D-Wave Quantum Inc. (NYSE: QBTS) is a Technology company in the Computer Hardware industry. QuoTrend tracks its price, financials, earnings, analyst ratings and insider trades.
| Index | - | P/E | - | EPS (ttm) | -0.71 | Insider Own | 16.36% | Shs Outstand | 367.27M | Perf Week | 1.85% |
| Market Cap | 6.28B | Forward P/E | - | EPS next Y | -0.38 | Insider Trans | -2.34% | Shs Float | 358.62M | Perf Month | -11.44% |
| Enterprise Value | 5.75B | PEG | - | EPS next Q | -0.09 | Inst Own | - | Short Float | 19.93% | Perf Quarter | -30.70% |
| Income | -248.00M | P/S | - | EPS this Y | 58.41% | Inst Trans | - | Short Ratio | 3.21 | Perf Half Y | 6.27% |
| Sales | 13.00M | P/B | 5.80 | EPS next Y | -27.05% | ROA | -21.47% | Short Interest | 71.47M | Perf YTD | -34.57% |
| Book/sh | 2.95 | P/C | 11.51 | EPS next 5Y | - | ROE | -26.67% | 52W High | 46.75 -63.40% | Perf Year | -24.09% |
| Cash/sh | 1.49 | P/FCF | - | EPS past 3/5Y | - | ROIC | -13.52% | 52W Low | 12.75 34.20% | Perf 3Y | 1514.15% |
| Dividend Est. | - | EV/EBITDA | - | Sales past 3/5Y | 52.86% 37.97% | Gross Margin | 64.19% | Volatility | 6.48% 5.11% | Perf 5Y | 75.49% |
| Dividend TTM | - | EV/Sales | - | EPS Y/Y TTM | 5.33% | Oper. Margin | -1372.88% | ATR (14) | 1.12 | Perf 10Y | - |
| Dividend Ex-Date | - | Quick Ratio | 20.42 | Sales Y/Y TTM | 44.44% | Profit Margin | -2001.59% | RSI (14) | 46.13 | Recom | 2.00 |
| Dividend Gr. 3/5Y | - | Current Ratio | 20.55 | EPS Q/Q | 81.82% | SMA20 | -1.39% | Beta | 2.12 | Target Price | 34.38 |
| Payout | 0.00% | Debt/Eq | 0.05 | Sales Q/Q | 0.00% | SMA50 | -6.64% | Rel Volume | 1.03 | Prev Close | 17.69 |
| Employees | 385 | LT Debt/Eq | 0.05 | Earnings | Nov 05 | SMA200 | -19.60% | Avg Volume | 18.48M | Price | 17.11 |
| IPO Date | Dec 11, 2020 | Option/Short | Yes / Yes | EPS/Sales Surpr. | -18.11% -23.62% | Net Debt/EBITDA | 1.09 | Volume | 19,039,606 | Change | -3.28% |
| Date | Action | Analyst | Rating | Target |
|---|---|---|---|---|
| Aug-20-26 | Reiterated | BMO Capital | $35 | |
| Aug-07-26 | Reiterated | Jefferies | $45 → $40 | |
| Aug-06-26 | Reiterated | Roth Capital | Buy | $40 → $30 |
| Aug-06-26 | Reiterated | Canaccord Genuity | Buy | $41 → $35 |
| Jul-28-26 | Reiterated | Rosenblatt | Buy | $43 |
| Jun-15-26 | Reiterated | Mizuho | Outperform | $29 → $35 |
| Jun-02-26 | Reiterated | Stifel Nicolaus | $26 → $35 | |
| May-13-26 | Reiterated | Canaccord Genuity | Buy | $43 → $41 |
| May-13-26 | Reiterated | Mizuho | Outperform | $46 → $29 |
| Apr-20-26 | Initiated | Northland | Market Perform | $22 |
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.
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| Line Item (USD, M) | TTM — | FY 2025 12/31/2025 | FY 2024 12/31/2024 | FY 2023 12/31/2023 | FY 2022 12/31/2022 | FY 2021 12/31/2021 | FY 2020 12/31/2020 | |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 13 | 25 | 9 | — | — | — | — | |
| Cost of Goods Sold Incl. D&A | 4 | 4 | 3 | — | — | — | — | |
| Gross Profit | 9 | 20 | 6 | — | — | — | — | |
| Selling, General and Administrative Excl. Other | 97 | 70 | 47 | — | — | — | — | |
| Research and Development | 82 | 51 | 35 | — | — | — | — | |
| Other Operating Expense | 0 | 0 | 1 | — | — | — | — | |
| Operating Income | -171 | -100 | -77 | — | — | — | — | |
| Interest Expense | 9 | 4 | 4 | — | — | — | — | |
| Unusual Expense | — | — | — | — | — | — | — | |
| Non-Operating Income (Expense) | -96 | -251 | -63 | — | — | — | — | |
| Net Income Before Taxes | -277 | -355 | -144 | — | — | — | — | |
| Income Taxes | -28 | 0 | 0 | — | — | — | — | |
| Consolidated Net Income | -248 | -355 | -144 | — | — | — | — | |
| Net Income From Continuing Operations | -248 | -355 | -144 | — | — | — | — | |
| Net Income | -248 | -355 | -144 | — | — | — | — | |
| EPS (Recurring) | -0.71 | -1.11 | -0.75 | — | — | — | — | |
| EPS (Basic, Before Extraordinaries) | -0.71 | -1.11 | -0.75 | — | — | — | — | |
| EPS (Diluted) | -0.71 | -1.11 | -0.75 | — | — | — | — | |
| EBITDA | -258 | -349 | -138 | — | — | — | — | |
| Other After Tax Adjustments | — | — | — | — | — | — | — | |
| Stock Option Compensation Expense | — | — | — | — | — | — | — | |
| Price To Earnings Ratio | — | — | — | — | — | — | — | |
| Price To Sales Ratio | 488.29 | 335.77 | 179.20 | — | — | — | — | |
| Gross Margin | 69.23 | 80.00 | 66.67 | — | — | — | — | |
| Operating Margin | -1,315.38 | -400.00 | -855.56 | — | — | — | — | |
| Net Margin | -1,907.69 | -1,420.00 | -1,600.00 | — | — | — | — | |
| Shares Outstanding | 371 | 321 | 192 | — | — | — | — | |
| Market Capitalization | 6,348 | 8,394 | 1,613 | — | — | — | — | |
| Operating Lease Expense | — | — | — | — | — | — | — |
| Insider | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|
| DiLullo John D | Director | Sep 08 '26 | Sale | 18.00 | 1,100 | 19,801 | 20,210 | Sep 09 |
| AMES SOPHIE C | Exec. Vice President & CHRO | Jul 20 '26 | Sale | 16.95 | 3,070 | 52,042 | 589,009 | Jul 21 |
| Ghai Rohit | Director | Jun 15 '26 | Sale | 26.41 | 13,518 | 357,055 | 23,617 | Jun 16 |
| Markovich John M. | Chief Financial Officer | Jun 15 '26 | Sale | 25.71 | 200,000 | 5,143,000 | 1,142,820 | Jun 16 |
| Markovich John M. | Chief Financial Officer | Jun 12 '26 | Sale | 24.01 | 46,043 | 1,105,492 | 1,342,820 | Jun 16 |
| Markovich John M. | Chief Financial Officer | Jun 09 '26 | Sale | 26.54 | 70 | 1,858 | 1,388,863 | Jun 10 |
| BARATZ ALAN E | President & CEO | Jun 08 '26 | Sale | 26.13 | 687,627 | 17,967,694 | 3,299,771 | Jun 10 |
| Markovich John M. | Chief Financial Officer | Jun 08 '26 | Sale | 26.24 | 50,979 | 1,337,689 | 1,388,933 | Jun 10 |
| BARATZ ALAN E | President & CEO | Jun 08 '26 | Option Exercise | 0.89 | 687,627 | 612,093 | 3,987,398 | Jun 10 |
| DiLullo John D | Director | Jun 05 '26 | Sale | 24.43 | 7,850 | 191,809 | 21,310 | Jun 08 |
| Markovich John M. | Chief Financial Officer | Jun 02 '26 | Sale | 31.00 | 2,908 | 90,148 | 1,439,912 | Jun 04 |
| Markovich John M. | Chief Financial Officer | May 22 '26 | Sale | 27.70 | 328,752 | 9,107,647 | 1,442,820 | May 27 |
| Markovich John M. | Chief Financial Officer | May 22 '26 | Option Exercise | 0.89 | 328,752 | 293,511 | 1,771,572 | May 27 |
| Nguyen Diane | EVP, Chief Legal Officer & GC | May 21 '26 | Sale | 25.01 | 40,000 | 1,000,560 | 517,149 | May 22 |
| AMES SOPHIE C | Exec. Vice President & CHRO | May 20 '26 | Sale | 18.98 | 23,025 | 436,934 | 596,803 | May 21 |