D-Wave Quantum Inc./$QBTS
1D1W1MYTD1Y5YMAX
Capital at risk
About D-Wave Quantum Inc.
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.
- Ticker
- $QBTS
- Sector
- Software & Cloud Services
- Primary listing
- NASDAQ
- Employees
- 385
- Headquarters
- Palo Alto, United States
- Website
- www.dwavequantum.com
QBTS Metrics
BasicAdvanced
$6.6B
-
-$0.69
2.16
-
Price and volume
Market cap
$6.6B
Beta
2.16
52-week high
$46.75
52-week low
$12.75
Average daily volume
17M
Financial strength
Current ratio
20.545
Quick ratio
20.197
Long term debt to equity
4.313
Total debt to equity
4.442
Interest coverage (TTM)
-41.66%
Profitability
EBITDA (TTM)
-161.195
Gross margin (TTM)
64.19%
Net profit margin (TTM)
-2,001.59%
Operating margin (TTM)
-1,372.88%
Effective tax rate (TTM)
10.26%
Revenue per employee (TTM)
$30,000
Management effectiveness
Return on assets (TTM)
-10.65%
Return on equity (TTM)
-27.98%
Valuation
Price to revenue (TTM)
509.957
Price to book
6.07
Price to tangible book (TTM)
12.43
Price to free cash flow (TTM)
-52.91
Free cash flow yield (TTM)
-1.89%
Free cash flow per share (TTM)
-0.334
Growth
Revenue change (TTM)
-44.22%
Earnings per share change (TTM)
-36.94%
3-year revenue growth (CAGR)
18.96%
3-year earnings per share growth (CAGR)
1.61%
What the Analysts think about QBTS
Analyst ratings (Buy, Hold, Sell) for D-Wave Quantum Inc. stock.
Analyst projections of the future price of D-Wave Quantum Inc. stock.
Bulls say / Bears say
D-Wave recorded first-half bookings of $35.5 million for 2026, a 1,120% year-on-year increase from $2.9 million, signaling strong demand for its quantum computing offerings (SEC).
D-Wave was named one of only two Leaders in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment, underscoring its competitive positioning and industry recognition (BusinessWire).
AT&T expanded its use of D-Wave’s annealing quantum technology after reducing a network optimization workload’s processing time from one hour to under 15 seconds, illustrating tangible enterprise value and adoption by a major telecom partner (D-Wave).
Revenue for Q2 2026 was $3.1 million, essentially flat versus Q2 2025, highlighting limited top-line growth despite increased commercial focus (BusinessWire).
The company reported a net loss of $48.0 million, or $0.13 per share, in Q2 2026, reflecting persistent unprofitability as it scales operations (BusinessWire).
D-Wave’s cash and marketable investment securities fell 33% year-on-year to $546.2 million as of June 30, 2026, raising concerns over cash runway amid ongoing high R&D and acquisition spending (SEC).
Data summarised monthly by Lightyear AI. Last updated on 23 Aug 2026.
QBTS Financial Performance
Revenues and expenses
QBTS Earnings Performance
Company profitability
Upcoming events
No upcoming events
QBTS News
AllArticlesVideos
Funds containing QBTS
AllEURGBPUSD
Fund name | Fund size | $QBTS weighting |
|---|---|---|
Wisdomtree Quantum Computing€WQTM | €336M | 6.16% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.21% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.10% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.10% |
iShares MSCI World Small Cap$WSML | $9B | 0.06% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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