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D-Wave Quantum Inc. (QBTS)
:QBTS
QBTS Stock Chart & Stats
Day’s Range― - ―
52-Week Range$0.87 - $29.18
Previous CloseN/A
Volume94.73M
Average Volume (3M)45.09M
Market Cap
$9.15B
Enterprise Value$3.65B
Total Cash (Recent Filing)$304.32M
Total Debt (Recent Filing)$8.09M
Price to Earnings (P/E)―
Beta2.28
Next Earnings
Nov 06, 2025EPS Estimate
-0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.08
Shares Outstanding338,605,160
10 Day Avg. Volume72,284,939
30 Day Avg. Volume45,085,192
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 Cap0.40
Enterprise Value/Revenue170.68
Enterprise Value/Gross Profit205.06
Enterprise Value/Ebitda-27.29
Forecast
1Y Price Target
$23.18Price Target Upside-13.38% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering11
Bulls Say, Bears Say
Bulls Say
Commercial ExpansionD-Wave is positioned as the only quantum computing company with customers using its systems in daily business operations, demonstrating near-term and long-term value.
Financial StrengthThe record cash position of over $819M provides a substantial runway to advance both organic R&D and targeted M&A, positioning the company to address a broad range of high-value computational problems.
Technology AdvancementD-Wave introduced its sixth-generation quantum system, Advantage2, which delivers enhanced coherence, energy scale, and connectivity to address computational problems beyond the reach of classical systems.
Bears Say
Investment RisksRecent equity offerings have positioned the company with the strongest cash balance in its history, which is enabling D-Wave to go on the offense and increase its investments across M&A, quantum technology, manufacturing, and personnel, potentially increasing financial risk.
Market CompetitionThe dual-track development of annealing and gate-model systems creates optionality across complementary quantum computing architectures, which could lead to complex strategic decisions in a competitive market.
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 $0.87 and its highest was $29.18 in the past 12 months.
What is D-Wave Quantum Inc.’s market cap?
D-Wave Quantum Inc.’s market cap is $9.15B.
When is D-Wave Quantum Inc.’s upcoming earnings report date?
D-Wave Quantum Inc.’s upcoming earnings report date is Nov 06, 2025 which is in 38 days.
How were D-Wave Quantum Inc.’s earnings last quarter?
D-Wave Quantum Inc. released its earnings results on Aug 07, 2025. The company reported -$0.08 earnings per share for the quarter, missing the consensus estimate of -$0.051 by -$0.029.
Is D-Wave Quantum Inc. overvalued?
According to Wall Street analysts D-Wave Quantum Inc.’s price is currently Overvalued.
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 -0.07.
How many shares outstanding does D-Wave Quantum Inc. have?
D-Wave Quantum Inc. has 338,605,160 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 -$0.08 in its last earnings report, missing expectations of -$0.051. Following the earnings report the stock price went down -2.332%.
Which hedge fund is a major shareholder of D-Wave Quantum Inc.?
Currently, no hedge funds are holding shares in QBTS
D-Wave Quantum Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$23.18 (-13.38% Downside)
$23.18 (-13.38% Downside)
Blogger Sentiment
Neutral
QBTS Sentiment 50%
Sector Average 67%
Sector Average 67%
Insider Transactions
Sold Shares
Worth $8.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.0%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
2630.61%
12-Months-Change
Fundamentals
Return on Equity
-83.70%
Trailing 12-Months
Asset Growth
1264.81%
Trailing 12-Months
Company Description
D-Wave Quantum Inc.
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
Q2 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
D-Wave's earnings call reflects significant technical progress and strong financial positioning, highlighted by the successful launch of the Advantage2 quantum computer and a strong cash reserve. However, these positives are tempered by a substantial net loss and slower-than-expected deal closures, suggesting a balanced outlook.View all QBTS earnings summariesQBTS Stock 12 Month Forecast
Average Price Target
$23.18
▼(-13.38% Downside)
Technical Analysis
Ownership Overview
7.69% Insiders
8.22% Mutual Funds
6.29% Other Institutional Investors
65.81% Public Companies and Individual Investors