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QBTS Overview

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$
0.000
0.000(0.000%)
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0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
20.202
Open
20.110
VWAP
19.20
Vol
24.64M
Mkt Cap
6.99B
Low
18.330
Amount
473.02M
EV/EBITDA(TTM)
--
Total Shares
366.74M
EV
6.51B
EV/OCF(TTM)
--
P/S(TTM)
522.77
D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
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Events Timeline

(ET)
2026-05-12
07:10:00
D-Wave Reports Q1 Revenue of $2.9M, Below Consensus
select
2026-05-08 (ET)
2026-05-08
14:50:00
D-Wave Quantum Shares Down, Mixed Options Sentiment
select
2026-05-04 (ET)
2026-05-04
11:10:00
D-Wave Quantum Shares Rise 5.39% to $21.59
select
2026-04-30 (ET)
2026-04-30
13:20:00
D-Wave Quantum Shares Rise 8.51%
select

News

Fool
9.5
05-18Fool
PinnedD-Wave Quantum's Financial Reality and Investment Risks
  • Poor Financial Performance: D-Wave reported a record $33.4 million in bookings for Q1 2026, a staggering 1,994% year-over-year increase, yet only recognized $2.8 million in revenue, an 81% decline, highlighting severe profitability challenges.
  • Widening Operating Losses: The company faced operating losses of $46.8 million in the first quarter, nearly ten times last year's figures, indicating significant financial strain during its expansion, which could impact future funding capabilities.
  • Dilution Risk: Since the onset of the AI revolution, D-Wave's outstanding shares have increased by 226%, diluting existing shareholders' positions, and the lack of a clear path to profitability raises investor risks.
  • Unjustified Market Valuation: With a market cap nearing $8 billion and a price-to-sales ratio of approximately 295, D-Wave lacks a reasonable growth premium, suggesting that the market's confidence in its future profitability is overly optimistic, potentially leading to a significant stock price correction.
Fool
8.5
05-18Fool
Quantinuum's IPO Marks a Pivotal Moment in Quantum Computing
  • Company Background: Quantinuum was formed in 2021 through the merger of Honeywell Quantum Solutions and Cambridge Quantum Computing, with major backing from Honeywell and blue-chip investors like Nvidia and JPMorgan, highlighting its strong support in the quantum computing sector.
  • Technological Edge: Utilizing trapped-ion quantum computers, Quantinuum employs lasers to suspend individual atoms, yielding qubits with exceptionally high fidelity and long coherence times, and this full-stack approach enhances error correction compared to Rigetti Computing's superconducting qubits.
  • Financial Performance: In 2025, Quantinuum generated $30.9 million in revenue, a 35% year-over-year increase, yet net losses widened to $192.6 million, reflecting substantial investments in R&D and marketing, indicating that commercialized quantum AI solutions are still in development.
  • IPO Outlook: Market speculation suggests Quantinuum's IPO could value the company near $20 billion, double its $10 billion valuation from a September 2025 funding round, and despite its poor financial profile, the IPO could serve as a catalyst for the entire quantum ecosystem.
Fool
8.5
05-18Fool
Investment Opportunities in Quantum Computing
  • D-Wave Quantum: D-Wave Quantum focuses on optimization problems using quantum annealing technology, recently securing a $20 million deal with Florida Atlantic University, indicating early market demand that could drive future sales growth if successful.
  • IonQ's Market Performance: IonQ achieved a remarkable 755% revenue growth in Q1, reaching $64.7 million, making it the most popular pure-play quantum computing company; despite a small base, its technology maturation could lead to increased sales opportunities.
  • Nvidia's Strategic Positioning: Although Nvidia does not compete directly in quantum processing units, it supports a hybrid model through tools like CUDA-Q and NVQLink, maintaining its dominant position in the industry as quantum computing evolves.
  • Investment Outlook: The commercialization of quantum computing will occur faster than most investors realize, and investing in companies like D-Wave and IonQ could yield long-term returns, especially against the backdrop of current AI advancements.
Fool
8.5
05-15Fool
D-Wave Quantum Computers Making Industry Impact
  • Strong Market Demand: D-Wave Quantum's quantum computers are experiencing robust demand across multiple industries, with a 179% revenue increase in 2025, indicating that real quantum technology applications are accelerating and enhancing the company's market position in quantum computing.
  • Outstanding Optimization Capabilities: By focusing on quantum annealing technology, D-Wave significantly improves efficiency in optimization problems such as production scheduling, completing tasks that would take traditional computers weeks in less than a day, greatly enhancing client operational efficiency.
  • Future Development Potential: D-Wave is exploring gate model quantum computers, which can address a broader range of problems, and by integrating quantum annealing technology, the company is poised to expand into a larger market, strengthening its competitive edge.
  • Attractive Investment Opportunity: D-Wave Quantum's success positions it as a quality investment choice in the quantum computing space, and when combined with the resources of larger companies, it offers a favorable risk-reward balance that is likely to attract more investor interest.
Fool
8.5
05-15Fool
D-Wave Quantum Stock Soars 4,550% Amid Growth Prospects
  • Stock Price Surge: D-Wave Quantum's stock skyrocketed from an all-time low of $0.41 three years ago to approximately $20 today, representing a staggering 4,550% increase, which would have turned a $10,000 investment into over $465,000, reflecting strong market confidence in its future potential.
  • Quantum Computing Services: D-Wave focuses on quantum annealing services, and while most of its clients are still engaged in low-revenue pilot programs, its Leap cloud platform has attracted over 100 notable companies, including Deloitte and Volkswagen, indicating the technology's applicability in mainstream enterprises.
  • Revenue Growth Expectations: By 2025, D-Wave's revenue is projected to surge by 179%, primarily driven by sales of its new Advantage2 quantum systems, which can solve specific problems 25,000 times faster than the first generation while consuming less power, showcasing the commercial value of its technological advancements.
  • Future Outlook: Despite D-Wave's market cap of $8.2 billion and the expectation that adjusted EBITDA will remain negative in the foreseeable future, analysts anticipate its revenue will grow at an 80% CAGR, reaching $142.4 million by 2028, indicating significant long-term growth potential in the quantum computing sector.
Yahoo Finance
2.0
05-15Yahoo Finance
Quantum Computing Stocks Experience Collective Decline
  • Revenue Surge: IonQ's CEO reported a staggering 755% year-over-year revenue increase to $64.67 million in Q1, despite a 9% stock drop, indicating strong growth potential in the quantum computing sector.
  • Market Volatility: Quantum Computing stocks saw a collective decline, with Quantum Computing Inc. and D-Wave Quantum down 9% and 7% respectively, reflecting a risk-off sentiment in the market despite no significant changes in fundamentals.
  • Strong Cash Position: D-Wave and Rigetti hold $588.4 million and $569 million in cash with no debt, showcasing their financial stability in the current market environment, which may support future investments and expansions.
  • Investor Focus: With D-Wave's Investor Day scheduled for June 1 at the NYSE, the market will closely monitor the stability of these stocks, particularly whether IonQ can maintain support above $50, which will indicate shifts in market sentiment.
Wall Street analysts forecast QBTS stock price to rise
13 Analyst Rating
Wall Street analysts forecast QBTS stock price to rise
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
35.00
Averages
40.67
High
48.00
Current: 0.000
sliders
Low
35.00
Averages
40.67
High
48.00
Canaccord
Buy
downgrade
$43 -> $41
AI Analysis
2026-05-13
Reason
Canaccord
Price Target
$43 -> $41
AI Analysis
2026-05-13
downgrade
Buy
Reason
Canaccord lowered the firm's price target on D-Wave Quantum to $41 from $43 and keeps a Buy rating on the shares. The firm updated its model following Q1 results where bookings surged as the gate model roadmap became tangible. Management raised system sales cadence from one per year to 2-3, with at least two deliveries committed in 2026 implying additional unannounced wins already deep in negotiation.
Mizuho
Outperform
to
Outperform
downgrade
$31 -> $29
2026-05-13
Reason
Mizuho
Price Target
$31 -> $29
2026-05-13
downgrade
Outperform
to
Outperform
Reason
Mizuho lowered the firm's price target on D-Wave Quantum to $29 from $31 and keeps an Outperform rating on the shares. The firm adjusted estimates post the March quarter report, saying the company posted strong bookings.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for QBTS
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Valuation Metrics

The current forward P/E ratio for D-Wave Quantum Inc (QBTS.N) is 0.00, compared to its 5-year average forward P/E of -19.96. For a more detailed relative valuation and DCF analysis to assess D-Wave Quantum Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-19.96
Current PE
0.00
Overvalued PE
12.22
Undervalued PE
-52.13

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-18.02
Current EV/EBITDA
-4.43
Overvalued EV/EBITDA
12.68
Undervalued EV/EBITDA
-48.72

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
74.38
Current PS
88.47
Overvalued PS
186.78
Undervalued PS
-38.02

Financials

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Whales Holding QBTS

M
Mubadala Investment Company PJSC
Holding
QBTS
+43.83%
3M Return
D
Defiance ETFs, LLC
Holding
QBTS
+27.63%
3M Return
C
Clear Street LLC
Holding
QBTS
+24.32%
3M Return
Y
Yarbrough Capital, LLC
Holding
QBTS
+16.50%
3M Return
M
Marex Group plc
Holding
QBTS
+12.89%
3M Return
C
CloudAlpha Capital Management Limited
Holding
QBTS
+10.76%
3M Return

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Frequently Asked Questions

What is D-Wave Quantum Inc (QBTS) stock price today?

The current price of QBTS is 19.06 USD — it has decreased -6.34

What is D-Wave Quantum Inc (QBTS)'s business?

D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.

What is the price predicton of QBTS Stock?

Wall Street analysts forecast QBTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QBTS is40.67 USD with a low forecast of 35.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is D-Wave Quantum Inc (QBTS)'s revenue for the last quarter?

D-Wave Quantum Inc revenue for the last quarter amounts to 2.86M USD, decreased -80.95

What is D-Wave Quantum Inc (QBTS)'s earnings per share (EPS) for the last quarter?

D-Wave Quantum Inc. EPS for the last quarter amounts to -0.05 USD, increased 150.00

How many employees does D-Wave Quantum Inc (QBTS). have?

D-Wave Quantum Inc (QBTS) has 382 emplpoyees as of May 19 2026.

What is D-Wave Quantum Inc (QBTS) market cap?

Today QBTS has the market capitalization of 6.99B USD.