D-Wave Quantum Inc./$QBTS
D-Wave Quantum shares fall amid a technology sell-off as Alphabet’s weak search-ad results and heavy AI spending deepen investor doubts about returns on AI investment.
18 hours agoLightyear AI
1D1W1M3M6MYTD1Y5YMAX
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
$4B
-
-$0.69
2.14
-
Price and volume
Market cap
$4B
Beta
2.14
52-week high
$37.62
52-week low
$10.23
Average daily volume
15M
Financial strength
Current ratio
20.545
Quick ratio
20.092
Long term debt to equity
0.043
Total debt to equity
0.044
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)
307.359
Price to book
3.66
Price to tangible book (TTM)
7.49
Price to free cash flow (TTM)
-31.89
Free cash flow yield (TTM)
-3.14%
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
First-half bookings reached $35.5 million, up more than eleven-fold, while remaining performance obligations rose 668% to $40.7 million. If D-Wave converts these orders into sales, they provide a sizeable near-term revenue pipeline. (D-Wave)
Use of D-Wave’s cloud service for production work is growing: production applications made up 37.3% of first-half QCaaS revenue, up from 9.8% a year earlier. Wider production use could help build a steadier recurring-revenue base. (D-Wave)
D-Wave’s European reach is expanding through a €10 million agreement to deploy an Advantage2 system in Italy. The buyer secured half the system’s capacity for five years, giving D-Wave a contracted route into a new regional market. (D-Wave)
Reported sales have yet to show sustained growth: second-quarter revenue was flat year on year at $3.1 million, while first-half revenue fell 67%. The comparison reflects a large system sale in the prior-year period, underlining how much results can depend on individual deals. (SEC)
D-Wave’s revenue mix remains exposed to lumpy system sales rather than a large recurring-services base. S&P Global’s 2026 estimates put system sales at about 70% of revenue, while QCaaS remains comparatively small, leaving reported growth sensitive to the timing of hardware orders. (S&P Global)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.
QBTS Financial Performance
Revenues and expenses
QBTS Earnings Performance
Company profitability
Upcoming events
No upcoming events
QBTS News
AllArticlesVideos
QBTS UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds D-Wave Quantum Investors of Securities Class Action Lawsuit Deadline on December 15, 2026
Newsfile Corp2 hours ago
ROSEN, LEADING INVESTOR COUNSEL, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - QBTS
Newsfile Corp13 hours ago
Robbins LLP Urges QBTS Investors Who Lost Money Investing in D-Wave Quantum Inc. to Contact the Firm for Information About Leading the Class Action
Business Wire16 hours ago
Funds containing QBTS
AllUSDEURGBP
Fund name | Fund size | $QBTS weighting |
|---|---|---|
VanEck Quantum Computing€QUTM | $812M | 5.94% |
Vaneck Quantum Computing£QNTG | $812M | 5.94% |
iShares Quantum Computing£QANT | $73M | 5.92% |
Wisdomtree Quantum Computing€WQTM | €336M | 5.15% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.14% |
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.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.