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QBTS Stock Chart & Stats
$21.69
-$4.27(-44.71%)
At close: 4:00 PM EST
$21.69
-$4.27(-44.71%)
Day’s Range― - ―
52-Week Range$12.75 - $46.75
Previous CloseN/A
Volume94.73M
Average Volume (3M)24.23M
Market Cap
$6.20B
Enterprise Value$4.76K
Total Cash (Recent Filing)$588.39M
Total Debt (Recent Filing)$46.82M
Price to Earnings (P/E)―
Beta2.82
Next Earnings
Aug 06, 2026EPS Estimate
-0.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.15
Shares Outstanding367,269,070
10 Day Avg. Volume16,896,028
30 Day Avg. Volume24,227,139
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
$38.27Price Target Upside76.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)-0.3
Revenue Forecast (FY)$42.78M
Bulls Say, Bears Say
Bulls Say
Strong Liquidity & Low LeverageA large cash and marketable securities balance (~$588M) combined with minimal debt materially reduces near-term refinancing and solvency risk. That liquidity underpins continued R&D and commercialization investments, giving the company time to convert bookings into revenue before needing external financing.
Record Bookings & Backlog GrowthSharp bookings and RPO expansion provide durable forward revenue visibility: a meaningful portion of RPO is near-term (54% in 12 months), implying potential revenue conversion over the next 2-12 months and supporting scaling of cloud and services revenue streams if execution holds.
Dual-Platform Tech & Strategic AcquisitionOwning both annealing and emerging gate-model capabilities, augmented by the Quantum Circuits acquisition and industry recognition, strengthens differentiated tech moats. This positions the company to address broader application sets long-term and capture hybrid optimization and future gate-model demand.
Bears Say
Sustained Cash BurnPersistent negative operating and free cash flows at near triple-digit millions annually consume liquidity and force reliance on bookings conversion or fresh capital. Even with a large cash cushion, sustained burn raises dilution and execution risk if revenue growth stalls.
Revenue Volatility & Lumpy SalesHeavy dependence on intermittent multi-step system sales creates uneven revenue timing and forecasting difficulty. Lumpy recognition impairs predictable cash flow and obscures near-term growth trends, complicating scaling of fixed cost base and resource planning.
Rising Operating Costs & LossesRapidly higher operating expenses—driven by acquisition costs, S&M and R&D—have widened EBITDA and GAAP losses. If revenue conversion lags, elevated fixed and semi-fixed costs will pressure margins and extend the timeline to break-even, increasing capital-raising risk.
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 $6.20B.
When is D-Wave Quantum Inc.’s upcoming earnings report date?
D-Wave Quantum Inc.’s upcoming earnings report date is Aug 06, 2026 which is in 17 days.
How were D-Wave Quantum Inc.’s earnings last quarter?
D-Wave Quantum Inc. released its earnings results on May 12, 2026. The company reported -$0.028 earnings per share for the quarter, beating the consensus estimate of -$0.077 by $0.049.
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 -0.09.
How many shares outstanding does D-Wave Quantum Inc. have?
D-Wave Quantum Inc. has 367,269,070 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 -$0.028 in its last earnings report, beating expectations of -$0.077. Following the earnings report the stock price went down -6.991%.
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:
$38.27 (76.45% Upside)
$38.27 (76.45% Upside)
Blogger Sentiment
Bullish
QBTS Sentiment 70%
Sector Average 63%
Sector Average 63%
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
Positive
Last 7 Days ▼ 0.5%
Last 30 Days ▲ 1.9%
Last 30 Days ▲ 1.9%
News Sentiment
Very Bullish
Bullish news 83%
Bearish news 17%
Bearish news 17%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-13.04%
12-Months-Change
Fundamentals
Return on Equity
-44.05%
Trailing 12-Months
Asset Growth
268.49%
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 Stock 12 Month Forecast
Average Price Target
$38.27
▲(76.45% Upside)
Technical Analysis
Ownership Overview
1.66% Insiders
13.65% Mutual Funds
0.96% Other Institutional Investors
65.11% Public Companies and Individual Investors