnings results on Feb 26, 2026. The company reported -$0.09 earnings per share for the quarter, missing the consensus estimate of -$0.063 by -$0.027.
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 is -0.08.
How many shares outstanding does D-Wave Quantum have?
D-Wave Quantum has 366,737,600 shares outstanding.
What happened to D-Wave Quantum’s price movement after its last earnings report?
D-Wave Quantum reported an EPS of -$0.09 in its last earnings report, missing expectations of -$0.063. Following the earnings report the stock price went up 2.494%.
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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$38.18 (77.42% Upside)
$38.18 (77.42% Upside)
Blogger Sentiment
Neutral
QBTS Sentiment 55%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 2.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 1.5%
Last 30 Days ▲ 0.2%
Last 30 Days ▲ 0.2%
News Sentiment
Bullish
Bullish news 74%
Bearish news 26%
Bearish news 26%
Technicals
SMA
Negative
20 days / 200 days
Momentum
234.16%
12-Months-Change
Fundamentals
Return on Equity
-58.58%
Trailing 12-Months
Asset Growth
358.24%
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized significant commercial and technical momentum — record revenue growth (179% YoY), major system sales and enterprise QCaaS deals closed post-year-end, a large pipeline expansion (+~1,500% YoY), strong gross margin improvement, and a strategic acquisition (Quantum Circuits) that advances a dual-platform strategy. These positives are tempered by large GAAP net losses driven by non-cash warrant remeasurement, rising adjusted operating losses and adjusted EBITDA, YoY bookings decline (offset by strong sequential recovery and post-period bookings), expected OpEx increases (~15% sequential growth), and supply/fab risks. On balance the results show accelerating commercialization and strong liquidity, but with deliberate near-term investment that increases adjusted losses and creates timing variability in revenue recognition.View all QBTS earnings summariesQBTS Stock 12 Month Forecast
Average Price Target
$38.18
▲(77.42% Upside)
Technical Analysis
Ownership Overview
1.36% Insiders
13.56% Mutual Funds
0.08% Other Institutional Investors
68.73% Public Companies and Individual Investors