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QBTS Stock Chart & Stats
$19.35
-$0.89(-5.20%)
At close: 4:00 PM EDT
$19.35
-$0.89(-5.20%)
Day’s Range― - ―
52-Week Range$12.75 - $46.75
Previous Close$16.25
Volume13.57M
Average Volume (3M)17.64M
Market Cap
$6.16B
Enterprise Value$8.40K
Total Cash (Recent Filing)$546.22M
Total Debt (Recent Filing)$13.08M
Price to Earnings (P/E)―
Beta2.76
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. Volume16,470,727
30 Day Avg. Volume17,638,506
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
$35.46Price Target Upside83.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)-0.3
Revenue Forecast (FY)$42.45M
Bulls Say, Bears Say
Bulls Say
Growing Production-oriented QCaaS AdoptionRising subscription revenue and a greater share from production applications indicate customers are moving beyond experimentation. This supports more recurring usage, strengthens software and cloud monetization, and can improve revenue quality as deployments mature.
Validated Dual-platform TechnologyPeer-reviewed hardware validation supports D-Wave’s credibility in gate-model computing while its annealing platform is already commercial. Maintaining both platforms broadens potential workloads and creates a longer-term path into fault-tolerant applications.
Expanding Enterprise Traction And Contracted DemandLarge RPO growth, production deployments, and measurable customer outcomes provide evidence of commercial adoption rather than purely research demand. These relationships can support future implementations, repeat usage, and broader expansion within enterprise accounts.
Bears Say
Persistent Operating Losses And Cash BurnThe company remains dependent on external funding while investing heavily in development and commercialization. Persistent negative cash generation limits financial flexibility and raises execution risk if revenue growth does not eventually outpace personnel and operating costs.
Revenue Concentration And Delivery VolatilityLarge system transactions can materially distort reported revenue and create uneven recognition between periods. Reliance on a small number of deliveries makes near-term results less predictable and complicates planning until recurring cloud and services revenue scales.
Reduced Liquidity After Acquisition SpendingThe acquisition accelerates gate-model capabilities but materially reduced the liquidity cushion available for continued research and commercialization. Combined with ongoing losses, the transaction increases the importance of integration success and disciplined capital allocation.
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 $12.75 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 $6.16B.
When is D-Wave Quantum’s upcoming earnings report date?
D-Wave Quantum’s upcoming earnings report date is Nov 05, 2026 which is in 63 days.
How were D-Wave Quantum’s earnings last quarter?
D-Wave Quantum 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 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 -0.1.
How many shares outstanding does D-Wave Quantum have?
D-Wave Quantum has 369,263,820 shares outstanding.
What happened to D-Wave Quantum’s price movement after its last earnings report?
D-Wave Quantum 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?
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
Underperform
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10
Analyst Consensus
Strong Buy
Average Price Target:
$35.46 (83.26% Upside)
$35.46 (83.26% Upside)
Blogger Sentiment
Bullish
QBTS Sentiment 66%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 105.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $7.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 2.5%
Last 30 Days ▼ 2.5%
News Sentiment
Neutral
Bullish news 40%
Bearish news 60%
Bearish news 60%
Technicals
SMA
Negative
20 days / 200 days
Momentum
4.03%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
37.32%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
D-Wave Quantum
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
$35.46
▲(83.26% Upside)
Technical Analysis
Ownership Overview
1.64% Insiders
13.57% Mutual Funds
7.75% Other Institutional Investors
58.52% Public Companies and Individual Investors