d-wave quantum inc. - QBTS

QBTS

Close Chg Chg %
14.43 -0.73 -5.06%

Closed Market

13.70

-0.73 (5.06%)

Volume: 21.75M

Last Updated:

Apr 1, 2026, 3:59 PM EDT

Company Overview: d-wave quantum inc. - QBTS

QBTS Key Data

Open

$14.85

Day Range

13.65 - 14.99

52 Week Range

5.77 - 46.75

Market Cap

$5.34B

Shares Outstanding

369.91M

Public Float

357.92M

Beta

1.77

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$1.10

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

21.99M

 

QBTS Performance

1 Week
 
-1.44%
 
1 Month
 
-27.05%
 
3 Months
 
-47.61%
 
1 Year
 
116.09%
 
5 Years
 
N/A
 

QBTS Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 16
Full Ratings ➔

About d-wave quantum inc. - QBTS

D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company’s quantum computing systems via the cloud in the form of quantum computing as a service. It offers professional services such as customer assistance in identifying and implementing quantum-computing applications. The company was founded on January 25, 2022 and is headquartered in Palo Alto, CA.

QBTS At a Glance

D-Wave Quantum, Inc.
2650 East Bayshore Road
Palo Alto, California 94303
Phone 1-650-285-2881 Revenue 24.59M
Industry Computer Processing Hardware Net Income -355,062,000.00
Sector Electronic Technology 2025 Sales Growth 178.543%
Fiscal Year-end 12 / 2026 Employees 388
View SEC Filings

QBTS Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 341.621
Price to Book Ratio 11.008
Price to Cash Flow Ratio N/A
Enterprise Value to EBITDA -77.078
Enterprise Value to Sales 307.415
Total Debt to Enterprise Value 0.006

QBTS Efficiency

Revenue/Employee 63,368.557
Income Per Employee -915,108.247
Receivables Turnover 5.254
Total Asset Turnover 0.044

QBTS Liquidity

Current Ratio 42.379
Quick Ratio 42.248
Cash Ratio 41.823

QBTS Profitability

Gross Margin 82.588
Operating Margin -408.216
Pretax Margin -1,444.105
Net Margin -1,444.105
Return on Assets -63.65
Return on Equity -77.62
Return on Total Capital -39.641
Return on Invested Capital -71.494

QBTS Capital Structure

Total Debt to Total Equity 5.099
Total Debt to Total Capital 4.852
Total Debt to Total Assets 4.745
Long-Term Debt to Equity 4.914
Long-Term Debt to Total Capital 4.675
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for D-wave Quantum Inc. - QBTS

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
7.17M 8.76M 8.83M 24.59M
Sales Growth
- +22.10% +0.79% +178.54%
Cost of Goods Sold (COGS) incl D&A
2.92M 4.14M 3.26M 4.28M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
2.33M 1.84M 1.93M 2.31M
Depreciation
2.21M 1.69M 1.82M 2.14M
Amortization of Intangibles
123.00K 154.00K 109.00K 163.00K
COGS Growth
- +41.50% -21.08% +31.16%
Gross Income
4.25M 4.62M 5.56M 20.31M
Gross Income Growth
- +8.75% +20.36% +265.02%
Gross Profit Margin
+59.25% +52.77% +63.02% +82.59%
2022 2023 2024 2025 5-year trend
SG&A Expense
63.71M 85.17M 82.79M 120.67M
Research & Development
32.10M 37.88M 35.30M 50.73M
Other SG&A
31.61M 47.29M 47.49M 69.94M
SGA Growth
+1,584.66% +33.68% -2.80% +45.77%
Other Operating Expense
- - - -
-
Unusual Expense
(6.17M) 1.22M 68.89M 270.54M
EBIT after Unusual Expense
(53.28M) (81.76M) (146.11M) (370.91M)
Non Operating Income/Expense
1.92M (916.00K) 6.13M 19.86M
Non-Operating Interest Income
- - - 24.11M
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
2.33M 37.00K 3.90M 4.01M
Interest Expense Growth
- -98.42% +10,432.43% +2.98%
Gross Interest Expense
2.33M 37.00K 3.90M 4.01M
Interest Capitalized
- - - -
-
Pretax Income
(53.70M) (82.72M) (143.88M) (355.06M)
Pretax Income Growth
-321.40% -54.03% -73.95% -146.78%
Pretax Margin
-748.67% -944.45% -1,629.99% -1,444.10%
Income Tax
- - - -
-
Income Tax - Current - Domestic
- - - -
-
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
- - - -
-
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
(53.70M) (82.72M) (143.88M) (355.06M)
Minority Interest Expense
- - - -
-
Net Income
(53.70M) (82.72M) (143.88M) (355.06M)
Net Income Growth
-321.49% -54.03% -73.95% -146.78%
Net Margin Growth
-748.67% -944.45% -1,629.99% -1,444.10%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(53.70M) (82.72M) (143.88M) (355.06M)
Preferred Dividends
- - - -
-
Net Income Available to Common
(53.70M) (82.72M) (143.88M) (355.06M)
EPS (Basic)
-0.4488 -0.5994 -0.7489 -1.1054
EPS (Basic) Growth
-169.42% -33.56% -24.94% -47.60%
Basic Shares Outstanding
119.65M 137.99M 192.13M 321.20M
EPS (Diluted)
-0.4488 -0.5994 -0.7489 -1.1054
EPS (Diluted) Growth
-169.42% -33.56% -24.94% -47.60%
Diluted Shares Outstanding
119.65M 137.99M 192.13M 321.20M
EBITDA
(57.13M) (78.70M) (75.29M) (98.06M)
EBITDA Growth
-1,410.59% -37.77% +4.33% -30.24%
EBITDA Margin
-796.39% -898.62% -852.96% -398.84%

Snapshot

Average Recommendation BUY Average Target Price 38.50
Number of Ratings 16 Current Quarters Estimate -0.085
FY Report Date 06 / 2026 Current Year's Estimate -0.34
Last Quarter’s Earnings -0.08 Median PE on CY Estimate N/A
Year Ago Earnings -0.26 Next Fiscal Year Estimate -0.391
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 14 14 14 14
Mean Estimate -0.09 -0.08 -0.34 -0.39
High Estimates -0.05 -0.02 -0.20 -0.29
Low Estimate -0.11 -0.12 -0.45 -0.56
Coefficient of Variance -23.03 -28.66 -19.76 -18.13

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 15 15 15
OVERWEIGHT 0 0 0
HOLD 1 1 0
UNDERWEIGHT 0 0 0
SELL 0 0 1
MEAN Buy Buy Buy

Insider Actions for D-wave Quantum Inc. - QBTS

Date Name Shares Transaction Value
Nov 20, 2025 Steven M. West Director 82 Open market or private purchase of non-derivative security Non-derivative transaction at $21.89 per share 1,794.98

D-Wave Quantum Inc. in the News